calvintaneng Rubberex will be expanding for another 1 billion gloves
Sri Trang of Thailand going for IPO to increase glove production from 27 billions to 32 billions
>>>>> Why Ruberex change Major Shareholder in Feb’2020 .. to SCH boss .. Will be expanding .. not yet loh .. as Top Glove Finance Director said will take few months to ramp up a production line ..
•Revenue maintain 9mil •Operating profit maintain 1mil (not net profit) •NTA up 1 cent •EPS up 60cents •Liability reduce •The net profit reduce due to reduce liability and buy assets. The EPS up 50%.
Dec 19 to Feb 20, the covid is start on around 20th of Jan. So I assumed the pandemic stimulate is only half of the period.
Is this a high profit QR report for the period? The best are yet to come
But I expect tomorrow will gap up also. Haha Although Gilead news is out. But I know redemsivir just news, people buy on news, in future one year, glove is still in high demand. Be rational.
Commentary on Prospect for the Current Financial Year The COVID-19 pandemic will negatively impact the global business environment including the essential services industry and together with the Movement Control Order (‘MCO’) imposed by the Government of Malaysia will indeed have significant impact on the company’s performance outlook for the financial year which remain uncertain and challenging. However, the Company will continue to adjust and take the necessary steps to mitigate the potential risk posed including prudent cash flow management to meet its financial commitments and obligations.
Can refer to the company commentary on prospect.... not sound very positive to me...... if the company is doing good, they will comment the way the topglove did
John, Finance sector give you high dy. You don’t come here compare, high dy we will look for reits. Only those stable companies give you high dy. Growth companies focus on basic and expand, dy we don’t expect high. Please adjust your mindset or go look for other stocks. Waste time talk to you.
Covid 19(topglove) and MCO(esceramic) are different. Both companies are in uptrend due to Covid 19. But top glove no stop( except supply chain slowdown), ESCeramic is affected by MCO.
Or you ask the boss. This is my interpretation from the statement.
Papaping Operating profit drop to 1m...not maintain...previous 2q is around 1.4-1.5m, the net profit drop is mostly contributed by the drop in operating profit, don’t mislead others
You May argue this quarter low (qoq)due to cyclical(public holiday etc) as their third quarter result is always lower for the past years
I can see that it used additional ~RM1.8 mil (2,094,128 - 289,822 previous Q) for purchase of property, plant and equipment from the statement of cash flow. Liability is actually increased from ~RM2.07mil to ~RM2.83mil mainly due to "Trade and Other Payables" I don't get the whole picture yet, but probably it is a good liability when the supplier charge ESCERAM for their service/good so that it can ramp up its production. We will need to see in the coming QR if it generates more revenue, I have no idea how long it takes for charging, but I'm sure it was not reflected in current quarter with flat revenue vs previous one.
Tang thats a very good observation. most people are missing it. Pl look to the next Q result which includes Mar & April which are boom times for Es ceramics. Next 6 months will be fantastic business for Es ceramics.
Papaping I’m not too sure also, the revenue to operating profit they didn’t disclose? Or I didn’t read further, not experienced. Yes, it’s is highest in 3 years I think Will be interesting tomorrow
All the major glove companies doing roaring business can only lead to further expansion which in turn will need more ceramic hand formers from es_ceramic
Especially now that all are increasing production capacity
Even Thailand and others are ramping up production and going for IPO
So year 2020 will see an uptick in es_ceramic like never before
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Johnchew5
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Posted by Johnchew5 > 2020-04-29 21:49 |
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