Posted by Albukhary > 2021-05-03 19:57 | Report Abuse

Although the latest quarter result below expectation, but based on market cap of RM146mil, NAT of RM2.10, the current share price RM1.18 is still considered cheap.

Posted by Thelastone > 2021-05-03 20:00 | Report Abuse

From eps -5.75sen in 1q20 to +5.5sen in 1q21 is damn good the results.
Even coming down from 7.92sen in 4q20 was also very good.Don’t forget we are currently still in covid pandemic and under Mco!In fact any company who can register positive results is already commendable!We need to look medium to look term.Conclusion is buy during price weakness!
Just my personal opinion

Posted by Albukhary > 2021-05-03 20:12 | Report Abuse

我想有个blogger有点误解了上个季度的RM3.5m折旧。该笔折旧不是开销，而是回拨。所谓的折旧回拨是指当公司发现之前的折旧的速度太快了，快过该资产的寿命，而决定把之前的折旧回拨，有点像 written back of impairment.

也就是说，上个季度RM9.5m的盈利，是加入的RM3.5m的回拨。 如果没有该笔回拨，那么公司的盈利应该在RM6m左右。

所以，其实这个季度并没有很差.

Posted by Xxxting > 2021-05-03 20:50 | Report Abuse

will collect more cheap price

Posted by samchong6891 > 2021-05-03 20:53 | Report Abuse

Albukhary 谢谢你的分享哦，我也以为是折旧

Posted by yuhang99 > 2021-05-03 22:18 | Report Abuse

我也是理解错误了，谢谢纠正

Posted by Thelastone > 2021-05-03 23:18 | Report Abuse

I think the company accountant could be using other method to calculate the depreciation ie sum of years’ digits or 150% declining balance method,not the usual straight line method!

Posted by Cockroach Paul Lee > 2021-05-04 00:11 | Report Abuse

Today comment on TEXCHEM from 1.33 down to 1.18 is : Panic Sell !
If 1.08 is Best Buy! If 0.99 is SUPER MEGA ATAOMIC NUCLEAR BOMB SALES ... hoot kao kao eeeeee......

Posted by DreamHunter > 2021-05-04 02:55 | Report Abuse

phewyyohhh

Posted by DreamHunter > 2021-05-04 02:56 | Report Abuse

why so big down aah

Posted by Xxxting > 2021-05-04 08:15 | Report Abuse

the more its drop. the more i add

Posted by caonima > 2021-05-04 09:55 | Report Abuse

yesterday flushed all bilis... now steady up to break new high again...

Posted by caonima > 2021-05-04 12:34 | Report Abuse

MCO on JAN21-FEB21, Myanmar political crisis, it still can produce the best ever Q1 result, i saw no reason not to keep this stock until nta RM2

Posted by Xxxting > 2021-05-04 19:58 | Report Abuse

lol today ady up 6% but close at same price. weird huh

Posted by i3lurker > 2021-05-04 20:00 | Report Abuse

sushi quality not there, sure many people will sell down

Posted by Cockroach Paul Lee > 2021-05-05 00:19 | Report Abuse

MCO 3.0 ,but business continues running as usual. Gogogo
Double digits growth on industrial division ... believe in Texchem management, greater patience greater rewards

Posted by Xxxting > 2021-05-06 10:09 | Report Abuse

waaa why keep dropping

Posted by AllYouCanBuy > 2021-05-06 11:53 | Report Abuse

On board 1.095

Posted by AllYouCanBuy > 2021-05-06 12:04 | Report Abuse

Today is a great day to buy. KLSE bloodbath!

Posted by Cockroach Paul Lee > 2021-05-06 19:50 | Report Abuse

1.08/1.09 bought! Top up every month ! Tq

Posted by Cockroach Paul Lee > 2021-05-06 23:36 | Report Abuse

Xxx, u came to the wrong stock. U should go datapred or tocean.... haha every day limit up

Posted by DreamHunter > 2021-05-07 01:06 | Report Abuse

ha ha ha

Posted by DreamHunter > 2021-05-07 01:06 | Report Abuse

yah kah

Posted by Xxxting > 2021-05-09 08:33 | Report Abuse

keep holding untill rm2 coming...cheers

Posted by AllYouCanBuy > 2021-05-10 11:14 | Report Abuse

Texchem OVERSOLD. Time to rebound.

Posted by Albukhary > 2021-05-10 11:25 | Report Abuse

I think it is time to accumulate more TEXCHEM at RM1.00 - RM1.10 level.

