So sad to see my favourite Texchem drop everyday. Hope the dark will end soon. I like Texchem because it is really undervalue, and I like chemical industries as I believe they will be continue growth for coming few years. That is why LUXCHEM, HEXTAR, SAMCHEM all focus on expansion, merger & acquisition recently.
Hi Xxxting... Yes, I am still holding Texchem, holding more n more. My target very simple, now market cap is RM109mil. Just the sush king franchise is worth RM100-200 mil minimum. The industrial chemical business easily another RM100-150mil minimum. Plus some other business, property, land, another RM50-100mil minimum
Result out, a bit disappointed, but expected as MCO 3.0 really affect Sushi King a lot. Beside that, Q2 normally is the weakest quarter for Texchem (even before covid-19 pandemic),because of the 1 month Puasa did affect Sushi King a lot.
Fortunately, the Polymer and Industrial Chemical business is still doing well, this two segment minimum can generate RM20mil per annum. If based on recently M&A transaction in the chemical industry, the PE should be around 12 times. So this two segment worth at least RM240mil, while the company current market capital is RM100mil only.
Hidden gem. Though mco will make business big losses but unexpected stil can remain gain. The other 2 sector demand increase lot, after MCO lifted, sushi king result should be back.
Yup , now sushi king can dine in alrdy , with 2 dose vaccinated. Hopefully this sushiking no longer loss money . (Dun earn nvm, others sector like manufacturing / polymer ) sector will enough to give good profit
Sushi King business is very good. Chemical business also very good. LifeScience business also very good. Myammar fisheries business back to normal. Property is at strategic location. Property market value is much much higher than book value. NTA RM2.00 124mil share only. Market cap RM111mil. Last time Chicken Rice Shop sold to Japanese buyer for RM200mil. Don't you think Sushi King will worth at least RM300mil.
Sushi King business is very good. Chemical business also very good. LifeScience business also very good. Myammar fisheries business back to normal. Property is at strategic location. Property market value is much much higher than book value. NTA RM2.00 124mil share only. Market cap RM111mil. Last time Chicken Rice Shop sold to Japanese buyer for RM200mil. Don't you think Sushi King will worth at least RM300mil.
1st TP - RM0.90 (Achieved, and stay firm above it) 2nd TP - RM1.10 (Achieved, but drop back, will touch it again soon) 3rd TP - RM1.30 (Coming soon)
Sushi King business is very good (super good, need to wait for seat). Chemical business also very good. (No more MCO, can run at 100% capacity) LifeScience business also very good. (No more MCO) Myammar fisheries business back to normal. (Political more stable compare to last quarter) Property is at strategic location. (waiting for revaluation) Property market value is much much higher than book value. NTA RM2.00 124mil share only. Market cap RM111mil.
Last time Chicken Rice Shop sold to Japanese buyer for RM200mil. Don't you think Sushi King will worth at least RM300mil.
Hextar bought a lot of chemical company at high price. If Hextar want to acquired Texchem Chemical business (Industry chemical + Life Science), I think minimum it will offer RM300mil.
So, TEXCHEM is worth RM300m + RM300m = RM600m.
RM600mil / 125mil unit of share = RM4.80 per share.
Give it a superb durian runtuh discount of 50%, still worth RM2.40 minimum.
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Investformilkmoney
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Posted by Investformilkmoney > 2021-06-11 12:09 | Report Abuse
Seems many counter to hold tight tight like Texchem.