Posted by Lewis Lee > 2020-05-24 14:03 | Report Abuse

Their best ever annual profit is RM6.3mil in FY17, around EPS = 3.1 ,
for conservative PER = 20, fair price = 0.62
high side PER = 30, price = 0.93
if follow crazy Top Glove's PER = 80, price = 2.48 !

Posted by Lewis Lee > 2020-05-24 14:13 | Report Abuse

https://www.theedgemarkets.com/article/gst-level-field-es-ceramics

"According to Wong, ES Ceramics’ current capacity is about 100,000 to 150,000 formers a month, which is equivalent to a full month’s glove former orders by big glove players such as Top Glove Corp Bhd and Hartalega Holdings Bhd. "

Read this passage, Big 2 's one month orders already can fulfill their whole month capacity in 2015 ! Now ? I guess the CEO is busy expanding their output capacity until no time to talk to press !!

Posted by Johnchew5 > 2020-05-24 14:28 |

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Posted by Johnchew5 > 2020-05-24 14:37 |

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Posted by Philip ( buy what you understand) > 2020-05-24 14:40 |

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Posted by AngAhHoe > 2020-05-24 15:55 | Report Abuse

Very good article, @Philip (buy what you understand)

Posted by Vincent2002 > 2020-05-24 16:20 |

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Posted by calvintaneng > 2020-05-24 22:29 | Report Abuse

Philip is half past six

See https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-05-24-story-h1507830969-THE_MOST_FOOLISH_THING_DONE_BY_PHILIP_AND_HE_IS_TOO_DUMB_TO_KNOW_IT_Cal.jsp

Posted by Vincent2002 > 2020-05-25 07:45 |

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Posted by Lewis Lee > 2020-05-25 08:42 | Report Abuse

Recent i3 stock gurus' fight show :-

Top-Glove-Philip vs Chun Chun Call Clavin Tan .......
Round One ! Ding Ding Ding !

Posted by Vincent2002 > 2020-05-25 09:35 |

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Posted by Vincent2002 > 2020-05-25 09:38 | Report Abuse

Top glove guru Philip is the one whom compiled Calvin 2019 40 stocks, 38 out of 40 are making Loss before MCO .

Posted by Vincent2002 > 2020-05-25 09:42 | Report Abuse

People collecting glove stocks , con artist promoted Berjaya, T7 , Parkson , Binacom , Cmsb, netx, opcom ,redtone.

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Posted by Richielee > 2020-05-25 11:21 | Report Abuse

We found support last Friday's closing. Bulls should step in on Wed =).
This year TP: ~RM1.00

Posted by Supermom > 2020-05-25 23:12 | Report Abuse

Richie Lee, hope too =) go go go!!!

Posted by Johnchew5 > 2020-05-25 23:22 |

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Posted by Vincent2002 > 2020-05-26 10:42 |

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Posted by calvintaneng > 2020-05-26 12:47 | Report Abuse

Why this Vincent so gaypoh?

Your zelan with Rm550 millions time debt bomb going bankrupt soon

Es ceramic is cash rich why you worry?

Go back to your lapsap zelan

Posted by Lewis Lee > 2020-05-26 14:33 | Report Abuse

I just dug deep and checked the previous public comments in Ice cream forum and that's what I found :-
1. according to members attending previous AGM, CEO Wong Fook Lin is a very humble and approachable persons, most minority's queries he will answer with honesty. Even queries vide email can reach him direct for answer.
2. He didn't talk big and lured people to invest, he just stated the facts and didn't over-hype this company.
3. As for the diversified investment in hotel or property developemnt, the JV agreement is for subscription for preference shares, meaning Ice cream will get paid of dividends (if any) first before other common shareholders in Lasseters (the biggest shareholder of Ice Cream, Kamal Tan is also a substantial shareholder in the property company) and ice cream will get priority in getting back their money first if there is any liquidation of the property company ! (read the JV agreement please )
4. 2.3 mil investment in the prop company do not need shareholder's approval,(as they have already subscribed) but for further fund of investment (around 90%) they need to call for EGM for shareholders' approval, (Kamal Tan (20+% share) can't vote, minority still have the chance to block and query) and as per 30-4-20 announcement, they decided not to proceed with the subscription of shares in the prop company.
5. how about the 2.3 mil invested ? according to latest announcement, the prop company must redeem (pay back) by 2-3-2022 with the rate of 1.1913. Meaning the 2.3 mil is like loan (bond) to the prop company with flat interest rate of 19.13 % for 2 years ! If the prop co can't pay, Kamal Tan's other company Lasseters International, guarantee to pay !!
6. Of course there is risk to shareholders, if Lasseters go bankrupt or Kamal Tan's company Lasseters international also fo bankrupt, 2.3 mil burnt ! But good news is 2.3 mil is just minor exposure with minimal risk.
But I think it is highly unlikely, Kamal Tan's own shareholding in Ice cream (around 20%) easily worth (40mil x 0.40) = 16 mil at present market price, can he default at 2.3 mil ??
7. On the other side of coin, (which is more likely) if Lasseters redeem the shares, 2.3 mil investment will give shareholder returns of 19.13% on 2.3 mil = 439,990 (about 0.2 cent per share on other income, much better than let the idle cash earning chicken feed of 2% p.a from bank FD !)

