Quarterly results may be good. Dividend for sure as Directors also need money like us! I reckon between 2-3 cents would be likely.

Good buying opportunity.

Last I checked NTA was 0.18. Last 4 quarters profit combined was MYR 38 m vs MYR 30 m FYE 31/05/2021. Going very strong, expect another strong quarter ending Nov 2021. I think we have a good possibility of nice dividend payouts even if share price don't move too much. So, I have continued to buy between 0.39 to 0.40. No worries...

This company has no clear direction. They are confused! Market doesn’t like this!

It's a really comprehensive report. Just read it. I am encouraged that this company will have sustainable growth...

https://pinpoint-insights.com/interx/tracker?op=click&id=16818.3995&url=https%3A%2F%2Fresearch.rhbtradesmart.com%2Fdownload.php%3Ffile%3D5467881284402766617733621e758&_hC=224F2008

However, if market is willing to give ES a higher PE than gloves, then it's very good for all of us. This we should all hope for as we always said it's decoupled from gloves industry.

Accumulation now is based on future earnings potential as current earnings is already priced in at this price. Good luck!

Overall, I expected a lower profit due to MCO, however am pleasantly surprised at the strength of the orderbook. We all hope that Management is prudent and do not do anything irrational to diminish shareholder value. Happy so far...

For the current quarter ended 31 August 2021, the Group recorded revenue of RM25.47 million,
represents an increase of 113.35% as compared to revenue of RM11.94 million for the
corresponding quarter of the preceding year.
The Group achieved a profit before taxation of approximately RM10.41 million for the current
quarter. This represents an increase of 225.07% from the profit before taxation of
approximately RM3.20 million registered in the corresponding quarter of the preceding year.
This was in tandem with the increase in revenue and higher average selling price.

B10. Dividend
No interim dividend has been declared for the current quarter under review.

My opinion to holders discussing about dividend, forget it until closing of financial year. They are expanding, funds internally generated to keep debt level low. Why speak about dividend after every quarter? Hopefully they will announce an attractive one end of financial year. Payment around Sep 2022. Anything special earlier is welcome as a bonus but I am not holding my breath.

Looks strong going forward. Happy for all who are holding. Well done!

Basically what I have already highlighted

Guys, from a neutral standpoint, I personally don't think Q1 2022 will be better than Q4 2021. There was MCO and nobody could operate with high efficiency. However, I hope that I am wrong. Q 2 2022(Sep-Nov) will be good as should operate at high rates. I am also hoping that the share price goes up as certain portion I am caught at high floors as well!

@TreeTopView , thanks for your kind thoughts. I am not holding my breathe for anything above 0.50. That to me would be good already. Then it's up to the company to show sustainable profits of minimum 60 m per year to qualify for a higher price. I am basing it on a PE of 5 when all warrants converted. Back of envelope calculation.

Relax bro, you seem angry all the time and not contributing intelligently. Your comments are insulting our intelligence. Stay cool man...

Ha! Ha! Any rebound or reversal, we should be happy lah! We are all here to make money bros! At least some movement...

Very cheap for a takeover! Makes sense if any of the gloves guys acquire and take it private! They can easily take the capacity and formers prices can be mitigated. Get the ES guys to train a strong team from the glove guys to make the product. Not rocket science. Then we all don't have to suffer anymore!! I still think the fundamentals are good for this company. Only PR needs to be improved!

This is the latest from AR 2021. I see Rosland is the only one having 3 m shares. Looks like the others are out.

THIRTY LARGEST SHAREHOLDERS
(Without aggregating securities from different securities accounts belonging to the same registered holder)
No. Name Holdings %
1 WONG FOOK LIN 37,118,050 7.356
2 WONG FOOK LIN 27,467,200 5.444
3 TAN SAN KWANG 25,000,000 4.955
4 PRIMUS EQUITIES & ASSETS SDN. BHD. 23,000,000 4.558
5 TAN SAN MAY 21,948,000 4.350
6 KAMAL Y P TAN 18,500,000 3.666
7 SIT CHIEW MING 6,509,300 1.290
8 MAYBANK NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR ROSLI BIN HAMAT
4,850,000 0.961
9 PUBLIC NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR VIGNESWARAN A/L RAMAKRISHNAN
4,000,000 0.792
10 TASEC NOMINEES (TEMPATAN) SDN BHD
EXEMPT AN FOR TA INVESTMENT MANAGEMENT BERHAD
3,681,800 0.729
11 UOB KAY HIAN NOMINEES (ASING) SDN BHD
EXEMPT AN FOR UOB KAY HIAN PTE LTD
3,325,000 0.659
12 PUBLIC NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR LOW KENG TONG (E-TMM)
3,323,000 0.658
13 ROSLAND BIN OTHMAN 3,005,300 0.595
14 ANDREW CHEW HOCK CHUAN 3,000,000 0.594
15 HERMAN SYAH BIN ABDUL RAHIM 2,520,000 0.499
16 KHOO SIANG HSI @ KHOO CHEN NAN 2,501,860 0.495
17 LEE KOK HOONG 2,389,040 0.473
18 HOE YUEN FATT 2,109,500 0.418
ES CERAMICS TECHNOLOGY BERHAD | ANNUAL REPORT 202

@Fujisnow, I share your view. If there is 600 m shares and profit is 60 m and with PE of 4 to 5, it's more or less there. However, if gloves mania comes back, we can enjoy a higher PE. The strong point is the dividend, they must pay an attractive %, then all good for long term holders.

Actually I also cannot understand why. Their PR is really bad...

Well, outlook as expected seems promising. Order book healthy. China will have healthy growth. Expansion on plan. Dividend policy remains if making money. Automation ongoing. No order cancellation, repeat orders is good. I will hold for dividends. Personally, I think this share will fluctuate between 0.4-0.5 as earnings already priced in. That's my take away for now at least.

