Thanks buddy. I found the post.

The Malay Mail Online

Comfort Gloves posts healthy jump in Q1 profit to RM16.34m

Friday, 12 Jun 2020 08:33 PM MYT

KUALA LUMPUR, June 12 — Comfort Gloves Bhd’s net profit almost doubled to RM16.34 million in the first quarter (Q1) ended April 30, 2020, from RM8.41 million in the same quarter last year.

The maker of natural and synthetic examination gloves attributed the better performance to higher revenue and lower production cost due to increased productivity.

Stronger sales volume boosted its revenue by 27.5 per cent year-on-year to RM152.91 million, the Perak-based company announced to Bursa Malaysia today.

The company, which derived 87 per cent of its revenue from synthetic gloves in the last financial year, said prospects of the rubber glove manufacturing sector this year remained strong with increasing demand arising from the trend towards switching to nitrile gloves.

“With the recent coronavirus pandemic, we expect glove consumption to increase in the long run due to rising global health awareness,” Comfort Gloves said.

The company said its marketing team was capitalising on the shortage of gloves globally to aggressively expand its customer base for continuous market expansion and future growth.

Based on its 2020 annual report, its biggest markets are Malaysia and other Asian countries. — Bernama

I can’t answer that question for you, bro. I entered Top Glove and Comfort (among others) after Top Glove’s QR was released last Thursday. That didn’t turn out well. No quick money to be made. The party fizzled our within 30 minutes.

So next Monday either Comfort will rise another 10% to 20% or it will remain flat like Top Glove. Nobody knows.

P/S : I could paint a very glowing picture for Comfort like some of the bloggers in l3 investor and lure unsuspecting forumers to buy Comfort since I have already bought it. But that would be downright dishonesty. I believe in the law of karma - you will reap what you sow.

This post has been edited by Vanguard 2015: Jun 13 2020, 11:06 AM

Good morning folks.

A tussle between the bear and the bull this morning for my glove stocks. Who will win?

Currently I have Top Glove, Comfort and Harta in my trading portfolio.

Good move to lock in your profits. When in doubt, sell and live to fight another day.

My unrealised losses now is still within a tolerable margin. Win big or go home.

Yes, Harta is quite stable. But anything can happen now. The market has turned upside down.

Hit and run seems to be the method now.

I did advise another forumer to cut loss and sell Supermax last Friday. But he refused. It is now down -3.41%. I hope he is OK.

Hoho. Market turned bearish.

Cut loss to preserve capital. Live to fight another day.

Life goes on.

Mr Market was pretty grumpy today. Let’s see how he will behave for the rest of the week.

If the market continue to correct itself like in March, then maybe we can start looking at blue chip shares again like Maybank and HEIM instead of just focusing on glove stocks.

I am holding 100% cash now since I had already sold off all my entire portfolio a few weeks also. Waiting for opportunities.

Anything special brewing there? My crystal ball is broken.

I did day trading today in Bursa for a small profit.

This is really like casino gambling already.

Adventa?

Suffering from glove stock fatigue. With nothing interesting in the horizon, I switched my attention to the semiconductor industries.

Today I am trading D&O and VS.

Based on the latest QR and valuation, the only stocks worth looking at now are Top Glove and Comfort.

Let's see how much further the glove stocks prices will fall before they are attractive enough to buy.

If you wish to buy Supermax...well all I can say is, your money, your call.

My view on Supermax is this. If you invest RM1000, your potential loss is RM200 to RM400. Against that, you hope to earn RM100. Does the risk/reward ratio make any sense to you?

Err..I did try to warn you bro. Tuition fee is expensive.

But what is done is done.

I notice that Rakuten is different from other platforms when you are using the contra account.

Rakuten will not automatically deduct the money from your account to pay for the stocks even after you top up your account. You have to pay manually by clicking on the 'pick up stocks' and the 'confirm' button.

When I started using Rakuten, some of my stocks was forced sold on T+3 even though I have money sitting in my account. Luckily the losses was minimal.

This post has been edited by Vanguard 2015: Jun 18 2020, 10:42 AM

The market is drifting sideways.

My view is that it is not safe to go back into the glove stocks now until the prices stabilise. Right now, glove stocks are still trending downwards and losing about 3-4% of their value daily.

Bro, you need to pay the stocks in your contra account manually. Even if you have a pile of cash sitting there. Otherwise, your stocks will be forced sell at T+3.

Rakuten is OK now. Can log in already.