It is still hard to tell how well LCT will do. crude oil price has a big influence on its margin. Its business was not really good in the pass few years due to the high crude oil price at around 80-100 usd per barrel. Its earning started to soar in 2015 and 2016 after crude oil price drop significantly. The only concern i had for LCT is RAPID project in Johor. Once the project completed (expected by 2021 if i recall correctly), definitely will have an impact on LCT business since petronas sapu all from upstream to downstream include export direct from RAPID.
I wrote a blog not long ago before the new IPO announcement to analyse LCT. https://klse.i3investor.com/blogs/ifrit2020/125655.jsp Maybe I was too optimistic to hope that it may climb to RM9.00. Haha. With new IPO at RM6.50, I felt more secure to hold for at least 2-3 years. Of course when it were overvalue at certain period of time, I may choose to sell it too.
if oil down to USD40 I am sure lotte profit can hit the 2 bil mark.anyway see the opening,if below 6.50 I sell for the buy back and buy at the market. if above 6.60-7.50 I hold, if 8 I sell.any how it's a win win situation.....hahaha
I've told u super many times don't play-play with anything related to O&G mah.
This JiauJiau monkey then starts to realize and made a reverse gear on his prediction on the IPO TP? LotteChem is UNDER-SUBSCRIBED mah. You don't know how to interpret the Qatar-Middle east crisis meh. After all I made so much money in oil markets many years already even during peak $156 lah.
That is why I said your FA is not good loh. Already so bad FA and u want to teach people? Shame shame lah.
retailers money should be apply IPO but lost all to moneygames now no money to apply, even advancecon which is only 63cts,only 10 times oversubscribe. lotte ipo 8.00 how do u expect retaiers to have the money to buy?
Wrong thoughts lah you. It is the PESSIMISM of the public towards LotteChem and O&G sector at the moment since the Qatar-Middle east crisis is deepening
Dear all, pls dont reply CKCS. He is just a childish loser wants to intimidate me as he felt I'm a threat to him in Evergreen forum because I am one of the members could counter his twisted facts. He is following us and insulting us by purpose. He got excited when others argue with him. Thx
Apollo, good strategy. Haha. The price may not fructuate much. I guess should be within 6.50-7.00 range during the launching day. Since all IPO subscribers had buy back option with guaranteed 6.50, i doubt any one of us will sell below 6.51-6.52, unless those institutions throw below 6.50 for whatever reason.
i just ask opinion from 5 remisiers from different securities firm,their views and their securities analysts views, all five of them told me sure can make profit upon opening.TP from appoloresearch TP 6.65-7.00
In my opinion, at 6.50 u are likely to make a small profit. As most of the shares ended up with institutional investors. The stabilization manager will ensure that it won't go below 6.50. Best of luck.
If penny lousy why list so many stocks? Must change to Pakatan and Mahathir return as PM. During his time govn suffer forex loss but we untung from penny stocks gain. Idris RM 7, Hwa Twai RM 200, if under NajXX forever cannot.
Posted by Apollo Ang > Jul 7, 2017 06:18 PM | Report Abuse why bad? many blue chips now new high, only lousy penny stocks are down cos retailers now mostly broke being conned by moneygames
Next week launching. Regardless what is the closing price. This stock can hold for at least 1-2 years. I believe 8.50-9.00 is possible in 1-2 years time. At the mean timr, enjoy its 24-30 DPS per year.
Read this subject matter....it tells u already it may be subject to stabilizing actions by Maybank meaning u can expect its share price on debut to FALL further loh. Why salesman still tried to sell u their weak advice to buy? LMAO
reduce price so can up to make everyone happy to vote for BN....brim is for the poor,lotte is for the middle class.....next edra is for the rich.....hehehe
advcon also demand not good but opening so good....now fund managers are selling others and tomoro going to buy LOTTE, just like me sold advcon to buy LOTTE tomoro
I told u 2 Big warnings signs from the beginning mah. It's "Undersubscribed" and "IPO price revision". If you cannot even understand both of these bad signs for an IPO then u better go to casino with better luck.
Why are these salesman keep defending? No point loh. ChngJiauJiau can retire and stop dreaming to be FA sifu.
When Maybank acting as a stabilizing agent's role is done or expires, what will happen to it? IPO listing also need so much hard work from Maybank, how good do u think it will perform without stabilizing agent like Maybank?
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Apollo Ang
3,181 posts
Posted by Apollo Ang > 2017-07-05 23:46 | Report Abuse
why u think that? I tot u like profit making companies?