Posted by PunTatBerSiul > Sep 20, 2021 2:05 PM | Report Abuse

73 sen coming soon

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I see they have opened up the games room at Tg. Rambutan Hospital.
They really need to remove that PC from the room.

Stick to basket weaving, buddy.

https://www.klsescreener.com/v2/announcements/view/3426471

All over, none of my blue chips got hit, just big volume transfers but very little price changes.

Jeff, I'm not saying that it will happen. We've got no idea what the Funds will do in this Quad Witching moment at close.

Fingers crossed that there is not any damage :)

Remember what today is......the Quad Witching Hour.....woooooooooo.

Who knows what price the major stocks on the Index will close at once the "witching auction" is finished. Up, down, unchanged, don't ask me as we are at the mercy of the big Funds.

Last time this happened, Tenaga was trading at Rm10 most of the day and closed after the match up at Rm10.44.

With my recent luck, it will probably close at Rm10 this time :)

Best of luck.

So, it's a loan.....a debt....correct?

Clearly no apology from you, so onto ignore for you.

Have a nice day.

lndependentlnvestor, you are clearly hot under the collar at my post.

You state that I'm "so afraid to post the real debt". Are you serious??

ALL shareholders should know the REAL debt the company has, as it is CRYSTAL CLEAR in the Annual Report! So if I know, WHY don't you?

Stated very clearly in their AR, that the co0mpany have taken a RM14.5 Million bank facility that they will draw down from subsequent from the time of the AR.

NOT Rm250k, as you state.

I will accept an apology if you are man enough to offer it.

Good morning @shrewdinvestor, I hope you are having a wonderful Malaysia Day and are able to spend some quality time with your family.

As you are a long term shareholder I was a little bit surprised that you thought "the input from FacstN0tFiction quite sound and logical".
Apart from his promotional bias he actually came up with only two factual points that were debatable:

1. The Company has Rm75 Million cash......Correct.
2. The Company has no debt......False.

So, a 50% strike rate, not something I'd be willing to give the praise of "the input from FacstN0tFiction quite sound and logical".

As for your question of how many shares in the Company once fully diluted, 645,986,624 shares (Ref: Annual Report).

I'm not sure if you have read the recent Annual Report, if you haven't then I'd suggest it is worth spending a bit of time on. They appear, in their own words, to be far more cautious of future revenue than you do, citing growing market competition and material costs. That could be something to consider in looking to forward projections.

As I have said numerous times here, I'm not a holder of Esceram shares and my interest was only initially a technical charting exercise for me. I seem to have been sucked in to some fundamental analysis that was never intended. I think I'll leave any further comments on the company's fundamentals to those who hold shares and may have more insightful contributions.

Enjoy the rest of your holiday! :)

@FactsN0tFiction, welcome to the i3 forum.

It is interesting to note that you appear to have joined the i3 forum yesterday and seem to be very enthusiastic to promote Esceram. So much so, that you have even posted your initial promotional piece on Esceram on 6 other forum threads.

Is there a reason for that? Or perhaps you want to share the love :)

Being the cynic that I am, I'll assume you have numerous names you use in i3 to do your dirty work.

Have a great day.

AdCool, any valuation you give the stock is obviously going to be worked from the PE you believe is suitable.

You may have a higher risk/reward belief than me and decide to attribute a higher PE than the maximum of 5 I have currently given it.

I'm certainly not saying that I am right. Each to their own.

To say that Esceram is not a glove counter is obviously correct, however if anyone suggests that it is not "bolted on" to the industry is misguided. Without glove companies, Esceram doesn't have a business. It's a bit like saying Coca Cola is not part of the beverage industry.

By default, being linked to the glove industry will effect their valuations, in particular what PE the market participants are willing to ascribe to the company.

Currently, the major glove companies are trading on a PE between 2 and 4. Supermax is now trading on a PE of less than 2 and this company has delivered profits over the last 3 quarters of an average of Rm1 Billion each quarter! In very simple terms, the market can't work out what these companies will deliver in SUSTAINED profits over the next 2 or 3 years.

With those facts in mind, what PE would you be willing to give to Esceram? I don't have the answer but in this current situation I would not be willing to give it a PE of over 5.

The price is currently 40.5, with a technical Fibonacci support at 40 cents. If it breaks below 40 cents then the next Fibonacci support is 33.5 cents.

Purely coincidently, as Esceram has a current EPS of 6.68 cents, if you were to give it a PE of 5 this gives a price of 33.4 cents. Exactly the same price as the current 33.5 cents Fib. support.

Don't read too much into that as it is purely a coincidence.

Just my thoughts, some may agree and I'm sure many others will disagree :)

smyang11, did you just pluck that number out of your backside?

Not cool buddy, some decent holders are currently hurting and don't need that type of nonsense.

Sugan21, as I've mentioned a few times in the last couple of months, 46 was a very important support level and I suggested shareholders wouldn't want the price to break down below that level. Unfortunately for holders, it has.

Next level of important support is 40 cents, as important as 46 cents was.

