hidden gem...msia have more than 1 million mikro/SME needing sanitizers when it reopens tis week or after 12th May. Everyday they need to spray sanitizers on their hands hands and surfaces that people touched regularly. So imagine the tons of sanitizers required daily...Buy now while it is still cheap!
Holding this share since RM0.40. Financially good with low PE compared to its peers like Luxchem, Southern Acids & Hexza. Hope volume will come in to push this share price higher
Samchem's clients r so diversified, supplying chemicals to the pharmaceuticals, rubber processing for gloves industry, cleaning/sanitation products, packaging, printing, etc...These are the industries benefiting from tis covid19 pandemic. No wonder its YOY for the last 3 quarters are into the impressive double digit growth, can't wait for their May 2020 quarterly report to be out soon...
Don’t be too optimistic. I think most of the industries will be impacted by CV19. I am also looking forward for the QR, but as it’s not super bad, it’s good(green) already. Just my opinion. Of coz if they still continue with their promised xtra 1cent dividend will be great.
looked back recently this company payout every quarter 1cts dividend,the dividend yeild equal to 6.2pct,compared with bank much more better only 2-3pct.no of shares only 272m,hopefully company appreciate us with bonus and special dividend.
Comprehensive n positive write up on chemical companies - sanchem. What these companies have in common is a healthy balance sheet, which means they can gear up to raise capacity and ride out a potential slowdown some segments of their business would be facing.
@amateurJR hope u r still holding on...just started the ride after roadblock at 64-65sen. Ppl are starting to be aware of tis hidden gem when the The Star write up on these smaller chemical companies and their excellent prospect during covid19.
@Hush77 correct! Samchem's revenue/EPS/PE all are way better compared to luxchem. Even the numbers of issued shares are way less than luxchem. This is a hidden gem just like rubberex before its share price went up to incredible new heights almost daily now...With Samchem biz supplying chemicals to the rubber and personal care/sanitizer industries, both currently in huge demand due to covid19, this counter is a clear winner...the building up of the trading volume esp today of 11million, you can see the traders are paying more attention to this hidden gem now...buy and keep before it is too late.
I put an upgrade on Samchem Rm 1.40-Rm 1.60.Malaysia have advantage as more company start production compare with Singapore.Expect stole some business from Singapore as Malaysia on recovery mode.
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Posted by yonexitem > 2020-04-22 18:19 | Report Abuse
Sebastian, it flies, hahahaha, u scold more, let it fly more