According to Malaysian Rubber Glove Manufactuters Association (MARGMA), global glove demand is about 330 billion pieces per year & estimated to grow at 10% annually
For 2021 global glove demand is expected to grow to 396 billion pieces versus the total production capacity of Malaysian glove factories of 280 billion pieces
While for 2022 global glove demand is expected to expand further to 475 billion pieces against the projected total production capacity of Malaysian glove factories of 363 billion pieces
While also, a research analyst from a local IB has also written that covid-19 vaccine deployment could in fact add another further new demand source of 18 billion pieces per year, assuming that 60% of the world's 7.5 billion people gets their vaccine in two doses annually
Today, the demand for rubber gloves is so overwhelming that major rubber glove manufacturers have an order waiting list of more than 12 months, a few extending to twenty four months, some up to even thirty six months
im very happy to see that this forum page has less ppl talking about it now coz everyone knows what a scam this company is.i hope everyone sold during the fake bull trap during the mco2 rumour to protect your capital. Alright goodbye now let the directors eat shit and not us
Worst drop on gloves today. WTF. I think the party is over. The management needs to wake the F up and do something. But then again, it is on little differences as the sentiment is bad bad bad for the next few days.
Haiya, if this counter no hope, people see 6 mths ahead, sure drop to rm1 and below by now. Same applies to all glove counters. Don't be fool by the IBs, it will rebound, might not be so high like before. Comfort MGMT do nothing at all, such greedy creatures. Declarelah bonus shares... I've been waiting from last year... How long need to wait? Till cow comes home?
This counter won't be 50c lah. You want to give this stock PE 1 meh?. Profits will continue to increase and be high for the next 2-3 years. Many big funds will snatch the tickets when it drops below certain level. RM1bil loss per quarter GENM also RM2.6 already.
If earnings hit historical high next quarter and cash pile increases, management should declare dividend and issue bonus issue as a reward for all their hardwork. This counter is way undervalued and should be RM5 at least. Some tech stocks earnings like Penta are not even close to Comfort.
Guy, do you know that even by only holding your share, your selfish broker can use your share to be short as nominees. I found that to avoid this, try to make an order to sell your share everyday at limit price so that your selfish broker cannot use your share for shorts.
By the time the actual price approaching your limit price, and if the limit price is still lower that your average price, just cancel the order, and if the price go south again, make the order back. This technique is to reduce the available stock for shorties. Detail explanation in the link below. Together we can kill this shorties.
Shame.... Holland since last high. I think party is over. Looking at tech... fly like shit with shit fundamentals. Some said gloves price triple but tech are the same.. from 2 to 10... 5X
Danny, the comparison already tell the truth. Both are overly manipulated. Still far far away from reaching pre Covid normality. If tech not getting the earnings as per those manipulators, then, the money will park somewhere with solid earnings.
Yes, Selena, some people talking gloves up 3-5x and now tech is the same .. 3-6X and with shit fundamentals...even making a loss. WTF. For gloves, I see a lot of selling pressures and shorts due to bad sentiments. This counter really taking a beating. Next earning will put the P/E at 4.x. Really beaten to shit....
2.5... I think it will come. Start to add bit by bit .... so cheap now. At this price, the forward earnings to 2022 will set the P/E at 1.x... which will the cheapest on Bursa...WTF.
End of Feb. P/E with the same EPS will be around 5. WTF. Slowly, the gloves counters will be single digit P/E.. if their prices are suppressed. Start buying again...got new bullets. Have been looking at other sectors, but nothing looks as good as gloves in terms of fundamentals and the recent 50-70% correction.... no better bargains out there.
Stock market is all about holding power and waiting game. So if you have stepped on some shit, but if have that two you are still able to keep youself alive. If you have a diversified portfolio things will not look very bad. That is the nature of stock market investments. Have to get used to stepping on shits from time to time.
IM... ya... Holding power it is. Got some bullets and looking to add but this is falling... Added a bit today. This specific glove counter drop the most these last few days. I think this was shorted heavily or just No buyers. Anyway, it is cheap now and will wait to add a bit more later this week...
Hold on to those with strong fundamentals. Those without a strong basis, you can go and goreng like ikan bilis, and finish tem without any leftovers. But, but to me, Comfort can be comfortably kept with comfort!!!
Yes, will add bit by bit... bottom fishing. This is really oversold given the good fundamentals for the next 2 years. WTF... Let's see how low can this P/E goes... After next 2 QTRS, the current price will yield and P/E of 3.x with. By next year, it will be 1.x... Cheapest P/E in bursa.
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....
Yeoh Andy
96 posts
Posted by Yeoh Andy > 2021-02-09 17:56 | Report Abuse
Don't buy this rubbish stock. Tp 0.50 Sellllllllllll