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Last Price Today's Change   Day's Range   Trading Volume
1.12   0.00 (0.00%)  0.00 - 0.00  0
1,150 comment(s). Last comment by spicyketchup at Nov 16, 2020 9:13 PM
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nicl
20 posts

Posted by nicl > Oct 15, 2020 2:56 PM | Report Abuse

live2win Chemical company good investment, got fundamental


Live2Win
44 posts

Posted by Live2Win > Oct 19, 2020 10:17 PM | Report Abuse

Moving up slow and steady...it seems like it is going to announce another record breaking good quarter results
soon...


cherry88
795 posts

Posted by cherry88 > Oct 20, 2020 1:35 PM | Report Abuse

Historically, Samchem will announce its 3Q results not later than 10th of Nov. So, please stay on till 10/11. Will expect to announce a record hitting net profit and expansion in margin. 2Q results have already showing the trend. Samchem is also distributing a chemical call TDI. This chemical is in high demand and short of supply. Prices had shot up too. I believe the company will definitely benefit from it.
Frankly, given its usual thin margin, I don't expect the share price to shoot up like those glove companies. Let's be practical, given its current 4Q rolling PE of 12.7x, should I put a fair PE of 15x, we will expect the target price to hit RM1.40 once it announces the 3Q results before 10 of Nov. It may not look attractive to short term investors


cherry88
795 posts

Posted by cherry88 > Oct 20, 2020 1:54 PM | Report Abuse

However, longer term wise, the company should experience a recovery in its current thin margin position due to the surge in demand of products to the healthcare, household and personal care sectors. I think this company still provide a cheap entry for COVID related exposure. so, for a long term investor and lower risk exposure, Samchem should be part of your portfolio. I am not super investors as I also don't have much exposure in glove companies (other than hit n run). So, invest base on your own risk appetite.


Nangkabusuk
38 posts

Posted by Nangkabusuk > Oct 20, 2020 5:03 PM | Report Abuse

Well said cherry88


jackfruit
436 posts

Posted by jackfruit > Oct 20, 2020 5:16 PM | Report Abuse

Another good Q earning shareholders will be rewarded with bonus and free warrent.


Goinvest88
481 posts

Posted by Goinvest88 > Oct 21, 2020 7:08 AM | Report Abuse

Good, expect good QR result with margin improve, sales recovery from lockdown, new distribution of lubricant division


Superb99
4681 posts

Posted by Superb99 > Oct 21, 2020 11:18 AM | Report Abuse

1.12...cheap sales


Superb99
4681 posts

Posted by Superb99 > Oct 23, 2020 7:26 AM | Report Abuse

Pe for ccm is 40 over but pe for samchem is only less than 12, diff by so much...anyone knows the reason behind, selling diff products or due to the NTA as I see ccm is having higher NTA...


wbwanabe
138 posts

Posted by wbwanabe > Oct 23, 2020 11:56 AM | Report Abuse

if not mistaken, the contributions from gloves chem makes up a very small portion to Samchem business. The bigger supplier is CCM, hence that could be a reason for CCM having a better price. Another big player is Luxchem. Do go to their respective websites to check out their products in order to get a clearer picture of what each company contributes to in the productions of gloves


Leo1960
11 posts

Posted by Leo1960 > Oct 23, 2020 8:16 PM | Report Abuse

Any advice on samchem. Now 1.04


cheoky
2770 posts

Posted by cheoky > Oct 23, 2020 9:58 PM | Report Abuse

refer to texchem is a preclude to samchem upcoming Q


Superb99
4681 posts

Posted by Superb99 > Oct 23, 2020 10:39 PM | Report Abuse

TA wise, not a good sign, apparently some tycoons are releasing their holdings...initially thought it can continue its uptrend due to it's consistent good performance but looks like people play it penny counters....just dumped like no tomorrow


Goinvest88
481 posts

Posted by Goinvest88 > Oct 25, 2020 7:48 AM | Report Abuse

retracement is good sign for those want to buy


drteh84
346 posts

Posted by drteh84 > Oct 26, 2020 1:00 PM | Report Abuse

Have u ever notice that from May 2017 till now , the company directors only buy, but not sell their shares?


ibojio
12 posts

Posted by ibojio > Oct 26, 2020 5:06 PM | Report Abuse

When will they release Q3 earnings ?


Li Li
42 posts

Posted by Li Li > Oct 26, 2020 10:47 PM | Report Abuse

received letter, rm0.01


Li Li
42 posts

Posted by Li Li > Oct 26, 2020 10:51 PM | Report Abuse

received letter, rm0.01


justspeculating
4 posts

Posted by justspeculating > Oct 27, 2020 11:21 AM | Report Abuse

Price went up 3x from the low in 03/2020, emerging to breakout from the base of the last correction started from the sellout in 08/2020. The area of resistance is 1.11 - 1.20, some said the line of resistance is 1.15 but I think of an area instead of a line of resistance because of the heavy sellout in early 08/2020 and the recent price action, so I would wait for the price to confirm itself when (if) it breakout in heavy volume or, I would buy early if it retreats near to 1.00 and forming a hammer or star candle in heavy volume with my stop loss set at 0.95.


justspeculating
4 posts

Posted by justspeculating > Oct 27, 2020 11:46 AM | Report Abuse

A long time peer of the company - TexChem just announced a turnaround quarter and positive outlook, so I am looking forward to the company's coming quarterly report, low profit margin could be regarded as strength if the management is more efficient - higher inventory and receivable turn, and generates better cash flow, in such event, it offers a bargain compare to its peers (LuxChem, TexChem...), lower Price to Sale, Price to Book Value and PE ratios.


