superb auditor

Author: ming23   |   Latest post: Tue, 13 Oct 2020, 9:25 PM


Texchem (code:8702): Target of Privatisation?

Author:   |    Publish date:

The share price of this company back to year 2017 July at 1.31. 

current NTA: 1.95

current share price: 0.41 (as per 03/06/2020)  UNDER VALUE.

Major shareholder: Tan Sri Dato' Seri Fumihiko Konishi with held 61.42% (direct or indirect)

Top 30 shareholder already holding 79.93%...the rest 20% in the market. Total shareholder: 2,739.

4 main core business:

1. Industrial- chemical distribution (plastics/latex/gloves/textile) +ve P&L benefit due to recent glove's run

2. polymer engineering Division- +ve P&L and benefit due to covid 19

3. Food Division- -ve P&L due to supply at oversea unconsistent

4.Restaurant division- +ve P&L under the inhouse brand 'sushikings)

As the share price of Texchem is superb undervalue in year 2020, they will be possibilities for the major shareholder to privatise the company at the very low cost. Texchem have the total sales revenue more than multi billion since year 2000.






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Chart Stock Name Last Change Volume 
TEXCHEM 0.61 0.00 (0.00%)

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