yup..they supply chemical for all types of industry, including rubber and hygene/sanitization/detergent, lubricant, etc. and is a competitor for luxchem and ccm
Yes only Samchem PE is still low after the share market buying frenzy for the week.. strong double digit YOY growth for 3 consecutive quarters, regular 1sen quarterly dividend paidout (way better than any fixed deposit rate out there). Low issued shares....solid company with good fundamentals!
corona related counters in consolidation mode. Can still in samchem at 69 cents? fundamentally samchem is a superb company but these days on bursa,news and sentiments matter more than fundamentals. also when qr results will out?today hextar q1 results were great.
Notice of Dividend Payment and Dividend Entitlement Date NOTICE IS HEREBY GIVEN that subject to the approval of the shareholders at the Annual General Meeting to be held on 28 July 2020, a final single tier dividend of 1.0 sen per share will be paid on 17 August 2020 to shareholders whose names appear in the Company’s Record of Depositors on 3 August 2020.
They are the supply chain to PPE manufacturers ie. Sanitizer, gloves, disinfectant etc....their business not affected..extract from their annual report released 28/5/20
After holding this share for so long since 0.4, rarely come back here to see what is happening. Not bad 1 cent dividend. Holding both samchem and luxchem together. Go go go the chem brothers
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.
more sectors open now, interstate travel allowed. Can u imagine how much sanitizer or disinfectant needed to sanitize the hotel and shopping mall? These are the places that require sanitizing regularly for the safety of the guests/visitors. More people will be out and travel now, hence the usage of sanitizer will increase tremendously. This will be the next theme after the gloves.
Only chemical co with pe below 10, and consistently make profit every qtr. Samchem is the supply chain for PPE maker. Their operations were not affected.
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.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
thanos2020
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Posted by thanos2020 > 2020-05-13 09:29 | Report Abuse
@Michael Kwok agreed with you, definitely more than RM1 the target price for sanchem, silly others sell so early to earn mittens only...