I think Jerasia had made a good decision manufacturing protective gears because it has been reported in the USA that protective gears are in a shortage as corona virus is increasing. They have to reuse the gowns. Worst than gloves. At least there is no shortage of gloves. Will it become like the gloves counters movement?
The personal protective equipment market is expected to grow at a CAGR of 7.8% over the forecast period 2020-2025. The increasing number of COVID -19 cases, along with the rising industrial awareness of employee protection at the workplace, are the major factors driving the growth of the personal protective equipment market.
The Board of Directors of JERASIA wishes to furnish the following additional information pursuant to the query:-
to-date, CASB had converted approximately seventy per centum (70%) of its production lines for the production of PPE products; whilst CAC had converted only less than five per centum (5%) of its production lines for the production of PPE products. The remaining ninety-five per centum (95%) of the CAC’s production capacity still remains focused on the manufacturing of fashion apparels and accessories for the export market. Currently, daily production capacity is up to 100,000 units of PPE items with opportunities to increase capacities as demand grows.
As opportunities arose out of the COVID-19 pandemic, the Company deemed it fit to switch towards the production of PPE products contributing towards overcoming domestic and global shortages of such items. When normalcy and certainty return to the Group’s product lines, a new equilibrium will be found, balancing its capacity requirements towards PPE products and regular production of fashion apparel and accessories.The Company will continue to develop and deepen its competencies in the area of PPE production.
pecca going to start PPE manufacturing , now up 5 sen...Jerasia can buy in now. Jerasia has been manufacturing since April and going to increase in production in future.
This Company falls in a sunset industries where its earning mostly came from distribution of apparel wears in physical shops. With rentals and less physical shopping nowadays, their profit has not been able to show a healthy sign and yet with the debt keep compounding. (Bank Borrowings are still in high level).
In COVID-19 situation, it hits the Company higher than ever. Thanks to the management engaging in PPE, the Company managed to secure some of the cash flow from there, but if you look at its main business, its inventories are covering so high over its assets.
Personally i think the Company has potential and the capabilities to be the Star for tomorrow. But the Company need to change their ways of doing business and try to diversify their business.
This company is a gem with their established apparel businesses and directors pivoting to PPE to generate more revenue for shareholders during the pandemic outbreak
Yeah, u right, their debts is very very high. If it is 25 Sen, then it is OK. I sold mine. When Pecca is 105 last week, Jerasia was only 25 Sen. Now 90 Sen and Pecca is still 114. Better switch to Pecca as both are doing PPE. Pecca is cash rich about 46 Sen per share.
Pecca is only planning to start their PPE production next year in 30 June 2021 as per Pecca's bursa query, meanwhile Jerasia has started their PPE production in 14 April 2020, before all other penny stocks get on the PPE hype train. Jerasia already has started their production lines, instead of other companies who "plan to produce" PPE
waiting for lower price and to sell at higher price now
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