Posted by anthonywml82 > 2020-05-13 19:53 | Report Abuse

Health Director-General Datuk Dr Noor Hisham Abdullah warns that Malaysia could be looking at a second wave of Covid-19 infections in mid-June.


At the daily Covid-19 briefing today, he explained that the Health Ministry’s National Institute of Health (NIH) can predict the outcomes of Covid-19 cases for the next two to four weeks based on the adherence to social distancing today.

Posted by Tan2435 > 2020-05-13 20:46 | Report Abuse

DICKY MATI PUCUK!!!

Posted by Tan2435 > 2020-05-13 20:50 | Report Abuse

DICKY MATI PUCUK!!!!!

Posted by Tan2435 > 2020-05-13 20:54 | Report Abuse

DICKY MATI PUCUK

Posted by tanflash1314 > 2020-05-13 21:15 | Report Abuse

Dicky is shark spy. Come here asking ppl to sell off their Luxchem shares.

Posted by tanflash1314 > 2020-05-13 21:16 | Report Abuse

His own 2020 portfolio holding Luxchem but keep saying bad on Luxchem. What's the reason??

Posted by DickyMe > 2020-05-13 21:17 | Report Abuse

That portfolio is for fun sake sake. Virtual money!

Posted by Tan2435 > 2020-05-13 21:18 | Report Abuse

DICKY MATI PUCUK

Posted by Tan2435 > 2020-05-13 21:19 | Report Abuse

Divky mati pucuk !!!!!

Posted by karen koh > 2020-05-13 21:28 | Report Abuse

the director is disposed 100,000 share is anything wrong???

Posted by tanflash1314 > 2020-05-13 21:57 | Report Abuse

Virtual money also means u're looking good at Luxchem. Why are u keep saying Luxchem's bads.

Posted by tanflash1314 > 2020-05-13 22:01 | Report Abuse

I sure that you yourself holding alot of Luxchem Shares.
Luxchem is lagged behind alot of stocks. I would say the engine just started.
Uptrending Phase 1 only. TP would probably can be high as RM0.8 RM1.2 RM1.6.
If market is crazy enough it is heading towards RM1.6 definitely.

Posted by DickyMe > 2020-05-13 22:04 | Report Abuse

When did I say bad about Luxchem?
I am only referring to price action, if you cared to scrutines.

Posted by Tan2435 > 2020-05-13 22:05 | Report Abuse

Dicky mati pucuk n be pondan. Kikiki

Posted by probability > 2020-05-13 22:06 | Report Abuse

http://ctyap.blogspot.com/2014/03/luxchem-corporation-luxchem-analysis.html

The group is leaded by the group's CEO, Mr Tang Ying See who is also the founder of the company. Along with his spouse, they're holding around 52% in Luxchem Corp. He has approximate 35 years of experience in industrial chemicals industry. But the bad thing is he is such a low profile person. Hardly find any news or articles regarding the company and its prospects. Apart from that, the chairman, Dato Haji Mokhtar bin Haji Samad is also the non executive chairman of Kosssan Rubber Industry. In addition, one of the substantial shareholders of Luxchem Corp, Chow Cheng Moey is the spouse of Lim Kuang Sia who is the managing director/ CEO of Kossan Rubber Industry. Thus, I think the relationship between the top management of Luxchem and Kossan will at least yield a synergy effect between the two companies.

Posted by BERKSHIRE > 2020-05-13 22:06 | Report Abuse

That director need pocket money also mah, 100k shares only RM7xxxx, he bought total 150k shares at 16, 19 March, now sell it at higher price now. It doesn’t affect much for his total holdings. Also, the director only hold a very small portion (0.517%) of the company total shares issued. So we can assume that his actions just to make coffee money, and may trying to frighten retailers.

Posted by DickyMe > 2020-05-13 22:08 | Report Abuse

I am holding LUX since 2015 and still do...
Although I hold LUX that does not mean I must praise it.

Posted by Tan2435 > 2020-05-13 22:10 | Report Abuse

DICKY PONFAN N MATI PUCUK. KIKIKI

Posted by shadowz > 2020-05-13 22:18 | Report Abuse

Judging from the top 3 glove counters movement, this rally will be continue for few more days, with some small hiccups alongside of cos, so Luxchem TP 0.90-1.00 remain intact

Posted by probability > 2020-05-13 22:18 | Report Abuse

TOP REASONS WHY LUXCHEM (5143) COULD BE THE SUPERSTOCK OF THE GLOVE BULL RUN

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-04-18-story-h1506021194-TOP_REASONS_WHY_LUXCHEM_5143_COULD_BE_THE_SUPERSTOCK_OF_THE_GLOVE_BULL_.jsp

