Luxchem is a supplier of industrial chemicals and materials in general.
Industry observers said around 35 per cent of Luxchem's total turnover came from the sale of latex chemicals to companies like Kossan Rubber Industries Bhd, Hartalega, Top Glove, Supermax, Riverstone and Latexx.
Luxchem is definitely better than samchem, if we look into their gross profit margin, Luxchem is at it's advantage. Furthermore Luxchem distributes its products to Thailand, Singapore, Indonesia, Vietnam, Philippines, Japan, Bangladesh, Sri Lanka, Pakistan, China, Australia and the Middle East, which will be beneficial in the long term as its market share will increase gradually. Luxchem have cash in hand RM144.21 millions.
Volume up. Good sign. Gloves counters are too high for many so time to pay attention to the gloves supporting partners bcos the Big4 make high profit so will Luxchem make high profit. Next resistance rm1.00.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Report Abuse
Please Sign In to report this post as abuse.
Market Buzz
No result.
Featured Posts
MQ Trader
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: Manufacturer of fortified F&B and dietary supplements, OB Holdings Berhad aims to list on the Ace Market!
MQ Trader 295 views | 2 d ago
0:17
New IPO: Precision engineering components manufacturer, Northeast Group Berhad aims to list on the Ace Market!
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....
ooi8888
1,650 posts
Posted by ooi8888 > 2020-06-22 11:02 | Report Abuse
slow & steady, better than texchem