No point to compare 3Q16 with 3Q15. Should compare with previous quarter. Is good sign that revenue growth positive. GP margin also dropped by 1%. Debt to equity ratio also decreased. One thing only made me concern is ROE also dropped from 23% to 21%. Will further hold it till next quarter result.
Haha. I really got to panic sell for TS shares.. But Luxchem is different, will hold til next quarter then see how. Top Glove share also hold more than one quarter only turned it from paper loss to gain :)
Market slow, the result is expected as the boss said the profit margin is adjusted down due to slow market and weak RM. This indeed a good counter and worth for its value. The company is doing expansion as TM is one of the strategy. It has good cash flow. Now is good time to collect some...
forex loss ? based on latest quarter report, luxchem having forex gain tho, and coming quarter might earn more becoz the myr to usd is 4.4. And doesn't count the contribution of TM. It might help to improve the margin of luxchem.
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....
Haida123
125 posts
Posted by Haida123 > 2016-09-28 12:16 | Report Abuse
Yalo...haiz...but RSI shows oversold already...hope a rebound will happen next few days..