LUXCHEM (5143): Financials Summary, Key Results, Growth

Yes, with 208m cash in hand, one sen dividend is disappointing. Bank borrowing is only 84m. The management has not indicated how they intend to use the money. The inventory of 130m is much higher than the 73m in 2020. This should be good as cost has risen lately.

2022-02-18 10:01

Agree with Brutus that long term prospect is bright, especially their expansion into the China market. From 24,000 to 28m. The export expanded 47% too. The growth is commendable.

2022-02-18 10:48

Should let the big boss' son get slapped at hotpot restaurant ... Luxchem sure spike to 85sen. HAHA

2022-02-18 11:24

How? Emm

2022-03-15 16:18

Silentreader88

Just collect. This counter is the most laggard compared to other HC related counter, once they all at rest this counter will shoot up. Fundamentally is promising

2022-03-17 11:36

Can sense some buying interest for the past two days

2022-04-04 13:28

DickyMe, do you think the buying is fake?

2022-04-06 15:12

HK_Trust

Taiwan fellow news, this time Covid will be more worsen then previous

2022-04-07 15:01

Hi Dicky Me, why u sounds so funny and feeling so bad on this counter?

2022-04-07 22:17

A big gameplay might be coming this year or next year or next next year. HAHAHA

2022-04-07 22:18

lastwing

Slowly they will recovery.

2022-04-14 08:56

neonstrife

https://www.theedgemarkets.com/article/luxchem-acquire-block-n-jaya-one-rm1998-mil

KUALA LUMPUR (April 20): Plastic material and resin manufacturer Luxchem Corp Bhd has proposed to acquire a leasehold property in Petaling Jaya, Selangor, for a total consideration of RM19.88 million.

The company said it intends to shift its head office to the newly acquired property, amid space constraints at its existing head office situated in Damansara Utama.

According to Luxchem’s bourse filing, Luxchem Trading Sdn Bhd (LTSB), a wholly-owned subsidiary of the company, has entered into a sale and purchase agreement (SPA) with Worldwide Emergency Assistance (Malaysia) Sdn Bhd to purchase the whole of Block N at Jaya One, Petaling Jaya.

The property has a built up area of 28,578.2 sq ft, with a 99 years leasehold tenure due to expire on May 28, 2105. It is also free from all encumbrances and not subject to any restriction in interest.

Luxchem said the purchase price was arrived at on a willing buyer-willing seller basis after taking into consideration the assessment on the location, accessibility, suitability of the site, availability of public services and development of the surrounding area.

“The settlement of the purchase price will be funded by cash via internally-generated funds and bank borrowings,” it said, adding that the proposed acquisition is expected to be completed within three months from the date of the SPA.

Luxchem’s share price finished 2.14% or one and a half sen lower at 68.5 sen on Wednesday (April 20), bringing it a market capitalisation of RM732.86 million.

2022-04-21 09:56

boy2ts

move pls..

2022-06-14 13:09

imvu

0.585 , oversold ? rebound sama dengan glove ?

2022-06-20 07:48

PunTatBerSiul

Post removed.Why?

2022-06-22 22:20

Zackmeiser

Downtrending. Time to accumulate

2022-07-18 17:06

DickyMe10

LIM KUANG SIA (49,200,000 units Acquired)
CHOW CHENG MOEY (49,200,000 units Disposed)

Right hand to Left hand
Kiri Kanan
Depan cucuk keluar belakang.

Net = 0

2022-08-29 11:15

bad results. going to fall

2022-10-28 00:29

Luckup

bad result,but price hold steady. so, once earning improve, possible price jump.

2022-12-05 18:56

other counters all rebound. this counter forever sleeping

2022-12-07 23:42

fortunefire

think the price will drop further after the ex-date.

2023-04-05 14:52

road to 30sen bros. faster dump

2023-05-25 15:53

@DickyMe you also holding alot of shares like me?

2023-05-29 21:52

DickyMe

This fellow hiked up no of shares by printing ESOS.

In 2014 increase of 100%
In 2017 increase of 300%
Current increase ~15%

They diluted it and now buying back their own shares.

It is limbo rock show!

2023-06-08 13:02

fortunefire

madam chin keeps on buying back. good news coming?

2023-06-15 09:45

4ever5

A stock that i trapped myself for a year with lost, but continue to average down this stock.. hold long as long as continue giving dividend.

2023-08-27 23:17

Michael Kwok

Luxchem 51cents
Buy on weaknesses if got dip below 49 cents
15 trading days period and try
60 cents range
30/10/23 12.17am

2023-10-31 00:17

board of directors keep buying as the price is being pressed down

2023-12-07 12:14

speakup

Rumour created by u?

2024-01-02 13:22

MACD

QR ok and giving dividend

2024-02-27 10:37

board quietly and slowly accumulating

2024-03-19 10:30

price now at 2 year high

2024-04-26 12:04

Because demand for latex chemical was high during Covid era. It rode up with glove companies

2024-04-30 22:00

Siow Looi

Sapu first, glove mania is back

2024-05-15 11:29

jerret

no harm to collect good stock with low price

2024-05-15 15:15

azfar8

Not so luck

2024-05-30 17:33

jerret

gap is sealed, market sentiment is back today..inventory for glove is almost used out, perhaps need to purchase raw material from luxchem in tandem with glove demand start picking up

2024-06-04 21:29

That's right and Malaysia can achieve double-digit growth in rubber gloves export in 2024

2024-06-11 20:42

DickyMe

Next month QR.
Collect some bit by bit.

2024-06-20 23:54

Current share price = NTA value 😁

2024-07-03 12:01

Breaking 60 sen next week I guess ..

2024-07-20 16:21

Schwoosh

Dividend is coming

2024-07-25 16:08

Yup, end of Aug

2024-07-30 18:29