Highlights
KLSE: LCTITAN (5284)       LOTTE CHEMICAL TITAN HOLDINGS BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
4.63   -0.02 (0.43%)  4.62 - 4.69  193,800
Trade this stock for as low as 0.05% brokerage. Find out more.

Overview

Market Cap: 10,685 Million
NOSH: 2,308 Million
Avg Volume (4 weeks):233,505
4 Weeks Range:4.41 - 4.80
4 Weeks Price Volatility (%):
56.41%
52 Weeks Range:4.18 - 6.46
52 Weeks Price Volatility (%):
19.74%
Average Price Target: 7.25
Price Target Upside/Downside: +2.62

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2018 [#2]  |  31-Jul-2018
Next QR | Est. Ann. Date: 30-Sep-2018  |  26-Oct-2018
T4Q P/E | EY: 9.15  |  10.93%
T4Q DY | Payout %: 4.89%  |  44.77%
T4Q NAPS | P/NAPS: 5.0034  |  0.93
T4Q NP Margin | ROE: 13.53%  |  10.11%

Headlines

Date Subject
04-Jan-2019 M+ Online Technical Focus - 4 Jan 2019
04-Jan-2019 Daily Market Update - 4 Jan 2019 (SCGM, LCTITAN)
19-Dec-2018 Mplus Market Pulse - 19 Dec 2018
27-Nov-2018 Lotte Chemical Titan - Time to ride the slide
21-Nov-2018 Daily Technical Highlights – (LCTITAN, GCB)
21-Nov-2018 Stocks On Radar - Lotte Chemical Titan Holding (5284)
02-Nov-2018 乐天大腾化学 成本走高赚幅受压
01-Nov-2018 Lotte Titan - Titan-ing spread mitigated
01-Nov-2018 Mplus Market Pulse - 01 Nov 2018
01-Nov-2018 PublicInvest Research Headlines - 1 Nov 2018
31-Oct-2018 [转贴] FB LIVE : 浅谈LCTITAN业绩 - Harryt30
24-Oct-2018 Mplus Market Pulse - 24 Oct 2018
24-Oct-2018 PublicInvest Research Headlines - 24 Oct 2018
23-Oct-2018 LCTH's unit awards contracts worth RM67.77m to related parties
22-Oct-2018 Technical Analysis - Lotte Chemical Titan
21-Oct-2018 Lctitan 技术分析,你察觉到当中的端倪了吗?
13-Sep-2018 [转贴] Lctitan要做东南亚最大Petrochemical下游产品制造商 - 听见股市
04-Sep-2018 PublicInvest Research Headlines - 4 Sept 2018
04-Sep-2018 Mplus Market Pulse - 4 Sept 2018
13-Aug-2018 [转贴] KLCI之争,你又如何从中获利呢? - 听见股市

Business Background

Lotte Chemical Titan Holdings Bhd is a petrochemical producer. Its products include polyolefins, comprising of polyethylene and polypropylene and olefins comprising ethylene and propylene and other derivatives such as butadiene, TBA, benzene and toluene.
Analyze this stock with MQ Trader system

  6 people like this.
 
Connie555 i wonder where is @potentialghost hide his ass while lecturing me
15/12/2018 11:00
SamuelLuke 4.3 can buy more hahaha
15/12/2018 19:58
enning22 crude oil hits a weekly low ,settled at 49.2 USD
18/12/2018 05:18
signalmw The S
18/12/2018 07:45
dam82 Yes long term....look at pchemical ..
18/12/2018 09:23
newbie911 http://www.klsescreener.com/v2/news/view/470840

Lctitan got penalty by SC.
18/12/2018 19:22
RainT Habis ...another bad news for LCTITAN

share price will drop again or stuck at range again
19/12/2018 00:07
Calvin882 Bad news at such market condition is killing
19/12/2018 00:53
alam Rafik today its Mood is not good to go up..ha ha ha..but still it will zooooom as..when already trade with previously as they suggest me wait for the right time. MLR (Money life Research) were rght ..
19/12/2018 01:20
RainT have bad news but share price no big drop ....

