Posted by Anaconder > 2020-04-20 10:42 | Report Abuse

Look like just now profit taking taking place, will continue to move up after this

Posted by calvintaneng > 2020-04-20 11:48 | Report Abuse

Welcome Sifu Stockraider

Posted by paperplane > 2020-04-20 11:50 | Report Abuse

luxchem sui sui loh

Posted by Anaconder > 2020-04-20 12:11 | Report Abuse

No power leh!

Posted by Sansing > 2020-04-20 12:26 | Report Abuse

Just warmed up kut !

Posted by Sansing > 2020-04-20 12:27 | Report Abuse

Must be patient mah!

Posted by fruitcake > 2020-04-20 12:46 | Report Abuse

DREAM DREAM DREAM

Posted by calvintaneng > 2020-04-20 13:12 | Report Abuse

US crude falls below US$15 a barrel, down about 20pct


https://www.nst.com.my/business/2020/04/585825/us-crude-falls-below-us15-barrel-down-about-20pct


This is very good for LUXCHEM as it feed cost will save lots of money


SURE INCREASE BY BIG MARGIN IN PROFIT

Posted by sandrakkc > 2020-04-20 13:21 | Report Abuse

Many thanks Calvin

Posted by Sansing > 2020-04-21 09:38 | Report Abuse

Start to move loh ! Buy quick

Posted by Anaconder > 2020-04-21 10:07 | Report Abuse

Engine just started, still not late to buy .

Posted by calvintaneng > 2020-04-21 10:22 | Report Abuse

Yes watch Comfort glove and rubberex
As long as they move up Luxchem will follow behind

Glove bull theme should last as long as coronavirus lasts

At least 6 months to 18 months strong bull run for Glove stocks and Luxchem possible

Posted by Lee Kok Wee > 2020-04-21 10:25 | Report Abuse

Pls refer below news . good news to Luxchem .

https://www.investing.com/news/commodities-news/breaking--us-crude-for-may-plunges-below-2-per-barrel-2145434

Posted by StarLightMe > 2020-04-21 10:25 | Report Abuse

Currently people goreng Comfort like crazy....wont it be little risky to enter now?

Posted by calvintaneng > 2020-04-21 10:36 | Report Abuse

If people dared to chase dayang (Calvin buy call at only 68 sen) to Rm2.95 without fear (dayang the wayang gave no dividend) Rock solid Luxchem now still very undemanding at such conservative price

2 very favourable winds on our side

1. Explosive rise of real demand by coronavirus
This is real life and still unfolding

2. Collapse of crude to lowest in 150 years
This will cut feedcost for Luxchem like never before

Luxchem got one atomic bomb power of demand . And it has thermo nuclear power of very very low cost in feedstock

Posted by Anaconder > 2020-04-21 10:42 | Report Abuse

Must take up stock lol!

Posted by Anaconder > 2020-04-21 10:43 | Report Abuse

No contra pls.

Posted by Anaconder > 2020-04-21 10:57 | Report Abuse

Operators flushed out the kaki contra now

Posted by fruitcake > 2020-04-21 11:07 | Report Abuse

HOLLAN

Posted by Anaconder > 2020-04-21 11:07 | Report Abuse

Now I think is the right time to buy for those have not buy

Posted by limitupupup > 2020-04-21 11:12 | Report Abuse

opps holland is the only destination

Posted by StarLightMe > 2020-04-21 11:19 | Report Abuse

anyway, this is a potential company for long term investment...if you are investor you look further...only trader will affected and bising

Posted by Philip ( Random Walk Theorist) > 2020-04-21 11:21 | Report Abuse

Sell LUXCHEM buy NETX

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-03-25...

Already loaded up NFCP stocks where to get money to buy LUXCHEM


NFCP stocks still underwater....

https://klse.i3investor.com/servlets/pfs/131750.jsp

CALVINTANENGYEE YOU WANT US TO SELL NETX AND BUY LUXCHEM? WE ALREADY LOSS MONEY AND LOADED UP ON NFCP STOCKS LEH... HOW NOW?

Posted by Bursa1199 > 2020-04-21 11:34 | Report Abuse

Ya, still making losses in NETX, and this Luxchem has already up a lot from 0.375.

Posted by Anaconder > 2020-04-21 11:42 | Report Abuse

Operators eat enough can move up now

Posted by Anaconder > 2020-04-21 11:47 | Report Abuse

Afternoon sure green

Posted by Cmhoon > 2020-04-21 20:22 | Report Abuse

Luxchem is from 0.10 in 2008 gradually up to 0.83 in Sept’2017 , uptrend cycle is over ..

No margin of safety with NTA RM 0.34

Posted by calvintaneng > 2020-04-21 20:42 | Report Abuse

May oil future crashed yestrrday. Crude oil crashed to negative yesterday because storage space ran out.

