Highlights
KLSE: LUXCHEM (5143)       LUXCHEM CORP BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.86   -0.04 (4.44%)  0.84 - 0.90  10,299,900
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  5 people like this.
 
Flash18 Good stock, worth holding!
28/10/2020 9:38 AM
tahong Bro! I used only current 9 months net profit for ease of calculation,
28/10/2020 10:03 AM
mf warning run
28/10/2020 10:05 AM
YJInvest Good morning my fellow investors. Anyone has thoughts on AmInvest TP of RM0.79 for Luxchem? AmInvest recommends Sell. I have come to realise that with banks, when they sell, it is actually a buy call. What do you think? Thanks.
28/10/2020 10:44 AM
Mini Bull Now IB research can't refer
28/10/2020 11:09 AM
Luckup There is no free dinner in the market. Most IB have their own agenda in suggesting buy/sell call.
28/10/2020 11:48 AM
Mikecyc AmInvest Research ups earnings outlook for Luxchem
ANALYST REPORTS
Wednesday, 28 Oct 2020 10:02 AM MYT

KUALA LUMPUR: AmInvestment Research raised its FY20 to FY22F net profit forecasts for Luxchem by 15%, 26% and 26% respectively and raised its fair value by 25% to 79 sen from 63 sen previously.



“This is to reflect the improved trading sentiment towards glove-related stocks (Luxchem is engaged in latex and nitrile processing/compounding) on expectations of a prolonged Covid-19 pandemic. Maintain Sell as valuations are rich,” it said.

AmInvest Research said Luxchem’s 9MFY20 results came in above expectations, accounting for 80% and 79% of its full-year forecasts and fullyear consensus estimates respectively.


It believes the variance against its forecast came largely from much stronger margins underpinned by: (1) a strong recovery in prices of chemical products carried by its trading segment; and (2) better economies of scale at the manufacturing segment, at both latex compounding and production of unsaturated polyester resin (UPR) on increased volumes.
28/10/2020 11:58 AM
Mikecyc Haha written is good in all aspects ... only the price is from 63 sen to 79 sen ..???
28/10/2020 12:00 PM
calvintaneng Posted by calvintaneng > Oct 28, 2020 12:00 PM | Report Abuse X

Cannot trust Aminvest lah

They gave Target Price for lapsap Mahsing at Rm1.50

Aminvest should change Target Price of Rm1.50 from Mahsing to 79 sen (correct)

And change Target Price of 79 sen for Luxchem to Rm1.50 (correct)

Follow Calvin Tan Research as Calvin done all the research already
28/10/2020 12:01 PM
Mikecyc Haha trust calvin whom is promoting Netx more than a year .. until shares consolidation .. shy away ..
28/10/2020 12:09 PM
Mikecyc Just like scomies to Pump n Dump .. then said in PN17 within a month is small small issue .. see the price divide by 5 n recent QR result ..
28/10/2020 12:11 PM
Mikecyc Haha with EPS is greatly decreased from 2 digit to 1 digit .. the Major shareholders whom are holding ard 60 % give bonus issue on 2014 .. then do subdivision 1 to 3 on 2017 .. why they purposely want to dilute the EPS !!!
28/10/2020 12:15 PM
calvintaneng Bonus?

Yes

Luxchem should follow Esceramic to give bonus and free warrants
28/10/2020 12:29 PM
spicyketchup Simple man logic, look at 2015,2016 good profit and then u see chart on trade view 2015,2016 compare to current price. about there dy leh. nowadays share price all priced in dy. zzz.
28/10/2020 1:03 PM
Gaussian Wow raw material price increase so much
28/10/2020 1:41 PM
Mini Bull cash cow, come come come ! Don't lose the boat
28/10/2020 1:46 PM
Woodswater https://klse.i3investor.com/m/blog/gloveharicut/2020-10-26-story-h1535475991-Najib_Facebook_Post_comments_on_GLOVES_What_s_the_message.jsp
28/10/2020 1:59 PM
Woodswater Lux is the safest healthcare related stocks without risk of effected by WINDFALL TAX rumored to b tabled during BUDGET 2021 on 6th Nov 2020 at PArliament by PM Tan Sri M !

