Posted by robert168 > Oct 31, 2019 2:53 PM | Report Abuse

gg.com

Posted by toto > Oct 31, 2019 4:12 PM | Report Abuse

Walao eh, luckily I cut loss long ago alrdy

Posted by ESHARES > Oct 31, 2019 4:38 PM | Report Abuse

Cut loss at 4.3, thanks to BIMB earning warning.

Posted by Choivo Capital > Oct 31, 2019 6:05 PM | Report Abuse

Quite satisfied with the results, in line with my expectations/understanding for the business.

Posted by Jeffreyteck > Oct 31, 2019 9:51 PM | Report Abuse

Next to drop... DY, NTA. Current assets is ridiculously high, what is the indication? Is it indirect lending to others without any cost for them?

Posted by T800Terminator > Oct 31, 2019 10:35 PM | Report Abuse

180 is a good bargain.

Posted by Tkeng > Oct 31, 2019 11:47 PM | Report Abuse

T800Terminator 180 is a good bargain.

I'm gradually buying now since public spread not met.
Extension till January 2020. Hopefully something to spur interest. Or else go private. Risk is all yours.

Posted by ESHARES > Nov 1, 2019 9:13 AM | Report Abuse

At this earning, fair value is 2.00

Posted by Elfkone > Nov 1, 2019 9:47 AM | Report Abuse

https://www.theedgemarkets.com/article/eagle-us-exercises-call-option-raise-stake-lotte-chemical-titans-us-plant

Posted by kahsoon888 > Nov 1, 2019 7:25 PM | Report Abuse

Can I know this stock was dropped from RM4 something till rm2?

Posted by kahsoon888 > Nov 1, 2019 7:30 PM | Report Abuse

Last time CIMB analyse sohai gv TP Rm7....Hahaha.... Luckily run fast ...If not lose till underwear also need to sell

Posted by LKOH > Nov 3, 2019 8:48 PM | Report Abuse

is the worst over? I doubt so

Posted by Ekkram > Nov 4, 2019 11:38 AM | Report Abuse

people still burning their hard earned money on this counter...

Posted by Ekkram > Nov 4, 2019 11:39 AM | Report Abuse

From 5ringgit to rm2.40, that is a lot..

Posted by robert168 > Nov 4, 2019 11:55 AM | Report Abuse

let see can get around 2

Posted by ks55 > Nov 4, 2019 2:51 PM | Report Abuse

Posted by ks55 > Apr 29, 2019 10:23 PM | Report Abuse X

Q1 makes 2.46 sen. Annualized is 9.84 sen.
PE 10, fair price 98.5 sen.
PE 15, fair price is 148 sen.
PE 20, fair price 197 sen.
PE 25, fair price 246 sen.

So what do you pick? PE 15? PE 25?

If you take into consideration dividend 17 sen.
Times cover? Negative man!
Not prudent way to pay out more than what you earn!
Not sustainable.

Crude oil is on the way up.
Unless can get better selling price, profit margin will squezze further.
Play safe, buy at PE 12 to 15.
You may see PE deteriorate next quarter............

Posted by enigmatic ¯\_(ツ)_/¯ > Nov 4, 2019 3:00 PM | Report Abuse

@Choivo Capital,
What is your take on LCTitan? Isn't it under performing?

Posted by Choivo Capital > Nov 4, 2019 6:29 PM | Report Abuse

The thing you need to know about LCTITAN is that, they IPO'ed at all time high earnings, off the back of demand for polymers being stronger than supply from 2013-2017.

Now that supply have caught up, spreads will fall and their profits will naturally fall. This is the normal earnings.

They perform fine.

At this price, you are getting a refinery at roughly 5-6 times net "normal" earnings, if you net off the cash. If you count the all time high earning, its more like 2 times lol.

The question now is, the cash (plus additional debt) is going to a new refinery in Indonesia. Do you think their decision process for the new refinery is the right one?