Best of luck to holders as this MIGHT get a bit tricky.

This drop seems massively overdone to me. Even in the current weak market I didn't think it would break much below 10.20, as that price offered a decent technical support.

Not sure if the Funds are playing some games here, as this coming Friday is Quadruple Witching Hour day, where the Funds reset their sector portfolios.

Let's see where it closes at 5pm on Friday, I'm not game to even make a guess. Logically you'd think with a 22 cent dividend on offer until late this month we should be higher after Friday's Fund reshuffle.

Banks taking a little slap this afternoon due to the FM stating today that the banks have to work out a way to not charge interest for 3 months for those in the B40 bracket and are currently using the moratorium.

Not really a big deal in the bigger picture, IMO.

So much for hoping to get a small relief rally today!

KLCI closes at midday at 1,561, with the next support level only 3 points away at 1,558. Not a very inspiring morning, to say the least.

Posted by coolkwc > Sep 13, 2021 3:21 PM | Report Abuse

this counter is so boring. Everyday rally by 2-3 cents.

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LOL.....what do you want? To rise 20 cents each day?
I think it's behaving rather nicely, to be fair.

I wonder if the MOU deal with the politicians and the lower reported Covid numbers yesterday will give us a positive market today. I hope so!!

I'm dubious about the longer term effect of both of those reports from yesterday but it might give a ray of hope for today's overall market.

Now that the 23% retrace level of 1,574 has been tested and broken on the KLCI, we are now looking at the 38% retrace level of 1,558.

Ideally it wont break that retrace point.....BUT....with Parliament opening today and the nonsense that can go on there, anything is possible.

While this is in play I can't see much movement happening in the blue chips in the immediate short term.

A minor correction to the 4 Quarter EPS I quoted yesterday. I added the previous quarters from quarterly EPS figures quoted on a financial website, which totalled 7.07 cents.

The actual EPS quoted by the company in their annual report is 6.68 cents. A minor difference but I like to be accurate.

For the record,Undiluted EPS is currently 6.68 cents.
Diluted EPS is 4.67 cents.

With a current rolling 4 quarters EPS of 7.07 cents, I can't see why people think this is undervalued. If you were to give it a PE ratio of 10, then yes, it would be seen as undervalued but this industry is not achieving anywhere near that PE level.

I'd suggest any potential buyers consider what they think is a fair PE to set, then work from there.

Best of luck.

Ex date for the interim 22 cent dividend is the 29th September.

This afternoon's action wasn't part of the script....lol.....but all's well that ends well :)

1.2 million bought at 10.30 in the closing match up auction, out of 3.4 million total volume for the day.

Nice work, boys.

I thought it might be timely to repost something I put up in this thread back in June 5.
Only once since I posted the comment has the price touched 46.5, very briefly intraday.

I hope it stays above 45/46 for holders.
I don't hold, purely a technical exercise for me.

June 5 post below.
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Stock: [ESCERAM]: ES CERAMICS TECHNOLOGY BHD

Jun 5, 2021 9:33 AM | Report Abuse

Technically it looks to be about to test the 7th December intraday low of 45 cents. Too early to say if yesterday's (Friday) price drop on increased volume is capitulation but if I was a holder then I'd be hoping it was.

A break below 45/46 could turn ugly, so I definitely hope that is not the outcome for holders. Downtrend Fibonacci figures for a break of 46 are, 40,33.5 and 28.5. Those numbers indicate how important this 45/46 support level is!

Disclaimer: Purely technical interest for me here as I'm not a holder.
Hope you all get a price turn around next week.

Is it only me who can see that his % growth figures in current and previous EPS are totally wrong?

Since when has 2.21 to 4.8 given 220% growth? :)

A week of much needed retracing and consolidation for stocks in the KLSI this week.

Apart from a few minor and short lived intraday blips, Tenaga respected the current 10.36-10.42 support area.

The next level to look for is the 10.58-10.62 area. Let's see what next week brings.

Nicktan999m don't undercut the order book, it's currently at Rm583 million :)

Currently increasing their workforce, with also many other tenders in for work in their business plan locations.

Posted by Keyman188 > Aug 30, 2021 2:55 PM | Report Abuse

No doubt will eventually be shooting up above RM 18.00 soon...

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Keyman, pass the bottle over here, you've had enough for today :)

To quote a line from this dubious attempt of a stock recommendation...."Its latest EPS was 4.79 sen for the quarter ending April and its ESP for its previous quarter ending January was only 2.21 sen, an increase of more than 200%. "

200% increase in profit? We obviously went to different schools :)

Parrot, no problem at all. It's always best to keep to the facts :)

Now we sit and watch to see how far the share price moves for the remainder of this calender year. Best of luck with your investment.

dragonfruit123, yes I also noticed a weakness in price caused by either genuine selling or the stock being pushed lower. During late Thursday afternoon trading it was evident that either a big seller was introduced or the price was being capped. A bit similar on Friday afternoon too.

