RHB upgrades Comfort Gloves to ‘buy’, raises target price to RM4.80


RHB upgrades Comfort Gloves to ‘buy’, raises target price
KUALA LUMPUR (July 14): RHB Investment Bank Bhd Research has upgraded Comfort Gloves Bhd to “buy” at RM3.43, with a higher target price (TP) of RM4.80 from RM3.18 and a 41% expected total return.


Comfort Gloves – Rising ASPs Lift All Boats; BUYRHB
Capacity expansion. We expect Comfort Gloves to add six production lines in FY21. Upon completion, its production capacity will increase by 14% to 5.9bn pieces pa (ppa). Upgrade to BUY. We raise our FY21-23 earnings forecasts by 49-75%. In the short term, 2QFY21 core earnings should show significant QoQ improvement as ASP is on an increasing trend.


Comfort Glove is playing catch up – KYY
The following is part of RHB OSK buy recommendation for Comfort Glove with a new target price of Rm 4.80. RHB OSK Upgrade to BUY from Neutral with new MYR4.80 TP from MYR3.18, and 41% expected total return. The glove shortage has worsened as COVID- 19 cases in the US surged 24% MTD. We raise our earnings estimates and TP on higher ASPs.


COMFORT (2127): COMFORT GLOVES BHD – Price Target | I3investor
Wave (5) target can be important fibonacci extension target around 5,26 (161,8%) and higher 6,85 (261,8%). Based on technical consideration, Comfort could be a good trading BUY. Its next financial result should be announced soon.


Malaysia | The Edge Markets
RHB upgrades Comfort Gloves to ‘buy’, raises target price to RM4.80 14 Jul | 11:46am Berjaya Sompo introduces new interim claim initiative that pays 20% advance


Zero waste stores gain momentum in Korea | Martin TF Wong
At Cafe Earth, Us, customers must bring reusable containers to buy take-outs. (Gil Hyun-hee) Granted, Almang Market and Cafe Earth, US only represent a tiny fraction of an industry that consumes disposables every single day: Cafe Earth, US is among a few zero waste stores out of 70,000 cafes in the country.


Comfort Gloves – A Just in Time Expansion; Reiterate BUY
Maintain BUY and MYR1.08 TP, 80% expected total return, on FY21F P/E of 18x – lower than peers’ 27x 1-year forward average P/E. FY20 (Jan) earnings were within expectations.The COVID-19 pandemic has led to a global surge in demand for gloves. We think Comfort Gloves is on the right track to catch the wave given its timely commencement of new lines, ongoing research and development and …


COMFORT (2127): COMFORT GLOVES BHD Price Target | I3investor
Price Target Research Article/News (past 6 months) 15/06/2020 : RHB-OSK: Comfort Gloves – Satisfactory 1QFY21 Results: 28/05/2020 : RHB-OSK: Comfort Gloves– FDA Import Alert to Affect Near-Term Sentiment: 24/03/2020 : RHB-OSK: Comfort Gloves – A Just in Time Expansion; Reiterate BUY


Comfort Gloves – Ongoing Capacity Expansion; Reiterate BUY
Reiterate BUY and MYR1.08 TP, 33% upside plus 3% yield, based on 18x FY20F P/E or +1SD from its 3-year mean. 1QFY20’s earnings met expectations.We anticipate progressive growth in earnings, supported by ongoing capacity expansion, continuing emphasis on research and development to expand market offerings, and increasing demand for specialty gloves.


ComfortDelGro – RHB Invest 2020-06-02: Known Negatives Are …
ComfortDelGro – RHB Invest 2020-06-02: Known Negatives Are Priced In; Upgrade To BUY. ComfortDelGro (SGX:C52) has priced in the soft earnings for 2Q20F and its exclusion from the MSCI Singapore index. With the swift reopening of Singapore’s economy and additional cash flow support from the latest Fortitude Budget, 2H20 earnings could be better than Street’s estimate.
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