RAPID is coming online, and they will supply some polymers, is the demand strong enough to absorb this without causing a prolonged drop in the crack spread, or structural drop in price of polymers in South East Asia?

Recession? Well, this one i don't really care, important to know, but mostly unknowable. The question i'm more interested in, is if there is actually an economically viable alternative to plastics? I don't think so.

I'm still holding and thinking of buying more, but do note this is only 1.7% of my fund, in terms of cost, it was like 2%.

I made a mistake of buying at RM4, thinking their all time high earnings was normal, lol. After studying more, bought a little more at RM2.8. I'm definitely thinking of buying more at this price.

Posted by Jeffreyteck > Nov 4, 2019 10:54 PM | Report Abuse

Still well supported, otherwise should drop to around 2.

Posted by enigmatic ¯\_(ツ)_/¯ > Nov 4, 2019 10:59 PM | Report Abuse

@Choivo Capital,
Thanks for the enlightening us!

Posted by kahsoon888 > Nov 5, 2019 2:08 PM | Report Abuse

Bought at RM 4,bough at RM 2.8,if you think this is a good counters, just average it and wait the price rebound back

Posted by Tkeng > Nov 7, 2019 12:59 AM | Report Abuse

@kahsoon888 Last time CIMB analyse sohai gv TP Rm7....Hahaha.... Luckily run fast ...If not lose till underwear also need to sell
01/11/2019 7:30 PM

Investment Bankers have an agenda.

It's a risk, but good time to gradually buy at this level.

Posted by robert168 > Nov 7, 2019 10:29 AM | Report Abuse

just calm down.. wait for the good news

Posted by robert168 > Nov 7, 2019 10:30 AM | Report Abuse

time will prove it

Posted by robert168 > Nov 7, 2019 10:30 AM | Report Abuse

cash rich company.. apa mau takut

Posted by Harold Huong > Nov 9, 2019 2:15 PM | Report Abuse

Takut no money to buy

Posted by lee_m2020 > Nov 11, 2019 11:58 PM | Report Abuse

5 Billion Nett Capital. Very prospective but question mark is that why drop with huge bearish pattern?

Posted by lee_m2020 > Nov 12, 2019 11:27 AM | Report Abuse

I love to invest in this counter..

Posted by turbo8672 > Nov 13, 2019 5:35 PM | Report Abuse

Pchem bad qr...

Posted by Jeffreyteck > Nov 19, 2019 10:30 AM | Report Abuse

5.6 billion current assets, financing buyers or related company? Potential write off?

Posted by gsi723 > Nov 28, 2019 3:11 PM | Report Abuse

stk price can be either too pessimistic or over optimistic... either way

Posted by Timinlcw > Nov 28, 2019 7:42 PM | Report Abuse

meaning buy at this price , percentange of win is high ?

Posted by Timinlcw > Nov 28, 2019 7:43 PM | Report Abuse

historical low ............

Posted by didi2005 > Nov 28, 2019 8:39 PM | Report Abuse

Lower and lower...

Posted by Lol > Nov 28, 2019 8:54 PM | Report Abuse

cash rich meh

Posted by Simple Man > Nov 29, 2019 11:48 AM | Report Abuse

historical low

Posted by ks55 > Nov 29, 2019 2:56 PM | Report Abuse

Posted by ks55 > Apr 29, 2019 10:23 PM | Report Abuse X

Q1 makes 2.46 sen. Annualized is 9.84 sen.
PE 10, fair price 98.5 sen.
PE 15, fair price is 148 sen.
PE 20, fair price 197 sen.
PE 25, fair price 246 sen.

So what do you pick? PE 15? PE 25?

If you take into consideration dividend 17 sen.
Times cover? Negative man!
Not prudent way to pay out more than what you earn!
Not sustainable.

Crude oil is on the way up.
Unless can get better selling price, profit margin will squezze further.
Play safe, buy at PE 12 to 15.
You may see PE deteriorate next quarter............

