Shark collected enough. So Monday the beginning of uptrend. For those yet to have Solution better grab it fast Monday morning. This time the rally will be superb.
Freshly after BI.... don't expect price to return to 1.00 so soon...1st qr 2021 likely.... look at other BI stocks... price movement stay range bound for a while.... that is also after sharp downtrend like what ES is going through now.
Esceram share issue 450 M PAT 3.2 M 1st QTR EPS 0.0075 sen x 4 QTR = 0.03 SEN x PE 15= 0.45 sen the most This is conman stock Its already over value at present price
Guess market sentiment is bad. Expect monday will continue to drop? Tuesday is US election. Will gives a bit hope to our Bursa after election announcement. Everybody HUAT
Author: kiasutrader | Latest post: Fri, 30 Oct 2020, 10:09 AM
Blog Headlines (by Date) Blog Index Daily technical highlights – ( ESCERAM) Author: kiasutrader | Publish date: Fri, 30 Oct 2020, 10:09 a.m
Esceram (Trading Buy) • Esceram manufactures ceramic hand formers (another term for mould) which is used within a glove production line.
• With the increased production of gloves coupled with the rising number of new glove entrants amidst this global pandemic, we understand there is a strong demand of hand formers leading to a shortage within the market.
• We believe this would indirectly benefit Esceram through higher sale prices of formers for the foreseeable future. Case in point, Esceram’s recent 1QFY21 (May YE) results recorded is the highest ever revenue and bottom line of RM11.9m (+36% YoY) and RM3.2m (+320% YoY) since its listing in 2005.
• We note that hand formers can typically last 1-2 years but is susceptible to breakages every month. Hence, glove manufacturers will always need additional replacements for backups.
• Technically, Esceram has seen a sharp sell down over the past 2 weeks and we believe the current levels warrants a relief rebound – especially when the last closing price is hovering at 2 crucial support levels: (i) 50SMA and (ii) previous resistance turn support of RM0.60.
• Also, Esceram has been respecting the 50SMA well and has rebounded off this level 5x over the past 1.5 months. Hence, we see a strong case for a rebound play.
• Our target is pegged at the immediate overhead resistance of RM0.69 (R1: +15% upside) while stop loss is at RM0.54 (-10% downside)
The ceramic hand formers are essential and must have products in gloves dipping lines. Supply very tight and demand very strong bcos of more expansion and new gloves factories. Future very bright for esceram at list for two to three years
Research done by kenanga that the hand formers need to be replaced after twelves months bcos of heavy usaged. Imagine how big is the replacement and new dipping lines. Prices of hand formers would be increased too due to limited suppliers.
Based on my technical analysis and current sentiment (US election, Lockdown in several mportant players in economy and Msia budget) , the entry price should be around 0.44. Wish all of us the best. This is just an idea. You may have other thoughts. Just sharing. Cheers.
As the scandal about the collusion between Biden and the China Communist Party (hard disk incident) came to light, Biden charged millions of dollars. Many Americans asked Trump to imprison Obama and Biden, so Trump will definitely be re-elected as president! The stock market will rise!
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....
kmwong8711
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Posted by kmwong8711 > 2020-10-30 17:13 | Report Abuse
Start to accumulate below 0.60