THE INVESTMENT APPROACH OF CALVIN TAN
LUXCHEM VERSUS COMFORT GLOVES, RUBBEREX, TOP GLOVE, HARTA, SUPERMAX (Compare & contrast) Calvin Tan Research
calvintaneng
Publish date: Fri, 17 Apr 2020, 02:34 PM
calvintaneng
0 1,799
Hi Guys,
I have An Investment Approach I which I would like to all.
I have An Investment Approach I which I would like to all.
Hi guys,
Looks like Malaysia Gloves Companies are in bull phase due to world wide demand for Gloves due to coronavirus
Much have been written about Comfort Gloves, Rubberex, Top Gloves, Hartalega & Supermax.
One hidden gem is LUXCHEM (5143)
Why?
Answer: BECAUSE LUXCHEM IS A PROXY TO ALL GLOVE COMPANIES IN MALAYSIA AS IT SUPPLIES BOTH LATEX RESIN & NITRILE RESIN TO GLOVE COMPANIES
So if Glove production increases there will be a corresponding increase for Latex resin & Nitrile resin
And LUXCHEM stands to gain as all Glove Companies are all collectively firing up their production
Let's look at their respective reports
1) COMFORT GLOVE
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
31 Oct 2019
|
31 Oct 2018
|
31 Oct 2019
|
31 Oct 2018
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
134,501
|
126,950
|
372,093
|
343,344
|
| 2 | Profit/(loss) before tax |
9,361
|
10,039
|
28,327
|
25,069
|
| 3 | Profit/(loss) for the period |
7,413
|
7,068
|
22,940
|
18,509
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
7,413
|
7,068
|
22,940
|
18,509
|
| 5 | Basic earnings/(loss) per share (Subunit) |
1.30
|
1.26
|
4.01
|
3.29
|
| 6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
0.00
|
0.00
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
0.5200
|
0.4900
|
||
2. RUBBEREX
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
31 Dec 2019
|
31 Dec 2018
|
31 Dec 2019
|
31 Dec 2018
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
54,635
|
39,516
|
222,965
|
205,235
|
| 2 | Profit/(loss) before tax |
6,788
|
4,073
|
15,744
|
10,141
|
| 3 | Profit/(loss) for the period |
3,883
|
3,685
|
11,353
|
8,685
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
3,883
|
3,685
|
11,353
|
8,685
|
| 5 | Basic earnings/(loss) per share (Subunit) |
1.54
|
1.46
|
4.50
|
3.44
|
| 6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
1.00
|
1.75
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
0.8100
|
0.8500
|
||
Definition of Subunit:
In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:
3. TOP GLOVE
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
30 Nov 2019
|
30 Nov 2018
|
30 Nov 2019
|
30 Nov 2018
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
1,209,100
|
1,261,965
|
1,209,100
|
1,261,965
|
| 2 | Profit/(loss) before tax |
125,452
|
141,879
|
125,452
|
141,879
|
| 3 | Profit/(loss) for the period |
111,757
|
111,671
|
111,757
|
111,671
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
111,426
|
110,055
|
111,426
|
110,055
|
| 5 | Basic earnings/(loss) per share (Subunit) |
4.36
|
4.31
|
4.36
|
4.31
|
| 6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
0.00
|
0.00
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
1.0100
|
1.0000
|
||
4. HARTALEGA
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
31 Dec 2019
|
31 Dec 2018
|
31 Dec 2019
|
31 Dec 2018
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
796,550
|
723,393
|
