TEXCHEM RESOURCES BHD

KLSE (MYR): TEXCHEM (8702)

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Last Price

0.825

Today's Change

-0.005 (0.60%)

Day's Change

0.82 - 0.825

Trading Volume

36,500

Financial

Show?
Last 10 FY Result
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
Revenue 1,134,916 1,092,472 993,525 1,143,306 1,087,315 1,017,748 1,134,545 1,131,733 1,108,533 1,035,299 1,054,115 1,022,663 -0.32%
PBT 8,932 4,600 -2,433 39,013 30,692 1,315 833 4,895 7,395 13,598 23,496 3,538 -
Tax -8,690 -7,843 -8,142 -14,656 -5,383 -7,773 -8,256 -11,235 -13,177 -8,655 -11,436 -6,821 1.98%
NP 241 -3,243 -10,575 24,357 25,309 -6,458 -7,423 -6,340 -5,782 4,943 12,060 -3,283 13.87%
-
NP to SH 998 -2,846 -10,849 21,901 24,767 -2,564 -6,882 -6,752 -3,345 3,213 10,079 1,184 -
-
Tax Rate 97.29% 170.50% - 37.57% 17.54% 591.10% 991.12% 229.52% 178.19% 63.65% 48.67% 192.79% -
Total Cost 1,134,674 1,095,715 1,004,100 1,118,949 1,062,006 1,024,206 1,141,968 1,138,073 1,114,315 1,030,356 1,042,055 1,025,946 -0.23%
-
Net Worth 170,285 170,285 178,647 190,357 270,175 243,698 236,104 244,765 263,871 283,982 283,316 191,533 -0.77%
Dividend
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
Div - - - 15,405 - - - - 12,409 12,192 31,031 - -
Div Payout % - - - 70.34% - - - - 0.00% 379.48% 307.88% - -
Equity
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
Net Worth 170,285 170,285 178,647 190,357 270,175 243,698 236,104 244,765 263,871 283,982 283,316 191,533 -0.77%
NOSH 126,372 126,372 126,372 126,372 124,099 124,099 124,099 124,099 124,099 124,099 124,099 124,615 0.15%
Ratio Analysis
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
NP Margin 0.02% -0.30% -1.06% 2.13% 2.33% -0.63% -0.65% -0.56% -0.52% 0.48% 1.14% -0.32% -
ROE 0.59% -1.67% -6.07% 11.51% 9.17% -1.05% -2.91% -2.76% -1.27% 1.13% 3.56% 0.62% -
Per Share
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
RPS 969.26 933.01 846.50 964.76 901.80 844.11 937.32 931.41 893.27 849.11 849.23 820.66 0.34%
EPS 0.85 -2.43 -9.24 18.48 20.54 -2.13 -5.69 -5.56 -2.75 2.64 8.12 0.95 -
DPS 0.00 0.00 0.00 13.00 0.00 0.00 0.00 0.00 10.00 10.00 25.00 0.00 -
NAPS 1.4543 1.4543 1.5221 1.6063 2.2408 2.0212 1.9506 2.0144 2.1263 2.3291 2.2825 1.537 -0.10%
Adjusted Per Share Value based on latest NOSH - 126,372
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
RPS 898.07 864.48 786.19 904.71 860.40 805.35 897.78 895.55 877.19 819.24 834.13 809.24 -0.32%
EPS 0.79 -2.25 -8.58 17.33 19.60 -2.03 -5.45 -5.34 -2.65 2.54 7.98 0.94 -
DPS 0.00 0.00 0.00 12.19 0.00 0.00 0.00 0.00 9.82 9.65 24.56 0.00 -
NAPS 1.3475 1.3475 1.4137 1.5063 2.1379 1.9284 1.8683 1.9369 2.088 2.2472 2.2419 1.5156 -0.76%
Price Multiplier on Financial Quarter End Date
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
Date 30/09/24 30/09/24 29/12/23 30/12/22 31/12/21 31/12/20 31/12/19 31/12/18 29/12/17 30/12/16 31/12/15 31/12/14 -
Price 0.89 0.89 0.915 2.10 1.16 0.605 0.485 0.72 0.935 1.46 1.82 0.985 -
P/RPS 0.09 0.10 0.11 0.22 0.13 0.07 0.05 0.08 0.10 0.17 0.21 0.12 -0.96%
P/EPS 104.35 -36.62 -9.90 11.36 5.65 -28.45 -8.53 -12.96 -34.69 55.40 22.41 103.67 -
EY 0.96 -2.73 -10.10 8.80 17.71 -3.51 -11.72 -7.72 -2.88 1.80 4.46 0.96 -
DY 0.00 0.00 0.00 6.19 0.00 0.00 0.00 0.00 10.70 6.85 13.74 0.00 -
P/NAPS 0.61 0.61 0.60 1.31 0.52 0.30 0.25 0.36 0.44 0.63 0.80 0.64 -0.71%
Price Multiplier on Announcement Date
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
Date 24/10/24 24/10/24 27/02/24 23/02/23 28/02/22 24/02/21 26/02/20 21/02/19 27/02/18 23/02/17 29/02/16 12/02/15 -
Price 0.895 0.895 0.97 1.64 1.32 0.685 0.47 0.63 0.93 1.49 1.72 1.37 -
P/RPS 0.09 0.10 0.11 0.17 0.15 0.08 0.05 0.07 0.10 0.18 0.20 0.17 -4.71%
P/EPS 104.94 -36.82 -10.49 8.87 6.43 -32.21 -8.27 -11.34 -34.50 56.54 21.18 144.19 -
EY 0.95 -2.72 -9.53 11.27 15.56 -3.10 -12.10 -8.82 -2.90 1.77 4.72 0.69 -
DY 0.00 0.00 0.00 7.93 0.00 0.00 0.00 0.00 10.75 6.71 14.53 0.00 -
P/NAPS 0.62 0.62 0.64 1.02 0.59 0.34 0.24 0.31 0.44 0.64 0.75 0.89 -3.59%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ ⃤ & YoY ⃤ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

