Posted by karimboss > 2020-05-20 11:21 | Report Abuse

https://koonyewyin.com/2020/05/20/comfort-price-correction-overdone/

OTB mari comfort jo, apa u tunggu

Posted by karimboss > 2020-05-20 11:22 | Report Abuse

Koon Yew Yin 20 May 2020

Yesterday the share prices of all the glove makers including Hartalega, Top Glove, Kossan, Supermax, Comfort, Rubberex and Careplus without exception dropped due to profit taking. It is unusual in the stock market for all these shares in the same industry to dropped simultaneously. However, people always follow the crowd, like a herd of saheep. It is called a herd mentality as demonstrated by the picture below.


As I said before, due to Covid 19 pandemic, the demand for gloves far exceeds supply. As a result, the glove price continues to go up higher and higher and all glove makers are making more and more profit which is being reflected on their share prices. This situation will continue until Covid 19 in under control. Many scientists predicted that Covid 19 pandemic will not be under control for at least another year until a vaccine is discovered and approved by FDA of USA.

As I said before, no stock can continue to go up or down for whatever reason. After sometime, it will change the trend direction. In the case of Comfort, I believe the price correction is overdone. It should rebound soon, likely today. You can see a 1 month and a 5 days price charts below for your reference.



By the way, last night Mr Ooi Teik Bee sent out his weekly share recommendation circular to all his subscribers. His target price for Comfort is Rm 5.56.

I think Mr Ooi Teik Bee will not mind if I re-product part of his recommendation for Comfort as below:

How I derive Profit before tax of 216 million in FY 2021

FY 2021 starts from February 2020 to January 2021.
I take the revenue of Q4 2020 result to be used to calculate PBT.
The price increase on glove is 30% in FY 2021, PBT= 139 million * 30% = 41 million.
The average PBT in Q4 2020 is around 13 million, total PBT = 41 + 13 = 54 million.
I assume the PBT per quarter in FY 2021 is 54 million per quarter.
I did not take into consideration the production cost reduction in term of lower raw material cost.
I also did not take into consideration of the 12% capacity increase in 2021.
I assume 25% income tax, below is my projected PAT for 2021.
Stock Year Price Revenue PAT EPS PER Target price Gain %
Comfort 2021 2.05 556 162 0.28 7.38 5.56 171%

Posted by karimboss > 2020-05-20 11:22 | Report Abuse

Cepat Join Us Comfort

Posted by ongkkh > 2020-05-20 11:31 | Report Abuse

DK66 and Ah Seng, Kindly added me. Thanks

Posted by kevinobc > 2020-05-20 12:04 | Report Abuse

JAKS 1.30 SOON

Posted by kevinobc > 2020-05-20 12:05 | Report Abuse

https://www.theedgemarkets.com/article/jaks-resources-may-rebound-higher-says-rhb-retail-research-1

Posted by jimmyp > 2020-05-20 12:05 | Report Abuse

DK, PLs add me in

Posted by johnmasino > 2020-05-20 12:05 | Report Abuse

WOOHOOO!!!!! Untung contra man! Sold JAKS at 1.04 and bought back at 1.01!!LOL...not bad..not bad! LOL

Posted by johnmasino > 2020-05-20 12:07 | Report Abuse

Untung a few hundred thousand..LOL

Posted by chooteongann1967 > 2020-05-20 12:33 | Report Abuse

Hi DK
Pls add me to your private discussion room. i hold Jaks, thank you.

Posted by JJchan > 2020-05-20 12:53 | Report Abuse

consolidation takes longer than expected. I think O & G rally on Monday takes a big chunk of punters away. Alot of catch-up to DSO 1.30 range but within firing range

Posted by roytheinvestor > 2020-05-20 13:13 | Report Abuse

Hi DK66, don’t mind to add me too. Thank u.

Posted by DK66 > 2020-05-20 13:17 | Report Abuse

PLEASE ACTIVATE YOUR I3 MESSENGER BY CLICKING ON THE MESSENGER ICON

Posted by caveatemptor2050 > 2020-05-20 13:21 | Report Abuse

Please register me

Posted by ssoo2589 > 2020-05-20 14:05 | Report Abuse

Hi, please register me TQ

Posted by PN17player > 2020-05-20 14:25 | Report Abuse

DK,pls add me

Posted by harmie > 2020-05-20 15:13 | Report Abuse

DK please add me. Thank you.

