Profit not just flat but thin and easily effected by fuel, jpy, usd. No growth at all in eps despite uptrend in turnover. Comfort is on consistent 15%roe and good dividend payout at 50%
This company must not be allowed to get away unpunished, otherwise many companies will announce huge profits in their quarterly reports to push up their share price only to amend the reports a few days later.
speakup, did you get hurt? Long-term buyer did not have much problem with that. The company fixed their announcement immediately, rather than hiding in and trying to fix it in the next quarter - which is what most of the other listed companies do. I see this in fact, as a good sign.
Anyway, other than that, the fundamentals of the company remain intact, and is going on very well. Good sales growth over the past few years with high ROE.
I have initiated a position, and will continue to hold.
Strong balance sheet. Cash & deposits is about RM100 MILLION reported in MARCH Q1 2014. High earning and high revenue. Current trading is low but Is good to accumulate for medium & long term in view of current heavy trading in Bursa market, it is matter of time this will spillover to Luxchem if heavy trading in Bursa persists, Lii Hen stock is one good example.
anyone know whether or not Luxchem is going to benefit from GST? If 10% sales tax can be replaced by 6% GST then margin will increase, no? Can someone verify?
good company. Supply chemicals to many glove producers. Their customer come from many industries. Well diversified. I think the share price will be further push up before the ex-bonus issue date. Hold for long term.
I guess the price will be stable and will not goes up more as there is no speculation on this stock. Is suitable to hold for long term investment based on strong balance sheet and high dividend yield, high cash deposit.
happy to read your reply. I think you raised a very valid comment about LUXCHEM..... Could you please share more about this counter with us. I really wanna learn more about this.
Wish you bested luck and wonderful trading day always.
warmest regards, duit
Posted by m00077 > Oct 21, 2014 08:15 AM | Report Abuse
I guess the price will be stable and will not goes up more as there is no speculation on this stock. Is suitable to hold for long term investment based on strong balance sheet and high dividend yield, high cash deposit.
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....
JimYeoh
1,514 posts
Posted by JimYeoh > 2012-07-10 15:29 | Report Abuse
on the rise..