Posted by 7300 > Jul 23, 2019 10:01 PM | Report Abuse

not same the monkey money king ego only,fake rumours n brain don't have except ban n blame with retalation when someone don't agree with, I wonder he got spm onot!!!....wakaka

Posted by Fabien "The Efficient Capital Allocater" > Jul 23, 2019 10:51 PM | Report Abuse

market cap is 70mil++, sushi king itself is worth triple of that

Posted by sense maker > Jul 23, 2019 11:16 PM | Report Abuse

Market capitalisation is only just rm60m now, after net of some shares held by its subsidiaries. Sushi king has 130 outlets, by far the largest Japanese chain restaurant in Msia. The Japanese MD should consider selling it for rm200m- rm300m. To argue it’s worth zero value is absurd lah. Lease liabilities total rm50m only. Most of the bank loans taken are secured against inventories and receivable, I.e for trading. So, it should be manageable providing the Japanese cut back capex loh.

Posted by AbhAng Jordan > Jul 23, 2019 11:33 PM | Report Abuse

Stupid Japs , cannot make profit liquidate la n go back village with your ugly ducklings.

Posted by i3lurker > Jul 24, 2019 12:11 AM | Report Abuse

share market is sentiment

bankruptcy of Tim Ho Wan restaurant costing RM5.8 million raised doubts on ability of Restaurant Division to run restaurants.

now loss of 5 sen per share for 2018

2019 how? lose another 5 sen?

how many more 5 sen can Texchem lose?

how many more years of losses?

until the loss situation is clarified, share price will be depressed.

Posted by i3lurker > Jul 24, 2019 7:34 AM | Report Abuse

Taking Tim Ho Wan as an example. I used to eat at Tim Ho Wan very regularly.

Tim Ho Wan was doing very well with good crowds. Suddenly the food portion sizes shrank, buns became smaller in size etc etc

The chilli sauce used to be real chilli and premium chilli sauce. These suddenly disappeared and was replaced by cheap synthetic drum/bucket chilli sauce normally used by roadside hawkers.

For restaurants, the worse thing you can do is tinker with the food portion size and use fake chilli sauce.

Tim Ho Wan just collapsed after this 2 weird changes. I stopped going Tim Ho Wan and it entered my blacklist for using cheap hawker drum chilli. The crowds thinned out and restaurant became empty.

My prediction came true and it went bankrupt.

so you wanna buy Texchem who use cheap fake hawker drum chilli? Which type of fool will use that other roadside food hawkers?

Posted by apolloang > Jul 24, 2019 10:28 AM | Report Abuse

pastor calvin,your pick this counter....hahaha

Posted by Philip Greta > Jul 25, 2019 8:32 AM | Report Abuse

Calvin would rather pick Texchem than QL? Oh my gosh.

The funny thing about looking at asset based investing, t the more gruesome the business the cheaper it looks because of overselling. But a badly run business will burn assets and cash faster than you can notice

Posted by chkhooju > Jul 25, 2019 8:59 AM | Report Abuse

No hope. Will definitely stop loss shortly.

Posted by AbhAng Jordan > Jul 25, 2019 11:14 AM | Report Abuse

50 Sen

Posted by i3lurker > Jul 25, 2019 5:36 PM | Report Abuse

delay buying
wait until Texchem can generate profits rather than blame the economy etc etc.

one unlisted restaurant group still generates net profit more than RM1 million a month with just a few outlets. Difference is, they do not use fake chilli sauce sold in drums meant for roadside hawkers use.

Posted by sense maker > Jul 26, 2019 7:05 PM | Report Abuse

When you lose money, you cut cost and get leaner loh. The company is worth rm54m only now and the Japanese boss want to continue spending rm35m a year on capex to expand biz and some more expand losses. This is irresponsible. Besides he Suddenly chucked rm5m loss under other biz without explanation in this quarter. Meanwhile the shareholders’ dividend was sacrificed last year. Aiyoyo. Return to sanity lah, Japanese boss.

Posted by sense maker > Aug 29, 2019 6:35 PM | Report Abuse

Rm49m for the whole company. This Japanese boss has destroyed so much shareholders’ value all the way from rm180m just a few years ago.

Posted by AbhAng Jordan > Aug 30, 2019 9:02 PM | Report Abuse

Buy Buy Buy Rm50m for whole company and change JAPANBOSS to JAMBANBOSS.

Posted by qqq3 > Aug 30, 2019 10:24 PM | Report Abuse

detailed explanation by lurker and Philip

Posted by bluechip > Sep 18, 2019 11:42 AM | Report Abuse

Any Hope tis counter ??
Stuck for Long time with average 0.85

Posted by bluechip > Sep 18, 2019 11:43 AM | Report Abuse

Half gone Edy

Posted by icecreamsoda > Sep 20, 2019 10:48 PM | Report Abuse

They have lost biz direction for a long time.

Posted by andry_ong > Oct 2, 2019 10:11 AM | Report Abuse

company with asset but no soul

Posted by sell > Oct 9, 2019 3:57 PM | Report Abuse

Director even selling.

Posted by lachai2004 > Oct 10, 2019 6:55 PM | Report Abuse

Selling was done by controlling shareholders and the same time the company was buying back to push up the price?

Posted by lachai2004 > Oct 28, 2019 5:07 PM | Report Abuse

The company had cut the losses incurred by Tom Ho Wan and increased the investment in 4 strategic divisions for 2019. The current quarter result shown that the losses had narrowed down.

Due to losses incurred in last 3 years, currently It's share price had plummeted to 0.40 from high of 1.60 which is left with 25% only.

The sales turnover per year is about 1.2billion with 4 divisions contributed almost evenly and with a paid up of 120 millions. Implying that, with small capital doing big business.

Furthermore, the assets were not revalue for many many years! So, if any of next coming quarters that it is able to show some profits, you may miss the golden opportunity for not accumulate now!!

Posted by lachai2004 > Oct 28, 2019 5:11 PM | Report Abuse

Reason for buy: turnaround/ recovery with expansion!

Posted by techlee229 > Oct 30, 2019 5:35 PM | Report Abuse

Texchem Resources Bhd reported a net profit of RM2.42 million for its first quarter ended March 31, 2019 (1QFY19), as it recorded an exceptional income of RM4.54 million versus a net loss of RM2 million in the same quarter last year.

Posted by BN256 > Nov 4, 2019 2:35 PM | Report Abuse

should change all the management and revamp and instil more dynamic talented managers in the group.

Posted by tradeworld > Nov 5, 2019 10:40 AM | Report Abuse

Old management shall resign lah...shame !!!.. these people is stumbling block to the Co. how many years is under performance.

Posted by bluechip > Nov 5, 2019 11:24 AM | Report Abuse

Hope tis year Got dividend

Posted by tradeworld > Nov 5, 2019 1:50 PM | Report Abuse

Old management resign = hope. retrench them and return their pay to pay dividend