Hi guys,
In the STOCK PERFORMANCE GUIDE (March 2015 Edition) Dr Neoh Soon Kean of Dynaquest gave LUXCHEM a 5 Star Rating
Wondered why 5 A?
Here are some discoveries
1) The first A is Accounts
It shows Rm126 Millions in Cash
And Rm63 Millions in borrowing
So it has a Nice Cash Hoard of Rm63 Millions
Very good compared to all Glove Companies
Its P/E about 11 (Again the best among all Gloves)
Above all is its Excellent Dividend Yields
See
So from Cash Position, Earnings & Dividends LUXCHEM passed with flying colours
2) The 2nd A is its ASSETS!!
For that please go to Luxchem Annual Report & Scrool down to PROPERTIES Owned by Luxchem
See the 1st one
1. No. 6 Jalan SS21/58, Damansara Utama, 47400 Petaling Jaya,
Selangor Darul Ehsan/ H.S (D) 170789, No. P.T. 6012,
Bandar Petaling Jaya, Petaling Jaya, Selangor Darul Ehsan
42 years/ freehold - Shoplot (4 storey mid terraced shopoffice)/office
Date of Purchase: April 08, 1991
Original cost price ; RM611,865
Current book value : Rm427,680
WOW! WOW! WOW!!
This FREEHOLD 4 STOREY SHOPHOUSE IN DAMANSARA UTAMA, PETALING JAYA WAS PURCHASED IN YEAR 1991 WITH ORIGINAL TRANSACTED PRICE PAID FOR RM611,865
NOW IT HAS BEEN DEPRECIATED TO A BOOK VALUE OF ONLY RM427,680?
HUHUHU!
IS THIS THE TRUE CURRENT VALUE?
SEE THIS
WHOA! IT'S RM4.5 MILLIONS!
Why only Rm427,680?
Now less than 10% ?? AMAZING INDEED!!
Now take another look at LUXCHEM NAV
IS THE NTA OF 34 SEN ACCURATE?
NET TANGIBLE ASSET OF 4 STOREY SHOPHOUSE IN DAMANSARA UTAMA ONLY RM427,680?
REALLY?
IF NOT THEN HOW MUCH?
34 SEN X 2? = 68 sen
34 SEN X 3 = Rm1.02
OR 34 SEN X 10 = Rm3.40?
ONLY A TRUE VALUATION TO UPDATE ITS REAL ASSETS VALUE WILL SHOW
IN ANY CASE
THE ASSETS OF LUXCHEM ARE GROSSLY UNDERVALUE
OR OBSCENELY UNDERVALUE?
3) ITS ACCLAIM
Why LUXCHEM IS SO FAMOUS? OR RATHER IT SUPPLIES TO WORLD FAMOUS COMPANIES LIKE TOP GLOVE, HARTELEGA, SUPERMAX, COMFORT GLOVES & RUBBEREX
ACCORDING TO JP MORGAN MALAYSIA GLOVE COMPANIES ARE WORLD CHAMPIONS
Calvin bought into TopGlove at Rm5.00 in its early days. Taken good profit. Bought Supermax again at Rm1.60. Supermax made me another 100% when it reached Rm3.20 & split just like TopGlove did
Now Calvin very happy to buy back Supermax, Comfort Gloves & Luxchem
Malaysia has captured 65% of the World Glove Markets
Why Malaysia and not Japan or USA ? Simply no rubber trees can grow in Japan or USA!
