Posted by shrewdinvestor > Oct 26, 2021 10:05 AM | Report Abuse

https://pinpoint-insights.com/interx/tracker?op=click&id=16818.399...

Tq.

The reports didnt take into account the recent corporate restructuring with the prospects of business diversification. Really hope the new managemnt will take the lead to kickstart more aggressive IR activities.

Posted by wolfofWS > Oct 26, 2021 8:27 AM | Report Abuse

RHB Research Report today with TP RM0.90!!!

do u hv the link of the report..can fwd here?

so far market not that receptive to the Bod changes... Need to tell their biz plan moving fwd..

damn this counter...very good in trapping ..suda kena..damn

During the AGM the mgmt has iterated that the share price will reflect the fundamentals of the co... guess it is what it is now..

Coma mode

But why the hell they follow glove trend
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The problem lies in their mgmt esp Captain Wong, whom dont like to engage in IR activities. Even when asked about their future plans, always give evasive and safe answers. IB and FM want to know somethg new about the co future plans..not those they oredi know. The mgmt attitude has to chg.
The co has strong fundamentals and sustainable book orders for the coming year but for the co share price to go up, they need to engage in IR activities and differentiate emselves from glove...Good dividend, Shariah compliance & transfer to mainbod wld be able to entice insti to comein at the least. The co oso have to plan to diversify on new products within the ceramic industry.

The positive perspective from the AGM are the business still strong goin into 2022. Another is they have submitted to SC for Shariah compliance.
No firm commitment from the mgmt on upcoming dividends and transfer to main board. They seems lost on what s happening to the share price.
It seems their main focus is on the operations only and not on shareholders value. Might as well take the company private if dont want to care on the share price.
Without any effort on IR, the price will be sideways for a long time, doesnt matter how good are their profit will be.

AGM on Tues 28th September 2021 10am.
The agendas silent on few thgs that investors have been anticipating all this while
1. Declaration of Dividend
2. Application as Shariah Compliance
3. Transfer to Main Board
If none of the above is in the Current management mind,and coupled with negative sentiments on Glove stocks then the future looks bleak for the price to go up.
The mgmt has to wakeup and realised that with no Investor Relation exercise, there wont be much interest from insti and hence price will dwindle downwards.

in my opinion, there are 2 main reasons for the drop in Esceram price recently.
(1) Dilution of EPS..whereby for the last 1 month there has been heavy conversions of warrant. Just a month ago, the NOSH is about 460m but now it has increased to 501m.
(2) There are heavy selling, most likely by the warrant convertors. I would suspect that the old shareholders that still have many warrants and their cost price is low, are the ones that are selling. R&R bought in only recently and their cost are on the high side, hence it is illogical for them to sell off at this current price.

However, the FA of the co is still strong and can expect that QR4 result would be a bumper one, hence the Yrend 2021. Hopefully, they are enroute to syariah compliance and main board transfer by year end.

just to share some lights guys..feed from reliable sources..Rosli n Rosland sell due to some rationalization program done last week. Eventho, they seems to be selling last few days, but in the end they have increased their stake in the company collectively via their PACs and norms from 14% to 20%. They are due to get a BOD seat soon.
They ll also be announcing some sweeteners to shareholders soon.

So..relax. The game plan is still on.

hold tight...if possible add more..good news are coming..

hop on, hop on...still long way to go..

Vroom..vroom...board now..dont miss the flight...next wk will fly..

The icecream just out from the freezer...Q3 shld be out by the end of t week...expecting bumper result...about 50 to 60% higher than Q2..next week wil fly..good entry now

buy, buy more...q3 results next wk...bumper results..

big announcement coming..board now..

big news coming...board the train early..

latest acquisitions by Dato Kamal, his son n Rosli are significant moves in the corporate side of the co...make sure dont miss the train..board early..