Posted by bleuerouge > 2016-11-25 16:06 | Report Abuse

export stock? what do they export? resins?

Posted by PlsGiveBonus > 2016-11-25 16:06 | Report Abuse

Another holland trip

Posted by bleuerouge > 2016-11-25 16:12 | Report Abuse

This is a trading company dealing with chemicals imported from various countries and supply to local market, and they ventured into resins manufacturing decades ago.
Please clarify your point if this company is an export oriented.

Posted by wakakaka88 > 2016-11-25 16:19 | Report Abuse

kaboooooom...wkakakakakakaka

Posted by andersonleee > 2016-11-25 16:28 | Report Abuse

yea trading company, but they are not imported the chemicals but manufacture themselves, and in 2013-2014, they buy chemicals with TM and expand their production line, that's y the margin increase from 3% to 5%, and now they acquire TM. This is a big advantage of controlling the margin. Imagine an increase of 1-2% of the Net profit, would increase how much of the EPS.

Posted by andersonleee > 2016-11-25 16:29 | Report Abuse

the revenue of export is just 20%. local market occupied more than 70%

Posted by bleuerouge > 2016-11-25 16:40 | Report Abuse

I still believe some of the key materials are still imported as not available in Malaysia, maybe from China or S'pore.

Posted by bleuerouge > 2016-11-25 16:42 | Report Abuse

anyway, hopefully someone can get info from luxchem on why the price is dropping and I think we haven't seen the bottom yet.

Posted by Chan SauWei > 2016-11-25 16:45 | Report Abuse

Its good time to buy more in lower price now if u trust and believe comp growth..

Posted by Chan SauWei > 2016-11-25 16:45 | Report Abuse

Remember buy low, and sell in high

Posted by andersonleee > 2016-11-25 16:51 | Report Abuse

@bluerouge, yea i believe there are some material that imported, but according to my study the management of luxchem is doing well on cost efficiency. If you study the previous annual report from 2008 to 2015. Even in the 100+ oil price, they still maintain good profit earning.

Posted by bleuerouge > 2016-11-25 17:02 | Report Abuse

@andersonlee, yes I concur.
Mr Tang and his management team have been doing a very good job all these years developing Luxchem.

Posted by Chan SauWei > 2016-11-25 17:10 | Report Abuse

Fundamental no change at this moment.. All just panic sell without deep thinking

Posted by andersonleee > 2016-11-25 17:20 | Report Abuse

and think carefully with the kiam siap management, why did they acquire TM with such expensive price (the most expensive CAPEX during 2008-2016). I don knw how potential is TM, but i knew management surely did some digging and analyst the future prospect of TM. Believe in next few years, the profit will be reflect on paper. stay tuned.

Posted by Doer > 2016-11-25 17:39 | Report Abuse

When cheap then in. I saw many innocent here. Let's see the result on Jan. The counter is solid with cash rich in hand. Good management. Time to increase volume indeed. Hahaha

Posted by Doer > 2016-11-25 18:16 | Report Abuse

When cheap then in. I saw many innocent here. Let's see the result on Jan. The counter is solid with cash rich in hand. Good management. Time to increase volume indeed. Hahahap

Posted by G-boy > 2016-11-25 21:16 | Report Abuse

today got big kaki sell out..i think their average price from rm1 to 1.3...

Posted by Doer > 2016-11-25 23:44 | Report Abuse

Luxchem is doing UPR resin export. There is a way called hedging fund, I believed Luxchem has hedged some USD in cheap price for raw materials importing. I believed Luxchem management is following old man style which is stable and having goods insight for market trend. Worth to buy in...

Posted by Doer > 2016-11-28 09:56 | Report Abuse

Any idea why this counter keep dropping??? This counter still in healthy state...

Posted by Invest1188 > 2016-11-28 13:34 | Report Abuse

Foreign fund dispose, bye bye

Posted by Doer > 2016-11-28 14:01 | Report Abuse

So i choose to enter this counter since holding RM in hand oso valueless now...the price is attractive now...

Posted by jackyle > 2016-11-28 16:12 | Report Abuse

Queing there also.

Posted by bleuerouge > 2016-11-28 16:15 | Report Abuse

145c also no take? how cheap this gonna be?

Posted by Chan SauWei > 2016-11-28 19:27 | Report Abuse

Luxchem out from syariah list... Should be impact abit..
But i believe it will recover soon...

Posted by Invest1188 > 2016-11-28 19:49 | Report Abuse

Why out from
Shariah?

Posted by Chan SauWei > 2016-11-28 20:27 | Report Abuse

No sure.. I think non halal for them...

Posted by Invest1188 > 2016-11-28 20:28 | Report Abuse

Luxchem product non halal?

Posted by hipster > 2016-11-28 22:00 | Report Abuse

it's dropping for no obvious reason ...

