short term pain, long term gain. Cant't determine intrinsic value simply simple based on current profit or PE ratio. Luxchem has their planning to capture higher market share in Vietnam & Indonesia hence definitely they have to satisfy certain level of profit margin to secure the long-term customer partnership. Meanwhile, they invest heavily into capex to increase capacity. So far half year they spent RM5.7 million for PPE addition and capital commitment to date is RM4.6 million, totaling 10.3 million which is higher than last year of RM7.7 million, You may expect next financial year their operating revenue and profit is able to fly higher.
mostly just now tot down a lot wanna make a bit if got rebound.people tend to be like that,when lose hold for long term,if gain short term profits.if consider for long term I wouldn't be buying at this price
Luxchem's major local customer including Top Glove, Kossan, Harta, Supermax & Karex. Now Top Glove is going to invest RM75m to venture condom business, definitely it will create higher demand to Luxchem. I agree that new competitor like Eternal Materials will create pressure to Luxchem but in general, one competitor can't eat all market pie. Luxchem focus on goods quality, cost management & reliable customer partnership will create the competitive advantage against others.
Start to rebound. Support price is 2.02 and next resistance price is 2.18 and following by 2.25. Once market confidence is back, shall be no problem to move above 2.20+.
I'm a newbie here, bought some minor share in this company, i just received a mail which included proxy form and smtg regards split share vote, wondering am i necessary to respond or ignore it?
As a shareholder, you have the right to vote either for or against the share split. Normally the biggest shareholder which is the board will agree those exercise proposed by them. So that's okay if you also agree with that ;)
Will it shoots high before and after split? Since there are positive announcement come out from them...share price up is big possible as price become cheaper n affordable.
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....
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you can see many ppl want to fish shuiyu