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i bought esceram, not because glove business. i bought esceram because its cement mixer business. its cement segment is proven profitable. look at another cement mixer company, their profit reach 20% of total revenue.
if esceram total revenue 110m per quarter, in the future their profit could reach 15m.
my target price for esceram is rm1.00 at least. if this counter transfer to main market, probably could reach rm2.00
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.
