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Author: smartinvestor88   |   Latest post: Tue, 11 Aug 2020, 11:59 PM

 

ES Ceramics Technology Bhd (0100) – Running full capacity to meet the demand from Glove Companies

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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.

 

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-04-24-story-h1506110752-ES_CERAMIC_0100_WILL_ALSO_JOIN_COMFORT_GLOVE_SUPERMAX_LUXCHEM_ADVENTA_I.jsp

 

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Labels: ESCERAM

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Chart Stock Name Last Change Volume 
ESCERAM 0.715 -0.015 (2.05%) 73,351,300 

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