Posted by Doer > 2017-05-19 16:17 | Report Abuse

if management clever enuf, so they will buy more buffer stocks before increase. Selling high when cost up later...tats the games for trader.

Posted by resilient911 > 2017-05-19 21:26 | Report Abuse

as i know most of the company company will register an company to trade at different currency especially for the trading based company. e.g if USD appreciate, they will use USD to pull in stock, if Pounds appreciate then use Pounds. they will try to balancing to avoid price hike to their customer in order to be more competetive.

Posted by zexon > 2017-05-19 22:28 | Report Abuse

To answer Albukhary's question. Luxchem is able to pass additional cost to customers.

To answer resilient911's question. 10 percent strengthening of USD will contribute additional 1.5 million for Luxchem, which is insignificant to Luxchem if comparing to their earning power nowadays.

Posted by resilient911 > 2017-05-19 23:37 | Report Abuse

yes. you are right. Thanks for the info.

In 2015, USD appreciate from 3.51 (lowest in 2015) to 4.29 (22.2%) which brought a FX gain 2,164,284.

In 2016, USD appreciate from 3.90 (lowest in 2016) to 4.48 (14.8%) which brought a FX gain 1,518,777.

maybe we can consider every 1% strengthen or weakening affect 100k on gain loss FX.

With 43.49 million profit versus 1.51 million FX gain in 2016, merely 3.5% FX gain is insignificant as your say.

p/s: May be we can conclude FX gain or loss is insignificant to trading based company like Luxchem.

Posted by Doer > 2017-05-24 12:05 | Report Abuse

can I enter now? Heard 2.00 is coming due to company expansion and good management...

Posted by resilient911 > 2017-05-25 16:09 | Report Abuse

i dont know everybody get prepared for your target price… :)

Posted by Doer > 2017-05-26 16:13 | Report Abuse

unreasonable drop?

Posted by samsambank > 2017-05-27 00:32 | Report Abuse

Mid and Small Cap Research Scheme to cover 300 companies eventually http://m.thesundaily.my/node/448290

Posted by villan33 > 2017-05-29 16:11 | Report Abuse

luxchem only counter rated 10 (strongest buy) under birsamid coverange

Posted by Doer > 2017-05-31 14:52 | Report Abuse

seem engine is starting...when turbo going to on?

Posted by Doer > 2017-05-31 15:17 | Report Abuse

Buckle seat beat first before it accelerates suddenly...

Posted by Doer > 2017-06-08 15:27 | Report Abuse

1.90-2.00 is coming...

Posted by Patrick13 > 2017-06-10 11:32 | Report Abuse

http://www.thestar.com.my/business/business-news/2017/06/10/chemical-companies-riding-high/

Posted by notebook > 2017-06-13 13:03 | Report Abuse

Luxchem is adopting a wait-and-see approach for this segment as it sees further competition in the market. Based on the Malaysian Investment Development Authority website, Eternal Materials Co Ltd, a Taiwanese synthetic polymer manufacturer, is investing US$70 million (RM284.2 million) to set up a manufacturing facility in the Tanjung Langsat Industrial Complex, Johor.

Posted by notebook > 2017-06-13 13:03 | Report Abuse

price war is coming

Posted by Doer > 2017-06-13 15:23 | Report Abuse

i believe they r alert n oways cautious in management. Hope Luxchem sails higher

Posted by Isaac320 > 2017-06-13 15:32 | Report Abuse

doer,u dun believe your findings?

Posted by Doer > 2017-06-13 17:49 | Report Abuse

wat finding?

Posted by Ivan89 > 2017-06-13 17:52 | Report Abuse

Still undervalue

Posted by VISS > 2017-06-15 09:31 | Report Abuse

why sudden price pushing up ? Any good news ?

Posted by enning22 > 2017-06-15 09:39 | Report Abuse

making solid footing in Indo and Vietnam markets , plenty of room for expansion

Posted by ginvin > 2017-06-15 09:49 | Report Abuse

pple start buying this undervalue stock ^^D

Posted by Isaac320 > 2017-06-15 10:07 | Report Abuse

Doer, if you study the company you'll know their business is not doing synthetic polymer. if u really study the company carefully u'll know they are expanding since 3 quarters ago. You should put more attention on quarter report and annual report, so that when people yelling, you know the company direction bear in your mind. :)

