it is a waiting time to buy... really oversold... ASP pre pandemic price is just a prediction. That depends on how much shortage gloves will have next year. I think it will have a certain demand due to the long term Covid effect.
There is still a shortage this year and next. China still needs to get the natural resources for Gloves from SEA. It is not like Chips. ASP will go down but will stabilize next year with price-fixing at a certain price where all businesses will know what to sell to make money. Also, all gloves companies will certainly make more money than Pre-Pan. Gloves are oversold.
I strongly believe people who are in the know of the operations in Comfort are happily buying up WB because warrants tend to rebound faster than the mother shares.
I believe the latest quarterly result are not as bad as what many out there have assumed.
This is only my view and is not a recommendation to buy or to sell.
The PE multiple of Comfort is unrealistically low. It shld not stay at this price for long. Only investors who don't understand what is meant by " over-sold" are selling today. I am pretty sure they will NEVER get back this price in the future.
Only the steel-hearted investors are brave enough to pick it up.
Ya, it is part of investing... it goes up and down. Gloves got it bad this year... but not going to be bad forever as they are still making money and much more than before. Anyway, just a matter of holding power. CL if cannot tahan... buy if got extra. it is at bargain price now
If the EPS for this Quarter drops 25% followed by 20% drop for each of the next 2 quarters and the price maintain around RM 1.30, the projected P/E will still be around 2 and should be a good bet.
P/E of 2 is just ridiculous for a money making company... But that is how Bursabet is. Bet on the wrong horse... Pay...even if it makes hundreds of millions.
Mother and WB are moving up fast. I believe people who are in the know are buying up now. It looks like the qtr results are likely to be better than expected. That explains why the mother and WB are moving so fast now.
Sure, why not. Also why pay 2 sen dividends? Since so stingy, might as well pay a bumper windfall tax to government.
:)
Full support Malaysian govenment to take their money. Please!
____________________________________________________ Benny1123 Good quarter result is not important now, haha people like to Prees down the price... Until RM 1.00..soon.
NTA 1.54, if next quarter can earn 10-16cents will be NTA 1.64-1.70. Cash on hand 377mil. Current market cap <800mil. Very expensive to buy in at this price 1.36?
Just read what are the stocks that Ah Jib Gor mentioned to help rakyat ! Glove stocks havent die yet , it will skyrocket again soon , the next PM after GE 16 might be Ah Jib Gor n first thing he will restart HSR project with Spore , 2nd he will push malaysia glove stocks , he is like Donald Trump familiar with stock market game !
EPS 25 sen but so little dividend 2 sen very disappointing for Comfort investors and expecting next QR EPS drops 30%+ to 15sen as ASP normalize early next year
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Posted by Ryan83 > 2021-09-20 11:12 | Report Abuse
The pandemic will be with us but ASP will drop back to pre pandemic price next year