Xiaoqing88 Blog
COMFORT - Red Flag Cautious on over valuation
From 30 April till to 22 May, Dato’ Lau had sold 18.784 million shares from low
of RM1.40 on 30 April to a high of RM2.89. Datuk Lau weighted average selling
price for the 18.784 mil sold was RM2.20
All the disposal of shares were done thru open market deal. I do not think it is
passing of blocks of shares to operators to goreng. If it is intended for
operators, it would more likely by DBT
The DISPOSAL COULD POSSIBILY reflect the fair value price of Comfort share.
IMHO, Dato Lau was unlikely or could not be wrong to sell Comfort shares
from RM1.40, “given his position”, he could know the business prospects and
projected profit based on operating full capacity of all plants. His disposal
could reflect market price being more than fair valued very much below
yesterday closing of RM2.86.
Market could have wrongly priced Comfort shares and had probably misled by
operators pushing the share price up daily with current “GLOVE THEME PLAY”
Below is the summary of the announcements.
MESSAGE FORWARDED FROM MR. TAN PENG LAM's Telegram.
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Discussions
2 people like this. Showing 49 of 49 comments
I agree... when he is selling so much, something is not right. I never bought any and dont plan to. Buy this better buy Genting or GenM. At least I dont see the Lim family selling any of their shares.
2020-05-24 11:12
Sleepless night buying comfort. Every night must think wat wil hapen to comfort tomorow morning
2020-05-24 11:21
I have cleared all except keeping 2 lots cos of fear of losing out.
FYI, when uncle put out the TP 5.50 its for 2021, after several quarters of reaching targets.
2020-05-24 11:46
kossan director also selling . but the share price keep on going up after they sold.
2020-05-24 12:39
Day day sell day day up sell more up more. How many stocks do u dare to sell 5% 10%? In this super bull run glove time. How many u sell market still can just simply absorbed. Continue up until u and me can't believe ur eye.
2020-05-24 13:35
Red flag means that u don't buy first let me buy first later u come OK.
2020-05-24 13:39
you only sell in this superbull market, when all the casinos start to open back (but i don;t think can as everyone scare to mix together and with no social distancing). Probably gen m would close shop soon in this new normal with every quarter loss 499 mil.
2020-05-24 13:44
Normally top article buy call. But normally share price can not up one. This red flag guy this time did a good job. Sure comfort can gap up to 4 5 6.
2020-05-25 00:40
So RED highlighted the Keywords: wrongly priced, misled by operators.
Screening of 'There Must Be Blood' in Comfort theater?
Normally the opposite will happen.
2020-05-25 00:53
I know this guy who wrote this.tan peng lam.lol.he had been shouting overvaluation since 2.3,a sour grape for sure....
Take for example,gold price rises all the way up higher.u say its over valuation?lol
2020-05-25 01:25
Very simple way to tell the trend:
PRICE ACTION dictates the course of all stocks.
GLOVE was super up with oversize max increases everyday for 6 best consecutive weeks in history.
Every week works until it can't
2020-05-25 02:57
profit taking everytime when opportunity arise, that't the name of the game in speculate stocks, listen but do not practice all grand mother stories.
2020-05-25 08:21
Comfort coming quarter result which will be released in June 20 will be super good. People buy Comfort is because coming quarter result will be very good. Besides that, Comfort is most undervalue compare to other glove stocks.
2020-05-25 12:09
This counter is no where near the current value. All hyped up to trap gullible traders so that a few individuals can make big profits from this current pandemic. As usual, memories are short and even the major shareholder is selling like there is no tomorrow. Be safe and buy shares with known established businesses at big discount today. Better be safe than sorry as the price and production increase of gloves in this stock cannot matched the exponential price increase. You will see this when Comfort report its quarterly result soon. Don't get con by a few individuals with vested interest promising the sky before it's too late.
2020-05-25 12:51
everytime sell, it moves to the new height
better don't sell and keep until uncle tp
those sold, have to buy back again. Cannot tahan seeing the price continue go up
2020-05-25 13:15
https://youtu.be/fLVIWe8GlKI
don't argue listen to sifu advise on IRUB....wakkkakakakkka
2020-05-25 14:02
this red flag is raise by stupid people that don't know what is a superbull run
In a superbull run, all the PE can throw into the drain.
maybe they never experience semiconductor/electronic superbull in 1993 where mpi go up from 5.00 to 50 per share
2020-05-25 14:28
during the 1993, microsoft windows start being use by every computer in the world. Semiconductor is in superdemand .
now 2020, the gloves will be start being use by all the people around the world. Glove is in superdemand
THIS IS CALL SUPERBULL RUN .
