Posted by DickyMe2 > 2020-02-13 09:37 | Report Abuse

yah gah?

Posted by tah16600 > 2020-02-13 09:41 | Report Abuse

Lai leow loh!

Posted by Panorama1 > 2020-02-13 10:03 | Report Abuse

This trial Vaccine ( just like “Remdesir”) as a hedge to Covid-19 will be the best penny stock exposure to the glove sector as I said earlier.

Posted by tanflash1314 > 2020-02-13 10:34 | Report Abuse

Skyrocketed, foundation built up at 0.500. Flight taking off. Otw to RM1.

Posted by Panorama1 > 2020-02-13 11:53 | Report Abuse

Caveat : I bought loads of Luxchem at 0.515.

Posted by Panorama1 > 2020-02-13 12:09 | Report Abuse

“Vaccine” term is just a joke as I have always been using the term “Tri-Vaccine” as my maximum investment/exposure in SuperMax , TopGlove & BAT at the onset of Covid-19. Luxchem as an additional hedge due to the evolving Covid-19 and a Cash rich penny stock @ 0.515 . Also, mainly due to glove sector related as big suppliers to TopGlove & Kossan.

Posted by DickyMe2 > 2020-02-13 12:10 | Report Abuse

" Posted by tanflash1314 > Feb 13, 2020 10:34 AM | Report Abuse
Skyrocketed, foundation built up at 0.500. Flight taking off. Otw to RM1."

Don't bullshit!

Posted by Panorama1 > 2020-02-13 13:10 | Report Abuse

For LuxChem, no worries. Stay invested. This QR to be announced this month is a non event as it is prior to the impact from Covid-19. QRs to be announced in May, August & November are the ones worth watching that will propel it to greater heights :-)

Posted by DickyMe2 > 2020-02-14 09:14 | Report Abuse

yah gah?

Posted by Patrick13 > 2020-02-14 12:47 | Report Abuse

By RHB Research

Buy (maintained)

Target price: RM0.59

Luxchem Corp is expected to issue its FY19 results by the end of this month.

The company has been experiencing higher demand recently from the glove manufacturing sector due to the coronavirus outbreak.

RHB Research forecasts Luxchem to register an FY19 profit after tax and minority interest (Patami) of RM38.9mil, a slight improvement from the RM38mil recorded in the previous year.

This figure in the first nine months of 2019 stood at RM28.1mil.

The coronavirus outbreak has seen the company receiving higher purchase orders from its glove-making clients.

However, as the situation is still evolving – particularly in terms of the possible duration of the outbreak, which varies amongst the experts – RHB Research is keeping its FY20 forecasts, pending a post results meeting with management.

“We understand that Luxchem’s manufacturing arm, Transform Master, completed its plant expansion at the end of 2019 – this was according to schedule.

“The expanded facility can now handle 18,000 tonnes per annum (tpa) from 13,800 tpa previously, ” the research house said.

Recall that Transform Master was acquired in 2016.

At the time of acquisition, it had a manufacturing capacity of 9,600 tpa.

RHB Research maintains its buy call target price for Luxchem, which is based on an unchanged 13 times FY20 price-earnings ratio (PE) on an earnings per share (EPS) of 4.5 sen

Luxchem’s stock has experienced increased market followings in the past three weeks as a thematic play.

This is arising from the coronavirus outbreak, given its exposure to the gloves sector.

Interest may sustain should the outbreak’s peak be delayed.

Posted by Kakitapau > 2020-02-16 00:01 | Report Abuse

Gear 3 On

https://youtu.be/BKDFbHDaNJI

Posted by Panorama1 > 2020-02-16 09:44 | Report Abuse

https://youtu.be/lSzicTKssgg
Corporate Video

Posted by tanflash1314 > 2020-02-17 10:10 | Report Abuse

That was 2018 Panaroma.
Just keep buying nw. Otw to Rm2 instead of Rm1.

Posted by Panorama1 > 2020-02-17 12:09 | Report Abuse

I know. Background Corporate Video for newbies. My position already maximum for exposure to a single counter @ 0.515 :-)
What RM2 ? I am more than happy with 0.80-1 !

Posted by Panorama1 > 2020-02-17 13:32 | Report Abuse

https://www.klsescreener.com/v2/announcements/view/3109044
Good QR & Dividend for period prior to Covid-19.
Looking forward to even better QR for FY2020. Watch the QR1 FY2020 to be announced in May 2020 with the positive impact from Covid-19 :-)

Posted by Patrick13 > 2020-02-17 13:33 | Report Abuse

Good result within expectation and 1.25 sen dividend declared.
I like the free cash flow is strong. As capex requirement is low, may expect more generous dividend in the next 1-2 years.

Posted by Panorama1 > 2020-02-17 13:41 | Report Abuse

Strong Balance Sheet. Cash position has increased further from RM107m to RM126m in this challenging and turbulent economic period of 2020. In addition, LuxChem in a glove related sector that is positive due to the evolving Covid-19. I am glad I have the first mover advantage by panic buying and maximizing my investment @ 0.515 on 5/2. QR 2019 lower trading sales was mainly due to the protracted US-China trade war that impacted most Companies.

