Posted by gaomin > 2020-08-06 15:37 | Report Abuse

Going to break new high. 1.13 now!

Posted by NInvestor > 2020-08-06 15:38 | Report Abuse

limit up la, new trend lol

Posted by tssl74 > 2020-08-06 15:40 | Report Abuse

Any idea what is the new TP?

Posted by gankm > 2020-08-06 15:41 | Report Abuse

engine just started.. will revisit RM2.00 just like what Lukesharewalker mention..

Posted by nicky11 > 2020-08-06 15:43 | Report Abuse

move~~~~ aim for 1.2 today

Posted by tssl74 > 2020-08-06 15:56 | Report Abuse

Thnks for the update!
Will hold on longer.

Posted by cherry88 > 2020-08-06 16:08 | Report Abuse

wait for result announcement...

Posted by cherry88 > 2020-08-06 16:11 | Report Abuse

today will hit RM1.32

Posted by gaomin > 2020-08-06 16:17 | Report Abuse

Hope today limit up ?

Posted by Tyco > 2020-08-06 16:25 |

Post removed.Why?

Posted by HuatAh8809 > 2020-08-06 16:32 | Report Abuse

Told u guys already ma.

I got friend work in Supermax la....

Posted by gaomin > 2020-08-06 16:35 | Report Abuse

Ha ha , limit up !

Posted by gankm > 2020-08-06 16:36 | Report Abuse

limit up already..

Posted by nicky11 > 2020-08-06 16:58 | Report Abuse

Yes, tomorrow will be another good day for Sanchem

Posted by cherry88 > 2020-08-06 18:29 | Report Abuse

https://klse.i3investor.com/blogs/lionind/2020-08-06-story-h1511561570-Samchem_Beneficiary_of_Raw_Chemical_Material_supply_to_support_healthca.jsp

Posted by JackTan1217 > 2020-08-06 19:20 | Report Abuse

Just talk to my friend who work in a big 4 glove company..He confirm the selling prices to them is going up very fast due to overwhelming demand...Seems like might be another Supermax that can triple the profit easily

Posted by cherry88 > 2020-08-07 09:05 | Report Abuse

YES....Very FAST....buy first before result announcement soon. The strengthening of RM will reverse the earlier forex loss...another x factor o look at

Posted by nicky11 > 2020-08-07 10:22 | Report Abuse

It will move higher and higher

Posted by RiskToRich > 2020-08-07 10:24 | Report Abuse

Strong company

Posted by ahbah > 2020-08-07 14:11 | Report Abuse

Just collect some.

Posted by klinnsman39 > 2020-08-07 14:14 | Report Abuse

collect before is too late for another limit up.

Posted by RiskToRich > 2020-08-07 16:10 | Report Abuse

Aiyo. .Anyone any idea why keep dropping? Is the quarter result out?

Posted by DaitoRyu > 2020-08-07 16:21 | Report Abuse

Yeah people selling, result not out.If you have confidence,,hold

Posted by cherry88 > 2020-08-07 16:28 | Report Abuse

Results are expected to release next week. Expect to boom up lah. Why ? because demand dam high, and start increase ASP, and improving margin. Expect a reversal of its forex loss. So, will limit up again due to very bright prospect.

Posted by RiskToRich > 2020-08-07 17:21 | Report Abuse

Very good fundamental ..Supported with good business performance & strong up trending counter .. the director so confident bout the coming few quarter result....But he mentioned sanitiser seems oversupply in the mkt ady ..... Just worry about this

Posted by kglim > 2020-08-07 19:01 | Report Abuse

Look forward to see their latest QR

Posted by Lukesharewalker > 2020-08-07 19:33 | Report Abuse

Yep. Their QR would be a pleasant surprise

Posted by kglim > 2020-08-07 19:50 | Report Abuse

@lukesharewalker u seems to be very confident with this company prospect

Posted by Erijutawan > 2020-08-09 08:19 | Report Abuse

Yesterday called my friend who worked at Samchem he said they supply chemical to Glove factory and with lower cost so next week QR shall be good.

Posted by aspenvit > 2020-08-09 09:29 | Report Abuse

No director disposing yet, means can go much higher.

Posted by Kei2 > 2020-08-09 10:23 | Report Abuse

No need to spec. Just buy and hold 2 more QR. Or come back later. Everyone is affected for the coming QR. If they can make some profit will be great.

Posted by paul880804 > 2020-08-09 10:43 | Report Abuse

newbie here....just collect at 1.42...any advice?will bounce back?

