although I am long term negative on glove, the current depressed price for some counters are quite unreasonable. For example for comfort, the EPS for last 4 qtr is RM1.02, which is almost equal to today closing. If the company to pay all this RM1.02 to share holders as dividend, then we are talking about u only pay 4 sen per share to own the company which is ridiculous. I think net cash per share for comfort now is about 50 sen.
Imaging if glove want evade certain bad events , why big hand use this rotten tactic , eligible last two quarter is such 500% profitable , i am a professional in this field also , select surrender , it is MONOPOLY GAME ALIBABA .
This against evidence on third power roof is major in this GLOVE sector , possible is BLEACHING GROUP , huge BAD CORPORATION operation , with HUGE DIRTY MONEY .
REASON PRICE for me , COMFORT all time on LATITUDE UPPER LINE UP ....at least 2.80 .....if FAIR GAME .....it is STABLE GROWTH STAGE , consistent PICK UP GROW FACTORIES .
Oversold like shit already... Like rubber band...overstretched and a matter of time it blows. Let's see if this run up next week... If shorts fails, lagi more run up...
Almost a certainty that it is on the way up. The volume of more than 6 million units done for WB says alot. Looks like the last chance to average down is until 4.45pm today.
Looks like the happy days for Comfort mother and WB are back again. WB close at the high of 26.5 cents. The signs are that it will go higher tomorrow. The mother share will follow.
It looks like there are not many weak holders left for Comfort mother and WB. It makes no sense for the syndicate to push the prices lower cos there are not many who are selling at these prices.
The next best thing is for the syndicate to push the prices up to off-load and realise their profits.
So if you have not bought them to average down your cost, I believe there is no better time than now.
I believe it is not difficult for the mother share price to double when the PE multiple is currently only 1.2x.
Remember that it is in the interest of the company to see the mother share go beyond RM2.30 as that is the conversion rate for the WB to mother share.
The company stand to collect RM400 million if the holders of WB convert them to mother shares.
Year-end window dressing is coming up. Generally stock prices will go up for " dressing-up purposes ". Because share prices are very low especially glove stocks, there is a good chance their prices will be pushed up especially Comfort mother share and WB.
This is just my personal view. Nothing more than that.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Bgt 9963
7,445 posts
Posted by Bgt 9963 > 2021-11-11 09:48 | Report Abuse
Hold !