Gick, as I have said earlier, i will inform you if i am out. confirmed out.

Billionchew, panic is at the spur of the moment reaction, but this one is becos i am so damn bloddy fed up with the market maker. I want him to go down becos he likes fooling around with potential sellers, and to be fair to him i wanna give him back the shares. If he reaches that 4.98, i will sell, and willingly walk away, and never to revisit this counter for at least till end 2018.

2 days already, waiting to sell my LCT at 4.98.

the only consolation now is that PChem is green. but if it turns southwards and far below, then all hell might break loose for LCT.

If you read yesterday, Morgan stanley slapped the malaysian market with a downright deserving comment: the worst performing equities market in Asia. Serve Bursa and the nation right.

My stop gap measure is to exit if it touches 4.98. The sentiment is not very good now. MY view is that if it goes below 5, and if on the same day it does not move over 5, then be prepared for another downward move to 4.75. But again for what reason does the playmaker want to press down below 5, if there is no serious drawbacks such as fire and so forth.
What he is doing now is toying around with sellers, which is bloody.... trying to create fear and uncertainty.
Again, the direction is very uncertain now. For all you know, in the afternoon he might just say bye-bye to those sellers today.

Bloody hell, how did the LCT market maker anticipate that sentiment in the evening will go negative. Others like Pchem, Hengyuan, Petronm all taking u turn southwards!

Walao, if counter is 50 sen and down by 1 sen, it is 2% reduction. No panic button being pushed. I think if RM 5 down by 11sen, about 2%, don't run , look-see look-see first, and then decide whether to walk away. Don't run. What is so fearful about stocks. You wont die, will you?

force selling when 2280 lots done between 5.28 -5.40

Gick, bro tak boleh compare with this 2 corporate animal, Petronm and HRC. LCT number of shares outstanding is about 7 to 8 times bigger than Petronm and HRC. In fact. Petronm is even fiercer than both. 70% shares held by Petronm Corp Phil. no substantial shareholders. Even corporate or institutional holders mostly only 2 to 3 % ownership. Very small free float. Market maker having a gala time anytime any day.
HRC and Petronm about 270 -300 million shares. LCT now about 2230 million shares. LCT free float is about 23%, about 500 million shares.
That is why market maker exercises lots of caution in its buying and selling.
Assuming conditions remain with respect to number of shares outstanding and business performance, LCT even in 3 years time will never match Petronm or HRC. Only god knows!
Again, Petronm and HRC is the Cheetah and Gazelle, whereas LCT is an Elephant. But the good thing is that you can dance with an elephant! Ha.ha.ha

Gick, your spirit is very invigorating. However notice that the market maker now makes it very difficult for anyone having T4 intentions. The current trend for LCT's price movement looks very institutional like. Its good for holders but most of the time it is boring. He is still toying around with the prices in search of sellers.
In a way, it is also good, so that so that we don't have to care and leave the daily noises aside, and see the stock performance in January 2018. Its no point trying to anticipate the market maker's move and his whims and fancies!

so pet chem is EPS 40, while LCT is 36 after 3 quarters. By 4th quarter, I guess both lebih kurang sama saja. So are the IB targets realistic for LCT? Time will tell!

gick, as long as i am still writing in this post, I am still waiting to gang nam with the naphta crackers. I wont burn bridges in this last mile, I wanna see what this market maker has up in his sleeves that's in store for LCT. I will inform you if I am out of this.
Oops! sorry for using the word "burn bridges". I forgot that it is taboo to this counter, being firephobic! kah,kah,kah....
I think this LCT is consolidating at average 5.20 for now, a new base. If he goes down below 5, I will hire a korean assasin to gun down this market maker!

Prices might sway a little bit there and a little here, but the market maker is gonna make this counter look shit for short term traders. He will instill in you the sense of hopelessness even among the holders. He will manipulate your emotions until you fear and fork out your shares to him cheap. This is what we call counter cleansing. And just as everything looks gloomy, that's the time he will strike. That is the first mover advantage. And that is what the market maker is so damn bloody good at doing.

Market maker toying around with sellers. Volume is pretty thin. Directionless. Well he is one who is an expert in creating fear, uncertainty and euphoria. Just let it be if you are a holder.

Peter Ng, historical, chairman and corruption in Korea. They wanna nail him for 10 years. Nothing to do with LCT.

