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

Texchem Polymer Engineering Sdn Bhd [201401000097 (1076167-T)]
Texchem-Pack (M) Sdn Bhd [197901000413 (44673-D)]
Texchem-Pack (Johor) Sdn Bhd [199301017194 (271932-P)]
Texchem-Pack (PP) Sdn Bhd [197901009434 (53719-T)]
Eye Graphic Sdn Bhd [199001015004 (206673-D)]
Texchem Life Sciences Sdn Bhd [199001010362 (201932-M)]
Texchem Advanced Products Incorporated Sdn Bhd [200901029123 (872228-T)]
Texchem-Pack (Thailand) Co Ltd
Texchem-Pack (Vietnam) Co Ltd
PT Eye Graphic Indonesia

Posted by Richard Lee > 2020-06-04 11:00 | Report Abuse

the group is huge. don't just listen to sapurakencana that Dato Konishi more concentrate on restaurant rather than other section

Japanese is not stupid. He know when to act to make the company better

Posted by Sebastian Power > 2020-06-04 11:58 | Report Abuse

maybe sapura suka makan sushi. Sushi is over. Now is chemical, All the chemical company growing due to low crude oil, another business to provide to health and ppe sector also expanding

Posted by wah168 > 2020-06-04 12:40 | Report Abuse

agreed to sebastian power

Posted by sapurakencana > 2020-06-04 12:49 | Report Abuse

Pls talk by fact. according to pass 5 years report,Industries section only contribute 35% of total revenue,& net profit less than 5% (from total industries section 2019 revenue 441mil & 4.360mil after tax).Trend may be change unless somebody can prove to me Revenue from industries section for current quarter wil double higher than previous quarter & margin will shut up to 16%,than may be this profit will cover loss incurred in restaurant

Posted by Richard Lee > 2020-06-04 15:55 | Report Abuse

that is funny.. why need somebody prove to you? You dont buy just diam diam. No need to shout.

obviously you miss the boat when 20-30cents then now sour grape. wakakak!!1

Posted by wah168 > 2020-06-04 15:57 | Report Abuse

yes, coming....

Posted by wah168 > 2020-06-04 15:59 | Report Abuse

NTA RM1.9 !!!

Posted by Sebastian Power > 2020-06-04 16:17 | Report Abuse

highest volume in 52weeks!

Posted by Richard Lee > 2020-06-05 08:59 | Report Abuse

apa macam today?

Posted by Richard Lee > 2020-06-05 09:06 | Report Abuse

somehow I feel that japanese do so many things. Not so focus.

I still dont understand why they enter to insurance business

Posted by wah168 > 2020-06-05 11:18 | Report Abuse

i did not realize that tex also do ins !!. this is good..

Posted by Sebastian Power > 2020-06-05 12:01 | Report Abuse

not really good. You need to have a capable team if focus on too many business

Posted by sense maker > 2020-06-05 13:33 | Report Abuse

No insurance biz lah. Mana ada? Ah yap and Japanese boss like to mention the company generates positive operating cash flow but they invariably didn’t continue to say that the amount is smaller than the combined big capex and income taxes It needs to pay. This causes net cash outflow from the company each year. That’s why cannot pay dividend for two years by now. He thinks the shareholders are stupid or what. If manufacturing latex glove chemicals can make money, then do it. Fund the capex by selling non-core biz and assets.

Posted by thomc > 2020-06-05 13:50 | Report Abuse

that's why lo... apa apa business also do but all also making loss... they think the shareholder is blind...the management need to take up the responsibility

Posted by Sebastian Power > 2020-06-05 15:47 | Report Abuse

that block at 445cents obviously is share buy back

long long time no buy back liao

Posted by Richard Lee > 2020-06-08 11:52 | Report Abuse

https://texchemrisk.com/portfolio/motor-insurance/

Itu bukan insurance kah?

Don't be budak kampong. Need always check google and facebook to know the development. Don't always think of sushi only. the world is changing every second

Posted by sense maker > 2020-06-08 13:13 | Report Abuse

No performance has been reported all these years. Just sitting on a licence? It’s other biz segment, if it includes insurance, has been reporting minimal revenue with losses.

