KLSE: TEXCHEM (8702)       TEXCHEM RESOURCES BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.865   -0.005 (0.57%)  0.86 - 0.87  50,200
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Market Cap: 107 Million
NOSH: 124 Million
Avg Volume (4 weeks):90,055
4 Weeks Range:0.83 - 0.92
4 Weeks Price Volatility (%):
52 Weeks Range:0.50 - 1.38
52 Weeks Price Volatility (%):
Average Price Target: 0.67
Price Target Upside/Downside: -0.195

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2021 [#2]  |  27-Jul-2021
Next QR | Est. Ann. Date: 30-Sep-2021  |  23-Oct-2021
T4Q P/E | EY: 4.49  |  22.26%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 2.0453  |  0.42
T4Q NP Margin | ROE: 2.35%  |  9.41%


Date Subject
23-Apr-2021 德建资源挑战RM1.29/敏源
17-Mar-2021 Trading Stocks - Texchem Resources
23-Feb-2021 Stocks on Radar - Texchem Resources (8702)
11-Feb-2021 PublicInvest Research Headlines - 11 Feb 2021
11-Feb-2021 Mplus Market Pulse - 11 Feb 2021
06-Oct-2020 Technical Buy - TEXCHEM (8702)
10-Aug-2020 PublicInvest Research Headlines - 11 Aug 2020

Business Background

Texchem Resources Bhd is an investment holding company. The group has four business divisions namely industrial, polymer, engineering, food, and restaurant. The products under industrial segments are plastic resins, rubber/latex chemicals, PVC resins and additives, adhesive chemicals, food ingredients, dyestuff and textile auxiliaries. The polymer division designs new polymer solutions and designs for industries such as data storage industry, semiconductor, consumer electronics and electrical, telecommunications and life science industry. The restaurant division operates restaurant brands such as sushi king, Miraku, Goku Raku Ramen, Yoshinoya, Hanamaru Udon and Doutor Coffee. The Malaysian market contributes most to the company's revenue.
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  5 people like this.
Cockroach Paul Lee MCO 3.0 ,but business continues running as usual. Gogogo
Double digits growth on industrial division ... believe in Texchem management, greater patience greater rewards
05/05/2021 12:19 AM
Xxxting waaa why keep dropping
06/05/2021 10:09 AM
AllYouCanBuy On board 1.095
06/05/2021 11:53 AM
AllYouCanBuy Today is a great day to buy. KLSE bloodbath!
06/05/2021 12:04 PM
Cockroach Paul Lee 1.08/1.09 bought! Top up every month ! Tq
06/05/2021 7:50 PM
Cockroach Paul Lee Xxx, u came to the wrong stock. U should go datapred or tocean.... haha every day limit up
06/05/2021 11:36 PM
DreamHunter ha ha ha
07/05/2021 1:06 AM
DreamHunter yah kah
07/05/2021 1:06 AM
Xxxting keep holding untill rm2 coming...cheers
09/05/2021 8:33 AM
AllYouCanBuy Texchem OVERSOLD. Time to rebound.
10/05/2021 11:14 AM
Albukhary I think it is time to accumulate more TEXCHEM at RM1.00 - RM1.10 level.
10/05/2021 11:25 AM
AllYouCanBuy TP1. 80
10/05/2021 11:27 AM
Xxxting mco 3.0. next quarter should be affected haih
10/05/2021 9:11 PM
Cockroach Paul Lee Long way to go..... hold until Q4 la... let’s see can get bonus or dividend next year
10/05/2021 11:19 PM
caonima who's that sh wanted to cutloss at 1.05 with 2767 lots to sell
11/05/2021 11:10 AM
MMCRMMCR Good fundamental share, can hold
11/05/2021 4:51 PM
AllYouCanBuy Texchem has shaken off panic sellers. Time to accumulate.
12/05/2021 9:16 AM
AllYouCanBuy TP1. 50...hold until September.
12/05/2021 9:16 AM
Albukhary Keep accumulate
12/05/2021 3:32 PM
happymiso Cheap
12/05/2021 4:26 PM
AllYouCanBuy Texchem has had near20% correction since the announcement of MCO 3.0.
20/05/2021 7:38 PM
i3lurker with full operations and no MCO the fair price is 55 sen.