Lotte chem korea is still down becos of the scandal news. but not relevant and no bearing to Pasir gudang ops.
Spy 008, I am sure you are a holder and not a T4 trader. So go do something else, rather than sitting in front of the visual display!
This corporate animal will run true to its form: this is a potential RISER.

Hi rojak mee; sorry, should have got back to you sooner:
Again, my 2 sen worth:
a) Who creates fear and euphoria in the market: Facts and Rumours can be considered, but not as significant as market moving activities on a daily basis. Do you agree that the market maker is psychologically proficient in this business of creating uncertainty, fear and euphoria by the upwards and downward movement? So he does all this so that he has first mover advantage, Agreed? He must have, or else he will fail.
b) Dont you think that the market maker shall be privy to some info of the co performance before being made public? First mover advantage.
c) Lets not touch on poor results. When good results have been published, who is euphoric? The market maker did not create the euphoria, but the co and media did so. If you are the market maker, and if the other side is euphoric, what do you do? Remember, the market maker is always a contrarian.
d) Now that lots of uncertainty befalls on this counter, with trading volume thin, and small insignificant gains are seen, the confidence slowly starts to wane. Correct? But this is what the market maker wants you to feel. He wants to make it like shit. Do not forget that this co is potentially a RISER.
e) Now is the time that you have to be very careful. Because when he starts moving, he wants the first mover advantage. He will catch you by surprise. If after the Q report is out, why should he work to the advantage of new believers? If you sit on his chair what will you do?
After the Q report is out, that's another new chapter.

OK ROJAK MEE, i got to go. Hope you will profit from your endeavor. I don't come here very often now becos i get a bit finicky with toddlers running in diapers, thinking that they own this i3 forum as well as the prime owners of HRC.

I took a peek at the share price of Lotte Chem corp of Korea earlier. and saw a fall of about 4.7%. Well i guess it must be equated to Lau333's article. However, the power tussle and its corresponding chaos within the Lotte group of companies are publicly known, what more with the removal of the founder by his sons to wrest control of the Lotte empire.
But the good thing about the Koreans is that, you can be whosoever, if you get nabbed for corruption, then prepare to indulge in your pastime behind bars. Like, when charges were brought against the recent heir to the Samsung empire and I think the President himself. Both are now spending their time looking out the window cell eating rice and curry with morning roti canai.

Eunsang, if you have further info on the chairman issue, please update us.

How stupid can you be? You come into a forum and introduce an irrelevant racial discourse. We are here in LCT. What does LCT got to do with race? I bet to my last dollar, nobody here, and I mean nobody here bought or sold Lotte Chemical Titan due to racial reasons. In fact nobody bought or sold LCT even with regards to whatever government.
The best thing for you to do is go see a brain surgeon or psychiatrist. Or else go see a geneticist to confirm whether birth defects!.

4444, i dont visit here often nowadays becos to me HRC is still steady, bidding its time. But since you ask a question, I will clarify:
1) Lets say you make tons of money from which ever stock. Can anyone say anything, if you wanna give your father, your mother, your children, your mistress, your girlfriend .... whatever amounts? The gains are yours and yours alone, what you do with it is your business.

2) You say" we push up..... .". Ask yourself, who came first. ASB into HRC or you into HRC. Ask yourself, has ASB ever enticed you to buy HRC? why do you feel yourself being victimized by ASB's selling? ASB never stop you from selling, or have they done so?

3) You think the market maker got problems with ASB? If the market maker perceives ASB as the bottleneck, HRC would not have moved within this year from 2 something to 8 something, from Jan to OCt. Is that not remarkable? 4 fold gains hardly in one year.

4) How many counters does ASB and all other funds buy into. Only HRC? Definitely no. Look at all the other institutional counters, whether index or non index linked? Did this counters not appreciate? If index linked, how the hell did we hit 1770 and above as compared to previous couple of years? Were the institutions the hindrance? Better still, ask yourself, compare the other ASB holding counters, and determine, which can beat HRC in terms of rate of appreciation. None. So, when HRC made the 4 fold gains, why dont blame ASB?

5) Finally ask yourself, who is in the stock market first, PNB or you? This is a capitalistic domain with all the trappings and risk associated with it. What they wanna do, is not our call. They have their own risk, we have ours.

ASB is the wrong tree to bark. Like i say when they are down to 17 million shares, they become a ghost trader, and you will be barking at a ghost. They dont have to report.

