Good morning, I am not a financial expert but I feel compelled to comment when I see some parties shooting down this company where at the AGM I observed honest people who came all the way from Ipoh (mainly retirees) believing in a good company. They have been for years with this company and made the right decision:

1) After the exercise, assuming the two main directors exercise their ESOS , Dato Kamal- 22.37% and Wong Fook Lin: 17.57%. Tightly held. The other directors ESOS was only 200,000 shares each .Their current shareholding is peanuts. Who is going to play the market and sell? There is a moratorium on ESOS and only 23 m shares(16.5 m at 0.60) which is roughly 10% of issues shares. It cannot be sold before exercise. Kamal has never sold even 1 share to date and Wong declared some small quantity and traded, what's wrong? So, Directors have to announce to bursa if they want to trade in advance . So ,I think we are all dreaming of a conspiracy theory.

2) My own view, quarter results announced end October will be sign of more good things to come. Results will support this exercise, share price will be steady and no sell off as some people are dreaming. Perhaps they want to scare honest people to dump so that they can pick up cheap. That's irresponsible.

3) I am OK with different views but do not mislead the public. I think we all know who will start picking up and come under a different name in this forum once baseless facts are given. Sad...

That's my 2 cents worth...

That's probably the one. Thanks. So we have upsides for sure...

@Tkeng, sorry bro, not sure as again it was some market talk ..

Market talk is that there is an asset disposal exercise. No firm confirmation. Price will easily be above $1 very soon... Please make your own investment decisions

Guys, a few key takeaways from the AGM and I put this for investors who are serious and looking for facts:

1) Capacity was inferred to as 400 K pcs/mth combined in M'sia and Thailand

2) Very healthy order book and Management is trying to increase capacity by automation and debottlenecking. Most formers companies are sold out for 2021. This I heard from the market

3) 4th Q (March to May 2020) was high demand but low output as MCO cut their production almost 50%. Supply chain, labour etc was impacted, I hope all of you remember that! Hence QR results was not stellar.

4) Going forward , with increased pricing power as demand exceeds supply. It's a no brainer that this company will exceed the normal past profits. This is a gem

5) So, we can be assured of dividends, share appreciation etc in the future.

Good luck to all!

The capacity utilization has definitely increased as more orders. Results for 4th Q will definitely be good. Otherwise the Directors will not have the guts to do this corporate exercise as they are prudent people. Good luck!

@Adcool :Really cannot comment but I reckon they didn't fully sell out the capacity.. This should improve greatly now with demand exceeds supply.

@AdCool, good questions. All glove counters were also laggard prior to Covid and demand for formers was not that high. The growth is definitely there in the examination formers as this is the one required to produce gloves for Covid scare. The household, surgical and Industrial formers are required but much smaller than exam but prices are at least 4-5X higher. I reckon almost 70-80% will be exam formers. Capacity is approximately 400K/mth combined Ipoh and Thailand if I remember fro past years announcement.
ASP is anyone's guess..as it is dynamic...

Many investors are also confused with glove formers and gloves. Gloves are produced in a continuous process and not complicated. It's a volume game and barriers to entry are so low. Banglas can do the job. You can observe that even property companies etc are wanting to produce gloves.

For the size of Esceram capacity for formers, it will take at least 1 year to build the plant and obtain the machinery. That's the easy part. To train the workers will take another year depending on the task. So, barriers to entry very high, earnings much later and companies who are short term won't go in. There are not enough skilled workers in the Ceramic industry. That's why your share will appreciate long term.

1) Ceramic dipping formers are supplied as replacements and expansions as we see all recent announcements. Business can only go up!

2) Irrespective if Top Glove , Supermax etc etc share prices are down, expansions will go on as Capex has be incurred and formers will be needed. So good for Esceram. Don't worry about share price of glove counters. This is totally irrelevant as more gloves are needed globally and more formers are required.

3) Esceram will produce more formers/more revenue /more profit at least for next 3-4 years. Fantastic counter to hold and enjoy share appreciation/benefits and dividends. This will be a blue chip in the future as Management is strong

So, please relax and enjoy the ride and not getting nervous daily. Thanks

@ Lanesra, what is the lesson? What are you saying about fundamentals? You know this company and business or just being a smartass?

