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Hi guys
Very happy to see SUPERBULL RUN IN GLOVE STOCKS LIKE TOPGLOVE, SUPERMAX, KOSSAN & HARTALEGA
ALL ARE NOW SPEEDING UP EXTRA NEW FACTORIES FOR MORE GLOVE PRODUCTIONS TO MEET INCREASING DEMAND TILL YEAR 2021 & BEYOND
TOPGLOVE ALREADY STATED ITS LATEX GLOVE WILL BE PRESOLD & FULLY BOOKED  TILL 400 DAYS FAR INTO MID 2021
ORDERS ARE STILL PILING IN
SUPERMAX RUSHING TO SET UP 4 NEW GLOVE FACTORIES. RUBBEREX INCREASING PRODUCTION BY A BILLIONS
SRI TRANG GLOVE THAILAND ALSO RUSHING TO BE TOP 3 IN WORLD GLOVE EXPORTS
ALL THESE WILL SPUR DEMAND FOR GLOVE CHEMICALS LIKE NEVER BEFORE
LATEST TO JOIN THE GAME IS TEXCHEM
NOW LET'S SEE THE FIRE POWER OF TEXCHEM BY COMPARING IT WITH LUXCHEM & SAMCHEM

LUXCHEM

SUMMARY OF KEY FINANCIAL INFORMATION
31 Mar 2020

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Mar 2020
31 Mar 2019
31 Mar 2020
31 Mar 2019
$$'000
$$'000
$$'000
$$'000
1 Revenue
174,481
202,449
174,481
202,449
2 Profit/(loss) before tax
13,066
12,844
13,066
12,844
3 Profit/(loss) for the period
9,042
9,691
9,042
9,691
4 Profit/(loss) attributable to ordinary equity holders of the parent
9,986
9,599
9,986
9,599
5 Basic earnings/(loss) per share (Subunit)
1.11
1.11
1.11
1.11
6 Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00
   
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 ($$)
0.3500
0.3300

Definition of Subunit:
In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:
 
Country Base Unit Subunit
Malaysia Ringgit Sen
United States Dollar Cent
United Kingdom Pound Pence

LUXCHEM PRICE IS 69 SEN & NAV IS 35 SEN



SAMCHEM

SUMMARY OF KEY FINANCIAL INFORMATION
31 Mar 2020

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Mar 2020
31 Mar 2019
31 Mar 2020
31 Mar 2019
$$'000
$$'000
$$'000
$$'000
1 Revenue
258,426
259,629
258,426
259,629
2 Profit/(loss) before tax
6,461
7,444
6,461
7,444
3 Profit/(loss) for the period
4,752
5,519
4,752
5,519
4 Profit/(loss) attributable to ordinary equity holders of the parent
4,326
5,246
4,326
5,246
5 Basic earnings/(loss) per share (Subunit)
1.59
1.93
1.59
1.93
6 Proposed/Declared dividend per share (Subunit)
0.00
1.00
0.00
1.00
   
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 ($$)
0.5900
0.5700

Definition of Subunit:
In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:
 
Country Base Unit Subunit
Malaysia Ringgit Sen
United States Dollar Cent
United Kingdom Pound Pence
SAMCHEM PRICE IS 70.5 SEN AND NAV IS 59 SEN


TEXCHEM

SUMMARY OF KEY FINANCIAL INFORMATION
31 Mar 2020

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Mar 2020
31 Mar 2019
31 Mar 2020
31 Mar 2019
$$'000
$$'000
$$'000
$$'000
1 Revenue
251,697
285,840
251,697
285,840
2 Profit/(loss) before tax
-8,049
5,712
-8,049
5,712
3 Profit/(loss) for the period
-8,440
3,284
-8,440
3,284
4 Profit/(loss) attributable to ordinary equity holders of the parent
-6,930
2,424
-6,930
2,424
5 Basic earnings/(loss) per share (Subunit)
-5.75
1.99
-5.75
1.99
6 Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00
   
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 ($$)
1.9067
1.9504
 
TEXCHEM IS 46.5 SEN WITH NAV OF RM1.90

WAHAHA!

