Esceram is taking the cue from TG & Supermx. A strong reversal rally for these 2 big boys will pull Esceram upwards too. A breakout from 0.525 will likely see it surge to cover the gap btwn 0.575 - 0.60.
Esceram to benefit from the exponential increase in demand for hand formers with the additional production capacity coming onstream from these glove makers! https://ibb.co/hRf59r6
Their customers in the glove industry (both local and overseas) include: - 1) Most of the big players; 2) Smaller outfits and family outfits; The pandemic has been a game changer for ceramic hand formers.
Sri Trang Gloves, the no 1 glove manufacturer in Thailand is taking formers / moulds from ES Ceramic Thailand. Sri Trang is expanding aggressively n wil soon be top 3 glove manufacturers in the world
ES is facing less competitor as glove former is more difficult n complicated to manufacture compare to gloves. We cant see any new comers for formers manufacturing
Q2 results will be announced in Jan 2021. It's going to be very good as orderbook is full and pricing power is increasing. Hence, run up will start very soon and frankly they are decoupled from all the assumptions of following Top Glove or Supermax price etc. They have a very large customerbase.It will easily hit $1 very soon as if you remember it peaked at almost $2 before the bonus and warrant. Going back to $1 is just the new normal, nothing extraordinary... Catch it while you still can, especially the warrant as well.
More and more glove factories being produced and now topglove has closed which will benefit Supermax and AT in coming month which shows Esceram will be gaining more business from new glove factories best time to invest in Esceram!!
now is Vaccine news onward lo. Glove demand high also cannot push it higher as most probably Glove interest is waned except if any investor want to buy like bank share.....that is for dividend.
now Covid hit TopGlove badly.....just like Sabah Covid case.
game over, the last goring up, coincide with hot gloves counters, to allow the major shareholder to exit those caught will hve to wait for next cycle, can be painful long journey
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 474 views | 3 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 12451 views | 11 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
TpeeZack
189 posts
Posted by TpeeZack > 2020-11-17 17:18 | Report Abuse
Alas. Going up...any good news ?