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No signs of increased margins from building materials. Full fiscal year profit from building materials (>12M pbt) offset by losses/impairment from manufacturing (-11M) segment.
Overall revenue increased. Impairment is there but it make sense to sell I guess. Overall, pretty much the same except building materials increased a little
both segment's revenue increased comparing to preceding quarter. Additional orders secured comparing preceding quarter and latest quarter contract liabilities. Mgmt quoted on the focus on improving margins and executing current orders on hands instead of getting more orders :)
all is well, Nick. I can wait :) Started first small position at 0.195 four months ago and been waiting for bottom fishing at 0.175. Today is just 2nd small position at 0.19 :)
glove formers / manufacturing is no longer the major segment :) Its the ready mixed concrete / building materials segment which is contributing 95% of the revenue for Esceram.
the diversification to building materials seems to be a good decision at the moment. Profit guarantee for two cumulative fiscal years (FY23 and FY24) completed per the acquisition plan. Looking forward to Q1'25 after the impairment in Q4FY24 :)
Lol, no pun intended. there is no such thing as rvix. It was just my own playful term. and it requires lots of negative motherhood comments for it to spikes. after all, valuation does not matter until it matters most :)
wait for the right time to trade, TN :) No rush and the upcoming rate cut in Sep will provide you with lots of opportunities to trade. Have faith in your own trading setups.
wowo. mohd razif yakin sampai nak borong? Saya nak bottom fishing sikit2 kat 0.175 sebab q4'24 nampak manufacturing segment revenue dah naik sikit. mungkin dah sampai dasar.
Logically unlikely to sell as a portion of the sales of Evermix to Esceram were covered by consideration shares with the value of 18M while 65M in cash. Selling below 32 cents a piece means Evermix owners will receive lower than 18M. Two tranches of payment in the form of consideration shares at 32 cents per share - (1) during completion of sales and purchase agreement (2) upon profit guarantee for 2 consecutive fiscal year ending 31 May 2024 (the recent released qtr report).
hello kelvin, yes its back in 2022 and the total purchase consideration was 83M (65M cash + 18M in the form consideration shares at 32 cents per share). Of the 18M, it is split into two tranches - 7M upon sales and purchase agreement completion back in 2022 and another 11M will be issued upon meeting profit guarantee of min PAT of 11M cumulatively for FY23 and FY24.
don't worry much. just have to sit tight and go through such turbulence in market cycle. best if have additional fund to acquire more cheap n good shares
those construction and tech counters which have appreciated 150-200% for the past 2 years gonna be impacted much. counter such as Esceramic, didn't even appreciated would quick to recover back to its 0.2 soon. there s no extra fats to trim for this counter.
extracted from Hartalega's report: Despite these challenges, there are early signs of improving demand for rubber gloves, driven by a gradual recovery in sales orders as pandemic stockpiles diminish. Moreover, actions taken by key domestic producers to streamline capacity and the exit of new entrants have alleviated some of the oversupply pressures. Consequently, the Group continues to ramp up production capacity in anticipation of a more favourable demand environment.
Inventories diminishes and upside demand anticipated due to tariffs starting Jan'25. This bodes well for manufacturing (formers) which is a high margin segment.
bear in mind that the former biz isnt primary beneficial of such tariff increase. it would take some months before the company would experience the positive effects. this was same during COVID when all the gloves counters increased but esceramic waited for 5 months before catching up.