Posted by akuantiguru > 2021-08-30 12:25 | Report Abuse

Vietnam lock down. GG report next QR

Posted by henry888 > 2021-08-30 13:01 | Report Abuse

Malaysia also lockdown, why results so good???

Posted by henry888 > 2021-08-30 13:01 | Report Abuse

Main revenue from Malaysia

Posted by Superb99 > 2021-09-01 11:14 | Report Abuse

face strong resistance whenever hit above 0.8...too bad

Posted by BursaKakis > 2021-09-01 20:11 | Report Abuse

Samchem @ 0.80 is the cheapest Chemical Co in Bursa Msia @ PE 6.62

Posted by dragon328 > 2021-09-01 20:43 | Report Abuse

PER just 5.7x. Annual free cash flows close to 20 sen per share. After listing of its Vietnamese subsidiary company, easily another RM300 million will add into its cash coffer.

Posted by Superb99 > 2021-09-02 11:34 | Report Abuse

no doubt, good company but price is being pressed by operator...too bad

Posted by ltlim74 > 2021-09-02 13:37 | Report Abuse

The short-term borrowings of RM255m is a big concern.

Posted by dragon328 > 2021-09-02 14:17 | Report Abuse

Short term borrowing increased by RM86m due to working capital changes, not a bad issue lah. The important thing is that operational cash flows before working capital changes were very strong at RM69.6m for 1H. As a result, cash balance increased by RM64m.

Posted by thesteward > 2021-09-02 14:19 | Report Abuse

Now retraced to 77.5 sen so that can break 85 sen soon

Posted by ltlim74 > 2021-09-02 14:41 | Report Abuse

So if cash balance increased, why need to take more short-term borrowings?

Posted by Superb99 > 2021-09-02 17:23 | Report Abuse

ugly closing 0.77...

Posted by dragon328 > 2021-09-02 17:48 | Report Abuse

Samchem is a big distributor of hundreds of industrial chemicals. There are times when the company sees opportunities to build up inventory stocks at bargain prices, it will load up by taking up short term borrowings. Otherwise, there is always time difference in collection from customers and payments made to suppliers, especially when the company revenue was up by 65%. It will need to draw down money from working capital facilities.

Posted by ltlim74 > 2021-09-02 19:21 | Report Abuse

@dragon308, I hope you are right.

Posted by dragon328 > 2021-09-02 19:31 | Report Abuse

You can never go wrong picking up stocks with strong cash flows, not only looking at accounting profits. You can check my recent comments on Media Prima, Ambank and DKSH, all have surged up after good quarterly results that confirmed strong operating cash flows.

Posted by dragon328 > 2021-09-02 19:42 | Report Abuse

In the case of DKSH which is a big distributor of F&B products, it carried huge borrowings totalled RM567m in early this year with cash only RM50m. But within half a year, its operating cash flow was so strong that it could utilise it to pare down RM101m of debts to RM466m. It would be able to pay off all borrowings within 3 years. Same goes for Samchem with annual free cash flows of over RM100m that may be used to pay off all debts within 3 years.

Posted by dragon328 > 2021-09-02 19:48 | Report Abuse

Short term share price fluctuations are unavoidable. Not many investors appreciate the value and potential of Samchem yet as no research house covers this stock. By the time Samchem shows its ability to use strong operating cash flows to reduce borrowings by RM50m or more in next quarter, its share price will fly and you cannot catch it below RM1.00 anymore, like in the case of DKSH.

Posted by ltlim74 > 2021-09-02 19:56 | Report Abuse

Q3 should indicate how resilient they are with partial lockdown in Vietnam and Malaysia.

Posted by ltlim74 > 2021-09-02 19:58 | Report Abuse

Anyway, i'm in it for the long haul.

Posted by FairTrades > 2021-09-03 13:59 | Report Abuse

@dragon328 great explanation on SAMCHEM's short term borrowings. I agree on that take as SAMCHEM has consistently managed to acquire chemicals in shortages and sell at a higher premium too.

Posted by Superb99 > 2021-09-03 15:13 | Report Abuse

hope samchem can close nicely today

Posted by dragon328 > 2021-09-03 18:08 | Report Abuse

Nice closing for Samchem today, same for DKSH, Media, Ambank and MHB.

