Followers
0
Following
0
Blog Posts
0
Threads
4
Blogs
Threads
Portfolio
Follower
Following
2016-01-05 22:56 | Report Abuse
This article wrote on 1 Dec 2015... Can use it for reference.....
Special coverage on Comfort Gloves BHD.
Almost all the gloves companies staged 'mini rally' except Comfort Gloves recently. It a unfortunate situation for Comfort even though their Quarterly result keep improving. Comfort started to move early July when the news is out about early upliftment from P17... In short period the company share price came down again along with KLCI due to political challenges as well major correction of KLCI which lasted for 2 months... It unable to move up again in October as their warrant about to expire in December. Since then it share price remain low. Recently they announce a RM20 million plant expansion due to increase in sales. That show the company is growing very well in term of sales. The company expect to generate additional cash from warrant conversion where they will use it for current expansion as well cash reserves for future expansion... An estimation of RM50m will be received from the conversation of its warrant... Now the situation is different. All the major blocks are cleared... It is time for Comfort to grow in term of their share price...The upcoming Q result expect to be very good. Time to grab it for Midterm to Long-term. Target price RM1.20 by End March... All the best
2016-01-05 21:42 | Report Abuse
A good company .... Can keep this shares for Midterm... Many good news on track....
2016-01-05 21:30 | Report Abuse
It is a good company... It share price just started to move up since December as it was unable to move up earlier due to many Technical reason such like P17, warrant expiry, etc. Their plant expansion plan also on track with internal fund esp from warrant conversion... Good to keep this counter for Midterm... Now going thru a healthy correction, get in soon before late... Just an advise... Decision is yours.
Stock: [COMFORT]: COMFORT GLOVES BERHAD
2016-01-06 11:52 | Report Abuse
Once again don't miss the boat... Check my earlier comments... All the best... Anyway make your own decision... Mine just an advise only....