6) Lastly, do you think you will exit first, or ASB exit first? Better still, who do you think the market maker will prefer to exit. You or ASB? The market maker is uncomfortable if he has to contend with a ghost that holds 17 million shares.

4444, I answered your questions by posing questions. These are my 2 sens worth as food for thought. No malice or offence intended to you, but we have to face reality from hard facts.

if you feel HRC is uncertain now or directionless, this is what the market maker wants you to feel!. Rather than you be so concerned with ASB, sit down and occupy the market makers chair and think like he does!

Bro, just sharing.

Well there are rogue nations, there are rogue leaders, so the existence of rogue traders comes as no surprise.
Using basic mathematics 101, integration will show rogues summation eventually create rogue nations. I pray that we are not!

Hi alex Foo, long time haven't comm with you. Just a note on the ASB issue:
a) Now we see ASB reporting becos they are a substantial shareholder about 6% and above, as required by BURSA. Incidentally they are the last of the substantial shareholder, the other being HRC themselves, if not mistaken about 50% via RHB inv. bank. I guess RHB inv bank should be the market maker.
b) what happens if ASB cease to become substantial shareholder, by just being below the 6% threshold level? meaning they hold about 17 million something shares, but their buying and selling is no more visible via BURSA. Then how will we know that ASB has sold or bought at which level. So we have the situation whereby a watchdog who previously bark, now becomes a silent watchdog prowling to capture its prey. Incidentally, from that time onwards all will be groping in the dark, without published shareholders transaction.
c) Did EPFsold off everything? No, but now we cannot determine their movement, becos they only hold about 2 to 3 %. Those days that ASB was not selling, how sure can it be that EPF or other minor holder institutions was not behind the selling? They are not required to report.
d) Remember the run down from 8.5 to 7 after the 2nd Q report, was ASB involved? No, or better go check substantial shareholders Transaction at Bursa. Again No.
e) Compare the volume sell down from ASB on days against the total volume traded. The size is not significant, that the market maker and other buyers cannot absorb. No problem
f) Alex, if you are the market maker, and for controlling the daily market movement, who would you prefer to have? ASB on one side whom you can Kong Nali Kong, or if ASB has sold down and all shares fell to many various minor instituions and to various tom, dick and harry. Alex, would you think that ASB and the market maker is hostile to one another, when they exist in the same fraternity?
g) Alex, i dont wanna add salt to injury. Look at Serbadk. Despite the often buy/sell activities by the CEO and KWAP, the counter became distasteful to people, becos it had volume but no or small insignificant gains. Just when people loathe looking at their transaction thinking it is just hype, they whacked from 2.26 to 275 within, if not mistaken within 5 trading days.
h) I think with the very thin volume now that HRC is trading, it looks very potentially and menacingly explosive. However, it is only waiting for people to get tired and fed up with it, and to think that it is a hopeless counter. Then watch how the market maker turbo charge the stock. He will move when people do not believe in the stock anymore. The market maker must have the upper edge, so that he is in control.

Alex, no offence directed to you. You are still the sifu. Just to say hello to you. Got to go, lots of things to do. Bye.

No offence intended super panda. Its just that haven't seen you around lately. What caught everybody by surprise is the timing of the release. Again LCT has shown it is the master of surprises!

Gick, sometime within the last 2 months, the panda in Zoo negara returned to China as the duration on loan expired. But this Panda do not know about LCT becos he did not stop over at Korea. So what do you call a Panda who own shares of LCT? Your guess is as good as mine...kah,kah,kah

Hey panda, just came back from overseas assignment or got kidnapped by some alien being. You seem oblivious to the already published results.

But if you are a principal officer or board member of the co, then you give notification of your intention to trade via bursa. If i am not mistaken reading it in the prospectus, total held by directors after IPO in LCT is less than 1%.

Ok, now i get you, if you are a non substantial shareholder, I think it is 6% and below, you do not have to report.
That is why if you look at Petron, you will not see any shareholder transaction being done, despite having institutional shareholders. There is no other substantial shareholder except Petron Corp Phil.via MIB (mayban inv) which holds 70%.

Bravo 88, how to answer your million dollar question?

Its ok spy008, dont be too overly concern. You could estimate from the inventory level and sales to determine sell rate, but dont bother, its gonna be too cumbersome. My stand is that life is precious and short, things which are meticulous and complex, let it take its course. Furthermore, we only buy LCT, we do not work in there to recognize the intricacies and bottlenecks. Anyway thanks for the info.
Whatever it is lets see whether the market maker will behave himself this evening or not.