Discussions
9 people like this. Showing 50 of 1,922 comments

silentWolf

anybody know when the result will be out?

2023-07-25 13:54

GeneTakavic

Q2 -6.6m ,not bad

2023-07-28 09:46

teknikal

Still in downtrend mode. Last week tried to make Golden Cross but looks like it will be a failed one after the surprise loss in Q2.

2023-07-28 10:38

SWT1988

Still waiting below 1.00 b4 deciding

2023-08-09 19:51

firehawk

The release of chilled water to the sea from nuclear plant at Fukushima, would stricken all the seafood linked business including sushi.

2023-08-23 22:40

8u29song

so many choices......why japany food !!!!!

2023-08-24 09:11

8u29song

mati tak apa...belanja perubatan jahanamkan satu isi keluarga....jilaka punya japs

2023-08-24 09:16

SWT1988

Penny stock soon? not surprise if below 0.90

2023-08-25 14:11

Albukhary

Not penny stock soon, but is back to what it used to be.
Texchem used to at 50-60sen level

2023-08-25 14:13

starhock

stay aside first, don"t know what is the impact jap pouring the radioactive water into the ocean!

2023-08-25 16:09

neonstrife

Penny stock ? Maybe pn17. I guess those who is having common sense and brain will stop eating sushi. Fukushima wastewater and radioactive will really harm human health.

2023-08-25 23:50

PureInvest

Diners to go on enjoying their sushi, but ‘hold the sashimi’
savemalaysia
Publish date: Fri, 25 Aug 2023, 09:23 AM

PETALING JAYA: For some sushi fans, it’s still a case of “let’s dig in!”

“I will still go to Japanese restaurants whenever I get the cravings,” said engineer Albert Tey, 36.

He is not put off by the news that Japan’s Fukushima Daiichi nuclear power plant began releasing treated radioactive water into the Pacific Ocean yesterday.

This has led to China banning seafood from Japan with immediate effect.

But Tey, who loves sushi, said he would be at ease indulging in omakase, a chef’s choice menu, saying that he had faith in the stringent requirements on freshness and safety.

Others, like copywriter Lai May Choon, have a more pragmatic view.

Lai, 38, plans to continue enjoying sushi as most of the salmon available in the Malaysian market is farm-raised rather than caught in the wild.

“Since farmed fish is taken care of in a more controlled environment, we need not be overly worried,” she said.

She also voiced confidence in Japan’s reputation for precision and discipline, saying that she believes the wastewater release would be closely monitored.

Property agent Stella Lau, 40, however, admitted that she would avoid consuming sashimi, at least temporarily.

But she has confidence in the safety of other sushi ingredients.

“Japanese restaurants offer a variety of choices. So I will opt for other types of seafood instead of air-flown seafood from Japan,” she added.

Kampachi Restaurants Sdn Bhd deputy general manager G. Balam said their outlets import products from Japan twice a week.

“Our products mainly come from the Kansai and Tokyo regions,” he said.

He explained that they had adopted a proactive approach by avoiding products from Fukushima and its surrounding areas.

“This practice has been in place for many years, since the earthquake in 2011 in Japan,” he said.

Kampachi has posted an advisory on its website to address concerns over the release of tainted water into the sea off the coast of Fukushima.

It said that its “suppliers have been strictly instructed not to source any seafood from that area”.

Sushi King Sdn Bhd’s head of marketing, Gan Phaik Hoon, said the restaurant chain was aware of the concerns about food safety.