1) BECAUSE ONLY MALAYSIA HAS FRESH LATEX WHICH RUBBER GLOVE COMPANIES NEED DAILY
NITRILE GLOVES ONLY CAME INTO PLAY IN THE MID NINETIES AFTER MALAYSIAN RUBBER GLOVES EXPORT ALREADY ENTRENCHED ITS POSITION ON WORLD MARKET
2) ANOTHER REASON IS COST
Glove Production entails intensive use of manual labour. Malaysia imports cheap Bangla labourers by the Millions which neither Japan nor USA would allow
Each rubber or nitrile glove must be personally tested one by one (machines cannot do this)
See
https://www.youtube.com/watch?v=1-uH0KmgU_o
4) THE ACCELERATION
NOW WE ARE IN THE VERY MIDST OF A WORLD WIDE PANDEMIC OF CORONAVIRUS
MANY HAVE REQUESTED 20 LORRIES OF GLOVES WHEN THEY USED TO BUY 10 LORRIES
TOPGLOVE SAID EVEN ENTIRE GOVERNMENTS OF NATIONS ARE ASKING TO BUY GLOVES DIRECTLY DUE TO ASTRONOMICAL DEMAND OF GLOVES FOR PROTECTION AGAINST CORONAVIRUS
PRODUCTION IS IN FULL ACCELERATION INTO 24/7
HARTALEGA EVEN INCREASED GLOVE PRICES BY 3% TO 5%
RUBBEREX NEW FACTORY SHOULD INCREASE BY ANOTHER 1 BILLION NITRILE GLOVES
TOTAL PRODUCTION WILL SKYROCKET TO OVER 300 BILLIONS?
AMAZING
SINCE ALL GLOVE COMPANIES BUY LATEX AND NITRILE RESIN FROM LUXCHEM
LUXCHEM SHOULD DO EXTREMELY WELL!
5) THE ACCUMULATION!!
Knowing full well the Deep Value of LUXCHEM Top Boss already secured more than 50% of the total paid up shares
And still adding more
THAT'S IT
5 STAR RATING
Account (High Net Cash & Good dividends)
Asset (Totally undervalue)
Acclaim (World Champion Glove Companies proxy)
Acceleration (Increasing demand & rising prices)
Accumulation (Directors gobbling up)
Best Regards
Calvin Tan Research
Please buy or sell after doing your own due diligence. In doubt please check with your remisier, fund manager, accountant or real estate valuer.
https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-04-20-story-h1506050113-LUXCHEM_5143_A_5_STAR_RATED_STOCK_DUE_TO_TRIPLE_FACTORS_OF_COVID_19_LOW.jsp
In the STOCK PERFORMANCE GUIDE (March 2015 Edition) Dr Neoh Soon Kean of Dynaquest gave LUXCHEM a 5 Star Rating
Wondered why 5 A?
Here are some discoveries
1) The first A is Accounts
It shows Rm126 Millions in Cash
And Rm63 Millions in borrowing
So it has a Nice Cash Hoard of Rm63 Millions
Very good compared to all Glove Companies
Its P/E about 11 (Again the best among all Gloves)
Above all is its Excellent Dividend Yields
See
| 19-Feb-2020 | 17-Apr-2020 | DIVIDEND | Interim Dividend | RM 0.0125 |
 |
| 31-Jul-2019 | 03-Sep-2019 | DIVIDEND | Interim Dividend | RM 0.01 |
|
| 25-Feb-2019 | 23-Apr-2019 | DIVIDEND | Interim Dividend | RM 0.0125 |
|
| 26-Jul-2018 | 05-Sep-2018 | DIVIDEND | Interim Dividend | RM 0.01 |
|
| 20-Feb-2018 | 18-Apr-2018 | DIVIDEND | Interim Dividend | RM 0.015 |
|
| 23-Aug-2017 | 06-Sep-2017 | STOCK_SPLIT | Subdivision | 1 : 3 |
|
| 01-Sep-2017 | 29-Aug-2017 | DIVIDEND | Interim Dividend | RM 0.025 |
|
| 16-Feb-2017 | 19-Apr-2017 | DIVIDEND | Interim Dividend | RM 0.045 |
|
| 29-Jul-2016 | 09-Sep-2016 | DIVIDEND | Interim Dividend | RM 0.025 |
|
| 11-Mar-2016 | 31-May-2016 | DIVIDEND | Final Dividend | RM 0.0450 |
|
| 30-Jul-2015 | 11-Sep-2015 | DIVIDEND | Interim Dividend | RM 0.0200 |
|
| 14-Apr-2015 | 29-May-2015 | DIVIDEND | Final Dividend | RM 0.03 |
|
| 04-Dec-2014 | 16-Dec-2014 | BONUS_ISSUE | Bonus Issue | 1 : 1 |
|
| 05-Aug-2014 | 05-Sep-2014 | DIVIDEND | Interim Dividend | RM 0.03 |
So from Cash Position, Earnings & Dividends LUXCHEM passed with flying colours
2) The 2nd A is its ASSETS!!
