Luxury chemicals for condom, latex sex toys (all european ladies only use this during lockdown), and most importantly....

gloves to punch covid-19!



Posted by duitKWSPkita > May 14, 2020 9:35 PM | Report Abuse

wao..probability sifu is here..

What is Luxchem??? the mandi sabun Lux very wangi one?

RHB report 18 Feb 2020:

https://research.rhbtradesmart.com/attachments/81/rhb-report-my_luxchem-4qfy19_results-review_20200218_rhb-b-350989118756393355e4b34d840429.pdf

as we expect Luxchem Corp’s trading segment to benefit from higher demand from the glove-making sector – particularly in 1Q20 due to COVID-19. We also raise P/E to 14x from 13x, as we believe its significant overseas exposure is a plus, given the soft domestic economy.

..........

RHB need to revise the PE looking at gloves stock


Luxchem = 35% (revenue from glove companies) + 65 % others

as such 35% of Luxchem current market cap should trade at PE 50 at least

Required PE = 35% x PE50 + 65% x PE20

= PE 30

as such Luxchem at PE 30, should be trading at PE 30 x 4.2 cents

= 1.26
.......

https://www.ytygroup.com.my/

YTY's mission for over 30 years has been to keep frontline employees safe through the manufacture of high-quality, single-use Examination gloves. Our original corporate ethos around quality, service and value continues to drive us today, making us one of the largest and most reliable manufacturers of single-use Examination gloves in the world.

Today, YTY is one of the largest manufacturers of Nitrile Examination gloves, but also a leading supplier of Polychloroprene Examination gloves, which offer unique advantages relative to Nitrile gloves. Beyond single-use Examination gloves, YTY offers single-use Surgical solutions as well, available in both the Polychloroprene and Polyisoprene synthetic polymers.

.....................

YTY Increases Its Medical Glove Donations During the COVID-19 Crisis
Wednesday, April 1, 2020

https://www.ytygroup.com.my/yty-increases-medical-glove-donations-during-the-covid-19-crisis/

the competitors you mentioned dont supply latex chemicals

Transform Master (TMSB) - fully Owned by Luxchem, supplies chemical to gloves industry

http://transformmaster.com.my/v1/

http://transformmaster.com.my/v1/index.php/product-service/latex-compounding-chemicals

We are focusing on rubber latex industry include latex glove, latex toys, latex foam, latex thread, catheter, condoms, finger cots, balloons, latex exercise bands & etc. We also provide OEM service, design formulation for our customer based on customer requirements.

..........

The chemical consumption will be directly proportional to the gloves demand

Nice write up by "Sky is the limit":

http://skyisthelimitskyisthelimit.blogspot.com/2017/04/next-growth-engines-of-luxchem-part-1.html

No other company as far as i know in Malaysia

Posted by tailiew > May 14, 2020 9:07 PM | Report Abuse

@probability

What's other listed company that is supplying resin of the use by Glove?

Is it fair to use such a high PE just because the Glove Company are now selling at high PE? Raw material / chemical of these aren't are competitive in price?

the last report for Luxchem was for qtr ending Dec 19


i am not expecting considerable margin expansion even on qtr ending Mar 20' just like what i foresee for the gloves stocks

market is seeing far ahead for gloves stocks

Luxchem produces a specialized chemical for nitrile gloves



Posted by Ravi Kumar > May 14, 2020 8:57 PM | Report Abuse

For a company that makes 700 to 800 million is sales, 35 million PBT is really nothing to shout about. If the speculation is that they are supplying this and that to the glove makers well the financials will show. Otherwise, ..... They aren't the only supplier of chemicals used by the glove makers. The margins show it.

i was crazy on Dufu too...

Aminvest also published the above report in Feb 20 considering the risk in disruption in supply from China. But now China is up and running like no other country.

