26 sen is too low for TDM.

By rite TDM should be at the rate of RM0.40-RM0.45.

Just the hospital asset alone is worth around RM500mil

No doubt INSAS is a very undervalue GEMS. But this GEMS is controlled by someone that selfish, they always put dust, put dirt on the GEMS to cover its surface, so that the GEMS cannot be shine, and the value of the GEMS will forever remain low.

Not too worry, at least this company is still management by professional businessman, they will know how to take care of their own business.

When we buy share, we buy those company that really focus on doing business. Although share price sometime can be pressdown by some bad news or syndicate, but as long as the management is properly running the business, there should not be any big problem to buy low and hold for long term.

Can throw long kang d this counter.

If this company properly manage by professional, it wont become like this.

Intel factory in Penang will only benefit SSTEEL and ANNJOO.
It has nothing much related to AYS.

1st TP - RM0.90 (Achieved)
2nd TP - RM1.10 (Achieved)
3rd TP - RM1.30 (Achieved)
4th TP - RM1.75
5th TP - RM2.20
6th TP - RM2.80 (then proposed Bonus Issue or Share Split)

Sushi King business is very good (super good, need to wait for seat).
Chemical business also very good. (No more MCO, can run at 100% capacity)
LifeScience business also very good. (No more MCO)
Myammar fisheries business back to normal. (Political more stable compare to last quarter)
Property is at strategic location. (waiting for revaluation)
Property market value is much much higher than book value.
NTA RM2.00
124mil share only.
Market cap RM174mil.

Last time Chicken Rice Shop sold to Japanese buyer for RM200mil.
Don't you think Sushi King will worth at least RM400mil.
Why Texchem want to bought back the 28% from Yoshinoya？Maybe he already find a buyer, so he must buyback all the share, then only can dispose to new buyer at higher price.

Hextar bought a lot of chemical company at high price.
If Hextar want to acquired Texchem Chemical business (Industry chemical + Life Science), I think minimum it will offer RM300mil.

So, TEXCHEM is worth RM300m + RM400m = RM700m.

RM700mil / 125mil unit of share = RM5.60 per share.

Give it a superb durian runtuh discount of 50%, still worth RM2.80 minimum.

U look at Ancom, it was below 50sen during Dec 2019. Then suddenly it climb to to RM3.50 within 2 years.

Yup, from a investor perspective, I agreed this transaction is lack of transparent.

But, from business perspective, Sushi King business is getting very good recently, especially after the lockdown on June/July/Aug, all the mall / restaurant traffic is surge dramatically.

Back to 7-8 years ago, Japanese food is mostly consumed by chinese (90% customer is chinese).
But nowadays, many malay can accept japanese food, and chinese have gradually move to higher range japanese food restaurant.

Hence, nowadays you can see Sushi King customer majority is Malay. Compare to other japaneses restaurant, Sushi king price is at affordable level, 1 small family (2 parent and 2 kid) go to eat until full the price can be within RM80-100.

You can wait for the quarter result, I believe sure you can see the F&B business segment start to generate nice profit for Q4 2021.

Don't treat it like a purchase, just treat it as a repayment of borrowing.

Treat it like 7 years ago Texchem pledge 28% to Yoshinoya and borrow RM102mil from them, and 7 years later Texchem payback the RM102mil and get back the 28% share.

During this 7 years, you have take the money and expand the business from 89 outlet to 121 outlet.
And due to pandemic, Yoshinoya group personally badly hitted by the crisis, and now they want Texchem to payback the RM102mil, so they return back the share.

Then you will feel comfortable with the deal.

Many people ask me why TEXCHEM proposed to purchase the 28% share at RM102.2 mil, how they arrive at this valuation.

The answer is very simple, this RM102.2mil is the original investment amount that Yoshinoya Group invested for the 28% in 7 years ago.

Back to 2015, Texchem has sold 28% share of Sushi King to Yoshinoya Group at RM102.2mil.
7 years later, Texchem buy back the 28% share at RM102.2mil.

7 years ago, Sushi King have 89 outlet.
7 years later (after pandemic), Sushi King has 121 outlet.

7 years ago, Sushi King is very profitable, can generate RM15-20mil profit per year.
Recent this two years, due to Covid Pandemic, the Sushi King business is very bad, loss a lot of money. However, if assume everything can back to normal, the Sushi King should be able to generate RM25-30mil profit per year.

