for those hype toward restaurant division it actually record reduce in revenue due to opening of new restaurant but ask urself before buying in , with so many japanese restaurant out there , can sushi king survive in long term ? as a consumer urself , will u visit sushi king beside of those bonaza period ?
Today first quarter unaudited results released. Loss is much lower..... Share price should trend upwards now. Last year Texchem was same price as Old Town but today Old Town is double. Will Tex dinosaur wake up to catch up?
Agree. No wonder suffer loss. Better run asap. Texchem use to be below RM 1 stock. Now no more cheap. We can get Japanese food eg sushi etc in shopping mall for below RM 2 why must spend so much money to go to Sushi King restaurant?
xiaoxiami for those hype toward restaurant division it actually record reduce in revenue due to opening of new restaurant but ask urself before buying in , with so many japanese restaurant out there , can sushi king survive in long term ? as a consumer urself , will u visit sushi king beside of those bonaza period ? 08/05/2017 22:33
Texchem Resources Bhd’s 1Q2017 net loss narrowed to RM575,000, compared to RM2.2 mln a year ago, in-tandem with higher revenue, which increased 5.5% Y.o.Y to RM271.0 mln, from RM256.8 mln . The group noted that the 1Q2017 losses was a result of unfavourable sales mix of lower margin products, though this was partly offset by improved sales across multiple divisions.
No doubt the results is getting better compare to last year. But the management still not doing enough. Can it turnaround and be successful like Old town and Padini?
From above comments.... looks like no Brain directors... no good plans for future like Old Town which has expanded and rewarded shareholders with double price.
Lower loss.... but what about share split or bonus (let alone additional dividend)?
Texchem Resources Bhd has announced that Dim Sum Delight Sdn Bhd, the operator of two Michelin-star Tim Ho Wan restaurants in Malaysia, has stopped business operations due to challenging future prospects. Dim Sum Delight, which is 51.0%-owned by Texchem has incurred a loss of RM895,642 in 2016 and is not expected to turn around in the near future. (The Edge Daily)
Economy for 2016 is no good, 2017 improving, 2018 will be better. Economy improve, people spending power also improve. Restaurant business needs time to mature. 1988 is baby's boom, this generation is already 30 years old. Depends how TEXCHEM Directors react!!!
NTA deduct 48% is really attractive. But I think it is still not the right time to accumulate TEXCHEM, Highly percentage to get a full year loss without declaration of dividend for this year. TP: RM1.05 until next qr is release.
tellmewhy Will Sushi King becomes another Oldtown?! Do you think sushi king business model with HALAL cert can expand to S.E.A in short terms?! If yes, slowly accumulate when low. If no, sell it and looks for another hidden gems. I'm currently holding zero shares and look forward to slowly accumulate it in near future.
Calvin provide very good info. He did his homework very well. Buy, accumulate & advertise later. Cannot follow him all the time? Sure go to Holland!!!!
@ngwt, ha ha ha expand to S.E.A you must be joking. They had tried and failed miserably. It is an old story. 10 years ago may be it was a good business model. Today you have sushi mentai, sushi zamai, sushiya etc and more to come. You go and visit those outlets and see it yourself. May be they have sushi but without the KING already. Long gone...
@tellmewhy I'm glads you are doing your homework but unfortunate results looks pessimistic. I'm still holding zero shares & I love discussion. Took an example, Fried Chicken. I think every street corner must be able to buy one at stall plus MNC such as KFC, Marry brown, McD Ayam, A&W, Texas, Popeyes, etc. If so many, how can KFC survive?! For my view, Sushi mentai, sushi zamai, sushiya is target at budget category. While the target consumer for Sushi Kin, Sakae Sushi & Sushi Tei is medium spending category. I believe their product is more on premium side and a lot of Japanese food, you will be unable to find at budget category sushi shop. Sushi King only got three main advantage from others, own soft crab pond, without use of franchise and another one is the only HALAL japanese sushi shop. Anyway, I'm hopes Sushi King will success at Indonesia first... ^^ Lastly, I will re-check the s.e.a. failed story, and if you don't mind, please give me a links for references.
Mr Calvin and gang...... yes you recommended TEX to be like AJI..... BUT since then it has been dropping.... heading towards below 1 myr Cheap cheap for Singaporeans. Are you mopping up?
Both KFC & AYAMAS counter send free voucher to shareholders in exchange for edible items ...... promotion. Outlets is availble @ all major towns & cities. Accessible to all Malaysians.
Financial review for current quarter compared with immediate preceding quarter The comparison of the Group’s revenue and operating profit/(loss) for the current and the prec eding quarters are as follows: Current Quarter Preceding Quarter 2017 2017 Changes RM’000 RM’000 % Revenue 282,391 270,926 4.23 Operating profit/(loss) 5,542 (4,388) 226.30 Profit/(loss) before interest and taxation 5,101 (4,942) 203.22 Profit/(loss) before taxation 2,828 (7,176) 139.41 Loss after taxation (754) (9,421) 92.00 Loss attributable to owners of the Company (1,383) (6,111) 77.37 The revenue and operating profit of the Group has improved in the current quarter as compared to the preceding quarter mainly contributed by better financial performance of Polymer Engineering and Restaurant Divisions. The operating loss of preceding quarter was due to closure costs of RM5.2 million arising from cessation of business by a subsidiary.
Agreed with ngwt. Me too not holding any share but is monitoring it. Like the halal sushi restaurant concept. I think sushi king restaurant is considered successful in Malaysia, If they can replicate it in Indonesia definitely this counter will fly. Never tried never know and I think is a good decision to expand to other countries.
tan sri calvin.....u said property glut??? last week I drove past datuk konishi bunglow in jesselton penang,he no lelong ar his bunglow? I tot can buy cheap........hahaha
Calvin..... you have been promoting this counter to be the next Ajinomoto..... but since you have not promoted it enough, it has been on downward trend. Any further comments Calvin?
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Sebastian Sted Power
3,429 posts
Posted by Sebastian Sted Power > 2017-04-26 09:28 | Report Abuse
good if today price up is not a company buy back