Luxchem's uptrend may continue
Luxchem Corporation Bhd is involved in the production of unsaturated polyester resins. It reported a net profit of RM22 million on a turnover of RM499 million for FYE31/12/2011. For QE31/3/2012, it reported a net profit of RM6.4 million on a revenue of RM129 million. Annualized EPS is about 19.56 sen. At the present price of RM1.29, Luxcham is trading at a PE of 6.6 times.
Luxchem has broken above its "horizontal" line at RM1.20 two weeks ago. This upside breakout could send the stock to RM1.40-1.50. As such, the stock could be a trading BUY.
Chart: Luxchem's weekly chart as at July 4, 2012_3.00pm (Source: Quickcharts)
2 comments:
Luxchem's dividend yield is attractive at 6%
Hi panaceaasia
You have a point there. Based on the dividend of 9 sen for FY2011 & its close of RM1.26, the dividend yield is about 7%.
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