Posted by nicl > 2020-10-15 14:56 | Report Abuse

live2win Chemical company good investment, got fundamental

Posted by Live2Win > 2020-10-19 22:17 | Report Abuse

Moving up slow and steady...it seems like it is going to announce another record breaking good quarter results
soon...

Posted by cherry88 > 2020-10-20 13:35 | Report Abuse

Historically, Samchem will announce its 3Q results not later than 10th of Nov. So, please stay on till 10/11. Will expect to announce a record hitting net profit and expansion in margin. 2Q results have already showing the trend. Samchem is also distributing a chemical call TDI. This chemical is in high demand and short of supply. Prices had shot up too. I believe the company will definitely benefit from it.
Frankly, given its usual thin margin, I don't expect the share price to shoot up like those glove companies. Let's be practical, given its current 4Q rolling PE of 12.7x, should I put a fair PE of 15x, we will expect the target price to hit RM1.40 once it announces the 3Q results before 10 of Nov. It may not look attractive to short term investors

Posted by cherry88 > 2020-10-20 13:54 | Report Abuse

However, longer term wise, the company should experience a recovery in its current thin margin position due to the surge in demand of products to the healthcare, household and personal care sectors. I think this company still provide a cheap entry for COVID related exposure. so, for a long term investor and lower risk exposure, Samchem should be part of your portfolio. I am not super investors as I also don't have much exposure in glove companies (other than hit n run). So, invest base on your own risk appetite.

Posted by Nangkabusuk > 2020-10-20 17:03 | Report Abuse

Well said cherry88

Posted by jackfruit > 2020-10-20 17:16 | Report Abuse

Another good Q earning shareholders will be rewarded with bonus and free warrent.

Posted by Goinvest88 > 2020-10-21 07:08 | Report Abuse

Good, expect good QR result with margin improve, sales recovery from lockdown, new distribution of lubricant division

Posted by Superb99 > 2020-10-21 11:18 | Report Abuse

1.12...cheap sales

Posted by Superb99 > 2020-10-23 07:26 | Report Abuse

Pe for ccm is 40 over but pe for samchem is only less than 12, diff by so much...anyone knows the reason behind, selling diff products or due to the NTA as I see ccm is having higher NTA...

Posted by wbwanabe > 2020-10-23 11:56 | Report Abuse

if not mistaken, the contributions from gloves chem makes up a very small portion to Samchem business. The bigger supplier is CCM, hence that could be a reason for CCM having a better price. Another big player is Luxchem. Do go to their respective websites to check out their products in order to get a clearer picture of what each company contributes to in the productions of gloves

Posted by Leo1960 > 2020-10-23 20:16 | Report Abuse

Any advice on samchem. Now 1.04

Posted by cheoky > 2020-10-23 21:58 | Report Abuse

refer to texchem is a preclude to samchem upcoming Q

Posted by Superb99 > 2020-10-23 22:39 | Report Abuse

TA wise, not a good sign, apparently some tycoons are releasing their holdings...initially thought it can continue its uptrend due to it's consistent good performance but looks like people play it penny counters....just dumped like no tomorrow

Posted by Goinvest88 > 2020-10-25 07:48 | Report Abuse

retracement is good sign for those want to buy

Posted by drteh84 > 2020-10-26 13:00 | Report Abuse

Have u ever notice that from May 2017 till now , the company directors only buy, but not sell their shares?

Posted by ibojio > 2020-10-26 17:06 | Report Abuse

When will they release Q3 earnings ?

Posted by Li Li > 2020-10-26 22:47 | Report Abuse

received letter, rm0.01

Posted by Li Li > 2020-10-26 22:51 | Report Abuse

received letter, rm0.01

Posted by justspeculating > 2020-10-27 11:21 | Report Abuse

Price went up 3x from the low in 03/2020, emerging to breakout from the base of the last correction started from the sellout in 08/2020. The area of resistance is 1.11 - 1.20, some said the line of resistance is 1.15 but I think of an area instead of a line of resistance because of the heavy sellout in early 08/2020 and the recent price action, so I would wait for the price to confirm itself when (if) it breakout in heavy volume or, I would buy early if it retreats near to 1.00 and forming a hammer or star candle in heavy volume with my stop loss set at 0.95.

Posted by justspeculating > 2020-10-27 11:46 | Report Abuse

A long time peer of the company - TexChem just announced a turnaround quarter and positive outlook, so I am looking forward to the company's coming quarterly report, low profit margin could be regarded as strength if the management is more efficient - higher inventory and receivable turn, and generates better cash flow, in such event, it offers a bargain compare to its peers (LuxChem, TexChem...), lower Price to Sale, Price to Book Value and PE ratios.