Posted by Sebastian Power > 2020-06-09 09:13 | Report Abuse

relax bro. Buy or sell share only control by your own fingers. Enjoy!

Posted by investor69 > 2020-06-09 10:42 | Report Abuse

Hope this share is going to getting busy !!.. time to up..

Posted by Sebastian Power > 2020-06-09 19:02 | Report Abuse

If the QR still ugly then talk until can fly also no point

Posted by Richard Lee > 2020-06-10 09:24 | Report Abuse

hahaha.. while you all still gossiping texchem already hit 6months high! I will start to dispose after earn 70-80%. Yum yum!!!

Posted by Sebastian Power > 2020-06-10 09:30 | Report Abuse

hebatttttttttttttttttt

Posted by newtech > 2020-06-10 13:01 | Report Abuse

the concern now is this stock is super undervalue

Posted by calvintaneng > 2020-06-10 21:18 | Report Abuse

TEXCHEM (8702) IS PIVOTING INTO GLOVE LATEX CHEMICALS & TEX FACE SHIELD, Calvin Tan Research

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-06-10-story-h1508724540-TEXCHEM_8702_IS_PIVOTING_INTO_GLOVE_LATEX_CHEMICALS_TEX_FACE_SHIELD_Cal.jsp

Posted by Cmhoon > 2020-06-10 22:38 | Report Abuse

Texchem Resources Bhd., an investment holding company, primarily is engaged in the trade of industrial chemicals and other products. Its Industrial segment is engaged in the trade of dyestuffs, textile auxiliaries, plastic resins, and chemicals used in the electronics, plastics, and other manufacturing industries. This segment operates principally in Malaysia, Thailand, Singapore, Myanmar, Indonesia, Vietnam, and the People's Republic of China. The company's Food segment manufactures and sells surimi, fishmeal, and other marine products, as well as operates a chain of retail sushi outlets. This segment operates principally in Malaysia, Myanmar, and Italy. Its Packaging segment is engaged in the manufacture and sale of packaging products for the electronics, electrical, semiconductor, and disk drive industries. This segment operates principally in Malaysia, Thailand, the People's Republic of China, and Vietnam. The company's Family Care segment manufactures and sells family care products and household insecticides. This segment operates principally in Malaysia, Thailand, Vietnam, and Myanmar. Texchem Resources is also involved in trading and acts as an agent in electronic component parts and general merchandise. Further it is engaged in renting of property, plant, and equipment; providing agency, technical, management consulting, and advisory services; and manufacturing and selling household insecticides, as well as textile auxiliaries, chemicals, and finishing resins. The company was founded in 1973 and is based in Penang, Malaysia.

Posted by Cmhoon > 2020-06-10 22:42 | Report Abuse

We refer to the announcements made by Texchem Resources Bhd. (“TRB”) on 6 May 2014, 12 May 2015, 29 April 2016, 15 May 2017, 9 November 2017, 27 April 2018, 8 November 2018, 10 May 2019 and 4 November 2019 in relation to the above matter.
 
As at to-date, Texcorp, a 73.94% owned subsidiary of TRB, holds 18,144,309 ordinary shares in TRB, representing 15.05% of the total number of issued shares of TRB (“TRB Shares”).
 
Pursuant to Section 22(5)(b) of the Companies Act 2016 (“Act”), Texcorp is required to dispose of all its shareholding in TRB within twelve (12) months or such longer period as the Companies Commission of Malaysia (“CCM”) may allow. Following thereto, Texcorp has on 14 April 2020 submitted an application to CCM for an extension of time to dispose of the TRB Shares.
 
The Board of Directors of TRB wishes to announce that Texcorp has on 7 May 2020 received the letter of approval dated 4 May 2020 from the Registrar of CCM for a further extension of time of six (6) months to comply with Section 22(5)(b) of the Act, namely the new deadline for Texcorp to dispose of the TRB Shares is 15 November 2020.  Pending the disposal of the TRB Shares, Texcorp shall have no right to vote at meetings of TRB or any class of members of TRB.
 
