Bluefun sifu, i still feel dilemma now, whether to topup now or wait for 4Q quarter result first. Current business environment is more and more challenging.
look at samchem , report show strong business growth in Vietnam and indonesia, luxchem also had established subsidiaries in these two countries, need to see the result.
Lol, i hope drop more then i can accumulate more, DY is very attractive if price below 1.40 XD
I am not sure the FY16Q4 result will be better than FY15Q4 or not, but luxchem future remain positive, beneficial from glove stock & strengthen of USD :D
Bluefun sifu, if FY1604 result is poor, most probably will drop below 1.40. That's why I hesitate and dun wan top up now. Haha. Hope Year 2017 is prospect year to Luxchem!
Haha, my study on Luxchem FA is that very good prospect, that's why I din give up and ready to top up anytime. Will top up at the right timing, hopefully so :)
The sales volume was increased although the profit dropped. This can be defined as good market share and competitive. Profit dropped at this moment is common as bad economy. Most important thing is it still competitive in market and still getting profit...
4Q16 Manufacturing segment profit margin is 17.80%, actually is very high.. should be contributed by TMSB, and manufacturing revenue is RM62 million, is very high actually. If every quarter can contribute 5 sen EPS, no doubt the TP is RM2.
EPS seems like didn't grow and it is because diluted by ESOS and acquisition of TMSB, the average outstanding shares increase from 262,805,000 to 297,010,000.
Total of the year 2016, Luxchem Gross Profit Margin had grow from 10.65% to 11.86%. Net Profit Margin from 5.77% to 6.23%. Shareholder's Equity increased from 191,285,000 to 230,788,000, which is ROE 18.85, slightly lower den last year.
Overall i'm satisfaction with the result, and enjoy the dividend receive by MAY.
Overall if take away Esos expense, the profit is about the same as last year. Whole year EPS 16.02 x 10 PE ratio = RM1.60, the market already reflect the fair value d.
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....
Patrick13
1,971 posts
Posted by Patrick13 > 2016-12-26 20:51 | Report Abuse
Now is already at the bottom line over 52 weeks.. May consider to topup