Luxchem is a supplier of industrial chemicals and materials in general.
Industry observers said around 35 per cent of Luxchem's total turnover came from the sale of latex chemicals to companies like Kossan Rubber Industries Bhd, Hartalega, Top Glove, Supermax, Riverstone and Latexx.
Luxchem is definitely better than samchem, if we look into their gross profit margin, Luxchem is at it's advantage. Furthermore Luxchem distributes its products to Thailand, Singapore, Indonesia, Vietnam, Philippines, Japan, Bangladesh, Sri Lanka, Pakistan, China, Australia and the Middle East, which will be beneficial in the long term as its market share will increase gradually. Luxchem have cash in hand RM144.21 millions.
Volume up. Good sign. Gloves counters are too high for many so time to pay attention to the gloves supporting partners bcos the Big4 make high profit so will Luxchem make high profit. Next resistance rm1.00.
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ooi8888
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Posted by ooi8888 > 2020-06-22 11:02 | Report Abuse
slow & steady, better than texchem