The aforesaid approval granted by CCM is conditional upon Texcorp lodging the duly executed and affirmed original documents, which were previously submitted to CCM via e-mail, and payment of RM100 lodgment fee to CCM within 30 days from the end of the Movement Control Order in Malaysia (“MCO”).  Texcorp has undertaken to fulfil the above conditions as soon as the MCO is lifted. 
 
This announcement is dated 8 May 2020.

Posted by Cmhoon > 2020-06-10 22:43 | Report Abuse

BOD tussle? After 2014 Texcorp shares disposal announcement ...FY17 , FY18, FY19 is at Loss .

===========

As at to-date, Texcorp, a 73.94% owned subsidiary of TRB, holds 18,144,309 ordinary shares in TRB, representing 15.05% of the total number of issued shares of TRB (“TRB Shares”).
 
Pursuant to Section 22(5)(b) of the Companies Act 2016 (“Act”), Texcorp is required to dispose of all its shareholding in TRB within twelve (12) months or such longer period as the Companies Commission of Malaysia (“CCM”) may allow. Following thereto, Texcorp has on 14 April 2020 submitted an application to CCM for an extension of time to dispose of the TRB Shares.

Posted by Cmhoon > 2020-06-10 22:43 | Report Abuse

CFO is changed 3 times in less than 1.5 years :


29/5/2020 : CFO is resigned .

22/5/2020 : Dato Danny , Non Exec. Director will be resigned on 25/6/2020

1/1/2020 : CFO is resigned .

23/4/2019 : ED is retired at age 59 .

1/1/2019 : CFO is retired at age 60 .

17/10/2018 : Deputy Chairman is resigned.

Posted by Cmhoon > 2020-06-10 22:44 | Report Abuse

referred to FY19 audited annual report:

The Industrial Division will continue organically grow its core business and intensify diversification efforts into the LATEX glove chemicals and food chemicals segment.

>>> is Latex glove chemicals... is not Nitrile medical gloves which is in sudden high demand due to Covid-19 Pandemic.

Posted by Cmhoon > 2020-06-10 22:47 | Report Abuse

and still need intensify diversification, the sudden surge high demand of nitrile medical gloves is expected to be ease by end of this year .

Posted by Cmhoon > 2020-06-10 22:47 | Report Abuse

PPE : 176,427,000

Cash and cash equivalents: 88,009,000

Long term borrowing: 17,383,000

Short term borrowing: 163,299,000

Gearing ratio : 0.683

Posted by Cmhoon > 2020-06-10 22:49 | Report Abuse

6 years Revenue & Profit Trend :

FY14 : 1022 mil, Profit = 3.53 mil , 0.3 %
EPS = 0.95 sen

FY15 : 1054 mil , Profit = 10.1 mil, 1.0 %
EPS = 8.09 sen

FY16 : 1036 mil , Profit = 3.3 mil, 0.3 %
EPS = 2.64 sen

FY17 : 1109 mil , Loss = ( 3.3 mil , 0.3 % )

FY18 : 1129 mil , Loss = ( 6.8 mil , 0.6 % )

FY19 : 1135 mil , Loss = ( 6.9 mil , 0.6 % )

>>>>>

Latest 3 Financial Year is at Loss , No P/e ratio ..

Posted by COW666 > 2020-06-10 23:20 | Report Abuse

wow lugi 3 taun turut2...mau masuk pat taun lugi. bagus bagi goreng kau kau

Posted by Cmhoon > 2020-06-11 05:59 | Report Abuse

Summary
Market Cap: 67 M.
Number of Shares: 124 M.
Float: 99.65%.

Although number of issued shares is relatively small but Float % is high .

