another 3 weeks before QR results. Will it be higher profit due to higher ASP or lower profit like most gloves counters due to lower ASP? Will Esceramic follows the glove trends or has its own trend? Many are taking esceramic as the same as other gloves counters and hence the drop for the past 2 months.
no idea yet woo. so long sleeping already and going very low already. Not sure with explosive QR report can do any changes on the price movement. Maybe 1 or 2 days play only than back to original price.
I think it's too early to be able to forecast a dividend yield percentage from Esceram just because of a one-off (and very generous) special dividend of 4 cents. Yes historically they do give dividends regularly but these are exceptional times where the company has done a lot of capex to ramp up production, which I prefer because that brings back higher earnings at the end of the day.
For me I'm holding this because of the long term prospects -- Esceram's products are necessary for glove-makers in Malaysia and Thailand, and command a high ASP which I think will not fall at the same rate as glove ASP, due to barriers to entry in the industry. The stakes are high for glove-makers who want to remain competitive, and using the best glove formers is absolutely important for them. The big players are cash rich anyway so they'll throw money at guys like Esceram and Ceramtec. On top of that, Esceram is planning to list on main board and based on my reading, they finally meet the criteria this year. https://www.bursamalaysia.com/listing/get_listed/listing_criteria
@StockGodFatt , thanks for the assumption , however @raksasakambing may also have a strong point. They have to use more than MYR 25 m cash if 5 cents dividend is declared.They need cash for expansion. Something will be given but not 5 cents. However, happy to receive 5 cents if given as we all need to smile in this pandemic! Stay safe!
Whole bursa is in red sea but Esceramic steady only. Most other gloves also steady except for Top Glove. What else can guarantee business and profits during such uncertainty if not gloves?
It has entered the bottoming stage now, as the peripheral noise is gradually eliminated, believe that the glove stocks will adjust the direction soon.
A good atmosphere will also drive Esceramic to take off. But the process requires some patience, because the technical analysis part is still waiting for a key opportunity.
@thomaszum, Esceramic doesnt have this bottoming thingy compare to the big 4 gloves. If you look at the 52 weeks price, all the big 4 already hit the rock bottom and below. For Esceramic the bottom was at 0.24.
Last year glove counters is the market saver but this year is the killer. It's all on the hand of IB and syndicate to monitor the up down of share price ,when they want to push ,the price can go up to P.E -450 above and when they want suppress the price can come down to P.E 2.5 by applying short selling technical tactics .So don't carry the beautiful dream that the coming financial result good means the share price will go up !! It's a money game, IB and syndicate must make money from retailers !!!Give up your beautiful dream !!
@StockGodFatt, You're welcome, I hope my analysis can help friends here grasp the overall situation more clearly. This way, they won't accidentally miss it or get off the car early and cause the unnecessary losses.
If there is any omission or bad analysis, you are welcome to give guidance and comments. Thank you.
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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....
Bgt 9963
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Posted by Bgt 9963 > 2021-07-05 07:36 |
Post removed.Why?