For that please go to Luxchem Annual Report & Scrool down to PROPERTIES Owned by Luxchem
See the 1st one
1. No. 6 Jalan SS21/58, Damansara Utama, 47400 Petaling Jaya,
Selangor Darul Ehsan/ H.S (D) 170789, No. P.T. 6012,
Bandar Petaling Jaya, Petaling Jaya, Selangor Darul Ehsan
42 years/ freehold - Shoplot (4 storey mid terraced shopoffice)/office
Date of Purchase: April 08, 1991
Original cost price ; RM611,865
Current book value : Rm427,680
WOW! WOW! WOW!!
This FREEHOLD 4 STOREY SHOPHOUSE IN DAMANSARA UTAMA, PETALING JAYA WAS PURCHASED IN YEAR 1991 WITH ORIGINAL TRANSACTED PRICE PAID FOR RM611,865
NOW IT HAS BEEN DEPRECIATED TO A BOOK VALUE OF ONLY RM427,680?
HUHUHU!
IS THIS THE TRUE CURRENT VALUE?
SEE THIS
Sale RM 4,500,000
damansara utama 4 storey shop, petaling jaya, Damansara Utama
jalan ss 21/58, petaling jaya, Selangor
- Built-up : 6,600 sq. ft.
- Land area : 22x75 sq. ft.
WHOA! IT'S RM4.5 MILLIONS!
Why only Rm427,680?
Now less than 10% ?? AMAZING INDEED!!
Now take another look at LUXCHEM NAV
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
31 Dec 2019
|
31 Dec 2018
|
31 Dec 2019
|
31 Dec 2018
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
187,155
|
206,246
|
765,480
|
814,086
|
| 2 | Profit/(loss) before tax |
12,757
|
11,189
|
50,122
|
49,880
|
| 3 | Profit/(loss) for the period |
9,418
|
8,475
|
36,956
|
37,378
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
9,569
|
8,576
|
37,645
|
37,788
|
| 5 | Basic earnings/(loss) per share (Subunit) |
1.09
|
1.00
|
4.27
|
4.42
|
| 6 | Proposed/Declared dividend per share (Subunit) |
1.25
|
1.25
|
2.25
|
2.25
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
0.3400
|
0.3300
|
||
IS THE NTA OF 34 SEN ACCURATE?
NET TANGIBLE ASSET OF 4 STOREY SHOPHOUSE IN DAMANSARA UTAMA ONLY RM427,680?
REALLY?
IF NOT THEN HOW MUCH?
34 SEN X 2? = 68 sen
34 SEN X 3 = Rm1.02
OR 34 SEN X 10 = Rm3.40?
ONLY A TRUE VALUATION TO UPDATE ITS REAL ASSETS VALUE WILL SHOW
IN ANY CASE
THE ASSETS OF LUXCHEM ARE GROSSLY UNDERVALUE
OR OBSCENELY UNDERVALUE?
3) ITS ACCLAIM
Why LUXCHEM IS SO FAMOUS? OR RATHER IT SUPPLIES TO WORLD FAMOUS COMPANIES LIKE TOP GLOVE, HARTELEGA, SUPERMAX, COMFORT GLOVES & RUBBEREX
ACCORDING TO JP MORGAN MALAYSIA GLOVE COMPANIES ARE WORLD CHAMPIONS
Calvin bought into TopGlove at Rm5.00 in its early days. Taken good profit. Bought Supermax again at Rm1.60. Supermax made me another 100% when it reached Rm3.20 & split just like TopGlove did
Now Calvin very happy to buy back Supermax, Comfort Gloves & Luxchem
Malaysia has captured 65% of the World Glove Markets
Why Malaysia and not Japan or USA ? Simply no rubber trees can grow in Japan or USA!
