Glove sector has been stagnant and down since 2022. But my view on this company:
1) Paying dividend
2) Strong balance sheet
3) Good PE, compare to other glove maker company and cement mixer company.
4) Strong Cash, 87mil.
5) Many people say construction is booming in 2024, but I personally dont rely on this facts.
6) low non current liability

I understand where you are coming from, William. Glad that you are in the opinion that Esceram has good financial books. And its perfectly fine that you have different opinions :) No right or wrong. After all, fundamental ratios, yields etc often disagree with technical indicators particularly when its above or below intrinsic value. Overvalued/undervalued versus overbought/oversold if you will. Lets share our opinions about charts dated 3 years back to now. If you would have study the charts thoroughly and owned Esceram 3 years ago, there were several warning signs that the uptrend has ended and time to get out - top at 0.95 followed by confirmation of reversal at 0.67 and the start of downtrend from this point onwards. It got out of the downtrend and entered into sideway starting early of last year. You would have noticed the spike driven by the Q4FY23 results and as FY2024 unfolds, the price went back into the bottom of the sideway trends :) A chartist will not buy downtrend stock. Some chartist will trade sideway stocks while most chartist prefer uptrend stocks. So, will you initiate position at the bottom of the sideway trends if you are studying the charts? Just my opinions, could be wrong. Hope it helps.

ermm.. probably not from evermix concrete earnings perspective, Eddy. Well, this is based on available information being used from the valuation exercise / acquisition of evermix by Esceram. The baseline considerations uses Evermix PBT and PAT in FY19, FY20 and FY21. Highest PBT and PAT across these 3 years was in FY19 whereby it recorded ~7M PBT and 5.4M PAT. The valuation done by independent valuer valued Evermix at the range of 77M to 136M and Esceram paid 83M which is deemed as fair. Profit guarantee of 11M for two cumulative fiscal year. Fast forward - Esceram reported 8.8M PBT for building materials (Evermix) in FY23 and 12.5M PBT cum to date in FY24 :)

It started off with diversification which is intended to reduce the dependency on formers and to stabilize earnings perhaps. A bigger chunk of the acquisition cost is from cash and not from stocks which is ok. Additionally, the 11M profit guarantee for two cumulative fiscal year is equivalent to PE15 and I would say Esceram could have made a pretty good acquisition based on the numbers reported so far; against the baseline assumptions if you will :) Mr. Market has yet to price it accordingly and hopefully in due time :)