2,146,075
|
2,143,990
|
| 2 | Profit/(loss) before tax |
159,697
|
150,001
|
418,678
|
438,186
|
| 3 | Profit/(loss) for the period |
121,661
|
119,335
|
320,121
|
364,804
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
121,273
|
119,755
|
319,203
|
364,844
|
| 5 | Basic earnings/(loss) per share (Subunit) |
3.60
|
3.60
|
9.49
|
10.97
|
| 6 | Proposed/Declared dividend per share (Subunit) |
1.80
|
2.20
|
5.50
|
6.60
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
0.7300
|
0.6700
|
||
5. SUPERMAX
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
31 Dec 2019
|
31 Dec 2018
|
31 Dec 2019
|
31 Dec 2018
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
385,497
|
385,101
|
755,438
|
752,153
|
| 2 | Profit/(loss) before tax |
41,829
|
54,317
|
74,272
|
106,993
|
| 3 | Profit/(loss) for the period |
30,022
|
38,721
|
54,982
|
74,690
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
30,165
|
38,136
|
54,912
|
74,078
|
| 5 | Basic earnings/(loss) per share (Subunit) |
2.31
|
2.91
|
4.21
|
5.65
|
| 6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
1.50
|
0.00
|
1.50
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
0.8600
|
|||
6. LUXCHEM (PROXY TO ALL 5 OF ABOVE AS IT SUPPLIES BOTH LATEX RESIN & NITRILE RESIN TO THEM)
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
31 Dec 2019
|
31 Dec 2018
|
31 Dec 2019
|
31 Dec 2018
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
187,155
|
206,246
|
765,480
|
814,086
|
| 2 | Profit/(loss) before tax |
12,757
|
11,189
|
50,122
|
49,880
|
| 3 | Profit/(loss) for the period |
9,418
|
8,475
|
36,956
|
37,378
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
9,569
|
8,576
|
37,645
|
37,788
|
| 5 | Basic earnings/(loss) per share (Subunit) |
1.09
|
1.00
|
4.27
|
4.42
|
| 6 | Proposed/Declared dividend per share (Subunit) |
1.25(Good dividend)
|
1.25
|
2.25
|
2.25
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
0.3400
|
0.3300
|
||
OK FROM THE CLOSING PRICES AS AT 2PM 17th April 2020
1) Comfort Glove Rm1.01
1.3 sen profit qtr (4 qtr = 1.3 x 4 = 5.2 sen)
Hmmm? P/E = Rm1.01 divides by 5.2 = 19.42 (Real time)
2) Rubberex Rm1.09
1.54 sen profit (4 x 1.54 = 6.16)
P/E 17.69
3) Top Glove Rm6.84
4.36 (4.36x 4 = 17.44)
P/E = 39.22
4) Hartalega Rm7.75
3.6 (3.6 x 4 = 14.4)
P/E = 53.8
5) Supermax Rm1.97
2.31 (2.31 x4 = 9.24)
P/E = 21.3
NOW LOOK AT LUXCHEM
Price 47.5 sen
1 qtr 1.09 (1.09 x 4 = 4.36)
P/E = 10.89
THAT MEANS THAT IF EVERYTHING GOES AS NORMAL LUXCHEM WILL DOUBLE IN PRICE BY 10.9 YEARS
HARTALEGA WITH P/E 53.8 WILL ONLY DOUBLE YOUR MONEY IN 53.8 YEARS
FROM HERE WE SEE HARTA IS OVERVALUED BY VIRTUE OF IT BEING THE MOST POPULAR
AND LUXCHEM BY VIRTUE OF ITS BEING UNKNOWN TO MOST HAS THE BEST VALUE
OK IF LUXCHEM IS UNDERVALUE THEN WHAT WILL BE ITS TRUE VALUE?
FOR THAT WE TAKE THE LAW OF AVERAGE P/E BY ADDING ALL 5 GLOVES & DIVIDES THEM BY 5
So
Comfort 19.42 (Note Comfort should have an edge due to its mostly examination gloves as opposed to rubberex industrial gloves)
Rubberex 17.69
Top Glove 39.22
Harta 53.8
Supermax 21.3 (Calvin's favourite)
All 5 = 151.43
After division = 30.28 (P/E)
Now what if LUXCHEM's P/E adjusted to 30.28 WHAT WILL BE ITS FAIR SHARE PRICE BE?
The formula is
30.28/ 10.89 X 47.5 sen
= Rm1.32
IS LUXCHEM WORTH RM1.32?