Posted by Patrick13 > 2017-06-15 10:24 | Report Abuse

https://klse.i3investor.com/blogs/kenangaresearch/125439.jsp

Posted by Lightbulk > 2017-06-15 11:55 | Report Abuse

Ya I bought due to kenanga research as well. Lol

Posted by liliz > 2017-06-15 11:59 | Report Abuse

Kenanga gave TP 2.30

Posted by Chan SauWei > 2017-06-15 14:12 | Report Abuse

It's old news just market don't buy it in early... Now only start to chase...
I have sold 75% with profit 1St.... Think will buy back while price in correction period

Posted by Chan SauWei > 2017-06-15 14:18 | Report Abuse

Remember always buy in low price ...now it's good time to sell out

Posted by Doer > 2017-06-15 15:47 | Report Abuse

wow...cash out some!!! got Raya angpao liao... continue fly Luxchem fly...

Posted by Doer > 2017-06-15 15:52 | Report Abuse

Luxchem is doing synthetic polymal named Polymal with plant located at Malacca. But Polymal is not the main contribution to its profit. It involved in trading industrial chemicals mainly commodities. Now TM playing it's main role to generate remarkable profit to the company....

Posted by Doer > 2017-06-15 15:54 | Report Abuse

Isaac320, pls surf Luxchem website to know more about their selling items. www.luxchem.com.my

Posted by Isaac320 > 2017-06-15 16:17 | Report Abuse

so now you just do your homework?

Posted by Doer > 2017-06-15 16:29 | Report Abuse

thx for Ur advice.

Posted by Isaac320 > 2017-06-15 16:36 | Report Abuse

variety of selling item doesn't mean that it will be the hot item to sell or bring a major profit. so again i'm asking you when people yelling bout competitor of synthetic polymer, why you will doubt with hoping?company website will just show u their products, but cash flow and asset/liabilities are not shown from company website.i duno how did u keep track on the company. maybe you can share ur knowledge with us. :)

Posted by Doer > 2017-06-15 19:56 | Report Abuse

it's ok. just intuition. thx.

Posted by Patrick13 > 2017-06-16 09:14 | Report Abuse

After I recalculated including TMSB and LPI additional capacity, the fair value (with PE 12x) is quite close to Kenanga TP of 2.30. And now share price is 2, still have 15% upside gain.

Posted by Doer > 2017-06-16 09:43 | Report Abuse

morning, strong boost... Congratulations to all holders!

Posted by resilient911 > 2017-06-16 09:44 | Report Abuse

chan sau wei, we should maintain keep the to meet target price 2.50 (PE 14) at least. it will be go up higher than kenanga target instead.

Posted by Chan SauWei > 2017-06-16 14:28 | Report Abuse

Ya agreed to 2.50 with pe15...but it's no so healthy if price shoot to fast in short period within a week...I prefer growth slowly and steadily...so I chose to take some profit 1st....

Posted by Chan SauWei > 2017-06-16 14:30 | Report Abuse

I will be back soon (still left 20% luxchem in portfolio)
Enjoy the investing

Posted by resilient911 > 2017-06-16 22:26 | Report Abuse

http://www.theedgemarkets.com/article/lotte-chemical-returns-bursa-malaysia-sets-ipo-price-rm8-share



The chemical firm's IPO price is pegged to a historical price-earnings ratio of 14.25 times, which is slightly higher than its comparable peers that average between 4.73 times and 13.7 times.

Posted by enning22 > 2017-06-17 01:41 | Report Abuse

not all chemicals are alike, neither do the companies.

Posted by Doer > 2017-06-20 20:44 | Report Abuse

can it breakthru what Kenanga target 2.30? Since company in boost state...make it above 2.50!!!

Posted by resilient911 > 2017-06-22 11:07 | Report Abuse

upside proceding…

Posted by enning22 > 2017-06-22 12:20 | Report Abuse

to reach to those price target , it depends very much on the growth of business in respective markets in indo and Vietnam,i would say highly probable.but currently slide in crude oil , we may face a correction phase.

Posted by Doer > 2017-06-22 15:54 | Report Abuse

yes agree...

Posted by resilient911 > 2017-06-22 16:00 | Report Abuse

maybe is not correction phase but collection phase instead…

Posted by resilient911 > 2017-06-22 23:10 | Report Abuse

no way to go already, have to go up.

Posted by enning22 > 2017-06-23 12:21 | Report Abuse

2nd quarter result would tell, reaffirm the Indo and Vietnam markets really on expanding mode, if so, would fly.

Posted by pap9163 > 2017-06-29 09:16 | Report Abuse

Up 9cts!,any good news?