Posted by 2016v > 2017-07-21 10:49 | Report Abuse

42 cts can buy?

Posted by 2016v > 2017-07-22 09:51 | Report Abuse

bought some, see how it goes

Posted by micsoh > 2017-07-24 15:39 | Report Abuse

Stop move?

Posted by newbie 99 > 2017-07-24 19:11 | Report Abuse

when qr will come out?

Posted by micsoh > 2017-07-24 20:58 | Report Abuse

Maybe tomorrow

Posted by micsoh > 2017-07-25 13:13 | Report Abuse

So far so good, volume trade still good.

Posted by gutt > 2017-07-25 14:59 | Report Abuse

bad news, fast run?

Posted by gutt > 2017-07-25 15:00 | Report Abuse

or good news, drop to trap T4?

Posted by micsoh > 2017-07-25 16:59 | Report Abuse

Last minute also like this, I think mostly is bad result.

Posted by invest turtle > 2017-07-25 21:15 | Report Abuse

Result delayed. Ya mostly is bad result. Myb EPs 0.50

Posted by micsoh > 2017-07-25 22:19 | Report Abuse

See tomorrow how, maybe last minute rocket.

Posted by invest turtle > 2017-07-26 20:53 | Report Abuse

Result delayed. Not a good sign.

Posted by 2016v > 2017-07-27 09:06 | Report Abuse

QR is released the same day as the Board meets
no such things as delay or late bcause of bad result or good result, early release
haha

Posted by nikicheong > 2017-07-27 09:18 | Report Abuse

Left 3 more days...when will it be?

Posted by gutt > 2017-07-27 17:33 | Report Abuse

no good news.

Posted by Jon Choivo > 2017-07-27 17:52 | Report Abuse

Haha, revenue up, GP down.

Posted by nikicheong > 2017-07-27 17:59 | Report Abuse

Well, guess I'm stuck with this now. At least main board listing to look forward to.

Posted by invest turtle > 2017-07-27 18:03 | Report Abuse

Die.

Posted by deepseafisherman > 2017-07-27 18:38 | Report Abuse

GG!
Push up before results announcement, tomorrow heavy sell down......

Posted by invest turtle > 2017-07-27 18:41 | Report Abuse

Hahaha... tmr limit down

Posted by invest turtle > 2017-07-27 18:42 | Report Abuse

Waiting at 0.30

Posted by Jon Choivo > 2017-07-27 18:48 | Report Abuse

Wait, isnt the profit actually up? Theres a 1 million gain in forex.

Posted by Jon Choivo > 2017-07-27 18:50 | Report Abuse

Including OCI, this quarter was better than the last, and 2017 earned more than 2016 no?

Posted by deepseafisherman > 2017-07-27 19:02 | Report Abuse

Market will compare with last year same quarter and last quarter, higher operating cost dragged it performance and it EPS dropped significantly....

Tomorrow will know....

I guess tomorrow is big sales for ESCERAMIC

Posted by Rica7894 > 2017-07-27 20:10 | Report Abuse

But the group’s still in net cash position of RM23.62mn or 11.2sen/share and RM5.59mn cash flow from operation as at FY17. I believe Es Ceramics is a good stock to consider for long-term investment.

Posted by deepseafisherman > 2017-07-27 21:30 | Report Abuse

I agreed with you ESCERAMIC is good counter and with net cash position, but market looking at growth.....expect some short term pain

Posted by 4444 > 2017-07-27 21:36 | Report Abuse

EPS 0.6X4=2.4 sen. PE 10 TP 24 sen?

Posted by vxpoison > 2017-07-27 21:59 | Report Abuse

I think the drop has been factor in since last year July until now as they already foreseen 2017 is not as good as 2016, the chart is on a down trend for a year already. As i said earlier, Q4 is not something loud but we should look forward to the coming year & considering entering Esceram once bottom is found.

Posted by nikicheong > 2017-07-27 22:06 | Report Abuse

I'm also positive for the company long-term, but now brace yourself for ~RM0.35.

Some positives:

1) Considerably higher CAPEX than in previous quarters. Might pay off in the near future if this is further automation

2) Book value is growing at a good pace. YoY B/V has grown from RM0.2075 to RM0.2439. This is a 17.5% growth, which is admirable

3) Mainboard listing will likely happen now that ESC has met the profitability criteria

Posted by 2016v > 2017-07-28 08:12 | Report Abuse

Overall results is still ok, total turnover increased 11% though profit down
Continuity of plant expansion and transfer to main board, the stock is still good
the management expect favourable performance in coming financial year too

Posted by Rica7894 > 2017-07-28 08:59 | Report Abuse

The group has shown improvement in cost management, a stronger balance sheet with a growing cash pile, and solid financial track record led by a prudent management team.

