This company is a cash cow with 3 highways in hand.

Hope tomorrow will go down again to 40sen. I want to collect. I miss out that day. Agree that this is a good & super cheap counter at 40 sen. This 3rd Qtr profit increase almost 3 times to 25mil. Will easily break above RM1.20 when economy is good.

https://www.google.com.my/amp/s/www.nst.com.my/amp/business/2020/09/626587/ekovest-list-duke-q3-2021-aims-raise-rm2bil

Probably force selling ....see what happen tomorrow morning

Yes, I also sold all yesterday at 41.5sen. Time to cut loss. Bought MRCB at 42.5sen. At least MRCB give dividend of at least 1sen every year. UEMS give nothing and keep on going down!

If the boss dispose, then you should also sell. Simple

Good news coming when PM Malaysia meets PM Singapore early May.

Going to try to sell today. I think it will fall below 50sen again. Hope there will be buyers that willing to buy

No wonder MRCB share price going up

https://www.freemalaysiatoday.com/category/nation/2021/02/11/mega-projects-to-put-economy-back-on-the-rails/

Maybe time to cut loss. I hope I can still sell at RM6.20 tomorrow morning.

Better be safe. I just sold all this morning. Cut losses.

I have a feeling it may go down below RM6 again. Better sell now before too late. Just a friendly advice

Done. I bought 3 lots at RM7 ....cost me RM21k. Will hold it for 3 months .....

careful that there are many proxy of short sellers in this chatroom. If don’t buy, pls also don’t sell. This is the time to finish of the IB and shortsellers. No more market bullies. I will contribute RM20k today. That’s what I can afford to hold in next 3 months

I will contribute RM20k today and buy and hold for 3mths. Let’s see what happens

Downgrade call by CGS-CIMB https://focusmalaysia.my/markets/petrochemical-sector-may-be-disrupted-by-supply-side-issues/

History has shown that it will drop below RM1.80 after Qtr result (within 2 weeks). Happen for last Qtr 1 and Qtr 2. Just careful

As predicted, LC Titan now heading to below RM2. Last call to exit before too late.

Time to cut loss. History has shown that LC Titan always drop below RM1.80 within 2 weeks after Quarter result. See Last 3 Qtr result.

Last Qtr, it drop 10% after bad Qtr result. Then within 1 more week, it drop another 15%. Just careful everyone. Don’t get burn by this Korean counter

History has shown that LC Titan share price will drop below RM2 (around RM1.80) after disappointing quarter report. See what happen in last Qtr

Cut loss while u still can.

Will be selling off at 38.5sen later. Hope someone will help buy it later.

I think this is bad for UEM Sunrise. Ecoworld got huge debts. Will try to sell in afternoon if price better.

1058 units of Ecoworld will get 1000 units of UEM Sunrise.

At current price,better sell Ecoworld to change to UEM Sunrise. Better exchange rate.

Congrats to all....UEM Sunrise going up today ....and big volume. Any idea what is happening?

DRC meant to solve the Public shareholding spread issue. It could be good if the dividend is converted into shares at a discount share price (max 10%). It also indicates that LC Titan will declare dividend for next financial year.

Normally, LC Titan release Qtr report at lunch time. If report is good, then expect a big rally after lunch time.

Lotte Chemical Titan Increase Production & Targets in Indonesia https://www.idnfinancials.com/news/34967/lotte-chemical-targets-increase-polyethylene-production

Very clear that someone or some funds are accumulating ahead of Q2 result which is to be announced anytime before end of July. The volume is 5 times the normal daily volume. Won’t be surprise of a big profit as there was a big adjustment / impairment of inventory in Q1. Now price of feedstock naphtha is going up. Good luck to all!

It’s very difficult to guess the bottom. Anything 10% to 20% from the bottom is already good. If one day the price goes to RM1.50, the 10sen now is nothing. Many counters like E&O also drop to below 40sen during 1998 crash and 2008. But in both times, it recover back to above RM2. This is from history and that time was without STP2 completion and land price there was below RM200 per sq ft. Now is around RM500 per sq ft.

