All glove mania with 20 to 30% ASP rising pushing the share price to the sky past few mons. What is next for all this giant glove mfg? Anwers: Capacity expansion!!
So, this is the time for the ceramic hand formers to double the capacity to cop with the rising order from giant glove mfg to expand the capacity with adding new glove line.
The benefier rotates to these supporting function manufacturer now..
Double capacity and increasung ASP for hand former will be great discussion coming mons..
Kmwong, Yes! My view of 3rd liner specially es ceramic will be running better than big 4 now because of capacity expansion required double to triple hand formers...
Rubber glove makers return to top gainers list TheEdge Sat, Sep 26, 2020 09:00am - 1 hour ago
KUALA LUMPUR (Sept 26): Rubber glove counters returned to the top gainers list this week, following a little rebound after a period of corrections, led by Hartalega Holdings Bhd, which gained 20% over the week to close at RM17 yesterday.
The other three big rubber glove players, namely Kossan Rubber Industries Bhd (up 14%), Supermax Corp Bhd (up 13%) and Top Glove Corp Bhd (up 10%) were also among the top 20 gainers. Also on the list was Careplus Group Bhd (up 12%). Each of these counters saw total weekly trading volumes in the tens of millions.
Top Glove's closing price of RM8.80 translated into a market capitalisation of RM71.55 billion, just about RM8 billion below the RM79.59 billion market cap of the most valuable stock on the local stock exchange, Malayan Banking Bhd.
News of ongoing vaccine trials appear to have had little impact on the prices of these glove makers' shares, as mounting concerns over the continued rising Covid-19 cases around the world revived interest in these counters.
The week was capped off by news that the Employees Provident Fund has been on a shopping spree for glove stocks. After emerging as a substantial shareholder of Top Glove last week with a 5.06% stake, it bumped up its shareholding to 5.1% this week. It has also raised its stake in Kossan to 8.09%, since emerging as a substantial shareholder of the company in June
Top glove up, esceram will up!! Other glove counters are the pay Master for es ceram.. Big 4 are good business. Es ceram will get huge order like now...
EPF is positive on glove sector so to reinvest in top glove n kossan. EPF will not touch esceram which considered small cap in Ace market. However, EPF strategy has hint the market the grow of glove sector continuing. indirectly push up the ceramic hand former demand benefited to ES ceram.
Jingweihan U think bursa stupid enough to approved 1 for 1 bonus + warrant for loss making company? Don't think so. 27/09/2020 10:57 AM
On behalf of ES Ceramics, TA Securities wishes to announce that Bursa Securities had, vide its letter dated 4 September 2020, approved the following:
Listing and quotation for up to 236,565,097 Bonus Shares pursuant to the Bonus Issue of Shares with Free Warrants;
Admission to the Official List and listing and quotation for up to 236,565,097 Warrants to be issued pursuant to the Bonus Issue of Shares with Free Warrants; and
Listing and quotation for up to 236,565,097 new ES Ceramics Shares to be issued arising from the exercise of the Warrants
BURSA HAS APPROVED THE BONUS ISSUE! IS BURSA STUPID OR YOU STUPID? I GOT NO COMMEMT.
ooi8888 I am delighted if you can explained how a company can make profit in that three months when the factory and operation shut down during MCO and lockdown?
Esceramic past quarters results from Bursa Malaysia website : Mar - May 2019 profit 875,000. Jun - Aug 2019 profit 1,006,000. Sep - Nov 2019 profit 1,037,000. Dec 2019 - Feb 2020 profit 653,000. Mar 20- May 20 loss 259,000.
Menort, which 'loss making every QR' you were talking about? Or did you just simply write some negative things without spending some of your ash time to check out the facts? Or are you referring to some other counters?
By the way, HLT makes dipping and gloves whereals Esceramic makes hand formers (moulds) only. Menort you are seroius confused or trying to confuse others?
After 1st October, we, Esceram warriors will know bonus ex date. Think will move towards 1.50 - 2.00 range before the ex-date. Everybody HUAT on October month.
Bursa Boss should ban bonus. Bonus is equal to share split. it is no benefit to retail investor. it is very disguising. it is a tool use to lure retail investor to buy expensive share from syndicate. how many time get burn by bonus issue. many still never learn the past mistake..
it takes 10 years for those who bought esceram after the last bonus+rights+warrants in 2010 to recover and make.also is only covid-19 help the company.at that time esceram is also only 0.30cts
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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....
NewToThis
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Posted by NewToThis > 2020-09-24 19:01 | Report Abuse
@tuapuikia-don’t worry!