good point is that LCTITAN number of shares is small, so not many people can throw

only left those who really look into its fundamental is keeping now

if other company that have high number of shares , the share price will water fall
19/12/2018 09:21
mamatede SC should fine more Maybank and EY for failure to identified this.
19/12/2018 10:58
mamatede plus EY and Maybank investment should well understood the listing requirements and ethics. their role is to help a company list appropriately
19/12/2018 10:59
lazycat oil price keep plunging but this fat ass not moving ....
19/12/2018 16:32
ksha Post removed. Why?
19/12/2018 16:32
enning22 not bad today performed well.
21/12/2018 18:54
PotentialGhost Still wait what , will sapu like no tomorrow
22/12/2018 23:10
enning22 crude oil closed the week at 45.59 usd
23/12/2018 10:35
enning22 our good friend mr.lcti-Tan shows his muscles in 2019
03/01/2019 15:29
SamuelLuke Slowly steady sneak up to above RM 4.76 without notice
07/01/2019 11:51
firehawk fat ass moves very slow
07/01/2019 16:26
foreverchung Naptha down at the end of every 2 week = Collect.
Oil down at every 1 month = collect.

All they need is about 280m this quarter to beat previous FY. Div up!
07/01/2019 16:34
SamuelLuke Wait till they announce dividend
07/01/2019 17:03
Victor Yen Looking forward to above rm5
09/01/2019 11:30
Jaya Victor Yen
Will happen patience bro
10/01/2019 08:42
firehawk fat ass hardly moves ....
10/01/2019 15:24
Hartalega Post removed. Why?
10/01/2019 15:25
predictor1234 coming
10/01/2019 23:08
Orange88 News inkambing
11/01/2019 00:22
SamuelLuke Someone bring this Korean lady to gym pls ....moving slow....
11/01/2019 16:46
miketyu same fate with PCHEM?
14/01/2019 11:22
Joseph Post removed. Why?
14/01/2019 11:23
chshzhd good counter to invest..
15/01/2019 14:17
Slimy http://www.sinchew.com.my/node/1829277/%E5%85%A8%E7%90%83%E9%9C%80%E6%B1%82%E4%BB%8A%E5%B9%B4%E6%96%99%E5%A2%9E43%EF%BC%8E%E7%9F%B3%E5%8C%96%E9%A2%86%E5%9F%9F%E7%9F%AD%E6%9C%9F3%E9%A3%8E%E9%99%A9%E7%BC%A0%E8%BA%AB
15/01/2019 19:34
carry beware
15/01/2019 20:33
Icon8888 coming Q profit supposed to be good as naphtha raw material price has come down

its business model different from petchem

Petchem relies on natural gas, LCTitan uses naphtha

something like that... I also don't know details... agak agak only
16/01/2019 09:59
Icon8888 https://klse.i3investor.com/servlets/ptres/48458.jsp
16/01/2019 10:01
Icon8888 LCT, a large consumer of naphtha at c.2-2.3m MTPA would be a significant beneficiary of depressed crude oil prices, in our view.

We expect product spread to improve as naphtha and ethylene prices have dropped in tandem; this is positive for its profit margins as PU at its Indonesian ops is also ramping up.

We estimate that for every US$10/mt drop in average naphtha price would rake in savings of c.US$23m in feedstock costs.

We reiterate our BUY recommendation on the stock with an unchanged SOP-derived TP of RM7.25. We believe prolonged lower oil price is a key catalyst to the stock price.

Key beneficiary of low crude prices

The plunge in crude oil price has sent naphtha prices lower; naphtha price is now at c.US$500/mt, over 20% lower than 3Q18 average price of US$680/mt. We believe LCT is a key winner in the current low crude price scenario; its annual consumption of c.2-2.3m MTPA of naphtha (produced mainly from crude oil) as its main production feedstock accounts for c.50-70% of total operating cost.

