Posted by andry_ong > 2019-10-02 10:11 | Report Abuse

company with asset but no soul

Posted by sell > 2019-10-09 15:57 | Report Abuse

Director even selling.

Posted by lachai2004 > 2019-10-10 18:55 | Report Abuse

Selling was done by controlling shareholders and the same time the company was buying back to push up the price?

Posted by lachai2004 > 2019-10-28 17:07 | Report Abuse

The company had cut the losses incurred by Tom Ho Wan and increased the investment in 4 strategic divisions for 2019. The current quarter result shown that the losses had narrowed down.

Due to losses incurred in last 3 years, currently It's share price had plummeted to 0.40 from high of 1.60 which is left with 25% only.

The sales turnover per year is about 1.2billion with 4 divisions contributed almost evenly and with a paid up of 120 millions. Implying that, with small capital doing big business.

Furthermore, the assets were not revalue for many many years! So, if any of next coming quarters that it is able to show some profits, you may miss the golden opportunity for not accumulate now!!

Posted by lachai2004 > 2019-10-28 17:11 | Report Abuse

Reason for buy: turnaround/ recovery with expansion!

Posted by techlee229 > 2019-10-30 17:35 | Report Abuse

Texchem Resources Bhd reported a net profit of RM2.42 million for its first quarter ended March 31, 2019 (1QFY19), as it recorded an exceptional income of RM4.54 million versus a net loss of RM2 million in the same quarter last year.

Posted by BN256 > 2019-11-04 14:35 | Report Abuse

should change all the management and revamp and instil more dynamic talented managers in the group.

Posted by tradeworld > 2019-11-05 10:40 | Report Abuse

Old management shall resign lah...shame !!!.. these people is stumbling block to the Co. how many years is under performance.

Posted by bluechip > 2019-11-05 11:24 | Report Abuse

Hope tis year Got dividend

Posted by tradeworld > 2019-11-05 13:50 | Report Abuse

Old management resign = hope. retrench them and return their pay to pay dividend

Posted by bluechip > 2019-12-03 16:50 | Report Abuse

Management still active alive or passive dead??hopeless counter wei!!!!! No news at all

Posted by bluechip > 2019-12-03 16:51 | Report Abuse

Useless yapunese boss

Posted by tradeworld > 2019-12-05 13:10 | Report Abuse

sleeping lah !!! mengatuk semua managers

Posted by caveatemptor2050 > 2019-12-13 22:12 | Report Abuse

The NO brain director has left....
Only the goon director still there
The Nippon chairman may decide to quietly REVALUE all the properties.... (as Calvin pointed out like AJInomoto last time)....the only hope for this share to jump to 2 next year

Posted by tradeworld > 2019-12-24 10:12 | Report Abuse

it look like the share is moving.....

Posted by wah168 > 2020-01-10 14:25 | Report Abuse

bad news is coming... so people through the share

Posted by tradeworld > 2020-01-17 16:24 | Report Abuse

when is break 0.50?

Posted by Fabien "The Efficient Capital Allocater" > 2020-03-03 21:34 | Report Abuse

Take a look at this perspective

Texchem market cap is 52million
Latest operating cash flow is 75.6million
Adjusted for capex, free cash flow is RM53mil

One year generation of FCF is equal to the entire market cap

Posted by sense maker > 2020-03-05 22:03 | Report Abuse

You stand corrected.

Mkt cap is RM43m only (a portion of its shares are held by its subsidiary).
Operating cash flow is Rm32m (basically this is yearly depreciation expense, excluding that of right of use)
Free cash flow after paying interest expense and taxes but before capex is Rm12m. This may, just may, improve to Rm15m-20m in 2020 (with closure of loss-making restaurants and further cost rationalisation in all segments)
If it can cap 2020 capex at rm10m, it has the capacity to declare 5sen-10sen dividend in Dec 2020, while keeping its net debt below Rm100m.

Posted by sense maker > 2020-03-25 23:08 | Report Abuse

Rm23m for the whole company now. Fire-sales price level.