Netx month future will see the same as the world is still awash in oil

Very beneficial to Luxchem as it's cost of sale being 88% of revenue will now ease further and translate into higher profit

Posted by thenextwave > 2020-04-21 20:42 | Report Abuse

hopeless counter

Posted by calvintaneng > 2020-04-21 20:45 | Report Abuse

And while all glove companies are ramping up production demand for rubber and nitrile resin will increase further

Luxchem factories in Melaka still has 35% extra capacity while it's perak factory has another 20% extra capacity for upcoming demand

Posted by chamlo > 2020-04-21 20:49 | Report Abuse

No wonder down. Wait 34 sen safer.

Posted by Cmhoon > Apr 21, 2020 8:22 PM | Report Abuse

Luxchem is from 0.10 in 2008 gradually up to 0.83 in Sept’2017 , uptrend cycle is over ..
No margin of safety with NTA RM 0.34

Posted by Cmhoon > 2020-04-21 21:58 | Report Abuse

There are mitigating circumstances to these insane numbers. The prices for WTI reflect the contract for May, which expires this week. The collapse is a reflection of traders abandoning the May contract, and moving on to June. The thinly-traded May contract loses some relevance, and analysts say that the June contract – trading at $20 per barrel as of Monday – now becomes the important number to watch.

Nevertheless, it is hard to ignore the historic numbers flashing across the screen. As futures contracts expire, they tend to converge with the realities of the physical market. Prices went negative because the physical market in Oklahoma and Texas is so overwhelmed. OPEC+ did agree to historic production cuts, but not for April. In any event, the cuts pale in comparison to the decline in demand. But taken together, the effects of the price war on the supply side are colliding against the depths of demand destruction at the same time.

The result is really ugly. Nobody wants physical delivery of WTI for May, and with storage options dwindling in some places, traders liquidated their positions, selling contracts at crazy discounts. With the contract expiring on Tuesday, nobody wanted to be left holding the bag. Unable to actually accept physical delivery, traders ended up paying someone to take oil off of their hands. Surely, some fascinating reportage will be written about the last guy that got stuck with an unwanted May contract.

Posted by Johnchew5 > 2020-04-21 22:12 |

Post removed.Why?

Posted by calvintaneng > 2020-04-22 00:54 | Report Abuse

Chamlo

I think chamlo applies to you when you say Luxchem with Nta of 34 sen has no margin of safety

Now go do a comparison

Luxchem price is 50 sen with Nta of 34 sen

Topglove price is Rm6.50 with Nta of Rm1.01

Hartalega price is Rm7.25 with Nta only 73 sen

Price to Book Value Luxchem is superior

More than that

If Luxchem assets are revalued it's Nta will be very much higher

Posted by calvintaneng > 2020-04-22 01:00 | Report Abuse

And to Cmhoon who said

Uptrend cycle is over is a totally wrong deduction

Luxchem is now in a power reversal uptrend due to huge demand from all glove companies running 24/7

Uptrend profit will also accelerate due to such cheap oil like never before since it started it's business

Double booster uptrend if you can see

From ever increasing demand and huge saving on cost

Cost of sales was 88%

Now cost will come down considerably

Double dose of good news for Luxchem

Posted by Gemini > 2020-04-22 01:50 | Report Abuse

I agree

Posted by Shootup > 2020-04-22 05:33 | Report Abuse

Mr calvin, pls do heed our comments in netx side, as u pay very little care for it recently

Posted by Shootup > 2020-04-22 05:38 | Report Abuse

U cant be like letting go of netx jus like tat, thanks

Posted by Shootup > 2020-04-22 05:45 | Report Abuse

If time is not a problem for u, pls do cover scomies as well

Its been over 2weeks u dint give a word in scomies side, while a lot had happened to oil price, but still fall short of ur decision, so far not hearing sell call fr u

Im sorry to disturb u here

Posted by Johnchew5 > 2020-04-22 05:52 | Report Abuse

See the kon show with Raider in insas wb just for 5000 .

Posted by Cmhoon > 2020-04-22 07:03 | Report Abuse

SMA 10 , SMA 30 , SMA 50 is weak indicating SELL ....

Revenue contribution: Trading 70 % , Manufacturing 30 % , Trading is affected by covid-19 pandemic.

Posted by BaconGuest > 2020-04-22 08:48 | Report Abuse

temporary see pullback should take profits now

Bollinger Band: Bearish Upper Bollinger Band Resistance Short
Bollinger Band: High Above Upper Bollinger Band Neutral
Candlestick: Bearish Harami Short
Bearish: Harami
MACD: Overbought Short
Volume: 10 Days large value Sell Down trade Short
Volume: 5 Days large value Sell Down trade Short
Williams %R: Bearish Williams %R Short

Posted by calvintaneng > 2020-04-22 10:01 | Report Abuse

Welcome all here

First of all Calvin confess again

I am am very happy in the Top 30 holders of Netx

Netx will be a marathon 5 year bull run THEMATIC PLAY due to NFCP Fiberisation thrust ...

