The only hope is during their AGM, normally fixed end of September, hope the big bosses can say sth positive to boost the share price !! They have been very facking quiet !!
Hopefully this Wong Fook Lin doesn't sell any share before end July (reposting of QR) ! Otherwise the share price might collapse !! If he buys some more to support, then it will be like feeding vaigra to the share price !!!
hahaha. Many are cursing cause other glove counters are flying non stop for the past 2 months but this esceramic only one day show to 0.735 and now stuck at around 0.5 and wont move. Reason? Its bosses are not doing anything to promote it or goreng it for now.
Yup...even Supermax the boss pass few year ke sana ke sini support najib and sudenly support oldhorse..and sudenly court case...now the price up % is the top 1 compare Harta and Kossan
The CEO is real idiot ! During this glove boom time, he still refused to make money out of it ?? At least to expand production capacity to produce more sales !! Disappointed with their "tidak apa" attitude, we shall attend the AGM and ask the CEO to resign and appoint somebody young and aggressive to lead the ship !! Wong FooK LIn, please resign !!
So dissapointment to buy Esceram. I thought is a good company with future prospect but after buying it the price keeps plunging down and til now still haven't reached my buying price. Sighhhh.
the problem is the lazy attitude of the management ! They just want to collect fixed and ordinary salary & dividend and slow to expand ! Imagine, they have 20 mil in cash, their Hatyai factory have big space of land and can easily double their capacity to increase their sales by double ! Every glove makers in this region, malaysia & thailand, are busy working OT 24 hrs a day to spoil off their glove formers & ... hungry for more glove formers for their aggressively expanding output capacity ! Ice cream still too slow to act ? WTF ! Remember there are only 2 big size glove-former maker in malaysia, they should be smart enough to capitalize on that !! Tonnes of money waiting for them to make also lazy to make ? Apalah ini ??
Just be patient once the operators collect enough tickets it will move North TP is 1.50 since all the big 4 tai kor makes ton of moneys and fully doing expansion now .
Lewis Lee Pls be patient as you said before the two directors already hold more than 45% so the operators is asking more tickets from us since you are a diehard fans of Ice cream include me ,,hold tight tight Sunshine will comes
All glove makers , big 4 or small 4, even some unscrupulous outsiders planning to capitalize to take over glove factory ... can’t wait to talk to media or release announcements everyday to spur up their share price ! Ice cream silent and indifferent attitude that really annoying me ! At this glove market boom time, the CEO just need to open his golden mouth and say some positive thing about this co prospect , the price will easily shoot up to RM1 already !! Haiz !
Revised TP from EPS 4 to EPS 6. Reason is that Covid 19 is more severe and prolong than anticipated especially in America regions.
EPS 6:
PE 35 = RM2.10 PE 30 = RM1.80 PE 25 = RM1.50
Top 4 big brother gloves counters are expanding and utilizing their production lines 100% ++ with OT. That would mean more wear and tear of their formers and would require quicker replacement. Expansion of production lines also being accelerated and more lines would be planned in the next 6-12 months. That would mean placement orders of glove formers would increase significantly. Esceramic would have increased business for the next 12 - 18 months.
Waiting for their reports to see if their inventory levels have been exhausted this round.
"ES Ceramics Technology Bhd manufactures and distributes ceramic hand formers. Its products offerings include examination formers, surgical formers, household formers, and breatings bag and balloon. Its formers are for continuous industrial use under heavy-duty conditions, to withstand the complex processes involving heat and chemicals to produce gloves.
ES Ceramics currently running full capacity at both manufacturing plants in Ipoh Malaysia and Thailand to meet the high demand from Glove Companies. This can be shown in Q3 2020 (Dec 2019 – Feb 2020) results which improvement in Sales and Profit compared to Q3 2019. Sales and Profit for Q4 2020 is slightly better than Q4 2019 due to closure of plant during the MCO.
For Q1 2021 (Jun – Aug 2020), the results will definitely improve as the Company running at full capacity. Both manufacturing plants have an outstanding order book of more than 1 million pieces of glove formers. The Company has increase the ASP as a results of high demand from glove companies.
Both Luxchem and Texchem linked to glove companies have moved recently. WATCH OUT ES Ceramic. "
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Gekko92
179 posts
Posted by Gekko92 > 2020-07-08 20:22 | Report Abuse
Meaning that if glove company expand the business,this company also get the benefit right?