RM30mil divided 121 outlet, we are talking about RM250,000 per outlet per year, or equivalent to RM20k profit per outlet per month.

Currently Texchem have 70.35% of SushiKing.
If 28% is worth RM102.2mil, then the 70.35% is worth RM256 mil.

Texchem market capital is RM163mil.

Texchem have Chemical business, Food business, Restaurant business, Life Science business.

Just a restaurant segment is worth RM256 mil, the whole group should worth minimum RM500mil.

Without the US and Canada market, no doubt the coming QR profit will be lower, it can be Rm200m, RM100m...etc.

But the cash will not disappear, after paying the tax RM1 bi, its cash balance minimum should still have RM2bil.

The US investment won't utilise the cash so soon.

I estimate profit around 12-15mil

Let put it this way :-

Back to 2019, MPI is earning around RM150mil per annum, and share price is RM10.
At that time, market PE is around 10x only

Now 2021-2022, MPI is earning around RM300mil per annum, and share price is RM40.
At this moment, market PE is around 30x, some other tech stock can even have 40x, 50x, 60x

During this two year, how much capacity MPI has increase?

Although technology demand has increase, but I believe supplier will increase also.

When the profit is good, other country will setup factory to provide the similar services, same like Glove, when the profit is thin, whole world don't want to produce, so Malaysia can take up 60% of world supply. But when profit is good, all country try to setup factory produce themselves, and our market share starting to drop from 60%, 50%, 40%...., until a level where it no longer profitable, then other country will give up the production, then our market share will back to 60% again.

To sustain at this price, it is either MPI can continue to growth from RM300mil to RM600mil or RM900mil, or else PE will start drop from 30x to 25x to 20x to 15x. The drop will be faster if the profit is no longer growing, or when it start to reduce.

By that time, the share price will back to RM15 or RM20 like this.

Above is just my personal thought, I am try to learn from Glove Mistake and see whether it can apply to other sector and to help me to avoid big loss again.

TEXCHEM, 你不能错过的一支严重被低估的黑马.
2022 高估值的科技股将会退潮,资金会开始流入被低估,实实在在做生意的公司.
TEXCHEM无论是盈利, 资产, 生意规模, 管理层, 品牌, 都是不错的, 而且严重被低估.

TEXCHEM
- Market Cap - RM158mil
- NTA - RM260mil (65% upside)
- Enterprise value - RM600mil (280% upside)

Q4'2021 result - Estimated EPS 7sen - 10sen.

Interesting stories, hope you can share more, especially on the deal between MBL and Symphony Life, and the Langkawi Open Road International Circuit project.

Q4'2021 is superb quarter for Texchem.
Especially for it's F&B business Sushi King.

1st TP - RM0.90 (Achieved)
2nd TP - RM1.10 (Achieved)
3rd TP - RM1.30 (Achieved)
4th TP - RM1.75
5th TP - RM2.20
6th TP - RM2.80 (then proposed Bonus Issue or Share Split)

Sushi King business is very good (super good, need to wait for seat).
Chemical business also very good. (No more MCO, can run at 100% capacity)
LifeScience business also very good. (No more MCO)
Myammar fisheries business back to normal. (Political more stable compare to last quarter)
Property is at strategic location. (waiting for revaluation)
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.

Hextar bought a lot of chemical company at high price.
If Hextar want to acquired Texchem Chemical business (Industry chemical + Life Science), I think minimum it will offer RM300mil.

So, TEXCHEM is worth RM300m + RM300m = RM600m.

RM600mil / 125mil unit of share = RM4.80 per share.

Give it a superb durian runtuh discount of 50%, still worth RM2.40 minimum.

TEXCHEM, still the most undervalue stock.

Industrial Chemical Segment - Super Good.

F&B Sushi King -Super Good, all restaurant still full with patron.

Fishing - Myammar business return to profit.

This is the one of the best recovery stock to bet for 2022.

Minimum target price - RM2;00

Dear Mr Tan, I am nobody in forum, and I do not have any good record in the past few years. If there are still seat not taken up by reserved seat, I hope I got the chance to grab the seat. Here is my stock pick for Year 2022 :-

Danco 15%
Texchem 15%
PPHB 10%
MBL 10%
Bplant 10%
THplant 10%
Ruberex 10%
Kossan 10%
Comfort 10%

I do read, agreed with all the points raised by successor26

Can refer to the above link.

