i would buy gloves again if can drop topglove 10, comfort 2.50, harta 9.50, supermax 5.

very assuring news flow as described by deadchicken. keep buy

From dead chicken https://polymerupdate.com/news/Home/30May2020/1061769/ethylene-prices-bolster-higher-in-asia

Eggs price have recover

Moving on to subsequent quarters, we believe poultry prices will be slightly lifted by demand from restaurants as dine-in operations restart. We believe the growth for FY20F will be largely driven by LHI’s expansion plans. We believe that the long-term outlook for LHI is positive due to relatively stable demand of chicken and strong longterm earnings growth underpinned by expansions of the feedmill and livestock businesses in Malaysia, Vietnam and the Philippines.

COGS was lower at 73% where it dropped 2.4ppt YoY as raw material prices were favourable. Corn price fell 18% YTD while soybean slid 9% YTD. These raw material prices are expected to remain low in FY20 due to weak global demand. However, gross margin expansion arising from lower raw material pricing is only temporary as the cost savings will eventually be passed on to the customers. To me is the most important!

LHI experienced improved sales volume in its feedmill segment, which grew 5.2% YoY, +1.3% YoY to 120.4mil of DOC chickens, +9.8% YoY to 32.6 mil broiler chickens and +1.7% YoY to 434.9mil eggs.

LHI experienced minimal disruption in its production and supply chain from the onset of Covid-19 pandemic as poultry production is considered an essential service. The group is not expecting any significant impact to overhead and operating expenses in relation to the movement control order (MCO)

Costs of raw materials are expected to remain low in FY20F due to weak global demand for wheat products.

anticipate earnings to come in stronger in 2H20, on the back of recent recovery in broiler prices (particularly, in Malaysia).

Don’t forget teoseng too

Buy at this price till ipo price. Or else you regret it. Chicken prices and egg prices have recover, INDO doing well and Vietnam well also.

The most important is the PP price still very strong and naphtha is still low.

No worries, good time to accumulate more. Be patient after moving from 1.90 to 2.50 surely got many profit taking. Actually it move so fast that I missed out buying. So now good time to buy.

X

The key is the price of HDPE spread has rebounded to pre 2019 level. That in 2019 the spread narrow substantially the price drop to below 2. Now that the spread has gone back up to pre 2019, it’s not impossible to go back up to 5. Technically they is not much resistance till 3. So enjoy the ride.

I was told by the one glove company owner, lctitan is one of the supplier.

The beauty about stocks investing is that you can unwind your position and move on to change to new exciting situation. Cant imagine if you are the owner of Genting and AirAsia, you cant do anything other than to pray the situation turn better. But we can turn by taking advantage of the new situation.

@borntospeculate, is absolutely correct! Don’t put in good money continuously into bad situations stocks, they are not bad stocks but their situation there are in is very unfortunate. So I would unwind the position to put into something like LCtitan now so that the limited resources can be use Toto regenerate positive return or else we forever tied to that bad situation.

The minutes you saw that old hack bragging, it’s time to sell!

$3 to $4 price range,

You can’t make much money purely based on good fundamentals alone. You need catalyst to ignites it and the tail winds to follow through. Just like Gloves stocks now but I had achieved my target I moved on until dead chicken said worse over for LCtitan in his blog. And the catalyst for this stock is what I have posted and others had said earlier on in this forum. The tail wind happened to be inclusion into MSCI. They are many other stocks also included but they lack the catalyst I mentioned. Ride this through 3-4 is within sight.

You dare to take risks but you dare not see it through to win?

not forgetting xterrorsinx and stock raider. hopefully the healthy spread will see it through 3-4 soon after 2qtr

you must give credit to dead chicken, born to speculate, titan and many more, i started following their constructive view first.

You can see these fellows as if paid by GP pushed so hard as if it belongs to their lim beh!

The refinery crack went from low to high in 2017 and subsequently dropped till now guys. It’s all about refinery margin not the distribution that make much of a difference unless you have the biggest distribution like Petronas .

In the meantime, with the plunge in oil and naphtha feedstock prices, integrated PE production in Europe is seeing renewed profitability, completely flipping the US advantage.

European spot high density PE (HDPE) margins using naphtha feedstock have rocketed to $1,069/tonne as of 27 March, according to ICIS Petrochemical Analytics. That compares to $574/tonne for US HDPE using ethane feed. Asia HDPE margins using naphtha were $565/tonne, running neck and neck with the US now after being negative through much of November and December 2019.

Global PE margins

The dramatic drop in crude oil prices has turned everything on its head - the US petrochemical cost advantage in particular.

“The ethane advantage US producers had is gone. Lower oil means lower naphtha and lower European production costs, so the once advantaged US is not advantaged anymore,” said O’Connor.

This presents a problem for US polyethylene (PE) producers in particular who have ramped up capacity with worldscale cracker projects for the export market.

“It all depends on what the price of crude oil is long term,” said Sheehan. “Crude oil would have to get back above $50/bbl for some of these large projects to make sense economically and I’m not optimistic about a return to $50 anytime soon.”

“On capacity additions in the US, a lot of them are being slowed down or postponed… We’re seeing this across the board - not just in the ethylene chain… Many companies are announcing that they’re reviewing and assessing their capital spending plans for 2020 and if the crisis were to continue in 2021, we would probably see the same thing next year,” he added.

How is the HDPE/PP spread now?

why harping on genting now, buy lctitan. make the money from there first then come back when casino is open. LCtitan can go up tp 3 easily.

gloves fairly valued already but petrol chemical companies is on the upward trend. don't miss this opportunity. back to 2.5-3 channel very easily!

no need good news to move back up to 3 level. its only natural progression. MSCI inclusion will lift up the buying by those funds following MSCI index. come 2nd qtr reporting the healthy spread in PE/PP will rerate the stocks back up to 4/5 level.

Once under MSCI, lots of funds will start to buy unlike before this volume is quite small now volume will start to build up. Soon 2 is history. Anything below 2 just hold till 3

Who said tencent work with GPac?

https://twitter.com/theedgemalaysia/status/1265612732851601408?s=21

https://www.nextinsight.net/story-archive-mainmenu-60/943-2020/13520-which-company-had-pandemic-word-in-its-annual-report-every-year?idU=1

there is another another company MEDTECS INTL duo listed in TSX and SGX
valuation only 4x 2020. price differences in Taiwan TWD6.91(SGD0.3275} and SGD0.192. same company, same shares.

riverstones SGX listed profit margin is about 12-13% but valuation only 20X 2020 compare to Malaysian listed net margin of 7-9% but valuation range from 35 to 45X 2020.

https://www.investopedia.com/terms/g/greaterfooltheory.asp

https://www.investopedia.com/terms/g/greaterfooltheory.asp

So chai, Kendall court bot low price at 20 cents you buy now at 1?

Google to read about the Greater Fools theory before we dable in stock market

They are called Anal-lyst, they always ask you to buy overvalued stocks like Gloves and underrated value companies like this and LCtitan

that is exactly the same reason i bot this stock. i don't buy a stock for mere 30% gain. if i don't see 100% its no go. and i go in big position. i once saw this stock at IPO and looking at the prospectus, i tell myself its going to turn bad, never thought so badly hit and i forgot about it until recently. for the last 2 years i only go for gloves stocks and now this is my only focus. i hope i am right.

so u r the company promoter

Newbie must search what Greater fools theory is all about

That is the price to pay to learn how to speculate

When the price dropping like this, it tend to suck in more fools and greater fools than when they push up the stock.

heard of THE GREATER FOOLS THEORY?

major shareholders selling la

When they can start operating ,IF, only talk