Once a KING, always the KING. Min PAT at 750 million on increased gloves ASP of min.US$35 per 1000 box. 1st Target selling zone above 21.50 ringgit before next profut taking round and thereafter 26.00 ringgit before 1st quarter 2021.
For current quarter ended 30 September 2020, the Group achieved revenue of RM191.26 million, representing an increase of RM50.97 million or 36% compared to current year preceding quarter. This was mainly due to higher sales in the trading segment.
The Group achieved profit after tax of RM14.17 million during the current quarter. There is an increase of RM6.59 million or 87% compared to current year preceding quarter which was mainly due to higher profit in the trading segment.
1.59 sen this qtr profit
Annualized 1.59 x 4 = 6.36 sen
If P/E 30 = 6.36 x 30
= Rm1.90
This beats es_ceramic performance!!
LUXCHEM A RISING STAR TO THE GLOVE SUPERBULL TIME!!!
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....
DreamConqueror
5,150 posts
Posted by DreamConqueror > 2020-10-26 20:45 | Report Abuse
Awesome