For now I am here in LUXCHEM because it is in a 4x4 400 meter relay run in the stadium

As long as Topglove, Hartalega, Supermax and Comfort Gloves keep running upward LUXCHEM will benefit and ride on their UPSIDE KAW KAW


CALVIN AND FRIENDS WILL MAKE LOTS OF PROFITS AND THEN PLOUGH BACK INTO NFCP STOCKS LIKE NETX, OPCOM AND REDTONE LATER

Regards
Calvin Tan

Posted by Cmhoon > 2020-04-22 10:06 | Report Abuse

Comfort , Top Glove , Supermax , Hartalega revenue are up between 20 % to 35 % for the last 2 years .

Luxchem revenue is up from RM 807 million in FY17 to 814 million in FY18 , then reduced to 765 million in FY19 .

Luxchem share price is down from RM 0.83 at Sept’2017 to 0.64 at Sept’ 2018 , to 0.48 at Sept’2019 .

After 10 years of uptrend price gradually up from RM 0.10 to peak price 0.83 at Sept’2017 , become downtrend for the last 2 years .

Posted by Johnchew5 > 2020-04-22 10:15 | Report Abuse

Why not in Netx Top 30 list ?

Posted by Johnchew5 > 2020-04-22 10:20 | Report Abuse

Ho ho cmhoon your comparison company list is same as Calvin .

Posted by calvintaneng > 2020-04-22 10:28 | Report Abuse

Posted by Cmhoon > Apr 22, 2020 10:06 AM | Report Abuse

Comfort , Top Glove , Supermax , Hartalega revenue are up between 20 % to 35 % for the last 2 years .

Luxchem revenue is up from RM 807 million in FY17 to 814 million in FY18 , then reduced to 765 million in FY19 .

Luxchem share price is down from RM 0.83 at Sept’2017 to 0.64 at Sept’ 2018 , to 0.48 at Sept’2019 .

After 10 years of uptrend price gradually up from RM 0.10 to peak price 0.83 at Sept’2017 , become downtrend for the last 2 years .


LET CALVIN EXPLAIN

All gloves company directly produce gloves while LUXCHEM's exposure to Glove is 20% to 30% thru its sale of Latex resin & nitrile resin

So LUXCHEM is at the back seat in ordinary time when the engine hum along slowly

BUT THE EMERGENCY OF DEMAND FOR GLOVES HAVE SKYROCKETED DUE TO WORLD WIDE CORONAVIRUS!

SO DEMAND NOW AMPLIFIED

Just like a Turbo Charged Car Will TRIGGER & ACTIVATE ITS "TURBO" WHEN IT CROSSES CERTAIN SPEED SO THE TRIGGER FOR DEMAND WILL BE THE "GAME CHANGER" FOR LUXCHEM

IN TURBO MODE LUXCHEM CAN RAMP UP PRODUCTION FOR GLOVES' CHEMICALS THRU ITS EXTRA 20% CAPACITY IN PERAK FACTORY & ANOTHER 35% CAPACTY THRU ITS MELAKA FACTORY

SO SEE AHEAD OF TIME

THE RESULTS OF LUXCHEM WILL BE VERY DIFFERENT FROM NOW

TOPGLOVE GOING INTO 24/7 WILL KNOCK ON LUXCHEM DOORS MORE OFTEN

HARTALEGA INCREASED PRICES BY UP TO 5% WILL HELP LUXCHEM TO RAISE ITS PRICES

SUPERMAX & COMFORT WILL GET MORE MATERIAL FROM LUXCHEM AS WELL AS ALL OTHER GLOVE COMPANIES

ALL THE TURBO ENGINES ARE ALL FIRING UP

HOW COULD ANYONE MISS?

Posted by Shootup > 2020-04-22 11:15 |

Post removed.Why?

Posted by calvintaneng > 2020-04-22 11:43 | Report Abuse

Scomies?
O yes I only told closest whataspp buddies what to do with Scomies

So keep that a secret till when I ready to post there again

As for now Luxchem going into Turbo mode

Posted by Cmhoon > 2020-04-22 11:46 | Report Abuse

Thursday, 19 Mar 2020

KUALA LUMPUR: Top Glove Corp Bhd

's sales order book has doubled following the rapid spread of Covid-19 across continents as orders stream in from countries affected by the pandemic.

It added that current utilisation levels were above 90% but is able to further ramp up production to nearly 100% to meet the surge in demand .

While the nitrile glove segment saw a 14% increase in sales volume over the comparative quarter, contribution from natural rubber gloves declined 6% due to a 19% surge in natural rubber latex concentrate prices.

The corresponding increase in average selling prices was not sufficient to offset the price increase, said Top Glove.