Aminvest published the above report on 18Feb 2020 before really knowing at what PE Gloves stocks will be trading in March, April and now May...

https://www.amequities.com.my/documents/20126/0/Luxchem+Corporation+200218.pdf/5b2b4b28-e743-3e69-5b70-2c14b008e21e?t=1581992694717

some gloves stocks are having PE70 plus, while every single gloves they make need the specialized chemical from Luxchem

the gloves makers still need to compete among each other , while Luxchem has monopoly power to dictate the price...

as we expect Luxchem Corp’s trading segment to benefit from higher demand from the glove-making sector – particularly in 1Q20 due
to COVID-19. We also raise P/E to 14x from 13x, as we believe its significant overseas exposure is a plus, given the soft domestic economy.

..........

RHB need to revise the PE looking at gloves stock


Luxchem = 35% (revenue from glove companies) + 65 % others

as such 35% of Luxchem current market cap should trade at PE 50 at least

Required PE = 35% x PE50 + 65% x PE20

= PE 30

as such Luxchem at PE 30, should be trading at PE 30 x 4.2 cents

= 1.26
.......

https://research.rhbtradesmart.com/attachments/81/rhb-report-my_luxchem-4qfy19_results-review_20200218_rhb-b-350989118756393355e4b34d840429.pdf

https://research.rhbtradesmart.com/attachments/81/rhb-report-my_luxchem-4qfy19_results-review_20200218_rhb-b-350989118756393355e4b34d840429.pdf

as we expect Luxchem Corp’s trading segment to benefit from higher demand from the glove-making sector – particularly in 1Q20 due
to COVID-19. We also raise P/E to 14x from 13x, as we believe its significant overseas exposure is a plus, given the soft domestic economy.

..........

RHB need to revise the PE looking at gloves stock


Luxchem = 35% (revenue from glove companies) + 65 % others

as such 35% of Luxchem current market cap should trade at PE 50 at least

Required PE = 35% x PE50 + 65% x PE20

= PE 30

as such Luxchem at PE 30, should be trading at PE 30 x 4.2 cents

= 1.26
.......

https://research.rhbtradesmart.com/attachments/81/rhb-report-my_luxchem-4qfy19_results-review_20200218_rhb-b-350989118756393355e4b34d840429.pdf

as we expect Luxchem Corp’s trading segment to benefit from higher demand from the glove-making sector – particularly in 1Q20 due
to COVID-19. We also raise P/E to 14x from 13x, as we believe its significant overseas exposure is a plus, given the soft domestic economy.

..........

RHB need to revise the PE looking at gloves stock


Luxchem = 35% (revenue from glove companies) + 65 % others

as such 35% of Luxchem current market cap should trade at PE 50 at least

Required PE = 35% x PE50 + 65% x PE20

= PE 30

as such Luxchem at PE 30, should be trading at PE 30 x 4.2 cents

= 1.26
.......

Transform Master (TMSB) - Owned by Luxchem, supplies chemical to gloves industry

http://transformmaster.com.my/v1/

http://transformmaster.com.my/v1/index.php/product-service/latex-compounding-chemicals

We are focusing on rubber latex industry include latex glove, latex toys, latex foam, latex thread, catheter, condoms, finger cots, balloons, latex exercise bands & etc. We also provide OEM service, design formulation for our customer based on customer requirements.

..........

The chemical consumption will be directly proportional to the gloves demand

Reason serba's share price has not risen is because its unable to mobilize its service engineers internationally (Qatar, UAE, Bahrain & Saudi)...due to flight restrictions (total halt).

Once this resumes, it can then continue its international service business

This is not the case for Dayang. Dayang should be able to implement all of its services to Petronas at the moment.

Reason serba's share price has not risen is because its unable to mobilize its service engineers internationally (Qatar, UAE, Bahrain & Saudi)...due to flight restrictions (total halt).

Once this resumes, it can then continue its international service business

This is not the case for Dayang. Dayang should be able to implement all of its services to Petronas at the moment.

Calvin, suggest you go back to Luxchem

Ethanol is a product can be made by many industrial in large quantities. Its like a commodity.

Try to make a complete, comprehensive article covering all aspects of Luxchem

“Additionally, we are providing two million medical gloves within Indonesia through our PT Medisafe Technologies subsidiary based in Medan, Indonesia. One million medical gloves have been donated to Pelang Merah Indonesia (PMI), a member organization of the International Federation of the Red Cross & Red Crescent Societies, who will ensure these gloves get distributed to PMI centers across the country. A further one million gloves are being sent to the Government of Indonesia, who has procured them on priority to assist healthcare specialists in Jakarta, the nation’s capital, and in other areas within Indonesia especially hard hit by COVID-19.”

