Highlights
KLSE: TEXCHEM (8702)       TEXCHEM RESOURCES BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.86   -0.015 (1.71%)  0.86 - 0.86  61,200
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General Meeting

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Ann. Date Date Time Type Venue View
23-Apr-2021 27-May-2021 10:30 General Broadcast Venue at Boardroom Level 18, Menara Boustead Penang 39 Jalan Sultan Ahmad Shah 10050 Penang Meeting Detail
22-May-2020 25-Jun-2020 14:00 General Broadcast Venue at Boardroom Level 18, Menara Boustead Penang 39 Jalan Sultan Ahmad Shah 10050 Penang Meeting Detail
22-Mar-2019 23-Apr-2019 11:00 AGM Pinang Ballroom, Level 3, Jen Hotel, Magazine Road, 10300 Penang Meeting Detail
23-Mar-2018 24-Apr-2018 11:00 AGM Pinang Ballroom, Level 3, Jen Hotel, Magazine Road, 10300 Penang Meeting Detail
04-Apr-2017 25-Apr-2017 11:00 AGM Pinang Ballroom, Level 3, Jen Hotel, Magazine Road, 10300 Penang Meeting Detail
09-Nov-2016 25-Nov-2016 10:00 EGM Pinang Ballroom, Level 3, Jen Hotel, Magazine Road, 10300 Penang Meeting Detail
31-Mar-2016 25-Apr-2016 11:00 AGM Pinang Ballroom, Level 3, Jen Hotel, Magazine Road, 10300 Penang Meeting Detail
07-Apr-2015 30-Apr-2015 11:00 AGM Pinang Ballroom, Level 3, Jen Hotel, Magazine Road, 10300 Penang Meeting Detail
28-Jan-2015 17-Feb-2015 10:00 EGM Langkawi Room, Level 3, Jen Hotel, Magazine Road, 10300 Penang Meeting Detail
07-Apr-2014 30-Apr-2014 10:30 AGM Pinang Ballroom, Level 3, Traders Hotel, Magazine Road, 10300 Penang Meeting Detail
25-Apr-2013 28-May-2013 10:30 AGM Pinang Ballroom, Level 3, Traders Hotel, Magazine Road, 10300 Penang Meeting Detail
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  5 people like this.
 
AllYouCanBuy Texchem has shaken off panic sellers. Time to accumulate.
12/05/2021 9:16 AM
AllYouCanBuy TP1. 50...hold until September.
12/05/2021 9:16 AM
Albukhary Keep accumulate
12/05/2021 3:32 PM
happymiso Cheap
12/05/2021 4:26 PM
AllYouCanBuy Texchem has had near20% correction since the announcement of MCO 3.0.
20/05/2021 7:38 PM
i3lurker with full operations and no MCO the fair price is 55 sen.

anything higher is just pure Goreng in action
20/05/2021 7:43 PM
Cockroach Paul Lee 0.55 accumulate 1m shares, can become top20 shares holders. Rm550k only. Worth it.
20/05/2021 8:28 PM
i3lurker chemical trading nothing special you or anybody can do it also.
money can get license

sushi 8.00 per plate competitor only 3.88
20/05/2021 8:32 PM
Cockroach Paul Lee Oh , anyone can do it?
U mean anyone can fly! Just like AirAsia , your favourite. Haha
20/05/2021 8:42 PM
AllYouCanBuy There will not be full mco like mco1. 0. The government will be under pressure to give stimulus again. There will be enforced and upgraded SOPs.
21/05/2021 8:45 AM
Cockroach Paul Lee Anyone attend AGM texchem? Got any news to share ?
27/05/2021 3:59 PM
Xxxting r u guys still holding texchem?
30/05/2021 1:36 AM
Albukhary 感觉市场开始慢慢回来了。
希望这一两个月大家持有的股票慢慢涨上来。
只要你觉的这是个好公司,就继续持有吧。
套句冷眼的名句:-
有成长,不要卖。
成长长,长持有。
加油。
03/06/2021 12:41 AM
Investformilkmoney Texchem no dividend date?
05/06/2021 10:49 AM
Albukhary Texchem normally not given dividend, because its debt level is high. So it need cash to pare down its debt.

