Posted by GeneTakavic > 2023-07-28 09:46 | Report Abuse

Q2 -6.6m ,not bad

Posted by teknikal > 2023-07-28 10:38 | Report Abuse

Still in downtrend mode. Last week tried to make Golden Cross but looks like it will be a failed one after the surprise loss in Q2.

Posted by SWT1988 > 2023-08-09 19:51 | Report Abuse

Still waiting below 1.00 b4 deciding

Posted by firehawk > 2023-08-23 22:40 | Report Abuse

The release of chilled water to the sea from nuclear plant at Fukushima, would stricken all the seafood linked business including sushi.

Posted by 8u29song > 2023-08-24 09:11 | Report Abuse

so many choices......why japany food !!!!!

Posted by 8u29song > 2023-08-24 09:16 | Report Abuse

mati tak apa...belanja perubatan jahanamkan satu isi keluarga....jilaka punya japs

Posted by SWT1988 > 2023-08-25 14:11 | Report Abuse

Penny stock soon? not surprise if below 0.90

Posted by Albukhary > 2023-08-25 14:13 | Report Abuse

Not penny stock soon, but is back to what it used to be.
Texchem used to at 50-60sen level

Posted by starhock > 2023-08-25 16:09 | Report Abuse

stay aside first, don"t know what is the impact jap pouring the radioactive water into the ocean!

Posted by neonstrife > 2023-08-25 23:50 | Report Abuse

Penny stock ? Maybe pn17. I guess those who is having common sense and brain will stop eating sushi. Fukushima wastewater and radioactive will really harm human health.

Posted by PureInvest > 2023-08-26 12:22 | Report Abuse

Diners to go on enjoying their sushi, but ‘hold the sashimi’
savemalaysia
Publish date: Fri, 25 Aug 2023, 09:23 AM

PETALING JAYA: For some sushi fans, it’s still a case of “let’s dig in!”

“I will still go to Japanese restaurants whenever I get the cravings,” said engineer Albert Tey, 36.

He is not put off by the news that Japan’s Fukushima Daiichi nuclear power plant began releasing treated radioactive water into the Pacific Ocean yesterday.

This has led to China banning seafood from Japan with immediate effect.

But Tey, who loves sushi, said he would be at ease indulging in omakase, a chef’s choice menu, saying that he had faith in the stringent requirements on freshness and safety.

Others, like copywriter Lai May Choon, have a more pragmatic view.

Lai, 38, plans to continue enjoying sushi as most of the salmon available in the Malaysian market is farm-raised rather than caught in the wild.

“Since farmed fish is taken care of in a more controlled environment, we need not be overly worried,” she said.

She also voiced confidence in Japan’s reputation for precision and discipline, saying that she believes the wastewater release would be closely monitored.

Property agent Stella Lau, 40, however, admitted that she would avoid consuming sashimi, at least temporarily.

But she has confidence in the safety of other sushi ingredients.

“Japanese restaurants offer a variety of choices. So I will opt for other types of seafood instead of air-flown seafood from Japan,” she added.

Kampachi Restaurants Sdn Bhd deputy general manager G. Balam said their outlets import products from Japan twice a week.

“Our products mainly come from the Kansai and Tokyo regions,” he said.

He explained that they had adopted a proactive approach by avoiding products from Fukushima and its surrounding areas.

“This practice has been in place for many years, since the earthquake in 2011 in Japan,” he said.

Kampachi has posted an advisory on its website to address concerns over the release of tainted water into the sea off the coast of Fukushima.

It said that its “suppliers have been strictly instructed not to source any seafood from that area”.

Sushi King Sdn Bhd’s head of marketing, Gan Phaik Hoon, said the restaurant chain was aware of the concerns about food safety.

“However, our seafood is not imported from Japan. Our fish, mainly salmon and saba, are sourced from Norway. Other seafood, like prawns, comes from Vietnam,” said Gan.

On its website, Sushi King also announced that its salmon and saba (mackerel) are from Norway.

Meanwhile, Kuala Lumpur Hoi Seong Fish Wholesale Association chairman Sing Kian Hock said most fresh seafood in the local market originates from countries such as Myanmar, Thailand, Indonesia and India, with no imports from Japan.“Some high-priced seafood items, like Hokkaido scallops and spider crabs, are imported only occasionally for specific needs and are not part of the regular supply.

“Salmon mainly originates from Norway,” he added.



https://www.thestar.com.my/news/nation/2023/08/25/diners-to-go-on-enjoying-their-sushi-but-hold-the-sashimi

Posted by WinBigOrLoseAll > 2023-08-28 10:30 | Report Abuse

no doubt this stock now going downhill, the market is bad plus continuous loss making QRs.
but the company itself is ok, the mgmt is good, and the biz also got potential.
might need to wait for years and hope the company can return to profit again to see the share price go back to the RM2 level again

Posted by Cheers > 2023-08-29 09:09 | Report Abuse

Expensive and not nice

Posted by Isaac Moo Yong > 2023-08-29 10:51 | Report Abuse

Albukhary is back. We need you texchem input

Posted by teknikal > 2023-09-14 16:01 | Report Abuse

Remains in downtrend with price below MA20, MA50 and MA200.

