Posted by stevenckheng > 1 month ago | Report Abuse

falling of titan :(

Posted by Nepo > 1 month ago | Report Abuse

Lotte Chemical to Liquidate Malaysian Synthetic Rubber Unit LUSR

Posted by SuperA > 1 month ago | Report Abuse

https://www.thejakartapost.com/front-row/2024/09/13/cilegons-rp59-trillion-petrochemical-plant-to-begin-operations-in-march-2025.html

Posted by beluga > 1 month ago | Report Abuse

According to the Korea Petrochemical Industry Association, China accounted for 42.9% of Korean petrochemical companies’ exports in 2020. That proportion fell to 36.3% in 2023 after Chinese petrochemical companies began aggressively investing in facilities starting in 2020.

China’s ethylene production surged 60% to 51.7 million tons in 2023, compared to 32.3 million tons in 2020. Its production volume is projected to grow to 56.0 million tons in 2025, according to industry observers.


China is 100% self-sufficient in its supply of basic petrochemicals such as ethylene and propylene, referred to as the rice of the industry. Its supply is forecast to exceed demand by 20% in 2025.

What's worse, China is dumping its products in Malaysia and other Southeast Asian markets to make up for reduced demand at home.

In the market of intermediate feedstocks such as paraxylene and propylene, which generate higher margins than basic petrochemicals, China is also emerging as a stronger player.

It is projected that China will meet all its needs for intermediate petrochemicals without imports by 2025.

Due to the supply glut, the ethylene-naphtha spread, or the difference between the prices of ethylene and its raw material naphtha, halved to $195 per ton in February this year, versus $398 in 2021. Its break-even point is about $300 per ton.

https://www.kedglobal.com/mergers-acquisitions/newsView/ked202403060014?_gl=1*m3inle*_gcl_au*MTg3MTcxOTI5OC4xNzMwMTgyMDY5

Posted by Potato > 1 month ago | Report Abuse

How come Qtr report not out?

Posted by Harryww > 1 month ago | Report Abuse

Klse should query the company about the delay. Necessary actions should be taken for the delay.

Posted by jinxstock20 > 1 month ago | Report Abuse

Still has grace period for LCtitan to announce QR ?

Posted by AFI6065 > 1 month ago | Report Abuse

Based on info from website the Q3 report will be publish tomorrow 06/11/24.

Posted by ironrobe3388 > 1 month ago | Report Abuse

pchem . sharp drop. expect the worse for lctitan.

Posted by curiousq > 1 month ago | Report Abuse

record breaking cheap again?

Posted by speakup > 1 month ago | Report Abuse

aduh!

Posted by xiaoeh > 1 month ago | Report Abuse

this business not making money
long time ago they already exploring sell the business
no potential buyer to risk their capital...

Posted by Amazonboy > 1 month ago | Report Abuse

Indonesia is their only hope...if not bungkus

Posted by Nepo > 1 month ago | Report Abuse

Cannot earn money + company and directors no background, definately die die..

Posted by Markv572421 > 1 month ago | Report Abuse

hahahahah....close shop company !!!

Posted by thesteward > 1 month ago | Report Abuse

Some party kept promoting this at rm1.1+

Posted by cbkia4896 > 1 month ago | Report Abuse

Hah 60-80 sens region incoming

Posted by mangkal1 > 1 month ago | Report Abuse

This company going bankrupt soon. PN17. Congrats

Posted by stevenckheng > 4 weeks ago | Report Abuse

NTA dropped from 5 to 4 just in 3 quarter, cannot look at that anymore, mostly useless assets

Posted by Lsly88 > 4 weeks ago | Report Abuse

surprisingly the lonely promoter is totally quiet now and missing in this forum liao..rr alreay???

Posted by targetinvest > 4 weeks ago | Report Abuse

I steady punya. Continue hold him until die together.

Now lctitan got shortselled by IBs.. those who come out with damaging report will be the one doing it.

Last time airasia did kena shortsell from rm3 until below rm1. After that, go back up fiercely again. In next 6 mths

So look at next 6 mth, around april may june 2025 already

Posted by jinxstock20 > 4 weeks ago | Report Abuse

Catch falling knife at current price ?

Posted by Nepo > 4 weeks ago | Report Abuse

You definitely steady.
If I were you, I definitely cut lose and move on.

Posted by Plantermen > 3 weeks ago | Report Abuse

LC titan not so positive market outlook. Look at Petronas chemical with parent company { Petronas} backing them up. has forecast a gloomy outlook for the industry coming 1-2years. LCtitan with heavy financing & borrowing costs of 11 billion would faced much more hurdles. Even selling off their Indonesia factory would not mitigate current dire situation. Without any injection or new capital pump in. Strong possibility of ending up like rumors of LC titan in Korea having a moratorium short of disposing assets {fire sale of assets} not a good time for the industry

Posted by kl_guy > 3 weeks ago | Report Abuse

lower the better . waiting for bottom to form.

