However, if market is willing to give ES a higher PE than gloves, then it's very good for all of us. This we should all hope for as we always said it's decoupled from gloves industry.
The decrease in revenue and production ouput was due to COVID-19 infection cases and factories shutdown during FMCO, not because of decrease in demand. ASP still healthy as of now as mentioned in the QR report so I believe market shall revalue it with a higher PE.
Bgt 9963 - you talk no sense. U think all gloves companies no need to change their old hand former? U talk as if you own a glove company? Low level thinking
Still have 31 mill ++ contract liabilities. Last quarter they had around 43 mil contract liabilities. They just delivered 12 mil for a quarter due to FMCO and close down. 12 million revenue from the existing contract and another 13 millions from normal sales. Next quarter should be easily to deliver back 35 mil revenue as they need to fulfill the outstanding contract of 31 mil ++.
ES welcome 2 new directors who are specialised in other fields. Sure wil bring more businesses for ES and bring more assets into the company. Good good
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....
Kingbeast
649 posts
Posted by Kingbeast > 2021-10-19 14:24 | Report Abuse
David: 0.37 don’t want to accumulate? Now only want. Lol