Posted by AllYouCanBuy > 2021-05-10 11:27 | Report Abuse

TP1. 80

Posted by Xxxting > 2021-05-10 21:11 | Report Abuse

mco 3.0. next quarter should be affected haih

Posted by Cockroach Paul Lee > 2021-05-10 23:19 | Report Abuse

Long way to go..... hold until Q4 la... let’s see can get bonus or dividend next year

Posted by caonima > 2021-05-11 11:10 | Report Abuse

who's that sh wanted to cutloss at 1.05 with 2767 lots to sell

Posted by MMCRMMCR > 2021-05-11 16:51 | Report Abuse

Good fundamental share, can hold

Posted by AllYouCanBuy > 2021-05-12 09:16 | Report Abuse

Texchem has shaken off panic sellers. Time to accumulate.

Posted by AllYouCanBuy > 2021-05-12 09:16 | Report Abuse

TP1. 50...hold until September.

Posted by Albukhary > 2021-05-12 15:32 | Report Abuse

Keep accumulate

Posted by happymiso > 2021-05-12 16:26 | Report Abuse

Cheap

Posted by AllYouCanBuy > 2021-05-20 19:38 | Report Abuse

Texchem has had near20% correction since the announcement of MCO 3.0.

Posted by i3lurker > 2021-05-20 19:43 | Report Abuse

with full operations and no MCO the fair price is 55 sen.

anything higher is just pure Goreng in action

Posted by Cockroach Paul Lee > 2021-05-20 20:28 | Report Abuse

0.55 accumulate 1m shares, can become top20 shares holders. Rm550k only. Worth it.

Posted by i3lurker > 2021-05-20 20:32 | Report Abuse

chemical trading nothing special you or anybody can do it also.
money can get license

sushi 8.00 per plate competitor only 3.88

Posted by Cockroach Paul Lee > 2021-05-20 20:42 | Report Abuse

Oh , anyone can do it?
U mean anyone can fly! Just like AirAsia , your favourite. Haha

Posted by AllYouCanBuy > 2021-05-21 08:45 | Report Abuse

There will not be full mco like mco1. 0. The government will be under pressure to give stimulus again. There will be enforced and upgraded SOPs.

Posted by Cockroach Paul Lee > 2021-05-27 15:59 | Report Abuse

Anyone attend AGM texchem? Got any news to share ?

Posted by Xxxting > 2021-05-30 01:36 | Report Abuse

r u guys still holding texchem?

Posted by Albukhary > 2021-06-03 00:41 | Report Abuse

感觉市场开始慢慢回来了。
希望这一两个月大家持有的股票慢慢涨上来。
只要你觉的这是个好公司，就继续持有吧。
套句冷眼的名句：-
有成长，不要卖。
成长长，长持有。
加油。

Posted by Investformilkmoney > 2021-06-05 10:49 | Report Abuse

Texchem no dividend date?

Posted by Albukhary > 2021-06-05 18:28 | Report Abuse

Texchem normally not given dividend, because its debt level is high. So it need cash to pare down its debt.

We buy Texchem for few reason :-

1) Share price is 50% of its NTA
2) Market cap now is RM118mil, PAT is around RM30-40mil.
3) Market cap is RM118mil, quarter revenue is RM260mil, annual revenue is RM1bil.
For a company that doing RM1bil business, the market capital only RM118mil, it is very very undervalue.
4) Chemical business - we foresee chemical industry will be doing very well this two year (i.e. PCHEM, LCTITAN, HEXTAR, LUXCHEM, NYLEX, ANCOM...etc), all Chemical business are doing very well, including Texchem. And Texchem is the cheapest among them.
5) Bonus issue, based on current reserve, the company can anytime announce 1:2 bonus issue.
if company continue to earn more profit for the next 3-4 quarter, then it can announced 1:1 bonus issue.

Posted by Investformilkmoney > 2021-06-05 21:34 | Report Abuse

@Albukhary thanks for the explanation. I was thinking of sushi king's business during MCO. Try to buy some share. I just join share market this week.

Posted by Xxxting > 2021-06-08 19:52 | Report Abuse

texchem ahhh texchemmm plss movee

Posted by AllYouCanBuy > 2021-06-09 16:39 | Report Abuse

My agent advised to hold tight tight until the next qr.

Posted by Albukhary > 2021-06-10 01:13 | Report Abuse

Yup, must hold tight tight... Once the engine start again, you will see it at RM2.00 d