Generally 3 years shelf life for latex gloves and 5 years for nitrile gloves. You can imagine batches manufactured during pandemic in 2019/2020 would have expired by now and not surprising to see orders picking up for top 4 glove makers. Tariffs on China's gloves starting Jan'25 will be a booster for the glove makers too. Lets see whether these will translate to higher revenue for Esceram in FY25 and waiting for signs of EPS upside.

Downside of this company is only ACE market. Most financial institution in Malaysia are not allow to invest in Ace market.

But i remember Inari back in 2012, they were ace market with 120million market capital, and now 10bil.

Esceram is eligible to be listed in Main market, with total revenue almost 400mil. I believe in 1-3 year, esceram will be in main market.

you can always opt to do nothing until QR showing promising results. Esceram carried out an impairment exercise for the manufacturing segment as part of factory rationalization exercise in previous quarter, q4'24. It will raise eyebrows if another impairment being carried out again in q1'25.

Good start for Q1FY25; single digit revenue increase for manufacturing and double digit for building materials. Marching towards tariffs increase starting Jan'25 which coincide with Q3FY25 and Nitrile gloves expiry for batches manufactured in 2019/2020; may see demand for formers increasing. Q2FY25 should be seeing higher manufacturing revenue and continuous demand for building materials.

to be listed in main market, they need market capital rm500m. that means esceram has to reach 0.80sen per share.

is there a potential for esceram to reach 0.80sen? answer is Yes.

if we refer to their current revenue 110mil in last quarter, their EPS supposed to be around 1.5 - 2.0sen (assuming 15% profit from total profit). Other building material company reach 20 - 27% profit.

for me, esceram is 1bil company market capital.

Increase of revenue but reduce in profit margin. This happen when government suddenly announced to lift out subsidy of diesel in Jun. Company may unable to tranfer the cost to buyers in short term during that time. Now another challenge coming is next year Feb, which the 1700 minimum wages can cause increase of operation cost. i do believe the management will transfer the cost to buyers.