anything higher is just pure Goreng in action
20/05/2021 7:43 PM
Cockroach Paul Lee 0.55 accumulate 1m shares, can become top20 shares holders. Rm550k only. Worth it.
20/05/2021 8:28 PM
i3lurker chemical trading nothing special you or anybody can do it also.
money can get license

sushi 8.00 per plate competitor only 3.88
20/05/2021 8:32 PM
Cockroach Paul Lee Oh , anyone can do it?
U mean anyone can fly! Just like AirAsia , your favourite. Haha
20/05/2021 8:42 PM
AllYouCanBuy There will not be full mco like mco1. 0. The government will be under pressure to give stimulus again. There will be enforced and upgraded SOPs.
21/05/2021 8:45 AM
Cockroach Paul Lee Anyone attend AGM texchem? Got any news to share ?
27/05/2021 3:59 PM
Xxxting r u guys still holding texchem?
30/05/2021 1:36 AM
Albukhary 感觉市场开始慢慢回来了。
03/06/2021 12:41 AM
Investformilkmoney Texchem no dividend date?
05/06/2021 10:49 AM
Albukhary Texchem normally not given dividend, because its debt level is high. So it need cash to pare down its debt.

We buy Texchem for few reason :-

1) Share price is 50% of its NTA
2) Market cap now is RM118mil, PAT is around RM30-40mil.
3) Market cap is RM118mil, quarter revenue is RM260mil, annual revenue is RM1bil.
For a company that doing RM1bil business, the market capital only RM118mil, it is very very undervalue.
4) Chemical business - we foresee chemical industry will be doing very well this two year (i.e. PCHEM, LCTITAN, HEXTAR, LUXCHEM, NYLEX, ANCOM...etc), all Chemical business are doing very well, including Texchem. And Texchem is the cheapest among them.
5) Bonus issue, based on current reserve, the company can anytime announce 1:2 bonus issue.
if company continue to earn more profit for the next 3-4 quarter, then it can announced 1:1 bonus issue.
05/06/2021 6:28 PM
Investformilkmoney @Albukhary thanks for the explanation. I was thinking of sushi king's business during MCO. Try to buy some share. I just join share market this week.
05/06/2021 9:34 PM
Xxxting texchem ahhh texchemmm plss movee
08/06/2021 7:52 PM
AllYouCanBuy My agent advised to hold tight tight until the next qr.
09/06/2021 4:39 PM
Albukhary Yup, must hold tight tight... Once the engine start again, you will see it at RM2.00 d
10/06/2021 1:13 AM
Investformilkmoney Seems many counter to hold tight tight like Texchem.
11/06/2021 12:09 PM
yuhang99 MCO is good for texchem
12/06/2021 4:36 PM
12/06/2021 10:47 PM
Albukhary Accumulated some at this price level..
If can drop below 90sen level, then will collect more
21/06/2021 11:59 AM
Cockroach Paul Lee 努力 ,加油 ,撑过去。。。
22/06/2021 2:34 AM
Xxxting its keep dropping deeper n deeper. hopefully the coming qtr will be good enuf or else again drop
12/07/2021 7:08 AM
Xxxting ady drop 40% from high
12/07/2021 7:08 AM
happymiso Cheap
12/07/2021 8:59 PM
Xxxting if next quarter result not good . this counter will laosai again...me stuck at high wonder cutloss anot
13/07/2021 9:38 AM
Albukhary So sad to see my favourite Texchem drop everyday.
Hope the dark will end soon.
I like Texchem because it is really undervalue, and I like chemical industries as I believe they will be continue growth for coming few years. That is why LUXCHEM, HEXTAR, SAMCHEM all focus on expansion, merger & acquisition recently.
14/07/2021 12:44 AM
Xxxting albukhary did u still holding? or
14/07/2021 4:20 AM
Albukhary Hi Xxxting... Yes, I am still holding Texchem, holding more n more.
My target very simple, now market cap is RM109mil.
Just the sush king franchise is worth RM100-200 mil minimum.
The industrial chemical business easily another RM100-150mil minimum.
Plus some other business, property, land, another RM50-100mil minimum

So, my minimum target is RM2.00.
23/07/2021 2:10 PM
happymiso Seem no block. Easily fly anytime soon.
23/07/2021 6:25 PM
Albukhary Result out, a bit disappointed, but expected as MCO 3.0 really affect Sushi King a lot.
Beside that, Q2 normally is the weakest quarter for Texchem (even before covid-19 pandemic),because of the 1 month Puasa did affect Sushi King a lot.

Fortunately, the Polymer and Industrial Chemical business is still doing well, this two segment minimum can generate RM20mil per annum. If based on recently M&A transaction in the chemical industry, the PE should be around 12 times. So this two segment worth at least RM240mil, while the company current market capital is RM100mil only.
27/07/2021 8:21 PM
happymiso Hidden gem. Though mco will make business big losses but unexpected stil can remain gain. The other 2 sector demand increase lot, after MCO lifted, sushi king result should be back.
28/07/2021 6:08 PM

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