RM18m savings for each US$10/mt drop in naphtha

Prior to 2018, LCT consumes 2m MTPA of naphtha, on average. With the new TE3 plant (began operation at end 2017), LCT now consumes c.2.3m MTPA (Table 1). We estimate that every US$10/mt drop in average naphtha price could net annual savings of US$23m (RM92m @ RM4/US$) in feedstock cost. Assuming it retains 20% of the savings (from being passed on to buyer), LCT’s could add c.RM18m in gross profits or +1.5%.

Ethylene-PE spread widened

The plunge in ethylene price has widened the ethylene-PE spread to c.US$300/mt (Chart 2). We expect the PU at LCT’s Indonesia plants to improve as management noted PU was kept low at c.70% during unfavourable ethylene-PE spread market.

Maintaining utilisation rate

Its 9M18 PU stood at 84% (9M17: 69%), slightly below the guidance of 85% for 2018. Management noted that the TE3 plant is currently under a 3-month general maintenance shutdown and would resume by Jan 2019. Still, management believes it is on track to achieve its target as other downstream plants will be running as normal.

Reiterate BUY call, undemanding valuation

Reiterate BUY with an unchanged SOP-derived TP of RM7.25. We note that the stock currently trades at undemanding multiple of 9.3x FY18 ex-cash P/E before easing to 8.1x in FY19. We believe prolonged lower oil price is a key catalyst to share price.

Source: BIMB Securities Research - 27 Nov 2018
16/01/2019 10:05
Ricky Kiat bro icon888, my concern is petchem build a new plant at pengerang(2019),likely use naphtha as material. pls check.
16/01/2019 10:55
Jonathan Keung never trust TP { analyst call }
16/01/2019 11:13
Icon8888 yes, same concern here

but all these becomes non issue when you put on a long term investor cap

why pick this for long term ?

ask yourself what kind of company is this ?

answer : a world class company. It has economy of scale, financial resources, expertise and proper governance to go very far

I can see traces of moat in this group (anyway, I am not a big fan of moat, I am not obsessed with it. I believe it is a topic that need to be revisited and challenged, after Buffett promulgated it as the holy grail for long term portfolio success)

buy now, put aside, hold for lets say, 10 years, ride the cycles, let it grow organically (yes, nowadays I have become very patient). Let your money works for you

no guarantee it will work, but it is a rational bet

that is my game plan


Posted by Ricky Kiat > Jan 16, 2019 10:55 AM | Report Abuse

bro icon888, my concern is petchem build a new plant at pengerang(2019),likely use naphtha as material. pls check.
16/01/2019 11:24
Ricky Kiat thanks,bro icon888, i agree ur game plan.
16/01/2019 12:01
wilsonchan87 hold for long term. the rebounding of recent oil price still in weak, dont think oil able to climb up 80 end of this year
16/01/2019 17:19
Fabien Extraordinaire Long term la..

It's in my secondary core holdings (potential blue chips) along with HLIND, SAM, ORIENT etc...
16/01/2019 17:35
Icon8888 wah our portfolio very similar woh

Lctitan, hlind , oriental, sam
16/01/2019 17:38
Fabien Extraordinaire Posted by Icon8888 > Jan 16, 2019 05:38 PM | Report Abuse

wah our portfolio very similar woh

Lctitan, hlind , oriental, sam


Lol great mind think alike...

those are my core holdings. i have exposure to 28 stocks.
16/01/2019 20:20
Icon8888 My portfolio 35 Malaysia stocks

2 foreign stocks : Taiwan semicon and Nvidia
16/01/2019 20:24
cheoky Icon8888 very active recently....Ate Viagra? Hopefully your stocks too.
16/01/2019 20:27
Icon8888 Market hot mah
16/01/2019 20:32
Fabien Extraordinaire wow Icon...u have more stocks than me

I thought i'm one of the rare breeds who cant stop buying stocks.
16/01/2019 20:39
abang_misai Too active. Content penned as if not from him.
16/01/2019 20:40


 

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