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Author: keng1234   |   Latest post: Wed, 3 Jun 2020, 2:43 AM

 

The secret of ' Texchem' (stockcode:8702)

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Texchem started distributing Chemicals business since early 1970. After over years of expanding and growth, they have become one of the major industry chemicals distribution company not only in Malaysia but SEA. They have expand wisely in SEA and had set up all the sales channel in SEA. Similar likes Luxchem, Samchem and CCM, Texchem also one of the major chemicals supplier to latex/rubber gloves to all the gloves company in Malaysia. With the recent strong order and demand of gloves worldwide, Texchem definitely will be benefit with the increase capacity of of the major gloves company like Topgloves, Harta, Kossan and Supermax. As the leading chemicals distribution company in Malaysia (homeground)....this will certainty to bring in higher sales volume and high profit to the group.

On top of this, Texchem's polymer division is venture to produce gloves chemicals in order to capture the high demand of the gloves industry, The proposal had been write in details in their recent company annual report. This project will definitely benefit to the group as the demand of gloves chemicals will also increase with the covid 19 pamdemic.

 

Texchempack, the Texchem's packaging division is the contract manufacturing for the medical device. They are ISO certificate and also GMP compliance. With the high demand of medicals device due to covid 19, this also will give direct impact to their polymer division. This division had been receive many new inquiry and order from customers around the world. 

Somehow, the Texchem polymer also producing shield mask under their brand name of 'Tex-shield'. They have receive well respond from local and oversea order recently. The production is running nearly 100% due to the over respond of the shield mask.

 

As the current share price of Texchem at just 35sen against NTA 1.95. They share price is obviously superb undervalue. with new development in healthcare, chemicals to the gloves industry...it will be a very excited years of Texchem in this Covid 19 pandemic.

 

 

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Labels: TEXCHEM

Related Stocks

Chart Stock Name Last Change Volume 
TEXCHEM 0.65 -0.01 (1.52%) 221,400 

  Cheongster1715 likes this.
 
Cheongster1715 Truely excited year for texchem
03/06/2020 2:50 AM


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