Luxchem

Luxchem

Postby winston » Mon Jun 11, 2018 1:57 pm

not vested

Trading Buy: LUXCHEM - 5143
(Last price: RM0.625, Potential upside +17.6%)

Company Profile

• Founded in 1984, Luxchem has been principally engaged in the manufacturing, marketing and distribution of industrial chemicals/materials.

Trading Catalyst

• As a trusted one-stop solution provider in the local and overseas industrial chemicals/ materials supplies, we remain cautiously positive on Luxchem (non-rated) amid undemanding valuation at 10.8x FY19 P/E (33% lower than its peers), supported by a steady FY18-20 earnings CAGR of 9% and decent yields of 4.5-5.3% pa.

• Potential downtrend reversal amid the rounding bottom formation with upside targets at RM0.68-0.735.

Technical View
• Resistance: RM0.650 / RM0.680 / RM0.735
• Support: RM0.600 / RM0.585
• Cut loss: RM0.570

Key Financial Stats
• Trading at 10.8x FY19E, 33% discount to peers' 16.3x.

Source: HLIB
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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