We buy Texchem for few reason :-

1) Share price is 50% of its NTA
2) Market cap now is RM118mil, PAT is around RM30-40mil.
3) Market cap is RM118mil, quarter revenue is RM260mil, annual revenue is RM1bil.
For a company that doing RM1bil business, the market capital only RM118mil, it is very very undervalue.
4) Chemical business - we foresee chemical industry will be doing very well this two year (i.e. PCHEM, LCTITAN, HEXTAR, LUXCHEM, NYLEX, ANCOM...etc), all Chemical business are doing very well, including Texchem. And Texchem is the cheapest among them.
5) Bonus issue, based on current reserve, the company can anytime announce 1:2 bonus issue.
if company continue to earn more profit for the next 3-4 quarter, then it can announced 1:1 bonus issue.
05/06/2021 6:28 PM
Investformilkmoney @Albukhary thanks for the explanation. I was thinking of sushi king's business during MCO. Try to buy some share. I just join share market this week.
05/06/2021 9:34 PM
Xxxting texchem ahhh texchemmm plss movee
08/06/2021 7:52 PM
AllYouCanBuy My agent advised to hold tight tight until the next qr.
09/06/2021 4:39 PM
Albukhary Yup, must hold tight tight... Once the engine start again, you will see it at RM2.00 d
10/06/2021 1:13 AM
Investformilkmoney Seems many counter to hold tight tight like Texchem.
11/06/2021 12:09 PM
yuhang99 MCO is good for texchem
12/06/2021 4:36 PM
12/06/2021 10:47 PM
Albukhary Accumulated some at this price level..
If can drop below 90sen level, then will collect more
21/06/2021 11:59 AM
Cockroach Paul Lee 努力 ,加油 ,撑过去。。。
22/06/2021 2:34 AM
Xxxting its keep dropping deeper n deeper. hopefully the coming qtr will be good enuf or else again drop
12/07/2021 7:08 AM
Xxxting ady drop 40% from high
12/07/2021 7:08 AM
happymiso Cheap
12/07/2021 8:59 PM
Xxxting if next quarter result not good . this counter will laosai again...me stuck at high wonder cutloss anot
13/07/2021 9:38 AM
Albukhary So sad to see my favourite Texchem drop everyday.
Hope the dark will end soon.
I like Texchem because it is really undervalue, and I like chemical industries as I believe they will be continue growth for coming few years. That is why LUXCHEM, HEXTAR, SAMCHEM all focus on expansion, merger & acquisition recently.
14/07/2021 12:44 AM
Xxxting albukhary did u still holding? or
14/07/2021 4:20 AM
Albukhary Hi Xxxting... Yes, I am still holding Texchem, holding more n more.
My target very simple, now market cap is RM109mil.
Just the sush king franchise is worth RM100-200 mil minimum.
The industrial chemical business easily another RM100-150mil minimum.
Plus some other business, property, land, another RM50-100mil minimum

So, my minimum target is RM2.00.
23/07/2021 2:10 PM
happymiso Seem no block. Easily fly anytime soon.
23/07/2021 6:25 PM
Albukhary Result out, a bit disappointed, but expected as MCO 3.0 really affect Sushi King a lot.
Beside that, Q2 normally is the weakest quarter for Texchem (even before covid-19 pandemic),because of the 1 month Puasa did affect Sushi King a lot.

Fortunately, the Polymer and Industrial Chemical business is still doing well, this two segment minimum can generate RM20mil per annum. If based on recently M&A transaction in the chemical industry, the PE should be around 12 times. So this two segment worth at least RM240mil, while the company current market capital is RM100mil only.
27/07/2021 8:21 PM
happymiso Hidden gem. Though mco will make business big losses but unexpected stil can remain gain. The other 2 sector demand increase lot, after MCO lifted, sushi king result should be back.
28/07/2021 6:08 PM
warrantKing Yup , now sushi king can dine in alrdy , with 2 dose vaccinated.
Hopefully this sushiking no longer loss money . (Dun earn nvm, others sector like manufacturing / polymer ) sector will enough to give good profit
07/09/2021 11:50 AM
happymiso Seem no hope d. Gg. Cut
16/09/2021 10:06 PM
Cockroach Paul Lee ALL NEW JAPANESE FRIED CHICKEN !
And BONANZA RM3 …support support
24/09/2021 12:29 AM
Cockroach Paul Lee 每个月都买一点 ,坚持才是世上最难的事。
06/10/2021 10:29 PM
Albukhary Engine start.
1st TP - RM0.90
2nd TP - RM1.10
3rd TP - RM1.30
13/10/2021 12:49 AM
stockraider Go for it loh!

Turnaround & Recovery play loh!
13/10/2021 8:29 AM
tomanhead Ha ha ha ha ha … all the way to the bank
13/10/2021 10:23 AM
thesteward Can go makan at sushi king liao dining
13/10/2021 10:24 AM
thesteward If break 88 hopefully spike
13/10/2021 10:25 AM
Xxxting albukhary sir may i know whats ur avg price?? im curious bout it
13/10/2021 10:30 AM
Albukhary TP 1 hitted
13/10/2021 10:40 AM
Albukhary My average cost below 70sen, I hold very long term 1, I can hold 3-5 years 1.
13/10/2021 10:41 AM
Albukhary Sushi King business is very good.
Chemical business also very good.
LifeScience business also very good.
Myammar fisheries business back to normal.
Property is at strategic location.
Property market value is much much higher than book value.
NTA RM2.00
124mil share only.
Market cap RM111mil.
Last time Chicken Rice Shop sold to Japanese buyer for RM200mil.
Don't you think Sushi King will worth at least RM300mil.

You judge yourself.
13/10/2021 1:59 PM
tomanhead One day show ???
14/10/2021 10:33 AM
Albukhary More to come, please see my target price.
Stage by stage
18/10/2021 12:25 AM
veritas Who is the head of Sushi King operations ?
23/10/2021 8:33 AM


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