Posted by Dannyfyl88 > 2021-08-18 12:23 | Report Abuse

I am with you Brusa... It is an opportunity... This price is at scrap metal level now. Given the next few qtrs of making 100s of millions, it is ridiculous to stay so low for so long. Money game will come around. Like I said, ALL counters only wish they can make half of what Gloves can make.

Posted by BrusaCasino > 2021-08-18 12:35 | Report Abuse

I see companies with lots of cash as a company that is fully clothed. Anything hit, they are protected. Cash is king and cash can be used to enter any industry after this no problems. In contrast, I see companies with low cash balance, stagnant growth, low profit margin as companies with no cloths on. Anything hit, will easy get under their skin easy.

Posted by BrusaCasino > 2021-08-18 12:37 | Report Abuse

On top of that. The reason why I chose comfort is, the valuations are insanely under valued. For example. The market cap is about 1B. Based on previous quarter, the PE is at about 1.7. so literally if they can able to earn 200M NP on average per quarter. They can buy the whole market cap in just 5 quarters which is insane.

Posted by Keyman188 > 2021-08-18 12:39 | Report Abuse

Aiyo...don't talk about cash pile lahhh...

You see TopGlove...Hartalega...Kossan...Supermax...

All BIG 4 glove makers also strong cash pile recent year then Comfort...

Why you opt Comfort but not BIG 4!!!......


wkwkwk...kekeke...hehehe...

Posted by BrusaCasino > 2021-08-18 12:40 | Report Abuse

Keyman188 I am ok with all the glove stocks. In terms of value, all of them are below fair value

Posted by BrusaCasino > 2021-08-18 12:40 | Report Abuse

Comfort is among the tier 2 glove stocks that had the highest capacity.

Posted by Keyman188 > 2021-08-18 12:41 | Report Abuse

Market traders' behaviour always same pattern...

自我催眠......

Posted by BrusaCasino > 2021-08-18 12:43 | Report Abuse

We will see. Time will tell. My speculation for comfort is fair value at about rm5-6. And if they use their cash to enter other business, such as EV or semi con. Rm10 in a few years wouldn't be unheard off

Posted by BrusaCasino > 2021-08-18 12:45 | Report Abuse

What's stopping any company from simply entering semi con is cash. If comfort know how to use the cash. Wouldn't be a problem to start get into semi con.

Posted by BrusaCasino > 2021-08-18 12:45 | Report Abuse

Cash is king

Posted by BrusaCasino > 2021-08-18 12:48 | Report Abuse

For every RM they have. They can easily loan 5-10x the amount

Posted by BrusaCasino > 2021-08-18 12:52 | Report Abuse

But glove in mid term will be good. On average, supply can increase only about 30% per year. So as long as demand can increase 30% per year. There will be growth. ASP will truly drop only when supply more than demand. Many of those glove company CEOs keeps saying ASP will drop but profit margins have been rising. What is the truth ?

Posted by BrusaCasino > 2021-08-18 12:58 | Report Abuse

Not just that, covid itself is a problem. Previously the narrative is that the vaccine is a cure. But it's not. U still can get infected and spread it. On top of that the vaccine immunity can wear off. So the cycle will continue. Covid will probably not be fully irradicated until a few years time

Posted by Keyman188 > 2021-08-18 13:10 | Report Abuse

Keyman188 hope you right but hard to reach...

wkwkwk...kekeke...hehehe...

Posted by IMwhatIM > 2021-08-18 13:47 | Report Abuse

Sometimes I like to write a bit just to entertain the people around me.

Waiting for the share price to go up by 100-200 % before you act on it is like waiting for the sun, moon and stars to appear at the same time. Yes, it is remotely possible.

I would still prefer to make some 25% when the price goes up, pay the bank 5% interest and keep the balance of 20% for myself. This will keep the bankers coming back and knocking at my door. Both the bankers and I will be equally happy.

I am sure the bankers will be extremely happy if this is done a few rounds in a year.

Posted by selesa2020 > 2021-08-19 06:39 | Report Abuse

The health ministry reported some 7,870 new Covid-19 cases on Tuesday, which was slightly down on Monday's six-month daily record of 8,752.

Israel extends Covid restrictions to three-year-olds as cases surge - https://www.bbc.co.uk/news/world-middle-east-58245285

Posted by Dannyfyl88 > 2021-08-19 10:41 | Report Abuse

One day show as usual... the sentiment is still bad. Sleeping tiger still sleeping...

