Highlights
KLSE: CCM (2879)       CHEMICAL CO OF MALAYSIA BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
1.90   +0.08 (4.40%)  1.80 - 1.95  1,938,100
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Overview

Market Cap: 319 Million
NOSH: 168 Million
Avg Volume (4 weeks):2,435,680
4 Weeks Range:1.19 - 1.95
4 Weeks Price Volatility (%):
93.42%
52 Weeks Range:0.59 - 1.95
52 Weeks Price Volatility (%):
96.32%
Average Price Target: 1.34
Price Target Upside/Downside: -0.56
Stamp duty exempted for year 2020

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2020 [#2]  |  24-Aug-2020
Next QR | Est. Ann. Date: 30-Sep-2020  |  20-Nov-2020
T4Q P/E | EY: 43.50  |  2.30%
T4Q DY | Payout %: 2.63%  |  114.48%
T4Q NAPS | P/NAPS: 1.89  |  1.01
T4Q NP Margin | ROE: 1.99%  |  2.31%

Headlines

Date Subject
22-Oct-2020 马化工迈向RM1.93/敏源
15-Oct-2020 国投拟售马化学?首轮竞标周五进行
15-Oct-2020 PNB is said to mull sale of chemical company of Malaysia stake
07-Oct-2020 Trading Stocks - Chemical Co Of Malaysia
22-Sep-2020 Daily Technical Highlight - (BSTEAD, CCM)
14-Sep-2020 三管齐下加强业务‧马化学展望谨慎乐观
26-Aug-2020 Chemical Company of Malaysia - Higher Caustic Volumes to Offset Weak ASP
25-Aug-2020 Chemical Company of Malaysia - Weak Chemical Segment Remains a Drag
25-Aug-2020 Chemical Company of Malaysia - Weak Chemical Segment Remains A Drag
25-Aug-2020 Daily Market Update - 25 Aug 2020 (CCM, ACO)
06-Aug-2020 Chemical Company of Malaysia - Not A Laggard Of The Glove Rally
30-Jul-2020 Daily Market Update - 30 Jul 2020 (GDEX, CCM)
21-Jul-2020 Oil & Gas - Subdued Capex Despite Expected Recovery
01-Jun-2020 Trading Stocks - Chemical Company of Malaysia
21-May-2020 Mplus Market Pulse - 21 May 2020
21-May-2020 Chemical Company of Malaysia - Starting Slightly Below
15-May-2020 PublicInvest Research Headlines - 15 May 2020
27-Apr-2020 Trading Stocks - Chemical Company of Malaysia
25-Apr-2020 热门股:马化工上挑RM1.15
22-Apr-2020 CCM 手套原料需求增加受益的公司

Business Background

Chemical Co of Malaysia Bhd is a Malaysia based investment holding company. Through its subsidiaries, the firm is primarily engaged in the manufacturing of pharmaceuticals, chemicals, and polymers. The operating segments of the group are Pharmaceuticals, Chemicals, and Polymers. It generates a majority of revenue from the Pharmaceuticals segment, which includes manufacturing and marketing of pharmaceutical and healthcare products. The group operates in Malaysia, Indonesia, Singapore and other countries.
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  3 people like this.
 
kelvin17 wa good la if they can find a buyer at 2.60 , may be glove co interested
16/10/2020 3:32 PM
cinapeh hextar interested
16/10/2020 4:28 PM
kelvin17 wa look like 2.60 is not a dream come true ..with the glove demand and the chemical supplier is definately a good investment ..lets see next week
16/10/2020 4:52 PM
Hush77 CCM supplies a range of checmicals to the gloves manufacturers and it is building a big facility in pengerang johor to cater for that

https://www.ccmberhad.com/polymers-product-range.php
16/10/2020 5:12 PM
Hush77 hopefully buyer can give a good price and good general offer ...after that they can replace those poor mgmt team and take this company to the next level..
16/10/2020 5:38 PM
Hush77 NTA = $1.89.. so the price should not be lower than that...

in fact some of the glove manufacturer which has become so big, can also easily buy over CCM...
then their chemical supply will be at optimum level and they can supply to their competitors :)
16/10/2020 5:58 PM
shteoh1 @Bullrun18 means next week will go down? Price up today was due to this news?
16/10/2020 11:30 PM
Hush77 this usually means it is still not yet confirm.. but once it is confirm, then price fly up lo...
17/10/2020 12:15 AM
kelvin17 notice the announcement PNB never denial it but didnt want to comment on rumour as the BOD were not aware
17/10/2020 9:22 AM
Hush77 good target for any giant glove company to buyover...

https://www.ccmberhad.com/rubber-chemicals-business.php

We are a major producer of calcium nitrate, made by dissolving calcium carbonate (limestone) in nitric acid. Our manufacturing plant in Shah Alam is ISO 9001:2008 certified for the manufacture & sale of calcium nitrate, ensuring ever-progressing standards of quality.

Calcium nitrate is an important component of rubber glove manufacturing as it is used for latex coagulation (from liquid to solid state). CCM Chemicals plans to grow the liquid calcium nitrate business by offering competitively priced product and value-added technical after-sales services particularly to the rubber glove industry.
17/10/2020 10:53 AM
ilovekl The price kinda solid today n probably it’s real? Well someone probably accidentally leak the news out?
19/10/2020 9:45 AM
Hush77 usually when it is from bloomberg, it should be more or less..
perhaps there is a deal going on..but not yet confirm,,,
need to wait to see what price the buyer bid or offer pnb...
then they will need to give general offer to rest of the shareholder...
base on NTA = $1.89.. but usually buyer will need to come up with higher price..
19/10/2020 9:56 AM
ilovekl Let’s hope it is 1.5 times of NTA. Haha
19/10/2020 10:00 AM
angsp slowly clim up
19/10/2020 11:00 AM
angsp so power?
19/10/2020 11:11 AM
Hush77 now still trading below NTA of $1.89..
19/10/2020 11:55 AM
Hush77 if it is then good...bullrun18..