Of course Luxchem is not primarily into chemical for gloves (although its Melaka factory (extra 35% capacity) Perak (Extra 20% capacity ) can scale production to MEET ADDITIONAL DEMAND)
Let's give a 30% discount
Rm1.32 x .7 = 92.4 sen
92.4 SEN? IS IT?
YES VERY POSSIBLE
Best Regards
Calvin Tan Research
Please buy/sell after doing your own due diligence. In doubt consult your remisier/fund manager
One more reminder
If you own NETX (Calvin is in Top 30 Holders) please don't sell Netx for LUXCHEM
NETX WILL BE OUR SUPERSTAR IN NFCP BULL RUN
Gloves now in Bull run for 6 months to 2 years possible
NFCP BULL RUN WILL BE A 5 YEAR MARATHON
Happy investing
Additional comment from feedback
From supermax forum
Targeted Luxchem margins are rather slim
17/04/2020 2:59 PM
Calvin replies:
Luxchem feed stock were Crude Oil & Rubber Latex
Now crude oil has fallen by more than 50%. Rubber too is now at historical low
With cost of feed stock production dropped by 50% t0 60% LLuxchem profits will explode upward
Targeted Luxchem margins are rather slim
17/04/2020 2:59 PM
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Discussions
Be the first to like this. Showing 37 of 37 comments
Philip ( Random Walk Theorist)
Back again? You forgot NETX so fast? No more articles to promote NETX?
2020-04-18 07:17
Philip ( Random Walk Theorist)
Again this is the stupidest thinking ever. Earnings and revenue growth is never locked in stone. Harta and topglove have high pe because they have been able to DOUBLE their earnings growth in 10 years, compete internationally and fulfill 25% of world market.
As for Calvin silly claims, my investment in topglove has returned 10x over the 10 years I held them. Even using 2019 recorded results, my investment in super high pe topglove has returned ample results.
https://klse.i3investor.com/servlets/pfs/120720.jsp#tabs_group2
As you can see, since last year to this year I have earned 24% on old topglove not including dividends.
As for fake pastor Calvin,
His stock pick service returns in 2019 ( too many losers to count)
https://klse.i3investor.com/servlets/pfs/123029.jsp
His stock pick service in 2020 (6 losers, 4 winners)
https://klse.i3investor.com/servlets/pfs/131750.jsp
His investment philosophy is a flawed one, and his stock returns are dubious.
But this concept of doubling money in 53.8 years is simply stupid.
Using this concept, if you invested in Apple and Amazon weekend their growth was exponential, using this thinking you would have "doubled" your money in 300 years.
Wow! Then the question is, why would anyone still be holding pe50 QL, pe46 topglove, pe40 yinson? Why would the combined MARKET CAPITALIZATION OF THESE THREE COMPANIES ADD UP TO 36 BILLION RINGGIT?
WOW SO MANY IDIOTS OUT THERE? WHY DO WE AVOID COMPANIES LIKE NETX AND LUXCHEM AND PUT OUR MONEY THERE INSTEAD?
Think. Think m think.
>>>>>
THAT MEANS THAT IF EVERYTHING GOES AS NORMAL LUXCHEM WILL DOUBLE IN PRICE BY 10.9 YEARS
HARTALEGA WITH P/E 53.8 WILL ONLY DOUBLE YOUR MONEY IN 53.8 YEARS
2020-04-18 07:42
Stop boasting start selling mah...!!
Learn from your Pchem & Gkent mistake mah...!!
Posted by Philip ( Random Walk Theorist) > Apr 18, 2020 7:42 AM | Report Abuse
Again this is the stupidest thinking ever. Earnings and revenue growth is never locked in stone. Harta and topglove have high pe because they have been able to DOUBLE their earnings growth in 10 years, compete internationally and fulfill 25% of world market.
As for Calvin silly claims, my investment in topglove has returned 10x over the 10 years I held them. Even using 2019 recorded results, my investment in super high pe topglove has returned ample results.
https://klse.i3investor.com/servlets/pfs/120720.jsp#tabs_group2
As you can see, since last year to this year I have earned 24% on old topglove not including dividends.
As for fake pastor Calvin,
His stock pick service returns in 2019 ( too many losers to count)
https://klse.i3investor.com/servlets/pfs/123029.jsp
His stock pick service in 2020 (6 losers, 4 winners)
https://klse.i3investor.com/servlets/pfs/131750.jsp
His investment philosophy is a flawed one, and his stock returns are dubious.
But this concept of doubling money in 53.8 years is simply stupid.
Using this concept, if you invested in Apple and Amazon weekend their growth was exponential, using this thinking you would have "doubled" your money in 300 years.
