announced some dividend la...sigh

even with lower ASP price of gloves, Evermix can still improve their profit margin and pass this cost to Glove Manufacturer.

Notwithstanding the questionable decision of purchasing Evermix, ES Ceramics results is remarkable.

Net income: RM48.6m (up 61% from FY 2021. Profit margin: 42% (up from 33% in FY 2021

2021).

Revenue: RM115.9m (up 25% from FY 2021

Full year 2022 earnings released: EPS: RM0.096 (vs RM0.067 in FY 2021)

anyone went to the EGM?

kutip kutip

*higher than our RON 97

then the next question shall be, why does China retail petrol price per litre is around RMB 9.70 which works out to even our RPN 97. if they can get cheap russian oil,their domestic pump price should be a lot lower?

okay...so what you are saying essentially there is a secondary market where China can buy cheap russian oil and bypass the need to buy expensive oil at international market

I think the current business and levels of profit is good. But the acquisition of Evermix does not look like a good use of all the cash that the company accumulate

when is the EGM...sounds like they are many displeasure with ES Ceramic using this cash accumulated to purchase evermix

well it still have to go through EGM...for now and the current account position, ES ceramics is still fundamentally a good business

but not much synergy between current business actually...
buying a ready mix concrete business...the margin is quite thin...

why would they choose to diversified into ready mix batching plants....sigh

To be honest, the company do have the cash to fund this venture. but the question is whether this is the right move? Should just give dividend back to all share holder...the proposed company profit is peanuts to be honest

but the only problem is Mr Market timeline is taking too long to realise the potential. other than that, I am happy to accumulate in batches until Mr Market shows a course correction

which is a good thing for buyer? when Mr. Market offers a bargain for this stock, we should be happy to snap. but the only

buying more tomorrow...such low PE....Marks Dynamics their closest listed competitor trading at 11 PE in Jakarta...upside of 3 to 4 x

all say no good...now sudden so many competing with me to buy ...lol ..straight offer 0.36

Mark Dynamics is trading at 11x PE. ES Ceramics is only 3.6x PE. If you look at Mark Dynamics annual results for 2021, the profit and revenue increase by 100 %. This indicates that the market for hand formers are still very good despite the pessimism with glove industry revenue and profit

Well depends how you look at it. If you are in for the long term (god knows when), all the key metrics shows that the company is significantly undervalue. Its peer in Jakarta, Mark

even when glove was in trend, this counter didn't went up a lot.... is just the timing but overall a great stock that I am happy to keep anyday that g

haha...yea. quoting Warren, the share market is a popularity test in the short term but is a weighing machine in the long run. the only question is when. if you want immediate results, not now as glove is not in trend

@kingbeast, glove is not the theme now but sooner or later especially it move to main board, it will get it's due recognition

This is the type of business if I kena Supreme Toto, I will buy a substantial stake of the company

I will just keep buying. the market will eventually recognise this GEM

with this QR the FY result will certainly be better than FY 2020 and 2021 even with lower ASP of glove. Certainly a good sign. The company is very undervalue if we compare to its peer in Jakarta Stock Exchange

excellent QR actually. This demonstrate the resilience in the business even with lower ASP of the glove industry.

with such fundamentals, if ES ceramics go main board, they got better prospect of getting more retail and institutional investor

...with such a strong fundamentals, it is only a matter of time.

not much movement

why only drop so little ..haha ...really cold fridge stock...no up no down

Huat Ah

Tasco have the cold chain capability. rocket waiting to fly

Each transition ..built up your capital then roll it bigger and bigger....by the time u reach recovery stocks. hopefully it is already 250% from your initial starting point

my pick will be top glove > Pharmaniaga / Tasco >>>ultimately Genting...

many people transitioned straight to Genting and AirAsia...too early I will say now is still glove then slowly. move to vacinne logistic then move to other recovery stocks

Strategy for next 12 month should be Glove Industry >> Logistic / Cold Storage >> Genting / AirAsia...You just need to know the right time for transition

it is funny how investor think Genting can recover instantly. it will probably take months if not one more year for such complicated distribution and manufacturing. have faith in top glove.

so strategy is continue buy gloves stock...and monitor recent development. when time is right, cross over to cold storage logistic player

that's why we should have confident in glove stocks at the same time monitor and slowly transitioned to Tasco when vacinne is ready. regardless of which vacinne. they all need to be store near freezing temperature. I think only Tasco have such capacity.

They are now working on a variant that can be store in regular chiller like Ice Cream. but maybe still months away

many vacinne especially Pfizer need to be store below negative 80 deg. that is just logistically impossible

Relax...not so easy to transport the vaccine. I continue to top up glove stock and Tasco ..the vacinne not so easy to deliver

well said

@BonZema72

From 2020 Annual Report:
1. Tasco cold chain segment is currently 16% of Group Total Revenues
2. The only cold chain company in Malaysia with capability at international market.
3. Total Cold Room capacity of 37,000 pallets and 170 refrigirator trucks.

need to effectively distribute before we see profit coming back to Genting.