the higher you climb the air gets cooler and you feel nicer. But bear in mind the harder you fall too. Fall from 1 storey still able to survive....but 10th storey? all the intestines also will purge out. CHEERs ya...trade with caution.
Don't worry tauke...Selamat Hari Raya to Esceram Technology Berhad share holder. Wish good luck. Hand former should is increasing needed to rubber gloves industries now busy
According to recent QR announcement by 2nd Bro (Harta), 3rd Bro (Kossan), 4th Bro (Supermax) of Bursa glove companies , they are all planning (or already opening out) their new factories, production lines !! Tai Koh Bro (Top Glove) will announce QR next week , and expected to sing the same song in order not to lose out to others !!
With BIG 4 brothers all rushing to expand, LITTLE 4 brothers (comfort, rubbrex, careplus, adventa) will definitely follow soon, even using your backside to think you also know those expansion will SOLELY BENEFIT the only ice-cream licking baby brother who make glove's hand former in bursa !!
1. For glove making industry, we have Big 4 (in fact is Big 5, Riverstone, operation in Malaysia but listed in singapore !) Little 4, and many many tiny more ... operating day and night in order to fulfill crazy pandemic-driven demand all over the world at the moment. Everybody wants to expand output capacity, or even new players planning to enter this juicy business at Covic-19-hype period. sooner or later down the raod, you will see tough competition amongst all the glove players, suppy will out pace demand ... profit margin drops.... inventories pile up ..... just an oridnary cycle for any business !
In fact most glove companies might already reach their fair value or even over value for those unproven small glove company !
2. Many investors still ignorant of the fact that at glove's hand former sector, there is little competition out there, only Big2 in Malaysia, Ice Cream is the Tai Koh, another 2nd Bro Ceremtec is not listed. Ice Cream in hand former sector is just like Top Glove in glove sector, the biggest Tai Koh ! If all glove companies over optimistic to expand, their glove hand formers will surely fall into these big 2 , and they will enjoy the least competition in their sector as no other big players can carry out big orders ! .... bearing in mind , they have yet to be "hyped up", enjoying the least and minimal publicity, thus has the potential to explode once they announce their propsect in their coming QR !
Do you choose to invest in a over-hyped-glove-theme in which the glove players are facing tough competition soon or hand former players they are enjoying duo-poly sharing of the cake and still be ignored by investors ??
esceram has been oscillating between the channel lines. The prcie has been hovering above the bottom line for the last 4 trading days. I like trading counters that move up and down between a channel. It seems like the bottom channel line has provided firm supports for the last three pullbacks. I don't forsee esceram will breakway from the trend any soon unless if tomorrow someone were to tell me that there is already a cure for Covid-19. Otherwise, esceram has so much potential.
I just found out sth by reading their latest QR :- share capital :- 22.9 mil ; retained profit :- 21.9 mil Good enough to declared around 1:1 bonus if they want !!
Their BS & PL is so solid and good for value investors ! Just that they are low profile and haven't been talking to the press !
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
kmwong8711
639 posts
Posted by kmwong8711 > 2020-05-21 16:17 | Report Abuse
Enough 300 lots