Ok thanks spy008 for the info. I guess by rough deductive calculation, they could have hit at least close to 300mil if they had no maintenance to the NC1.

Now that you mention Pchem, what comes to mind is the clustering effect. This could be a bumper year for Pchem generating potential EPS of 55sen/share. Would be good if the prices move higher so that the PE would work out to be between 16 to 20 times, and that becomes the comparable benchmark PE. Globally, the peers for Pchem and LCT is traded averagely between 16 to 20 times EPS.
If Pchem could move higher and set the pace for that sector of the Malaysian O&G industry, that will also assist LCT's momentum, might not be a significant relationship, but there will be an impact. Just look at the clustering effect of the glove players and the refinery players.
However, only time will tell.

All that i can say about the slide briefing: LCT has got class and they put in effort to place issues in simple and concise perspectives for readers and shareholders to be informed. Unlike most others who come out with their Q reports and then leave it as done. Whether readers can digest or not is not their problem.
Kudos to LCT.
But for the market maker, I wish i could hold a gun at his head tomorrow so that he defends his turf strongly!

mredzuan, cannot determine now unless you wait for the annual report 2017, released in 2018. But historically during IPO, LCT holds about 70% via MIB (should be the market maker) and about 6% cornerstone investors (Permodalan Nasional Bhd, Mayabank Asset Management Sdn Bhd, Maybank Islamic Asset Management Sdn Bhd, Eastspring Investments Bhd and Great Eastern Life Assurance (Malaysia) Bhd), Balance about 24% goes to a mix of small institutions, selected investors and individuals.
All this might have changed. Anyway just for info.

Lets consider this Q3 as history. Somehow they definitely did better than the last quarter by at least another 100 mil, only not as comparable as previous year quarter. Btw spy 008, please la tolong la, whats your estimate if without the maintenance on one of the Naphta crackers? You seem to be somebody who is good in calculations.

1) Bravo 88, I havent checked out. The EPS now is 36.29 and at current price of 5.20, the PE is about 15. Even if the next quarter the same result is produced, the EPS is about 46,7, and assuming with PE at 15 the price could be 7.00.
2) Today the market maker is commendably steady as sellers were well absorbed, and finished about 1.3% down. I think tomorrow is another sell down day, but again I think the market maker will protect his turf well. Out there there are still non substantial holders or retail sellers who wanna dispose due to disappointment.
3) The trend now is push first, to achieve the prospective PE b4 the Q result is out. Looking at the dates, we can assume that the next Q4 report will be out on the final week of January. I guess that is why the share price did not move higher than Rgt 5.30. At least now we know that PE is 15. If it moved higher there would be a bigger drop.
4) As for the warrants, Ca and Cb expires in mid February, after the 4Q result is out. the warrants will not be the same price as now once the price goes up to RGT 6.

So 2 things to look forward to: The earnings for 4th Q should at least be the same as this recent one. The market maker will move the market b4 the q results are out.

On another note: Take note of what WAhaahaa, wrote: this is an institutional stock, and previously they do pay dividends in 2016, b4 LCT was listed.

Only thing, just don't any more untoward incidences occur; fire la, explosion la, floods la, earthquake la,.. If it does.... oh boy, its getting very tiresome.

spy 008, you are the one most likely to give me the answer. If without the naphta cracker maintenance, just by back of the envelope calculation, what NP could they have produced? Just estimate, not asking for ball park figure.

taking a rolling EPS for 4 quarters the EPS is about 52 sen per share. 4 th quater 2016 was about 340 million.Taking PE of 14 to 16, prospective price range is 7-8 rgt.
Not to sure how much they will be hit by listing expenses in the 4th quarter.

Pet chem in end 2016 was about 37 sen/share. they were traded between 18 to 20 PE in 2017. This year they show a marked improvement in profits.They are trading at 15x now.

If it goes below 5, let us burn the market maker Maybank IB to the ground, LCT have experienced fire. MIB should likewise be fired!

No offence to you guys eh, gick and spy, thanks for sharing. Its just that I tak boleh tahan with the IB's.

