Revenue & profits already up by more than 3,000% last year
THIS YEAR WILL BE EVEN MORE FANTASTIC
LOOK AHEAD!
THE GAME CHANGER IS COVID 19 FOR ALL GLOVES
THE GAME CHSANGER FOR ES_CERAMIC WILL BE AN INCREASE OF ORDERS FOR HAND FORMER OR CERAMIC HAND MOLD BY ALL GLOVE COMPANIES IN MALAYSIA & ALSO IN THAILAND
Compared quarter to quarter and year to year, the results is fantastic! Comparison of quarter to quarter is important and more accurate in view of year end holidays,Christmas and Chinese New Year, it interrupts productions and orders from customers. Those who involves in manufacturing knows it better
This is to notify that ES Ceramics Technology Berhad ("Company") has on 23 March 2020 received notification from Mr. Wong Fook Lin, an Executive Director of the Company that he intends to deal in the securities of the Company during the closed period pending the announcement by the Company of its results for the third quarter ended 29 February 2020.
Understandable that alot ppl upset on this quarter result since very high expectation set for comparison with previous 2 quarters. But, if we analyze from overall angles, the annual financial earning ending coming May 2020 will definitely outperform yr 2019. All of you can calculate yourself and verify against year-to-date result from reliable website. Maybe this is the difference btw short term and long term investors. Buy and sell at own risk and dont blame others since decision made by urself.
The global outbreak only started after January and so did the demand for PPE globally. The producers then only ramp up production to meet the surge in demand. The real surge in order for ceramic former will come from February onward. In view of the high order, they will increase the price for better margin and the maximum profit will be shown from March onward.
2 cents from someone who work in manufacturer before
At the meantime, I have been buying Comfort Gloves shares because the company has added 6 new production lines to its 49 existing lines in February. This increased production is most timely to take advantage of the higher glove prices.
In February means oredi factor in Esceram Q3 if Comfort bought the hand formers from Esceram... Why Esceram Q3 is less profit ..
and also priced in la.... u see PE so high now. and last 2 qr did much better but share price remain around 20cents..... now has doubled up. my persona opinion is purely goreng goreng goreng. but ok la. got many ikan bilis supporting the price during this MCO period
How world’s largest glove maker meets coronavirus demand The finance head of Malaysia’s Top Glove shares efforts behind the scenes in the company’s production ramp-up. By Alexis See Tho 17 March 2020
The doubling of February orders means that it has to make roughly 5.8 billion more gloves in the coming weeks just to meet February’s additional demand. The usual lead time of 30–40 days was stretched to 50 days. This month when FM reached out again, orders are now 120 days till delivery, and its factories’ utilisation rate rose to 95%, up from 85% in February.
On the surface, a production ramp-up looks as simple as increasing inputs — raw materials, labour, and cash. But the experience of one manufacturer, Prestige Ameritech in the US, has shown that swift increases in production could create a risk that could almost destroy a business, according to a US National Public Radio report. In 2009 at the height of the H1N1 flu pandemic, Texas-based Prestige Ameritech hired more workers and built new machines to increase surgical mask production. But the machines took months to complete, and by the time they were ready, the swine flu crisis had ended and demand had died out. To add to its woes, there was oversupply in the market, and hospitals didn’t buy for months. The manufacturer almost went bankrupt, NPR reported.
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Posted by Johnchew5 > 2020-04-29 19:11 | Report Abuse
Wong Fook Lin shares % increase from 2015 .. 7.55 % to 17.45 % on 20/3/2020
Major shareholder is Dato Kamal YP Tan..25.65 %
FY17 Revenue is RM 33 million with profit 19 % .. share price is below RM 0.40
FY20 (2Q) Revenue is RM 18 million with profit 11.5 % .. share price is ???