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A Full Analysis on Comfort Gloves Berhad
By Value Invest Asia  •  July 29, 2020
Comfort Gloves Berhad (CGB) (KLSE: COMFORT) is involved in the manufacturing and trading of natural and synthetic specialty examination gloves. The group has two plants located in Simpang and Matang, Taiping, consisting of 53 production lines.  Since the start of the year, the group’s share price has risen at a tear, increasing over 300% in value.  In this article, we will take a closer look at the business, management and financial aspects of the group, to assess whether it is worth an investment.  Background of the group Listed on the Main Board of Bursa Malaysia, CGB is formerly known as Integrated Rubber Corp Bhd (IRCB). IRCB slipped into PN17 status after the group defaulted on RM71.0 million worth of debt obligations in 2012.  The company received fresh capital injection totalling RM44.8 million from Managing Director (MD) Mr. Cheang Phoy Ken and private investor Keen Setup Sdn Bhd (KSSB) in 2013....
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By Value Invest Asia
Value Invest Asia started as a simple idea. While we are still studying for the Chartered Financial Analyst Program, three of us met at a CFA event. We were just starting out in our career but we found out even then, that not many people in the financial world are true believers of value investing ...
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