Posted by Henry8833 > 2020-05-20 15:38 | Report Abuse

I believe it will be jaks turn soon. COD is so near and i believe mgt will disclose more info on power plant in the quarterly announcement

Posted by csyong71 > 2020-05-20 15:58 | Report Abuse

pls add me, thanks

Posted by fairjimmy > 2020-05-20 16:00 | Report Abuse

hi Dk, can you include me in your chat group thanks

Posted by pputeh > 2020-05-20 16:03 | Report Abuse

Anyone here can explain how to post messages on Jaks Chat group. I am in the group but unable to post. I use a desktop

Posted by DK66 > 2020-05-20 16:05 | Report Abuse

Do you see a "enter message" box at the bottom of the page ?

Posted by pputeh > 2020-05-20 16:16 | Report Abuse

Yes I do DK66. So message to be typed there. Tried it but my post appears on right side but not on left like others

Posted by DK66 > 2020-05-20 16:27 | Report Abuse

pputeh, it works just like any other messengers. Your messages appear on the opposite side.

Posted by pputeh > 2020-05-20 16:40 | Report Abuse

Thanks DK66 much obliged and appreciate yr patience

Posted by DK66 > 2020-05-20 16:57 | Report Abuse

you are welcome
----------
pputeh Thanks DK66 much obliged and appreciate yr patience
20/05/2020 4:40 PM

Posted by DK66 > 2020-05-20 17:06 | Report Abuse

added
--------------
fairjimmy hi Dk, can you include me in your chat group thanks
20/05/2020 4:00 PM

Posted by DK66 > 2020-05-20 17:07 | Report Abuse

added
------------
csyong71 pls add me, thanks
20/05/2020 3:58 PM

Posted by Rookieinvestor > 2020-05-20 17:10 | Report Abuse

please include me in the chat group

Posted by karimboss > 2020-05-20 17:29 | Report Abuse

OTB stockpick comfort n supermx huat ah

Posted by Jtchong > 2020-05-20 17:49 | Report Abuse

Hi, DK.
can you include me in your chat group, thanks.

Posted by DK66 > 2020-05-20 17:52 | Report Abuse

May I suggest those who want to join the group chat to use the i3 messenger to text a message to iamxuewen (Aseng's ID) to make a request.

Posted by trader101 > 2020-05-20 17:52 | Report Abuse

Hi DK, please include me in the chat group, thanks.

Posted by trader101 > 2020-05-20 18:00 | Report Abuse

Hi DK, I've texted to Aseng, no response yet.

Posted by michelle36 > 2020-05-20 18:23 | Report Abuse

Hi Ah Seng, pls add me in the private forum, thks.

Posted by Momommmmmm > 2020-05-20 19:01 | Report Abuse

Hi ah seng pls add me in private forum

Posted by kiddingright > 2020-05-20 19:26 | Report Abuse

Hi ah seng /DK66 pls add me in private forum : )

Posted by Aseng > 2020-05-20 19:29 | Report Abuse

My good friends


I am available here

https://klse.i3investor.com/blogs/Jaks%20resources/2020-05-17-story-h1507086165-Jaks_Resources_A_Private_Discussion_Room.jsp

Posted by harmie > 2020-05-20 19:37 | Report Abuse

Aseng please add me . Thanks

Posted by roger3210 > 2020-05-20 19:39 | Report Abuse

WaH aseng now talk here, aseng no shares just invest by mouth

Posted by i3lurker > 2020-05-20 19:41 | Report Abuse

wah

aseng BFF is here

Posted by roger3210 > May 20, 2020 7:39 PM | Report Abuse
WaH aseng now talk here, aseng no shares just invest by mouth

Public Bank warning=>
"All told, we are still wary over the various dilutive equity fund raisings done so far to meet its liquidity demands and the poor execution especially on its property business."

[This information from Public Bank is brought just for you from i3lurker the liar with bad behavior and no credibility inside i3 forum.]

Posted by i3lurker > 2020-05-20 20:01 | Report Abuse

aseng see roger3210 immediately run away

Public Bank warning=>
"All told, we are still wary over the various dilutive equity fund raisings done so far to meet its liquidity demands and the poor execution especially on its property business."

[This information from Public Bank is brought just for you from i3lurker the liar with bad behavior and no credibility inside i3 forum.]

Posted by Aseng > 2020-05-20 20:07 | Report Abuse

harmie,

done

Posted by Aseng > 2020-05-20 20:08 | Report Abuse

kiddingright,

done

Posted by Aseng > 2020-05-20 20:09 | Report Abuse

Momommmmmm,

fail to add

Posted by Aseng > 2020-05-20 20:10 | Report Abuse

michelle36,

fail to add

Posted by Aseng > 2020-05-20 20:11 | Report Abuse

trader101,

trader101

Posted by Aseng > 2020-05-20 20:12 | Report Abuse

Jtchong,
fail to add

Posted by Aseng > 2020-05-20 20:12 | Report Abuse

fail to add = may be already added

Posted by Aseng > 2020-05-20 20:14 | Report Abuse

Rookieinvestor,

fail to add