LUXCHEM VERSUS COMFORT GLOVES, RUBBEREX, TOP GLOVE, HARTA, SUPERMAX (Compare & contrast)

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-04-17-story-h1506016450-LUXCHEM_VERSUS_COMFORT_GLOVES_RUBBEREX_TOP_GLOVE_HARTA_SUPERMAX_Compare.jsp


LUXCHEM (5143) A 5 STAR RATED STOCK DUE TO TRIPLE FACTORS OF COVID 19, LOW OIL PRICE & PROXY TO ALL GLOVES

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-04-20-story-h1506050113-LUXCHEM_5143_A_5_STAR_RATED_STOCK_DUE_TO_TRIPLE_FACTORS_OF_COVID_19_LOW.jsp

Posted by shadowz > 2020-05-13 22:29 | Report Abuse

Comfort likely to test 2.70, carepls to hit 1.18 again, so what do u think of Luxchem performance tmrw, 0.86 or higher ?

Posted by probability > 2020-05-13 22:38 | Report Abuse

Next Growth Engines of Luxchem

http://skyisthelimitskyisthelimit.blogspot.com/2017/04/next-growth-engines-of-luxchem-part-1.html

The first main growth engine of Luxchem- Acquisition of Transform Master

Who is Transform Master Sdn Bhd?
................................

TMSB is a chemical manufacturing plant who mainly produce rubber latex chemical dispersion, latex processing chemicals, latex surfactant, dispersasant & specialty chemicals for latex industry.

What is the reason behind for Luxchem to acquire Transform Master?
.................................................................

Which I believe Transform Master's main customer, YTY Group is the main driver behind. YTY is the medical glove manufacturer located in Perak and they are in aggressive expansion mode.


Now, YTY Group has further expand their capacity aggressively through their third plant located at Lumut Port too, just next to SapuraEnergy Fabrication yard. There is a huge parcel of land which allows YTY group DOUBLE UP their capacity easily.

I believe their third plant has started production but yet to fully operated. As you can see from photo, the plant is equipped with workers dormitories too. With the uninterrupted water supply in Perak and strategic location beside the Lumut Port, YTY Group is in the right direction to further expand their business globally.

Posted by Bennychua007 > 2020-05-13 22:47 | Report Abuse

This share price average is 0.5 to 0.6 sen base on one year result.
Looks at the price now 0.72 just raise almost 30 percent..
Compare to glove counter, 30 percent is nothing lol.
I still believe the price will up more than rm1 in future soon since the glove demand been increased few hundred percent d .Good luck guys

Posted by FoolsGold > 2020-05-13 22:55 |

Post removed.Why?

Posted by char1234 > 2020-05-13 23:01 | Report Abuse

86 down to 72 ...not good ... tomorrow will likely bled ...left a bit at hand ...I'm not too worried

Posted by FoolsGold > 2020-05-13 23:08 |

Post removed.Why?

Posted by FoolsGold > 2020-05-13 23:12 |

Post removed.Why?

Posted by probability > 2020-05-13 23:58 | Report Abuse

https://www.ytygroup.com.my/

YTY's mission for over 30 years has been to keep frontline employees safe through the manufacture of high-quality, single-use Examination gloves. Our original corporate ethos around quality, service and value continues to drive us today, making us one of the largest and most reliable manufacturers of single-use Examination gloves in the world.

Today, YTY is one of the largest manufacturers of Nitrile Examination gloves, but also a leading supplier of Polychloroprene Examination gloves, which offer unique advantages relative to Nitrile gloves. Beyond single-use Examination gloves, YTY offers single-use Surgical solutions as well, available in both the Polychloroprene and Polyisoprene synthetic polymers.

.....................

YTY Increases Its Medical Glove Donations During the COVID-19 Crisis
Wednesday, April 1, 2020

https://www.ytygroup.com.my/yty-increases-medical-glove-donations-during-the-covid-19-crisis/

Posted by probability > 2020-05-14 00:02 | Report Abuse

“Additionally, we are providing two million medical gloves within Indonesia through our PT Medisafe Technologies subsidiary based in Medan, Indonesia. One million medical gloves have been donated to Pelang Merah Indonesia (PMI), a member organization of the International Federation of the Red Cross & Red Crescent Societies, who will ensure these gloves get distributed to PMI centers across the country. A further one million gloves are being sent to the Government of Indonesia, who has procured them on priority to assist healthcare specialists in Jakarta, the nation’s capital, and in other areas within Indonesia especially hard hit by COVID-19.”

..................

The demand from Indonesia will never end due to Covid 19......

Posted by DickyMe > 2020-05-14 00:36 | Report Abuse

Dividend banked in...Thank you!!

