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PETALING JAYA: Industrial chemical provider Luxchem Corp Bhd’s net profit surged two-fold in the first quarter ended March 31, led by higher domestic sales recorded by its trading segment.
KUALA LUMPUR: Luxchem Corp Bhd’s net profit almost doubled to RM20.56 million in the first quarter ended March 31, 2021 (1Q21) from RM9.98 million in the same quarter last year.
KUALA LUMPUR: AmInvestment Bank Research has raised its FY21-22 earnings forecast on Luxchem Corp Bhd after having reflected the impact of an ongoing private placement and acquisition.
KUALA LUMPUR: Luxchem Corp Bhd posted a net profit of RM16.13mil in the quarter ended Dec 31, 2020, a 68.5% increase over RM9.57mil in the previous corresponding quarter on the back of an improved performance in the manufacturing segment.
AFTER a tumultuous 2020, a better outlook awaits Asian companies, on expectation of a recovery in the macro economy and corporate earnings.
PETALING JAYA: RHB Research sees the basic materials sector as a “reflation trade play” heading into 2021.
PETALING JAYA: After the recent pullback in Luxchem Corp Bhd’s share price, AmBank Research has upgraded its call to a “hold” from a “sell” on the group buying a glove-related business and new share placement.
KUALA LUMPUR: Stocks to watch on Tuesday include AirAsia X Bhd, Hartalega Holdings Bhd, Luxchem Corp Bhd, Ivory Properties Group Bhd, Ta Win Holdings Bhd, Ta Win Holdings Bhd and Deleum Bhd, according to JF Apex Research.
KUALA LUMPUR: Ambank Investment Bank Research has upgraded Luxchem Corp Bhd to "hold" after the recent decline in its share price while maintaining its earnings forecasts.
KUALA LUMPUR: Stocks to watch on Wednesday include Minetech Resources Bhd, Minetech Resources Bhd, Hartalega Holdings Bhd, Luxchem Corp Bhd, Supermax Corp Bhd, Atrium Real Estate Investment Trust and RGT Bhd, according to JF Apex Research.