Posted by lkoky > 2020-02-17 14:27 | Report Abuse

dividend yield <2.5%

Posted by Panorama1 > 2020-02-17 14:38 | Report Abuse

Annual Dividend yield nearing 5% based on ~ 0.50 entry price. Profitability & dividend rate (Special Dividend ?) expected to be even higher in 2020 arising from the positive impact of Covid-19 in this environment of low FD interest rate.

Posted by zhangliang > 2020-02-18 12:01 | Report Abuse

finally running!

Posted by Panorama1 > 2020-02-18 12:02 | Report Abuse

0.545 is still good entry point for those that have yet to Buy :-)

Posted by Panorama1 > 2020-02-18 12:17 | Report Abuse

Time & Tide Waits For No Man. Go with the flow & do not bother to fight the opposing Tide.

Posted by tanflash1314 > 2020-02-18 16:33 | Report Abuse

Did I say otw to Rm2.0?

Posted by DickyMe2 > 2020-02-19 10:23 |

Post removed.Why?

Posted by DickyMe2 > 2020-02-19 10:57 | Report Abuse

"
tanflash1314 Did I say otw to Rm2.0?
18/02/2020 4:33 PM"

tanflash1314 That was 2018 Panaroma.
Just keep buying nw. Otw to Rm2 instead of Rm1. <<<<<<<<
17/02/2020 10:10 AM <<<<<<<<<

Posted by DickyMe2 > 2020-02-20 10:02 | Report Abuse

"Entitlement Date and Time: 20/04/2020 04:30 PM "
Why entitlement date so far away?

Posted by 東风 > 2020-02-20 11:39 | Report Abuse

Need to find money to pay dividen

Posted by Panorama1 > 2020-02-20 12:26 | Report Abuse

Luxchem has ample cash to pay dividend since RM132m in Cash/Bank as at 31/12/2019 based on the latest QR. Their borrowings (positive gearing) of RM60m plus solely as natural hedging in Rupiah and excellent Treasury Management. Hopefully, with a projected good QR1 2020, we look forward to an increased in annual dividend plus Special Dividend in FY 2020 :-)

Posted by tanflash1314 > 2020-02-20 19:02 | Report Abuse

@DickyMe2 Because going to wash 1 more round before reli hike up.

Posted by DickyMe2 > 2020-02-20 19:04 | Report Abuse

"Posted by tanflash1314 > Feb 20, 2020 7:02 PM | Report Abuse
@DickyMe2 Because going to wash 1 more round before reli hike up."

Well, hope it does.

Posted by 東风 > 2020-02-28 12:21 | Report Abuse

Oh wash until .49

Posted by 東风 > 2020-02-28 12:21 | Report Abuse

Pengsan

Posted by tanflash1314 > 2020-03-03 23:40 | Report Abuse

is alright. i hope it wash somemore. lol. i still topping up.

Posted by Endgame > 2020-03-05 08:38 | Report Abuse

Any reason this company is related to Covid19 theme play?

Posted by roger3210 > 2020-03-05 09:53 | Report Abuse

The emerging trend in the industry is favourable to Luxchem Corp Bhd, which supplies nitrile (synthetic latex) to glove producers, such as Hartalega Holdings Bhd, Top Glove, Supermax, and Kossan Rubber Industries Bhd.

https://www.theedgemarkets.com/article/luxchem-rides-high-latex-prices

This explain why luxchem related to Covid19 theme play.

Posted by roger3210 > 2020-03-06 11:42 | Report Abuse

lol, stncws talk like an idiot. Only his ekovest keep sinking non stop

Posted by Endgame > 2020-03-06 12:47 | Report Abuse

Wah... Yahoo

Posted by Endgame > 2020-03-06 15:50 | Report Abuse

Better i take profit first as we don't know what will happen next week

Posted by soon9913 > 2020-03-08 22:11 | Report Abuse

glove counters will be bullish in the next few months.

Posted by soon9913 > 2020-03-08 22:11 | Report Abuse

why so fast lock profit and it is not much

Posted by tah16600 > 2020-03-11 09:31 | Report Abuse

Buy now ,in 2 months time got dividend, how nice

Posted by tah16600 > 2020-03-11 09:39 | Report Abuse

Unnoticed gem to be ponder --related to gloves industries

Posted by ImCK > 2020-03-12 23:49 | Report Abuse

are you ready luxchem ? glove booming

Posted by Endgame > 2020-03-13 08:49 | Report Abuse

Better cut...

Posted by tanflash1314 > 2020-03-13 13:24 | Report Abuse

I dont have Bullets ald. Around 500k into this stocks with paper loss 120k.

Omg..

Posted by tanflash1314 > 2020-03-13 13:24 | Report Abuse

I am not confident ald..

Posted by Sam Chong > 2020-03-13 16:35 | Report Abuse

Then u May sell it, me too scaring now and start selling

Posted by Matcha Green Tea > 2020-03-15 19:19 | Report Abuse

Why simply cut when you should have confidence in this stock? Assuming you are right you have entry price 0.59.

There is a dividend coming in. If you don't need the money right away why not have a look at the upcoming qr or wait even the next qr?

Posted by longinvest > 2020-03-17 11:51 | Report Abuse

looks like selling pressure less...now may be reversing loss in progress....

Posted by tanflash1314 > 2020-03-19 01:25 | Report Abuse

Endgame is rite. Bt I dint cut. Losses up to 40%