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.
Show more
Caren Yii
Does Vietnam segments help even Malaysia's might be slowing down at the moment
Like · 3 years · 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 · 3 years · translate
Ah Choon Wong
More important to consider ROE and ROIC.......instead of profit margin!
1 Like · 3 years · 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 · 3 years · translate
Ah Choon Wong
之乎,講得很深啊...........high turnover ......Walmart 例子!
1 Like · 3 years · translate