Posted by nickcome508 > 2020-07-17 20:28 | Report Abuse

Cool, hopefully good QR lift 2nd liners.

Posted by kmwong8711 > 2020-07-18 12:43 | Report Abuse

No one can resist a good and low calorie ice cream! Get low calorie ice cream delivered to youself or your loved ones and enjoy RM1.00 TP off with a minimum investment of RM0.50++ to enjoy this deal.
To all the Ice cream supporters this deal end of 31st July

Posted by VenFx > 2020-07-18 15:49 | Report Abuse

Bro, if got free time
Has a look for few of my comments at Lkl,
Hlt has similarly patter with LKL also.

Posted by Mini Bull > 2020-07-18 17:55 | Report Abuse

Buy or bye, buy on your own risk.

Posted by oskchoon > 2020-07-18 17:58 | Report Abuse

Gentlemen, it has the same business like HLt, it will go up like HLt share price... Hopefully..

Posted by CHLEONG888 > 2020-07-19 13:17 | Report Abuse

Believe so, this counter will fly, hopefully flying at least few days after releasing quarter result

Posted by Mini Bull > 2020-07-19 13:18 | Report Abuse

The best quarter result for ESCERAM EPS 2, if whole year EPS 8, at PE 20 the price should be RM1.60

Posted by Mini Bull > 2020-07-19 13:21 | Report Abuse

Upside around 300%

Posted by Lewis Lee > 2020-07-19 21:36 | Report Abuse

LKL & HLT keep showing huge loss or tiny profit .... CEO like to talk cock to cheat newbies to buy into their company and major shareholders start dumping shares !!
Ice cream, although have a "mouth-holding-gold" CEO, but keep showing profit Q after Q with net cash 20 mil !
which one would you choose ??

Posted by Lewis Lee > 2020-07-19 21:40 | Report Abuse

LKL :- suppliers of mainly medical beds and health care accessories, their products can be produced all over the world, losses reporting for past 2 years, last 4 Q total loss = -0.37 (horrible, almost wipe out their NTA !) "

And many other over-hyped companies like HLT ! They didn't perform with good results previous years ! Not with minor losses but huge lossess that almost wipe out their NTA into PN17 !!

Posted by Lewis Lee > 2020-07-19 21:44 | Report Abuse

my previous research :-

"My future PE calculation :-
If a year annualized profit = 4 ct (realistic as per their best 4Q total in 2016), and net cash of 10ct per share (excluding from PER computation) ,
PE = 20 (conservative) , fair value = 80ct + 10ct = 0.90
PE = 30 , fair value = 1.20 + 10ct = 1.30
PE = 40, fair value = 1.60 + 10ct = 1.70

remember, this is a company with proven track records for accurate estimate, unlike those loss-making company you just can only fantasize their profit & PE !!

f they can deliver 5ct EPS, (also likely as higher demand than last time round) :-
PE = 20, fair value = 1.00 + 10ct = 1.10
PE = 30, value = 1.50 +10ct = 1.60
PE = 40, value = 2.00 + 10ct = 2.10

From the lowest of 0.90 to highest of 2.10 as valuation, divided by 2 => 1.50 as median fair value "

Posted by Mini Bull > 2020-07-20 09:25 | Report Abuse

BTM boleh tolong meh

Posted by Lewis Lee > 2020-07-20 09:54 | Report Abuse

https://klse.i3investor.com/blogs/HLresearchblog/2020-07-20-story-h1510631202-ESCERAM_Beneficiary_of_the_glove_boom.jsp

Hong Leong Research just made a write up on Ice Cream !!
YES !! Time to Top Up and Vroom Vroom Vroom >>>>>>>>>>>>>>>>

Posted by Lewis Lee > 2020-07-20 09:58 | Report Abuse

HL Research

Author: HL Research | Latest post: Mon, 20 Jul 2020, 8:44 AM

Investment research on growth stocks.

Disclaimer:

Please note that the views, thoughts, and opinions expressed belong solely to the author, and not necessarily to the author's employer, organization, committee or other group or individual. None of the posts written on this blog constitute a buy or sell call.

Blog Headlines (by Date) Blog Index
ESCERAM: Beneficiary of the glove boom
Author: HL Research | Publish date: Mon, 20 Jul 2020, 8:44 AM

After a few years of poor returns for the KLCI, Malaysian investors are now seeing an unprecedented once-in-a-lifetime opportunity with the glove boom. Our investors at a glance:

Experienced retail investors would have already taken advantage to make back their 2018-2019 losses and shift their funds away from growth-stagnant "value" stocks.
Day trader uncles enjoying the volatility - 10%-20% swings almost on a weekly basis.
Fund managers and investment banks finally buying in into glove companies despite lofty valuations, entering late and influenced by FOMO.
Fish sellers, chicken rice sellers, college students, etc. are opening brokerage accounts as we speak to buy in.
There is a wise saying by a guy named David Tong / WealthArchitectToU, "Don't chase high ah." I am inclined to agree.