“However, our seafood is not imported from Japan. Our fish, mainly salmon and saba, are sourced from Norway. Other seafood, like prawns, comes from Vietnam,” said Gan.

On its website, Sushi King also announced that its salmon and saba (mackerel) are from Norway.

Meanwhile, Kuala Lumpur Hoi Seong Fish Wholesale Association chairman Sing Kian Hock said most fresh seafood in the local market originates from countries such as Myanmar, Thailand, Indonesia and India, with no imports from Japan.“Some high-priced seafood items, like Hokkaido scallops and spider crabs, are imported only occasionally for specific needs and are not part of the regular supply.

“Salmon mainly originates from Norway,” he added.



https://www.thestar.com.my/news/nation/2023/08/25/diners-to-go-on-enjoying-their-sushi-but-hold-the-sashimi

2023-08-26 12:22

WinBigOrLoseAll

no doubt this stock now going downhill, the market is bad plus continuous loss making QRs.
but the company itself is ok, the mgmt is good, and the biz also got potential.
might need to wait for years and hope the company can return to profit again to see the share price go back to the RM2 level again

2023-08-28 10:30

Cheers

Expensive and not nice

2023-08-29 09:09

Isaac Moo Yong

Albukhary is back. We need you texchem input

2023-08-29 10:51

teknikal

Remains in downtrend with price below MA20, MA50 and MA200.

2023-09-14 16:01

Lee Ying Yee

87c buy n hold ???

2023-09-26 21:13

Lee Ying Yee

company buyback $1.3 above , i buy 85c > will make investment mistakes ???

2023-10-03 21:40

Lee Ying Yee

ya wait 65c again ???

2023-10-05 08:43

teknikal

Still downtrend but oversold

2023-10-05 10:48

Lee Ying Yee

wait second time drop at 55c to 65c ???

2023-10-06 09:00

Lee Ying Yee

wait 55c

2023-10-13 11:52

teknikal

Price still in downtrend

2023-10-27 08:57

Michael Kwok

Post removed.Why?

2023-10-28 11:40

Cookieyirl

Look same like hapseng always down , just bought in 835 .
Let’s see can rebound or not

2023-11-02 12:20

Cookieyirl

Today can touch rm1?

2023-11-03 10:58

Cookieyirl

Jumbo fly to sky

2023-11-03 15:21

teknikal

Short term trend turned positive resistance at 1.04

Long term trend still bearish though

2023-11-06 09:26

GrowthCapitalist

The problem with this guy is that the market cap is 121.317m. Very hard to comprehend that it will get bullish again.

2023-11-19 02:37

tomanhead

??? 😳

2024-01-03 15:10

hw0706

Below 0.60 first

2024-02-03 15:24

xiaoeh

when will be the next goreng time?

2024-02-03 16:30

PureInvest

exchem Resources - Recoveries in Industrial and Polymer Divisions; BUY
rhbinvest
Publish date: Wed, 28 Feb 2024, 04:47 PM

Keep BUY, with new MYR1.44 TP from MYR1.50, 49% upside. Texchem Resources’ FY23 results missed expectations on slower-than-expected recovery. That said, following a lacklustre share price performance (-56%) in FY23 due to weak results and margins compression, TEX could be a laggard play into FY24 that is poised to benefit from volume recovery, particularly from industrial and polymer engineering divisions. The current depressed valuation offers a good entry into the diverse businesses, coupled with solid balance sheet and strong cash flow generation.

Missed expectations. TEX recorded FY23 core losses of MYR10.4m (vs MYR30.8m profit in FY22) after adjustments for an employee stock option scheme expense and gain on disposal of investment in associate. The disappointment came from weaker-than-expected sales and margins, and high effective tax rate – from the non-availability of tax relief from losses incurred by certain subsidiaries and under-provision from the prior period.

Results review. YoY, FY23 revenue dipped 13.1% due to weaker market demand from the industrial and polymer engineering divisions, while its restaurant divisions were impacted by weaker consumer sentiment. FY23 EBITDA margin contracted 3.1ppts to 7% on the loss of economies of scale and higher input and operating costs. QoQ, 4Q23 revenue were flattish, with recovery in polymer engineering division offset by weakness seen in the restaurant division. Due to higher operating costs, the company achieved 4Q23 core losses of MYR3.2m (vs MYR2.1m in 3Q23).

Outlook. We expect encouraging recovery momentum among semiconductor customers, while the medical life science customers continue to grow steadily as per guided. The execution of new high margin business since 4Q23 is expected to contribute positively into FY24. In the industrial division, the chemical prices have begun to reverse, which should lead to improved demand as customers deplete their on-hand inventory. On the other hand, expectations of contained inflation and a review of employees’ salary schemes could improve consumer sentiment, benefitting the restaurant division in FY24 while competition on retail F&B scene and cost input pressure remains. However, the food division may continue to face challenges due to FX control measures in Myanmar. Management has put up contingency plans to stimulate local demand for its products while slowly diversify its supply chain away from Myanmar to mitigate the impact. All in, we look forward to a profitable FY24 year for TEX.

