Posted by samchong6891 > 2022-01-28 08:08 | Report Abuse

What big hint Powerplay666哥哥?

Posted by Nancy Boon > 2022-01-28 09:36 | Report Abuse

can tell us how far it can go...? Someone...thanks

Posted by Powerplay666 > 2022-01-28 17:19 | Report Abuse

Samchong.. Wait for the qr in Feb. Company has been buying back their shares all week including today.

Posted by winston1 > 2022-02-03 22:32 | Report Abuse

Possibly MGO soon

Posted by Albukhary > 2022-02-05 14:16 | Report Abuse

1st TP - RM0.90 (Achieved)
2nd TP - RM1.10 (Achieved)
3rd TP - RM1.30 (Achieved)
4th TP - RM1.75
5th TP - RM2.20
6th TP - RM2.80 (then proposed Bonus Issue or Share Split)

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 RM174mil.

Last time Chicken Rice Shop sold to Japanese buyer for RM200mil.
Don't you think Sushi King will worth at least RM400mil.
Why Texchem want to bought back the 28% from Yoshinoya？Maybe he already find a buyer, so he must buyback all the share, then only can dispose to new buyer at higher price.

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 + RM400m = RM700m.

RM700mil / 125mil unit of share = RM5.60 per share.

Give it a superb durian runtuh discount of 50%, still worth RM2.80 minimum.

U look at Ancom, it was below 50sen during Dec 2019. Then suddenly it climb to to RM3.50 within 2 years.

Posted by $$ BUYSELL $$ > 2022-02-06 13:09 | Report Abuse

52-week high gogogogogogogogogogogogogogogogogogogogogogogogogogogogogogogogogogog

Posted by Cockroach Paul Lee > 2022-02-07 20:40 | Report Abuse

Quantum leap … no joke … TEXCHEM Gogogo
Yahooooooooooo

Posted by Aaron_tan > 2022-02-07 22:43 | Report Abuse

What mean quantum leap ?

Posted by WE IN > 2022-02-07 22:51 | Report Abuse

mean　ｄｏｕｂｌｅ　ｊｕｍｐ

Posted by Aaron_tan > 2022-02-08 01:44 | Report Abuse

Oh ftom 0.7 to 1.4

Posted by Aaron_tan > 2022-02-08 12:54 | Report Abuse

Below 1.4 ….

Posted by Andy Hall > 2022-02-08 16:37 | Report Abuse

better buy pmbtech, another genetec

Posted by Powerplay666 > 2022-02-10 18:30 | Report Abuse

Slowly but surely.

Posted by Powerplay666 > 2022-02-10 20:41 | Report Abuse

MGO target? Majority shareholder has been buying back the shares since last month and now owns almost 50 % of the company. Hmm...

Posted by Harry > 2022-02-11 11:10 | Report Abuse

ya mgo at 1.0

Posted by winston1 > 2022-02-11 21:22 | Report Abuse

NTA is at 2.10. Most likely MGO will be above 1.80.

Posted by Harry > 2022-02-12 06:15 | Report Abuse

ukraine and russia war soon... good luck

Posted by Andy Hall > 2022-02-12 10:19 | Report Abuse

Guessing MGO no different to guessing 4D lottery …
Lol
Wake up
Unless you sleep next to the boss else can forget thoee MGO

Posted by Powerplay666 > 2022-02-12 14:04 | Report Abuse

Since its an open secret that profit will be somewhere between 8 to 10 million for Q4, that gives a quarterly eps of around 9 sen. If you annualised that forward, that's yearly eps of 36 sen. A very conservative pe ratio of 10 gives it a fair value price of rm3.60. Industrial and food divisions will be the superstars for the company.

Posted by Andy Hall > 2022-02-12 20:40 | Report Abuse

Powerplay666 no such thing lol

Posted by Albukhary > 2022-02-12 22:09 | Report Abuse

Look at BJFOOD performance, the share price almost limit up after the QR release.

Then you should know how good is the F&B industry in Q4'2021.

Sushi King in Mall is always full with patron.

Posted by Andy Hall > 2022-02-13 08:07 | Report Abuse

Powerplay, then you really newbie, bjfood price does not move a lot prior to the result, not even has volume
Texchem already moved so much and break new high
If good result also people will sell on news already

Posted by Powerplay666 > 2022-02-13 18:42 | Report Abuse

Albukhary... Looks like you are on the inside know too... Stay tuned!

Posted by Cockroach Paul Lee > 2022-02-14 02:22 | Report Abuse

Me , 2 years already in Texchem , I witnessed Albukhary here.
Congratulations Albu … and I congratulate to me myself too. Hahaha huat ah…

Posted by Andy Hall > 2022-02-14 17:01 | Report Abuse

War, all sinks

Posted by Powerplay666 > 2022-02-24 10:06 | Report Abuse

Qr expected out tonight. Price has been inching up in anticipation of good news.

Posted by benang > 2022-02-24 11:39 | Report Abuse

Any possibility of dividend,?

Posted by ironman118 > 2022-02-25 10:01 | Report Abuse

Last time, they paid 10sen dividend every year in 2015,2016,2017 and 2018. Then no more dividend in 2019,2020 and 2021 when it was loss making. Profit good should expect some dividend hopefully!

Posted by Albukhary > 2022-02-28 18:18 | Report Abuse

Above my expectation.

The management has done their best to achieve this fabulous result.

Let the market decide the price.

