@Kelvin Jing Wei: One of the most important skills is to be able to cut loss on a stock. If you can't do this you are maybe better off not buying stock.

Apart from that, it is believed that 80-90% of all retail investors lose money in the stock market. So the odds are not in our favour.

Sold, bought luxchem

Bought more BAT, should be better than FD.

Going to get dividend and price is still moving steadily towards RM2.

Bought some more awaiting dividend announcement.

Last 2 quarters 62 sen (with uptrend). If scale this to one year it will be 124sen dividend. I will use 5% return since FD is becoming so low now.
124x(100/5)=24,80

I will definitely hold until dividend announcement end of May and probably keep much longer, unless it reaches around this price.

Agree with troy88 that is has been a speed train, today it is taking a breather.

This type of analysis depends heavily on number they put in, ie mainly which PE ratio they use to reach their target price.

It's the same as with Foker who used a 60% "benchmark" to get some target price (Foker: "60 percent is usually the benchmark percentage. If it is 80 percent, the discount is too little, at 40 percent, the price will unlikely go that cheap.")

You can basically reach whatever target price you like. I only read this type of report to gain information but will completely ignore target price.

Before Covid-19 this stock traded above RM 2.00
It only reached below RM 1.00 due to the panic selling by loads of people who did not know what was going to happen with Covid-19.

Stocks are being evaluated by traders at all times, not only when a quarterly report comes out. In this case the loss was lower than expected for the average trader, resulting in an increase in price for today.

I will keep this stock and re-evaluate my position once it nears RM 2.00

30-Mar: You can bet that it will return above RM 2, where its net working capital is worth at.

In between: After taking factors pf the really weak environment, poor business performance for skme time to see, i decided to fall back on the discounted Net net which Graham actually prefers to use.

28-April: Why I use Net net and not NTA? Because Lctitan is a shit business and net net is usually used to value shit business like this. Net net is actually pricing the business for loquidatjon

First you ask people to buy.
Then you think more.
Then you say it is crap and should be priced for liquidation.

What about the 60%? Or did you just grasp some random number and put it as the benchmark?

I see, you made a mistake 4 weeks ago. It's ok.

Where can I find that 60% is the benchmark percentage? Is this some economic theory?

Why did you make this statement 4 weeks ago. Why change your mind now?

Stock: [LCTITAN]: LOTTE CHEMICAL TITAN HOLDINGS BHD

Mar 30, 2020 7:12 PM | Report Abuse

You can bet that it will return above RM 2, where its net working capital is worth at. If you view liquid assets as a good close substitution for cash, you can say this counter is actually worth the amount of cash it can convert to quickly

Why do you use 60% of 60%?
Why not 70% of 80% or 70% of 60% or 20% of 20%?

Resilience of this stock is quite amazing. I sold it on 3 April at 0.49 when oil was about 28US$. Now it is at 0.475 while oil is below 15US$.

Then again a lot of other stocks have moved up in the past few days, while this one just slowly moves down.

Very high volume, buy some more

Bought some

Taking profit.

Bought some.

Bots have arrived. Time to panic.

Stock market is at 10 year low. You are really thinking prices are holding up well?

Everybody can chill.

No need to listen to people who write loads of stuff and then delete all their posts when most of it is wrong.