Calvin promoted LUXCHEM when it was 47 sen
See
https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-04-18-story-h1506021194-TOP_REASONS_WHY_LUXCHEM_5143_COULD_BE_THE_SUPERSTOCK_OF_THE_GLOVE_BULL_.jsp
Calvin bought LUXCHEM at 47 sen and SOLD LUXCHEM at 81.5 SEN!
Huhuhu!!
NOW CALVIN IS BULLISH ON TEXCHEM BECAUSE TEXCHEM IS GOING TO MAKE
LATEX RUBBER GLOVE CHEMICALS
NITRILE GLOVE CHEMICALS
FACESHIELD
See https://www.google.com/search?source=univ&tbm=isch&q=texshield+photo&sa=X&ved=2ahUKEwjH7ejB87XqAhUyiOYKHb1pB_gQsAR6BAgFEAE&biw=1373&bih=594
DISTRIBUTE FACE MASKS
HAND SANITIZER

So many companies with just "Noise" of going into healthcare are chased up just on rumour.
FOR TEXCHEM IT HAS BEEN PRODUCING CHEMICALS ALL ALONG
SO CONVERTING ITS 10 HUGE INDUSTRIAL FACTORIES TO MAKE GLOVE CHEMICALS WILL BE A BREEZE
YES! TEXCHEM HAS 10 HUGE FACTORIES COMPARED TO LUXCHEM & SAMCHEM (BOTH WITH LESSER ASSETS AS SHOULN BY ITS NTA
LUXCHEM NTA (NET TANGIBLE ASSET) = 35 SEN
SAMCHEM NTA (NET TANGIBLE ASSET) = 59 SEN
TEXCHEM NTA (NET TANGIBLE ASSET) = RM1.90
EVEN IF BOTH LUXCHEM 35 SEN & SAMCHEM 59 SEN ADD UP THEIR TOTAL NTA IS ONLY 94 SEN (COMBINED)
SO TEXCHEM AT RM1.90 IS 102% MORE THAN BOTH !!! DOUBLE THEIR CAPACITIES!!
TAKE A GOOD LOOK AT TEXCHEM FACTORIES & WAREHOUSES IN PRIME LOCATIONS

1. Texchem Materials Sdn. Bhd...........Freehold ...........2.54 acres. Warehouse..................................Rm5,141,000
acres
No. 6 & 6A, Jalan Tampoi 7/4,
Kawasan Perusahaan Tampoi,
81200 Johor Bahru,
Johor Darul Takzim.
31 years N/A 2 September
1999
 
2. Texchem-Pack (M) Sdn. Bhd................3.96 acres Office & Factory......................................Rm5,554,000
No. 1465, Mukim 11,
Lorong Perusahaan Maju 6,
Fasa 4, Kawasan Perindustrian Perai,
13600 Perai, Penang.
Leasehold
60 years
 
3. Texchem-Pack (PP) Sdn. Bhd.............3.78 acres Office & Factory..... Rm6,343,000
 
Part of Lot 1241, Phase III,
Bayan Lepas Free Industrial Zone,
11900 Penang.
Leasehold
60 years
 
 
4. Texchem-Pack (Johor) Sdn. Bhd...........0.97 acre  Office & Factory.........................Rm.4,182,000
No. 3, Jalan Mutiara 7,
Taman Perindustrian Plentong,
81750 Masai, Johor Darul Takzim.
Freehold October
1998
 
5. Eye Graphic Sdn. Bhd..............................0.27 acre Office & Factory..............Rm889,000
No. 5, Lorong Perusahaan Maju 11,
Taman Perusahaan Pelangi,
13600 Perai, Penang.
Freehold  16 April 1996
 
6. Texchem Life Sciences Sdn. Bhd...........2.1 acres Office & Factory................Rm9,497,000
Lot 3, Jalan P/6,
Kawasan Perindustrian Bangi,
43650 Bandar Baru Bangi,
Selangor Darul Ehsan.
Leasehold
99 years
*7 September
2004
 
7. Texchem-Pack (Thailand) Co., Ltd.......Freehold... 8.56 acres Office & Factory.........Rm14,412,000
234, Moo 2,
Bangpa-in Industrial Estate,
Udomsorayut Road,
Tambol Klong-jig,
Amphur Bangpa-in,
Phranakorn Sri Ayutthaya Province,
13160 Thailand.
 
