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Overview
Financial Highlight
Headlines
Business Background Luxchem Corp Bhd is a Malaysia based company engaged in the import, export, and distribution of petrochemical and other related products. It operates through two reportable segments namely Trading and Manufacturing. The Trading segment comprises of import, export, and distribution of petrochemical and other related products. The Manufacturing segment engages in manufacturing and trading of unsaturated polyester resin and related products; and manufacturing and trading of latex chemical dispersions, latex processing chemicals, and related products for the latex industry. Geographically, the firm has its presence across the region of Malaysia, Vietnam, Indonesia, Thailand, Singapore, Bangladesh, and Australia.
  Brutus Was hoping for 2c dividend after they skipped last quarter with no dividend. But looking at long term, LUXCHEM is on the right track. 18/02/2022 8:28 AM pilato Got profit also, share price going down..what is on right track? Going dowm arrr 18/02/2022 9:27 AM danchong 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. 18/02/2022 10:01 AM danchong 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. 18/02/2022 10:48 AM thesigncom Should let the big boss' son get slapped at hotpot restaurant ... Luxchem sure spike to 85sen. HAHA 18/02/2022 11:24 AM 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 17/03/2022 11:36 AM DickyMe PROPOSED RENEWAL OF SHARE BUY-BACK OF UP TO TEN PERCENT (10%) OF THE TOTAL NUMBER OF ISSUED SHARES OF LUXCHEM CORPORATION BERHAD (“PROPOSED RENEWAL OF SHARE BUY-BACK MANDATE”) 06/04/2022 9:25 PM gushenzhilu Hi Dicky Me, why u sounds so funny and feeling so bad on this counter? 07/04/2022 10:17 PM gushenzhilu A big gameplay might be coming this year or next year or next next year. HAHAHA 07/04/2022 10:18 PM  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. 21/04/2022 9:56 AM DickyMe "for a total consideration of RM19.88 million." ================================== Unproductive expense, minus from profit if any. 25/04/2022 10:19 AM 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 29/08/2022 11:15 AM Luckup bad result,but price hold steady. so, once earning improve, possible price jump. 05/12/2022 6:56 PM DickyMe This counter got no new business. They still selling char koay teow at roadside stall and expect to hit billion dollar sales. 09/03/2023 10:22 AM  Killsthebear Further to the Previous Announcements, the Company wishes to announce that legal team of the Defendant would like to resolve the case through mediation and the Plaintiff concurred with the proposal. The legal team of the Company has received a letter dated 4 April 2023 from the State Court of Selangor, informed that the Court had fixed the mediation on 19 April 2023, at 11:00AM, at Shah Alam Court Mediation Centre. 06/04/2023 4:05 PM DickyMe Mediation will fail. You cannot trust the defendant. They are just buying time. 07/04/2023 4:43 PM DickyMe Red Alert! Gradual reducing revenue and profit, quarter after quarter. Sinking ship! 02/05/2023 10:54 PM DickyMe Yes! The only thing they do consistently is pay dividend. However it is not sufficient to cover your initial investment as it may takes decades to recover it with their pittance dividend payout. It's not I have grudge with Chinese, but a trend is observable. Majority of Chinese companies with link to China, initially show some prospect but they quickly decline and become corrosive similar to rusty metal. There are a bunch of them listed in KLSE junkyard stock bourse. 08/06/2023 12:42 PM DickyMe "Posted by gushenzhilu > 2022-04-07 22:18 | Report Abuse A big gameplay might be coming this year or next year or next next year. HAHAHA" ================================== Well, I am still waiting for that gameplay which you mentioned a year ago. 08/06/2023 12:52 PM 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! 08/06/2023 1:02 PM  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. 27/08/2023 11:17 PM DickyMe You need to wait for 25 years to get back your full investment capital without profit, assuming they give 4% dividend annually, while the real value of share drops to toilet paper price. What you would have gain is wrinkles unhappiness, mental instability and always depressed emotion over that much years without any profit. 28/09/2023 3:00 PM DickyMe And..4% annual dividend, I am being generous here when the reality stinks. So be sure to add more years of misery to regain your CAPITAL. 28/09/2023 3:02 PM  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 31/10/2023 12:17 AM  | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