..................

The demand from Indonesia will never end due to Covid 19......

https://www.ytygroup.com.my/

YTY's mission for over 30 years has been to keep frontline employees safe through the manufacture of high-quality, single-use Examination gloves. Our original corporate ethos around quality, service and value continues to drive us today, making us one of the largest and most reliable manufacturers of single-use Examination gloves in the world.

Today, YTY is one of the largest manufacturers of Nitrile Examination gloves, but also a leading supplier of Polychloroprene Examination gloves, which offer unique advantages relative to Nitrile gloves. Beyond single-use Examination gloves, YTY offers single-use Surgical solutions as well, available in both the Polychloroprene and Polyisoprene synthetic polymers.

.....................

YTY Increases Its Medical Glove Donations During the COVID-19 Crisis
Wednesday, April 1, 2020

https://www.ytygroup.com.my/yty-increases-medical-glove-donations-during-the-covid-19-crisis/

Luxchem Corporation owned Transform Master:

http://transformmaster.com.my/v1/

We are focusing on rubber latex industry include latex glove, latex toys, latex foam, latex thread, catheter, condoms, finger cots, balloons, latex exercise bands & etc.

Luxchem Corporation owned Transform Master:

http://transformmaster.com.my/v1/

We are focusing on rubber latex industry include latex glove, latex toys, latex foam, latex thread, catheter, condoms, finger cots, balloons, latex exercise bands & etc.

Luxchem Corporation owned Transform Master:

http://transformmaster.com.my/v1/

We are focusing on rubber latex industry include latex glove, latex toys, latex foam, latex thread, catheter, condoms, finger cots, balloons, latex exercise bands & etc.

http://www.bursamarketplace.com/mkt/tools/research/ch=research&pg=research&ac=176611&bb=180088

Next Growth Engines of Luxchem

http://skyisthelimitskyisthelimit.blogspot.com/2017/04/next-growth-engines-of-luxchem-part-1.html

The first main growth engine of Luxchem- Acquisition of Transform Master

Who is Transform Master Sdn Bhd?
................................

TMSB is a chemical manufacturing plant who mainly produce rubber latex chemical dispersion, latex processing chemicals, latex surfactant, dispersasant & specialty chemicals for latex industry.

What is the reason behind for Luxchem to acquire Transform Master?
.................................................................

Which I believe Transform Master's main customer, YTY Group is the main driver behind. YTY is the medical glove manufacturer located in Perak and they are in aggressive expansion mode.


Now, YTY Group has further expand their capacity aggressively through their third plant located at Lumut Port too, just next to SapuraEnergy Fabrication yard. There is a huge parcel of land which allows YTY group DOUBLE UP their capacity easily.

I believe their third plant has started production but yet to fully operated. As you can see from photo, the plant is equipped with workers dormitories too. With the uninterrupted water supply in Perak and strategic location beside the Lumut Port, YTY Group is in the right direction to further expand their business globally.

TOP REASONS WHY LUXCHEM (5143) COULD BE THE SUPERSTOCK OF THE GLOVE BULL RUN

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-04-18-story-h1506021194-TOP_REASONS_WHY_LUXCHEM_5143_COULD_BE_THE_SUPERSTOCK_OF_THE_GLOVE_BULL_.jsp

LUXCHEM VERSUS COMFORT GLOVES, RUBBEREX, TOP GLOVE, HARTA, SUPERMAX (Compare & contrast)

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-04-17-story-h1506016450-LUXCHEM_VERSUS_COMFORT_GLOVES_RUBBEREX_TOP_GLOVE_HARTA_SUPERMAX_Compare.jsp


LUXCHEM (5143) A 5 STAR RATED STOCK DUE TO TRIPLE FACTORS OF COVID 19, LOW OIL PRICE & PROXY TO ALL GLOVES

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-04-20-story-h1506050113-LUXCHEM_5143_A_5_STAR_RATED_STOCK_DUE_TO_TRIPLE_FACTORS_OF_COVID_19_LOW.jsp

