THE INVESTMENT APPROACH OF CALVIN TAN

ES CERAMIC (0100) WILL ALSO JOIN COMFORT GLOVE, SUPERMAX, LUXCHEM, ADVENTA IN GLOVE BULL RUN, Calvin Tan Research

calvintaneng
Publish date: Fri, 24 Apr 2020, 03:53 PM
calvintaneng
0 1,799
Hi Guys,

I have An Investment Approach I which I would like to all.

Hi guys, PLEASE  READ TILL THE END AS I TYPE

It's getting more exciting by the day. Malaysian Glove Companies are breaking all time high as we type

See

 

KLCI pares loss as

 

glove makers scale

 

new highs

 

on MCO extension

April 24, 2020 13:05 pm (TheEdgedaily)

 

KUALA LUMPUR (April 24): The FBM KLCI had pared some of its loss at the midday break as index-linked glove makers scaled new highs following the extension of the movement control order (MCO) until May 12. 

The gainers included United Plantations Bhd, Top Glove Corp Bhd, Adventa Bhd, Kossan Rubber Industries Bhd, Supermax Corp Bhd, Hartalega Holdings Bhd, Far East Holdings Bhd and Pharmaniaga Bhd.

Top Glove gained 3.77% to RM7.16, while Hartalega added 1.33% to RM7.60.

Calvin must thank sifu pureBULL for bringing his attention

See

Posted by PureBULL ... > Mar 17, 2020 3:43 PM | Report Abuse X

i. -ve
There r lots of fund redemption. All Fund managers have no choice but have to sell across the board, all their stocks in hand including GLOVES.
ii. +ve
After this sudden crash, DOW should be in GOOD hands.
The brightest minds in wall.street MUST do something MORE effective asap to create a meaningful REBOUND now !

GLOVES too were sold down.
Thanks GOD, GLOVES r the only UPTREND stocks.
UPTREND is your friend, we must embrace tightly every-time ...

 

sifu  pureBULL words piqued my interest when posted on March 17th as the market collapsed in panic and fear

Like many others Calvin was also fearful

On hindside Gloves should have gone up but WHY THE SELL DOWN?

Read again sifu pureBULL's words

There r lots of fund redemption. All Fund managers have no choice but have to sell across the board, all their stocks in hand including GLOVES.
ii. +ve

Yes they were being sold down across the board by funds including GLOVES!

For CMSB & DNEX (owned by Censoff) there were FORCED SELLING BY MARGIN CALLS

But in the midst of panic selling

ONE PERSON STOOD OUT FROM THE REST

ES CERAMIC BOSS WAS BUYING

See

 

Ha! If he could manage his investment so well without being caught by margin call & still bold to buy when prices are cheap he must also be able to manage his company well

Let's do a Study on Es Ceramic

Es ceramic is supplying Hand former or Hand Mold for all Glove Companies

See


https://www.youtube.com/watch?v=1-uH0KmgU_o

 

SO IF TOPGLOVES, SUPERMAX, HARTALEGA, KOSSAN, COMFORT, RUBBEREX ARE DOING WELL ES CERAMIC SHOULD DO OK

BUT IF THESE GLOVE COMPANIES START EXPANDING THEN ES CERAMIC SHOULD SEE MUCH BETTER DAYS AHEAD

AND THE GOOD TIMES HAVE RETURNED FOR ALL GLOVE COMPANIES DUE TO COVID 19

THE WHOLE  WORLD NOW IN A LOCK DOWN. AND THE BEST BUSINESS ON EARTH NOW IS SELLING GLOVES

WORLD GOVERNMENTS ARE FLYING THEIR PLANES TO MALAYSIA TO FULLY STOCK THEIR PLANES WITH GLOVES AND IF COVID 19 LINGERS THEY WILL FLY BACK FOR MORE

THESE ARE SOME POSITIVE FACTORS

1) ES CERAMIC MEETS THE GOLDEN RULE OF 3 TIMES PROFIT GROWTH

See these table of contents:

