I think there is still a lot of upside because their customers are doing so well. Cannot invest in TopGlov, Supermax, Kossan etc anymore, invest in these guys as a proxy lor.
"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 sud be going to new high . Large demand fm existing glove manufacturers and don’t forger new glove manufacturerrs once production line ready also could get their supplies fm Luxchem.
Good morning my fellow investors. Anyone has thoughts on AmInvest TP of RM0.79 for Luxchem? AmInvest recommends Sell. I have come to realise that with banks, when they sell, it is actually a buy call. What do you think? Thanks.
Simple man logic, look at 2015,2016 good profit and then u see chart on trade view 2015,2016 compare to current price. about there dy leh. nowadays share price all priced in dy. zzz.
Lux is the safest healthcare related stocks without risk of effected by WINDFALL TAX rumored to b tabled during BUDGET 2021 on 6th Nov 2020 at PArliament by PM Tan Sri M !
Top Glove thinks big despite slowing growth of glove prices
* CORPORATE NEWS * Friday, 18 Sep 2020 PETALING JAYA: The growth rate of average selling prices (ASPs) for gloves is expected to slow in the coming months but that is not going to dissuade Top Glove Holding Bhd from committing RM8bil in capital expenditure for expansion over the next six years.
Top Glove executive chairman Tan Sri Lim Wee Chai (pic) said the ASPs for nitrile gloves is currently US$70 per 1,000 pieces and is expected to increase by 30% in October and 15% in November.
“For November onwards, we expect another 10% increase in ASPs for nitrile gloves, depending on the situation, ” he told reporters after Top Glove’s fourth-quarter result briefings. Nitrile gloves account for 47% of Top Glove’s production.
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calvintaneng
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Posted by calvintaneng > 2020-10-27 16:37 | Report Abuse
Mikecyc loiter here means Luxchem is very good
Eps less because mco cannot export
But profit up because Glove chemical ASP up alot