@jasonlow maybe you can entertain us with the former factory that you know? Especially the customer they sold to.. what i do know is, esceram hand former sold to topglove, harta, spermax, riverstone, Sri Trang... maybe you know some factory even larger than this hand former factory ?:) sharing is caring :)
Glove Dipping Formers for Industrial, Household and Surgical Use
With over 1,800 different ceramic dipping formers for plastic, latex or vinyl gloves used in industrial, household and surgical applications, CeramTec is one of the world’s largest suppliers in this segment.
> The CeramTec subsidiary in Seremban, Malaysia produces and sells ceramic dipping formers used to manufacture rubber gloves, operation/surgical gloves, examination gloves, household gloves and industrial gloves.
CeramTec is an international Manufacturer and Supplier of Technical Ceramics. The Ceramic Experts offer a Portfolio with well over 10,000 different Products, Components and Parts, made of a Variety of engineered ceramic Materials. They are used in a wide Range of Applications.
With a Tradition of more than100 Years, more than 3,500 Employees are worldwide active at production sites in Europe, USA and Asia. Discover the World of Advanced Ceramics and one of the most powerful Materials of our Time.
@cmhoon i see that you are sharing the introduction of ceram tec, maybe u can try to list down the annual report for ceram tec... especially for the hand former part.. as i know ceram tec sell varieties of products and doesn’t focus in hand former like es ceram does
Now due to the negative news that the vaccine may not be able to withstand the mutant virus, glove stocks all rise today, especially the second-line glove stock ESCERAM, which is now the cheapest! Retail investors are coming again!
DNONCE TECHNOLOGY Key Highlights • Significant improvement in Profit Before Tax (“PBT”) from loss of RM3.34 million in 1H Year-to-date (“YTD”) 30 June 2019 to RM2.40 million, an increase of RM5.74 million or 172% for Financial Year Ended 30 April 2020 (“FYE 30 April 2020”). • Noteworthy surge in revenue, average monthly sales for July 2019 till April 2020 was RM14.6 million compared with January 2019 till June 2019 of RM13.3 million representing a 9.8% increase, even though March and April sales were impacted by the Covid-19 induced MCO • Three consecutive profitable quarters with FYE PBT of RM2.40 million signifying 9 straight months of profit until April since the new management took over the running of the Company. D’nonce Technology Bhd (“D’nonce” or “the Group”) (“7114”), today announced its interim financial results for the sixth quarter (“Q6”) and 16-month consolidated financial results for its Financial Year Ended 30 April 2020 (“FYE 30 April 2020”). DNONCE is a diversified engineering solutions provider, serving customers in the semiconductor, automotive, medical/healthcare, data storage hardware and consumer electronics industries with overseas subsidiaries in Thailand. In mid-July 2019, D’nonce had installed a new Board of Directors and management, led by Mr. Tho Yow Yin as CEO. Under the new leadership. DNONCE embarked on costcutting measures and redirected their focus to expand the Group’s growth in value-added businesses. These efforts have borne positive results as reflected in its financial performance since July 2019 to 30 April 2020. D’nonce recorded a revenue of RM225 million for the FYE 30 April 2020, of which from 1 July 2019 to 30 April 2020, the Group recorded an average monthly revenue of RM14.6 million as compared to an average monthly revenue of RM13.3 million from 1 January 2019 to 30 June 2019, representing a 9.8% improvement in sales, despite the MCO which impacted operations in March and April 2020. The significant increment of the revenue was partly contributed by the surge in demand from customers in the healthcare industry mainly due to the Covid-19 outbreak as D’nonce provides essential support to the glove industry in Southern Thailand and also supplies injection molded ventilator parts from their factory in Prai, Pulau Pinang. Simultaneously, DNONCE continued to showcase a healthy and growing PBT having recorded a PBT of RM2.40 million for the Financial Period Ended 30 April 2020 reflecting a turnaround of RM5.74 million or 172% growth over the 1H Loss Before Tax of RM3.34 million. With the exception of Q6 FY2020 (which consisted of only 1 month), the Group achieved three consecutive quarters in the black (cumulative PBT of RM5.74 million from 1 July 2019 to 30 April 2020) - after losses earlier in the financial year throughout the first two quarters (cumulative Loss Before Tax of RM3.34 million from 1 January 2019 to 30 June 2019).
This is the result of the DNONCE Management’s continuous prudence in managing its expenses while expanding revenue, resulting in the highest level of operational efficiency and also the continuous growth of its business. As of 30th April 2020 the Group has generated a positive cash flow of RM8.16 million from operating activities and have cash and bank balances of RM32.5 million. For the full FYE 30 April 2020, D’nonce recorded a Profit After Tax of RM0.73 million (after the non-cash adjustment from the revaluation of properties deficit of RM0.45 million) in spite of the net losses recorded for Financial Period Ended 30 June 2019. Notwithstanding the challenging environment, DNONCE is cautiously optimistic of its business with the expectation of continued strong demand for its supplies to the medical and health sectors as well as the positive demand from the electronic technology sector moving forward. DNONCE has active initiatives underway to enhance its overall organisational effectiveness. These initiatives should increase productivity and cost efficiency while also helping to realise scale economies as Dnonce continues to grow its commercial opportunities.
两大利好围绕DNONCE!! 1)Provides Essential Support (Glove Industry) Southern Thailand
2) Injection Molded Ventilator Parts (Prai, Pulau Pinang)
预料,DNONCE 可突破RM1.00大关。
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Posted by AdCool > 2020-08-17 11:14 | Report Abuse
short term, sure burnt. if can keep for the next 2 quarters, might breakeven and even make profit if average down now.