Wow! Then the question is, why would anyone still be holding pe50 QL, pe46 topglove, pe40 yinson? Why would the combined MARKET CAPITALIZATION OF THESE THREE COMPANIES ADD UP TO 36 BILLION RINGGIT?
WOW SO MANY IDIOTS OUT THERE? WHY DO WE AVOID COMPANIES LIKE NETX AND LUXCHEM AND PUT OUR MONEY THERE INSTEAD?
Think. Think m think.
>>>>>
THAT MEANS THAT IF EVERYTHING GOES AS NORMAL LUXCHEM WILL DOUBLE IN PRICE BY 10.9 YEARS
HARTALEGA WITH P/E 53.8 WILL ONLY DOUBLE YOUR MONEY IN 53.8 YEARS
2020-04-18 11:58
This one
https://www.cnbc.com/2020/04/16/jim-cramer-sell-these-groups-of-stocks-whenever-they-bounce.html
2020-04-18 12:05
Shame?
Lift up your head high as LUXCHEM expected to make more than 100% profit
See
https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-04-18-story-h1506021194-TOP_REASONS_WHY_LUXCHEM_5143_COULD_BE_THE_SUPERSTOCK_OF_THE_GLOVE_BULL_.jsp
2020-04-18 15:09
Yes Sifu PureBULL
Calvin noticed you posted this
Stock: [HARTA]: HARTALEGA HOLDINGS BHD
Mar 18, 2020 2:25 AM | Report Abuse
Posted by PureBULL ... > Mar 17, 2020 3:43 PM | Report Abuse X
i. -ve
There r lots of fund redemption. All Fund managers have no choice but have to sell across the board, all their stocks in hand including GLOVES.
ii. +ve
After this sudden crash, DOW should be in GOOD hands.
The brightest minds in wall.street MUST do something MORE effective asap to create a meaningful REBOUND now !
GLOVES too were sold down.
Thanks GOD, GLOVES r the only UPTREND stocks.
UPTREND is your friend, we must embrace tightly every-time ...
2020-04-18 15:30
Posted by PureBULL ... > Apr 18, 2020 3:27 PM | Report Abuse
Dear sifu calvintaneng,
GLOVES, especially MEDICAL gloves are the ONLY SUPER uptrend stocks in KLSE this year n NEXT.
I remembered the raw material for nitril gloves is supplied by KLK.
Pls check it up?
THANKS ...
I think KLK only has 5% rubber planted. Rubber based product is latex resin while nitrile comes from petroleum
I saw this from Lowyat forum (circa 2012)
WELCOME TO LUXCHEM CORPORATION BERHAD INVESTOR RELATIONS FAQS
1) What is Luxchem’s core business?
Luxchem core business is the supply of industrial chemicals. It has over 400 types of chemicals and 100 grades which it exports to a total of 12 countries. Its large established customer base of over 700 provides the company considerable synergies to sustain and grow the business. Luxchem has been manufacturing unsaturated polyester resin and gelcoat since 1998 and is a local market leader in supplying unsaturated polyester resin (UPR).
2) What is the par value of each share, issue price and the present amount of outstanding shares?
RM 0.50 is the par value, issue price is RM1.10 and at present the outstanding number of shares stands at 130 million.
3) What is Luxchem’s fiscal year end?
31 December.
4) Is Luxchem a proxy for the rubber glove industry?
Currently around 20% of its revenue comes from the sale of synthetic latex (nitrile) and related chemical products to the top players like Kossan Rubber, Top Gloves, Supermax, Riverstone and Hartalega. Luxchem sources its nitrile from Zeon Chemicals of Japan which is a leading developer and supplier of innovative polymers, including synthetic elastomers and speciality chemicals. Luxchem has an established dealing relationship with Zeon Chemicals for over 20 years therefore an assurance of continuity.
5) Who are the major shareholders?
Mr Tang Ying See and his wife Madam Chin Song Mooi collectively own 51% of the paid-up capital (directly & indirectly) in the company.
6) What is the outlook for the Industry?
Although Luxchem specializes in industrial chemicals, its products are broadly diversified into four different segments of industry usage :- latex, rubber, pvc and fiberglass reinforced plastic (FRP). The company expects an overall growth of 10-15% for the year 2011.
7) What is Luxchem’s expansion plan?