Posted by Alwinb > 2022-02-28 19:06 | Report Abuse

My only concern is that the receivables (145mil) and inventory (110mil) keep growing for the past few quarters. Hopefully, this is due to growing business turnover...

Posted by Powerplay666 > 2022-02-28 21:50 | Report Abuse

28 Feb 2022

Texchem
Post Q4 2021 Announcement

Reiterate buy with a valuation of RM2.25 to RM2.51 using PE 8 to 10 based on our FY 2022 estimated EPS of 28 Sen.

Fantastic result above expectation. Current share price at RM1.32, it is trading at PE6.43 based on FY 2021 EPS of 20.54.

We are PRUDENTLY estimating the FY 2022 EPS to be 28 Sen given all the Divisions are profitable. See the attached excel table on our logical basis. At PE 8 to 10, its valuation could range from RM2.25 to RM2.81. A better assessment would be after Q1 2022 result is announced by end April 2022 which we are expecting it to be in line with Q4 2021 performance.

We were convinced that Texchem had turned around since Q3 2020, Q4 2020 and Q1 2021 and derailed by the Covid 19 full MCO in May 2021. We had initiated a valuation of RM1.60 to RM2.00 post MCO in Oct 2021 as a recovery stock when it was less than RM1.00. The Q4 2021 result was out which is way above our estimation of EPS 10 Sen.

In Q4 2021, the Group achieved higher revenue of RM323.8 million (Q4 2020: RM270.3 million) and pre-tax profit of RM20.5 million (Q4 2020: pre-tax profit of RM15.4 million). The Q4 2021 profit after tax attributable to shareholders was RM16.533 mil with EPS of 13.71 Sen (Q4 2020: RM9.76 mil with EPS of 8.09 Sen)

For the FY 2021, the Group recorded revenue of RM1,087.3 million and pre-tax profit of RM30.7 million against FY 2020 revenue of RM1,017.7 million and pre-tax profit of RM1.4 million in YTD Q4 2020. The FY 2021 profit after tax attributable to shareholders was RM24.767 mil with EPS of 20.54 Sen (FY 2020: loss RM2.539 mil with LPS of 1.96 Sen)

Posted by Cockroach Paul Lee > 2022-02-28 23:24 | Report Abuse

TP 4 yahhhhhhooooooooooooo ….
I like to move it move it , I like to move it move it

Posted by troy88 > 2022-03-01 16:02 | Report Abuse

Fantastic results. Well done!

Posted by wallstreetrookie > 2022-03-01 16:09 | Report Abuse

I would sell this stock on any pump. Let's be honest, no one likes to eat at Sushi King

Posted by wallstreetrookie > 2022-03-01 16:12 | Report Abuse

Company is way too aggressive with their acquisitions. Peak earnings

Posted by wallstreetrookie > 2022-03-01 16:15 | Report Abuse

Unless something major happens, Texchem is a good short

Posted by samchong6891 > 2022-03-01 17:41 | Report Abuse

No one eat sushi king , how sushi king can earn so mich money ?

Posted by Cockroach Paul Lee > 2022-03-01 22:51 | Report Abuse

???????? wallstreetrookie ??? ??????????? ???????????????????????????????? respect and peace

Posted by Albukhary > 2022-03-02 13:46 | Report Abuse

wallstreetrookie, you must be non-malay.
SushiKing is now very popular in Malay market, as more n more malay can accept japanese food d.

Last time I have the same opinion like you, especially for Chicken Rice Shop. I was also wondering why got people want to eat Chicken Rice Shop. Until I saw their revenue n earning, then only I understand why it can last so long in the market.

Posted by wallstreetrookie > 2022-03-03 11:52 | Report Abuse

Correct

Posted by wallstreetrookie > 2022-03-03 11:56 | Report Abuse

I really want to like this company. Clean financials. But the management gave me a bad impression since 2016.

Posted by wallstreetrookie > 2022-03-03 11:58 | Report Abuse

However, I am still not shorting this company because I am worried that one day Texchem could follow Ancom and then my portfolio would be destroyed. Better not take the risk

Posted by wallstreetrookie > 2022-03-03 12:30 | Report Abuse

Believe in Albukhary's analysis. Syed Mokhtar Albukhary's i3 account hahaha

Posted by wallstreetrookie > 2022-03-07 15:48 | Report Abuse

Where is Albukhary? Lost his pants. haha

Posted by wallstreetrookie > 2022-03-07 16:38 | Report Abuse

This is why you don't trust 90% of companies listed on Bursa Malaysia. I've spoken to more than 50 board of directors, C-class executives in Malaysia. And most of them are highly unqualified, incompetent, greedy leeches. Less than 10% of the companies listed on Bursa is investable, the rest are hot garbage

Posted by The_JQuestion > 2022-03-07 16:42 | Report Abuse

investable one are the one nvr go up tho....they are boring and manage well nvr take any risk

Posted by wallstreetrookie > 2022-03-07 16:45 | Report Abuse

True, Texchem management really lost their trust a long time ago. No idea how they are going to recover. This company has solid fundamentals. They just need to stop being too aggressive with their expansion plans.

Posted by samchong6891 > 2022-03-07 19:12 | Report Abuse

Wallsteetrookie u wait texchem drop 99 , and then come talk the company useless...haha

Posted by samchong6891 > 2022-03-07 19:13 | Report Abuse

Juat go another counter ...

Posted by Alwinb > 2022-03-07 21:11 | Report Abuse

Now this half baked analyst wants to short sell plantation stocks... better don't make him angry