Posted by cherry88 > 2020-10-27 14:32 | Report Abuse

@ibojio...Refer my comment dated 20/10...."Historically, Samchem will announce its 3Q results not later than 10th of Nov. So, please stay on till 10/11"

Posted by ibojio > 2020-10-27 14:41 | Report Abuse

@cherry88. thanks for the info. Gapping up today

Posted by cherry88 > 2020-10-27 15:12 | Report Abuse

U will miss RM1.10 soon.....buy before you feel sorry

Posted by cherry88 > 2020-10-27 15:17 | Report Abuse

Luxchem reported a handsome profit with rolling 4Q PE of 24x while Techem also recovered from loss. All with same reason...increase in selling price and margin. So, Don't you don't believe Samchem will do the same ? and Samchem is trading at undemanding PE of 11x ?

Posted by kasiong1995 > 2020-10-27 17:01 | Report Abuse

Close at 1.15
Good closing price

Posted by drteh84 > 2020-10-27 19:29 | Report Abuse

Looks like 1.40 is not far away from curent price.

Posted by cherry88 > 2020-10-27 21:21 | Report Abuse

Yes. Should 'fair value' (may not hit) at least RM1. 40 before 11/11. Let's looking forward

Posted by Superb99 > 2020-10-28 12:47 | Report Abuse

It tried many times to break 1.2 but failed, too heavily rely on the movement of glove counters

Posted by cherry88 > 2020-10-28 13:08 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3100238

Posted by cherry88 > 2020-10-28 13:10 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3100239

Posted by cherry88 > 2020-10-28 13:10 | Report Abuse

Sit tight and enjoy your popcorn

Posted by Roroho00 > 2020-10-28 14:36 | Report Abuse

Sell on news

Posted by ibojio > 2020-10-28 14:45 | Report Abuse

Good QR result but price dropped.

Posted by Superb99 > 2020-10-28 14:47 | Report Abuse

Hard to play, good or bad result, people just dun care

Posted by cherry88 > 2020-10-28 14:58 | Report Abuse

a bit disappointed did not see the "margin improvement" in the accounts. It also means the there is no increase in pricing, especially from M'sia division. In fact, its margin drop....too bad...Bye

Posted by Superb99 > 2020-10-28 15:23 | Report Abuse

It is very depends on whether there is any tycoon goreng it, ccm price is higher but result so so only...hopefully long term investors like it but apparently its price is unable to break 1.2...too bad

Posted by Jeffreyteck > 2020-10-29 12:16 | Report Abuse

One year about 2 sen dividend, it takes about 50 years to recover capital. LT no go unless fundamental changed substantially and dividend higher. ST trading on sentiments.

Posted by drteh84 > 2020-10-29 15:38 | Report Abuse

Does anyone think of why people would que to buy at the price of RM1.20 of the opening price while the previous closing price was RM1.15 ? Why would people que to buy at a lumsum of RM1.20 just before the quaterly report is out?

Posted by drteh84 > 2020-10-29 15:40 | Report Abuse

i would rather play on reverse psychology.

Posted by DaitoRyu > 2020-10-29 15:52 | Report Abuse

https://www.thestar.com.my/business/business-news/2020/10/29/samchem-profit-soars-795

Posted by Superb99 > 2020-10-30 09:44 | Report Abuse

Formed double top at 1.2...gg.com

Posted by Superb99 > 2020-10-30 14:58 | Report Abuse

This counter has no support at all, keeps dropping

Posted by Yusofff > 2020-11-06 01:27 | Report Abuse

Breakout. Masuk. TP 1.20

Posted by Superb99 > 2020-11-07 08:30 | Report Abuse

Breakout...? Lol...up from 1.0 to 1.15 with very small volume, I think quite hard to break 1.2....to hit 1.2 again also not easy...this company is having good fundamental but price appreciation is a bit slow....if it can up like ccm then cantik

Posted by Leo1960 > 2020-11-10 19:24 | Report Abuse

Anyone knows why samchem got no support?
Is it being affected by vaccine news too?

Posted by Superb99 > 2020-11-11 12:12 | Report Abuse

I left this counter till it breaks 1.2...more better counters out there....no doubt, good fundamental but price is badly affected by glove counters and price appreciation room for glove counters are limited now so quite hard actually for glove related counters.

Posted by gankm > 2020-11-16 15:57 | Report Abuse

slow and steady...

Posted by NInvestor > 2020-11-16 16:03 | Report Abuse

Superb99 gonna come back? lol. broke 1.2

Posted by newtotheshow > 2020-11-16 21:03 | Report Abuse

who said price affected by glove?nicely said :)

Posted by spicyketchup > 2020-11-16 21:13 | Report Abuse

Alamak forget to buy back in! Sien.