MHB is also cash rich but temporarily set back by operational disruption. Its earnings and cash flows will catch up once its heavy engineering division starts to execute its secured contracts smoothly.

Posted by Sunday513 > 2021-09-03 21:53 | Report Abuse

SAMCHEM product is PU?

Posted by Superb99 > 2021-09-06 10:54 | Report Abuse

zzz...no momentum today

Posted by Superb99 > 2021-09-06 11:09 | Report Abuse

keep hovering 0.8 area

Posted by Superb99 > 2021-09-06 15:51 | Report Abuse

seems like going to form lower high ....hope i am wrong

Posted by stockraider > 2021-09-06 20:00 | Report Abuse

Samchem paying 1 sen dividend every qtr that means dividend yield 6% pa loh!

Posted by FairTrades > 2021-09-06 20:40 | Report Abuse

SAMCHEM is a growth company and a potential multibagger in the making. I believe the market will appreciate its value very soon

Posted by Superb99 > 2021-09-07 17:09 | Report Abuse

give 1 cent dividend then price drops 1.5 cents, i give it bec the 1 cent and pls go bec above 80 cents...lol...i think for short term player, can look for other counters till it can firmly stay above 0.8...no meat now...ya, it is a growing company but pricing is too bad...not even rm1

Posted by henry888 > 2021-09-08 08:31 | Report Abuse

Ya, is a good company. Even after bonus issue of 1 to 1 still can deliver 1 cent dividend as usual.

Posted by Superb99 > 2021-09-09 10:09 | Report Abuse

0.77...getting lower and lower....

Posted by Superb99 > 2021-09-09 16:35 | Report Abuse

looks weak, easily go below 0.77...

Posted by Bgt 9963 > 2021-09-09 16:52 | Report Abuse

Hold...

Posted by henry888 > 2021-09-09 18:38 | Report Abuse

superb financial results for consecutive 5 quarters. New gems yet to be discovered by many.

Posted by Superb99 > 2021-09-10 15:29 | Report Abuse

ya, henry888, market is blind folded already....still under lelong price...speechless

Posted by henry888 > 2021-09-10 17:58 | Report Abuse

I seen the chart, will go above RM1.00 if the price can break 0.860 and closed above this price.

Posted by FairTrades > 2021-09-13 09:34 | Report Abuse

SAMCHEM is attempting to break its resistance at 0.81 right now

Posted by dragon328 > 2021-09-13 11:28 | Report Abuse

Samchem has gone past accumulation phase in the past 2 weeks since 19th August with close to 100m shares traded. Some funds or parties have accumulated around 50-60m shares of over 10% stakes just in past 2 weeks. Its share price will fly off from now on.

I think it may test 0.90 with volume around 10m, no need 25m like on 19th Aug, as more investors find it undervalued and will not sell below 0.90.

Posted by Kicimeow > 2021-09-13 11:57 | Report Abuse

Gong xi fa cai

Posted by fam123 > 2021-09-13 13:28 |

Post removed.Why?

Posted by stockraider > 2021-09-13 13:38 | Report Abuse

Power move today loh!

Posted by dragon328 > 2021-09-13 15:09 | Report Abuse

This round to RM1.00 easily!!

Posted by henry888 > 2021-09-14 10:40 | Report Abuse

0.860 strong resistance.

Posted by henry888 > 2021-09-15 07:21 | Report Abuse

market correction...

Posted by SpikeNow > 2021-09-15 09:31 | Report Abuse

samchem come come stronger .

Posted by stockraider > 2021-09-15 10:37 | Report Abuse

Go for it

Posted by FairTrades > 2021-09-15 14:58 | Report Abuse

SAMCHEM is a gem that is still unnoticed by the general public and IBs have not initiated coverage on this gem. It is truly undervalued

Posted by BursaKakis > 2021-09-15 15:44 | Report Abuse

TP 1.25 by Rakuten on 15/9/2021

Posted by staronenew > 2021-09-15 19:22 | Report Abuse

cant fly high due to market still weak

Posted by JayC88 > 2021-09-16 09:14 | Report Abuse

slow slow quiet quiet