Ya, I will wait till this drop again to 36c. Gloves are dead. Chinaman killed the market. Equalibrium in 2026... that is 2 years from now. WTF... will have to wait more than 10 years for this to go to RM2 again.
Worth to re-look at Comfort. If Comfort also can turn-around and make profit, then Glove industry confirm is return. Just a wild bet, hope can see that Comfort deliver a :- a) Revenue increase RM90mil b) Gross Profit at RM15-18mil. c) Net Profit at RM3-5mil.
OMG, even the most lousy HEXCARE also can start generate profit.. Comfort boss, can you explain what happen to your operation? Why Hexcare ASP and volume has gone up, while yours ASP and Volume is go down?
Ok la, although still loss making, but at least can see losses is reducing, and revenue is increasing. If exclude the Inventory Written Down of RM3.8mil, the result will be even better.
Need to revise the company business plan with China Players flooding the Market. Need to cut down and refocus on other business as this will take at least 2 years to breakeven. However, it gives me more time to buy it slowly to average down. Gloves is pretty much dead for the next 2 years with NO support from IB or government. Sad...
What a joke... lost like shit... This glove mistakes caused me 10 years of lost opportunities. Totally failed investment... Life lesson. Let's see how long to get back my money if any... looks like 20 years or Never. No more Bursa or any Malaysian stocks... All BS.
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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....
Seeking
38 posts
Posted by Seeking > 2024-02-22 10:50 | Report Abuse
Not dead. Profit. Didn’t buy Cessna.