RainT, there was actually a big sell down early morning ....like panic sale. I manage to buy some at 39sen.
In accounting terms, this is actually a good move by E&O as better to write down and bring out all bad news at one shot and bite the bullet one time. And since the profit for 2019 is so minimal. Then next year, you can move ahead with better results and news. I think E&O got a good management which adopted this principle.

https://www.nst.com.my/business/2020/06/604656/eo-prepares-property-launches-post-mco-recovery

Elwin, you have to spread more bad news and pursuade more people to sell. Let’s see how many fools will sell the shares cheap. We got to pray hard to get more fools to sell now.

At 39sen, the 1sen dividend is 2.6% yield. Just like placing in a FD. Good part is they already write down all the investment assets now. Should have been done in next quarter. So, next quarter won’t be as bad as this quarter. And there is a balance of RM170mil due from KWAP, being 20% from the sale of STP2A after completion of the infra. Debts already reduced by 600mil. And there is still balance of RM1billion from the Sukuk not yet drawdown and almost RM300mil cash.

I wanted to buy more at 39sen just now ....but someone else is also grabbing it. Only managed to get around 3000 lots.

I manage to buy some at 39sen this morning. Not many sellers now. Back to 40sen again

1sen dividend out of 40sen = 2.5% yield

RM195mil loss as a result of RM190mil impairment of assets. Very prudent move the write down assets now to take into account of COVID-19

RainT, I just bought some at 39.5sen. Let’s wait and see 4Qtr result ...should be out today or tomorrow. I’m waiting to see whether the company will announce the 3sen dividend (like last 10yrs). They have the cash as they just completed the Sukuk Bond RM1.2billion.

Yes, I notice someone purposely lower the share everyday by selling just 1 lot to close it 0.5sen lower everyday....just before market close

In 1999, this counter was down to below 40sen. Also recover to almost RM3. In 2008, it was again down to 40sen. Also recover in 2 years to almost RM2.50. All take around 2years. So, how about 2020?

I notice that last few weeks, the volume is very low and the sell volume is mostly low (less than 100,000units). Meaning that sellers are now just small retailers. So, it means:-
1. Jemaah Urusharta already finish selling their shares and no more sales by fund managers
2. Most shares already in the hands of big players including Dato Tee
3. Big players no longer selling
4. Public spread of shares is already reduced significantly

Due to low public spread, the shares will easily jump up in price if there is some good news and/or anyone want to accumulate.

Yes, agree that this counter will go up a lot if can hold at least 6 months. Previously, price went up above RM2

Sime Darby bought E&O 30% at RM2.30 per share in 2011. And they sold 20% at RM2.60 in 2015.
This is all before the completion of STP2A reclaimation in Penang worth RM3billion in land value. https://www.edgeprop.my/content/sime-darby-buys-30-eo-rm766m

Elwin, I think the insiders and large players already bought most of the public shares. Not surprise if they end up taking this company private. Whole company only worth less than RM600mil now while RNAV is more than RM3.5bil. Read this.

https://www.nst.com.my/amp/business/2020/06/599069/what-amazing-parade-eo

There is appx RM3.9bil cash in LC Titan without debts. At 2.8% yield in FD, those cash will earn RM109mil or 4.5sen per share. This is without factoring other profit from business operation.
The business expansion will be delayed in Indonesia. So, the cash will continue generate fixed income.

https://www.sc.com.my/analytics/bonds-sukuk-market/list-of-corporate-bonds-and-sukuk-under-lodge-and-launch-framework

The Sukuk Bonds was completed and issued on 13 March 2020. Meaning that this 4th Qtr result will show the conversion of existing debts into Bonds in the Balance Sheet. They are entitled to classify it as equity which would then put the company in net cash position

Financially, E&O already clear from difficulties as they already completed STP2A at Tanjung Pinang. No more big liabilities. Their current projects in KL are all JV with Mitsui Fudosan which will not incur debts as they are landowners.
Looking forward, they will be milking profit from STP2A after 2021. Book value of STP2A is only less than RM900mil while market value is easily above RM3bil (6mil sq ft at RM500psf)

Yes, this is the reason why they announce cancellation of rights issue. The dividend will be a bonus for investors in E&O