 

July 2019 result below

SUMMARY OF KEY FINANCIAL INFORMATION
31 May 2019

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 May 2019
31 May 2018
31 May 2019
31 May 2018
$$'000
$$'000
$$'000
$$'000
1 Revenue
9,383
5,902
32,486
25,186
2 Profit/(loss) before tax
874
-649
785
235
3 Profit/(loss) for the period
875
-649
786
234
4 Profit/(loss) attributable to ordinary equity holders of the parent
875
-649
786
234
5 Basic earnings/(loss) per share (Subunit)
0.40
-0.30
0.40
0.10
6 Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00
   
AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7 Net assets per share attributable to ordinary equity holders of the parent ($$)
0.2500
0.2400
 

 

 

OCTOBER 2019 RESULT

SUMMARY OF KEY FINANCIAL INFORMATION
31 Aug 2019

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Aug 2019
31 Aug 2018
31 Aug 2019
31 Aug 2018
$$'000
$$'000
$$'000
$$'000
1 Revenue
8,753
7,360
8,753
7,360
2 Profit/(loss) before tax
1,006
447
1,006
447
3 Profit/(loss) for the period
1,006
448
1,006
448
4 Profit/(loss) attributable to ordinary equity holders of the parent
1,006
448
1,006
448
5 Basic earnings/(loss) per share (Subunit)
0.50
0.20
0.50
0.20
6 Proposed/Declared dividend per share (Subunit)
0.60
0.60
0.60
0.60
   
AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7 Net assets per share attributable to ordinary equity holders of the parent ($$)
0.2500
0.2500

Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:
 

Country Base Unit Subunit
Malaysia Ringgit Sen
United States Dollar Cent
United Kingdom Pound Pence

 

 

JANUARY 2020 RESULT

SUMMARY OF KEY FINANCIAL INFORMATION
30 Nov 2019

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Nov 2019
30 Nov 2018
30 Nov 2019
30 Nov 2018
$$'000
$$'000
$$'000
$$'000
1 Revenue
8,949
7,417
17,702
14,777
2 Profit/(loss) before tax
1,037
46
2,043
493
3 Profit/(loss) for the period
1,037
46
2,043
494
4 Profit/(loss) attributable to ordinary equity holders of the parent
1,037
46
2,043
494
5 Basic earnings/(loss) per share (Subunit)
0.50
0.00
1.00
0.20
6 Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00
   
AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7 Net assets per share attributable to ordinary equity holders of the parent ($$)
0.2500
0.2500

Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:
 

Country Base Unit Subunit
Malaysia Ringgit Sen
United States Dollar Cent
United Kingdom Pound Pence

 

 

ALL THREE QUARTERS GROWTH TURNED POSITIVE

ALL THREE IN INCREASING PROFIT ORDER

 

2. THE CASH PILE OF ES CERAMIC HAVE BEEN INCREASING EVERY QUARTER MORE AND MORE

See

 

A) Cash and cash equivalents at end of period for April 2019          Rm17,181,896

B) Cash and cash equivalents at end of period  for  Aug 2019       Rm19,584,137

C) Cash and cash equivalents at end of period for  Nov  2019       Rm21,477,843

 

 THE FANTASTIC CASH HOARD OF ESCERAMIC KEPT INCREASING EVERY QUARTER

HOW MUCH CASH PER SHARE?

About 10.35 sen

At 36.5 sen Real Time now

It is about 28% NET CASH!

This is a really wonderful company selling at fair prices riding on the GREAT GLOVE STORY OF TOP GLOVE, HARTA, SUPERMAX, KOSSAN, COMFORT GLOVE AND RUBBEREX

 

RUBBEREX?

 

YESSS!!!

