management does not expect the impact on the Group’s business operations, liquidity and financial position because of COVID-19 to be material
the management is optimistic on the business growth and will continue to focus on the expansion of business and operational efficiency to improve the Group’s performance.
M+ Online Technical Focus - 13Jul20 Samchem Holdings Bhd: Chemical specialty player
Trading Catalyst • Chemical distribution segment is well positioned to undertake the higher demand for pharmaceutical products that are used as active ingredients or excipients for the production of medicinal products. • Key clientele includes well established oil & gas players such as ExxonMobil Chemical, Shell, Petronas and BASF. • At current price of RM0.73, Samchem is trading at trailing-12-months (TTM) PE of 8.7x, which is below peers average in upper teens, suggesting some upside in our view. • Technically, share price has breakout above the RM0.725 resistance, targeting RM0.81-RM0.87 with long term target at RM0.95.
BursaBuzz 21 Jul 20, 10:07 Samchem Holdings $SAMCHEM / 5147 (SAMCHEM HOLDINGS BERHAD) Research by RHB Not Rated; Target Price: RM1.28
"Rosy Demand Despite Disruption"
MYR1.23 FV, based on 12x FY21F P/E, 72% upside, and premised on impending improvement in chemical demand, diversified model able to weather through an economic slowdown, expansion of lubricant business, and decent dividend yields. We believe the demand for chemical products is evergreen as they are required in manufacturing activities despite soft economic activity. While we expect a 2-year earnings CAGR of 8%, Samchem is only trading at 7x FY21FP/E, below peer average of 20x P/E.
those who know how to see a potential in a counter and have done their study will have the confidence in investing here. i have a reason of entering into samchem today.
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Lukesharewalker
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Posted by Lukesharewalker > 2020-06-25 21:09 | Report Abuse
Not bad. Only decreased slightly