Posted by Chan SauWei > 2016-11-28 22:58 | Report Abuse

Shariah Compliant Listed Equities
The Shariah Advisory Council (SAC) of the Securities Commission Malaysia (SC) approves and updates shares classified as Shariah compliant Securities, listed on Bursa Malaysia. The list, which was updated every May and November, provides investment reference for Islamic unit trust funds, Takaful funds, Islamic stock broking companies/services and investors looking for Shariah compliant investment. The list shall meet several objectives as follows:
Facilitate investors seeking investment in Shariah compliant shares listed on Bursa Malaysia.
Centralisation of Shariah decisions domestically.
Enhance disclosure and transparency.
Promote the development of Islamic Capital Markets.
Encourage the development of Islamic instruments.
What is the methodology used for screening?
The SAC of SC screens listed shares based on certain methodology. As a preliminary screening, companies which activities are not contrary to Shariah principles will be classified as Shariah compliant securities. On the other hand, companies will be deemed as Shariah non-compliant if they are involved in the following core activities
Financial services based on riba (interest)
Gaming and gambling
Manufacture or sale of non-halal products or related products
Conventional insurance
Entertainment activities that are non-permissible according to Shariah
Manufacture or sale of tobacco-based products or related products
Stock broking or share trading on Shariah non-compliant securities, and
Other activities deemed non-permissible according to Shariah
For companies with activities comprising both permissible and non-permissible activities, the SAC of SC measures level of mixed contributions from permissible and non-permissible activities towards turnover and profit before tax of a company. The SAC of SC uses benchmarks based on Ijtihad (Shariah based reasoning). Where the contributions of non-permissible activities exceed the benchmark, the securities shall be classified as Shariah non-compliant.
The SAC of SC subsequently assesses the financial management of the company by applying financial ratio benchmarks. The financial ratio benchmarks are intended to measure riba and riba-based elements within a company’s statements of financial position.
In addition, the SAC of SC also takes into account the qualitative aspect which involves public perception or image of the company’s activities from the perspective of Islamic teaching

Posted by bleuerouge > 2016-11-29 00:25 | Report Abuse

Well, this is ironic and non-sense when you also have a muslim as its non exec director,http://www.luxchem.com.my/default.asp?iId=GDMJMD
But everything is possible in bolehland...:-D

Posted by hipster > 2016-11-29 09:58 | Report Abuse

this is nonsense. the co is selling chemicals what is it got to do with halal/ shariah thing?

Posted by lkoky > 2016-11-29 10:05 | Report Abuse

it could be one of its product name got the word "dog"

Posted by bleuerouge > 2016-11-29 10:17 | Report Abuse

lol, btw 144c was a strong support and that could be the bottom. get ready to buy in..

Posted by bluefun > 2016-11-29 12:50 | Report Abuse

I think not necessary is related to halal/non halal product.

Most likely is luxchem's policies, procedures, process flow , financing, or FS items do not comply with particular % of shariah compliance, that's y out of the lists and caused the panic.

Back to fundamental, is quite attractive in terms of DY, EBIT multiple n ROIC.

Posted by Chan SauWei > 2016-11-29 17:42 | Report Abuse

Well.. Now starting rebound from 1.44
Good move to closing price 1.47

Posted by jackyle > 2016-11-29 20:59 | Report Abuse

Those bought in 143c was good bargain

Posted by bleuerouge > 2016-11-30 13:32 | Report Abuse

yes, reversal is coming.

Posted by Chan SauWei > 2016-11-30 19:01 | Report Abuse

Support support

Posted by chesslim > 2016-12-02 21:18 | Report Abuse

No people want to sell Luxchem again ?

Posted by Chan SauWei > 2016-12-05 18:04 | Report Abuse

Today got sell 1.45 - 1.46

Posted by bleuerouge > 2016-12-07 10:54 | Report Abuse

still in downtrend zone, oil up, petrochemicals up, luxchem's cost also up.

Posted by jackyle > 2016-12-07 18:25 | Report Abuse

Someone don't want today record as 1.43 during market close purposely bought 900units at 1.47

Posted by bleuerouge > 2016-12-13 16:27 | Report Abuse

waiting 141c

Posted by bluefun > 2016-12-13 19:06 | Report Abuse

attractive DY with good FCF :)

Posted by Doer > 2016-12-14 16:10 | Report Abuse

I have confidence wth Luxchem and their marketing strategies...heard from market they are very competitive in raw materials selling.

Posted by Doer > 2016-12-14 16:21 | Report Abuse

Great competition is main factor to increase market share and penetration. The higher sales volume has proved this point. Although this may reduce their profit ...as compared to economy nowadays, this indeed a good counter with solid sales feedback from market. Now is entry level to hold some to prepare before blooming..

Posted by RainT > 2016-12-15 08:21 | Report Abuse

Fed rate hike 0.25
Crash soon....

Posted by Doer > 2016-12-15 11:46 | Report Abuse

USD hike benefit this counter...

Posted by Kc Choy > 2016-12-20 16:02 | Report Abuse

Why you still sleeping compared to tekguan...

Posted by Chan SauWei > 2016-12-20 23:06 | Report Abuse

I may not Putting so high expectations with next qr result...wish nOt drop so much....