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Overview
Financial Highlight
HeadlinesBusiness Background Comfort Gloves Bhd is engaged in the manufacture and trading of natural and synthetic specialty examination gloves. The company’s segment includes Manufacturing, Investment holding, and Others. The manufacturing segment is engaged in the manufacture and trading of latex gloves. The investment holding segment comprises of investment holding and provision of management services. Its other segment is involved in the trading of latex gloves. The company has two manufacturing plant located in Simpang and Matang, Taiping.
  Fklim888 hmmm exciting day.... next week onwards RSS and shorties pls go away... lol 16/04/2021 4:58 PM Dannyfyl88 Any green day is a good day. So quiet from the shorties. Cockroaches disappeared when sunshine appears. Next week Red...they will come out again. Trust me... never failed. Formula 1/10 or 10/1? Still confused. 16/04/2021 5:31 PM IMwhatIM Do what you want to do and be what you want to be. Only the fittest will survive. 16/04/2021 7:46 PM Goldberg LATEST ON GLOVES SECTOR Demand Remain Robust Massive resurgence of Covid 19 Citing the World Health Organization, Bloomberg reported that Europe has surpassed one million deaths from Covid-19 and the situation remains “serious”, with about 1.6 million new cases reported each week in the region. Malaysia also saw the new Covid-19 cases increased further yesterday to breach the 2,000 mark with 2,148 cases. The last time the country registered daily new infections above the 2,000 mark was on March 5 with 2,154 cases. ASP - Still Strong However, we do not expect ASP to fall off a cliff despite average lead time being reduced from 300 days in early Jan 2021 to 200 days currently, compared to 20-30 days pre-COVID-19 supported by post-pandemic demand growth averaging 15%-20% per annum. ASP trend is expected to soften next year albeit at a slow pace on the back of still robust demand. Malaysian glove players which commands 68% global market share and have consistently evolve and innovate in terms of capacity, products and plant modernization via automation. Global demand growth at 15-20% per annum post-COVID-19. According to the Malaysian Rubber Glove Manufacturers Association, the global shortage of rubber gloves will sustain beyond 1Q 2022 with growth rate averaging between 15% and 20% per annum going forward compared to pre-COVID-19 of 8%-10%. Heightened Hygiene Awareness Heightened hygiene awareness extending beyond the healthcare sector. Incremental volume growth is expected from new users of examination rubber gloves including nitrile and latex-based ones. 16/04/2021 8:36 PM Tantoro Latest news report USA also have India double mutation in several states that will escape from vaccine. so sad but scary 17/04/2021 4:14 PM Tantoro New cases of 'double mutant' COVID-19 variant detected in U.S. state 12021-04-09 14:29:44CGTNEditor : Zhang MingxinECNS App Download Special: Battle Against Novel Coronavirus Five new cases infected with a "double mutant" of COVID-19 variant have been identified in the San Francisco Bay Area, California, CNBC reported on Thursday. The new cases were identified days after the area reported the first such case. The variant was first detected in India last month. It was dubbed "double mutant" as it carries two mutations of SARS-CoV-2 strains E484Q and L452R. These mutations are not new. The E484 was also present in the variant that was first detected in South Africa and Brazil. And the L452R mutation was observed in the U.S. and Europe, but the new variant carries both of them. "Something that has not been seen in other variants," the CNBC reported. It is suspected to be more contagious and reduce the effectiveness of existing vaccines. "We don't quite know that yet, although these mutations I've talked about have been associated with increased transmissibility," Dr Benjamin Pinsky, medical director of Stanford's clinical virology laboratory, which discovered the new variant in the U.S., said in the ABC7's show "Getting Answers" on Wednesday. "In fact, in India, this new variant accounts for 15 to 20 percent of cases in one particular state." It also remains unknown whether the vaccines will be less effective against the variant, but researchers have some information on experiments on the individual mutations suggesting that "antibodies will be less able to neutralize" the variant, Pinsky added. 17/04/2021 4:18 PM selesa2020 The number of people who have died worldwide in the Covid-19 pandemic has surpassed three million, according to Johns Hopkins University. 17/04/2021 8:41 PM Goldberg Lets recap from early Dec 20, when JP Morgan downgraded TG to TP of Rm3.50 . Now after 4 months....... a) Are international borders open? b) Has the testing rate reduced? c) Vaccination rate satisfactory? d) Herd Immunity achievable? e) Conclusive sign of pandemic/endemic is under control? f) Can JP Morgan confirm there would not be new variants to cause 4th, 5th or 6th wave of Covid 19? f) Any idea/indication on all the above by JP Morgan to when the publish the report on glove counters price target yesterday? JP morgan taking Malaysain retailers for a ride again. 17/04/2021 9:28 PM pang72 Posted by pang72 > Apr 18, 2021 10:30 AM | Report Abuse X A lot of people miss understand that we support glove because wanna to see covid cases go higher!! This is a small portion of uneducated people who did not aware that glove is key ppe to fight for covid. What if the world without glove in one day? Will covid spreading 10x faster? Answers is YES!! TO help the word to fight for covid, we should own glove to to protect and support them to produce more gloves to fight the disease!! Hope everyobe to contribute to society to stop covid!! 18/04/2021 10:33 AM IMwhatIM It will be exciting for Comfort tomorrow morning: (1) if there had been many short term players last few days, they are likely to contra off cos it has gone up quite significantly (2) if the market believes that at RM2.76 it is still cheap considering the PE is still less than 5X, many will cramble to load it up. The drastic increase in infection cases all over the world would attract many investors to the glove sector. I am cautiously optimistic about the sector's prospects and tend to believe that the counter will continue with its upward trend. Good chance it will hit RM3.00 Sleep well and we meet in the market place again tomorrow. 18/04/2021 9:31 PM IMwhatIM It looks like, for this round, the fund managers prefer to buy into the smaller glove counters incl Comfort rather than the top 4 counters. Its common sense, the smaller counters have more room for growth and in % terms the shares are likely to go higher. Keep your Comfort shares and you will feel more comfortable. 19/04/2021 9:41 AM selesa2020 Rm3 Lai! Lai! Lai... Then continue the climb till the summit of Everest... 19/04/2021 9:44 AM IMwhatIM It is in the interest of Comfort to keep the share price high so that they can justify a higher conversion rate ( warrant to mother share). With higher conversion rate, the company can raise more money from the conversion exercise. I doubt Comfort will allow the shorties to come in and spoil the party. I strongly believe the syndicate will help to push up the mother share price before they confirm the conversion rate. On this basis, the price of Comfort shld continue to go up. 19/04/2021 9:08 PM  |
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