Posted by Lukesharewalker > 2020-08-09 11:08 | Report Abuse

Hold. No issue. It will continue uptrend next week possibility another limit up session prior to results

Posted by BursaInsight > 2020-08-09 23:37 | Report Abuse

A gem, expect a great quarterly results

Posted by Kei2 > 2020-08-10 08:01 | Report Abuse

So bullish? Expecting better than expected results? I only expect not as bad as expected. Hahaha

Posted by Joe > 2020-08-10 12:51 | Report Abuse

But push too fast last week... And came down also fast... Gone up from 0.90cents...will they bring it down again...

Posted by Joe > 2020-08-10 12:52 | Report Abuse

Or give another limit up

Posted by Joe > 2020-08-10 12:53 | Report Abuse

Need to watch carefully....otherwise sell fist and buy back later

Posted by Joe > 2020-08-10 12:56 | Report Abuse

The question is will the operator pull it down lower... To collect cheaper....

Posted by thetruthoracle > 2020-08-10 18:11 | Report Abuse

from my observations of today and last Friday's trading, there are a lot of weak holders who have no faith. Otherwise the price will be trading at 1.50 range... even with the massive sale, the price still holds up. so you know this is a solid share, the question is why no faith. The fair value and TP of this share is 2.00. I will release my financial analysis in awhile to support this valuation. But now there are just 5 reasons why no one should sell and should wait for the price to achieve its full potential.

1. Q2 results coming out.
2. Current price is trading at relatively low PE ratio for the amount of earnings per share generated.
3. the last 4 quarters have been steady with profit increases and the most recent chemical ASP hike as Samchem supplies a lot to glove companies will make the profits increase even more thereby generate the catalyst for a full fledged rerating up.
4. Rupiah has appreciated significantly which means that the last quarter loss which was written off will now be written back, thereby boost the Q2 earnings even more.
5. Samchem, unlike other chemical companies, supplies mostly to healthcare manufacturers including to glove companies - with the Covid raging, this will only serve to make its profits even better.

These are reasons why you should not prematurely dump your shares cheap. You can sell at dirt cheap price now at 1.17 or 1.18 but when this thing goes to 1.50 you will regret it. Very much when it was just trading at 0.90 cents range to 1.05 range last week ,same thing happens and now the sellers regret because it is now 20 cents more expensive. So, guys, you earn most when you keep the faith and wait for 2.00 - which is the TP ascribed by most analysts based on the past quarter earnings AND the current profits projections for Q2. In this regard, this counter is indeed a gem...

Posted by BursaInsight > 2020-08-10 19:21 | Report Abuse

agree with "thetruthoracle",

Samchem reported RM23.8 million profit last year - Market cap of 318 million
Luxchem reported RM37.6 million profit last year - Market cap of 967 million

Huge upside for Samchem trading at a PE multiple of 13.36 currently compared to comparables of 25 ++ PE multiple

Posted by kglim > 2020-08-10 20:27 | Report Abuse

With all the glove counter making extraordinary profit , will samchem benefit ? How much of their chemical distribute to glove company and turn to profit ? Anyone know ?
Comparing to luxchem, samchem confirm looks more attractive and safer bet

Posted by 121212 > 2020-08-10 22:53 | Report Abuse

Buy luxchem. End of last year Luxchem just increase their glove material volume. About 45% of their business.

Posted by 121212 > 2020-08-10 22:58 | Report Abuse

Annual profit luxchem is better than samchen

Posted by Lukesharewalker > 2020-08-10 23:06 | Report Abuse

How come Luxchem did not report better profits for quarter ended 30 June then?

Posted by Lukesharewalker > 2020-08-10 23:27 | Report Abuse

Much less explain why Luxchem directors are selling now....

Posted by thetruthoracle > 2020-08-11 00:02 | Report Abuse

luxchem's PE ratio is too high for its profits. No point buying it...the current price is not just a fair value, it is OVER-valued. Of all the chemical companies, Samchem's PE ratio is the most attractive, as compared to its current earnings per share. Which is why this is a gem with a TP of 2.00 and when you see the last 4 quarters even before MCO, they are making profits which are increasing. What makes Samchem even more appealing is its intrinsic connection to the healthcare industry. We cannot deny that with the covid, healthcare products need enormous quantities of chemicals to manufacture and with the chemical ASP increasing in tandem with gloves, this will ensure robust growth quarter-to-quarter for samchem. Let's look at the Q2 and you will see what I mean. At current price: BUY CALL.

Posted by 121212 > 2020-08-11 07:38 | Report Abuse

Shareholder disposed their share is normal trend. Inari & bioholding's shareholder also disposed their share recently.

Posted by Lukesharewalker > 2020-08-11 09:30 | Report Abuse

Are those stocks still uptrending?

Posted by 121212 > 2020-08-11 09:45 | Report Abuse

Yes