Forecast and valuations. We maintain our FY24-25 forecast in view of a stronger FY24 outlook and guidance, and introduce FY26F earnings (+25%). We also take the opportunity to revise our ESG score to 3.0 from 3.2, given the lack of disclosure on emissions. Our SOP-derived TP is lowered to MYR1.44 (after applying a 20% conglomerate discount) – implying a blended 13.4x FY24F P/E. Key risks: Escalation of input costs, weaker-than-expected sales/orders, fluctuation of chemical prices, and unfavourable FX rates.

Source: RHB Research - 28 Feb 2024

2024-02-28 20:57

cK1973

RHB-OSK TP 1.44
that's pretty high.....

2024-05-06 16:25

cK1973

no one here ka....
what happen?

2024-05-07 15:25

cK1973

hello...
stil kosong ka ...

2024-05-14 15:27

cK1973

hello .....
no one here ka....
pretty quiet here....

2024-05-28 14:19

wctberhad

Do u all still remember 3 CHEM ... during the bull days ,,, TEXCHEM """ SAMCHEM"" LUXCHEM>>> all are gone now... maybe wait for next cycle... Now all go to AI ... but dont be greedy it will end up like CHEM company ... sooner or later ... Everest hill graph of company share cannot sustain ,,, any thing go up ..must come down .... GOOD LUCK guys ....

2024-06-04 19:28

wctberhad

LOOK like from the graph ... n report Luxchem is much better to buy when it fall to 55 cents ... look like in uptrend ...

2024-06-04 19:38

tomanhead

Should be shooting up soon 😁

2024-07-03 15:16

curiousq

This one operates Burger King?
Pouring contaminated radioactive water to sea undermines their business?

2024-07-04 00:09

tomanhead

Curiousq this one have nothing to do with burger king or radioactive water…read above 👆 someone posted before 😁

2024-07-04 11:55

1DERFUL

Stock started to revers, banker money in... next RL 1.10 💰🚀

2024-07-30 12:04

firehawk

Curious, they operate sushiking, which is badly affected by the incident

2024-08-02 14:04

curiousq

thanks firehawk

2024-08-02 14:46

UnicornP

Currently Texchem's most valuable area of business is their polymer engineering.

2024-08-22 12:35

UnicornP

However we do expect factory capacity utilization to drop as we enter into the seasonal low period of the HDD industry in the 1st half of 2025. Moreover we do see new headwinds with the strengthening of the MYR vs USD
as well as a growing uncertainty in the world’s macro-economic outlook going into 2025.
(From JCY's latest QR prospect)

2 months ago

1DERFUL

@UnicornP - Your comments is about JCY INTERNATIONAL BERHAD not TEXCHEM. Texchem Resources Bhd, dated July 25, 2024. It outlines the company's financial performance for the second quarter and first half of the fiscal year 2024 (2QFY24 and 1HFY24), ending June 30, 2024. Here are the key highlights:

Revenue Growth: Texchem reported a 12.1% year-on-year (YoY) increase in revenue for 1HFY24, reaching RM570.4 million. For 2QFY24, the revenue rose by 22.6% YoY to RM294.7 million.

Profit Performance: The company returned to profitability with a net profit of RM1.0 million in 2QFY24, compared to a net loss of RM6.3 million in the same period last year. For 1HFY24, the net loss narrowed to RM0.4 million from RM6.5 million in 1HFY23.

Divisional Performance:

Industrial Division: This division experienced a 25.5% YoY increase in revenue, reaching RM134.7 million.
Polymer Engineering Division: The revenue jumped by 35.2% YoY to RM56.9 million, driven by recovery in sectors such as semiconductors, hard disk drives, and medical life sciences.
Food and Restaurant Divisions: These divisions also saw revenue growth, with the Food Division increasing by 17.3% YoY to RM32.5 million and the Restaurant Division rising by 10.6% YoY to RM69.6 million.
Challenges and Future Outlook: While the Food and Restaurant Divisions continue to face a challenging business environment, initiatives in the Restaurant Division are starting to yield positive results. The company is optimistic about maintaining the momentum in its core divisions, particularly in Polymer Engineering with strategic projects contributing positively.

2 months ago

1DERFUL

Texchem Resources Bhd has redesignated its executive director Dr Yuma Konishi as the group chief executive officer following the retirement of Yap Kee Keong from the post.

1 month ago

UnicornP

Even when USD weakened from 4.70 to 4.10 from July to September, Texchem still can produce such a commendable turnaround of results.

4 weeks ago

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