Posted by AdCool > 2021-09-03 14:43 | Report Abuse

Seem 0.485 is a stable price now.

Posted by smyang11 > 2021-09-04 02:40 | Report Abuse

Esceramic not glove counter but also cannot go up. This company is doing ceramic hand former. Should be up. Meaning this counter no one knows about it. And this counter seems to be uninterested by many funds.

Gg

Posted by VTrade > 2021-09-04 11:10 | Report Abuse

Smyang, u sell already?

Posted by AdCool > 2021-09-04 15:26 | Report Abuse

Don't think fund would invest in ACE market counter.

Posted by smyang11 > 2021-09-04 19:33 | Report Abuse

Havent buy. Waiting for 0.20 price. Do u think can get?

Posted by Gorengkueyteow > 2021-09-04 20:56 | Report Abuse

why not buy at 0,05

Posted by AllanTingAS > 2021-09-05 09:58 | Report Abuse

Wait for next month QR, if good result then up a bit. If announce SD, then jump! Highly expected QR result will be in positive zone. Slowly buy in.

Posted by smyang11 > 2021-09-05 13:14 | Report Abuse

When are they announcing going to main market? Also do you guys know when is the QR?

Posted by VTrade > 2021-09-05 13:53 | Report Abuse

Smyang, dont scare ppl. Is a earning company, oct only Qr
Need fresh investors come in as for technical support

Posted by emsvsi > 2021-09-05 16:07 | Report Abuse

ALL GLOVE INVESTORS SHOULD DIVERSIFY THEIR HOLDINGS AND GROW THEIR PORTFOLIO FURTHER AS THE ECONOMY REOPENS


THE NUMBAWAN TOP PICK SHURE WIN RECOVERY AND VALUE AND GROWTH STOCK IS GENTING (3182)


90% OF INVESTORS LOSE MONEY BECAUSE THEY FOLLOW THE CROWD AND BOUGHT INTO GLOVE STOCKS


DONT BE THE 90%, BE THE 10% AND YOU WILL BE A WINNER


SINCERELY,
EMSVSI

Posted by intrigue83 > 2021-09-05 17:50 | Report Abuse

Posted by smyang11 > Sep 5, 2021 1:14 PM | Report Abuse

When are they announcing going to main market? Also do you guys know when is the QR?

I hear very long d. But so far all rumors

Posted by RaksasaKambing > 2021-09-06 09:02 | Report Abuse

Last QR was announced in late July. Naturally, you have to wait around 3 months, so probably late next month. Just click the financials tab on i3 and you can see.

Posted by shrewdinvestor > 2021-09-06 15:34 | Report Abuse

As I commented earlier, Q 1 2022 profit will definitely be lower than Q4 2021 as MCO. All manufacturing plants will be impacted. So to me it's not a major event..

Posted by TreeTopView > 2021-09-08 09:49 | Report Abuse

I thought it might be timely to repost something I put up in this thread back in June 5.
Only once since I posted the comment has the price touched 46.5, very briefly intraday.

I hope it stays above 45/46 for holders.
I don't hold, purely a technical exercise for me.

June 5 post below.
*****************************************************

Stock: [ESCERAM]: ES CERAMICS TECHNOLOGY BHD

Jun 5, 2021 9:33 AM | Report Abuse

Technically it looks to be about to test the 7th December intraday low of 45 cents. Too early to say if yesterday's (Friday) price drop on increased volume is capitulation but if I was a holder then I'd be hoping it was.

A break below 45/46 could turn ugly, so I definitely hope that is not the outcome for holders. Downtrend Fibonacci figures for a break of 46 are, 40,33.5 and 28.5. Those numbers indicate how important this 45/46 support level is!

Disclaimer: Purely technical interest for me here as I'm not a holder.
Hope you all get a price turn around next week.

Posted by Sugan21 > 2021-09-08 12:25 | Report Abuse

down

Posted by moneytr33 > 2021-09-08 13:29 | Report Abuse

Damn it drops again

Posted by Newbiexxxxxxxxx > 2021-09-08 13:44 | Report Abuse

Melting non stop

Posted by StockGodFatt > 2021-09-08 14:09 | Report Abuse

Should I average down some more?

Posted by StockGodFatt > 2021-09-08 14:21 | Report Abuse

Or shut down my computer and don't look at it

Posted by StockGodFatt > 2021-09-08 14:26 | Report Abuse

Esceram sells formers to China should be good news for them. So why follow gloves down?