Posted by canbuyla > 2021-08-19 11:09 | Report Abuse

Matang factory is still under EMCO...Many workers infected.

Posted by selesa2020 > 2021-08-19 11:10 | Report Abuse

https://www.freemalaysiatoday.com/category/world/2021/08/19/uk-study-shows-covid-jabs-lose-effectiveness-against-delta/

Posted by ks5S > 2021-08-19 11:58 | Report Abuse

emco over

https://www.thesundaily.my/home/four-localities-in-sabah-one-in-johor-under-emco-from-aug-20-to-sept-2-EY8221699

Posted by Flapxi > 2021-08-19 15:22 | Report Abuse

canbuyla - please do not make up fake -ve stories. Comfort’s EMCO will be lifted up this Fri

https://www.bernama.com/en/general/news.php?id=1994050

Posted by Dannyfyl88 > 2021-08-19 15:47 | Report Abuse

Gloves moves like our government. Back to Square One of hopelessness. Any uptick is sure to have a similar downtick. Depressing. The bloody Tiger is still sleeping.

Posted by selesa2020 > 2021-08-19 17:06 | Report Abuse

Danny, once it wakes up, it's a dragon.

Posted by Dannyfyl88 > 2021-08-19 19:47 | Report Abuse

Ya, I have dreams of glove 2.0 is just over the horizon. Everyone will panic buy as the momentum will just keep on going despite the sellings. Dream big...

Posted by IMwhatIM > 2021-08-20 15:54 | Report Abuse

Comfort Gloves is fundamentally sound company with low PE multiple of only 2X. I just checked a couple of tech stocks and their PE multiple is easily 50X.

It does not make sense for such a profitable company like Comfort Gloves to have that low PE multiple.

It is just a matter of time before investors rush to pick up glove counters again when they start to realise that what they now see is really " lelong price".

This is probably an opportunity of a lifetime to make big money in an easy way.

If you are stuck with Comfort Gloves at slightly higher prices compared to the current price, I don't see much problem in getting your money back soon.

Posted by IMwhatIM > 2021-08-20 16:22 | Report Abuse

Just to let you know that when Comfort WB was listed on 2nd day I whacked it at 39 cents. And also swapped a portion of the mother share for more WB.

It's good to have both. This is some sort of diversification. But when the mother share moves the WB will also move. If the mother goes up, the WB will go up in higher percentage. But if the mother goes down the the WB will come off in bigger percentage.

My view is that the mother to already at " dirt cheap" prices and it is much more likely to go up than to come down.

These are my views and what I have done. Different people see it differently. This is not a recommendation to buy or to sell.

Posted by BrusaCasino > 2021-08-22 14:27 | Report Abuse

Lau family dumping all the warrants

Posted by Keyman188 > 2021-08-22 17:17 | Report Abuse

Hartalega净利追上顶级手套！手套板块接下来的展望如何？(手套板块看法更新，2021年8月3日) - 陈剑


## https://klse.i3investor.com/blogs/kianweiaritcles/2021-08-22-story-h1569862563.jsp


READ...Is it time to wake up or time to examine!!!...

Posted by selesa2020 > 2021-08-23 08:39 | Report Abuse

Aiya, it's up to investors, some play the gambling style as per vid, exit before actual profit peaked.
Unlike previous epidermic, this covid not gonna disappear anytime soon. So Glove still continue to make profit, IBs downgrades when warning plateaued or dropped, so what? Afterall, this is Bursa bet.

Posted by Bgt 9963 > 2021-08-23 08:50 |

Post removed.Why?

Posted by Dannyfyl88 > 2021-08-23 10:25 | Report Abuse

Morning... Well, gloves are dead. All monies in Tech with crazy valuation. Have to wait LT for this to wake up. In the meantime, this gives me time to get new bullets and buy. What a bargain now... Scrap metal price... with huge money-making QTRs to come.

Posted by IMwhatIM > 2021-08-23 10:58 | Report Abuse

The politicians are in reconciliatory mood which is good for the market.

Glad to see that prices of glove counters especially Comfort are not falling off the cliff this morning. It shouldn't be as it is already " dirt cheap".

It's time for the price to come back as we are beginning to see better days.

