last few week. the lot size is few hundred, few hundred lot. Today is thousand thousand lot block. Seem big boy wanna block it up. Look like Wanna dump price..
Actually this stock if you study 2016 annual report, u will found out the net operating cash flow is almost equal to it's profit after tax, I seldom see this kind of power cash generated company so far, and it also maintain such performance in this year too although last quarter is affected by high material cost.I ready don't understand why people just don't want to invest in it since it had drop so much already?
fundamentally the company looks good to me, as most of the gloves counter did well last qtr, i hope that the company can benefit from it...just keep my fingers cross, wait n see :)
The glove related share PE all almost above 20, this share with such good fundamental is trading only at 11, you said it is over price, I don't quite understand.
Just based on pure gut feelings, I think it should be a good quarter, almost like last year or even surpass it. Hopefully I can then exit at or above my entry price of RM0.465. Otherwise I just have to hold it longer.
Glove production is at the highest levels ever in Malaysia, so I will be very surprised if Esceramics is not able to capture this surge in their topline and bottomline.
Fundamentally a great company to invest for a mid long term player. The price seem settling down & found a support. I still think the Q4 result next week is not something loud but coming years going to be blooming for Esceram again.
Jon, I've seen you around. You should be smarter than to know that what happened today is what we call "churning". I am definitely tempted to sell (even at a loss) cause I find it hard to believe that ESCeramics could deliver the expectations. But then again Esceramics is the smallest part of my portfolio (on a cost and M/V basis), and the glove industry in Malaysia is expected to grow (in terms of raw output) 10% p.a. over the next 5 years...so maybe I just let it roll. Huh...tough times. Gotta make a decision. What I guarantee though is that if it hits RM0.48 before the results are out, I would have sold (I already queue there).
Even you want to churn, at least you got to have so much fool to buy from u, 8m woh.u though easy meh.when did u see this share trade so high volume this few month.
Agree Jon, I bought ESC when I was just starting out...looking back, this was my "worst" buy as I actually overpaid for it. Like you said, so many other "cheaper" companies out there. Alas, I learned my lesson here. It's still a good growth company, but like I said, I overpaid for it. As such, I am very tempted to just exit and forget I ever made the purchase, haha.
Looking at the last minute trading and there is still a lot of buying at 0.435. Tomorrow will be critical to see volume continue and price continue to escalate. Then, very lightly, much better results or good news is coming..... With all glove company increase in their volume, I believe more glove formers will be needed, which should benefit ESCERAM. I am holding to my positions and might add more if the momentum really continue tomorrow...
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New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
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stevenkhoo
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Posted by stevenkhoo > 2017-07-05 10:17 | Report Abuse
if result is good, 3.0 or more
accumulate