Posted by Lee Ying Yee > 2023-09-26 21:13 | Report Abuse

87c buy n hold ???

Posted by Lee Ying Yee > 2023-10-03 21:40 | Report Abuse

company buyback $1.3 above , i buy 85c > will make investment mistakes ???

Posted by Lee Ying Yee > 2023-10-05 08:43 | Report Abuse

ya wait 65c again ???

Posted by teknikal > 2023-10-05 10:48 | Report Abuse

Still downtrend but oversold

Posted by Lee Ying Yee > 2023-10-06 09:00 | Report Abuse

wait second time drop at 55c to 65c ???

Posted by Lee Ying Yee > 2023-10-13 11:52 | Report Abuse

wait 55c

Posted by teknikal > 2023-10-27 08:57 | Report Abuse

Price still in downtrend

Posted by Michael Kwok > 2023-10-28 11:40 |

Post removed.Why?

Posted by Cookieyirl > 2023-11-02 12:20 | Report Abuse

Look same like hapseng always down , just bought in 835 .
Let’s see can rebound or not

Posted by Cookieyirl > 2023-11-03 10:58 | Report Abuse

Today can touch rm1?

Posted by Cookieyirl > 2023-11-03 15:21 | Report Abuse

Jumbo fly to sky

Posted by teknikal > 2023-11-06 09:26 | Report Abuse

Short term trend turned positive resistance at 1.04

Long term trend still bearish though

Posted by GrowthCapitalist > 2023-11-19 02:37 | Report Abuse

The problem with this guy is that the market cap is 121.317m. Very hard to comprehend that it will get bullish again.

Posted by tomanhead > 2024-01-03 15:10 | Report Abuse

??? 😳

Posted by hw0706 > 2024-02-03 15:24 | Report Abuse

Below 0.60 first

Posted by xiaoeh > 2024-02-03 16:30 | Report Abuse

when will be the next goreng time?

Posted by PureInvest > 2024-02-28 20:57 | Report Abuse

exchem Resources - Recoveries in Industrial and Polymer Divisions; BUY
rhbinvest
Publish date: Wed, 28 Feb 2024, 04:47 PM

Keep BUY, with new MYR1.44 TP from MYR1.50, 49% upside. Texchem Resources’ FY23 results missed expectations on slower-than-expected recovery. That said, following a lacklustre share price performance (-56%) in FY23 due to weak results and margins compression, TEX could be a laggard play into FY24 that is poised to benefit from volume recovery, particularly from industrial and polymer engineering divisions. The current depressed valuation offers a good entry into the diverse businesses, coupled with solid balance sheet and strong cash flow generation.

Missed expectations. TEX recorded FY23 core losses of MYR10.4m (vs MYR30.8m profit in FY22) after adjustments for an employee stock option scheme expense and gain on disposal of investment in associate. The disappointment came from weaker-than-expected sales and margins, and high effective tax rate – from the non-availability of tax relief from losses incurred by certain subsidiaries and under-provision from the prior period.

Results review. YoY, FY23 revenue dipped 13.1% due to weaker market demand from the industrial and polymer engineering divisions, while its restaurant divisions were impacted by weaker consumer sentiment. FY23 EBITDA margin contracted 3.1ppts to 7% on the loss of economies of scale and higher input and operating costs. QoQ, 4Q23 revenue were flattish, with recovery in polymer engineering division offset by weakness seen in the restaurant division. Due to higher operating costs, the company achieved 4Q23 core losses of MYR3.2m (vs MYR2.1m in 3Q23).

Outlook. We expect encouraging recovery momentum among semiconductor customers, while the medical life science customers continue to grow steadily as per guided. The execution of new high margin business since 4Q23 is expected to contribute positively into FY24. In the industrial division, the chemical prices have begun to reverse, which should lead to improved demand as customers deplete their on-hand inventory. On the other hand, expectations of contained inflation and a review of employees’ salary schemes could improve consumer sentiment, benefitting the restaurant division in FY24 while competition on retail F&B scene and cost input pressure remains. However, the food division may continue to face challenges due to FX control measures in Myanmar. Management has put up contingency plans to stimulate local demand for its products while slowly diversify its supply chain away from Myanmar to mitigate the impact. All in, we look forward to a profitable FY24 year for TEX.

Forecast and valuations. We maintain our FY24-25 forecast in view of a stronger FY24 outlook and guidance, and introduce FY26F earnings (+25%). We also take the opportunity to revise our ESG score to 3.0 from 3.2, given the lack of disclosure on emissions. Our SOP-derived TP is lowered to MYR1.44 (after applying a 20% conglomerate discount) – implying a blended 13.4x FY24F P/E. Key risks: Escalation of input costs, weaker-than-expected sales/orders, fluctuation of chemical prices, and unfavourable FX rates.

