The 1.5 Storey Factory is a ready factory nearby to ES's existing factory, can run production for glove former / mould very soon n contributing positively to the overall future earnings n EPS for financial ending 31st May 2021
The 35,540 sq meter vacant undeveloped industrial plot at Daerah Kinta, Perak ( nearby too ) is for new production plant n expecting full production by 3rd quarter of this year to meet the High Demand of glove former / mould by existing glove manufacturers n new comers like Mahsing, AT, Inix, Fintec, Karex, Gocean, Hongseng, KTG . . . . . .
Existing glove manufacturers n new comers are taking glove moulds from ES. ES is the only listed company manufacturing glove moulds. Production lines have been added in the existing factory + additional production wil be in the recent purchase of 1.5 factory + huge increase in production in the recent purchase of 35,540 sq meters vacant industrial plot, full production targeting by 3rd quarter of this year
Nothing to worry. Only panic selling and large volume due tomorrow. lowest after ex bonus is 0.46 .. net cash company with good visible earnings for the next 3 quarters.. Feb, May, August.. Just invest in the business..
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CUTLOST
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Posted by CUTLOST > 2021-01-01 22:48 | Report Abuse
Glove stock come back soon year 2021..Esceram will turning back to ice cream