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Stock With Momentum: Es Ceramics Technology
by Cals Sat 09 Jan 2016, 01:49
Stock With Momentum: Es Ceramics Technology
By Asia Analytica / The Edge Financial Daily | January 8, 2016 : 10:27 AM MYTThis article first appeared in The Edge Financial Daily, on January 8, 2016.
[size=16]Es Ceramics Technology Bhd ([You must be registered and logged in to see this image.] Valuation: 0.80, Fundamental: 1.95) (-ve)
ES Ceramics (Fundamental: 1.95/3, Valuation: 0.8/3) rose 7.45% to close at 50.5 sen yesterday. Since it was last featured in Stocks With Momentum on Oct 7 last year, the stock has risen by 40.3%. The share was heavily traded with a volume of 39.0 million in comparison to its average 200-day trading volume of 7.2 million.
For 1QFY16, the Group has recorded an increase of 8.64% in revenue to RM6.65 million while profit before tax jumped 30.72% to RM1.54 million. The increase is in line with the revenue and improvement in the operations performance.
There were no borrowings and it has a net cash of RM16.8 million.
The Ipoh-based company is involved in manufacturing and distributing ceramic hand formers used in the glove manufacturing industry, which is seeing a major capacity expansion exercise. Its plants are located in Malaysia and Thailand.
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