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.
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.
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.
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. :)
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
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....
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. :)
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.
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....
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.
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.
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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.