Posted by dizzyshin > 2017-07-28 09:02 | Report Abuse

Expect a drop but I see this as chance for average down. Gloves prices is steadily going up, more than 15% for the past 3 years, I'm a clinician and I buy large amount of gloves. Higher revenue posted but lower profit due to costing issue is not as bad as no sales, cost eventually have to transfer to end user. Other hand former company will have to increase their price also if the material cost keep going up. I also charge my patient more when my material price increases, no choice. Long term investor should see this as a chance for bottom fishing . Transferring to main board is another good news, so I remain positive on the future of this company in the long term.

Posted by fullcreammilk > 2017-07-28 09:03 | Report Abuse

@nikicheong "1) Considerably higher CAPEX than in previous quarters. Might pay off in the near future if this is further automation "

-- I asked the ED, Mr Wong, and he confirmed that the increased expenses in purchases of plant, property & equipment is for automation purposes.

Posted by gutt > 2017-07-28 09:21 | Report Abuse

run away lo. fast sell.

Posted by dizzyshin > 2017-07-28 09:29 | Report Abuse

@fillcreammilk how do u ask the ED? He will reply question from outsider so easily ?

Posted by nikicheong > 2017-07-28 09:36 | Report Abuse

Yeah ED has also confirmed that there will be no main board transfer due to cost considerations.

He will only answer if you are a shareholder obviously. I have contacted him a few times since March.

Posted by dizzyshin > 2017-07-28 10:12 | Report Abuse

@nikicheong u just mentioned that main board transfer is likely after meeting the criteria but now u say it's not happening ? Transfer of to main board will have a lot extra cost ? Pls enlighten me, I always thought is a good move to transfer.

Posted by nikicheong > 2017-07-28 10:41 | Report Abuse

I think ES Ceramics is happy where they are, and may not feel that the costs justify the transfer just yet. Maybe they want to wait to get bigger, or maybe they foresee further short-term challenges that might "diminish" their main board listing.

All I can say is, the ED replied to me last night that after the board deliberated on the matter, they decided not to proceed with the transfer listing for the moment due to cost considerations.

Posted by 2016v > 2017-07-28 10:43 | Report Abuse

no need to speculate lar
still early to apply for main board if there is a plan as the accounts is not audited yet
yes, transfer to main board incur costs i.e bankers, due d .....etc but there is opportunity to tap wider capital funds...
can meet the management during agm in 3 months time
the picture will be clearer by then
good time to pick up more shares at current price if prospects is good

Posted by fullcreammilk > 2017-07-28 11:06 | Report Abuse

The ED, Mr Wong, has been replying to my emails very promptly and professionally in the past few years. That he is willing to respond to shareholder's enquiries is one reason I invest in this company.

I don't think we can find much fault or things to complain about ESCeramics' balance sheet. The management also seems fair and pragmatic, based on my observation during AGM and how they allocate funds.

My main concern is whether its automation can really translate into better profit margins and sales. This...is very difficult to determine, no?

Posted by 2016v > 2017-07-28 11:48 | Report Abuse

@fullcreammilk, for a busy CEO to response to you in email is rare, unless you are holding substantial shares.

Posted by vxpoison > 2017-07-28 12:02 | Report Abuse

U must be 1 of the top 30 share holder for the ED to reply u...

Posted by 2016v > 2017-07-28 14:22 | Report Abuse

true



vxpoison U must be 1 of the top 30 share holder for the ED to reply u...

28/07/2017 12:02

Posted by nikicheong > 2017-07-28 15:44 | Report Abuse

ED will reply, no matter how small or big, as long as you are a shareholder.

In fact you will be surprised how accomodating IR of small/mid caps are. I have gotten replies and clarifications not in the public domain by getting in touch with the IR of Bumi Armada, Ikhmas Jaya and Parkson. ES Ceramics is the only one where the ED replies, possibly because it is a smaller company.

Posted by nikicheong > 2017-07-28 15:44 | Report Abuse

As a shareholder, you are a business owner. As long as your questions and enquiries are within reason, they warrant a response.

Posted by 2016v > 2017-07-28 16:01 | Report Abuse

all these while, I hve been dealing with the part time IR of ES Ceram, and gotten 3/4 type of replies
next time, I might as well deal with the ED, hahaha

Posted by dizzyshin > 2017-07-31 17:12 | Report Abuse

who are esceram's main competitor? are they listed? cant seem to find much info on this

Posted by vxpoison > 2017-08-02 11:47 | Report Abuse

Something is brewing...

Posted by nikicheong > 2017-08-02 11:58 | Report Abuse

Nothing brewing, people just getting in on good valuations.

Posted by gutt > 2017-08-02 13:04 | Report Abuse

just few days of dropping. now naik abit.