Ong Je's comment on SAMCHEM. All Comments

Ong Je
1 Like · Reply
samchem is good company but probably fully priced in. last qr margin was 7% which is not sustainable for a trading business. the spread was good due to chemical asp increase. things are slowing down now. their sales volume, not revenue is the key to future growth.
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Caren Yii
Does Vietnam segments help even Malaysia's might be slowing down at the moment
Like · 1 year · translate
MICHAEL CHONG
Allow me to say something. Margin for 2019 was around 2.3% and 2020 was 3.8%. Q1 2021 already 5.7%. I believe the company is sustainable especially Vietnam business is just the beginning.
1 Like · 1 year · translate
Ah Choon Wong
More important to consider ROE and ROIC.......instead of profit margin!
1 Like · 1 year · translate
Ong Je
dear Mr 合, if a trading & blending company for commodities can maintain 7% Pmargin consistently, I will be very surprised. Maybe you can find a clue in their historical Pmargin. 7% is their highest.
Like · 1 year · translate
Ah Choon Wong
之乎,講得很深啊...........high turnover ......Walmart 例子!
1 Like · 1 year · translate