Long term investors will be rewarded. Fundamentally strong, not for uninformed people...

We should congratulate the CEO and team for being honest as MCO affected everybody as production could not run full. The full year ending 31st May was better than previous year even with MCO. The full impact of the increased earnings will start in the new financial year. Fundamentals still intact and a safe counter for serious investors. Plenty of upsides still.

Esceram CEO is a Chartered Accountant and Directors are all finance background. They are very cautious and responsible people. They will let the results do the talking..

The offer is rubbish. Looks fishy. The owner wants to corner the share, hope price drops, buys more shares and then make large profits. I smell a rat....

jj, this is not a Chinese chat group, appreciate if you behave like a Malaysian and share your thoughts with all Malaysians. We are not in China...

My advice is for all to keep and buy more if possible. Next quarter results will be good.
There will be a push and the price will exceed 0.80 moving towards $1... It's a no brainer..

UMW stock will go up as recovery of economy needs them. Come on friends, it's not only Toyota they are selling! Heavy machinery for industrial activity. Do not be so ignorant and respect the departed. It's so crude to say CEO dies because of EPF short selling. Have some dignity in business. You like people to say that about your family?

As I always said, this counter is all about fundamentals and really good company with current and future strong earnings. Good call to buy and my view is also dividend in October would be good as main sharehloders are also human beings and want some returns..

We are speaking about Esceram

Thanks Lewis for adding sanity to this group. As I said before, misleading and utterly rubbish comments are not welcome in this group. Stick to the facts and all will be fine. This company is governed well by responsible individuals who are hardworking people.

It's called Unigloves. Well run by family. Worth a look. On Esceram, it's a private investment by Kamal Tan, nothing to do with casino etc. So no risk of bail out etc that was nonsense talk. For this group's information.

I agree with Lewis Lee, too many uneducated people who try to look intelligent by "cut and paste" articles which is frankly not relevant to Esceram. The major owner does not need this small change which is being made into such a big deal. Check out his nett worth...

NOSH is 205.52, if 0.50 , market cap is MYR 102.76 mio. Assuming it gives you conservatively 7-8 mio profit /annum = 7 %- 8 % vs FD of 1.9% /annum. Better to hold this share and they also have started giving dividend. This is not a con share for "goreng" ! Good fundamentals for people who are serious.

This is one of the most financially strong small cap company in Bursa. Flushed with cash, in the profitable market segment and long term prospects are so strong. I fully support Calvin's assessment and recommendation.

@AdCool, good analysis. Possible to make MYR 2 mio if formers prices are increased and production is smooth. Glove producers lead time is now 1 year and asking for deposit. Normal lead time for formers is 2 months if no backlog. In a short time the lead time will be longer as glove companies expansion requirement for formers and regular replacement due to breakages and corrosion on formers. I foresee lead times longer and pricing power will come. So , fundamentals are still good for this company. I have made good decisions in this counter and profit always!

Fair value of counter should be coming soon. Price very attractive to keep buying.Glove Industry will boom with MYR weakness and supporting industries will benefit.

I cannot understand your logic of a price RM 0.28 eventually when the company is making a profit of RM 8 million and more/annum. This means a market cap of around RM 50 mio , means 16% ROE. They have more than RM 20 million cash...think about it.. makes sense?? I cannot understand..

MYR 1 is fair value based on continuing upwards earnings trend

Reaching IPO price 11 years ago is not a big achievement , this counter is cheap at price vs profits generated. Continue to pick up as RM 1 is target price...

RM 1 is achieavable...

Esceram sales is well distributed and not reliant on a single company. Top Glove is not relevant as there are other players. Esceram is independent, strong and resilient...

I see this as eventually a $1 counter. Many institutional holders

Glove industry doing well, 0.60 min no problems. Very good fundamentals to hold...

Results stronger than many mainboard...no problem to cross 0.60. I still hold!! Buy more!

My minimum would be 0.6 above. Good stock as not many around like this...

0.55 coming already next week, 1st level before hit 0.60

0.60 very possibe as Zika virus increases gloves demand worldwide! Good news for Esceram!

Fundamentally a strong company with increasing net profit and high cash reserves. Sustainable business model as customers are export based and share undervalued at current price. Will pick up more shares...