3) RUBBEREX WILL BE STARTING ITS BRAND NEW EXAMINATION NITRILE GLOVE FACTORY FOR ANOTHER BILLION GLOVES

LOTS OF HAND MOLD OR FORMER WILL BE NEEDED

ES CERAMIC STANDS A VERY GOOD CHANCE AS OF TODAY IT ALREADY SUPPLIED 30 MILLIONS GLOVE HAND FORMER IN MALAYSIA!!

SUPERMAX HAS SEVERAL FACTORIES IN SELANGOR & SERENDAH FOR ADDED EXPANSION

NOT TO BE OUTDONE TOP GLOVE (SEE THEY DON'T WANT OTHER COMPETING GLOVE COMPANIES TO OVERTAKE THEM , AFTER ALL THEIR NAME WILL BE AT THE TOP) IS ALSO EXPANDING FEVERISHLY

ALL SUNDRY AND EVERY GLOVE PLAYER ARE ON FIRE AND EXPANDING LIKE NO TOMORROW

4) WHAT IS THE P/E OF ES CERAMICS IN COMPARISON TO OTHER GLOVES (OUR CALCULATION SHOWED THAT THE AVERAGE GLOVE COMPANY P/E IS 30.28

Now last quarter Esceramic earned 0.5 sen and the share price now (oops drop to 35 sen)

Ok at 35 sen let's calculate

0.5 sen x 4 qtrs = 2 sen

At 35 sen the P/E is 17.5 

Now let's see 5 Gloves' P/E again

Comfort 19.42 (Note Comfort should have an edge due to its mostly examination gloves as opposed to rubberex industrial gloves)

Rubberex 17.69

Top Glove 39.22

Harta 53.8

Supermax 21.3 (Calvin's favourite)

All 5 = 151.43

After division = 30.28 (P/E)

Now what if ES CERAMIC 's P/E adjusted to 30.28 WHAT WILL BE ITS FAIR SHARE PRICE BE?

The formula is

30.28/ 17.5 x 35 = 60.5 sen

Is the Fair Value of Esceramic 60.5 sen?

 

But the goal post is changing everyday with the Change of Fortunes brought by Covid 19 World wide

All Gloves' prices are spiralling up and their P/E also gone up in tandem

So can expect the same for ES CERAMIC 

After after It Commands Extraordinary prices for E (EXTRA) S (SPECIAL) CERAMIC

 

Best Regards

 

Calvin Tan Reseach

 

Please buy or sell after doing your own due diligence.   In doubt consult  your remisier or fund manager first

 

By the way

If the Management able to take care of his personal finances so well 

(Able to buy when share prices were sold in panic)

They also took good care to see Esceramic Cash Pile growing from year to year

So our monies are invested with Safe hands

 

Ok before i forget

Esceramic is now 35 sen. Calvin has a Target price at 50 sen to 60 sen in 6 months time

 

 

 

 

 

KLCI pares loss as glove makers scale new highs on MCO extension

 

Discussions
1 person likes this. Showing 23 of 23 comments

tansoonyg

Thank you Calvin,
Next week ES_CERAMIC will follow LUXCHEM stage.
Can easily make 50 percent profit.

2020-04-24 17:07

Sky Soo

Most nonsense research by the speculator.

2020-04-24 18:38

Goldberg

The hand gloves industry in Malaysia will see massive expansion to ramp up production. Esceramic will definitely benefit as formers (hand glove) will be in big demand. They are probably the biggest in the world. My TP is around 60 cents .

2020-04-24 22:38

diehardunited

Bullshit. Too much fools everyone although the share price spike!

But this stock below make sense for everyone to enjoy riding a skyrocket rally!
https://klse.i3investor.com/m/blog/fatprofitstock/2020-04-25-story-h1506132918-FORGET_GLOVE_RELATED_PLAY_THIS_STOCK_CAN_RALLY_A_SPIKE_EVEN_MORE.jsp

2020-04-25 06:51

diehardunited

There is no way esceram will make profit like rubber glove players will do because rubber glove players has no time for expansion during the crisis!

