thanks for sharing!

hi Dave Cheng, thanks for speaking to us here. If SCGM's products are oxo-degradable or photo-degradable, then the products likely won't degrade in the anaerobic conditions of our landfills (and Indonesia's, I presume). And EU is trying to ban oxo-degradable plastics because these might just break into microplastics and further harm the environment. Is SCGM going to address the limited potential (both environmental and economic) of these products?
https://www.european-bioplastics.org/eu-takes-action-against-oxo-degradable-plastics/
http://ecostandard.org/wp-content/uploads/oxo-statement.pdf

if anybody attends the AGM today, please share some insights and information. Thanks!

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".

@R40s. Hopefully you are right because that's a better reason than plain mismanagement or ineffective planning. Again, the fact that the QR didn't bother to provide more details is terrible and belittling us shareholders. In the next AGM, must strongly question them on their silly review section in the QR.

The expansion plan sounded really promising, especially when you factor in their fabric mill which they claimed would increase profit margin by 5%. Yet, I really don't like how the management said it was going to complete expansion plans in 2017, but haven't even used the allocated funds in the last QR. So slow! Why? No explanation given in the QR.

The ED, Mr Wong, has been replying to my emails very promptly and professionally in the past few years. That he is willing to respond to shareholder's enquiries is one reason I invest in this company.

I don't think we can find much fault or things to complain about ESCeramics' balance sheet. The management also seems fair and pragmatic, based on my observation during AGM and how they allocate funds.

My main concern is whether its automation can really translate into better profit margins and sales. This...is very difficult to determine, no?

@nikicheong "1) Considerably higher CAPEX than in previous quarters. Might pay off in the near future if this is further automation "

-- I asked the ED, Mr Wong, and he confirmed that the increased expenses in purchases of plant, property & equipment is for automation purposes.

@Sami_Value. I spoke to the ED 2 years ago and asked him how often customers replace their molds. He said generally 5 - 15 months, depending on the customers. He's also said that ESCeramics do not focus on meeting the expansion needs of customers, but rather the recurring income found in replacements.

I don't think Simon Loh can sell his remaining shares for another 18 months.

According to Note 6.1.iii of the "Notice of Unconditional MTO" to CIMB on 31/3/2017, it says
"as per the date of this Notice, the Offeror has received irrevocable undertakings from its PACs to not accept the Offer for all their remaining shares and to not sell their remaining shares for a period of 18 months after the completion of the SSAs"

Offeror = Actis
PACs = Simon Loh
SSAs = share sale agreements