THE INVESTMENT APPROACH OF CALVIN TAN
TEXCHEM: NOW INTO GLOVE CHEMICAL PRODUCTION. TEXSHIELD, FACE MASK & HAND SANITIZERS, Calvin Tan Research
calvintaneng
Publish date: Fri, 26 Jun 2020, 02:08 AM
calvintaneng
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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
TEXCHEM NOW FULLY INTO
1) GLOVE CHEMICAL PRODUCTION
SEE (2019 annual report page 3)
The US-China trade war has resulted in severe raw material price reduction, unstable supply and demand and keen
competition affecting margins. Our Industrial Division cushioned this impact by increasing sales volumes and recorded
marginally lower revenue of RM442.0 million (FY 2018: RM445.3 million) and lower pre-tax profits at RM4.6 million
(FY 2018: RM5.4 million). The Division ceased its distribution of food additives in Vietnam due to severe competition
resulting in pre-tax loss amounting to RM0.4 million. Meanwhile, diversification into the manufacturing of latex glove
chemicals is progressing as planned.
READ AGAIN
Meanwhile, diversification into the manufacturing of latex glove
chemicals is progressing as planned.
FROM LATEST REPORT
2) FACE SHIELD (TEXSHIELD)
We remain alert to opportunities to strengthen and grow our businesses in the various industries, and have started producing and distributing personal protective equipment (PPE) and sanitation supplies to curb the Covid-19 outbreak, he added.
Its face shields, marketed under the brand name "Tex- Shield", are supplied to Malaysia, Singapore, Japan, Thailand, Indonesia, Vietnam and the US.
"We hold the regional distribution rights for a face masks manufacturer in Malaysia.
"Sanitation supplies manufactured by our Industrial Division include surface disinfectant and hand sanitisers," he said.
3. FACE MASKS
We hold the regional distribution rights for a face masks manufacturer in Malaysia.
4. HAND SANITIZER
"Sanitation supplies manufactured by our Industrial Division include surface disinfectant and hand sanitisers," he said.
PEOPLE SAY
YOU SELL WHEN A COMPANY FUNDAMENTAL DETERIORATES
AND YOU BUY WHEN A COMPANY FUNDAMENTAL IMPROVES
BY THESE 4 NEW PRODUCTS OF GLOVE CHEMICALS, FACE SHIELD, FACE MASKS & HAND SANITIZER
THE FUNDAMENTAL OF TEXCHEM WILL NOW TRANSFORM FOR THE BETTER
BEST REGARDS
CALVIN TAN
PLEASE BUY OR SELL AFTER DOING YOUR OWN DUE DILIGENCE
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1 person likes this. Showing 7 of 7 comments
Is it?
Is 3iii so clever to tell people Dlady at Rm76 is good?
Or chase Padini above Rm6.00?
Or is he too clever for his own good?
2020-06-26 10:37
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https://www.nst.com.my/business/2020/06/603410/texchems-frozen-ready-eat-products-younger-consumers
2020-06-26 02:10