Luxchem currently has 4 offices and warehouses in Penang, Port Klang, Ipoh & Johor and a sales and marketing office in Singapore. It has just incorporated a subsidiary in Indonesia. It is in the plans to set up a representative office in Vietnam to improve their services to customers in the region through a diversified product range.
8) What is the dividend payout ratio?
Luxchem is in a strong financial position with net cash of RM76.64m as at Dec 31 2010. Luxchem paid out a total dividend of 8 sen in FY2010. This represents a dividend yield of 7.62% at market price of RM1.05 (31 Dec 2010). LCB, with dividend paid out amounting to 36% of PAT in FY2008, 48% of PAT in FY2009 and 51% of PAT in FY2010, represents a generous trend in dividend payout. For FY2011, the Management has announced an interim dividend of 3 sen per share. Management is of the view that this trend is likely to continue as capacity expansion expenses have already been provided for and there are no large cash outflow expected.
2020-04-18 16:22
Calvin tan playing luxchem now? What happened to your netx, redtone and opcom?
2020-04-18 16:23
Posted by Flintstones > Apr 18, 2020 4:23 PM | Report Abuse
Calvin tan playing luxchem now? What happened to your netx, redtone and opcom?
Yes for 6 months to 2 years LUXCHEM should be good as Glove Companies ram up production to meet demand from coronavirus
Even after that Topglove, Rubberex will still open new factories to produce more gloves. So further demand from new factories PLUS RESTOCKING will still keep LUXCHEM factories humming
As for NFCP the Bull Run will last for 5 years - Long After Glove Bull run over
So Calvin Still Holding Netx (Calvin in Top 30 shareholders of Netx), Opcom & Redtone tightly
ONLY THESE 2 GROUPS OF STOCKS CAN HOLD (SELL ALL OTHERS ON REBOUND)
TECH INTERNET BY NFCP
GLOVES DUE TO CORONAVIRUS
See
https://www.cnbc.com/2020/04/16/jim-cramer-sell-these-groups-of-stocks-whenever-they-bounce.html
2020-04-18 16:32
Luxchem Polymer Industries Sdn Bhd produces Malaysia's most comprehensive portfolio of UPR under the brand name POLYMAL. These resins which contribute to the enhancement of every day lives, are used in a variety of consumer and industrial applications in electrical, housing, aircraft, sports, industrial equipment, construction, vessel, railcar, plywood and automobile industries.
Founded in December 2009, Transform Master Sdn Bhd was acquired by Luxchem Corporation Berhad on 29 April 2016 as its subsidiary.
Transform Master is a reputable manufacturer for design, development and manufacturer of latex compounding and processing chemicals serving its customers on rubber latex industry.
PT Luxchem Indonesia
In line with the Group’s business expansion objectives and growth strategy, Luxchem Corporation Berhad established a Joint Venture company with Local Partner in October 2011 hence the formation of PT Luxchem Indonesia and an exciting business journey into the regional market.
Headed by seasoned and capable industry experts, PT. Luxchem Indonesia has grown the business from year to year and highly regarded as a reliable and reputable name in the distribution of chemical and petrochemical products in Indonesia.
Luxchem Vietnam Company Limited
Seeing great potential to expand our business aboard, Luxchem Corporation Berhad established a 100% owned subsidiary in Vietnam in January 2016, with a total capital of USD500,000.
The subsidiary serves to be the import and distribution of industrial chemicals to the customers of all regions in Vietnam. Since the incorporation, the subsidiary is steadily growing its customer base through its dedicated and experienced sales team.
2020-04-18 16:50
I found all information from corporation webpage...
##http://www.luxchem.com.my/index.html
So I can't see any related to glove making worrr......!!!!!
Majority related to polymal, chemical & petrochemical....
^^^Please correct me if I'm wrong....
2020-04-18 16:52
Financial performance for the past 6 years
_________2014 2015 2016 2017 2018 2019
Revenue 603,522 686,754 701549 806,710 814,086 765,480
PBT 29,578 54,397 59,078 55,781 49,880 50,122
PATMI 21,961 39,735 43,499 40,743 37,788 37,645
EPS 2.82 5.04 5.34 4.86 4.42 4.27
**All based on ('000) figures
^^^Based on current price against 2019 financial performance, PE standing about 11.12 times
@@@ So if this year, unprecedented health crisis + most of the countries locked down, my personally view that financial performance shall be adjusted accordingly
FYE 2018:
Earning Per Share - Basic
Computed based on Profit Attributable to Owners of the Company and divided by the weighted average number of shares in issue during the financial year ended 31 December 2018 of 855,857,346.
