Pgraduate123 sailang means shit traitor. Those who cultured this disease is also arrogant. He proclaimed he is a sailang in this forum is really cookoo chiao
never trust anything anyone in this world, actually. sometimes, we can't even trust ourselves, eg when we want to buy/sell, the fact is right thing to do is the opposite, don't you agree? World is full of uncertainty
The truth is out. Pfizer Executive admits that their vaccine is not designed to end the pandemic but to turn it into an endemic so that the demand of their vaccines will continue forever and give them the opportunity to make a lot of money selling their vaccine. Once the pandemic becomes an endemic, just like the flu, all those who have already been vaccinated will need to continue to receive a booster every year or so. https://youtu.be/WZnlC-eUCoo
Since ES is already detached from glove stocks, I wonder...with the 3rd wave of covid 19 starting in Europe and likely soon in US, things are getting interesting. With that said new shareholders + booming order book + glove rally (?) = rocket to the moon?
Vincent... Es up had no connection to glove...and thank god it is non glove related. If they do... Tiu mah sing and Luster will not be languishing... Both I bought at the peak...over thousands of shares...
Es prosper from glove, but the current goreng wave don't associate with glove. Their PE are quite high considering most of the glove companies are at pe <8
since MCO 1.0 until now, iceream never move according to gloves .. not sure why but it just has it own path . if the glove ever move again , I dont think iceream will follow . go check the gamestop run day , all gloves rocket for that day but icecream just relex lepak kt sana je.
ES was 'detached' from glove stocks was due to declining ASP of gloves might not affect its business, gloves companies still need to purchase moulding from ES.
However, if the covid pandemic will last longer than anticipated, then it is still a positive signal to ES.
This is also the reason I decided to hold it for the long term.
Can anyone enlighten me how the process works behind? Glove manufacturers need to "refresh" glove former after a certain period? As the mould will not last forever?
@Wolger. Ceramic Glove Formers are replaced because of breakages and corrosion on surface of formers due to chemicals used in glove making process. Typically it lasts around 40,000 cycles/gloves/former which may be depending how fast the dipping line operates -6-8 months. So, it's repeat business and also for new lines. The more glove companies , the more replacements of formers needed. It's not cyclical and a stable growing business. Hope it's clear.
Also for this group to know, there are examination formers that is for examination gloves where all the Covid impact is discussed. ES also makes surgical, household and industrial formers, smaller quantities but prices are very high compared to exam formers. Your gardening gloves are made from their formers. So, a very unique proposition.
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
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 357 views | 2 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 11693 views | 10 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....
HAinvest
138 posts
Posted by HAinvest > 2021-03-19 11:19 | Report Abuse
ready to reach rm1 :)