Wakakakaka
28/10/2020 2:04 PM
calvintaneng Yes correct

Rumour out there may have glove windfall tax
28/10/2020 2:07 PM
CHLEONG888 Calvin and mikecyc, stop commenting, settle your problems outside this forum please, suggest both of you liaise via whatsapp
28/10/2020 2:54 PM
stockpip Mikecy, people like you where can grow rich ? Bad karma following you for the rest of your pathetic life.
28/10/2020 3:34 PM
Mikecyc Haha rich or not rich .. i am retired a year ago although not reaching retirement age .. can enjuy The Spa as i like when i want .. enjuy eating Butter crab .. haha the con artist in naim ..
28/10/2020 3:51 PM
Mikecyc Ha ha this is open forums to share facts views .. cant afford dont touch .. stockpee ..
28/10/2020 3:52 PM
stockpip Just observe your own life. Need not say more
28/10/2020 4:02 PM
Woodswater Does any sifu know increasing of fresh rubber price affected raw material n theafter glove sectir costing?
29/10/2020 10:18 AM
Woodswater https://www.nationthailand.com/news/30396907?utm_source=homepage&utm_medium=internal_referral
29/10/2020 10:18 AM
calvintaneng All medical gloves companies need Luxchem

Luxchem is now the major distributor of nitrile gloves chemical

Out there no more nitrile gloves chemical left as all fully prebooked and preSOLD
29/10/2020 10:20 PM
Mikecyc The firm said Covid-19 cases in the US had increased beyond expectations.

As a result, it estimated that glove demand had increased in the US, causing further depletion in global stock levels.

>> "Our estimates show that global stock levels could have declined by an additional two per cent to 10.8 billion pieces. This is enough for 15 days of demand (previously 15.2 days) and much lower than the prepandemic 60-day average," it added.

From July 8-12, the number of new cases rose to above 60,000 per day.

As of July 12, the total new cases increased by 367,000 or 24 per cent on a month-to-date basis to 3.27 million.

"As Covid-19 cases remain high in the US, demand for gloves should stay exceptionally strong, given its importance in protecting healthcare workers.

"As the US is the world's biggest glove consumer, its stubbornly high number of cases means that demand for gloves should continue to rise," RHB Research said.

>>>

global stock level 10.8 billion for 15 days demand during Pandemic.

Haha according to nanyang news in July2020 , China has donated 26.0 billion hand gloves n 620 million face mask to US.

-----

10.8 b x 2x12 months = 259.2 billion demand for netx 12 months starting August 2020 .

>> Note : 10.8 b x2 x 12 = 259.2 billion is to meet the Demand contract order for queing 1 year start from August 2020 . It is additional 129.6 billion pieces .

## Hartalega Holdings Bhd executive chairman Kuan Kam Hon said :
Demand of 120 billion more pieces of gloves in the Netx 3 years

> Haha what a coincidentally figure demand 120 billion more pieces in the Netx 3 years , can 259.2 billion pieces being produce in 1 year which included the additional demand qty 129.6 billion .

----

haha lets do a research study on following gloves companies 1 year production capacity on Nitrile gloves only :

a.)Top glove : 50 % nitrile , output 84.1 billion/ year towards end 2020 , and expect change to 60 % nitrile .

84.1 b x 0.6 = 50.46 billion

b.) Hartalega : 95 % nitrile, yearly output 24.5 billion .

24.5 b x 0.95 = 23.28 billion

c.) Supermax: 90 % nitrile, yearly output 27.4 billion.

27.4 b x 0.9 = 24.66 billion


d.) Kossan : 75 % nitrile , yearly output 32.0 billion.

32.0 b x 0.75 = 24.0 billion

>>> Big 4 total nitrile gloves output for 12 months = 50.46 +23.28 + 24.66 + 24 = 122.4 billion.

Others gloves company :

1.) Comfort : 60 % nitrile, yearly output 5.9 billion .

5.9 b x 0.6 = 3.54 billion

2.) YTY : captured 11 % nitrile market since 2011 , estimated 18 % in 2020 :

259.2 b x 0.18 = 46.66 billion

3. Smart Gloves : 95 % nitrile, yearly output 8.2 billion

8.2 b x 0.95 = 7.79 billion.


