LUXCHEM CORPORATION BHD
KLSE (MYR): LUXCHEM (5143)
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Last Price
0.575
Today's Change
+0.01 (1.77%)
Day's Change
0.57 - 0.575
Trading Volume
155,500
Company Announcement
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Discussions
5 people like this. Showing 50 of 4,423 comments
chemical for glove industries look promising as demand on the increase and not affected by the ASP
2022-02-04 17:23
Eurus1973, ask Aminvest
https://klse.i3investor.com/servlets/ptres/61179.jsp
2022-02-07 09:52
I checked the last 4Q profit were ok even before the acquisition. Looking for to 2 sens final dividend since the company cash is piling up.
2022-02-07 16:54
Was hoping for 2c dividend after they skipped last quarter with no dividend. But looking at long term, LUXCHEM is on the right track.
2022-02-18 08:28
Got profit also, share price going down..what is on right track? Going dowm arrr
2022-02-18 09:27
Yes, with 208m cash in hand, one sen dividend is disappointing. Bank borrowing is only 84m. The management has not indicated how they intend to use the money. The inventory of 130m is much higher than the 73m in 2020. This should be good as cost has risen lately.
2022-02-18 10:01
Agree with Brutus that long term prospect is bright, especially their expansion into the China market. From 24,000 to 28m. The export expanded 47% too. The growth is commendable.
2022-02-18 10:48
Should let the big boss' son get slapped at hotpot restaurant ... Luxchem sure spike to 85sen. HAHA
2022-02-18 11:24
Just collect. This counter is the most laggard compared to other HC related counter, once they all at rest this counter will shoot up. Fundamentally is promising
2022-03-17 11:36
PROPOSED RENEWAL OF SHARE BUY-BACK OF UP TO TEN PERCENT (10%)
OF THE TOTAL NUMBER OF ISSUED SHARES OF LUXCHEM CORPORATION
BERHAD
(“PROPOSED RENEWAL OF SHARE BUY-BACK MANDATE”)
2022-04-06 21:25
A big gameplay might be coming this year or next year or next next year. HAHAHA
2022-04-07 22:18
https://www.theedgemarkets.com/article/luxchem-acquire-block-n-jaya-on...
KUALA LUMPUR (April 20): Plastic material and resin manufacturer Luxchem Corp Bhd has proposed to acquire a leasehold property in Petaling Jaya, Selangor, for a total consideration of RM19.88 million.
The company said it intends to shift its head office to the newly acquired property, amid space constraints at its existing head office situated in Damansara Utama.
According to Luxchem’s bourse filing, Luxchem Trading Sdn Bhd (LTSB), a wholly-owned subsidiary of the company, has entered into a sale and purchase agreement (SPA) with Worldwide Emergency Assistance (Malaysia) Sdn Bhd to purchase the whole of Block N at Jaya One, Petaling Jaya.
The property has a built up area of 28,578.2 sq ft, with a 99 years leasehold tenure due to expire on May 28, 2105. It is also free from all encumbrances and not subject to any restriction in interest.
Luxchem said the purchase price was arrived at on a willing buyer-willing seller basis after taking into consideration the assessment on the location, accessibility, suitability of the site, availability of public services and development of the surrounding area.
“The settlement of the purchase price will be funded by cash via internally-generated funds and bank borrowings,” it said, adding that the proposed acquisition is expected to be completed within three months from the date of the SPA.
Luxchem’s share price finished 2.14% or one and a half sen lower at 68.5 sen on Wednesday (April 20), bringing it a market capitalisation of RM732.86 million.
2022-04-21 09:56
"for a total consideration of RM19.88 million."
==================================
Unproductive expense, minus from profit if any.
2022-04-25 10:19
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