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Corporation
luxchem.com.my

About Luxchem

Luxchem, founded in 1991, is an investment holding company that supplies industrial chemicals.

Headquarters Location

6, Jalan SS 21/58, Damansara Utama

Kuala Lumpur, 47400,

Malaysia

603-7228-2155

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Latest Luxchem News

Luxchem earnings to shine as economy reopens

Aug 12, 2021

could be an attractive play for investors following the economic reopening amid the demand recovery for chemical products. Meanwhile, the group is also expected to benefit from the higher demand for gloves post-pandemic as it continues to drive its latex and nitrile processing/compounding businesses. According to AmInvestment Bank Research, Luxchem has shrugged off the effects of the pandemic as its 1HFY21 results came within expectations at 49% of its and consensus full-year estimates. The group's turnover in the period improved 41% year-on-year due to stronger demand and higher prices of chemical products as economies around the world reopen. "Its core net profit more than doubled, we believe, due to margin expansion stemming from inventories acquired at low prices prior to the strong recovery in prices of chemical products and lower finance cost and tax rate," said AmInvestment. However, the research house added that the group is taking slightly longer to complete a private placement and a stake purchase in Lexis Chemical, Lexis Specialties and Lexis Corp due to various movement restrictions. "We maintain our forecasts and fair value (FV) of RM1.04 based on 14x FY22F EPS, which is at 2x multiple premium to its average historical forward PE of 12x to reflect its strong earnings prospects on the reopening of economies," said AmInvestment, while reiterating "buy" on the stock. Article type: metered

Luxchem Acquisitions

1 Acquisition

Luxchem acquired 1 company. Their latest acquisition was Transform Master on February 03, 2016.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

2/3/2016

$99M

Acquired

1

Date

2/3/2016

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acquired

Sources

1

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