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 :)

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.

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.

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.