This is the official website from US

https://ustr.gov/issue-areas/enforcement/section-301-investigations/section-301-china-technology-transfer/china-section-301-tariff-actions-and-exclusion-process/covid-exclusions

If none of us buying EPMB, the syndicate will continue to push it to RM10, 20 or even RM30.

But once you buy, I buy, we all buy, then it will never go up.

This is why every time we saw other share went up so much 1000%, 2000%, and the share we bought always remain at low level. Please dont question yourself why you so bad luck, it is not related to your luck, it is really the standard practice how syndicate goreng stock.

U want, they throw to you, you scare to buy, they continue to push up until you cant control and bought it.

Johnchew5, your news is old news d.

The latest decision is confirmed end on 30 Nov 2021 d.

投资者提问：

美国301关税对一次性手套豁免期11月30日到期，对贵司美国市场订单是否有影响？

董秘回答(英科医疗(56.080, -2.18, -3.74%)SZ300677)：

尊敬的投资者您好，美国301关税对一次性丁腈手套豁免期于11月30日到期，目前，对于一次性医疗级丁腈手套加征7.5%关税，一次性工业级丁腈手套加征25%关税，一次性PVC手套不征收关税。关于关税变化，公司一直保持高度关注并积极应对，同时采取了多种措施并适时调整，尽可能消除关税事件所带来的影响，相关措施目前包括： 1、公司已聘请美国优秀律师向USTR提起陈情，申请继续豁免； 2、公司计划加大海外生产基地的建设，以消除未来关税的影响；同时加大非美区域的市场开拓，服务好全球范围内的客户； 3、公司重视ESG发展，相比马来西亚公司，公司治理良好。同时公司具备行业领先的成本控制能力，且产品质量广受好评，客户持续合作意愿强烈。 感谢您的关注！

投资者提问：

美国301关税对一次性手套豁免期11月30日到期，对贵司美国市场订单是否有影响？

董秘回答(英科医疗(56.080, -2.18, -3.74%)SZ300677)：

尊敬的投资者您好，美国301关税对一次性丁腈手套豁免期于11月30日到期，目前，对于一次性医疗级丁腈手套加征7.5%关税，一次性工业级丁腈手套加征25%关税，一次性PVC手套不征收关税。关于关税变化，公司一直保持高度关注并积极应对，同时采取了多种措施并适时调整，尽可能消除关税事件所带来的影响，相关措施目前包括： 1、公司已聘请美国优秀律师向USTR提起陈情，申请继续豁免； 2、公司计划加大海外生产基地的建设，以消除未来关税的影响；同时加大非美区域的市场开拓，服务好全球范围内的客户； 3、公司重视ESG发展，相比马来西亚公司，公司治理良好。同时公司具备行业领先的成本控制能力，且产品质量广受好评，客户持续合作意愿强烈。 感谢您的关注！

投资者提问：

美国301关税对一次性手套豁免期11月30日到期，对贵司美国市场订单是否有影响？

董秘回答(英科医疗(56.080, -2.18, -3.74%)SZ300677)：

尊敬的投资者您好，美国301关税对一次性丁腈手套豁免期于11月30日到期，目前，对于一次性医疗级丁腈手套加征7.5%关税，一次性工业级丁腈手套加征25%关税，一次性PVC手套不征收关税。关于关税变化，公司一直保持高度关注并积极应对，同时采取了多种措施并适时调整，尽可能消除关税事件所带来的影响，相关措施目前包括： 1、公司已聘请美国优秀律师向USTR提起陈情，申请继续豁免； 2、公司计划加大海外生产基地的建设，以消除未来关税的影响；同时加大非美区域的市场开拓，服务好全球范围内的客户； 3、公司重视ESG发展，相比马来西亚公司，公司治理良好。同时公司具备行业领先的成本控制能力，且产品质量广受好评，客户持续合作意愿强烈。 感谢您的关注！

Confirmed, you can google US Tariff Section 301 Exclusion list.

Previous there are 99 products, but now only 81 product can enjoy the exclusion till 30 June 2022, while remaining 18 product will end from the exclusion list by 30 Nov 2021.

Nitrile Glove and Mask are one of the item under the 18 products, so their tariff exemption is until 30 Nov 2021 only.