Posted by AdCool > 2021-09-08 15:14 | Report Abuse

Cause retailers and newbies dont know what they are buying and selling. Just follow the wind. Keep to your own investment strategy. Up and down in market is normal due to negative sentiment and positive sentiment/confidence plus some manipulation.


StockGodFatt Esceram sells formers to China should be good news for them. So why follow gloves down?
08/09/2021 2:26 PM

Posted by Sneakpeek > 2021-09-08 15:17 | Report Abuse

Soon back to sept 2020 price

Posted by StockGodFatt > 2021-09-08 22:53 | Report Abuse

Today I bought some more at 46c to average down

Posted by macdaddy > 2021-09-09 09:34 | Report Abuse

AGM on Tues 28th September 2021 10am.
The agendas silent on few thgs that investors have been anticipating all this while
1. Declaration of Dividend
2. Application as Shariah Compliance
3. Transfer to Main Board
If none of the above is in the Current management mind,and coupled with negative sentiments on Glove stocks then the future looks bleak for the price to go up.
The mgmt has to wakeup and realised that with no Investor Relation exercise, there wont be much interest from insti and hence price will dwindle downwards.

Posted by jakar > 2021-09-09 10:28 | Report Abuse

icecream melt down everyday.
Hopeless.

Posted by keepup > 2021-09-09 10:39 | Report Abuse

come back to see the price. why drop so many. you guys still dare to average down? drop every day non stop

Posted by LittlePony > 2021-09-09 12:45 | Report Abuse

Everybody still keep it or sell??

Posted by Fujisnow > 2021-09-09 13:12 | Report Abuse

Icecream technically looked very bad. But fundamentally great. Hard call.

Posted by StockGodFatt > 2021-09-09 13:36 | Report Abuse

I will buy some more later today

Posted by StockGodFatt > 2021-09-09 13:37 | Report Abuse

I will believe in fundamental

Posted by SLLEE5732 > 2021-09-09 14:19 | Report Abuse

I'm ready to collect more below 0.45
I want more !!!

Posted by LittlePony > 2021-09-09 14:19 | Report Abuse

Gidfatt, u still keep it? May i know what is ur average price?

Posted by SLLEE5732 > 2021-09-09 14:20 | Report Abuse

I'm greedy when others fearful

Posted by mushroom > 2021-09-09 16:14 | Report Abuse

sold all when 0.55 and warrant 0.34. Discounted price now

Posted by AdCool > 2021-09-09 17:52 | Report Abuse

Collected at 0.445. Been waiting to collect when it moved below 0.5 but been telling myself to wait and see if can collect lower. Next collection is below 0.4 if any since glove trend is overly negative now and would affect Esceramic too.

Posted by AdCool > 2021-09-09 17:57 | Report Abuse

Esceramic in a unique position whether China expanding gloves capacity or Malaysia or Thailand, Esceramic will have more biz. It s not competing against China or Thailand, it is supplying to them. We only heard of newplayers starting gloves manufacturing but no big players plan to start former manufacturing since it is a more complex process and low market. Nobody is interested to earn a 10mil - 15mil per quarter biz. Only existing players can cont on with this.

Posted by SLLEE5732 > 2021-09-09 19:04 | Report Abuse

Adcool
Totally agreed with you
Gloves companies might slow down but for esceram business still going strong
I sapu alot below 0.45

Tomorrow sapu again
I quite confident its will bounce back around 0.60 to 0.70

Posted by Gorengkueyteow > 2021-09-09 19:30 | Report Abuse

most of them never read annual report let them panic sell

Posted by StockGodFatt > 2021-09-09 20:20 | Report Abuse

Today I have added some more into my portfolio

Posted by AllanTingAS > 2021-09-09 20:31 | Report Abuse

I also keep buying and hopefully next QR will be good!

Posted by TreeTopView > 2021-09-10 08:50 | Report Abuse

With a current rolling 4 quarters EPS of 7.07 cents, I can't see why people think this is undervalued. If you were to give it a PE ratio of 10, then yes, it would be seen as undervalued but this industry is not achieving anywhere near that PE level.

I'd suggest any potential buyers consider what they think is a fair PE to set, then work from there.

Best of luck.