cherry88
795 posts

Posted by cherry88 > Oct 27, 2020 2:32 PM | Report Abuse

@ibojio...Refer my comment dated 20/10...."Historically, Samchem will announce its 3Q results not later than 10th of Nov. So, please stay on till 10/11"


ibojio
12 posts

Posted by ibojio > Oct 27, 2020 2:41 PM | Report Abuse

@cherry88. thanks for the info. Gapping up today


cherry88
795 posts

Posted by cherry88 > Oct 27, 2020 3:12 PM | Report Abuse

U will miss RM1.10 soon.....buy before you feel sorry


cherry88
795 posts

Posted by cherry88 > Oct 27, 2020 3:17 PM | Report Abuse

Luxchem reported a handsome profit with rolling 4Q PE of 24x while Techem also recovered from loss. All with same reason...increase in selling price and margin. So, Don't you don't believe Samchem will do the same ? and Samchem is trading at undemanding PE of 11x ?


kasiong1995
12 posts

Posted by kasiong1995 > Oct 27, 2020 5:01 PM | Report Abuse

Close at 1.15
Good closing price


drteh84
346 posts

Posted by drteh84 > Oct 27, 2020 7:29 PM | Report Abuse

Looks like 1.40 is not far away from curent price.


cherry88
795 posts

Posted by cherry88 > Oct 27, 2020 9:21 PM | Report Abuse

Yes. Should 'fair value' (may not hit) at least RM1. 40 before 11/11. Let's looking forward


Superb99
4681 posts

Posted by Superb99 > Oct 28, 2020 12:47 PM | Report Abuse

It tried many times to break 1.2 but failed, too heavily rely on the movement of glove counters


cherry88
795 posts

Posted by cherry88 > Oct 28, 2020 1:08 PM | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3100238


cherry88
795 posts

Posted by cherry88 > Oct 28, 2020 1:10 PM | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3100239


cherry88
795 posts

Posted by cherry88 > Oct 28, 2020 1:10 PM | Report Abuse

Sit tight and enjoy your popcorn


Roroho00
39 posts

Posted by Roroho00 > Oct 28, 2020 2:36 PM | Report Abuse

Sell on news


ibojio
12 posts

Posted by ibojio > Oct 28, 2020 2:45 PM | Report Abuse

Good QR result but price dropped.


Superb99
4681 posts

Posted by Superb99 > Oct 28, 2020 2:47 PM | Report Abuse

Hard to play, good or bad result, people just dun care


cherry88
795 posts

Posted by cherry88 > Oct 28, 2020 2:58 PM | Report Abuse

a bit disappointed did not see the "margin improvement" in the accounts. It also means the there is no increase in pricing, especially from M'sia division. In fact, its margin drop....too bad...Bye


Superb99
4681 posts

Posted by Superb99 > Oct 28, 2020 3:23 PM | Report Abuse

It is very depends on whether there is any tycoon goreng it, ccm price is higher but result so so only...hopefully long term investors like it but apparently its price is unable to break 1.2...too bad


Jeffreyteck
3706 posts

Posted by Jeffreyteck > Oct 29, 2020 12:16 PM | Report Abuse

One year about 2 sen dividend, it takes about 50 years to recover capital. LT no go unless fundamental changed substantially and dividend higher. ST trading on sentiments.


drteh84
346 posts

Posted by drteh84 > Oct 29, 2020 3:38 PM | Report Abuse

Does anyone think of why people would que to buy at the price of RM1.20 of the opening price while the previous closing price was RM1.15 ? Why would people que to buy at a lumsum of RM1.20 just before the quaterly report is out?


drteh84
346 posts

Posted by drteh84 > Oct 29, 2020 3:40 PM | Report Abuse

i would rather play on reverse psychology.


DaitoRyu
1221 posts

Posted by DaitoRyu > Oct 29, 2020 3:52 PM | Report Abuse

https://www.thestar.com.my/business/business-news/2020/10/29/samchem-profit-soars-795


Superb99
4681 posts

Posted by Superb99 > Oct 30, 2020 9:44 AM | Report Abuse

Formed double top at 1.2...gg.com


Superb99
4681 posts

Posted by Superb99 > Oct 30, 2020 2:58 PM | Report Abuse

This counter has no support at all, keeps dropping


Yusofff
27 posts

Posted by Yusofff > Nov 6, 2020 1:27 AM | Report Abuse

Breakout. Masuk. TP 1.20


Superb99
4681 posts

Posted by Superb99 > Nov 7, 2020 8:30 AM | Report Abuse

Breakout...? Lol...up from 1.0 to 1.15 with very small volume, I think quite hard to break 1.2....to hit 1.2 again also not easy...this company is having good fundamental but price appreciation is a bit slow....if it can up like ccm then cantik


Leo1960
11 posts

Posted by Leo1960 > Nov 10, 2020 7:24 PM | Report Abuse

Anyone knows why samchem got no support?
Is it being affected by vaccine news too?


Superb99
4681 posts

Posted by Superb99 > Nov 11, 2020 12:12 PM | Report Abuse

I left this counter till it breaks 1.2...more better counters out there....no doubt, good fundamental but price is badly affected by glove counters and price appreciation room for glove counters are limited now so quite hard actually for glove related counters.


gankm
67 posts

Posted by gankm > Nov 16, 2020 3:57 PM | Report Abuse

slow and steady...


NInvestor
103 posts

Posted by NInvestor > Nov 16, 2020 4:03 PM | Report Abuse

Superb99 gonna come back? lol. broke 1.2


newtotheshow
10 posts

Posted by newtotheshow > Nov 16, 2020 9:03 PM | Report Abuse

who said price affected by glove?nicely said :)


spicyketchup
77 posts

Posted by spicyketchup > Nov 16, 2020 9:13 PM | Report Abuse

Alamak forget to buy back in! Sien.

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