In the video you see ceramic hands *by ES CERAMIC rotates and dip into nitrile or rubber latex (By LUXCHEM) to form a film which then enters an oven and re emerge as fully formed rubber gloves
So if LUXCHEM does well ES CERAMIC Will equally do well
They are two sides of the same coin
Since LUXCHEM share price has shot up it is only a matter of time ES CERAMIC follows
1) It produces the highly valuable Surgical & Examination Hand Former which command the highest prices
2) Thru a new found surge of Glove demand from Whole World in Covid 19 lock down there is an urgent need for more Gloves
This will lead to more building of New Glove factories which in turn will increase the demand for Hand Formers or ceramic hands
3) Rubberex already planned to a new factory which will add another Billion nitrile examination gloves
4) Since TopGlove goes into 24/7 production the wear and tare of glove hand formers will increase. Any defect or crack thru constant non stop use will need replacement
The company has been experiencing higher demand recently from the glove manufacturing sector due to the coronavirus outbreak. The coronavirus outbreak has seen the company receiving higher purchase orders from its glove-making clients. “The expanded facility can now handle 18,000 tonnes per annum (tpa) from 13,800 tpa previously, ” the research house said.
Recall that Transform Master was acquired in 2016.
At the time of acquisition, it had a manufacturing capacity of 9,600 tpa.
RHB Research maintains its buy call target price for Luxchem. Luxchem’s stock has experienced increased market followings in the past three weeks as a thematic play.
This is arising from the coronavirus outbreak, given its exposure to the gloves sector. Buy,recommended.
I sold too early at 69 cents, consider buy back again if the price revise. Any how, market is volative and remember the biz is good on gloves industry but drop on the other biz. Let see how market react on coming weeks.
Increasing production also not enough la.Too many demand for glove.Thus will increase in glove chemical also.This stock can earn a lot of money from this.I believe this stock will go beyond 1.00 In short time.Lets ride along to the top.
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Johnchew5
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Posted by Johnchew5 > 2020-04-24 16:48 |
Post removed.Why?