2020-04-25 06:55

Goldberg

Demand for ceramic formers looking good. Here are the expansion plans for Kossan, Harta Supermax & Topglove

Planned Expansion - Hartalega
The first 4 lines of Plant 6 (installed capacity of 4.7b pieces) have commenced commercial operations and the remaining 8 lines are expected to be gradually ramped up. Plant 7 is expected to be commissioned by early 2021, which will focus on small orders as well as specialty products with an installed capacity of 3.4b pieces. All in, Plant 5, 6 and 7 will add a total capacity of 12.1b pieces, raising installed capacity to 43.7b pieces per annum.

Planned Expansion - Kossan
Kossan is embarking on an aggressive capacity expansion as opposed to their past historical conservative expansion stance. Recall, beyond plant 19, land clearing is underway in the Bidor plant, and the first plant is expected to start commercial operation sometime in 2021, earlier than the previously targeted 2022.

Planned expansion - Supermax
Acquired two pieces of land over the past 12 months. Looking ahead, growth beyond FY21 is underpinned by capacity expansion via two land acquisitions. SUPERMX recently acquired a piece of industrial land for RM20m measuring 4.1 acres while back in July 2019 the group had acquired a piece of land measuring 16.1 acres for RM65m. Both lands are adjacent to its current Maxter Plant in Klang the merged and enlarged land tract and subsequent expanded facility within the vicinity of its Maxter Plant should yield operational synergies and greater economies of scale. The 16.1 acres land is earmarked for plant 13,14 and 15 with an estimated capacity of 4.4b pieces for each plant over the next few years. The 4.1 acres land is slated for one plant with an estimated capacity of 4.7b pieces per annum.Expansion plan. Despite the MCO in Malaysia, Top Glove does not expect any delay in the commissioning of the 1st Phase of its F40 Plant (+2.7bn pcs nitrile gloves pa), which was scheduled to start operations in 2QCY20.

Planned Expansion - Topglove
Top Glove does not expect any delay in the commissioning of the 1st Phase of its F40 Plant (+2.7bn pcs nitrile gloves pa), which was scheduled to start operations in 2QCY20.

2020-04-25 10:42

calvintaneng

How Es ceramic will benefit by Topglove, Hartalega, Kossan, Supermax, Comfort glove, Rubberex, Riverstone (Spore) & all other Glove companies expansion in Malaysia, Singapore, Thailand & Indonesia & all countries (IT HAS PRODUCED AND SOLD 30 MILLIONS HIGH QUALITY HAND FORMERS TO DATE) ONE HAND FORMER RETAILS FOR AROUND RM50 to RM100
So lightweight Esceramic company has reached Billion Ringgit revenue and growing

Top Glove is Top in World Production. ES CERAMIC could also be said to TOP IN HAND FORMER OR CERAMIC HAND PRODUCTION IN THE WORLD

Some salient factors for ESCERAMIC

1) It produces the highly valuable Surgical & Examination Hand Former which command the highest prices

You cannot fool around with substand Hand Formers as Surgical & Examination Ceramic hands MUST BE of HIGHEST SAFETY

My son Dr David Tan graduated with MBBS after 6 years of Study in one of Australia's Top University

Why it has to take 6 years to get a Doctor Degree?

MBBS means

Bachelor of Science
Bachelor of Medicine

Double degree in One. What so long. Because it INVOLVES LIVES!
THE MOST SEROUS BUSINESS. HUMAN LIVES!

So is the Manufacture of SURGICAL GLOVES/ EXAMINATION GLOVES HAND FORMERS BY ES CERAMIC

My friend Dr. Lim Yew Cheng the Heart Surgeon of Gleneagle Hospital told me personally he use 2 Surgical gloves (not one) when he does heart surgery on the OT (Operating Theater)

Why he has to wear 2 layers of surgical gloves (instead of one)?
Because he said after finishing operation once he discovered that there was a minor cut in his glove. So for added safety he wears 2 gloves.