8. Wilpack Food Services Sdn. Bhd...............1 acre  Office & Factory............Rm918,000
No. 2446, Mk 1,
Solok Perusahaan Satu,
Kawasan Perindustrian Perai,
13600 Perai, Penang.
Leasehold
15 July 1983 
 
9. Plot 78(a), Perai Industrial Park,.............0.19 acre Factory.............................................Rm82,000
Daerah Seberang Perai Tengah,
Penang.
Leasehold
60  years
20
September
2070
7 May 2008
 
 
10. Texchem Corporation Sdn. Bhd..............5.01 acres  Freehold....Office & Warehouse........Rm26,504,000
 
Lot Nos. 808 & 809, Jalan Subang 5,
Taman Perindustrian Subang,
47610 Subang Jaya,
Selangor Darul Ehsan.
Freehold 5.01
acres
Office &
Warehouse
26 years N/A 28 October
2015
26,504
 
SEE ALL THE OFFICES, FACTORIES & WAREHOUSES OF TEXCHEM ARE LOCATED IN PRIME AREAS OF PENANG, SELANGOR SUBANG, JOHOR & THAILAND!!
 
Calvin once visited Texchem fatory in Plentong (Just across the Road is G Residence of GSB
 
ALL THESE ARE NOW CONVERTING FULL FORCE INTO GLOVE CHEMICALS, TEXSHIELD & SANITIZER PRODUCTIONS
 
Since Mr Market is totally ignorant of TEXCHEM Upcoming Brightest Future Ahead (they point to past losses now all over)
 
LET VALUE INVESTORS BUY UP ALL CHEAP TEXCHEM SHARES AT BARGAINS (Only less than 30% TEXCHEM Shares are in Freefloat)
 
Best Regards
 
Calvin Tan Research
Singapore
 
Please buy/sell after doing your own due diligence
 
 
BUILDING A SOLID PEOPLE FOUNDATION
 
 
APR - JUN 2018
 
Working at Texchem-Pack (M) Sdn Bhd. company profile and ...
 
 
 
 
 
Medical Device Contract Manufacturing | Texchem Polymer ...
 
 
 
 
 
 
 
 
troop london sdn bhd - slubne-suknie.info
 
TEXCHEM (8702) IS PIVOTING INTO GLOVE LATEX CHEMICALS & TEX FACE ...
 
 
NOW LET'S CALCULATE THE ASSETS OF TEXCHEM
 
TOTAL OF 10 FACTORIES/LANDS/WAREHOUSES = Rm73,522,000
 
(Not icluding Good Will Or Machineries)
 
 
= 61 SEN
 
YESSSS!
 
THE NET ASSETS OF TEXCHEM ALONE IS WORTH 61 SEN
 
Most of them at still stated at Old Book Value.
 
Plus MALAYSIAN GOVT NOW GIVING 10 To 15 YEARS TAX FREE STATUS FOR FOREIGN FDI WILL SPUR DEMAND FOR INDUSTRIAL PROPERTIES (THIS WILL CAUSE ALL TEXCHEM INDUSTRIAL LANDS & WARHOUSES & FACTORIES TO GO UP IN VALUE!!)
 
At 46.5 Sen with SO HIGH NTA OF RM1.90 TEXCHEM IS SELLING AT A WHOPPING 76% DISCOUNT TO NTA
 
THIS IS MORE THAN 30% DISCOUNT FOR MARGIN OF SAFETY REQUIRED BY THE GREAT BENJAMIN GRAHAM
 
SO FROM ALL ANGLES TEXCHEM LOOKS LIKE A GREAT BARGAIN VALUE BUY WITH POTENTIAL!!

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-07-05-story-h1509766297-TEXCHEM_COMPARE_CONTRAST_ITS_POTENTIAL_NET_ASSET_VALUE_WITH_LUXCHEM_SAM.jsp
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