TOP REASONS WHY LUXCHEM (5143) COULD BE THE SUPERSTOCK OF THE GLOVE BULL RUN

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-04-18-story-h1506021194-TOP_REASONS_WHY_LUXCHEM_5143_COULD_BE_THE_SUPERSTOCK_OF_THE_GLOVE_BULL_.jsp

LUXCHEM VERSUS COMFORT GLOVES, RUBBEREX, TOP GLOVE, HARTA, SUPERMAX (Compare & contrast)

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-04-17-story-h1506016450-LUXCHEM_VERSUS_COMFORT_GLOVES_RUBBEREX_TOP_GLOVE_HARTA_SUPERMAX_Compare.jsp


LUXCHEM (5143) A 5 STAR RATED STOCK DUE TO TRIPLE FACTORS OF COVID 19, LOW OIL PRICE & PROXY TO ALL GLOVES

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-04-20-story-h1506050113-LUXCHEM_5143_A_5_STAR_RATED_STOCK_DUE_TO_TRIPLE_FACTORS_OF_COVID_19_LOW.jsp

TOP REASONS WHY LUXCHEM (5143) COULD BE THE SUPERSTOCK OF THE GLOVE BULL RUN

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-04-18-story-h1506021194-TOP_REASONS_WHY_LUXCHEM_5143_COULD_BE_THE_SUPERSTOCK_OF_THE_GLOVE_BULL_.jsp

LUXCHEM VERSUS COMFORT GLOVES, RUBBEREX, TOP GLOVE, HARTA, SUPERMAX (Compare & contrast)

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-04-17-story-h1506016450-LUXCHEM_VERSUS_COMFORT_GLOVES_RUBBEREX_TOP_GLOVE_HARTA_SUPERMAX_Compare.jsp


LUXCHEM (5143) A 5 STAR RATED STOCK DUE TO TRIPLE FACTORS OF COVID 19, LOW OIL PRICE & PROXY TO ALL GLOVES

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-04-20-story-h1506050113-LUXCHEM_5143_A_5_STAR_RATED_STOCK_DUE_TO_TRIPLE_FACTORS_OF_COVID_19_LOW.jsp

TOP REASONS WHY LUXCHEM (5143) COULD BE THE SUPERSTOCK OF THE GLOVE BULL RUN

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-04-18-story-h1506021194-TOP_REASONS_WHY_LUXCHEM_5143_COULD_BE_THE_SUPERSTOCK_OF_THE_GLOVE_BULL_.jsp

LUXCHEM VERSUS COMFORT GLOVES, RUBBEREX, TOP GLOVE, HARTA, SUPERMAX (Compare & contrast)

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-04-17-story-h1506016450-LUXCHEM_VERSUS_COMFORT_GLOVES_RUBBEREX_TOP_GLOVE_HARTA_SUPERMAX_Compare.jsp


LUXCHEM (5143) A 5 STAR RATED STOCK DUE TO TRIPLE FACTORS OF COVID 19, LOW OIL PRICE & PROXY TO ALL GLOVES

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-04-20-story-h1506050113-LUXCHEM_5143_A_5_STAR_RATED_STOCK_DUE_TO_TRIPLE_FACTORS_OF_COVID_19_LOW.jsp

good quote:

"Looking forward, we think the fall in oil prices could bode well for LUXCHEM as they used petroleum based products as raw materials." (Dr. Neoh Soon Kean, Dynaquest)

good article which i overlooked

http://ctyap.blogspot.com/2014/03/luxchem-corporation-luxchem-analysis.html

The group is leaded by the group's CEO, Mr Tang Ying See who is also the founder of the company. Along with his spouse, they're holding around 52% in Luxchem Corp. He has approximate 35 years of experience in industrial chemicals industry. But the bad thing is he is such a low profile person. Hardly find any news or articles regarding the company and its prospects. Apart from that, the chairman, Dato Haji Mokhtar bin Haji Samad is also the non executive chairman of Kosssan Rubber Industry. In addition, one of the substantial shareholders of Luxchem Corp, Chow Cheng Moey is the spouse of Lim Kuang Sia who is the managing director/ CEO of Kossan Rubber Industry. Thus, I think the relationship between the top management of Luxchem and Kossan will at least yield a synergy effect between the two companies.

