KLSE: ESCERAM (0100)       ES CERAMICS TECHNOLOGY BHD ACE : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.25   -0.02 (7.41%)  0.25 - 0.27  278,300
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Ann. Date Ex Date Payment Date Type Subject Amount View
08-Sep-2017 03-Oct-2017 20-Oct-2017 DIVIDEND Ordinary Dividend RM 0.006 Dividend Detail
06-Sep-2016 22-Sep-2016 21-Oct-2016 DIVIDEND Interim Dividend RM 0.006 Dividend Detail
29-Sep-2010 11-Oct-2010 13-Oct-2010 RIGHTS_ISSUE Rights Issue 1 : 1 Dividend Detail
17-Jan-2008 25-Jan-2008 06-Feb-2008 DIVIDEND Interim Dividend RM 0.007 Dividend Detail
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  14 people like this.
Redpeople Top Glove 10B buy this ?
18/10/2017 18:38
2016v if real, can fly lor

Redpeople Top Glove 10B buy this ?

18/10/2017 18:38
19/10/2017 10:42
2016v really moving,
can cross 40 cts?
19/10/2017 11:58
newbie 99 what happen today?
19/10/2017 12:20
vxpoison Q result out end of this month. Now got a bit of show. See if the result will turn green..
19/10/2017 12:37
nikicheong Sold out at RM0.37, Loss of ~20%. Bought in at RM0.465 in March.

Good luck to the rest. Needed to close out this position as it is merely 1.5% of my total portfolio allocation.
19/10/2017 13:28
Winmore88 high chance might acquired by Top glove
19/10/2017 13:28
vxpoison Top glove won't acquire esceram la... Supermax has higher chances.
19/10/2017 13:46
vxpoison SHAH ALAM: Top Glove Corp Bhd will soon announce a major acquisition which will be around RM1bil, according to its chairman Tan Sri Lim Wee Chai.

“It is something good and we are 99% sure it’s in hand. We’ll announce it within the month,” he said at a press and analyst briefing at the company’s headquarters here on Tuesday.

The company that will soon be acquired by Top Glove is based in Malaysia and also produces gloves such as surgical gloves.

Top Glove said it is capitalising on mergers and acquisitons to achieve double digit growth in it revenue every year.
19/10/2017 13:55
2016v both the controlling directors have 30% about 61 m shares, if takeover at 40cts
total cost only rm25 million, really chicken feed to Top Gloves

If can takeover and control a co at low price, why not?
19/10/2017 14:14
2016v lets assume takeover price at 50cts for 61m controlling stake
just rm30 m, really kacang putih for controlling a PLC
19/10/2017 14:18
2016v the stake is below 33% for mandatory takeover offer to the rest

just speculate, hahaha
19/10/2017 14:22
Artemis TopGlove has their own former production facilities now and TG was never a customer of ESCeram. In addition, ESCeram does not pose any threat to TG and at the same time does not offer any synergistic benefit for TG given its miniscule size..
19/10/2017 14:40
TrippleZ Esceram produce surgical gloves ???
19/10/2017 15:00
Henry Tang It is a trap? new quater result release soon.
19/10/2017 18:38
jack2 if run up to quarterly results, meaning expectation of good result lor
19/10/2017 19:04
vxpoison Esceram need to break 0.425 for a reversal uptrend, or else, most likely just a short technical rebound for the pre-Q result!
19/10/2017 22:26
Artemis i guess syndicate was pushing this up yesterday...
20/10/2017 14:01
Tryingtogetrich does es ceramic refurbish old glove formers or they only sell new glove formers ?
23/10/2017 14:59
Tryingtogetrich 25th wednesday is the AGM...... unable to attend ..... can someone please please provide a short narration....... tq tq :)
23/10/2017 15:00
newbie 99 What happen this company!!!!
25/10/2017 18:00
Alex Lim Kayak. Haiz. Need to cut loss liao
25/10/2017 18:13
nikicheong Yes, game over for now. Luckily managed to out at RM0.37. This time may even drop sub RM0.30.
25/10/2017 20:58
Goldchia MH U buy u have to cit losses. Buy Lngres can make money.
25/10/2017 21:15
Goldchia MH Profit decreases 50% better sell.....
25/10/2017 22:12
kevin008 dun think will big drop..cause previously didnt up many
26/10/2017 07:25
lkoky Three consecutive QR down, not a good sign.
26/10/2017 07:58
Sami_Value al-fatihah
26/10/2017 08:04
jack2 http://tefd.theedgemarkets.com/2017/TEP/20171026q8b033.pdf
26/10/2017 08:17
jack2 cash rich and low price would be attractive takeover
target by Top Gloves
26/10/2017 09:04
fullcreammilk The Edge's article (link above) summed up the important points of the AGM conversation with the board. Also, when asked about possible acquisition by Top Glove, the CEO said "we have nothing on the table now".
26/10/2017 09:23
Rowie Obviously he can't comment as he is bound by bursa rules.
TG will announce the deals soon. If Esceram is one of them then is a good deal cos this is a well managed company with good mgt.
26/10/2017 09:39
Rowie Its ripe for a takeover
26/10/2017 09:42
jack2 true, if there is any material information, cant be announced even during agm
need prior board approval, then Bursa announcement

as long as the business is profitable and cashflow is good, this is just a storm in teacup
opportunities for the hawks
26/10/2017 10:13
jack2 esc also supply molds to TG
does make biz sense for TG expansion plans
26/10/2017 10:15
Rowie vultures & insiders too
If i'm not mistaken TG says announcements by end of the month & mentioned listed companies too in the glove business. So not long wait, just monitor price action by insiders
26/10/2017 10:21
vxpoison KUALA LUMPUR: ES Ceramics Technology Bhd, which reported its first drop in annual net profit in six years for its financial year ended May 31, 2017 (FY17), is looking at developing new ceramic formers for other dipping industries to reduce its reliance on the glove-making market.

