Posted by Cmhoon > 2020-07-08 22:41 | Report Abuse

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

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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 > 2020-07-08 22:42 | 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 > 2020-07-08 22:43 | 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 % )

Posted by calvintaneng > 2020-07-08 22:48 | Report Abuse

Cmhoon same and dumb as 3iii cannot see that TEXCHEM is a cyclical turnaround company

Read this

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2019-12-03-story242906-THE_PROBLEM_OF_3iii_IS_HE_HAS_TUNNEL_VISION_IN_INVESTMENT_HE_CANNOT_SEE_WHAT_OTHERS_SEE.jsp

Posted by calvintaneng > 2020-07-08 23:02 | Report Abuse

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-07-08-story-h1509826008-THE_PROBLEM_OF_MIKECYC_AKA_JJOHNCHEW_OR_CMHOON_IS_HE_HAS_TUNNEL_VISION_.jsp

Posted by calvintaneng > 2020-07-08 23:28 | Report Abuse

HI GUYS

SEE TEX VIEW SEPT 2019 ARTICLE WHEN TOP GLOVE PEOPLE VISITED TEXCHEM LATEX GLOVE FACTORY

https://www.google.com/search?q=Article+by+Yeoh+Hoon+Suan+(Texchem+Malaysia+Sdn+Bhd)+%26+Chin+Sye+Cheng+(Texchem+Resources+Bhd)&oq=Article+by+Yeoh+Hoon+Suan+(Texchem+Malaysia+Sdn+Bhd)+%26+Chin+Sye+Cheng+(Texchem+Resources+Bhd)&aqs=chrome..69i57.2606j0j7&sourceid=chrome&ie=UTF-8

Posted by Mikecyc > 2020-07-08 23:30 |

Post removed.Why?

Posted by Mikecyc > 2020-07-08 23:31 | Report Abuse

See he missed the glove stocks become brain crashed as is Not NFCP stocks.

calvintaneng Spore leading Malaysia in glove

Malaysia = Malu-sia
01/06/2020 10:00 AM

Posted by Mikecyc > 2020-07-08 23:33 |

Post removed.Why?

Posted by calvintaneng > 2020-07-08 23:33 | Report Abuse

Article by Yeoh Hoon Suan (Texchem Malaysia Sdn Bhd) & Chin Sye Cheng (Texchem Resources Bhd). On 18 September 2019, the team from Top Glove

Posted by calvintaneng > 2020-07-08 23:35 | Report Abuse

https://www.google.com/search?q=Article+by+Yeoh+Hoon+Suan+(Texchem+Malaysia+Sdn+Bhd)+%26+Chin+Sye+Cheng+(Texchem+Resources+Bhd)&oq=Article+by+Yeoh+Hoon+Suan+(Texchem+Malaysia+Sdn+Bhd)+%26+Chin+Sye+Cheng+(Texchem+Resources+Bhd)&aqs=chrome..69i57.2606j0j7&sourceid=chrome&ie=UTF

Posted by Mikecyc > 2020-07-09 22:25 |

Post removed.Why?

Posted by Mikecyc > 2020-07-09 22:30 | Report Abuse

FY20 Q2 ended June will be worst due to MCO , CMCO, RMCO and foreign workers issues .

Posted by ooi8888 > 2020-07-09 22:30 | Report Abuse

don't worry, the pastor from singapore will sapu all 15%

Posted by Mikecyc > 2020-07-09 22:44 |

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Posted by Mikecyc > 2020-07-09 22:45 |

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Posted by chkhooju > 2020-07-09 22:46 | Report Abuse

Plastic houses or paper houses?

Posted by calvintaneng > 2020-07-09 22:47 | Report Abuse

News all behind time

Latest news topglove JV with texchem for making latex chemicals for rubber gloves in Big Venture

Posted by calvintaneng > 2020-07-09 22:49 | Report Abuse

Topglove boss has been telling all to make more glove chemicals as demand now exceed supply by VERY HUGE MARGIN

TEXCHEM GOT 10 FACTORIES (MORE THAN LUXCHEM AND SAMCHEM)

TEXCHEM WILL GET HUGE SHARE OF GLOVE CHEMICAL BUSINESS

BETTER HURRY BUY TEXCHEM

Posted by calvintaneng > 2020-07-09 22:50 | Report Abuse

You don't wait to buy Texchem

You buy Texchem then wait

Posted by Mikecyc > 2020-07-09 22:56 |

Post removed.Why?