fantastic

Small Cap Corner: Luxchem — proxy for rubber glove sector?

https://www.theedgemarkets.com/article/small-cap-corner-luxchem-%E2%80%94-proxy-rubber-glove-sector

Small Cap Corner: Luxchem — proxy for rubber glove sector?

https://www.theedgemarkets.com/article/small-cap-corner-luxchem-%E2%80%94-proxy-rubber-glove-sector

learnings who are the real sifus like you...TQ

Posted by Rf888 > May 13, 2020 1:53 PM | Report Abuse

Probability: how about your feel now ? Now all the market are talking about glove, but you is experience investor, want fight with market. May i ask how your feeling now? I told you this is poor ppl thinking, if you continue negative, better you dont want invest. I want to ask you how deep you study supermax fundamental? Is it supermax doing what business? Supermax doing contrustion business? Or doing plastic business? Or doing steel business?

Small Cap Corner: Luxchem — proxy for rubber glove sector?

https://www.theedgemarkets.com/article/small-cap-corner-luxchem-%E2%80%94-proxy-rubber-glove-sector

Small Cap Corner: Luxchem — proxy for rubber glove sector?

https://www.theedgemarkets.com/article/small-cap-corner-luxchem-%E2%80%94-proxy-rubber-glove-sector

https://focusmalaysia.my/mainstream/analysts-mixed-on-luxchem-given-the-soft-domestic-economy/

“Luxchem’s FY19 results met our forecast and consensus estimates. The earnings upgrade is to reflect higher demand for chemicals used in the manufacture of gloves on the back of the Covid-19 outbreak.

“Typically, glove-related sales make up less than 35% of Luxchem’s total turnover,” the research house said in a note on Feb 18.

Small Cap Corner: Luxchem — proxy for rubber glove sector?

https://www.theedgemarkets.com/article/small-cap-corner-luxchem-%E2%80%94-proxy-rubber-glove-sector

https://www.theedgemarkets.com/article/luxchem-rides-high-latex-prices

wah...first time i am seeing the double dome shape..looking artistic!


Posted by YONG > May 12, 2020 3:50 PM | Report Abuse

影像纪实 | 越南海阳2×600MW亚临界燃煤电站项目
http://www.nce.tech.ceec.net.cn/art/2020/5/12/art_26948_2120768.html

1.20 coming...

Tengok extract from article below:

https://www.theedgemarkets.com/article/jaks-wooing-tenaga-vietnam-power-plant

JAKS (fundamental: 0.65; valuation: 1.5) does not have the financial muscle to take on the project by itself, but it also does not want to give up a deal that offers it a high internal rate of return (IRR)

Sources say the project’s IRR is at least 15% because the power purchase agreement is on a take-or-pay basis, which requires Vietnam Electricity to pay for the power generated whether or not there is demand for it.

since its already an outsider info...nobody bothered to ask...

cukup penjelasan?

On what basis did i3lurker said this?

We have numerous news release stating project IRR of 12% & 15%
further we have seen Vinh Tan 1 earnings to justify

what substantiation did i3lurker provide


Posted by Sslee > May 11, 2020 2:01 PM | Report Abuse

Dear all,
Try to avoid the wrath of a lady.

It was me and i3luker get her angry at the first place.
My understanding IRR 12% for BOD 25 years is base of total project cost of USD 1,870 million.
But i3lurker understanding IRR 12% for BOD25 years is base of equity part USD 1,870 X 0.25= 467.5 million.

Thus Sarifah want DK66 to confirm with ALP IRR 12% BOD 25 year is base on which one?

ok 'outsider' info then

puas hati skrg?

Posted by SarifahSelinder > May 11, 2020 1:57 PM | Report Abuse

dk

This 12% IRR if came on news how can it be insider info?

@DK, sarifah puasa today...low blood sugar can really cause havoc..

he is actually angry with nuisance qqq3 (lalat)