## Just these 7 glove companies 12 months output ( 1 year ) = 122.4 +3.54 + 46.66 + 7.79 = 180.39 billion .

### 180.39 b / 259.2 b =69.6 % of world nitrile gloves consumption for the netx 12 months from August 2020 .

note : YTY in under Indonesia mother company group.
29/10/2020 11:52 PM
Mikecyc Most synthetic rubber is produced in the United States, Japan, Russia, and the countries of Western Europe.
29/10/2020 11:52 PM
Mikecyc Top Glove thinks big despite slowing growth of glove prices

* CORPORATE NEWS
* Friday, 18 Sep 2020 

PETALING JAYA: The growth rate of average selling prices (ASPs) for gloves is expected to slow in the coming months but that is not going to dissuade Top Glove Holding Bhd from committing RM8bil in capital expenditure for expansion over the next six years.

Top Glove executive chairman Tan Sri Lim Wee Chai (pic) said the ASPs for nitrile gloves is currently US$70 per 1,000 pieces and is expected to increase by 30% in October and 15% in November.


“For November onwards, we expect another 10% increase in ASPs for nitrile gloves, depending on the situation, ” he told reporters after Top Glove’s fourth-quarter result briefings. Nitrile gloves account for 47% of Top Glove’s production.
29/10/2020 11:55 PM
calvintaneng Synthetic rubber for medical nitrile gloves are completely different
29/10/2020 11:55 PM
Mikecyc Haha YTY mother company in Indonesia is selling also but is not Luxchem ..
30/10/2020 12:01 AM
Mikecyc haha there is a some one earlier post that 19 % Luxchem revenue is from Nitrile :


The Editor/ The Edge
October 25, 2009 18:30 pm +0

Luxchem’s trading division is still its largest, accounting for 77% of turnover and 60% of pretax profit for 2Q2009. Around 19% of its trading revenue comes from the sale of synthetic latex (nitrile) to companies like Kossan Rubber, Hartalega, Top Glove, Supermax, Riverstone and Latexx. Another 4% is derived from the sale of latex chemicals such as coagulants and dusting powder (cornstarch).Luxchem, which sources its nitrile from Zeon Chemicals of Japan, has a market share of around 20%. Around 90% of the nitrile is used in the rubber glove industry.

>> 19 % of its trading revenue comes from sales of Nitrile is of year 2009 .

>>> A search at its website, brands products is not included Nitrile, is not applicable anymore.
30/10/2020 12:07 AM
Mikecyc Update on the progress of its manufacturing arms: i) Luxchem Polymer Industries (LPI) in the unsaturated polyester resin (UPR) industry: Competition is still a main concern for this industry, with utilisation rates still unchanged at around 70% of LPI’s 40,000 tonnes per annum capacity; and

ii) Transform Master Sdn Bhd (TMSB) in the latex industry: The production is operating at nearly full utilisation rate with capacity remaining at 13,800 tonnes per annum

Unsaturated polyester resins are mainly used in the production of fiber reinforced plastics and filled plastic products, including sanitary-ware, tanks, pipes, gratings, and high performance components for the marine and transportation industry such as closure and body panels, fenders, boat hulls/ decks and other large ..
30/10/2020 12:08 AM
Mikecyc 2019 Revenue : USD 10.8 billion ...


YTY Group Kuala Lumpur, Malaysia $10.8 billion - include mother company group revenue.
30/10/2020 12:15 AM
Mikecyc Table 2 – Top Global Manufacturers and Producers of Nitrile Gloves based on Industry Research’s 2019 Global Market research report
Note – Annual revenue values derived from company websites and annual financial reports.
Company Name Location Estimated Annual Revenue

