Sometimes its ok to buy when the market is good,but not now if you are new, especially considering everything that is going on. But there is money to be made if you watch closely and choose wisely.
@spicyketchup, hold on tight to your share. U will be rewarded handsomely soon. U just compare this share with Prolexus...u will notice that Samchem (on steady uptrend now) is in much better shape in earning and financial results.
Samchem is much co-related to glove counters. Most glove companies had indicated that the raw material has also increased by some 10-20% month-on-month in view of surge in demand. Samchem should benefit from it as it is supplying the chemical to glove companies. We should expect a surge in its profit margin from hereon, and expect to record a historical high in quarterly profit in coming quarters. I may not be able to suggest any TP at the moment, as I want to see "how much" its profit margin improvement. Overall, this counter is still trading a low valuation, of < PE of 10x
samchem business model is good. THey are the winner as the business cut across alot of sectors and recovery is on the upside. Buy before it goes back up to challenge 1 buck
Lol. Yea. The bursa gods must have read my comment... should have said i am stuck at rm4.03 instead of 1.03. Thanks for all the reassuring comments too.
lol, Market starting to feel good again, it was at this point i bought in high last time.. I sold off at 1.08 dy. relieved as i was down almost 30 %. fundamentally strong company, should be ok to average down bro. will consider reenter on next dip.
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....
kglim
143 posts
Posted by kglim > 2020-09-08 21:23 | Report Abuse
Still holding....trying to ignore the noise...