SO IS THE BUSINESS OF ES CERAMIC THAT HELP IN THE MANUFACTURE OF HAND FORMERS WHICH HELP TO PRODUCE 300 BILLION GLOVES THAT MALAYSIA EXPORTS WORLD WIDE

2) Thru a new found surge of Glove demand from Whole World in Covid 19 lock down there is an urgent need for more Gloves

This will lead to more building of New Glove factories which in turn will increase the demand for Hand Formers or ceramic hands

3) Rubberex already planned to a new factory which will add another Billion nitrile examination gloves

4) SUPERMAX has bought more factory land in Serendah to expand Glove production

5) Since TopGlove goes into 24/7 production the wear and tear of glove hand formers will increase. Any defect or crack thru constant non stop use will need replacement

SO ALL THESE ADD UP

2020-04-25 10:43

Talib

sohem, now only call gloves?

2020-04-25 13:14

calvintaneng

Now only call gloves?

Yes only if you know where to look

Covid 19 created Huge Demand CATALYST FOR GLOVES

1. FIRST TO GO UP ARE TIER ONE GLOVES LIKE TOPGLOVE, HARTALEGA, KOSSAN, SUPERMAX

2.FOLLOW BY TIER TWO COMFORT GLOVES, RUBBEREX, ADVENTA

3. FINALLY IT REACHES GLOVE MATERIAL SUPPLIER LIKE LUXCHEM & ES_CERAMIC

SINCE LUXCHEM HAS POWERED UP AND ES_CERAMIC STILL A LAGGARD

THE BEST INVESTMENT NOW IS ES_CERAMIC

FROM HERE THE UPSIDE OF ES_CERAMIC WILL BE GOOD

ONLY HOW GOOD WE DON'T KNOW AS YET

SEE NEXT WEEK IF ES_CERAMIC CAN BREAK THE 50 SEN BARRIER TO REACH 60

IT MIGHT GO MAD AND BREAK THRU 70 SEN POSSIBLE

2020-04-25 14:05

calvintaneng

Bull run follows a pattern like an incoming tide

When the tide comes in it first lift up the Bigger Ships parked out at sea coast

The second wave lifts up middle weight boats nearer to shore

The 3rd wave finally reached to the smallest vessels stranded on the beach

All will be lifted up eventually by the power of an incoming tide

All glove and glove related companies will benefit from the UPSURGE OF DEMAND CREATED BY COVID 19

2020-04-25 14:15

calvintaneng

Fantastic News for ES_CERAMIC

THAILAND NEW GLOVE COMPANY FINING IPO IN THAILAND

SEE

Top Thai medical gloves maker files IPO as pandemic spurs demand
Sri Trang Gloves aims to ramp up production capacity to 32bn pieces a year

32 BILLION GLOVES TO CHALLENGE TOP GLOVE

AND THE TOP COMPANY FROM MALAYSIA TO BENEFIT FROM THIS THAI GLOVE IS ES_CERAMIC BECAUSE ES_CERAMIC DERIVES THE HIGHEST REVENUE FROM THAILAND

NO WONDER CEO OF ES_CERAMIC WAS BUYING SHARES WHEN PRICES CRASHED IN MARCH

https://asia.nikkei.com/Business/Health-Care/Top-Thai-medical-gloves-m...

2020-04-26 00:52

air01557

Diehard dont come here to promote you stock. Go to Minetech and promote there.

2020-04-26 01:05

calvintaneng

FROM ES_CERAMIC OFFICIAL WEBSITE
https://www.esceramics.com.my/

CORPORATE PROFILE

Since 1998, from its humble beginnings in Ipoh, Perak, ES Ceramics have grown to be known as one of the main quality producer of ceramic formers subscribed by the glove industry throughout Malaysia. In 2005, ES Ceramics was the first and only handformers manufacturer listed in the ACE Board of Bursa Malaysia Securities Bhd. and remains listed until today.