Posted by sakurako > 2021-08-23 17:11 | Report Abuse

today is still not the day... gigit jari waiting

Posted by Dannyfyl88 > 2021-08-23 17:16 | Report Abuse

Gloves have the Worst day to date. Last year same time... best days... WTF... how quickly things turned...

Posted by sakurako > 2021-08-23 17:28 | Report Abuse

last year covid num vs now :P

Posted by 5c0160 > 2021-08-23 18:10 | Report Abuse

possible to drop to 1.50?

Posted by BrusaCasino > 2021-08-23 20:26 | Report Abuse

Anything is possible

Posted by smyang11 > 2021-08-23 20:37 | Report Abuse

I think comfort fair value is RM0.80 due to the fact that, ASP is dropping. So glove is considered as “non growing” business.

So share price will further drop.

Posted by Beltland > 2021-08-23 21:08 | Report Abuse

KLSE is a different type of share market, the value of share price not determine by P.E ratio of the company but on the interest of IB and major trading syndicates .

Example :
Comfort P.E ratio 2 Nobody complains and ask the question why so low ?
Eupe P.E ratio 2.23 Nobody complains and ask the question why so low ?
D &O P.E ratio 83.34 Nobody complains and ask the question why so high ?
HongSeng P.E ratio 407.59 Nobody complains and ask the question why super high- ?

So, what is the reasonable forward P.E ratio ?

In Hong Kong , Indonesia,Thailand, S Korea, Japan or Singapore share market there is consensus minimum acceptable market P.E ratio.

Conclusion : KLSE don't always apply P.E ratio to determine the value of share price.


Trade wisely !


Share market is a money game most of the times,it's a zero sum game .Last year IB lost of a lot of money on Call Warrant convert value to retailers ,so if they push up the underline share price again this year accordingly to the P.E ratio theory in which will involve another big profit to retailers. So they must suppress the share price down unless there is a third force to challenge them ! Where is the third force ?
18/08/2021 11:14 AM

Posted by Bgt 9963 > 2021-08-24 08:43 |

Post removed.Why?

Posted by BrusaCasino > 2021-08-24 10:00 | Report Abuse

People think that TA can actually work on brusa is quite next level. This market manipulated by IB and syndicate so easily because liquidity low

Posted by BrusaCasino > 2021-08-24 10:01 | Report Abuse

Using TA is like playing chess, but syndicate playing checkers

Posted by Shines > 2021-08-24 12:43 | Report Abuse

Agreed lots of maniplaters in Bursa. Good ones down, teruk ones up

Posted by Dannyfyl88 > 2021-08-24 16:26 |

Post removed.Why?

Posted by IMwhatIM > 2021-08-24 19:03 | Report Abuse

Bursa has gone up quite a bit yesterday and today. I believe the 2nd and 3rd liners will follow suit. I am feeling optimistic that the glove counters especially Comfort will move up too in the next few days.

Posted by thlim123 > 2021-08-25 10:13 | Report Abuse

The price cannot sustain, wonder why? Seem like some group or somebody don’t want the price to go up

Posted by Dannyfyl88 > 2021-08-25 11:25 | Report Abuse

Ya thlim... it also seems like it won't go down. The main reason for the slow movement is the lack of IB funds to buy in. It is all about the big money. Now the big money in Tech at crazy high price. Also, as with ALL counters, it is cyclical. Things might come around for gloves. Have to wait for the bad sentiment to clear. Nothing will stay depress when the company is making good crazy money. Like I said, all counters only wish they can make half of what gloves can...

Posted by thlim123 > 2021-08-25 13:42 | Report Abuse

Yup totally agree. Just have to wait

Posted by IMwhatIM > 2021-08-26 07:12 | Report Abuse

There are big buyers of WB at this level. They control the prices they wish to pay and the weak holders have no choice but to sell to them at these prices.

They have been controlling the prices tightly for the last 3 weeks. Once they are done with the buying they will then push it up to sell.

This is how they operate...... buy low and sell high. So, if you have the holding power, there is nothing much to worry about. Let them do whatever they want and there is one thing for sure which gives comfort to all........ and that is they have to push the price up to sell on a later date.

Have an exciting day in the market!!

Posted by selesa2020 > 2021-08-26 09:20 | Report Abuse

https://www.google.com/amp/s/www.bbc.com/news/uk-58317617.amp