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Smartinvestor88 - Fundamental Stocks Finder

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

 

ES Ceramics Technology Bhd (0100) – Potential LIMIT UP STOCK

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ES Ceramics currently running full capacity at both manufacturing plants in Ipoh Malaysia and Thailand to meet the high demand from Glove Companies. The PAT for Q1 2021 (Jun – Aug 2020) is expected to be RM4mil – RM5mil. If to annualised X 4 quarters, PAT for FYE 31 May 2021 is expected to be RM16mil – RM20mil.

Based on PE of 10 – Target Price = RM0.76 – RM1

Based on PE of 15 – Target Price = RM0.761.14 – RM1.5

Based on PE of 20 – Target Price = RM1.52 – RM2

 

All the 4 major glove players (Topglove, Harta, Kossan and Supermax) are looking for expansion by building more factories to meet the high demand of gloves globally. All the new factories will definitely need MORE HAND FORMERS.

INVESTMENT BANKS HAVE CONSTANTLY RERATING UPWARD ALL 4 MAJOR GLOVE PLAYERS TO HIGHER AND EVEN HIGHER PRICE TARGETS. THIS IS THE BEST TIME TO BUY GLOVE PRODUCTION SUPPORTING COMPANIES LIKE ES CERAMIC.

 

MY PERSONAL TP IS RM2 FOR ES CERAMIC. WATCH OUT THIS STOCK.

 

 

 

 

 

 

 

Disclaimer: This article should not be viewed as a buy or sell any of the stock mentioned herein and shall not be responsible for any losses resulting from investment.

 

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KINGCOBRA too much of imaginations lol
14/07/2020 3:58 PM
greedy44444 My personal TP is RM20
14/07/2020 6:55 PM
mkmike The last time esceram had experienced a 20/40EMA Golden Cross on its monthly chart was way back in Sept 2013. Soon after the Golden Cross occurence, its share price went up for the next 8 months consecutively. Fast forward 7 years later, on the month of June, ecsceram has yet again reached a 20/40EMA Golden Cross on its monthly chart.

Will the TP RM2 plausible? Judging by the projected earnings and sales for the coming months, I think it's very likely.
14/07/2020 7:25 PM
nickcome508 Sharks are collecting, hold tight & sell high...
21/07/2020 9:20 AM
mkmike History will always repeat itself.
01/08/2020 2:50 PM


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