Source: RHB Research - 28 Feb 2024

Posted by cK1973 > 2024-05-06 16:25 | Report Abuse

RHB-OSK TP 1.44
that's pretty high.....

Posted by cK1973 > 2024-05-07 15:25 | Report Abuse

no one here ka....
what happen?

Posted by cK1973 > 2024-05-14 15:27 | Report Abuse

hello...
stil kosong ka ...

Posted by cK1973 > 2024-05-28 14:19 | Report Abuse

hello .....
no one here ka....
pretty quiet here....

Posted by wctberhad > 2024-06-04 19:28 | Report Abuse

Do u all still remember 3 CHEM ... during the bull days ,,, TEXCHEM """ SAMCHEM"" LUXCHEM>>> all are gone now... maybe wait for next cycle... Now all go to AI ... but dont be greedy it will end up like CHEM company ... sooner or later ... Everest hill graph of company share cannot sustain ,,, any thing go up ..must come down .... GOOD LUCK guys ....

Posted by wctberhad > 2024-06-04 19:38 | Report Abuse

LOOK like from the graph ... n report Luxchem is much better to buy when it fall to 55 cents ... look like in uptrend ...

Posted by tomanhead > 2024-07-03 15:16 | Report Abuse

Should be shooting up soon 😁

Posted by curiousq > 2024-07-04 00:09 | Report Abuse

This one operates Burger King?
Pouring contaminated radioactive water to sea undermines their business?

Posted by tomanhead > 2024-07-04 11:55 | Report Abuse

Curiousq this one have nothing to do with burger king or radioactive water…read above 👆 someone posted before 😁

Posted by 1DERFUL > 2024-07-30 12:04 | Report Abuse

Stock started to revers, banker money in... next RL 1.10 💰🚀

Posted by firehawk > 2024-08-02 14:04 | Report Abuse

Curious, they operate sushiking, which is badly affected by the incident

Posted by curiousq > 2024-08-02 14:46 | Report Abuse

thanks firehawk

Posted by UnicornP > 2024-08-22 12:35 | Report Abuse

Currently Texchem's most valuable area of business is their polymer engineering.

Posted by UnicornP > 2024-08-24 12:27 | Report Abuse

However we do expect factory capacity utilization to drop as we enter into the seasonal low period of the HDD industry in the 1st half of 2025. Moreover we do see new headwinds with the strengthening of the MYR vs USD
as well as a growing uncertainty in the world’s macro-economic outlook going into 2025.
(From JCY's latest QR prospect)

Posted by 1DERFUL > 2024-09-05 17:19 | Report Abuse

@UnicornP - Your comments is about JCY INTERNATIONAL BERHAD not TEXCHEM. Texchem Resources Bhd, dated July 25, 2024. It outlines the company's financial performance for the second quarter and first half of the fiscal year 2024 (2QFY24 and 1HFY24), ending June 30, 2024. Here are the key highlights:

Revenue Growth: Texchem reported a 12.1% year-on-year (YoY) increase in revenue for 1HFY24, reaching RM570.4 million. For 2QFY24, the revenue rose by 22.6% YoY to RM294.7 million.

Profit Performance: The company returned to profitability with a net profit of RM1.0 million in 2QFY24, compared to a net loss of RM6.3 million in the same period last year. For 1HFY24, the net loss narrowed to RM0.4 million from RM6.5 million in 1HFY23.

Divisional Performance:

Industrial Division: This division experienced a 25.5% YoY increase in revenue, reaching RM134.7 million.
Polymer Engineering Division: The revenue jumped by 35.2% YoY to RM56.9 million, driven by recovery in sectors such as semiconductors, hard disk drives, and medical life sciences.
Food and Restaurant Divisions: These divisions also saw revenue growth, with the Food Division increasing by 17.3% YoY to RM32.5 million and the Restaurant Division rising by 10.6% YoY to RM69.6 million.
Challenges and Future Outlook: While the Food and Restaurant Divisions continue to face a challenging business environment, initiatives in the Restaurant Division are starting to yield positive results. The company is optimistic about maintaining the momentum in its core divisions, particularly in Polymer Engineering with strategic projects contributing positively.

Posted by 1DERFUL > 2 months ago | Report Abuse

Texchem Resources Bhd has redesignated its executive director Dr Yuma Konishi as the group chief executive officer following the retirement of Yap Kee Keong from the post.

Posted by UnicornP > 1 month ago | Report Abuse

Even when USD weakened from 4.70 to 4.10 from July to September, Texchem still can produce such a commendable turnaround of results.

Posted by 1DERFUL > 2 weeks ago | Report Abuse

Why this stock keep dropping, even though the Q3 result was green but going down in faster pace.