ES Ceramics started with producing formers for examination gloves. Today we have expanded our formers range to surgical, household, industrial, ballons and speciality formers - endorsed and supported by our French technology partner, COQUET, who are masters in household and industrial formers, with more than 50 years of designing experience; supported with a background of solid reputation for creative and practical design and quality control solutions.



ES Ceramics today have successfully grown to be a heavyweight former manufacturer in Malaysia and also operating in Southern Thailand with its own manufacturing plant.

Read again: "" with more than 50 years of designing experience""

2020-04-26 09:20

calvintaneng

BODOH 3iii MISSED ES CERAMIC

STUPID MIKECYC TRIED TO STOP ES CERAMIC BUT FAILED!

2020-07-17 23:17

calvintaneng

ESCERAMIC UP A CHUN CHUN MORE THAN 500% FROM 35 SEN A ESCERAMIC GAVE FREE BONUS & FREE WARRANT

NOW SELL ESCERAMIC AND

GO BUY FGV

FGV WILL BE ANOTHER CHUN CHUN ONE!!!

2021-04-24 20:18

Goldberg

Calvin -Felxidynamics is worth looking at as it is related to the glove industry. Currently it is out of the radar of the investing public. Thanks Bro .. god bless.

2021-04-24 20:25

calvintaneng

Goldberg

YOU BETTER NOT MISS THE BEST KEPT SECRET OF ALL

A COMING SUPER SUPER SUPERRRRRRRRRR BULL FOR ALL PALM OIL STOCKS LIKE NEVER BEFORE

THIS WILL BE A ONCE A CENTURY FAMINE!!

SO DON'T MISS PALM OIL AS PALM OIL IS FOOD IN 50% OF SUPERMARKET

NO CLOTHES CAN SURVIVE

NO CAR CAN SURVIVE

NO HOUSE CAN ALSO SURVIVE

NO FOOD FOR ONE DAY, ONE WEEK OR ONE MONTH?

NO FOOD FOR ONE MONTH

SURE DIE!!!

2021-04-24 20:29

Goldberg

Many Thanks Bro. Calvin.


YOU BETTER NOT MISS THE BEST KEPT SECRET OF ALL

A COMING SUPER SUPER SUPERRRRRRRRRR BULL FOR ALL PALM OIL STOCKS LIKE NEVER BEFORE

THIS WILL BE A ONCE A CENTURY FAMINE!!

I will pray that with god's providence and mighty power that this (famine ) does not happen.

Shalom.

2021-04-24 20:35

calvintaneng

May God protects and bless you Goldberg

2021-04-24 20:36

calvintaneng

Thplant also meet the golden rule of 3 qtrs profits

Thplant like Esceamic has potential to go up few hundred per cent

2021-04-24 21:16

chopstick

calvintaneng is right, I made the most money in this stock when they BI 1:1 with free warrant

2021-04-24 21:40

calvintaneng

Latest up date 10th July 2022

Esceramic Boss bought when everything was sold across the board because Boss planned to give Free Bonus & Free warrants which all know nothing then

AFTER NEWS OUT THEY CHASED ECERAMIC UP 700% TO OVER RM2.00

NOW PLEASE SELL ALL ESCERAMIC AS GLOVE GAME OVER DUE TO CHINA FIERCE PRICE WAR

AND GO BUY TSH RESOURCES NOW BEST AT RM1.03!

LAST TWO MONTHS EVERY PALM OIL SHARES SOLD DOWN ACROSS THE BOARD

BUT TWO DIRECTORS WERE BUYING

FROM RM1.79 TO RM1.643 & ALL THE WAY DOWN WHEN PEOPLE SOLD IN PANIC

WHAT HAPPENED IN ESCERAMIC CAN BE REPEATED IN TSH

BIG THINGS ARE PLANNED FOR TSH

2022-07-10 13:32

Post a Comment