AMMEX Kent, Washington, USA Privately held

Ansell Richmond, Australia $1.499 billion

Aurelia Gloves Aurora, IL, USA Privately held

Barber Healthcare Leyburn, United Kingdom Privately held

Comfort Rubber Gloves Industries Perak, Malaysia $109.8 million

Dynarex Orangeburg, NY, USA Privately held

Hartalega Holdings Kuala Lumpur, Malaysia $655 million

Illinois Glove Northbrook, IL, USA Privately held

Kimberly-Clark Irving, TX $18.45 billion

Kossan Rubber Selangor, Malaysia $492 million

Medicom Montreal, Canada Privately held

Renco Corporation Manchester, MA Privately held

Riverstone Selangor, Malaysia $211.8 million

Rubberex Perak, Malaysia $47.6 million

Semperit Vienna, Austria $925 million

Sempermed North Clearwater, FL, USA $925 million

Synthomer Essex, United Kingdom $1.81 billion

Tan Sin Lian Johor, Malaysia Privately held

Top Glove Shah Alam, Malaysia $1.1 billion

United Glove Newton, NC, USA Privately held

VWR Radnor, PA, USA $1.52 billion

YTY Group Kuala Lumpur, Malaysia $10.8 billion - include mother company group revenue.

Shandong Yuyuan Shandong, China Privately held

Zhangjiagang Dayu Jiangsu, China Privately held
30/10/2020 12:17 AM
calvintaneng Latest update for Luxchem

It has increased nitrile chemical to 35 per cent

As of mid 2021 ASP has doubled. Just like medical gloves and luxchem does not need to produce extra nitrile glove chemical to increase profit. It can just keep raising prices to increase profits exponentially

This is the reason why even with less revenue the profit of Luxchem has increased

No wonder that its cash hoard has gone up to Rm130 millions
It is possible that Luxchem follows es ceramic by giving out free bonus and warrant later
30/10/2020 6:05 AM
Mikecyc Haha twisting ke .. is Latex ... not Nitrile Latex ( Synthetic Rubber ) ..
30/10/2020 7:33 AM
Mikecyc ii) Transform Master Sdn Bhd (TMSB) in the latex industry: The production is operating at nearly full utilisation rate with capacity remaining at 13,800 tonnes per annum
30/10/2020 7:34 AM
Mikecyc haha as from the 7 Glove companies posted earlier .. higher % in Nitrile Gloves ..
30/10/2020 7:37 AM
Mikecyc EPS DPS NTA Revenue P/L Quarter Q Date Financial Year Announced Net% Report
1.59 0.000 0.3600 191,260k 14,204k 3 2020-09-30 31 Dec, 2020 2020-10-27 65.5% View
0.85 1.000 0.3500 140,292k 7,569k 2 2020-06-30 31 Dec, 2020 2020-07-29 23.5% View
1.11 0.000 0.3500 174,481k 9,986k 1 2020-03-31 31 Dec, 2020 2020-06-12 4% View
1.09 1.250 0.3400 187,155k 9,569k 4 2019-12-31 31 Dec, 2019 2020-02-17 11.6% View
0.96 0.000 0.3300 187,488k 8,583k 3 2019-09-30 31 Dec, 2019 2019-10-24 12.8% View
1.13 1.000 0.3400 188,388k 9,893k 2 2019-06-30
30/10/2020 7:40 AM
Mikecyc EPS is increased from 1.13 on FY19 Q2 to 1.59 on FY20 Q3 ended September ..
30/10/2020 7:43 AM
CHLEONG888 Calvin had made havoc in NETX forum, my personal opinion, Luxchem is a good counter to invest
30/10/2020 7:44 AM
NEWHAND Calvin wants to sell high , Mikecyc wants to buy low , in the end the price go side way , in conclusion if both of them tweeting the same stock , don buy
30/10/2020 9:40 AM
melissatmf If really good then pls reflect in the share price. What is the use of having a very nice branded car but cant drive at all to ur destination
30/10/2020 2:00 PM
mf Dow futures fall 400 points as Apple and Amazon shares decline after earnings
30/10/2020 2:02 PM
ranger2410 go down further luxchem...yes you can do it
30/10/2020 3:17 PM
jolow next week 60 cent
30/10/2020 3:22 PM
Gaussian Butadiene price is USD 1380 as of Oct 26
30/10/2020 6:34 PM
Mini Bull Luxchem benefit from both, hidden gem. Latex and nitrile gloves are in high demand
31/10/2020 12:45 AM


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