The downtrend maybe a temporary shares dilution bcos of the bonus issue with broader base liquidity . Some may sell half to invest in other stocks perhaps.
Bcos of economic slowdown from covid, many chemical companies have slow down their investment to increase their capacity. Now demand coming manufacturing, cables and automotive have exceeded supply and not sufficient to support the demand for this region.
CIMB is putting chemicals counter as overweight and slated to outperform as recovery stock in 2H21.
yes, samchem's earnings should continue to do well as it is well diversified geographically too. once the TA turns bullish, more investors will flock in
Bursa is not about investing, more to 90% online gambling. Only 10% is investment grade.
Samchem Operator had done their goreng and game over until the next cycle. Just Need Golden Patience waiting to Buy when Operator return, put in my Fishing list first. Short trades, likely wait for few more days to 2 weeks if potential rebound. 6/8/21
(i) Segment Revenue Quarter Quarter Analysed by geographical segments: 30-Jun-21 30-Jun-20 RM'000 RM'000 RM'000 % Chemical Distribution And Blending Operations:
Malaysia 131,435 79,863 51,572 65% Indonesia 40,237 30,146 10,091 33% Vietnam 192,900 87,728 105,172 120% Singapore 6,986 3,353 3,633 108%
Next quater result may be effected by the ongoing lockdown since they will not be at full capacity but overall industry demand exceed supply in the market. Can keep long term.
So long revenue can continue increase YoY, to move to be next LCTITAN is possible. Samchem with 2QR result already achieve 70% of last year total revenue. Very likely this year they can achieve > 30% revenue increase as compare previous year.
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....
Pington10
50 posts
Posted by Pington10 > 2021-06-17 09:35 | Report Abuse
Posted by nomadmy > Jun 17, 2021 9:31 AM | Report Abuse
What happened? suddenly dropped to 0.89 ?
>> Bonus Issue ex date today
https://malaysiastock.biz/Company-Announcement.aspx?id=1322524