1) BECAUSE ONLY MALAYSIA HAS FRESH LATEX WHICH RUBBER GLOVE COMPANIES NEED DAILY
NITRILE GLOVES ONLY CAME INTO PLAY IN THE MID NINETIES AFTER MALAYSIAN RUBBER GLOVES EXPORT ALREADY ENTRENCHED ITS POSITION ON WORLD MARKET
2) ANOTHER REASON IS COST
Glove Production entails intensive use of manual labour. Malaysia imports cheap Bangla labourers by the Millions which neither Japan nor USA would allow
Each rubber or nitrile glove must be personally tested one by one (machines cannot do this)
See
https://www.youtube.com/watch?v=1-uH0KmgU_o
4) THE ACCELERATION
NOW WE ARE IN THE VERY MIDST OF A WORLD WIDE PANDEMIC OF CORONAVIRUS
MANY HAVE REQUESTED 20 LORRIES OF GLOVES WHEN THEY USED TO BUY 10 LORRIES
TOPGLOVE SAID EVEN ENTIRE GOVERNMENTS OF NATIONS ARE ASKING TO BUY GLOVES DIRECTLY DUE TO ASTRONOMICAL DEMAND OF GLOVES FOR PROTECTION AGAINST CORONAVIRUS
PRODUCTION IS IN FULL ACCELERATION INTO 24/7
HARTALEGA EVEN INCREASED GLOVE PRICES BY 3% TO 5%
RUBBEREX NEW FACTORY SHOULD INCREASE BY ANOTHER 1 BILLION NITRILE GLOVES
TOTAL PRODUCTION WILL SKYROCKET TO OVER 300 BILLIONS?
AMAZING
SINCE ALL GLOVE COMPANIES BUY LATEX AND NITRILE RESIN FROM LUXCHEM
LUXCHEM SHOULD DO EXTREMELY WELL!
5) THE ACCUMULATION!!
Knowing full well the Deep Value of LUXCHEM Top Boss already secured more than 50% of the total paid up shares
And still adding more
| DATUK KWAN FOH KWAI | 19-Mar-2020 | Acquired | 50,000 | - |
|
| DATUK KWAN FOH KWAI | 16-Mar-2020 | Acquired | 50,000 | - |
|
| DATO' HAJI MOKHTAR BIN HAJI SAMAD | 23-Aug-2019 | Others | 300,000 | 0.240 |
|
| MADAM CHEN MOI KEW | 28-Jun-2019 | Acquired | 4,590,000 | - |
|
| MADAM CHIN SONG MOOI | 14-Jun-2019 | Acquired | 800,000 | - |
|
| MR TANG YING SEE | 14-Jun-2019 | Acquired | 800,000 | - |
|
| MADAM CHEN MOI KEW | 13-Jun-2019 | Disposed | 2,595,000 | - |
|
| MADAM CHIN SONG MOOI | 13-Jun-2019 | Acquired | 4,100,000 | - |
|
| MR TANG YING SEE | 13-Jun-2019 | Acquired | 4,100,000 |
THAT'S IT
5 STAR RATING
Account (High Net Cash & Good dividends)
Asset (Totally undervalue)
Acclaim (World Champion Glove Companies proxy)
Acceleration (Increasing demand & rising prices)
Accumulation (Directors gobbling up)
Best Regards
Calvin Tan Research
Please buy or sell after doing your own due diligence. In doubt please check with your remisier, fund manager, accountant or real estate valuer.
https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-04-20-story-h1506050113-LUXCHEM_5143_A_5_STAR_RATED_STOCK_DUE_TO_TRIPLE_FACTORS_OF_COVID_19_LOW.jsp