Posted by Mikecyc > 2020-07-09 22:58 |

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Posted by calvintaneng > 2020-07-09 23:04 | Report Abuse

Texchem will turn into

Top chem

Got Topglove so got Topchem

Posted by calvintaneng > 2020-07-09 23:21 | Report Abuse

Study this VERY VERY CAREFULLY

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-07-08-story-h1509826036-Texchem_Malaysia_s_Transformation_to_venture_into_formulate_Latex_Glove.jsp

Posted by calvintaneng > 2020-07-10 09:46 | Report Abuse

Wahaha

Topglove in multi-year expansion will need lots and lots of Glove chemical

Same with Supermax kossan, harta, rubberex, comfort glove Sri Trang thai glove and spore uh healthcare and also Riverstone Singapore

There will be a mad stampede searching and securing Glove latex and nitrile chemical

So they will Rush to take over Texchem

Texchem got the largest amount of warehouses lands and factories in johor, Selangor Penang and Thailand

10 Big Production Factories (more than Luxchem and Samchem combined)

So Topglove better Act Fast

Take over Texchem

Then rename to TopChem

So Topglove got TopChem

Topglove - World Biggest Glove producer

TopChem - World largest Glove chemical producer

Posted by Mikecyc > 2020-07-10 10:25 |

Post removed.Why?

Posted by dollardollarbill > 2020-07-10 10:26 | Report Abuse

Karyon, an alternative to Texchem

KARYON (0054), potential beneficiary of surging glove production [$$bill]
https://klse.i3investor.com/blogs/dollardollarbill/2020-07-09-story-h1509827770-KARYON_0054_potential_beneficiary_of_surging_glove_production_bill.jsp

Posted by Mikecyc > 2020-07-10 10:28 | Report Abuse

Table 2 – Top Global Manufacturers and Producers of Nitrile Gloves based on Industry Research’s 2019 Global Market research report

Note – Annual revenue values derived from company websites and annual financial reports.
Company Name Location Estimated Annual Revenue


AMMEX Kent, Washington, USA Privately held
Ansell Richmond, Australia $1.499 billion
Aurelia Gloves Aurora, IL, USA Privately held
Barber Healthcare Leyburn, United Kingdom Privately held
Comfort Rubber Gloves Industries Perak, Malaysia $109.8 million
Dynarex Orangeburg, NY, USA Privately held
Hartalega Holdings Kuala Lumpur, Malaysia $655 million
Illinois Glove Northbrook, IL, USA Privately held
Kimberly-Clark Irving, TX $18.45 billion
Kossan Rubber Selangor, Malaysia $492 million
Medicom Montreal, Canada Privately held
Renco Corporation Manchester, MA Privately held
Riverstone Selangor, Malaysia $211.8 million
Rubberex Perak, Malaysia $47.6 million
Semperit Vienna, Austria $925 million
Sempermed North Clearwater, FL, USA $925 million
Synthomer Essex, United Kingdom $1.81 billion
Tan Sin Lian Johor, Malaysia Privately held
Top Glove Shah Alam, Malaysia $1.1 billion
United Glove Newton, NC, USA Privately held
VWR Radnor, PA, USA $1.52 billion

YTY Group Kuala Lumpur, Malaysia $10.8 billion

Shandong Yuyuan Shandong, China Privately held
Zhangjiagang Dayu Jiangsu, China Privately held

Posted by calvintaneng > 2020-07-10 10:54 | Report Abuse

BEST KEPT SECRET PROXY STOCK TO TOPGLOVE, SUPERMAX, KOSSAN, HARTA , COMFORT, RIVERSTONE, UG HEALTHCARE, SRI TRANG BULL RUN

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-07-10-story-h1509833698-BEST_KEPT_SECRET_PROXY_STOCK_TO_TOPGLOVE_SUPERMAX_KOSSAN_HARTA_COMFORT_.jsp

Posted by calvintaneng > 2020-07-10 11:00 | Report Abuse

SEE FULL ARTICLE WITH TOPGLOVE VISITING TEXCHEM FACTORY ( texview-2019-q3)


Read again

Top Glove conducted an audit and Texchem Malaysia passed the audit and will be one of their
approved vendors. This is a big step ahead for Texchem Malaysia and with the strong and dedicated team, the company is poised for
greater growth in the future.

READ IT ONE MORE TIME IN BOLD LETTERS!

