<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on June 14, 2017</span></p></div><div class=newsTextDataWrapInner><p><strong>Luxchem Corp Bhd (-ve)</strong><br />
SHARES in Luxchem Corp Bhd (fundamental: 2.1/3, valuation: 2.1/3) triggered our momentum algorithm yesterday for the fourth time this year. Luxchem shares closed six sen or 3.33% higher at RM1.86 yesterday, with 1.31 million shares traded, compared with the counter’s 200-day average volume of 180,732 shares.</p></div>

<div class=newsTextDataWrapInner><p>The industrial chemical supplier said its focus moving forward is on enhancing its presence in Indonesia and Vietnam and raising its operational efficiency. The group would be spending more time and efforts on further developing the two markets instead of seeking to penetrate other markets.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>For the first quarter of financial year 2017, Luxchem’s net profit nearly doubled to RM13.61 million from RM7 million, as revenue jumped 36.4% to RM218.13 million from RM159.97 million on higher contribution from the trading segment.</p></div>

<div class=newsTextDataWrapInner><p>The stock is trading at 2.05 times its book value with a market captialisation of RM510.9 million. It also has a trailing 12-month price-earnings ratio of 10.03 times.</p></div>


Luxchem Corp Bhd (-ve)
SHARES in Luxchem Corp Bhd (fundamental: 2.1/3, valuation: 2.1/3) triggered our momentum algorithm yesterday for the fourth time this year. Luxchem shares closed six sen or 3.33% higher at RM1.86 yesterday, with 1.31 million shares traded, compared w...

Stock With Momentum: Luxchem Corp Bhd

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Most read this week - Stay up to date with the biggest news and latest trending topics by checking out the top 10 articles of the week. 

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