Posted by apolloang > 2020-03-25 23:47 | Report Abuse

pastor recommended buy at 1.10 got 10cts dividend....now lost 80% he will tell u he sold at 1.50.....hahaha

Posted by Jared0121 > 2020-04-26 21:33 | Report Abuse

wahhahahah

Posted by yip_net > 2020-04-30 00:37 | Report Abuse

This company also selling rubber and latex chemical to gloves company why nobody interesting??

Posted by sense maker > 2020-05-27 20:05 | Report Abuse

Wah. They are diversifying into manufacturing of latex glove chemicals. Good.

But The ceo should be sacked. Times were bad in 2019, they still spent RM33m on capex, only to produce loss after tax again. Now, they say company has no money to pay dividend.

Posted by Cheongster1715 > 2020-06-01 18:07 | Report Abuse

The company is distribute the chemicals for latex gloves long time ago. Recently, they also produce tex-shield.

Posted by yip_net > 2020-06-01 20:00 | Report Abuse

Yes, SCGM also doing face shield and share price from 0.80 to 1.85 already fly to sky, but texchem is produce PPE products like latex chemical ,tex-face shield and medical device contract manufacturing but share price only 0.36 and NTA is Rm 1.95.

Posted by Cheongster1715 > 2020-06-01 20:40 | Report Abuse

Texchem fully control by datuk konishi.. They are similar like luxchem.. Just buy some to keep.. Who knows people start goreng.. The price easy to limit up.

Posted by sapurakencana > 2020-06-01 21:32 | Report Abuse

Yip_net pls advise the sources of texchem is produce PPE products like latex chemical ,tex-face shield and medical device contract manufacturing,thanks alot

Posted by yip_net > 2020-06-01 21:33 | Report Abuse

May be people don't like this company.

Posted by sapurakencana > 2020-06-01 21:38 | Report Abuse

No, Dato Konishi more concentrate on restaurant rather than other section,this cause the profit can not improve.If they can turn the concerntration on semicon ,may be the result wil be difference

Posted by sapurakencana > 2020-06-01 21:39 | Report Abuse

Yip,may i know the source of your info that you mention above.

Posted by yip_net > 2020-06-01 21:54 | Report Abuse

Go to face book- texchem group can find out the answer or texchem company websites for more new.

Posted by yip_net > 2020-06-01 22:04 | Report Abuse

Mr Sapura, the important thing is nobody like to promote this company.

Posted by sapurakencana > 2020-06-01 22:38 | Report Abuse

that means the trading within this 2 month is trade within the director or share buy back.

Posted by thomc > 2020-06-01 22:52 | Report Abuse

anybody attending the general meeting please ask them how can they keep making loss. what have they done to turn around ?

Posted by sapurakencana > 2020-06-02 11:44 | Report Abuse

UNDER mco,ALL THE agm ARRANGE ONLINE,DO REGISTER BEFORE ATTEND,SO YOU CAN ASK WHAT EVER YOU WANT.

Posted by sense maker > 2020-06-02 14:21 | Report Abuse

New biz activity soon: manufacture of latex glove chemicals, in addition to the existing distribution of the same.

Posted by sapurakencana > 2020-06-02 15:44 | Report Abuse

prove of the sources of new biz,if the answers is yes,the Mr Market will react.

Posted by BN256 > 2020-06-02 15:56 | Report Abuse

so, the profit is good for this time

Posted by sense maker > 2020-06-02 17:18 | Report Abuse

Sapurakencana, On page 4 of annual report, this Ah yap cakap mah, 9th sentence from the bottom, about starting latex glove chemicals manufacturing.

Posted by Cheongster1715 > 2020-06-03 10:01 | Report Abuse

People start notice this company

Posted by Sebastian Power > 2020-06-03 10:30 | Report Abuse

Thanks to the seller who sold me 0.35. After I read annual report the prospect is good. Hopeful that LIP PUN uncle not NATO

Posted by investor69 > 2020-06-03 12:35 | Report Abuse

This is a high potential stock and watch up....