Friday after market Quarterly results:

Almost Rm11 million profit. Considering the Covid restrictions during the period it is a good result. I have to be honest and say I was hoping for a bit more than Rm11 million (EPS 0.78 cents) and had targetted an EPS of around 1.33 cents to bring their rolling 4 quarters EPS to 6 cents. That should have supported the recent price moves.
With the current results the rolling 4 quarters EPS is now 5.45 cents, compared to 3.99 cents prior to yesterday's results.

Too difficult to say what the Funds will do to the price with these results, however I think my Fib targets of 1.60 and 1.685 will not be achieved on these results.

Still a good buy and hold for future growth with less Covid restrictions, IMO. As always, timing a buy point is the key.

Parrot.....re upcoming dividend.

An interim dividend of 22 cents was announced in this week's quarterly. No ex date or payment date has been announced yet

There will be an announcement around the middle of September stating the Ex Date, the Ex Date will be around late September. Payment will be made around mid October.

A good day. Overshot the 10.42 runway by going to 10.48 but now back into the chart zone area of 10.36- 10.42.

Seems good to me, anyway.

She's motoring :)

I mentioned yesterday morning that once 10.20 had been back tested it should move up to the 10.36- 10.42 region. Currently at 10.38, so perhaps a bit earlier than I'd thought but nice to see it at this price region.

Too early to say if this area is short term resistance, or if the price is going to break though and use the price region as an eventual support.

Something that is in this quarterly that is quite significant is the revenue. This is the highest revenue figure in the last 8 quarters.

Surprising.....and very impressive, especially in the current Covid environment. Perhaps a good indicator for future growth potential?

HrryPttr, keep taking your medication.

A couple of surprises in the quarterly.

Revenue was higher than I'd expected, with almost a Rm1 Billion increase from the previous quarter.....very good.
Net Profit lower than I had hoped. My guesstimate was around Rm900 million but due to a few impairments actual NP came in at Rm821.5 million......marginally disappointing because of the impairments.

Rolling 4 quarters EPS now stands at 70.20 cents. Using Tenaga's 5 year average PE of 15.8 gives a "value" of Rm11.10 per share.

A pity about the impairments, however a good result with solid revenue, which considering the Covid restrictions is very promising.

In general terms, don't focus too much of your energy on what the big funds do, as their agenda, motivation and business plan is usually totally different to the average retailer.

EPF hold 1 Billion+ shares in Tenaga, so selling in multiples of 100k or even 500k is fairly irrelevant to their overall holdings.

KimSua, we seem to be on a similar page regarding the Tenaga technicals.

I think we may see a similar price move this time around as to what happened earlier this year when it went to 10.80+.

Price point 10.20 is the first test and it seems to be confirming that area this morning.
Next should be around the 10.36 to 10.42 area.
Beyond that, we should be looking at 10.60, with an eventual move to 10.80.

Back in March this year I had a 2021 calendar year target of 11.20 but was concerned about the severity and time frame of Covid. I'll tentatively retain that 11.20 price but perhaps slip it back to the 10.80 to 11.20 price region.

All the best.

Thanks, WenJun :)
The next targets remain in place but who really knows how it will pan out.

1.60......then 1.685, if it remains on an upward trajectory.

Will today be the day that it finally breaks through 1.50?
It's trying!

Posted by okooi32 > Aug 26, 2021 8:46 AM | Report Abuse

10.28 still expensive........
10.58 very expensive
10.98 very expensive++
11. 28 too expensive + already up liao

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What are your calculations to back up your rather rash claims?

Net profit, EPS and P/E?

I look forward to your response.

Currently trading in the "danger zone" area right now.
Expect either a bounce or a move down towards the next Fib point of 6.80.

He's too busy learning how to eat frogs legs and snails to answer :)

ShinGiTai, perhaps it's a big sigh of relief that they have finally resigned that is encouraging the market.

The country couldn't go on much longer with that group of characters running the show.

Jeff, what's that got to do with the price of fish?

Foreign funds returning to some stocks looking for growth and safety.
IMO, Tenaga is one that fits the criteria.

Tenaga is one of my biggest blue chip holdings and I see no reason to sell. Obviously others will have differing opinions.

Posted by gogogolee > Aug 13, 2021 12:23 PM | Report Abuse

aeon should back to rm3

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I think you are being a bit too over optimistic :)

Earnings right now are mainly from the supermarket sector and have been robust, considering the Covid effect, and we can thank their business restructuring for those recent results (last 3 quarters). Eventually their other two sectors, department stores and rental, will add to their earnings but that will take time.

I'm fairly positive about their long tern progress but it will take time for the department stores and rentals to really kick in. Aeon is probably a good 12 month investment play for now.

I should add to my previous post, hoping for a period of consolidation before taking on that 1.50 level.
The quarterly should be out some time between late next week or anytime the following week. An EPS of 1.33 or more for the quarter will equate to annualised EPS (4 quarters) of 6 cents+, so these are the figures I'll be looking for to support this current move and the possibility of further gains.

Targets still remain at 1.50, 1.60 and 1.685.