2020-05-25 14:34
Gloves stocks reminded me the times of Masteel, Lionind, Hengyuan, Petronm... Surely the QR will support the share prices to go up, until it isn't... Needless to say many who shout buy at this level will disappear from I3 forum soon, IMO before end of this year.
2020-05-25 15:16
Please do not sailang into any stock or industry, always exercise caution. Be aware of your own greed and FOMO, and do what you can to prevent losing more than you earn.
2020-05-25 16:06
Philip ( buy what you understand)
Very interesting question. What is the answer?
When you buy the drink stall at the island, what price do you pay?
1. Offer price based on the profit when the cruise ship came to town?
2. Offer price based on the other 360 days when there is no cruise ship in town?
If someone offer you the first price, then you should happily shake his hand, sign on the dotted line and say thank you!
2020-05-25 18:52
Philip ( buy what you understand)
Then how come director sold 14% of his holdings in one month? He made 40 million woh, why do that if gloves is going to be superbull forever?
>>>>>>>
HawkEyes Comfort coming quarter result which will be released in June 20 will be super good. People buy Comfort is because coming quarter result will be very good. Besides that, Comfort is most undervalue compare to other glove stocks.
25/05/2020 12:09 PM
2020-05-25 18:55
Yes
Every bull run there is a theme play
When pm badawi implemented 9mp Calvin bought all cement companies
All cement companies like cima, cmsb, ytl cement, tasek and lafarge up 100% to 500%
Long steel also up at the tail end of cement bull run
When ringgit crashed against USD furniture export stocks like pohuat, lihen, latitude, hevea went into multi year bull run
Oil up Usd70 Petronas implemented Rm30 billions Ogse upstream triggers bullrun in dayang carimin uzma naim and Penergy
So covid 19 is the catalyst for glove facemask and sanitizer bull run
It only started in March 2020(2 months only)
Long way more to go up
2020-05-25 18:56
if you can make more than 100% profit i see no reason you should wait for QR result. profit taking is the safer way or you will have sleepless nite. I had nightmare on my comfort and rubberex share, finally sold after the third times run. i though i miss it when it go down when US company announce Vaccines found.
2020-05-25 19:31
If This director smart should sell all his share good price now. Did he willing to sell all at 3 since got large profit? The only reason is he need money to tutup other lubang.If over value why other directors didn't sell? The only only only reason. HE NEED CASH.
2020-05-25 21:42
KYY very high chance to be the new substantial shareholder. Win from big 4.Buy in this potential big 5 for free.
2020-05-26 10:28
A new shareholder emerging in Comfort? Are you joking? Didn't he said that he loss 90% of his wealth in Dayang? Who is going to lent him so much money these days to ramp up the shares? Unless it's not true. Then his credibility is zero, shssssssh......
2020-05-26 11:43
This time super.investor might likely SELL on the way up n up w the right timing HELPER;
taking Sir Templeton's advice "he sells too early in every stock".
n Nobody loses by taking PROFITS...
Being super special, Gloves set record, up 3 to 4 folds from their mkt prices recorded just 6.5 weeks ago.
Note on retail stock:
i. 1000 players want to buy, stock flies
ii. At the high finale, 1000 players want to sell, stock drops like crazzy, usually could limit down!
Most great winning stocks on klse took 1 to 1.5 yrs to go up perhaps 2 to 3 folds only.
2020-05-26 12:43
riverstones SGX listed profit margin is about 12-13% but valuation only 20X 2020 compare to Malaysian listed net margin of 7-9% but valuation range from 35 to 45X 2020.
2020-05-26 14:48
there is another another company MEDTECS INTL duo listed in TSX and SGX
valuation only 4x 2020. price differences in Taiwan TWD6.91(SGD0.3275} and SGD0.192. same company, same shares.
2020-05-26 14:53
Riverstone up 12.83% and Top Glove up 14.4% in SGX today.
Comfort will fly high tomorrow.
2020-05-26 15:58
UG HEALTCARE glove sector, seremban company listed in sg,thier products mostly sell in own brand.today a lot of volumn and the price up 4.5cts to 37.5cts(sg dollar).watch out...........
2020-05-26 16:07
bware loh...many auntie auntie are already into gloves maker stks...infact many even dabble with the call warrants not knowing the actual calculations....all they know is u just buy and make 1.50 easily. like all super bull when (IF it ends) the party ends the sob stories are all the same.
2020-05-26 19:40
Florence green flag for all glove counter tomorrow morning.Go go go up up up 4 5 6 coming......
2020-05-26 21:49
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All glvoe stocks are now way overvalued! We all know that! But syndicates are milking it to their advantage! Honestly, i don't know the crash point as my max prediction already pass effortlessly! All i can say is, high risk high crash! Decision is yours! Playing with peaks is addictive game for gamblers! i opt for low risk high return!
2020-05-24 11:05