Obviously you dun understand what Luxchem business doing. They are totally different with LC Titan and Petronas, or even Samchem. That's why you can't have a proper valuation view on them.

Lukesharewalker Yes. Samchem is diversified and seems to be performing better. Luxchem cant even compete with their niche in the gloves sector. Why? There is another big unlisted supplier plus there is LC titan and Petronas chemicals. So margin is pretty thin until profits are challenged. So, it's better to be a small but effective player
16/08/2020 4:24 PM

Very good result even thru fully operate for 1 and half month only! Thanks for another 2.5 sen dividend again!

Top up @ 73 sen this morning.

Anyone here attends BPPLAS AGM tomorrow?

Sold some @ 1.27 to lock profit.

Share price up from 0.62 to 1.20 today after the Edge interview with TS on 29 June 2020. Apa lu mau?


ForceBWithU Komark announces intention to produce face mask can up 0.08. Some more loss making since 2017. Tekseng producing PPE and face mask material and profitable plus rm51 million still Zzzzz. Where's the son Loh Eng Chun. Please make some positive business announcement.
05/08/2020 2:49 PM

Top up at 1.16. No more bullet @@

Shit, I should wait more few hours to buy. Paper loss coming fast.

Bought 1.30 this morning.

Top up at 2.02.

Top up at 2.21.

Diamond7, I'm very annoying that those news and financial analysts always ignore BPPLAS. What's the problem there?

52 week new high today!

Bought OCK at 51 sen last Fri.

Tualp, any insider news?

Hi focusinvesting, I wont argue how accurate your fair value, but your calculation and basis are make sense. Thank you.

Hi focusinvesting, you need a calculation, basis and assumption how to derive your fair value, otherwise this is no difference with the figure is from the sky.

focusinvesting The company's financial position remains solid and the reducing debt is a pleasing development.
https://focusinvesting484855354.wordpress.com/2020/07/12/lii-hen-1st-q...
12/07/2020 4:12 PM

Based on current scenario, definitely is goreng share due to the Nanyang SiangPau article.

Sold at 2.82 to free up capital.

Bought at 2.30 today.

Bought 46 sen yesterday.

Bought 0.925 yesterday.

Sold at RM1 to lock profit.

Congrats! After one year get the big project finally!!! RM81 mil hooray!!!

Come on, you are comparing Apple to Orange!


RainT PENTA future prospect is very bright due to tech whereas

BPPLAS is not stable due to oil price

this is can see from the profit margin which is damm low
15/05/2020 5:41 PM

Sold at 71 sen yesterday and 82 sen today, to keep the balance as free share.
Not forgotten to thank for dividend paid today!

Sold at 1.28 yesterday and reserve more cash on hand.

Bought @ 1.58. This is difficult to grab this price in the past.

where is gkent?

Bit upset that Liihen still yet to release QR until today.

Consider very good result. Anyway, Hevea two major exporting countries: China and Japan are facing COVID-19 outbreak and may impact 1Q2020 business performance.

Possible, the last final dividend paid is during FY2017.

QR not release yet but announce the dividend? What's the meaning? And 1.4 sen per share dividend is lower than 2 sen per share in 4Q19.

Bought at 1.73

Topup at 0.81

Bought at 1.67.

QR not bad, but second half year will be challenging.

Share price already up from 1.6x last week to 1.76 yesterday. It's normal that some people take profit today.

你的看法太武断，巴老认为比特币和黄金一样不能带来实际回酬，重点是容易被炒作导致价格剧烈波动，不利于当作生产价值的长期投资

Good result again.

Wow. Like this also can? Possible Rosmah deliver baby again so bossku can ask for trial delay as well?

Good result within expectation and 1.25 sen dividend declared.
I like the free cash flow is strong. As capex requirement is low, may expect more generous dividend in the next 1-2 years.

Is next next Thursday, not next week.

By RHB Research

Buy (maintained)

Target price: RM0.59

Luxchem Corp is expected to issue its FY19 results by the end of this month.

The company has been experiencing higher demand recently from the glove manufacturing sector due to the coronavirus outbreak.

RHB Research forecasts Luxchem to register an FY19 profit after tax and minority interest (Patami) of RM38.9mil, a slight improvement from the RM38mil recorded in the previous year.

This figure in the first nine months of 2019 stood at RM28.1mil.

