EPF become top 30 shareholder as in today annual report LIST OF TOP 30 HOLDERS AS AT 9 MARCH 2018 Without aggregating securities from different securites accounts belonging to the same registered holder No Holder Name Shares Held Percentage 1 CHEMPLEX RESOURCES SDN. BHD. 411,420,000 48.648 2 CHOW CHENG MOEY 68,932,200 8.150 3 TANG CHII SHYAN 14,434,800 1.706 4 CITIGROUP NOMINEES (TEMPATAN) SDN BHD EMPLOYEES PROVIDENT FUND BOARD 13,597,500 1.607
KUALA LUMPUR (May 7): Industrial chemical distributor Luxchem Corp Bhd is targeting a 10% year-on-year revenue increase for the current financial year ending Dec 31, 2018 (FY18) as the group contends with foreign exchange fluctuation and higher crude oil prices.
Luxchem managing director cum chief executive officer Tang Ying See said fluctuation in foreign exchange rates will remain a key factor deciding Luxchem's future performance. This is because the company's purchases and exports are mainly denominated in US dollars.
He said higher crude oil prices are expected to hike Luxchem's raw material cost, which could be passed through to customers. "Orders are done on the basis of monthly negotiations," Tang told reporters after Luxchem's annual general meeting here today.
"We have potential, it's just other variables such as competition and market scenario. But at least, we have capacity to achieve that [growth], we think this year should be better than last year, barring unforeseen circumstances," he said.
For FY17, Luxchem reported a lower net profit at RM40.75 million compared to RM43.5 million a year earlier. Revenue rose to RM806.68 million from RM701.55 million, the company said.
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