iCE COOL GenM may require some time to gain back their business to profit making, They require tourist expecially Singapore, China, Japan to spend in their resort/casino. At this moment, its quite impossible since the RMCO still ongoing and M'sia border is still close. Esceram, they business model is intact as glove maker require more product frm Esceram since the output are so huge, where glove maker require to change the former due to wear/tear. Do agree the valuation at this current price is abit high, but investor is looking at its future earning, and I believe their business will be very good in this coming Quarter, as long as the demand of glove is still high
"Never, ever invest on past n present earnings...U got to visualise yourself forward earnings growth for at least 4 to 6 quarters n anticipate its market's value...Price is what U pay...Value is what U get..," Druckenmiller n Buffett.
Jeff5142 Genm is loss making now 2.28. Esceramic is profit making now 1.11 only. Which will people chose to invest? Think carefully. 29/08/2020 8:26 AM
ESceram...the only listed company in Bursa... Malaysia heavyweight manufacturer in all types of Gloves Formers...N a manufacturing plant in Thailand...The others are smaller competitors...the closest one is Ceramtec...Not listed.
ES Ceramics is involved in making hand formers used by the glove industry, and has operations in Malaysia and Thailand.
Its net profit jumped 209.9% to RM2.44 million for the financial year ended May 31, 2020, from RM786,000 a year ago, thanks to a better product mix.
In terms of geographical breakdown, its Thailand operations continued to be the main contributor, with about 60% of revenue, while Malaysia contributed the remaining 40%.
Now GPA and Gocean also join in to make gloves. So competition has increased for glove makers but demand for hand formers will increase. Most probably investors couldn't differentiate between hand former makers and glove makers so causing Esceramic price to drop. The truth will come to light once Esceramic next quarter and coming quarters announced.
Fake uptrend, this counter will not move up anymore because big fish wan collect back shares to fill their stomach so that they gain full profit from bonus issue.
from what i can see and what i hold currently, below counter are with the same momentum and movement (no movement). For those not to consider and been trap like me heheheh.. i share so others wont fall trap like me. let me suffer alone. hehehe no choice meh, stuck with huge paper loss:
I already warn you gais. dont fall trap. For Trive, you might be to consider and join.. so far price is cheap and stable. uptrend movement. The rest (as i mentioned above on the lists) i bet you never ever want to join. holding quite long already..heheheh still suffer.. But its my bad, enter at peak.. kena goreng..
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
geary
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Posted by geary > 2020-08-29 17:38 | Report Abuse
iCE COOL GenM may require some time to gain back their business to profit making, They require tourist expecially Singapore, China, Japan to spend in their resort/casino. At this moment, its quite impossible since the RMCO still ongoing and M'sia border is still close. Esceram, they business model is intact as glove maker require more product frm Esceram since the output are so huge, where glove maker require to change the former due to wear/tear. Do agree the valuation at this current price is abit high, but investor is looking at its future earning, and I believe their business will be very good in this coming Quarter, as long as the demand of glove is still high
"Never, ever invest on past n present earnings...U got to visualise yourself forward earnings growth for at least 4 to 6 quarters n anticipate its market's value...Price is what U pay...Value is what U get..," Druckenmiller n Buffett.