Hi optimusprimeXV and Doer, is that for real? Cuz I thought just sell it when reaches 0.86, I worry it might drop back. Sorry for asking that as Im very new to stock market.
Hi Kahlen88, Luxchem is solid company wit cash rich in hand n potetial to grow. Nothing is guarantee and profit is depend on your study. Indeed market is positive sentiment, Luxchem is good counter. Own risk.
Kahlen88, ya if company financial healthy and profitable in business paying dividend is good reward to shareholders. Thats y i say it is good counter to keep so far...dont forget they bought TM which the company is dealing with those glove big brothers~
Luxchem,good profile company.However,next coming quarter will not so good if compared with last year same quarter.I guess decrease in between of 20 to 30%.Let see how is the performance.
Luxchem is the preferred chemicals supplier for rubber glove players in Malaysia as it offers credit term of 60 days. It's competitors in this specific rubber glove segment like Excelkos, Shin Fong Chemicals, Nantex and Kumho are stricter in its trading term. It is not difficult to gauge the revenue from this segment given that chemical constitutes 6-8% of the COGS of rubber gloves manufacturers.
We have seen the uptrend for listed rubber gloves counters. This upcycle industry is also lifting the raw material requirements for other nitrile rubber gloves manufacturers that are not listed and below the radar of stock market investors.
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optimusprimeXV
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Posted by optimusprimeXV > 2017-12-27 10:26 | Report Abuse
Be patient.. the forces is with us