Bullrun18 Heard take over price 2.60 .....
19/10/2020 11:08 AM
19/10/2020 1:56 PM
kelvin17 with the current situation in glove industry at 2.60 is still very cheap, potential buyer can make alots of money from this industry . we just need to hold on n hope for the best ...
19/10/2020 2:21 PM
Hush77 yes, their polymer division is doing very well, due to demand from glove sector.. :)

https://www.ccmberhad.com/polymers-product-range.php
19/10/2020 2:27 PM
gg_gal why up so much one today.
21/10/2020 9:49 AM
fruitcake The Board of Directors of Chemical Company of Malaysia Berhad (“CCMB”), after having made due enquiry with its major shareholder, Permodalan Nasional Berhad (“PNB”), has been informed by PNB that as per its reply to a Bloomberg enquiry and as a matter of policy, it does not comment on market rumours or speculation. Apart from the above, the Board of Directors of CCMB has no further knowledge on the matter................you believe what they said?
21/10/2020 10:05 AM
youtalktoomuch haha...there is no reason the stock diam diam up behind. nobody realize now
21/10/2020 10:09 AM
gg_gal means....
21/10/2020 10:15 AM
youtalktoomuch https://www.insage.com.my/Upload/Docs/CCM/CCM%20Corporate%20Overview_v2.pdf#view=Full this shared before above . maybe can take some times to read and check any hints for you.
21/10/2020 10:19 AM
21/10/2020 10:49 AM
Hush77 now just wait for the buyer offer price to PNB then the general offer to rest of the shareholder..
the NTA is 1.89.. so logically the offer should be higher than that
21/10/2020 11:07 AM
gg_gal how you know PNB offer to sell? got any news?
21/10/2020 11:22 AM
Hush77 source: bloomberg
21/10/2020 11:48 AM
fruitcake BROKE 1.80. pergi holland
21/10/2020 12:25 PM
Hush77 The NTA 1.89.. if below 1.80 who want to sell? :)
21/10/2020 12:51 PM
sonichead Current price of RM1.80 means their market cap is only RM302mil, too cheap for any acquirer to acquire this company because if we look at its peer, Luxchem, its market cap is RM824mil!! And if im not mistaken, CCM is much bigger than luxchem in terms of capacity..
21/10/2020 10:33 PM
Hush77 according to bloomberg the first round of bidding close last friday.. hopefully got a good offer for PNB, and rest of the shareholders
22/10/2020 11:00 AM
fruitcake we are in holland land
22/10/2020 11:34 AM
gg_gal haha why say that. you buy at 1.9 ah ?
22/10/2020 11:43 AM
fruitcake LAILO. sold too early. now really in holland
22/10/2020 2:35 PM
Seeyounoup buy back now. to cover the lost .
22/10/2020 3:28 PM
fruitcake belly good advice
22/10/2020 3:54 PM
Seeyounoup either u siam , or u average down , or stay penthouse. not a doom day . LOL
22/10/2020 4:12 PM
Hush77 just wait for the offer...which should know real soon...
usually bloomberg source is very reliable....
moreover their NTA is 1.89.. offer should be higher than that at least..for PNB to sell..
22/10/2020 4:19 PM
Seeyounoup maybe 2.5
22/10/2020 6:19 PM
tmore1 heard > 2.50. possibly by month end
23/10/2020 4:21 PM
ilovekl Abah just declared emergency.... don’t go chasing waterfall
23/10/2020 5:04 PM
Hush77 wait for the general offer.. which should be soon.
dont contra or if u cant pickup, dont buy...those with holding power only... :)
23/10/2020 5:19 PM
mangkal1 Not much activity today compare to last week and the week before.
26/10/2020 5:10 PM
Seeyounoup nice
27/10/2020 10:35 AM
jlong23 Net Assets of 1.89 per share as of latest quarter report. Would expect PNB to accept offer price no less than RM1.89 per share from the buyer. Buyer required to offer GO so to keep the listing status, market price would rally past the offer price to fail the GO.

Plus, CCM's products used by glove co so it would not surprise me if the big glove co bid for CCM from PNB. Imagine if a few of the top glove co bid for CCM, RM2.50 to 2.60 possible.
27/10/2020 11:06 AM
Bullrun18 Very funny this stock somebody want the price go up someone want the price go below NTA price , the only thing can explain is market player want the price go up and the buyer of this company want the price go down below NTA ,most of the buyer of this company very scare if price go up too fast and too much they need to pay more for take over this company .....hehe .......
27/10/2020 6:24 PM
mangkal1 How long usually GO takes? Days, weeks, months?
27/10/2020 6:30 PM
tmore1 that is exactly right bullrun. Meaning there is an opportunity for us now to accumulate. When the news is official and likely to, the share price will shoot up to the offer price and there will be no time to buy......
27/10/2020 6:34 PM
Bullrun18 Since the tender open to submitted start on 16th oct the announcement will come out any time......
27/10/2020 9:32 PM


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