Going to move south...its non covid related but up so much, all trapped. Samchem is the one u should look into for chemical stock. Samchem is the supply chain for PPE, they were not affected by the lockdown while other supply chain were affacted. Samchem PE below 9. Read their AR, they supply to PPE makers ie gloves, sanitizers etc
Luckily din buy yesterday. Nearly buy before closing. But the company fundamental is not bad but its growth prospect is limited. Anyway it might rise by taking nylex & lctitan as example.
Since the onset of the COVID-19 outbreak, major ASEAN nations have seen their supply chains disrupted and all experienced economic slowdowns, especially with the imposed lockdowns. However, Samchem companies are in the supply chain (as chemical raw material distributor) to Essential Goods Manufacturers (such as hand sanitisers, disinfectants, personal and household care, gloves, some personal protective equipment, as well as the printing and packaging associated with all these products) and were able to meet the demand from these manufacturers in spite of the lockdowns. The Group’s diversified chemical distribution business allows the company to minimize the impact of downturns in the economy.
Good luck to you lo. Buy if you trust the Company. To me, there must have a reason to hike up. Glove demand seem not really big impact. How to push the price in future? And this stock now is over price. Why chase an over price stock at this moment? Better keep cash
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Hunkyman
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Posted by Hunkyman > 2020-06-05 23:11 | Report Abuse
Cognac coming soon