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Overview
Financial Highlight
HeadlinesBusiness 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.
  lee_m2020 5 Billion Nett Capital. Very prospective but question mark is that why drop with huge bearish pattern? 11/11/2019 11:58 PM Jeffreyteck 5.6 billion current assets, financing buyers or related company? Potential write off? 19/11/2019 10:30 AM ks55 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............ 29/11/2019 2:56 PM Jeffreyteck 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. 03/12/2019 9:37 AM Sneakpeek U all still holding for what? From the trend obviously it going under RM2 soon 03/12/2019 12:53 PM Junichiro US opens new fronts in trade war, targeting Brazil, Argentina and France. It is US against the whole world. 03/12/2019 3:35 PM Jeffreyteck 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. 04/12/2019 9:00 AM  Icon8888 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 04/12/2019 9:05 AM Lol nt now. but i think most people trap here... give it time n lets see what inside nex qr 04/12/2019 7:38 PM Jeffreyteck 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. 05/12/2019 10:40 AM KKH 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." 05/12/2019 4:34 PM KKH 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. 05/12/2019 4:38 PM Tomatoman79 A total of 12 chemical factory workers on Jalan Nibong 1, Tanjung Langsat Industrial area near Pasir Gudang, sustained burns in a fire at the factory yesterday. Seri Alam district police chief Supt Ismail Dollah said the fire, which happened at around 9.21am to 9.27 am, was completely put out by Lotte Chemical Titan (M) Sdn Bhd firefighting unit. 09/12/2019 8:02 AM chl1989 naphtha price vs polymer price. do the math urself. dont waste time here 10/12/2019 12:00 AM  SuperPanda im in 2.36 today, then drop to 2.30 before settle at 2.33, but thats fine.. will keep for 6 mths and see how it would turn to be cheers 13/12/2019 9:40 PM Jeffreyteck Fundamentals no go. Dec results is quite unlikely to bid last Dec yoy. Trading may try as year end window dressing is near by. Good luck. 14/12/2019 6:23 PM Keith Han The main reason for the decrease in profit before tax from RM 875.9 million to RM 361.0 million is due to margin squeeze resulting from the fall in product selling prices. The lower selling price is mainly due to diversion of cheaper polyolefin supply from USA into SEA region as a consequence of the US-China trade war as well as softening of global economic growth. - - Quarter Report mention. Now - https://www.cnbc.com/2019/12/19/china-announces-new-tariff-exemptions-for-us-chemical-and-oil-products.html Hope product price will recover since US product will back to China 20/12/2019 7:46 PM didi2005 Petrochemical makers across Asia, including Malaysia, hit by weak margins... https://www.thestar.com.my/business/business-news/2020/01/04/petrochemical-makers-across-asia-including-malaysia-hit-by-weak-margins?fbclid=IwAR2Vq7LOnH5SBIHMdKskOYb85-N6PaOY-BYPsRkPHOvgBc1dfepR_JwqZr0 05/01/2020 2:49 PM  abang_misai Oversupply. It will take a while, maybe 2-3 years to arrest the oversupply issues. Until then, no need to see petro chemical companies that include Lctitan 05/01/2020 4:36 PM  Philip (Can I advise you?) This is the wrong question to ask. The right question to ask is how are it's competitors doing versus lctitan. And the followup question is, will PIC production be more and the selling price lower than lctitan. If Aramco is sending down that much oil for processing to pic, and integrated complex production for Pchem causes prices to be cheaper than lctitan production costs, then the downtrend is clear. Big eat small. And those with money to build megacomplex has the big advantage long term versus those that forgot to buy the land next door for expansion, and have to split their factory space so far apart. >>>>> con8888 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 04/12/2019 9:05 AM 21/01/2020 6:59 AM  |
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