1. TOP GLOVE CONDUCTED AN AUDIT AND TEXCHEM PASSED THE AUDIT

(Anzo has not even set up its production much less will it pass the stringent test)

2) TEXCHEM WILL BE ONE OF TOPGLOVE APPROVED VENDORS

3) BIG STEP AHEAD FOR TEXCHEM MALAYSIA

4) STRONG & DEDICATED TEAM - THE COMPANY IS POISED FOR GREATER GROWTH IN THE FUTURE
(Stupid mikecyc aka johnchew or cmhoon looks at past)

TEXCHEM LOOKS INTO THE FUTURE WITH TOPGLOVE!

Posted by ooi8888 > 2020-07-10 11:02 | Report Abuse

I think you have typo error, should be LUXCHEM

Posted by calvintaneng > 2020-07-10 11:10 | Report Abuse

Luxchem?

Luxchem was 47 sen when Calvin issued chun chun buy call

See https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-04-17-story-h1506016450-LUXCHEM_VERSUS_COMFORT_GLOVES_RUBBEREX_TOP_GLOVE_HARTA_SUPERMAX_Compare.jsp

CALVIN SOLD LUXCHEM ABOVE 80 SEN AND SWITCHED ALL INTO TEXCHEM BELOW 50 SEN

Why?

Luxchem only got 4 factories while TEXCHEM GOT 10 FACTORIES (ONE IN THAILAND CAN SERVE SRI TRANG GLOVES https://asia.nikkei.com/Business/Health-Care/Thai-medical-glove-maker-raises-482m-in-IPO-to-expand-production

Luxchem only allocate 20% to Glove chemical WHILE TEXCHEM GOING BIG TIME AT THE URGE & BEHEST OF TOPGLOVE

TEXCHEM!!! _ LOAD UP TEXCHEM NOW! NOW!! NOW!!!

Posted by Lanesra > 2020-07-10 11:27 | Report Abuse

calvin,, this is not a profit making money company. still losing money. maybe able to break even only la this quarter. hmmm

Posted by sapurakencana > 2020-07-10 11:32 | Report Abuse

now seem like calvin is lough to other competitor who against him.

Posted by sapurakencana > 2020-07-10 11:33 | Report Abuse

0.555 now game start!

Posted by Mikecyc > 2020-07-10 11:35 |

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Posted by Chee Poh Tay > 2020-07-10 11:36 | Report Abuse

tp?

Posted by Mikecyc > 2020-07-10 11:39 |

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Posted by sapurakencana > 2020-07-10 11:40 | Report Abuse

Calvin dont pump too big,RM1.50 is consider acceptable within 1 year time.

Posted by caveatemptor2050 > 2020-07-10 11:43 | Report Abuse

2013 texchem moved upwards from 40 Sen to 1.80
Similar pattern today going past 1m volume and 55 Sen upwards
Trend of going beyond 1.80
TQ Calvin for promoting and buying
With June results confirming profit again should trend above 2

Posted by sapurakencana > 2020-07-10 12:11 | Report Abuse

0.585 now

Posted by sapurakencana > 2020-07-10 12:11 | Report Abuse

pls reverse back so i can collect more

Posted by Fundamentalist91 > 2020-07-10 12:54 | Report Abuse

I have to say, good recommendation on this on Calvin. I thought of collecting another 10k at 0.40 but it seems that it might be too late now.

Now what I want to know is, whats the news that made this stock surge so much today? if there's a concrete news, I might buy more.

So far I find none, just speculations

Posted by Mikecyc > 2020-07-10 13:06 |

Post removed.Why?

Posted by Mikecyc > 2020-07-10 13:06 |

Post removed.Why?

Posted by Mikecyc > 2020-07-10 13:07 |

Post removed.Why?

Posted by sapurakencana > 2020-07-10 13:14 | Report Abuse

Dear Fundamentalis : There is no excited news,this counter up due to it paid up capital so small & outstanding only 44 mil.

Posted by sapurakencana > 2020-07-10 13:17 | Report Abuse

if today player can hold 1 month,what will happen next?

Posted by Fundamentalist91 > 2020-07-10 13:33 | Report Abuse

Ok thanks, i guess i'll just hold what I got. Food division will get hit hard, we'll see if the other division can cover the losses or not. Profit margin is my biggest concern, for a company that is consistent is making sales for more than 10 years, the operating margin is so awful, making more than a billion each year yet cant squeeze profit, on the other hand they're not making much loss also. The reason this stock is in my portfolio is for the industrial division that benefits from this situation, i got no worry bout food division getting back to normal revenue. So this stock is worth a small chunk of the portfolio to hold long term. Plus i do think its undervalued, no way you can find a company with 1b+ revenue with market cap 50m-70m, little to lose here.

Posted by thomc > 2020-07-10 14:01 | Report Abuse

Long time didn't bonus issue already...I am still holding this to turn into gem.