revenue n earning down as compared to previous qr , still think that its recent rise is due to good qr ? LOL
Steel stocks earning rose sharply oso their share price didnt shoot up 30% within 3 days , what make u guys think that its sharp rise is due to good QR ?
Margin increase further compared to preceding quarter.. seems like profit still not reach its peak yet, I think it’s due to more spot orders leveling up it’s ASP..
But bear in mind Mr Wong mentioned during AGM that price will return normalcy but future business prospects still intact and good..
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.
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.
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...
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.
The decrease in revenue and production ouput was due to COVID-19 infection cases and factories shutdown during FMCO, not because of decrease in demand. ASP still healthy as of now as mentioned in the QR report so I believe market shall revalue it with a higher PE.
Bgt 9963 - you talk no sense. U think all gloves companies no need to change their old hand former? U talk as if you own a glove company? Low level thinking
Still have 31 mill ++ contract liabilities. Last quarter they had around 43 mil contract liabilities. They just delivered 12 mil for a quarter due to FMCO and close down. 12 million revenue from the existing contract and another 13 millions from normal sales. Next quarter should be easily to deliver back 35 mil revenue as they need to fulfill the outstanding contract of 31 mil ++.
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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....
anzhsb
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Posted by anzhsb > 2021-10-18 10:14 | Report Abuse
china property price is dropping .. the main source for their GDP ... they created too many ghost towns and ghost flats