Blog: LYC (0075) Riding on marking up stage 2 Target Price $0.550/$0.720

2 people like this.

2 comment(s). Last comment by calvintaneng 2020-05-19 12:27

calvintaneng

56,242 posts

Posted by calvintaneng > 2020-05-18 20:32 | Report Abuse

LYC IS GOING TO PRODUCE SANTIZER WITH 70% ALCOHOL CONTENT WHICH IS EFFECTIVE AGAINST COVID 19

ANOTHER GOOD NEWS FOR NYLEX AS NYLEX PRODUCE LOTS OF ETHANOL WHICH ALL TRUE SANITIZER COMPANIES NEED (AT LEAST 65% ETHANOL IS REQUIRED)

calvintaneng

56,242 posts

Posted by calvintaneng > 2020-05-19 12:27 | Report Abuse

Current ethanol production of fermpro a company belongs to Nylex is 5 million litres

Per litre of ethanol is now Rm100

So in principle Nylex 5 million litres of ethanol is worth Rm500 million worth at retail prices

Of course for Nylex and ancom which already has sanitizer made from nylex fernpro ethanol

Even Rm50 millions revenue already very very good

Post a Comment
Market Buzz