AGM is ongoing... FYI

Wow, that would be really good as the value of the company would be 130 m. You think that would be possible? Why 0.20 sen, interesting value. Kamal and Wong would rather take it private! Sorry for asking but we are all here trying to make a living in these Covid times and that comment is in bad taste. My view...

Good afternoon, thank you for the information. I am currently reading the AR21, just downloaded. I believe that they are going on an automation journey for production. I am optimistic for them as I am an industry person for over 30 years and running an industrial business in Asian market. This company is a winner but again, I am not Warren Buffet! It's just that you don't have too many companies as sound and uncomplicated as this. The USP is clear to see and barriers to entry are high. Anyway, good discussions. Thank you

I find the input from FacstN0tFiction quite sound and logical. Without expansion already capable of MYR 15 m/quarter. Excellent fundamentals. Would anybody be able to inform what would be the NOSH if all the outstanding warrants are converted? Maybe this would be a good way to estimate the value of the share based on our own expectation of earnings. I have my own estimate at 60 m on a non EMCO full year. That I think would be 2023. 2022 ending may 31st 2022, close eyes above 40 m because expansion not completed and EMCO curtailed Q1. So, here you go as I am a shareholder since 2008 and collecting along the way. Thanks to all for inputs as worse case scenario, I will enjoy the dividends whilst waiting for share appreciation. I have no agenda here, just giving a balanced view.

Today 70% of Bursa drop....

Maybe tree top also can explain. Thank you. You guys seem financially savvy...

@emailpete, 2021 Revenue 92.9 m with Profit 30.2 m . Now doubling capacity by 4th Q and order book full for next 2 years and you say going forward max 10 m profit per year!. 4th Q profit alone was 14.5 m. They are turning away orders because order book is full. What am I missing? Please clarify as I want to learn from you....

As I commented earlier, Q 1 2022 profit will definitely be lower than Q4 2021 as MCO. All manufacturing plants will be impacted. So to me it's not a major event..

@ StockGodFatt :September going to announce dividend
27/08/2021 1:38 AM
Hi, who is your source and how much you expect ? Thank you, I am looking to your guidance as 4 cents last time was already high....

This was the background of my comment on performance as ES is in Ipoh as well...

Unisem’s Ipoh plant to halt ops
temporarily during EMCO period
KUALA LUMPUR (July 26): Unisem
(M) Bhd, a provider of semiconductor
assembly and test services, has
temporarily suspended the operations of
its Ipoh plant in Kawasan Perindustrian
Pulai Jaya from July 25 in line with
the implementation of the Enhanced
Movement Control Order (EMCO) by
the government. The EMCO on Bandar
Pulai Jaya, in which Unisem’s plant is
located, is effective from July 26 to Aug
8. “However, since Unisem is under the
essential services sector of electrical
and electronic (E&E), the company had
applied and appealed to the authorities to
be allowed to operate during this EMCO
period. Approvals and decisions from the
authorities are pending,” Unisem said in
a bourse filing today. “Assuming that the
Ipoh plant is closed for the full duration of
the above EMCO period, the capacity loss
arising from the closure is estimated to
be approximately 2% of the total annual
output volume of the group,” it added.
— by Syafiqah Salim/theedgemarkets.com

@anzhsb, miscommunication. I refer to a possibly lower PBT and not share price as you think. PE 4 is low, I agree. Dividend must be given as if you have aspirations to move to mainboard, cannot think like a punter only thinking of share prices. Must be willing to compete with big boys, hence a dividend policy is a must.

My post sometime ago said that this company has the capability of PBT of 15 m/quarter, I was not so far off at 14.5 m actual. Excellent results. Meantime I added more at 0.49 two weeks ago following Director's support. This is a long term gem. Next quarter as most industries, they may or may not achieve these levels because at MCO, you can only operate at 60%. However, to be clear, it is not due to lack of business and I am still convinced that running at 100%, PBT will be 15 m and above. So, be realistic and relax about this counter. I am very pleased to those long term investors and hope ES will reward us with some good dividends soon.

I read the interview that he is semi retired and natural move. Relax lah…

Most logical move…

I can only think redistribution among family

@StockGodFatt , thanks for the assumption , however @raksasakambing may also have a strong point. They have to use more than MYR 25 m cash if 5 cents dividend is declared.They need cash for expansion. Something will be given but not 5 cents. However, happy to receive 5 cents if given as we all need to smile in this pandemic! Stay safe!

@StockGodFatt, please let me know how you came to the 5% dividend assumption as I am thinking of buying in a little more tomorrow. Thanks

Thanks for your insightful information.

@Michael Yeo, I read it and if true, that’s really bad. Another Enron possibility but EY doesn’t want to end up like Arthur Anderson the then Enron auditor. Big mistake for this small and profitable company to court these fellows. Luckily they have exited and Directors must learn their lesson. Transparency is important.

The strategy I am talking is to earn good dividends in tough times like now. Participate in ES going to mainboard and if all goes well, perhaps celebrate at your target price of 0.80 which frankly is no issue based on fundamentals. Take it easy….

Q 4 results out end July. Guaranteed results will make you guys happy, share price nobody can really say.

I was informed that this court case very small issue from long time ago. Employee suing for salary because sacked. Weak case..

True Michael Yeo, the R&R move backfired the way I see it. Let's hope for business fundamentals for growth at this counter. Frankly, Directors should focus on the business and share price will take care of itself.

Market 8 points down, 641 counters down. ES up 0.005. Political situation is very bad and yet this counter standing strong. Imagine if situation is sorted out politically... However, I would also like to get support from this group on which counter is so good that we can invest. Thank you.

We all try to help each other, don't ridicule.