Posted by emailpete > 2021-09-10 13:17 | Report Abuse

Precisely agree with TreeTopView above. I was blindly speculating in this stock, until I looked into the 1:1 bonus issue done in 2019, coupled with a 1:1 warrants issued. That severely diluted the shares, increasing the issued shares by 2.5 - 3 times. Dato Tan family and ES originating shareholders are extremely shrewd, they manuevoured the stock to ride on this covid, and they cashed out with huge gains. In the past they could never unlock its value.

Even in the best of past 10 years, they struggle to NP RM5-7m per year, so once this covid and glove boom burst, my guess is RM10m max of NP. So investors can easily calc their EPS, and apply their PER to it. For me shares worth 30-35c at most.

I guess retail investors here are eternal optimist, every morsel of news, bad or worst, they twist it to compliment themselves........lol

Posted by VenFx > 2021-09-10 13:22 | Report Abuse

die lor

worth only 30-35cts kah ?
however i see will be the ultimately low entry level lah !

Thank you for your detail dissection above.

Posted by emailpete > 2021-09-10 13:38 | Report Abuse

The warrants were free and plentiful to all the substantial shareholders. At 20c conversion, they still double their money convert and dump....further diluting your shares and EPS. Which KLCI counter gets a 3x dilution of shares, and yet retailers are pegging them to some historical highs or stratosphere price.

I'm not trying to talk this share down. But just highlighting its fair fundamental value, while TreeTop's 2 post above have balanced both a FA and TA view to it.......

Best of luck guys !!

Posted by shrewdinvestor > 2021-09-10 16:43 | Report Abuse

@emailpete, 2021 Revenue 92.9 m with Profit 30.2 m . Now doubling capacity by 4th Q and order book full for next 2 years and you say going forward max 10 m profit per year!. 4th Q profit alone was 14.5 m. They are turning away orders because order book is full. What am I missing? Please clarify as I want to learn from you....

Posted by shrewdinvestor > 2021-09-10 16:45 | Report Abuse

Maybe tree top also can explain. Thank you. You guys seem financially savvy...

Posted by AdCool > 2021-09-10 17:42 | Report Abuse

If you purely based it on the existing production capacity in 2019, then it s already at its fair value. The growth is that Esceramic is expanding as it has acquired two plot of lands to build additional factories in Malaysia and Thailand last year. That would easily double their current production. In addition, for the next 2-3 years, many new comers join the bandwagon of manufacturing gloves and already building their new factories in China, Thailand and Malaysia. To Esceramic, it would cont to sell the former regardless if ASP for gloves down or not and these 3 countries are its market with some even to South America. With higher expansion and some which plan to even double their current production, recurring incomes for Esceramic would be higher due to wear and tear of the former within 12-18 months. In the next 2-3 years even when the pandemic subsided, Esceramic would have more clients to service and supply of formers especially for their wear and tear. For now, the business is secured for the next 2 years.

Posted by emailpete > 2021-09-10 17:43 | Report Abuse

Yes, you are not wrong either. Hence each to their own valuation. As a preamble, I've walked away from this stock, made a few thousand lost back double. Small change to be honest. Riding on my "gambling streak" friend, he's still hugging his 3m shares @70c ave cost. Poor guy keeps ave down at every fall. He recently asked me how to study this stock .....


Guided him to a reasonable PER (6 or 8 or 10 years). I'm a manufacturer too, as boring a product as ES, certaiinly no rocket science or futuristic....If fact a too sharp rocket boom always leads to a major crash....

And if one thinks covid will last 10 years, then take 30.2m x 10 years = its market cap. Divide that by the huge (huge !!) paid up shares + warrants. That's your indicative fair price.

In his case, he felt maybe 1 more year of 30.2m followed by a sharp drop back to earthly profits. So him & I came to own timeline and valuation......

Just like covid, none is the wiser, each DYODD......

N.B: I'm not an active converser here. Stumbled upon Treetops posts, which I felt made the most sense....

Posted by StockGodFatt > 2021-09-10 17:48 | Report Abuse

Esceram is a good fundamental stock

Posted by AdCool > 2021-09-10 17:57 | Report Abuse

@emailpete, thanks for sharing. To me it s worth keeping for now and monitor the price movement as esceramic may attract new big investors or acquired by the deep pockets glove manufacturers as now they have billions of cash. when they have ton of cash, the next thing they do is to do shopping. Should after two years, and there s nothing much and growth and exhausted all their orders and biz and back to normalized, we should move on.