Can we back to normal? I dont think we can be so. I have been working from home for 18 months now and never in my imagination ever thought about this. And never in my imagination that the whole world is in lockdown or partial lockdown and every country closes their borders. Norm as pre Covid is no longer possible.
"A man is walking slowly on a country lane. Accompanied with him is his dog, who follows his master slowly. While the man is walking slowly, his dog jumps around back and forth. Sometimes the man is ahead, thus he will wait for the dog, and there will be times when the dog is ahead; thus the dog will wait. The man is the economy, and the dog is the stock market."
The man now cont to walk forwardly while the dog cont to move backward and forgot about its master for a while. Next, the dog may realize it and would leap back quickly to catch up with the master. Now we just need to wait for the dog to realize that since there are many "fake" dogs are luring the dog away from the master who are now far in front.
Until glove stocks start trending and moving , even with impressive qr results is not going to move up shares price . Just collect the wonderful dividend meantime .
nothing much from Esceram. Glove dead i think. Now only can survive on dividend. Investing in Esceram is my biggest mistake. Well what to do. just can enjoy the dividend only. Nothing much Esceram can offer. At current stage it is a lousy stock.
izoklse & king beast I thought esceram gaves good dividend 3 months ago where the price was hovering between 80 sen 87 sen. I was taken for for down ride to this current price now. The dividend was not worth it. Esceram gives divident; in a way hoping we do not sell but hold on to it. So be cautious. Just comment what I have gone thru.
any solid advice? any more good news? really stuck so high up. Should cut loss? everyday going down. Capital slowly gone. Sleepless nights. How i wish i no need worry about money.
The thing is fundamental this counter is strong. Healthy cash flow. Gloves expansion is expanding and last QR can be seen they have been selling to China But why share price drop?
Well, outlook as expected seems promising. Order book healthy. China will have healthy growth. Expansion on plan. Dividend policy remains if making money. Automation ongoing. No order cancellation, repeat orders is good. I will hold for dividends. Personally, I think this share will fluctuate between 0.4-0.5 as earnings already priced in. That's my take away for now at least.
That can be said for most companies on the Malaysian stock market. The majority of companies treat their shareholders like mushroom, keep them in the dark and feed them manure a few times a year.
It's such an easy fix for companies to engage with shareholders but nobody seems to care or has the initiative to do anything about it.
The positive perspective from the AGM are the business still strong goin into 2022. Another is they have submitted to SC for Shariah compliance. No firm commitment from the mgmt on upcoming dividends and transfer to main board. They seems lost on what s happening to the share price. It seems their main focus is on the operations only and not on shareholders value. Might as well take the company private if dont want to care on the share price. Without any effort on IR, the price will be sideways for a long time, doesnt matter how good are their profit will be.
1. Demand, Supply & Prospect and Orders Book - Tight supply and demand for former is high - Management mentioned former pricing in long term will be "normalized" Does it mean the profit margin will return to Pre-Pandemic Level around 10% ++? I've asking quite a few questions about ASP but management didn't reveal it much !!! - Healthy recurring orders book, so far no order cancellation from customer at this stage as some shareholders mentioned some glove companies limit expansion
2. Region Sales - China - 45% revenue is export sales - China existing and new players expand production provide opportunities to group former revenue - They sells formers directly to customer and not going through agent
3.Production Expansion & Production Capacity - Expect to roll out additional capacity in 1st half 2022 Previously interviewed by Nanyang mentioned should be complete in July 21 but I think MCO cause plant expansion delay - Current Utilization rate around 60 - 80%
4. Competitor and New Entry Players - Formers production significantly mainly from existing former players. - There're bound to have new entrants when demand is strong and there's promising industry prospect
5. Main board listing - Management mentioned Under consideration but so far we didn't see any application from them to SC yet, I think it might take at least one year to complete if look at with Solarvest case
6. Shariah Compliant status - In review process of the SC
7. MCO Impact - Badly impact o manpower allocation & utilization lower business activities and volume - So guys be mentally prepare for next month QR not that good
8. Dividend - so long Financial Performance & cashflow are satisfactory, will continue paying dividend
There's lots of questions about ASP, sustainable profit & China revenue, think people might relate it to Glove counters on Sustainable Earning but management didn't reveal much on ASP make it very hard to predict its next QR earning.
The only clue from management is long term price will normalize Lots of questions answered quite conservative.....
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AdCool
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Posted by AdCool > 2021-09-21 11:41 | Report Abuse
Can we back to normal? I dont think we can be so. I have been working from home for 18 months now and never in my imagination ever thought about this. And never in my imagination that the whole world is in lockdown or partial lockdown and every country closes their borders. Norm as pre Covid is no longer possible.