words of wisdom today (quoted from others) :- 当一个行业飞的时候,通常不是基本面最强的起最多,而是股价最便宜的会起最多! Ice cream is still the cheapest amongst all glove-related company ! Many factors I listed above could easily trigger the share price into rocket-pace !!
It doesn’t matter Impression. Esceram still undervalue to me at this price. I see Thailand’s glove stock went up 5 times, I don’t see a reason why Malaysia glove stocks cannot. Also not forgetting that we are the largest glove manufacturer.
BIg boss bought around 5000 lots in Feb and March. 300 lots is just enough for him to buy a new car for his children after minus his own capital. Big boss also human with family commitment. :P
The question is whether Esceramic can deliver that EPS 1.0 and is market going to value it at PE30? Looking back at year 2015 & 2016, Esceramic delivered 3 quarters of 1.5 million ++, 2 quarters 1.8 millions ++ and 3 quarters of 2 millions ++. What happened during those years compared to now?
@AdCool, good analysis. Possible to make MYR 2 mio if formers prices are increased and production is smooth. Glove producers lead time is now 1 year and asking for deposit. Normal lead time for formers is 2 months if no backlog. In a short time the lead time will be longer as glove companies expansion requirement for formers and regular replacement due to breakages and corrosion on formers. I foresee lead times longer and pricing power will come. So , fundamentals are still good for this company. I have made good decisions in this counter and profit always!
Well well Harta was buying 95 acres land for expansion then just ask yourself whether this Ice cream company director is happy and joyful through out this news
All the big 4 taiko surely will make use of this opportunity for expansion to further cater to rising global demand in future ..Ho ho just buy and buy and hold until year end
My simple TA Dropped below MA 14 but just right on top of MA 21 MACD death crossed but above 0 so still not too bad RSI 53 quite attractive but it went lower before (once in Feb and Mar)
My forecast It might drop a few more days before it stabilizes and rebound for the 4th wave
Hopefully market doesn't crash before its next wave
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Posted by Lewis Lee > 2020-05-17 11:00 | Report Abuse
words of wisdom today (quoted from others) :- 当一个行业飞的时候,通常不是基本面最强的起最多,而是股价最便宜的会起最多!
Ice cream is still the cheapest amongst all glove-related company !
Many factors I listed above could easily trigger the share price into rocket-pace !!