Posted by yumchar > 2021-06-17 10:58 | Report Abuse

Sad but true. If you look at the charts of those so called recovery stocks, most of their share prices are way higher than when they were before the pandemic and their business now or in the foreseeable future are no better than pre-pandemic.

Posted by Dannyfyl88 > 2021-06-17 11:18 | Report Abuse

YC.. no bargains out there except for gloves and Serbadk. All recoveries/tech are ridiculously expensive (P/E 50-100 like gloves before). Being a steady LT investors, I am bad at in/out with these hyped up counters. Corrections for these will come as in gloves and I think gloves have the lowest risk now compared to recoveries...given Covid is still here, variances blooming and efficacy dropping. Endamic it is...

Posted by AxeCapital2077 > 2021-06-17 14:19 | Report Abuse

In share market no risk no gain. Glove safest means no one likes it haha

Posted by AxeCapital2077 > 2021-06-17 14:20 | Report Abuse

Pandemic ending bro don’t keep stuck in dream. People getting vaccinated economy is going to grow from now

Posted by Dannyfyl88 > 2021-06-17 14:50 | Report Abuse

Axe… COVID is still around lah… ending not so soon with variances..??. In shares, it’s also looking for potential. U think gloves will stay ranging forever? Ticking bomb… let’s see.

Posted by NJHL1234 > 2021-06-17 15:36 | Report Abuse

suai la these investors, betting another covid wave. karma lai liao

Posted by Benny1123 > 2021-06-17 17:05 | Report Abuse

Feel bored always stay home, when covid end...

Posted by mjong99 > 2021-06-17 17:23 | Report Abuse

When QR out?

Posted by investory321 > 2021-06-17 17:42 | Report Abuse

when is the free warrant start trading? expect to trade at what price?

Posted by Dannyfyl88 > 2021-06-18 10:48 | Report Abuse

Quietly ranging up.... This applies to All gloves for now... ticking time bomb where ALL will blow... Wait for it...

Posted by selesa2020 > 2021-06-18 11:41 | Report Abuse

Danny, ya it wouldn't blow this soon. Goverment and businesses are desperate to inject +ve to bring back the recovery sentiment, well, I am too don't want this pandermic to drag too long, many will suffer , be it mentally or financially.

Posted by TheThird > 2021-06-18 15:06 | Report Abuse

how would the warrants affect price?

Posted by GloveASP > 2021-06-18 15:45 | Report Abuse

I dare to confirm, malaysian will die in covid total 100000 above, full lockdown without any business can have more than 3 months

Posted by yumchar > 2021-06-18 16:38 | Report Abuse

Congrats Danny, our faith in Comfort gave us comfort in this trying time. The sweet taste of glove money is for us to relish once again but don't be greedy.

Posted by thlim123 > 2021-06-18 18:00 | Report Abuse

Hope can continue this momentum. Every time cannot sustain the uptrend

Posted by alexswift94 > 2021-06-18 20:31 | Report Abuse

Will up more before ex-date and qr report out

Posted by BrusaCasino > 2021-06-18 20:35 | Report Abuse

No rush. Just the beginning

Posted by Dannyfyl88 > 2021-06-20 17:05 | Report Abuse

Beginning it is. Delta variants will overtook the vaccine drive and soon, the demand for gloves will increase as hospitalisation will increase even if death rates stabilise. The war with COVID is not over… that is why US investors buy TG OTC on anticipation that this coming fall seasons will be crap with Delta variants blooming especially with those not vaccinated.

Posted by Will76 > 2021-06-21 12:31 | Report Abuse

KUALA LUMPUR (June 21): PublicInvest Research has downgraded the rubber glove sector to "neutral" as it expects average selling prices (ASPs) for the sector to decline gradually in the second half of the year (2H21), following the improving Covid-19 situation in both the largest glove consuming markets, the US and the European Union (EU).

Its analyst Chua Siu Li in a note today cut her earnings forecasts for the sector by 10% to 35% on the back of lower ASP assumptions.

According to her, the improving Covid-19 situations in the US and EU resulted in much lesser urgency for distributors to immediately replenish inventories back to usual levels of two to three months.

“The buyers are adopting a more careful stance currently to avoid locking in purchases at high prices.

“We expect ASPs of gloves to start trending lower in the second half, supported by the improved Covid-19 situation as well as lower raw material prices as tight supply of nitrile butadiene latex continues to ease and [with a] better yield for latex concentrate after the end of the wintering season in May,” she said.

She also noted that glove makers’ commitment to stepping up on their social compliance practices will also translate into higher costs going forward, and she reckoned that it would take time for glove makers to fully pass on the cost increase to buyers, so it should result in margin compression in the near term.

Chua downgraded her rating of Kossan Rubber Industries Bhd to "neutral", with a lower target price (TP) of RM3.65.

“We cut our FY21 to FY23 earnings forecasts for Kossan by 37% to 51% to account for the expected decline in ASPs,” she said.

She also maintained her "neutral" call on Top Glove Corp Bhd but lowered her TP to RM4.40.

