Posted by striker888 > 2019-11-18 15:57 | Report Abuse

So new TP 1.0? Ha-ha

Posted by bear118 > 2019-11-18 16:34 | Report Abuse

nice and sui performance

Posted by MK76 > 2019-11-18 19:56 | Report Abuse

Walao. Still merocket. Sakit ooh

Posted by kevin5059 > 2019-11-18 20:36 | Report Abuse

Fund managers love counter with consistent dividend. When the recent quarter reported with another 1 cent dividend (date to be announced), which make Samchem paying at least 4 cents per year or 6.8% at RM0.57. On top of the two continuously improved quarters. Now everyone is rushing into this counter and I curious why there are ppl selling at 0.6x. If the share price shot up 3 days continuously with large gap, then you may have to sell to lock down your profit and buy back at lower price later when it retreat. However, for Samchem, it shot up very steadily, then rest for 3 days (to clear off those margin accounts holders), then after T3 it shot up again. This is a uptrend and should be a sustainable one. Anyway, just my 2cents, trade at your own risk.

Posted by Superb99 > 2019-12-03 11:37 | Report Abuse

this counter has zzz...wake up pls

Posted by shpg22 > 2019-12-04 20:01 | Report Abuse

Samchem is a good example of value trap. Although its Revenue and Net profit is at near record high, its share price suffer because of its poor OCF and increase in debts. Dividend payout through debt is not sustainable.

Posted by kevin5059 > 2019-12-06 09:24 | Report Abuse

I'm laughing behind the screen after reading your "increased in debts" comment shpg22. Read the recent report in details again please.

Posted by shpg22 > 2019-12-06 11:18 | Report Abuse

I m referring for the past few years, not just recent

Posted by kevin5059 > 2019-12-06 12:15 | Report Abuse

Also, its OCF for last two quarter was around RM11-12millions (before capital changes). Meaning Samchem is making 11-12 millions cash from its operation and each quarter, samchem declare 1 cent dividend which only took Rm2.72million from its account to pay back to the share holder. Making 11-12millions each quarter but pay Rm2.72millions to shareholder you consider not healthy??

Posted by shpg22 > 2019-12-06 12:20 | Report Abuse

Again on the OCF, look back a few years. Not just recent. Companies are known for hiding skeleton behind and depict a rosy picture ahead.

Posted by kevin5059 > 2019-12-06 13:57 | Report Abuse

I respect that everyone may have different view on the same report. However, what if the company is spending large sum to expand their business in Vietnam for past 2 years, then only this two recent quarters, their vietnam business is getting rewarded, that's making their CF getting better??

What I see from the CF and the report is that Samchem
1) is paying less bank interest starting last 2 recent quarters (reduced in loan)
2) vietnam business is recovering and growing
3) declare dividend every quarter (dividend never lie)
4) Cash flow is positive and healthy, making 11-12mil per quarter and paying ~2.3million bank interest every quarter.
5) I don see Samchem taking up any new bank loan.

With those information above, I personally think that the negative cashflow for pass 1-2 years was mainly due to business expansion but not the fishy things. Unless next quarter suddenly they took a new loan again without any huge improvement on their cash flow or venture into new market.

Posted by tslai38 > 2019-12-06 15:23 | Report Abuse

big boss is buying in until holding more then 45% shares showing samchem is good to invest and history show that when his family buying ,share price will shoot

Posted by shpg22 > 2019-12-06 20:09 | Report Abuse

what if the company is spending large sum to expand their business in Vietnam for past 2 years

This will fall under CAPEX. Not part of OCF. If talk about FCF, its even worst.

From its Cash flow statement, year to date interest paid (7452) seems increasing compare to preceding year (6752).

Posted by kevin5059 > 2019-12-07 00:15 | Report Abuse

Capex involved:
1) Plant & equipment purchases
2) Building expansion
3) Hardware purchases such as computers
4) vehicles to transport goods

Operating Expenses involved:
1) Rent
2) Utilities
3) Salaries
4) Expense considered sales, administrative expenses
5) Tax

You are saying that expand business do not need to pay rent? salary and marketing and administrative expenses? When Samchem venture into Vietnam, they spent a lot to in marketing.

Posted by shpg22 > 2019-12-07 09:18 | Report Abuse

Probably, its not stated clearly in report. You can only guess

Posted by kevin5059 > 2019-12-07 11:41 | Report Abuse

shpg22, everything in the report may be right or fake. We as an outsider can only guessing. As from your previous posts, you only keep emphasize on History of past two years data, but tend to ignore samchem is doing well in the recent 2x quarters. FCF and OCF(only become negative cause they paid off their bank loan, which is good) both are positive.

Last year, samchem business and CF are not looking good, that's the reason why shareprice was down from RM1.2 to 0.53 at one point. However, due to the recent good quarters, the shareprice had climb from 0.5x to 0.7x. You may just wait for two more quarter reports for you to cross check the yearly CF or business performance, but remember at that time, even you decided to buy in, you have to pay RM1+ as many ppl already act way ahead of you while you are so conservatively waiting for the green signal.