Nevertheless there looks to be a major opportunity in ES Ceramics Technology (KLSE: ESCERAM (0100) ), based on the fact that it's current price level is undemanding relative to the glove boom beneficiaries.

It follows an almost similar price trend to the big glove players although not a glove manufacturer itself.

And most importantly, SHOWS CONSECUTIVE PROFIT GROWTH and FUTURE GROWTH POTENTIAL.

(These are two key factors in an upward price trend, especially in the KLCI).


Some background:
You can read up all about their business on their corporate website and on i3investor. To summarize, their main business is in manufacturing glove formers for the glove industry.

https://www.esceramics.com.my/

When do glove companies need glove formers? Well, when they embark on an expansion of course.

Valuation
I would not get too caught up in the numbers, although it is pertinent to verify its fundamentals.

They have no debt
Relatively cash rich at ~RM20mil
PE of 30 (very good for a company primed for growth)
Profit margin between 7%-11%
Right, let's move on to the growth story.

A brief history of H1N1:
During the H1N1 Swine flu pandemic, ESCERAM experienced 4 consecutive quarters of stable profit growth from Apr 2009 - Apr 2010. This period of revenue and profit growth for the company correlated with that of TOP GLOVE and SUPERMAX.

ESCERAM:

TOPGLOVE:

SUPERMAX:

The correlation above is very promising. We are talking about a once-in-a-lifetime opportunity not only for glove makers, but also for those who have a stake in the game like ESCERAM.

Where is the growth?
We know that all the major glove companies in Malaysia, Top Glove, Supermax and Comfort Gloves, are embarking on production lines expansion in order to meet the worldwide demand. ESCERAM is perfectly positioned to take advantage of this opportunity.

Nevertheless what really interests me is its business in Thailand, where it comprises 60% of the groups revenue, and had achieved 48% growth in FY2019. While Malaysians are gloating "Malaysia Boleh" because of their supposed moat in the glove industry, in reality Thailand also is a major producer and is the world's largest rubber producer, hence they enjoy the low manufacturing costs as well.

Below is an extract from ESCERAM's 2019 annual report:

The Thai business has essentially fueled 4 quarters of consecutive revenue and profit growth. Malaysia biz is good, but the Thai biz has been a game changer.

I struggled to find out who are ESCERAM's major customers / paymasters in Thailand. There are some rumours that one of them might be Sri Trang.

If you don't know who Sri Trang is, they are Thailand's largest glove manufacturer:
https://www.theedgemarkets.com/article/sri-trang-gloves-surges-first-thai-listing-outbreak

Despite the unknowns, what we do know is that ESCERAM’s Thai factory is located in Sadao City in the southern Songkhla province, which coincidentally is where the big three of Thailand Gloves are located (Sri Trang, Mercator Medical Thailand and Hycare International). All of these companies factories are within a 20km radius.

Verdict:
At 54 sen, it still has plenty of legs to run considering the exponential growth it is about to undergo. The industry is going through an unprecedented phase; how well ESCERAM does entirely depends on whether their management can make the right moves in an almost perfect setting.

FYI: 4Q2020 report is projected to be released in the last week of July.

Posted by Lewis Lee > 2020-07-20 10:00 | Report Abuse

Reproduced the HL Research for your reading !!
Fund manager is coming to fry liao !! !!

Posted by Mini Bull > 2020-07-20 10:00 | Report Abuse

So slow to promote, time to bye ?

Posted by Lewis Lee > 2020-07-20 10:03 | Report Abuse

After finished frying glove big 4 , small 4, cheat 4 etc ....
All hot money is coming to baby glove play Ice cream ... FOR SURE !!!

Posted by Mini Bull > 2020-07-20 10:06 | Report Abuse

Sharks are around, HOngLeong, public, RHB and who else :p
Buy or bye at your own risk

Posted by Mini Bull > 2020-07-20 10:21 | Report Abuse

sit properly, the rocket will start soon

Posted by Mini Bull > 2020-07-20 10:45 | Report Abuse

有句话，姣婆守不到寡

Posted by EagleAim > 2020-07-20 11:07 | Report Abuse

Can't wait for Esceram to fly high after so longgggg holding on to it. Still haven't reached my buying price.