Posted by Sebastian Power > 2020-06-11 08:03 | Report Abuse

That salesman VIN come do marketing again. Hahaha.. we all know texchem in ppe business since 1-2months ago. Now you just blow.. 20-30cents we sapu liao now you come here blow smoke

for newbie, before just please make some study. Dont just listen to here and there then buy

This counter is not bad but is not for goreng just to earn 5% kopi

Posted by Richard Lee > 2020-06-11 08:53 | Report Abuse

hahahahah... if that pastor Calvin no promote I where got chance to dispose

Posted by calvintaneng > 2020-06-11 10:32 | Report Abuse

Very good

Luxchem was promoted at 47 sen with lots of doubters as well

Now luxchem over 80 sen

Texchem now is pivoting into glove chemicals

Latex comes from rubber trees
Nitrile comes from oil

Both are Texchem 's expertise

Texchem, luxchem and samchem have identical industries but different application

So change of manufactures very easy as Texchem already got all the factories with all the machineries in place

Swift as they made Texshield so will they change to both latex and nitrile for gloves as they are now progressing

Many healthcare stocks are bidded up just on JV stage or have not even bought their lands to build factories

When Calvin visited GSB condo in JB Calvin saw Texchem factory just next door



Coming up next post

Texchem versus Luxchem

Compare and Contrast their assets and potential

Posted by calvintaneng > 2020-06-11 10:45 | Report Abuse

Richard Lee

Calvin happy you made money

Listen

Calvin bought Comfort glove at 88.5 sen both from Kl remisier and Johor

When comfort glove reached Rm1.27 I sold comfort glove at Rm1.27 and took profit from my Kl holding

88.5 sen to Rm1.27 already up 38.5 sen or up 43.5%

Then Comfort glove still go up and up to near Rm3.00

Then I sold off balance comfort glove around Rm3.00(jb accounts)

So I was happy to sell at Rm1.27

But I was very very happy to sell those at Rm3.00

So can take profit at 55 sen or 65 sen or Rm1.00 or even Rm2.00 is really up to each and every happy investor

Posted by calvintaneng > 2020-06-11 11:53 | Report Abuse

Time to buy Texchem on weakness

Posted by calvintaneng > 2020-06-11 12:30 |

Post removed.Why?

Posted by jjohnchew > 2020-06-11 13:04 | Report Abuse

Ho ho is blowing balloon again...

Posted by jjohnchew > 2020-06-11 13:05 | Report Abuse

each year at least promoted 40 counters , 7 years is 280 counters , only 10 made profit ?? haha

Posted by jjohnchew > 2020-06-11 13:08 | Report Abuse

what about Scomies? Parkson ? Muiind?Talamt? Destini? Bjcorp ?

Posted by stockraider > 2020-06-11 13:08 | Report Abuse

Lets be honest lah....!!

U have more than 100 ids...if say 1 id u promote 1 counter u be promoting more than 100 counters a year mah...!!

Surely that is more than sifu calvin loh...!!

Posted by jjohnchew > Jun 11, 2020 1:05 PM | Report Abuse

each year at least promoted 40 counters , 7 years is 280 counters , only 10 made profit ?? haha

Posted by jjohnchew > 2020-06-11 13:11 | Report Abuse

an ethical Sifu Philip listed your 2019 40 counters , 38 counters are at Loss before MCO . After MCO all are diving ...

Posted by jjohnchew > 2020-06-11 13:12 | Report Abuse

just for 5% Kopi , so hardworking, hahaha.

Posted by stockraider > 2020-06-11 13:13 | Report Abuse

Sifu Philip do not know what r your other 100 ids mah...!!

If he list U all the other ids also will shows alot at loss loh....!!

Posted by jjohnchew > Jun 11, 2020 1:11 PM | Report Abuse

an ethical Sifu Philip listed your 2019 40 counters , 38 counters are at Loss before MCO . After MCO all are diving ...

Posted by jjohnchew > 2020-06-11 13:21 | Report Abuse

see raider partner with kon artist in Insas warrant B kon show just for investment RM 5000 .

Posted by jjohnchew > 2020-06-11 13:23 | Report Abuse

ho ho who r these :

calvin/ TheSecret / TheCatalyst / Bagancapital / Tony / Sandra/ polycarp/ sammj/ simone