Posted by trueinvestor > 2021-06-21 13:16 | Report Abuse

QR out....200m++ PAT...div 4 cents

Posted by Zrenxy > 2021-06-21 13:51 | Report Abuse

Nice...mahsing next quarter out in august will deliver yo match comfort

Posted by selesa2020 > 2021-06-21 13:56 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3168070

Posted by Albukhary > 2021-06-21 14:05 | Report Abuse

Good result!

Posted by siaokar > 2021-06-21 14:07 | Report Abuse

hoseh liao

Posted by Dannyfyl88 > 2021-06-21 14:13 | Report Abuse

Nice... half billion revenue... PAT up 60%... dividend 4c... nice

Posted by yumchar > 2021-06-21 14:17 | Report Abuse

Truly awesome. Now shareholders are entitled to the bonus warrants and dividend. On top of that, Dato’ Lau Eng Guang Brian Lau Joo Kien voluntarily withdrew from the proposed Allocation of Awards under the ESS scheme, very respectable directors unlike those leeches in the goreng companies.

Posted by Fklim888 > 2021-06-21 14:22 | Report Abuse

Share prices will be...?

Posted by ooi8888 > 2021-06-21 14:31 | Report Abuse

fly...

Posted by tallman > 2021-06-21 14:39 | Report Abuse

this market very funny PE 2.5 nobody want to buy

Posted by gohkimhock > 2021-06-21 14:47 | Report Abuse

Posted by tallman > Jun 21, 2021 2:39 PM | Report Abuse

this market very funny PE 2.5 nobody want to buy
*******************************************************

you buy lor. We give you a chance to buy ma..

Posted by everest29029 > 2021-06-21 14:53 | Report Abuse

maybe close red today

Posted by Fklim888 > 2021-06-21 14:53 | Report Abuse

negative PE only buy ... lol

Posted by tallman > 2021-06-21 14:56 | Report Abuse

@gohkimhock lol

now a day loss making can up, earn big is going down :)

Posted by tallman > 2021-06-21 14:58 | Report Abuse

i gotta looking for loss making company in order to earn big money

Posted by brian3381 > 2021-06-21 15:07 | Report Abuse

the profit is not sustainable due to falling asp... ppl buy into future. those follow hoooii hoooi wil go hoalnd. haha

Posted by BrusaCasino > 2021-06-21 15:35 | Report Abuse

Mad respect to Dato Lau Eng Guag and Lau Joo Lien.

Posted by yumchar > 2021-06-21 15:50 | Report Abuse

Tallman, it's because you can see further than those who are short. Some look only at growth rates but not the quantum of earnings yearly for the next foreseeable 3 years and what will be the projected accumulated earnings at the end of the 3 years. There's always a price point worth investing, numbers don't lie but people do. The problem is we can't fight the herd mentality.

Posted by huat8787 > 2021-06-21 16:00 | Report Abuse

now only glove can give so high profit

Posted by Kevin Tam > 2021-06-21 16:21 | Report Abuse

Comfort will go up to above 2.35-2.40 after this good quarterly profit... maybe 1-2 weeks time, good for those still holding Comfort ...

Posted by chensk > 2021-06-21 16:54 | Report Abuse

wah, after earning so much of money, u think Comfort will be back to pre-Covid level? easily can expand into other business.

Posted by Amar > 2021-06-21 17:26 | Report Abuse

tomorrow ex date for the warrants...

Posted by KarmaPrince > 2021-06-21 17:36 | Report Abuse

Ex Date for warrants entitlement is 23 Jun Wednesday

Posted by thlim123 > 2021-06-21 17:39 | Report Abuse

Do we know the warrants price?

Posted by selesa2020 > 2021-06-21 21:19 | Report Abuse

Tokyo 2020: Up to 10,000 Japanese fans will be permitted at Olympic venues - https://www.bbc.co.uk/sport/57550621

Posted by BrusaCasino > 2021-06-21 21:50 | Report Abuse

Great! More customers

Posted by Mat Cendana > 2021-06-21 22:18 | Report Abuse

Regardless of what some analysts say about reduced ASP in the coming quarters, a glove counter or two is a must in my portfolio. Comfort especially is at a very attractive price based on the latest results.

Sentiment among investors for glove counters isn't favourable right now. But I believe this will change. After all what other industries are making this kind of profit right now?

Posted by greedy44444 > 2021-06-21 23:39 | Report Abuse

After the ex-date for free warrant surely the mother share will go down to make way for the upcoming son.

Posted by greedy44444 > 2021-06-21 23:39 | Report Abuse

https://focusmalaysia.my/publicinvest-downgrades-glove-sector-to-neutral-on-tapering-asps/

Posted by GrowingRich > 2021-06-21 23:42 | Report Abuse

publicinvest should be downgrading public bank

Posted by VKNR1405 > 2021-06-22 02:06 | Report Abuse

https://www.theedgemarkets.com/article/comfort-gloves-reports-13fold-rise-1q-net-profit-rm219m-declares-four-sen-dividend