With supply/demand issue will drag to end of 2019, I see this a not a temporary drop in price but prices are about to go much lower in few more months as trade war going on.

For a protracted decline is never bear raiding. When a stock keeps on going down you can bet there is something wrong with it, either with the market for it or change in prospects. I will not catch bottom but will enter when ample supply weak demand is over, don't mind enter at higher price. This is risk free compare to average down in down cycle.

Not the time to take advantage of the benefit of stock dividend. Company has fallen on hard times of bearish markets and will facing over supply for long time. After the ex-dividend date and funds will rush to sell them again right after....

TA Security downgrade LCTitan to RM2.4 with sell call.....

https://www.enanyang.my/news/20190801/e%e5%8d%97%e6%b4%8b%e8%a1%8c%e5%ae%b6%e8%ae%ba%e8%82%a1-2019%c2%b708%c2%b701/

https://www.enanyang.my/news/20190801/%e4%b9%90%e5%a4%a9%e5%a4%a7%e8%85%be%e5%8c%96%e5%ad%a6-br3%e5%b9%b4%e8%b4%a2%e6%b5%8b%e9%81%ad%e7%a0%8d/

Weak ASP to dent earnings.
There is still no sign of price recovery any time this year given the US-China trade spat which has taken its toll on ASP as demand lags supply and worsened by high inventories and weaker demand both in China.

https://klse.i3investor.com/blogs/kenangaresearch/216524.jsp

Weak ASP to dent earnings.
Although the persistently weak petrochemical prices since last year-end will continue to compress spread, the decline rate had somewhat tapered off recently. Even then, there is still no sign of price recovery any time this year given the US-China trade spat which has taken its toll on ASP as demand lags supply and worsened by high inventories and weaker demand both in China.

https://klse.i3investor.com/blogs/kenangaresearch/216524.jsp

Trade petrochemical look at its commodities price movement & outlook, also supply/demand rather than its fundamental.
Global markets head into the second half of the year with prices under pressure from ample supply and increased production capacity.

Sure you can get it at 7.50, just matter of time....

Global markets head into the second half of the year with prices under pressure from ample supply and increased production capacity.

Citi downgraded Pchem stock to sell from neutral, target price to RM7.20 was not without reason, this was based on petrochemical market 2019/20 outlook and commodities price movement on supply demand.

If Pchem also been write down, can LCtitan survive?

Quarter report will be released in another 7 trading days...

If bases on past 2019 1st half supply/demand, Olefins and derivative, Polyolefin market price, may be can predict this coming Quarter Report's result?

Better wait after the result release and see how....

Citi downgraded the stock to sell from neutral, target price to RM7.20 was not without reason, this was based on petrochemical market 2019/20 outlook and commodities price movement on supply demand.

In near terms if after another 2 quarter report show revenue and profit earning down, price move to RM7.2 is possible.

Today rebound after 3 days heavy sell down is a natural occurrence. EPF and funds manager who know the market trends also would like to offload their share at higher price, retailer will then hold their tickets at high price.

Trade for rebound but near term is still down trend.

Titus, don't chase high if you think you only bought 20% and miss the opportunity, still many opportunity for you to buy at lower price.

https://www.bloomberg.com/quote/011170:KS

Lotte Chemical Korea price keep dropping and to the lowest, will LCTitan Malaysia another bad quarter?