Earning Per Share - Diluted
Computed based on Profit Attributable to Owners of the Company and divided by the adjusted weighted average number of shares in issue during the financial year ended 31 December 2018 of 876,393,664.
FYE 2017:
Earning Per Share - Basic
Computed based on Profit Attributable to Owners of the Company and divided by the weighted average number of shares in issue during the financial year ended 31 December 2017 of 837,810,471.
Earning Per Share - Diluted
Computed based on Profit Attributable to Owners of the Company and divided by the adjusted weighted average number of shares in issue during the financial year ended 31 December 2017 of 872,024,391.
Upon the completion of the Company’s share split exercise on 8 September 2017, the issued and paid-up ordinary shares of the Company as of that date were increased from 281,617,551 shares to 844,852,653 shares. The share split involved a subdivision of one (1) existing ordinary share into three (3) ordinary shares.
FYE 2014 to FYE 2016:
Earning Per Share - Basic
The weighted average number of ordinary shares in issue during the financial year 2014, 2015 and 2016 have been adjusted to take into effect of the share split exercise undertaken by the Company on 8 September 2017 as as highlighted above.
##http://www.luxchem.com.my/investor-relation.html
2020-04-18 17:44
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥
Singaporean small fly wearing big shoes. Deservedly banned for two weeks from i3.
2020-04-18 18:04
Ahbah
Samchem got a smaller exposure to glove than Luxchem
I will avoid Samchem due to its high Rm160 millions in borrowings
Luxchem has Cash of Rm120 millions
After deducting borrowings Luxchem still has a very nice cash Hoard of Rm60 millions on hand and able to continue giving consistently good dividends
2020-04-18 18:51
Keyman188 I found all information from corporation webpage...
##http://www.luxchem.com.my/index.html
So I can't see any related to glove making worrr......!!!!!
Majority related to polymal, chemical & petrochemical....
^^^Please correct me if I'm wrong....
18/04/2020 4:52 PM
Keyman188
Go look up Luxchem Annual Report
See this
Under this Trading segment, our activities are import, export and distribution of petrochemical and other related products to the Rubber, Latex, FRP, Coating and PVC industries. The major products are as follows:
• Synthetic latex
• Latex chemical
l • Synthetic rubber
• Rubber chemicals
• Polymer resins
and fibreglass materials
• PVC resins, plasticizers and additives
In FYE 2018, revenue from Trading segment was higher by RM3.57 million or 0.55% as compared to FYE 2017. The increase was mainly contributed by higher sales from PTLI. Profit after tax decreased by RM0.65 million or 3.26%, mainly due to lower margins. Strategies In order to remain competitive, our strategies include the following:
• Keeping stocks at optimum levels
• Ensuring prompt collection from customers
• Close monitoring of foreign currency exposures and exchange rates
• Expanding our product range
Read again:
• Synthetic latex
• Latex chemical
l • Synthetic rubber
• Rubber chemicals
SYNTHETIC LATEX IS FOR NITRILE GLOVES
Latex chemical, syntethic rubber & rubber chemical are for Rubber Gloves
See this article by TheEdgedaily
Small Cap Corner: Luxchem — proxy for rubber glove sector?
https://www.theedgemarkets.com/article/small-cap-corner-luxchem-%E2%80%94-proxy-rubber-glove-sector
2020-04-18 20:40
I hold LUCXHEM shares for nearly 2 years. Consistent dividend.
Not sure why they dished too many ESOS shares.
However, expecting it to reach the past high again.
If it gets lower TOP-UP.
2020-04-18 21:01
Calvin, this is the first time i see you post on a value investing counter. Thumbs up. No more those junk counters like netx.
2020-04-18 23:32
Philip ( Random Walk Theorist)
Sell LUXCHEM buy NETX.
https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-03-25-story-h1485637446-TIME_TO_LOAD_UP_ALL_OVERSOLD_NFCP_FIBERISATION_STOCKS_NOW_NETX_REDTONE_.jsp
Already load up NETX how to buy LUXCHEM??