Posted by probability > 2020-05-14 00:52 | Report Abuse

Transform Master (TMSB) - Owned by Luxchem, supplies chemical to gloves industry

http://transformmaster.com.my/v1/

http://transformmaster.com.my/v1/index.php/product-service/latex-compounding-chemicals

We are focusing on rubber latex industry include latex glove, latex toys, latex foam, latex thread, catheter, condoms, finger cots, balloons, latex exercise bands & etc. We also provide OEM service, design formulation for our customer based on customer requirements.

..........

The chemical consumption will be directly proportional to the gloves demand

Posted by FoolsGold > 2020-05-14 05:38 |

Post removed.Why?

Posted by Croxxx > 2020-05-14 08:14 | Report Abuse

Anymore upside for today ?

Posted by mamatede > 2020-05-14 09:07 | Report Abuse

seems like shooting star turns bullish...

Posted by babyinvestor > 2020-05-14 09:20 | Report Abuse

What happened? Not moving anymore

Posted by NiagaUntOngSelalu > 2020-05-14 09:27 | Report Abuse

Makan pagi dulu all those sharks

Posted by mamatede > 2020-05-14 09:50 | Report Abuse

if close in red, bearish ...

Posted by Hui1995 > 2020-05-14 10:22 | Report Abuse

bearish...

Posted by ttluck > 2020-05-14 10:56 | Report Abuse

tambah lagi.....since genting xda buka....kasi gamble je la....haha...

Posted by amateurJR > 2020-05-14 12:20 | Report Abuse

Good counter. Please falls below 0.7

Posted by HT12 Ang > 2020-05-14 12:50 | Report Abuse

Now is time for chasing low !!!

Posted by probability > 2020-05-14 17:49 | Report Abuse

https://research.rhbtradesmart.com/attachments/81/rhb-report-my_luxchem-4qfy19_results-review_20200218_rhb-b-350989118756393355e4b34d840429.pdf

as we expect Luxchem Corp’s trading segment to benefit from higher demand from the glove-making sector – particularly in 1Q20 due
to COVID-19. We also raise P/E to 14x from 13x, as we believe its significant overseas exposure is a plus, given the soft domestic economy.

..........

RHB need to revise the PE looking at gloves stock


Luxchem = 35% (revenue from glove companies) + 65 % others

as such 35% of Luxchem current market cap should trade at PE 50 at least

Required PE = 35% x PE50 + 65% x PE20

= PE 30

as such Luxchem at PE 30, should be trading at PE 30 x 4.2 cents

= 1.26
.......

Posted by StarLightMe > 2020-05-14 17:56 | Report Abuse

It will probably drop back to 0.62 support level before it rebound back

Posted by probability > 2020-05-14 19:13 | Report Abuse

some gloves stocks are having PE70 plus, while every single gloves they make need the specialized chemical from Luxchem

the gloves makers still need to compete among each other , while Luxchem has monopoly power to dictate the price...

Posted by Ravi Kumar > 2020-05-14 20:57 | Report Abuse

For a company that makes 700 to 800 million is sales, 35 million PBT is really nothing to shout about. If the speculation is that they are supplying this and that to the glove makers well the financials will show. Otherwise, ..... They aren't the only supplier of chemicals used by the glove makers. The margins show it.

Posted by tailiew > 2020-05-14 21:07 | Report Abuse

@probability

What's other listed company that is supplying resin of the use by Glove?

Is it fair to use such a high PE just because the Glove Company are now selling at high PE? Raw material / chemical of these aren't are competitive in price?

Posted by probability > 2020-05-14 21:09 | Report Abuse

the last report for Luxchem was for qtr ending Dec 19


i am not expecting considerable margin expansion even on qtr ending Mar 20' just like what i foresee for the gloves stocks

market is seeing far ahead for gloves stocks

Luxchem produces a specialized chemical for nitrile gloves



Posted by Ravi Kumar > May 14, 2020 8:57 PM | Report Abuse

For a company that makes 700 to 800 million is sales, 35 million PBT is really nothing to shout about. If the speculation is that they are supplying this and that to the glove makers well the financials will show. Otherwise, ..... They aren't the only supplier of chemicals used by the glove makers. The margins show it.

Posted by probability > 2020-05-14 21:10 | Report Abuse

No other company as far as i know in Malaysia

Posted by tailiew > May 14, 2020 9:07 PM | Report Abuse

@probability

What's other listed company that is supplying resin of the use by Glove?

Is it fair to use such a high PE just because the Glove Company are now selling at high PE? Raw material / chemical of these aren't are competitive in price?

Posted by JBond007 > 2020-05-14 21:23 | Report Abuse

Competitors: Samchem (RM0.72) & CCM (RM1.49)
Best buy is Luxchem (RM0.71).

Posted by probability > 2020-05-14 21:26 | Report Abuse

the competitors you mentioned dont supply latex chemicals