Posted by nickcome508 > 2020-07-20 11:26 | Report Abuse

Coming flying....tks for sharing HL researchon 20/7 and hope all investors would benefit from 'beneficiary of glove boom'......

Posted by kmwong8711 > 2020-07-20 11:35 | Report Abuse

Lewis
At last the IB is start accumulated ,, hopefully it will reach my TP of 1.60

Posted by kmwong8711 > 2020-07-20 11:40 | Report Abuse

Don't you all noticed

At 0. 54 it's had plenty of legs to run .....haha it's a marathon

Posted by tanhuatkawkaw > 2020-07-20 11:42 | Report Abuse

if got bullets,now is the time to ADD....huatahhhhh,huatahhhhh,huatahhhhh

Posted by super aloha > 2020-07-20 12:26 | Report Abuse

Momentum is created??

Posted by kmwong8711 > 2020-07-20 12:47 | Report Abuse

As a smart Investor should invest now or else after the the full coverage by IB the price already sky high
My two cents advice

Posted by wehcant > 2020-07-20 14:44 | Report Abuse

Esceram is the beneficiary of the glove boom. TP 0.72 is within reach. Go ESCERAM.

Posted by sasword > 2020-07-20 17:08 | Report Abuse

Keep blowing water lo, price will tell.

Posted by Mini Bull > 2020-07-20 17:43 | Report Abuse

Don't said it's a sour grape if you don't grab it

Posted by Mini Bull > 2020-07-20 17:43 | Report Abuse

Result will tell, not price

Posted by AdCool > 2020-07-20 20:16 | Report Abuse

Still blocking at 0.540-0.555. seems the big guys yet to collect enough. Pushed down from 0.570 so weak holders would be disappointed and sell to them. Been playing these for several times

Posted by nickcome508 > 2020-07-21 15:16 | Report Abuse

hold tight, sharks still squeezing down the price..

Posted by AdCool > 2020-07-21 15:34 | Report Abuse

dont think it's shark with such low volume. more like retailers giving up and lose their patience and waiting game.

Posted by sasword > 2020-07-21 17:04 | Report Abuse

Everyday drop, give it to me for free also don't want la, sour bull.

Posted by AdCool > 2020-07-21 17:05 | Report Abuse

Just a 3,435,900 trading volumes and the price can go down 0.015. Many retailers lose hope on this counter? Just another 9 days for it to release results.

Posted by nickcome508 > 2020-07-21 18:42 | Report Abuse

Tks Adcool, holding on n looking forward to the good QR soon. Wish someone knows how to do like Supermx forecasted profit..

Posted by bullee20 > 2020-07-21 18:50 | Report Abuse

can anyone share when will QR result come out ?

Posted by Condom003 > 2020-07-21 19:19 | Report Abuse

If QR good up a bit lo...0.595..0.65 then drop lagi lo

Posted by nickcome508 > 2020-07-21 20:12 | Report Abuse

Maybe calvin sifu knows best...

Posted by sharonchok > 2020-07-22 09:24 | Report Abuse

sure with good qr

Posted by Lewis Lee > 2020-07-22 10:59 | Report Abuse

Chun Chun Call Calvin Tan goes to promote HLT (loss making company) nowadays !! :(

Posted by Mini Bull > 2020-07-22 11:25 | Report Abuse

This Calvin Tan is a frog, bought what promote what ! hahahaha

Posted by CHLEONG888 > 2020-07-22 11:44 | Report Abuse

no ohm at the moment, believe will explore with expecting excellence quarter result to be released soon. Wait and see

Posted by Mini Bull > 2020-07-22 11:46 | Report Abuse

sasword Everyday drop, give it to me for free also don't want la, sour bull.
21/07/2020 5:04 PM
If feel sour then go to the sweet place.

Posted by daniallim > 2020-07-22 12:09 | Report Abuse

Coming.....

Posted by Condom003 > 2020-07-22 16:14 | Report Abuse

This company hope can let glove company buy as soon as possible

Posted by nickcome508 > 2020-07-22 20:14 | Report Abuse

Nice, then sure fly high...

Posted by Sashay88 > 2020-07-23 06:55 | Report Abuse

Next week qtr result?

Posted by kmwong8711 > 2020-07-23 08:41 | Report Abuse

https://klse.i3investor.com/blogs/HLresearchblog/2020-07-22-story-h1510639015-ESCERAM_Diving_deeper_and_revealing_salient_points.jsp