Confirmed, you can google US Tariff Section 301 Exclusion list.

Previous there are 99 products, but now only 81 product can enjoy the exclusion till 30 June 2022, while remaining 18 product will end from the exclusion list by 30 Nov 2021.

Nitrile Glove and Mask are one of the item under the 18 products, so their tariff exemption is until 30 Nov 2021 only.

Yup, texchem is the best bet.

Texchem got chemical, got retail, got fishing, got kokubu logistic.

Too much undervalue.

The Feng Shui Master is really bring all his believer into Holland.
He always claim himself so good so kind, not sure he really understand how suffer is his believer.
I saw many of his fans was so suffer.

I understand no one is 100% correct in stock market, so if you stay humble, tell your believer don't trust you 100%, then I am okay.

But you always claim yourself so good so accurate, and when u bring people to holland, you never admit you are wrong, you still saying something like you never ask money from people, you are sharing your knowledge only.

if your knowledge is incorrect, then please don't share it. When u claim yourself as a master, people will tend to believe you, so you cannot simply share something which is incorrect.

Think from the other side, the huge drop in PAT is also a good thing for the glove boss.

Previously, when they are making huge money, all the media, social activist, government, bumiputera are aiming them, anything also relate to Glove.

I hope with the drop of profit, all these parties can leave glove alone, change their target to other sector (i.e. EMS, Crypto, Ewallet), so at least the Glove companies can focus on their own business, focus on their R&D, focus on their sales & marketing, instead of everyday worry about non-business related issue (i.e. ESG, Bumiputra shareholding, Government asking for donation, lockdow， Andy hall....etc)

Master Pang, the No 1 Feng Shui Master in Malaysia, are you still ok?

wow... RM1.7mil turnoever, average per month is RM600k.

A minimarket sales is higher than this.

Bentan is a real investor, really salute with his hardwork.

Last night place order queue at 36.5sen.
Today lowest is 38sen.
Missed the opportunity d.
Congratulation to those who make profit today.

TEXCHEM, still the most undervalue stock.

Industrial Chemical Segment - Super Good.

F&B Sushi King -Super Good, all restaurant still full with patron.

Fishing - Myammar business return to profit.

This is the one of the best recovery stock to bet for 2022.

Minimum target price - RM2;00

Haha.. when the share you invested and drop, you wanna call for EGM.
When other people share invested and drop, you laugh at them and said they didn't follow your golden rules.

What you see in QR may not be same as what you think.
I am not saying they are bad, but I just want to let you know they may not as good as you see or you think. My advise is be careful, stay cautious, safeguard your money.

Limit up

Can I ask something here?

Any of you, yours company, yours fren's company, or your fren's frens company is using ARBB ERP software or ARBB IoT?

Or do you know any listed companies in Malaysia is using ARBB's ERP or IoT?

If yes, please share here, at least we can dig more useful information to evaluate this so called "Superb Undervalue" company.

Wow, nuclear bomb.

Time to accumulate more DANCO before it fly

Very good QR, not affect by MCO.
Next quarter will be even better

1st TP - RM0.90 (Achieved, and stay firm above it)
2nd TP - RM1.10 (Achieved, but drop back, will touch it again soon)
3rd TP - RM1.30 (Coming soon)

Sushi King business is very good (super good, need to wait for seat).
Chemical business also very good. (No more MCO, can run at 100% capacity)
LifeScience business also very good. (No more MCO)
Myammar fisheries business back to normal. (Political more stable compare to last quarter)
Property is at strategic location. (waiting for revaluation)
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.

Hextar bought a lot of chemical company at high price.
If Hextar want to acquired Texchem Chemical business (Industry chemical + Life Science), I think minimum it will offer RM300mil.

So, TEXCHEM is worth RM300m + RM300m = RM600m.

RM600mil / 125mil unit of share = RM4.80 per share.

Give it a superb durian runtuh discount of 50%, still worth RM2.40 minimum.

Hooray !!!
EPMB is the next Genetec.

yup.. wait patiently.
Something brewing.

24mil Private Placement will be listed.

If you are the PP buyer, your cost is RM0.55, would you dump and earn 30sen (60% realised profit), or would you hold and looking forward for 100%-200% unrealised profit.

2nd TP - RM1.10 will achieve soon.

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.

Today perhaps can touch RM0.76?