I think there is still a lot of upside because their customers are doing so well. Cannot invest in TopGlov, Supermax, Kossan etc anymore, invest in these guys as a proxy lor.
"Luxchem is a supplier of industrial chemicals and materials in general.
Industry observers said around 35 per cent of Luxchem's total turnover came from the sale of latex chemicals to companies like Kossan Rubber Industries Bhd, Hartalega, Top Glove, Supermax, Riverstone and Latexx."
Stock: [LUXCHEM]: LUXCHEM CORPORATION BHD
2020-10-27 17:34 | Report Abuse
I think there is still a lot of upside because their customers are doing so well. Cannot invest in TopGlov, Supermax, Kossan etc anymore, invest in these guys as a proxy lor.
https://www.nst.com.my/business/2020/06/597338/luxchem-sanichi-hlt-proxies-rubber-glove-industry
"Luxchem is a supplier of industrial chemicals and materials in general.
Industry observers said around 35 per cent of Luxchem's total turnover came from the sale of latex chemicals to companies like Kossan Rubber Industries Bhd, Hartalega, Top Glove, Supermax, Riverstone and Latexx."