Posted by targetinvest > 2 weeks ago | Report Abuse

https://klse.i3investor.com/web/blog/detail/targetinvest/2024-11-21-story-h474724767-SHORTSELLER_TARGETING_ON_LCTITAN_NOW_CAN_A_POTENTIAL_ASSET_SALE_IN_LCTIT

My opinion

Posted by ironrobe3388 > 2 weeks ago | Report Abuse

net short position

2024 11 20
7.09 mil

how much can make from short sell 7 mils stock ?the foreign eagles will not come here for minor profit .

the lowest px of this stock was $1.02 during covid . was your rm0.72 a mistake ?

Posted by Dkk08 > 2 weeks ago | Report Abuse

5555.. that lonely promoter coming out again.. price sure kaput further.. see you@0.5

Posted by robrob121212 > 2 weeks ago | Report Abuse

wait at 5 cents low can get lower the LOWEST

Posted by jinxstock20 > 2 weeks ago | Report Abuse

Darn it ... will it continue to fall or 74.5 is the bottom price?

Posted by kl_guy > 2 weeks ago | Report Abuse

better wait for spoon shape chart or chart show lower high , only pick up.

Posted by Plantermen > 2 weeks ago | Report Abuse

Doesn't look good. LCtitan need some positive news flow. Alot of bad news forth coming. Head office LOTTE CHEMICAL facing negative cash crunch doesn't bode well. Market outlook looks depress with high inventories with muted demand. Demand on raw methanol, polyolefins and mono ethylene glycols equally bad

Posted by Markv572421 > 1 week ago | Report Abuse

close company laa 😁

Posted by Nepo > 1 week ago | Report Abuse

Be careful right issues..

Posted by Markv572421 > 1 week ago | Report Abuse

Means ?
Nepo

Be careful right issues..

2 days ago

Posted by Markv572421 > 1 week ago | Report Abuse

Just close the company laa ..why so much stories

Nepo

Be careful right issues..

2 days ago

Posted by jinxstock20 > 1 week ago | Report Abuse

Got right issue ?

Posted by Nepo > 1 week ago | Report Abuse

No right issues at the moment.
But if co persists to incur losses, then most probably Co needs to inject more funds because banks may reluctant to lend money to downtrend biz

Posted by Markv572421 > 1 week ago | Report Abuse

Share price keep dropping ...this company really need to shutdown soon

Posted by beluga > 1 week ago | Report Abuse

Similar to POS , ASTRO and many more ... when you thought below RM1 is "cheap"... then 0.80 ... then 0.50... then 0.30.... then 0.20 .... Complete disbelief

Posted by SuperA > 1 week ago | Report Abuse

Officially, the name of LCTITAN will change to TITANIC because it sank like the Titanic. Even though now changed the CEO, the situation will remain the same. MAKING LOST LOST LOST every quarter.

Posted by jinxstock20 > 1 week ago | Report Abuse

Making billions of MYR per quarter, but still in the red. Harsh ...

Posted by EngineeringProfit > 3 days ago | Report Abuse

yes, no future

Markv572421

Share price keep dropping ...this company really need to shutdown soon

Posted by flexibt > 3 days ago | Report Abuse

Lotte to Slash Chemical Investments by 90%, Sell Assets, Exit Unprofitable Duty-free Shops..... poor parent

Posted by Sslee > 3 days ago | Report Abuse

It like korean car now had to compete with China car.
Can you see the future for korean car?

Posted by Albukhary > 3 days ago | Report Abuse

LCTITAN NTA is still RM4.XX.
Assume if Petronas bought it at 60% discount below book value, that would be RM2.00.
For Korean Lotte cut loss at 60% losses (better than current unrealised loss of 80-90%), and they can get back their money to solve their parent company.
Minority investor who invest below RM1.00, are happy to accept this offer at 100% gain.
Petronas also happy to acquired an asset at 60% discount, and it can help petronas to expand its business empire.

Posted by Sslee > 3 days ago | Report Abuse

Pchem has an upcoming bigger plant in PPC that going to drag down its profit.
So do you think Pchem has a stomach for another similar plant?

Maybank Investment Bank, which now has the second-lowest target price for the stock at RM3.82, flagged that the inclusion of losses from its Pengerang Petrochemical Company Sdn Bhd (PPC) would lead to a profit contraction for Petronas Chemicals in 2025 even as overall product spreads improve.

Posted by EngineeringProfit > 3 days ago | Report Abuse

yes, not good to bet here. Invest other counters

Posted by beluga > 3 days ago | Report Abuse

https://www.businesskorea.co.kr/news/articleView.html?idxno=230704

https://www.businesskorea.co.kr/news/articleView.html?idxno=231081

Posted by jinxstock20 > 3 days ago | Report Abuse

This will affect Lotte company badly ...

https://thesun.my/world-news/south-korea-martial-law-fallout-deepens-as-prosecutors-close-in-on-president-ex-defence-minister-DG13400074#google_vignette