Luxchem is trading in a wide range of chemicals and are a distributor for polymer, plasticizers, chemical dispersion and cleaning agents for various industries.
Subject to trading margin, exposed to inventory holding and fx rates. Glove sector demand supports additive and other chemicals used in process.
Hextar is another company in the chemical biz but are focused on the agriculture sector, in particular oil palm. They signed a framework agreement to supply Sime Darby with various fertilisers and other chemicals used in the processing.
Hexza has been in manufacturing of resins, alcohol, ethanol, vinegar and even wine coolers for more than 30years. They manufacture and distribute their own brand. Driver for hexza is demand from healthcare/pharmaceutical industries, wood based industries, f&b (drinks, sos/paste..) and of cause investment income and gains from their small US tech shares holdings.
Chemical industries tag on their main focus sectors for their products and key trends.
With Covid 19, the new norm, you may conclude that hexza is now linked to the consumer based healthcare play, which cast a wider net towards population use. Demand will remain strong for now and years to come. Even with a vaccine in place, precautions must be taken, not only for Covid-19 but mutant strains of Sars and H1N1 viruses.
PETALING JAYA: CGS-CIMB expects Hexza Corp Bhd to benefit from a surge in demand for ethanol due to Covid-19, which is a component in sanitiser products.
According to CGS-CIMB, Hexza has seen increased orders from its industrial customers since the outbreak of Covid-19 in February 2020. This is especially so for those involved in making sanitisers and disinfectants, as the demand for these products has increased tremendously.
Alcohol-based hand sanitisers contain varying amounts and types of alcohol, often between 60% and 95%. These are usually ethanol (ethyl alcohol), isopropyl alcohol or n-propanol.
one of the key differences between those who make it and those that didn't is that they ride it through! many that didn't is not that they are not smart but indeed too smart. dare to bet but dare not win.
If bank Negara drops the OPR by 50bps, the hexza will attract more interest with its strong dividend yield. There could be shifting of investments to dividend certainty stocks like hexza.
I'll wait it our for some special dividends around x'mas. :D It's has been a joy receiving the dividends for the past 4 years
I got in at 1.25 thinking that it would be a good support level based on this mornings movement... wrong move.. (bang head on wall) Hexza is at all time high now (uncharted territory), there is a chance it will still go up given its good fundamentals.
Next support should be around 1.15 with resistance at 1.35
Hexza's peak in 1997 was 1.84 so now it's not the all-time high...however a lot of resistance @ current levels becos those who are stuck in the 1.20s-1.84 since '94-'99 might wanna cut loss. 1.10-1.20 was the support in '95-'96 but became a resistance when it was broken in '97...halting the advance in Jul '99 and also 2017.
I guess we will know over the next 2 days how many would pick up and ride along the uptrend. Volume today was pretty high but there was no indication that the buyers were in to push the price higher. Even before the last 3 days of movement, there was steady momentum gaining daily.
Started to move after the star news article and further report by CIMB.
It's not a contra goreng counter. If anyone wanted to make a quick buck, they might be disappointed. But I hope for the best..
Altho' I agree that DY is still good even @ these prices(3.9% vs 6% when I added more in Nov '19), you hv to wait until yr-end to receive the dividend. Also, having traded at a healthy discount to NTA for umpteen years, it's now @ a premium to NTA which isn't really justified based on their sunset core biz with the virus under containment here...
Looking good. Believe value investors are averaging for long term gains. When the world returns to the new norm mask and sanitizers will be most in demand. Once hospitalised patients are cured and cases drop, latex glove demand will come down and investors then start moving to hexza.
Won't happen over night but with the strong QR as an indicator signalling more IB reports, investors will take notice..
as at 31 Dec 2019, cash RM62.099 mil. total share issued 200.380 mil, cash per share 31c. share investments RM99.824 mil worth 50c per share. total up 81c
lcng123 as at 31 Dec 2019, cash RM62.099 mil. total share issued 200.380 mil, cash per share 31c. share investments RM99.824 mil worth 50c per share. total up 81c 06/05/2020 1:12 PM
YES, this is the one!! 81c
So, per today price of 1.13 minus 81c... The sanitize business is only 31c...
The largest in Malaysia wow.... 31c in huge demand now...
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3325 views | 3 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Skng Keong
1,256 posts
Posted by Skng Keong > 2020-05-05 09:32 | Report Abuse
Better take profit.