For the past 1 year + there is no new player for manufacturing hand formers / moulds. But for gloves, there r so so many new players + existing glove manufacturers are crazily increasing their production non stop
Even Carepls pun acquired ard 10 acres of land for glove manufacturing production.
As much as I like the prospect for Esceram but now the chart look very bearish to me. Funny thing is the price was pushed down and up by someone these few days.
ESCERAM is in a niche industry. Regardless of whether glove companies are able to produce record profits, ESCERAM will be able to because of their expertise.
lmfao this condom so panic when directors and shareholders acquire and dispose shares, pure gambler XD malaysia sharemarket need your money....thank you very much
Yes, keep for mid-long term as new glove factories must purchase mold and existing factory also need to change former from time to time. The point is limited mold factory. This year end TP 1.00 no problem. Next QR will be huge profit and good dividend!
1 more main point .. all the new glove company are paying 100% more price for their formar as new customer ... mean all the new plant that iceream build will have 100% more profit to old factory
The downtrend in many stocks including esceram are due to external factors like mco & increase of covid19 cases. Sentiments are bad. Heard that today's number is slightly more than 6,000 cases
Every evening they will push up with heavier volume. This stock was on the radar now. They collected cheap in the morning n towards the closing they will jack it up. Hopefully, the trend change tomorrow.
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Posted by Michael Yeo > 2021-05-11 09:46 | Report Abuse
Hope they have the patience to halt selling. The price will recover again