GOOD PROFIT
COMFORT 2127 Share Price
RM1.01 RM0.46
52 Weeks Range : 0.445 - 1.22
7.4/10 (Expert Score)
Product is rated as #3 in category BM Industrial Products & Services PROS:
- Extraordinary profit
- Small Dividend Payout
- Very High Tangible-to-Price
- Cash Rich Company
- Very Low Gearing
- Very High Trading Value
klse: Comfort Gloves Bhd
Corporate Information
Board : Main
Shariah : Shariah Compliant
Sector : Gloves
Address: 55, Medan Ipoh 1A Medan Ipoh Bistari , Ipoh, 31400, Perak
Contact: +605-5474833
Website: https://www.comfort-rubber.com.my/
Corporate Background
Comfort Glove Berhad is an investment holding company which manufactures and sells powdered and powder-free examination gloves.
Specification: COMFORT 2127
|
Result
Quarter Report History
| Date | Revenue,k | PBT,k | Net Profit,k |
|---|---|---|---|
| 22/11/22 | 126,787 | -8,651 | -17,840 |
| 30/08/22 | 199,771 | 5,361 | 3,195 |
| 31/05/22 | 176,418 | -8,439 | -10,126 |
| 18/02/22 | 124,254 | -8,510 | 10,396 |
| 17/12/21 | 220,930 | 49,036 | 45,850 |
| 21/09/21 | 504,229 | 204,919 | 148,823 |
| 21/06/21 | 541,242 | 293,525 | 219,134 |
| 15/03/21 | 318,900 | 173,778 | 137,873 |
| 30/11/20 | 276,688 | 117,526 | 90,329 |
| 07/09/20 | 197,952 | 56,886 | 42,797 |
| 12/06/20 | 152,907 | 22,242 | 16,339 |
| 23/03/20 | 138,645 | 13,227 | 10,242 |
Fundamental
Fundamental Analysis
| Last 4 Quarter Revenue (RM’000) | 627,230 |
|---|---|
| Last 4 Quarter Net Profit (RM’000) | -14,375 |
| Last 4 Quarter EPS (sen) | -2.48 |
| Last 4 Quarter PER | – |
| Last 4 Quarter Dividend (sen) | – |
| Last 4 Quarter Dividend Yield (%) | – |
| Net Tangible Assets (RM) | 1.01 |
| Goodwill (RM) | 22 |
| Cash (RM’000) | 302,650 |
| Debt (RM’000) | 85,740 |
| Total Debt (RM’000) | 208,560 |
| Net Assets (RM’000) | 927,770 |
| Current Ratio | 3.69 |
| Quick Ratio | 2.70 |
| Cash Ratio | 1.67 |
Technical
Technical Analysis
| MACD (26 vs 12) | -0.012 |
|---|---|
| Exponential Moving Average 5 | 0.466 |
| Exponential Moving Average 20 | 0.489 |
| Exponential Moving Average 90 | 0.524 |
| Relative Strength Index 14 | 0.22 |
| Stochastic %D 3 | 0.04 |
| Stochastic %K 14 | 0.05 |
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BURSA MALAYSIA –
The Group registered a net loss after tax of RM 17.8 million in 3QYE31Dec22 as compared to last quarter 2QYE31Dec22 of net profit after tax of RM 3.2 million This was largely due to the provision of slow-moving stock totalling RM 3.5 million and write down of inventory to net realisable value of RM 9.6 million. During the current reporting quarter (3QYE31Dec22), the Group has made an additional tax expense for the under provision of taxation in prior year amounting to RM 7.5 million.
BURSA MALAYSIA –
With the reduction of raw material cost and tightening of cost control measurement, the Group recorded profit after tax of RM3.19 million for the quarter (2QFY31Dec2022). The profit after tax of RM3.19 million for the quarter (2QYE22) improved by RM13.32 million or 132% compared with preceding quarter (1QYE22).
BURSA MALAYSIA –
The profit after tax increased by 59% to RM219.1million, from RM137.9million in 4QYE21, boosted by higher sales volume and average selling price. The drop in profit margin was mainly due to provision of incentive payable to all level of staff as a recognition of their contribution towards the Company.
BURSA MALAYSIA –
The sales revenue increased by 15% as compared to 3QYE21. The profit after tax was RM 137.9million, from RM90.3million in 3QYE21, boosted by higher average selling price. The profit margin improved from 33% to 43%.
The Edge –
Rubber glove counters were among the top losers this week, amid news of potential roll-out of vaccines next year, which had somewhat dampened the optimism on these manufacturers’ earnings prospects. The smaller rubber glove players were also among the decliners, with Comfort Glove Bhd falling 19 sen.
The Star –
The rubber glove counters which have been charging forward, with no sign of the Covid-19 pandemic abating, suddenly found themselves in a bloodbath amid various developments involving the sector. Some positive news on a vaccine, competition rising faster than expected and concerns of a potential windfall tax all attributed to the correction. Comfort Gloves Bhd went down 41 sen to RM4.47.
BURSA MALAYSIA –
The sales revenue increased by 29% as compared to 1QYE21 mainly due to increase in sales volume and higher average selling price. The profit after tax increased by RM26.5 million, or 162%. The profit margin improved from 11% to 22%.
BURSA MALAYSIA –
The sales revenue increased by 29% as compared to 1QYE21 mainly due to increase in sales volume and higher average selling price. The profit after tax increased by RM26.5 million, or 162%. The profit margin improved from 11% to 22%.
BURSA MALAYSIA –
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.
REMUNERATION STUDY –
In Financial Year End 2019, the directors’ remuneration was 2.77 million. It was fair compared to average in listed companies, considering the employees’ remuneration of 51.6 million and auditor’s remuneration of 203 thousands
BURSA MALAYSIA –
The sales revenue increased by 3% as compared to 3QYE20. The net profit margin increased to 7%. Profit after tax increased by 38% due to disciplined cost rationalisation and better product mix.
INVESTING MALAYSIA –
9 MAR 20 – AllianceDBS Research said Comfort Gloves Bhd had on March 6 crossed over the 92 sen hurdle to reach a high of 93.5 sen before settling at 92 sen (up 4 sen or 4.54%).
Investing Malaysia –
Average investing volume for Comfort Gloves Bhd in the past three months in stock market was 3420.2k lots
Investing Malaysia –
COMFORT gets a score of 15.18 in our equity and assets quality test based on current share price of RM0.83
Investing Malaysia –
Comfort Gloves Bhd gets a score of 18.15 in our stability test after the balance sheet, money statement study
Investing Malaysia –
Stock code of 2127 in Bursa Malaysia declared adjusted 0.35% dividend yield in past few years
Investing Malaysia –
COMFORT is estimated to have a profit consensus of 32.47 millions, with an adjusted market capitalization of 480.93 millions
REMUNERATION STUDY –
In Financial Year End 2018, the directors’ remuneration was 2.78 million. It was slightly high compared to average in listed companies, considering the employees’ remuneration of 43.8 million and auditor’s remuneration of 168 thousands