This falls together with Carepls, Rubberex... just brutal... Might be a buying opportunity if got bullets and don't mind the short term paperlost... Either way, it is just Terrible sentiment. Have to have strong heart or don't look at it for the next 6 months. FA still good.
Waits for Comfort quarterly financial result out. If can maintain the profit, price will go up bcs the investors are already price in the profit is dropping as other glove stocks, eg. Ruberex.
Drop already factored in long ago... Now it is Pre Pan level... really a terrible investment. Alot of people lose money in Gloves this year. I think it will take a while to recover. Hopefully can see some positive news soon. LT investment it is. FA is still great and a bargain now.
I feel that the selling of Comfort mother shares and WB is over done. But it looks like the selling is tapering off.
A couple of research houses have valued Comfort at around RM3.20. And I still believe it shld easily come back to RM3.00.
With improved sentiments it shld not have any problem going back to at least RM2.50. In any case the mother share should find its way back to at least RM2.50 so that WB holders will convert them to the mother shares. I believe the Company will do whatever it can to move the price to that level so that it can raise abt RM400 million from the conversion exercise.
Don't you honestly think the company will give its best shot to raise the RM400 million by ensuring the mother share price goes to at least RM2.50?
It is interesting to know who have been the major buyers of Comfort mother shares and WB last few days. These are the people who are likely to benefit from the senseless fall in the prices.
They are steel hearted and they know what they are getting into. Congrats to them!
@imvu boss will keep selling wb.1 mother share=$2.30+wb,if boss sell wb now take 0.37 cash,so 1 mother share=1.64-0.37=1.27.Will u pay more than $2.30 to convert if u can get it 1.27?
Yes, congrats to Comfort too! I do not own any Comfort shares. But I have never talked down on this counter so far. I only highlighted the extra high risks of buying its warrant.
Sure Calvin... it is Far from Over... Gloves demand might be down but certainly Not to Pre-pan level. The prices on all gloves counters are at Pre Pan level now..so risk is very low. Also, you are Talking about China. China does not buy gloves from Malaysia and so secretive. Neither does US. So... it is subjective. The PA is negative but it will rebound somehow. Everything has a price and at the price, it's cheap... like buying a Merc at Proton price. Let's see how low this goes, I consider this investment LT now..only paperless. Don't need the money now. FA is still good and the earnings will stabilize next year...hopefully will up slowly. At this P/E, even at 10 times less sales, it is still under 20.
I have this strong feeling that the quarterly results that are coming out are not likely to be that bad as to cause Comfort WB to fall by 30% over the last one week.
I believe some people took advantage of the initial panic selling by forcing the WB price down sharply so that they can buy them at dirt cheap prices.
I am quite sure the results are not likely to be so bad as to cause the WB to drop from RM0.50 to RM0.35 which is a massive 30% off.
I tend to believe that WB will rebound quite significantly once the results are announced. And those who took advantage of the initial panic selling will be selling upwards when the results are announced.
There are many of these smart people in the market place.
USA lifted the ban because they will start new n more tight tension trade war with China ! Maybe the PPE products will be the first target then china businessman will slow down expansions ! Mslaysia glove is still the NO.1 dominant in the world !
no, usa and china is in high tech trade war not ppe. i think it's all about the virus fighting back with variants and remember winter is coming in many parts of the world, gloves demand will pick up again very soon.
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Posted by Ryan83 > 2021-09-08 11:49 | Report Abuse
Coming QR profit this month maybe not so good and insiders start selling down?