Posted by Jeffreyteck > Dec 3, 2019 9:37 AM | Report Abuse

Non stop outflows of foreign funds, global trade conflicts remains, domestic political environment uncertainty, poor company performance, relatively high PE, bad reputation since IPO etc. Est below 2 but may take time.

Posted by Sneakpeek > Dec 3, 2019 12:53 PM | Report Abuse

U all still holding for what? From the trend obviously it going under RM2 soon

Posted by Junichiro > Dec 3, 2019 3:35 PM | Report Abuse

US opens new fronts in trade war, targeting Brazil, Argentina and France.
It is US against the whole world.

Posted by Timinlcw > Dec 3, 2019 8:21 PM | Report Abuse

besides hold, what can we do ? cut loss ? too hurt

Posted by Jeffreyteck > Dec 4, 2019 9:00 AM | Report Abuse

1). Do nothing, continue paper loss if price remains low.
2) Do something... average down if you judge potential upwards in near future.
3) Do something... exit plan if you judge prospect remains dim.
Anyway, the company won't die immediately unless it follows London biscuits to write off substantial receivables (may be inventories too?).
Positive is cash rich 2.1 billion and no borrowings, negative is more than 5.6 billion current assets (no one know its quality as like London case) vs current liabilities of less than 0.5 billion.
Another Korean firm CJcen, bought local firm at 1.40 if not mistaken, now traded just above 0.30. Anyway, overall market remains weak.
I like ks55 PE 15. Good luck.

Posted by Icon8888 > Dec 4, 2019 9:05 AM | Report Abuse

RM5 bil market cap

can it make profit RM500 mil per annum over next two to three years to translate into 10 times PE ?

that is the question we need to ask

Posted by Shinnzaii > Dec 4, 2019 3:59 PM | Report Abuse

how low it can go before demand recover?

Posted by Lol > Dec 4, 2019 7:38 PM | Report Abuse

nt now. but i think most people trap here... give it time n lets see what inside nex qr

Posted by gemfinder > Dec 4, 2019 7:41 PM | Report Abuse

So terible tis counter. Drop from 6+ until now. Mcm no bottom

Posted by gemfinder > Dec 4, 2019 7:42 PM | Report Abuse

50 sen I buy

Posted by Jeffreyteck > Dec 5, 2019 10:40 AM | Report Abuse

Dropping exports data suggests potential drop in revenue, hence its bottom line. Only goreng can push up its price. If based on fundamentals and valuation, is quite unlikely to improve in ST. High dividend is the only way to support the price at this level.

Posted by KKH > Dec 5, 2019 4:34 PM | Report Abuse

Global polyethylene markets will enter 2020 facing oversupply and pressured prices, with demand expected to lag behind throughout the year.

Asia, Europe and Turkey see similar challenges with abundant resin supply amid economic slowdowns and continued uncertainty stemming from the US-China trade TENSION.

Thirteen new PE plants in the first wave of startups from 2017-2019 will increase North American PE capacity by 35% to more than 27 million mt/year. The 15 plants slated to start up through the 2020s will push that overall capacity up by another 26% to 34.35 million mt/year.

Prices are showing oversupply pressure. By early November 2019, HDPE blowmolding prices had fallen 43% to $782/mt FAS Houston since mid-March 2018. In the same span, LLDPE fell 41% to $772/mt FAS, and LDPE fell 37% to $871/mt FAS.

At least one of the new plants slated to start up by year-end 2019 will ramp up in early 2020, that being LyondellBasell's new 550,000 HDPE plant alongside the Houston Ship Channel. The plant had been slated for startup in mid-2019. However, market participants expect price pressure from oversupply to linger into 2020.

"We don't see prices rising in Q1 2020," a PE trader said. Globally, there's already so much supply."

Posted by KKH > Dec 5, 2019 4:38 PM | Report Abuse

A weak 2020 awaits both sellers and buyers as they grapple with anticipated reduced consumer demand.

In the same vein as Europe, supply is expected to remain abundant in the Turkish market amid incoming US volumes with structurally low demand.