2020-04-19 07:19
Wahh........2009 article also can retreat to re-examine...
Good job............
Lucky I free only that go & explore only, otherwise I wouldn't join in to chat...............
No word to say.....I really don't understand comprehensively what is the nature of polymal, chemical & petrochemical......
Lucky I'm no newbies.............................................
Posted by calvintaneng > Apr 18, 2020 8:40 PM
Read again:
• Synthetic latex
• Latex chemical
l • Synthetic rubber
• Rubber chemicals
SYNTHETIC LATEX IS FOR NITRILE GLOVES
Latex chemical, syntethic rubber & rubber chemical are for Rubber Gloves
See this article by TheEdgedaily
Small Cap Corner: Luxchem — proxy for rubber glove sector?
https://www.theedgemarkets.com/article/small-cap-corner-luxchem-%E2%80...
2020-04-19 10:54
if you want to go to Holland , please follow this stupdiest stock analyst in 3i ... Calvin Tan's call ! Chun Chun Holland call ! hahaha
2020-04-19 13:56
Lewis Lee if you want to go to Holland , please follow this stupdiest stock analyst in 3i ... Calvin Tan's call ! Chun Chun Holland call ! hahaha
19/04/2020 1:56 PM
Stupid?
Then if you are so clever please post here what you think are better stocks to buy?
Hmmm?
Let's see if these were holland call?
Calvin called for a buy on Jaks at 40 sen on December 16th Year 2014
See
Posted by calvintaneng > Dec 16, 2014 3:00 PM | Report Abuse X
Whoa!
Top boss bought at 44 cents and above, millions of them. Anything below 40 cents is a bargain!
So don't wait or else Jaks jump Jump JUMP Up And Away!
Jaks was not popular then and few people want it or took notice
Today Jaks is Rm1.03 (Or up by 157%)
Last year I called for a buy on Carimin at 39 sen, Naim at 52 sen when Dayang was 68 sen
See
https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2019-02-08-story192653-NAIM_is_Firing_Up_on_All_Four_Engines_just_like_the_747_Jumbo_Plane_Calvin_Tan_Research.jsp
Even in this selling carnage Dayang is still at Rm1.28 or up 88%
Both Jaks and Dayang are very popular hot stocks today which i no longer promote
I promoted them when people thought there "were holland" stocks
Will LUXCHEM be a "holland stock"?
Only time will tell
2020-04-19 16:37
gohkimhock Calvin, this is the first time i see you post on a value investing counter. Thumbs up. No more those junk counters like netx.
18/04/2020 11:32 PM
Thks
Netx is a misunderstood stock. Also time will tell as well
2020-04-19 19:45
Posted by tah16600 > Apr 18, 2020 8:40 PM | Report Abuse
No Luxchem no gloves company
THIS IS A CHUN CHUN COMMENT!!
NO LUXCHEM PRODUCING LATEX RESIN? NITRILE RESIN THERE WILL BE NO GLOVE COMPANIES
IN OTHER WORDS IF THERE IS NO CHICKEN FARMS LIKE LAYHONG, CCK, LEONG HUP THERE WON'T BE ANY KFC IN MALAYSIA
2020-04-19 20:04
WAHAHA!!
BUY CALL WAS 47 SEN
CHUN CHUN SOLD LUXCHEM O VER 80 SEN
NOW GO BUY TEXCHEM THE HIDDEM LAGGARD GEM BETTER THAN LUXCHEM
BUY FAST BEFORE OTHERS DISCOVER THE HUGE POTENTIAL OF TEXCHEM!!
https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-07-10-story-h1509833698-BEST_KEPT_SECRET_PROXY_STOCK_TO_TOPGLOVE_SUPERMAX_KOSSAN_HARTA_COMFORT_.jsp
2020-07-10 11:13
Yes Stupid 3iii Stuck in Dinosaur Dlady missed Luxchem
https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-02-07-story-h1483082239-NETX_VERSUS_DLADY_ZELAN_BENALEC_AS_ILUSTRATED_BY_CLEAR_EXAMPLES_Calvin_.jsp
2020-07-18 22:52
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