then roe will push up further. i calculate d. It takes 18.5 years + double PE growth (10->20) to get 100 bagger for Comfort.
I believe in comfort and i think the ROE can be further exploited. I particularly love their 'no dividend' policy. To reinvest all earnings into growth at this stage of the business is crucial.
One must have faith, backup by numbers, to see if comfort can really perform or not.
it's kinda sad that i didn't discover this gem earlier. Due to warehouse burning last time it hurt their balance sheet for a while. But now I see this rising star in the glove business.
One major risk is comfort having major customers in their sales report. If i'm not mistaken, they depend on 2 major customers for the overseas. Need to confirm more on it.
Since they are already making efforts to penetrate the U.S. market, I see a huge market with Comfort manufacturing the special gloves.
15. Current year prospects Looking forward, market conditions remain challenging. Volatility in raw material prices continue to have a cooling effect on market conditions and demand. Substantial increases in the price of natural and synthetic rubber during the first quarter of the year was followed by a similarly substantial decline in prices during the second quarter. The market is still looking for some indication of stability in raw material prices. Other challenges include the strengthening of the Malaysian Ringgit against the US Dollar, which will require adjustments to current market prices.
The Group’s outlook remains consistent in our belief that natural and synthetic specialty examination glove demand will remain robust. While the segment cannot be isolated from forces affecting wider market conditions, the Group still believes there are additional opportunities and rewards in strengthening our focus on the segment.
In this quarter, the Group registered a net profit of RM10.1 million as compared to RM3.3 million in 1QYE17. The performance was significantly improved mainly due to the performance in 1QYE17 which was badly affected by the fire outbreak incurred in March 2016. A total loss of RM12.8 million was incurred in 1QYE17 in respect of written off of property, plant and equipment and inventory. The fire outbreak had slow down the operations and hence, lower revenue and profit were generated in 1QYE17.
==
had it not because of the fire, comfort would have soared long ago on increasing profit.
comfort this year profit of 7.2eps broke 10 year record, 2012 had exceptional items. the share price should break 10 year high too and should not stay at 2X P/B or 11PE.
game over . still talk 3 talk 4. tomorrow heavy throwing during opening.
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Posted by Alex Foo > 2017-06-29 12:38 | Report Abuse
now duwan run d, im comfortable here