Posted by G-boy > 2019-12-11 21:32 | Report Abuse

kevin5059.
i saw u write samchem making 11-12m per quarter. u mean profit before the tax?

Posted by G-boy > 2019-12-11 21:42 | Report Abuse

and how to check samchem give 4sen dividend?
i thought it only give 1sen for first ,second and final dividend only?
thank

Posted by kevin5059 > 2019-12-12 13:40 | Report Abuse

G-boy, it is the cash flow per quarter before "changes of working capital". Another 1 cent was announced together with the report but date to be announced later.

Posted by bear118 > 2020-01-02 08:50 | Report Abuse

@kevin5059... Can hold for long term?

Posted by kevin5059 > 2020-01-02 23:06 | Report Abuse

bear118, no body should actually give any buy/sell/hold call in i3 forum. We will share our information and you guys should judge based on your own. Do some homework or paid some tuition (losing money after each mistake), then only you will gain your own confidence and knowledge.

Posted by bear118 > 2020-01-03 09:21 | Report Abuse

noted with thanks.

Posted by kevin5059 > 2020-01-22 22:18 | Report Abuse

OK, dividend date announced. 4 cents per annual, anyone still saying it is 3 cents?

Posted by thesteward > 2020-01-28 21:09 | Report Abuse

Can start looking at this stock . Should be able to catch up with Luxchem soon

Posted by thesteward > 2020-01-29 09:18 | Report Abuse

Again thesteward cun cun

Posted by thesteward > 2020-01-29 09:19 | Report Abuse

Samchem gogo 80 la

Posted by bnmacai > 2020-02-08 18:57 | Report Abuse

Ada orang di sini? Sleepy sia. Wake me up

Posted by sayyouloveme > 2020-02-17 10:53 | Report Abuse

im here. avg down. still waiting

Posted by Timinlcw > 2020-02-19 22:06 | Report Abuse

luxchem good , this is better

Posted by bnmacai > 2020-02-26 02:55 | Report Abuse

let us hold hand and pray for a good QR.

Posted by bnmacai > 2020-02-26 12:07 | Report Abuse

bad Qr. confirm. sell and come back later.

Posted by bnmacai > 2020-02-26 12:13 | Report Abuse

after Qr out, it should be around 57cents. then u buy back

Posted by bear118 > 2020-02-27 11:49 | Report Abuse

omg... sure is qr not perfom nicely... die soon...

Posted by bnmacai > 2020-02-28 17:55 | Report Abuse

woo. result is good

Posted by Timinlcw > 2020-02-29 11:25 | Report Abuse

besides the 1 cts dividend ex 3/3, after AGM in MAY , will declare another 1 cts, yummy

Posted by WhereToInvest > 2020-03-01 22:11 | Report Abuse

Dividend yield is not bad at this point of time. At least better than fd.

Posted by sayyouloveme > 2020-03-02 19:05 | Report Abuse

hopefully every qr has 1 cts dividend. :P

Posted by soon9913 > 2020-03-08 22:12 | Report Abuse

it is 1 cent div every quarter base on past trend

Posted by bnmacai > 2020-03-10 16:25 | Report Abuse

dead already. whatever support also broken.

Posted by bear118 > 2020-03-11 10:11 | Report Abuse

market keep rebound but samchem look the price is down and down by days. next quarter report should die

Posted by WhereToInvest > 2020-03-12 16:40 | Report Abuse

Everyday new low. But somehow director still buying last few days.

Posted by vinc3nt > 2020-03-13 00:34 | Report Abuse

keep average down until 0.3

Posted by timing_is_everthing > 2020-03-21 16:17 | Report Abuse

don know still got 1 cts dividend every quarter or not?

Posted by timing_is_everthing > 2020-04-02 22:37 | Report Abuse

IPA , alcohol is very demanding during this coronal virus outbreak time

Posted by Kei2 > 2020-04-07 10:54 | Report Abuse

And they could operate during MCO

Posted by wesley_gold > 2020-04-14 15:54 | Report Abuse

good dividend and fundamental company

Posted by yonexitem > 2020-04-15 19:59 | Report Abuse

Not sure whether this quarter will pay dividend or not. Anyone knows about samchem Vietnam ipo?

Posted by Tete7893 > 2020-04-15 20:32 | Report Abuse

i think Vietnam operation should not be a problem becos vietnam covid cases is less.

Posted by thesteward > 2020-04-16 21:04 | Report Abuse

This is a superb company . Every q good profit n high nta. Boss that is so dedicated n believe in own complany . Should worth minimum 70/80 Sen

Posted by Sebastian Power > 2020-04-22 09:51 | Report Abuse

luxchem after DIV still up. Samchem tidur kah? In MARGMA list samchem also still on operation during MCO. Should fly!