TEXCHEM RESOURCES BHD
KLSE (MYR): TEXCHEM (8702)
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Last Price
0.88
Today's Change
0.00 (0.00%)
Day's Change
0.87 - 0.88
Trading Volume
148,800
IPO Info
Offer Period
Opening
Closing
Time Table
Allotment Date
Listing Date
Price
Issue Price
-
Units
-
Share Capital
0.000
No of Shares
Public Issue
-
Offer for Sale
-
Private Placement
-
Issuing House
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ISIN Code
-
Prospectus:
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Discussions
9 people like this. Showing 50 of 1,889 comments
still possible to get dividend with this type of price slump? speculator know better n we just can hope for the best
2023-05-23 09:26
you can wait then wait, can't wait and can't sustain the big loss just cut and go
it is your money so your call
2023-05-23 14:32
Of course IB set high tp to lure the innocence to buy, on the other hand they are selling to make profit...
2023-05-24 17:43
Whenever bank ask sell you buy slowly
Whenever bank ask buy fast fast sellllllllllllll
2023-05-24 21:29
can someone explain to me why texchem got beat up so badly? I thought its a food chain company right?
2023-06-13 11:24
Current quarter compared with previous corresponding quarter
In Q1 2023, the Group achieved a lower revenue of RM268.5 million (Q1 2022: RM307.5 million). The Group generated a lower pre-tax profit of RM2.9 million (Q1 2022: RM18.9 million) due to the various factors :
(i) Industrial Division
Achieved a lower revenue of RM116.2 million (Q1 2022: RM134.0 million) in Q1 2023, achieved a lower pre-tax profit of RM1.2 million (Q1 2022: RM4.3 million) in Q1 2023 mainly due to weak market demand in electrical & electronic, latex glove and textile sectors.
(ii) Polymer Engineering Division
Achieved a lower revenue of RM45.0 million (Q1 2022: RM66.8 million) in Q1 2023, recorded a pre-tax loss of RM0.7 million (Q1 2022: pre-tax profit of RM4.3 million) in Q1 2023 mainly due to sluggish global market demand in the hard disk drive and semiconductor sectors.
(iii) Food Division
Recorded a lower revenue of RM56.1 million (Q1 2022: RM63.1 million) in Q1 2023, recorded a lower pre-tax profit of RM4.5 million (Q1 2022: RM7.0 million) in Q1 2023 mainly due to weaker consumer demand and higher operating costs.
(iv) Restaurant Division
Recorded a revenue of RM66.3 million (Q1 2022: RM66.2 million) in Q1 2023, recorded a
lower pre-tax profit of RM0.6 million (Q1 2022: RM4.5 million) in Q1 2023 mainly due to higher labour costs and higher interest expense.
(v) Venture Business Division
Achieved a lower revenue of RM1.4 million (Q1 2022: RM2.1 million) and a pre-tax loss of RM0.90 million (Q1 2022: RM0.54 million) in Q1 2023 mainly due to weaker market demand for conductive sheet business.
2023-06-14 21:31
All divisions recorded lower revenues and profits, Indusrial division occupied highest revenue RM116.2 million (earned 2.9 million). Food division earned highest profit RM4.5 million but lower than last year RM7.0 million.
2023-06-14 21:35
luckily l have sold 1.18 yesterday. Look like final wayang this morning before slump below 1.00 again?
2023-06-15 09:35
Ppl who didn't announce that they bought b4 hand cannot be believed...this country is not famous for honesty & integrity unfortunately.
2023-06-19 07:19
Still in downtrend mode. Last week tried to make Golden Cross but looks like it will be a failed one after the surprise loss in Q2.
1 month ago
The release of chilled water to the sea from nuclear plant at Fukushima, would stricken all the seafood linked business including sushi.
1 month ago
mati tak apa...belanja perubatan jahanamkan satu isi keluarga....jilaka punya japs
1 month ago
Not penny stock soon, but is back to what it used to be.
Texchem used to at 50-60sen level
4 weeks ago
stay aside first, don"t know what is the impact jap pouring the radioactive water into the ocean!
4 weeks ago
Penny stock ? Maybe pn17. I guess those who is having common sense and brain will stop eating sushi. Fukushima wastewater and radioactive will really harm human health.
4 weeks ago
Diners to go on enjoying their sushi, but ‘hold the sashimi’
savemalaysia
Publish date: Fri, 25 Aug 2023, 09:23 AM
PETALING JAYA: For some sushi fans, it’s still a case of “let’s dig in!”
“I will still go to Japanese restaurants whenever I get the cravings,” said engineer Albert Tey, 36.
He is not put off by the news that Japan’s Fukushima Daiichi nuclear power plant began releasing treated radioactive water into the Pacific Ocean yesterday.
This has led to China banning seafood from Japan with immediate effect.
But Tey, who loves sushi, said he would be at ease indulging in omakase, a chef’s choice menu, saying that he had faith in the stringent requirements on freshness and safety.
Others, like copywriter Lai May Choon, have a more pragmatic view.
Lai, 38, plans to continue enjoying sushi as most of the salmon available in the Malaysian market is farm-raised rather than caught in the wild.
“Since farmed fish is taken care of in a more controlled environment, we need not be overly worried,” she said.
She also voiced confidence in Japan’s reputation for precision and discipline, saying that she believes the wastewater release would be closely monitored.
Property agent Stella Lau, 40, however, admitted that she would avoid consuming sashimi, at least temporarily.
But she has confidence in the safety of other sushi ingredients.
“Japanese restaurants offer a variety of choices. So I will opt for other types of seafood instead of air-flown seafood from Japan,” she added.
Kampachi Restaurants Sdn Bhd deputy general manager G. Balam said their outlets import products from Japan twice a week.
“Our products mainly come from the Kansai and Tokyo regions,” he said.
He explained that they had adopted a proactive approach by avoiding products from Fukushima and its surrounding areas.
“This practice has been in place for many years, since the earthquake in 2011 in Japan,” he said.
Kampachi has posted an advisory on its website to address concerns over the release of tainted water into the sea off the coast of Fukushima.
It said that its “suppliers have been strictly instructed not to source any seafood from that area”.
Sushi King Sdn Bhd’s head of marketing, Gan Phaik Hoon, said the restaurant chain was aware of the concerns about food safety.
“However, our seafood is not imported from Japan. Our fish, mainly salmon and saba, are sourced from Norway. Other seafood, like prawns, comes from Vietnam,” said Gan.
On its website, Sushi King also announced that its salmon and saba (mackerel) are from Norway.
Meanwhile, Kuala Lumpur Hoi Seong Fish Wholesale Association chairman Sing Kian Hock said most fresh seafood in the local market originates from countries such as Myanmar, Thailand, Indonesia and India, with no imports from Japan.“Some high-priced seafood items, like Hokkaido scallops and spider crabs, are imported only occasionally for specific needs and are not part of the regular supply.
“Salmon mainly originates from Norway,” he added.
https://www.thestar.com.my/news/nation/2023/08/25/diners-to-go-on-enjoying-their-sushi-but-hold-the-sashimi
4 weeks ago
no doubt this stock now going downhill, the market is bad plus continuous loss making QRs.
but the company itself is ok, the mgmt is good, and the biz also got potential.
might need to wait for years and hope the company can return to profit again to see the share price go back to the RM2 level again
3 weeks ago
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Medusa
From 3.00 to 1.00. Luckily no buy. Kikiki
2023-05-22 09:57