I just analysed on facts, hope fellow shareholders won't get over worried on this issue !

Posted by Cashbanana > 2020-05-26 14:37 | Report Abuse

calvin the vincent and johnchew are same person see the comment also know.

ya both of them need to worry about zelan

Posted by Amukutty > 2020-05-26 16:37 | Report Abuse

Cashbanana yes they are the same blady person.Dirty and filthy mindset.

Posted by kmwong8711 > 2020-05-26 16:39 | Report Abuse

Lewis

Thanks for clarifying of this property investment

Good to have you in this Ice cream stock

Posted by kmwong8711 > 2020-05-26 16:45 | Report Abuse

Shrewinvester

Pls comments some good news for new investors as I know you are a royal fan for this ice cream stock

Posted by Lewis Lee > 2020-05-26 17:10 | Report Abuse

I think the board are quite fair with the deals and shareholders' interests is protected.
Besides nowadays listing rules are quite strict also, not easy for insiders to be hanky panky !
Big shareholder Kamal Tan is (extracted from annual report) :-

"Dato’ Kamal, who is also a Substantial Shareholder of the Company, graduated with a Bachelor Degree in Economics from the London School of Economics and was actively involved in his family’s banking, insurance brokerage, trading and printing businesses in the early years of his career.
Dato’ Kamal is currently the Executive Director of Envictus International Holdings Limited, a company listed on the Singapore Stock Exchange where he oversees the general management of the business operations."

(extract from Envictus 's website ) :-
"Dato’ Kamal Y P Tan is the Group Chief Executive Officer of the Company and was appointed to the Board on 23 December 2003. He was appointed as the Executive Director of the Company upon its listing on 23 December 2004 and has been redesignated to the current position since 20 January 2009.
Dato’ Kamal is an Economics graduate from the London School of Economics and has held board positions with companies listed on the stock exchanges in Malaysia, Singapore, Australia, United Kingdom and India.
Currently, Dato’ Kamal is also the Non-Executive Director of another company listed on the Singapore Stock Exchange, namely Lasseters International Holdings Limited. He is a Director of Cypress Lakes Group Limited, a public company in Australia and is a Board member of Park Hyatt Saigon, a 259-room 5-star hotel in Ho Chi Minh City, Vietnam.
Dato’ Kamal was re-elected as Director at the AGM held in January 2015. Dato’ Kamal is the brother of Dato’ Jaya J B Tan. "

What I learn is Envictus is a F&B company and surprise surprise ! Lasseters International also listed in Singapore !! (who is to guarantee the 2.3 mil lend by Ice cream to the JV prop company, you can feel even more secured learning about that !! )

More so, this big shareholder's profile is so great with many directorship in at least 4 listed companies ! (1 in ice cream, 2 in Singapore, 1 in Australia)

Just need to do homework to understand better.

Posted by Lewis Lee > 2020-05-26 17:12 | Report Abuse

The more I research, the more i am very sure that the stated profit 19% out of 2.3 mil investment of RM439,990 is almost SURE PROFIT for ice cream for the next 2 years !!

Posted by Lewis Lee > 2020-05-26 17:19 | Report Abuse

Lasseters International (Kamal Tan as director & sub shareholder) is a casino operator in central Australia !

Seems like Ice Cream Big Boss Kamal Tan (25% share) is a big shot in international business !

Posted by Stockhunter88 > 2020-05-26 17:27 | Report Abuse

Tomorrow prediction open 435, peak at 470

Posted by Vincent2002 > 2020-05-26 19:42 |

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Posted by EdenOfSaudi > 2020-05-26 22:23 | Report Abuse

No, I’m not worrying at all. The more this counter drops the more I will collect which will be hardly I supposed.

Posted by Mikecyc > 2020-05-27 05:30 |

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Posted by orange11 > 2020-05-27 07:14 | Report Abuse

there goes the cash if the property investment and loan stock is approved

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Posted by Lewis Lee > 2020-05-27 08:24 | Report Abuse

Too many newbies and ignorant people in share market nowadays !
Can’t help , many Tom dick & Harry ,either uneducated or under educated in investment all jumped in to F around in Bursa !
To those newbies out there, if you could not understand the terms of agreement or the plain language of latest announcement , pls buy some basic books on accounting or companies law etc before you comments lah !
If still lost and not able to understand , read my analysis or go around ask intelligent Si Fu etc !
LOL

Posted by Lewis Lee > 2020-05-27 08:26 | Report Abuse

Do more homework and equip yourselves with knowledge and education , so newbies won’t get “game over” too soon ! Friendly advice !!