“We want to further diversify our portfolio to include complementary new products within the dipping industry,” its chief executive officer Wong Fook Lin told reporters after the group’s annual general meeting yesterday.

This came amid declining utilisation in ES Ceramics’ Thai factory, said Wong, who did not provide an exact percentage but said that it is “rather low” at the moment.

The decline, he said, is in tandem with the decline in the group’s order book over the last few months. “Price competition among glove producers is stiff in the marketplace today. Some of our customers have taken a stand not to participate in the price war and, hence, [they] lose out on sales.”

“Their clients are also taking a wait-and-see approach [on prices before placing new orders]. All these pose an environment that is very difficult for us to operate in,” he added.

ES Ceramics saw its net profit drop 28.8% year-on-year (y-o-y) to RM6.33 million in FY17, despite revenue rising 11.06% to RM33.27 million. It attributed the lower profit margin to higher energy and material costs, as well as more competitive pricing of its products.

While emphasising that the global market demand for rubber gloves has seen single-digit growth y-o-y over the last few years, Wong is not expecting a significant rebound in the group’s performance for FY18.

“It does not help that key glove makers have been expanding so aggressively over the years,” he said.

“There is a price competition because some players are hungry. Why? Maybe they have increased capacity, but utilisation has not caught up.

“The market environment will be challenging, [at least] until all this excess capacity is taken up or normalises,” he added.

On its part, ES Ceramics has diversified from producing moulds for different glove types — examination, household, industrial and specialty — to include breathing bags and balloons as well. Wong did not reveal the latest products that ES Ceramics is looking to include in its list, noting that discussion is still at its infancy stage.

“We are talking to local and overseas customers who are not alien to us,” said Wong. “While this may not significantly impact our top line, this may help improve our utilisation rate and thus margins.”

The ACE Market-listed company has put some plans on the back-burner such as its intention to diversify into product packaging or the chemical sector and its planned transfer to the Main Market as it tackles hiccups in the adoption of automation — a company agenda since 2015 — to reduce operating costs.

The real issue in implementing automation, Wong said, is human capital. “We do not have the advantage of some manufacturers who can purchase turnkey machinery [to adopt automation]. Our machinery needs to be modified and tested. For that, we need engineers.

“But some engineers are from fields that are relevant to our operations, and some are inexperienced. We have been hiring and firing, that has caused our staff costs to increase slightly, but that will stabilise when the right team is established to speed up the adoption,” he added.

“Right now, our factories are not applying automation at a significant level,” said Wong. The group is currently focusing on less critical parts of the manufacturing line to allow for more room for modifications.

“The first objective is to make sure automation can work before it is being applied across the board. Only then can we look at improving quality,” he said, without giving a timeline for the adoption to be meaningful to ES Ceramics’ financial performance.

As at end-FY17, the group’s cash and bank balances stood at RM23.69 million — up 8.96% from RM21.74 million in FY16 — with relatively no borrowings. On that note, Wong assured shareholders that the cash pile provides the company with much-needed flexibility to stand by for the aforementioned activities.

“When the need and opportunity arises, we can have an edge over our competitors if there is sufficient ammunition and room to gear up the company in order to take action,” he said.
26/10/2017 13:47
Artemis "While emphasising that the global market demand for rubber gloves has seen single-digit growth y-o-y over the last few years, Wong is not expecting a significant rebound in the group’s performance for FY18." Gloomy outlook by the management themselves. If TopGlove wants to acquire a former manufacturer, i think companies like Mediseram will be a better target than ESCeramics...
26/10/2017 15:03
jack2 the CEO Wong shud work harder and think out of the box to get more business. ESC is a smallish company that can easily turn around with handful of big contracts from the big gloves companies etc
26/10/2017 15:59
Rowie perhaps he is not a big risk taker, he is slowly growing the company
look at the annual report....40-50 million shares are held by Investment Funds
his break may come if there is a takeover otherwise slow & steady.
yes i agree the ceo must secure bigger contracts & rub shoulders with the big glove makers
26/10/2017 16:11
Goldchia MH Ohmidofuk
22/11/2017 22:23
vxpoison 8 million transacted volume first half but only less than 2% buy rate. what is going on with ESCERAM?
07/12/2017 14:18
keong90 what is the reason buying rate so low but it still had price up?
07/12/2017 22:31
vxpoison changing hand!
07/12/2017 22:36
nikicheong This is just cross trades or between the same fund house (like RHB to RHB fund).
07/12/2017 22:44
Sebastian Sted Power niki, how you think this counter? Share your views just like CWG
08/12/2017 18:24
CharlesT Wait for RHB funds to dispose all first
16/12/2017 07:31
nikicheong @Sebastian, I "incorrectly" bought ES Ceramics in March at 0.465, sold in October at 0.370.

I have no strong opinion on ES Ceramics. I think there are better buys out there honestly speaking.
16/12/2017 14:03
proxxymax Artemis, can't find Mediceram is listed in BUrsa, any idea how are they doing compare to ESCERAM? Same same? Better? Worse? Then we know how is the hand former players all doing.
20/12/2017 10:18
BillyK ringgit strengthened, cost of import materials will be lowered
expect profit margin to increase
08/01/2018 08:21


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