COMFORT - fearful?
There are some valid reasons to get fearful on how COMFORT perform lately, especially today. One of the reason for big pullback is statement by Federal Reserve of US that the economic recovery will take a long way to go at least until end of 2022. At the same time Fed also warn of second wave of Covid19 infection. Which means we need a lot more PPE, more gloves, more sanitizer, more face masks.
COMFORT will fly again. We are not yet in the situation that we don't need all the items above.
Look at the OBV:
A - 1.603B
B - 1.422B
Degrowth: -11.3%
C - 2.099B
D - 1.757B
Degrowth: -16.3%
At point D which is today, on balance volume still at 1.757B which is more than the volume when COMFORT shrink due to margin capping by Malaysian banks.
Give it a break, COMFORT will rebound stronger.
COMFORT will fly again. We are not yet in the situation that we don't need all the items above.
Look at the OBV:
A - 1.603B
B - 1.422B
Degrowth: -11.3%
C - 2.099B
D - 1.757B
Degrowth: -16.3%
At point D which is today, on balance volume still at 1.757B which is more than the volume when COMFORT shrink due to margin capping by Malaysian banks.
Give it a break, COMFORT will rebound stronger.
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