[COMFORT (2127) 康复手套 COMFORT GLOVES BHD：收入增加，生产率的提高产生了较低的生产成本] - James的股票投资James Share Investing
James Ng Stock Pick Performance:
Since Recommended Return:
a) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM2.41 (dividend RM0.04) in 1 year 10 months 3 days, total return is 242.7%
b) TOPGLOV (TOP GLOVE CORP BHD), recommended on 1 July 18, initial price was RM12.14, rose to RM30.40 (adjusted)(dividend RM0.32) in 1 Year 11 months 14 days, total return is 153%
c) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM3.47 (adjusted)(dividend RM0.055) in 1 Year 13 days, total return is 111.1%
d) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.62 (dividend RM0.04) in 1 year 11 months 14 days, total return is 108.8%
e) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.87 in 1 year 4 months 26 days, total return is 51.3%
f) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.23 (dividend RM0.148) in 1 Year 8 months 8 days, total return is 49.6%
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[COMFORT GLOVES BHD: higher revenue generated and lower production cost contributed from the increase in productivity]
As compared to quarter 1QYE20, the current quarterly revenue was higher by RM33 million, or 27% mainly due to increase in sales volume. Profit after tax in 1QYE21 was higher by RM7.9 million, or 94% as compared to 1QYE20 mainly due to higher revenue generated and lower production cost contributed from the increase in productivity.
The sales revenue increased by 10% as compared to 4QYE20 mainly due to increase in sales volume. The profit after tax increased by RM6.1 million, or 60%. This was mainly contributed from strengthening of USD against RM and lower production cost due to the increase in productivity from existing and new production lines.
Their emphasis on natural and synthetic premium speciality gloves will continue to provide them opportunities for growth and improvement. The Group will continue to emphasise research and development as the key method to expand the market offerings and grow their sales.
Prospects for the rubber glove manufacturing sector remain strong with increasing demand arising from switching trends towards nitrile glove. As overall demand for nitrile gloves increases, the market is seeing increase segmentation and differentiation leading to an increase demand for speciality gloves.
With the recent conoravirus pandemic, they expect gloves consumption to increase in the long run due to rising global health awareness. With supply shortages in global market, their marketing team is capitalising this opportunity to aggressively expanding their new customer base for continuous market expansion and future growth.
I wish to share my strategy to readers, hope that they can perform well after reading this. I am using Fundamental Analysis:
the forecasted growth of a company must > 14% per year
I wish to convince readers to learn FA in order to make money from stock market.
I am providing STOCK PICK SERVICE for readers who want to make money from Malaysian stock market. Those who want to subscribe to my mailing list to achieve a good return from stock market, you can contact me at firstname.lastname@example.org or PM me in my FB page.
This sharing is purely a discussion and analysis of the sector, buying or selling at your own risk. Please Like and Share this post. Final decision is always yours, thank you.