Posted by calvintaneng > 2020-06-27 12:08 | Report Abuse

Warren Buffet said

You don't drive a car by looking at the rear view mirror

Yes of course Calvin has observed the past mistakes and losses of Texchem

It's sushiking was impacted by mco lock down

MCO lock down also affected many other businesses as well so it is a one off freak event.

Now the bad years of losses are already reflected in Texchem"s share price falling from Rm1.00 to only 48 sen

So this last bad quarter is already expected

We now look forward to the game changer which will change the fortunes of Texchem for the better

1. Texchem is pivoting it's business of manufacturing Rubber goods to rubber gloves latex

From polymer to nitrile gloves chemicals

Ample time is given as Topglove already stated that all it's rubber latex gloves future production is locked in for 400 days

So Texchem Rm400 millions revenue will now turn in that direction for upcoming demand

Texshield already in place and sells like hotcakes worldwide (many Malaysia Companies only got JV or just in proposal

So Texchem has joined the race while others have just only mooted the idea.

Texchem also sells face masks

Texchem has also gone into sanitizer production

So Texchem is just at the verge of transformation to become another Luxchem , samchem or Hexza

So see the "future"!!!

The future is very bright

Above all Texchem Net Assets are over Rm1.90
Has many industrial factories

So it has huge potential and fire power !!!

Posted by Citadel12 > 2020-06-27 13:29 |

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Posted by apolloang > 2020-06-27 14:05 | Report Abuse

uncle koon said look at the profit growth not assets or the company cash cos the director not giving to shareholders.texchem reported loss so 40cts kambing

Posted by birkincollector > 2020-06-27 14:10 | Report Abuse

aiya calvin..if u cuncun call...then u would not suggest to buy right before this quarter result out because u should know it would be bad results, based on your cuncun interpretation......however u bought because u imagined the results would be fantastic right?

Posted by Cmhoon > 2020-06-27 15:03 |

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Posted by calvintaneng > 2020-06-27 15:29 | Report Abuse

NEXT QUARTER WILL BE BETTER BECAUSE APRIL TO JUNE SALES OF TEX FACE SHIELD SKY ROCKETING

SALE OF SANITIZER GAME CHANGER

SALE OF NITRILE GLOVE CHEMICAL WILL ALSO BE REPORTED

See

https://www.google.com/search?source=univ&tbm=isch&q=TEXSHIELD+photo&sa=X&ved=2ahUKEwjywdybvKHqAhXJT30KHfj0AwYQsAR6BAgFEAE&biw=1024&bih=386

Posted by Cmhoon > 2020-06-28 12:16 |

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Posted by calvintaneng > 2020-06-28 13:51 | Report Abuse

Why always so backward?

Listen to Sifu Warren Buffet

You don't drive a car looking at rear view mirror

Look ahead!

Game changers are

1. Rm400 revenue will turn to glove chemical manufactures

2. Texsield selling like hot cakes

3. Distribution of face masks

4. Making sanitizer

Texchem?

Transformed Chem!!!

Posted by calvintaneng > 2020-06-28 13:52 | Report Abuse

Texchem huge fire power

It can turn it's Revenue of almost Half Billion ringgit to making nitrile gloves chemical in no time

Posted by chkhooju > 2020-06-28 14:38 |

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Posted by calvintaneng > 2020-06-28 15:20 | Report Abuse

No leh

Not dreams

investments must be based on FACTS

Management already stated they going to make GLOVE CHEMICALS

TopGove already STATED their GLOVES HAVE BEEN PRE SOLD UP TO 400 DAYS

These are REVEALED FACTS

Latest Quarter

They Said Ditribute Face Masks & Making Sanitizer

And This One Already Selling Like Hot Cakes

See

https://www.google.com/search?source=univ&tbm=isch&q=texshield+photo&sa=X&ved=2ahUKEwio36Oe_KPqAhWIcn0KHd0HBRYQsAR6BAgHEAE&biw=669&bih=437

Posted by Cmhoon > 2020-06-28 22:24 |

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Posted by calvintaneng > 2020-06-28 22:35 | Report Abuse

Whatever mco or Rmco all companies including bankrupt zelan also subject to

Now we look for mco uplift as Roaring sales of Gloves will be very very very good for Texchem as it's Huge Rm400 plus Millions Revenue will get a titanic shift into manufacture of latex and nitril glove chemicals

Skyrocketing sales of Texshield immense Success!

Manufactures of hand sanitizer plus distribution of face masks also game changer

Better hurry buy!!!

Posted by Cmhoon > 2020-06-29 08:22 |

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Posted by calvintaneng > 2020-06-29 09:02 | Report Abuse

Still looking backward?

Top Jap Boss is in full control

1. He changes direction

Going into glove chemical production big time
Texshield already Big success
Distribute face mask
Going into hand sanitizer manufactures

All the correct moves that will bring Texchem to new life and glory

Posted by Cmhoon > 2020-06-30 08:09 | Report Abuse

so scare like .....

Posted by Cmhoon > 2020-06-30 08:10 | 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 > 2020-06-30 08:12 | Report Abuse

Texcorp need to dispose all of its 15% TRB shares latest by 15/11/2020.

Posted by Cmhoon > 2020-06-30 08:12 | 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 > 2020-06-30 08:13 | 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 > 2020-06-30 08:13 | 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 > 2020-06-30 08:14 | 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 > 2020-06-30 08:15 | Report Abuse

6 years Revenue & Profit Trend , and FY20(1Q) :

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 % )

FY20 ( 1Q ended March) : 252 mil , Loss= ( 6.9 mil , 2.8 % )

>>>>>

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

FY20 1 st Quarter is Loss more ( 2.8 % ) .

Posted by Cmhoon > 2020-06-30 08:16 | Report Abuse

2nd Quarter from April to June will be worst.....due to MCO , CMCO , RMCO and foreign workers issue .

Posted by calvintaneng > 2020-06-30 10:47 | Report Abuse

Look ahead
Look at Topglove boss said sales of gloves till 400 days fully booked

To produce more topglove begging for more nitrile chemicals

Texchem offers timely help by converting it's Half Billion industrial chemical to glove chemicals

Topglove might also take texchem private

Top glove like Sri Trang Thailand also planted their own rubber plantations

So if Topglove takes Texchem private how much?

Rm1.00 or full Nta price is Rm1.90

Hohoho