I loathe this type of public stunt trying to beg for people: Oh please dont throw while I am moving up. This bloody F...king IB now become beggars.
Too much of a publicity becomes cheap publicity, and becomes shit.
As a contrarian, I get cheesed off when it is an over-driven campaign to be hyped. I get this feeling that the report will be out next week, between wed and friday.
Oh shit!.

Brother Bravo, dont despair alone, we are standing there with you. There is still a chance that we can get out of this mess without experiencing due losses. keep communicating with this group here. I think all here have one common purpose now: We wanna see the LCT report card b4 making decisions.

wow, bravo 88, i am sorry to hear of your predicament. I only hope this is paper loss. Is that so?

eunsung, the fire is only at the power supply control room? So it is not due to accidents occurring at the chemical manufacturing plant? I cant say anymore, for fear that tomorrow an earthquake swallows up the whole ops in one of their operating countries!

Gick, what i tak boleh tahan is that the market maker is still short selling. Normally the market maker is privy to some undisclosed info about the co performance. We cannot be sure when the Q report will be out, at the most just guess-timate, but if the market maker continues short selling, then he might have info on something amiss due to the performance. However I still believe that LCT will churn out encouraging numbers for the 3rd quarter.
Still, the biggest problem is trying to determine the Q report date. If the Q report is at end Nov, then whatever price now is inconsequential, except that the price should not dip below 5 and stay there for long. The market maker has driven up a RGT1.40 gain previously within 2 weeks.
I guess Gick you are right. Make or break, let us wait for them to show their report card.
Aya, real pain in the ..... holding a good co with a messed up reputation!

my 2 sens worth:
1) The company is not the culprit. To me they are operating normally to the best of their ability.
2) Investors, being speculators,players, or holders are only reacting to news, hype, rumours or fear based on trading patterns. That is quite usual, within norms of the market.

But the bloody market maker, I do not know whether he is in control of the trading or not. Yesterday, there appeared to be a certain party trying to short the prices. Whether it is the market maker trying to clear weak holders as quickly as possible or institutional holders who have given up on the prospects of the company, that remains to be seen today.

On the issue of the severed pipes, how the hell can company internal operational problems, be information or news for shareholders to sell? Who supplied them with the news?. Does this mean that every daily operational constrain is communicated to certain shareholders and the market maker? How the hell does the market maker know about this problem, unless he is located in the plant itself.

Like i said earlier, if shares of this co is traded in this manner, I don't wanna deal with this type of hype, or rumours or baseless news, and most of all a market maker who is susceptible to change from daily operational matters. There are 3000 over co in bursa, who can become better host than this market maker.

Come Friday, if prices do not improve or get worse, then i am checking out from this counter.

Gick, surely there is no announcement. If there is an announcement, then LCT can be downgraded to a kalefey co. Pipes also if they cannot settle, then might as well close shop la.

If fire, I can understand that such black swan incidents, random occurrences, can have a huge impact on the operational capacity with lengthy recovery periods at very high cost. But pipes being severed can cause the share price to dip by 3%, that,s amazing. I wonder if one day the MD falls sick and is warded in hospital, another 10 sen goes down. Forklift and other material handling equipment breakdown will cause about 7sen loss. TNB power station failure at Pasir Gudang can potentially cut away another 10 sen. Engineers balik kampung to Korea will drag another 10 sen. Choose whatever circumstances you like and please peg a certain potential ringgit value reduction.
This is my take on the issue: If this LCT is gonna be a company whose share price is being so sensitive to changes based on daily operational teething problems, and if its true that the 16 sen dip today is due to severed pipes potentially causing delays, then I wanna be the first one to sell to the last share that i have. TO me I am only wasting my time with a reputable giant yet so vulnerable to ridicule, and being supported by a market maker who cannot even defend his turf when the shares are raining down on him.
We have 3000 over companies in bursa, each company having their own operational problems, but none as sensitive as LCT to price fluctuations based on variations of whatever factors in their operations.
You see, I think it is not the severed pipes. But it is due to something which i noticed from the trading pattern today, and this gives me a fair bit of concern.

It does not look good from the photos, and what more it is an electronics co. I hope they recover fast and find means and ways to reassure shareholders that they are still an operating entity. My get- well- soon wishes to the owners and share-holders of Notion V-tec.

It is not LCT, but Notion is suspended due to fire. look into bursa announcement. Just wanted to highlight the fire epidemic!

Fire again, this time took it took its toll at notion vtec. My goodness. This one is i guess more serious.