The coronavirus outbreak has seen the company receiving higher purchase orders from its glove-making clients.

However, as the situation is still evolving – particularly in terms of the possible duration of the outbreak, which varies amongst the experts – RHB Research is keeping its FY20 forecasts, pending a post results meeting with management.

“We understand that Luxchem’s manufacturing arm, Transform Master, completed its plant expansion at the end of 2019 – this was according to schedule.

“The expanded facility can now handle 18,000 tonnes per annum (tpa) from 13,800 tpa previously, ” the research house said.

Recall that Transform Master was acquired in 2016.

At the time of acquisition, it had a manufacturing capacity of 9,600 tpa.

RHB Research maintains its buy call target price for Luxchem, which is based on an unchanged 13 times FY20 price-earnings ratio (PE) on an earnings per share (EPS) of 4.5 sen

Luxchem’s stock has experienced increased market followings in the past three weeks as a thematic play.

This is arising from the coronavirus outbreak, given its exposure to the gloves sector.

Interest may sustain should the outbreak’s peak be delayed.

https://www.malaysiastock.biz/GetReport.aspx?file=2020/2/13/7277%20-%201814350012504.PDF&name=Interim%20Financial%20Report%20FY2020%20Q2.PDF

‘Serba Dinamik in talks to take over state-owned fabrication yard’

Energy services group Serba Dinamik Holdings Bhd is in talks to take over Sarawak state-owned integrated engineering firm Brooke Dockyard and Engineering Works Corp, sources said.

The group is currently in early state of negotiations with the state government on the acquisition, according one of the sources that are familiar with the matter.

“The value of the acquisition has yet to be determined, as both parties are exploring all possibilities,” the source added.

A source said Brooke Dockyard had slipped into financial trouble after it incurred RM100 million of losses caused by a contract it has undertaken.

It is no longer economically viable for the state government to hold onto the asset, the source noted.

Serba Dinamik could not be reached for comment on the matter.

Based in Sarawak, Brooke Dockyard is involved in the oil and gas (O&G) services sector, including maintenance, repair and overhaul (MRO) — in which Serba Dinamik has a presence.

TA Securities in its research note said that Serba Dinamik is poised to receive new MRO orders estimated to be about RM1 billion from Sarawak this year.

The company’s newly completed RM259 million facility in Tanjung Kidurong, Bintulu — the Bintulu Integrated Energy Hub (BIEH) — is expected to enable Serba Dinamik to have a slice of the action in the state. The facility is expected to be launched in the first quarter of this year.

The BIEH is a 30-acre (12.14ha) development in Tanjung Kidurong which will house the MRO and IRM Centre of Excellence in Sarawak. The BIEH is targeted to become a central facility that will provide a multitude of MRO, engineering, procurement, construction and commissioning (EPCC) and relevant scopes of work.

The centre will host MRO workshops, blasting, coating and galvanisation areas and plants, fabrication and laydown areas, warehouses and storage facilities, and other facilities such as office buildings, car parks, power substation, a waste water treatment facility and training centres.

Serba Dinamik has set a target of securing an additional RM5 billion of new job orders in 2020, on top of its existing order book of some RM10 billion.

Its managing director and chief executive officer Datuk Dr Mohd Abdul Karim Abdullah was quoted by the media earlier as saying that the target was achievable based on the company’s current order book and an anticipation of improvement of the US-China geopolitical situation.

Last Tuesday, Serba Dinamik announced that three of its subsidiaries secured 12 new contracts — half of which are worth a combined US$78 million (approximately RM322.92 million), while the other half are on call-out basis.

Separately, The Edge Malaysia weekly reported that its deputy group managing director Datuk Awang Daud Awang Putera was in talks to acquire a controlling stake in a privately held O&G outfit, Transfame Sdn Bhd.

The weekly quoted industry sources saying that the negotiations had reached an advanced stage, although there was no indication on what price Awang Daud will pay for the O&G company.

https://www.theedgemarkets.com/article/serba-dinamik-talks-take-over-stateowned-fabrication-yard

Yes, Luxchem is the supplier to Kossan, Top glove etc glove industry, which contributed about 20-25% to Luxchem revenue.

Bpplas is always ignored by the market. The peers like Tguan, SCGM & SLP PER > 10 but Bpplas still below 10.

No answer to question 3?

Very impressive QR!