I just want to highlight to traders/investor here regarding the core business of Esceram is ceramic hand former, do you understand what material is ceramic? If no new production lines expansion for Glove manufacurers, the demand/order for Esceram should be limited. Ceramic materials are long lasting. If not accident broken or new lines expansion, the orders are very limited.
I read most glove companies (big or small) planning to expand, who doesn't want at this timing ? Ice cream's products are surely in high demand now or in the future ! I just think maybe they need to expend their manufacturing output also to catch this glove-bull-run trend ! they have the expertise, experience, customers, goodwill, and .... ready cash of RM20mil in their balance sheet to do that !! From FA point of view, I start to like this company becasue of their net huge cash position (almost 10c per share) , comparing to most glove companies with high gearing ! YEt they are making profit every years and giving up dividends ! For example, LKL & careplus, recent 2 punters' darling , both are huge loss making past few years with high gearing, and be fried up to ridiuclous price ! Those counters really need to be beware !!
If you are FA investors, and can't stand the excitement of watching your trading screen up down every second, you can buy tonnes of "ice cream" and just lock in inside the freezer, wait for the time covid 19 pandemic subdue, then only open up your freezer, lick and eat your grown delicious big fat ice cream then !!
Glove manufacturer will preorder ceramic former as standby. Production lines operate 24 hours without maintenance break will easily break the former with broken chain.Anyone know the ceramic price? Mayb former price will increase as demand is persist until end of this year at least.
Wah wah wah.....the operator really merciless........today really excited and scared the shit of the short term trader...bravo bravo....good show good show....
If people still continue to believe in the unending demand for gloves due to covid, that's a wishful thinking. The supplies are already in pipeline till the beginning of next year. Do note that more and more suppliers are fulfilling the demand all over the world and local producers had already priced that in. So the big boys had taken advantage of the first move to pump and dump. It's pretty precarious as they will move into other sectors which some forumers here had already been talking about it here. Be wiser and stay informed of this, so as not to be caught on the wrong foot.
Not just ice cream experiencing volatile price movement, look at other glove, health care products counters all the same ! Bursa is moving with this theme play now, as long as covic 19 threat is still out there, this trend and theme play will continue or even strengthen in the future ! comparing to other volatile counters, Ice cream is one of a few with strong fundamental, net huge cash, profit every year since listing 2005 (except 2011, very astonishing !), their balance sheet in 2011 have high gearing with bank borrowing of around 15mil, and in latest Q report, all bank borrowing has reduced down to minimal with net cash of aorund 20 mil !! Are you not impressed ?? Do the research yourselves ! I think they are very conservative and low profile, hardly see the CEO or directors giving interview to press ! If one day they do .... sky is the limit liao !!!
short term trading will be very excited and heart pounding !! Those with heart problem better don't trade with this kind of counters, or else lock your stocks in freezer and do sth relaxing , only open your freezer to sell your ice cream once covid 19 subdue !!
open went up to 0.495 and then dropped to 0.395 and now back to 0.455.....really like roller coaster.....hey....uncle cannot take this kind of hit leh....jangan main main boleh tak?
Today Glove big 4's turn to be fried up, all small cap glove counters taking a break !! After finished frying Big 4, they will come back to goreng small co, hope for "goreng ice cream" lah !! sooner or later, you all will have one !!
Two way to play with ice cream :- For FA, lock it in your freezer and to open up after news of vacine of covic-19 invented, For TA, use your month (or others' mouths) IN OUT IN OUT licking the ice cream but heart pounding every second !! lol
This is what i3 stock god KYY 's comment when promoting his comfort counter just now :- "Since many scientists predicted that Covid 19 pandemic will continue for 1 or more years until a vaccine is approve by FDA of USA. Under the circumstances, Comfort share price can go up higher for a long time until the demand for gloves is reduced. "
now is just the beginning of glove theme play ! More to come !!
problem with ice cream is because nobody (even their own CEO) to promote it with strong FA analysis ! If KYY , OTB or even chun chun call Calvin can promote this counter every week, then we can have ice cream goreng to eat lah !!
Ya they play hard this counter. If no promote ...then back to safe range 0.34- 0.38 sen. Until got something news about glove/ Covid19...then go back to 41- 46
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k tq Richielee