Posted by Sebastian Power > 2020-06-03 14:52 | Report Abuse

The food and beverage industry in Malaysia has become increasingly competitive on weak consumer spending as
well as the mushrooming of online delivery services. Nevertheless, our Restaurant Division continued to grow its
restaurants from 139 as at 31 December 2018 to 152 as at 31 December 2019. Included in these numbers are our
Sushi King restaurants which grew from 130 as at 31 December 2018 to 144 as at 31 December 2019. In strengthening
our market position, the Division took steps to rationalize its non-performing restaurants including the closure of all
of its three Doutor Coffee restaurants to maintain business viability. As a result, Restaurant Division recorded a lower
revenue of RM297.7 million (FY 2018: RM305.4 million) and a lower pre-tax profit (before associates) of RM3.3 million
(FY 2018 RM14.1 million).
Among the various strategies to boost our market presence in a competitive environment, the Restaurant Division has
introduced a new grab-and-go concept for Sushi King, providing on-the-go customers with well-balanced delicious
meals in a fast and convenient manner. Our Sushi King apps has garnered a membership of 560,453 as at 31
December 2019 which proves the strength of and consumer confidence in our brand.
The US-China trade war has resulted in severe raw material price reduction, unstable supply and demand and keen
competition affecting margins. Our Industrial Division cushioned this impact by increasing sales volumes and recorded
marginally lower revenue of RM442.0 million (FY 2018: RM445.3 million) and lower pre-tax profits at RM4.6 million
(FY 2018: RM5.4 million). The Division ceased its distribution of food additives in Vietnam due to severe competition
resulting in pre-tax loss amounting to RM0.4 million. Meanwhile, diversification into the manufacturing of latex glove
chemicals is progressing as planned.
Polymer Engineering Division recorded a lower revenue of RM203.8 million (FY 2018: RM209.6 million) as well as
a lower pre-tax profit of RM0.2 million (FY 2018:RM4.1 million). As anticipated, the Division was impacted by the
slowdown in the HDD industry which saw a 9.6% drop in our revenue from this business segment. Meanwhile, our
continual non-HDD base diversification strategy is paying off as our MLS business segment reaped a 14.5% revenue
growth.
Food Division was the bright spark in FY 2019 for the Group where we saw strategies in change management yield
positive results. Revenue increased from RM165.7 million in FY 2018 to RM187.5 million in FY 2019 and recorded a
pre-tax profit of RM0.3 million representing a turnaround from the pre-tax loss of RM6.5 million in FY 2018.

Posted by wah168 > 2020-06-03 15:11 | Report Abuse

wake up and next target gem

Posted by sapurakencana > 2020-06-03 20:26 | Report Abuse

sense maker,i notice this : starting latex glove chemicals manufacturing.But what item of chemical?
because the chemical they produce may be only contain 5% in latex glove.the margin derive from industries section very thin.(from 10 year annual report)If they just start tap into this section ,it may be incurred capital expenditure which will increase cost of sales,am i right.

Posted by Cheongster1715 > 2020-06-03 23:18 | Report Abuse

They are 2 main process in gloves. They called it dipping and wetting process. This normally doing in 2 different process and using 2 different type of chemicals. Texchem is the sole distributor for the surfantant suphynol TG whereby can combine 2 process into 1. Just imagine now the order of gloves is crazy and production is pack., definitely all gloves company want to save time and smooth production. This item contribute very high margin for texchem as the surfactant is superb effective.

Posted by wah168 > 2020-06-04 10:09 | Report Abuse

NTA RM1.9 !!!

Posted by Richard Lee > 2020-06-04 10:16 | Report Abuse

We believe that innovation is the linchpin of success; a catalyst for advancements, it breathes life to ideas and invites limitless possibilities. Committed to upholding our passion for excellence, we are immensely invested in R&D endeavours to boost our Divisions and elevate the Group towards greater achievements

Posted by Richard Lee > 2020-06-04 10:17 | Report Abuse

Texchem Materials Sdn Bhd [199901012055 (486955-M)]
Texchem Malaysia Sdn Berhad [197301002067 (15608-V)]
New Material (Malaysia) Sdn Bhd [198901012436 (189744-V)]
Lifeon Asia Sdn Bhd [201501006207 (1131539-X)]
Texchem Singapore Private Limited
Texchem Materials (Thailand) Ltd
PT. Texchem Indonesia
Texchem Materials (Vietnam) Co Ltd
Texchem Food Materials (Vietnam) Co Ltd