LOTTE CHEMICAL TITAN HOLDING BERHAD

KLSE (MYR): LCTITAN (5284)

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Last Price

1.59

Today's Change

-0.04 (2.45%)

Day's Change

1.58 - 1.64

Trading Volume

594,500


14 people like this.

12,294 comment(s). Last comment by shortinvestor77 6 hours ago

Posted by software guy > 2 months ago | Report Abuse

Low oil price should be favour to LCTITAN, but RSS gang has not bought back yet....RSS% is still 0.14%.

Posted by Jonathan Keung > 2 months ago | Report Abuse

Lctitan hardly moved. .prices slowly slipping & inching lower vs gung ho Petrochemical .

SandCoffee

113 posts

Posted by SandCoffee > 2 months ago | Report Abuse

As you wish, Lctitan price up today. hahaha

SandCoffee

113 posts

Posted by SandCoffee > 2 months ago | Report Abuse

The QR result will be released by next week. Hopefully the profit is good :)

Posted by birkincollector > 2 months ago | Report Abuse

lol bomb

Posted by Sebastian Power > 2 months ago | Report Abuse

cantek! ada chance beli 1.3-1.4

SandCoffee

113 posts

Posted by SandCoffee > 1 month ago | Report Abuse

Indeed a disappointing result. 50m loss + 90m write down inventory to NRV.

SincereStock

1,335 posts

Posted by SincereStock > 1 month ago | Report Abuse

SOLD all at 1.93 open price cut queue, fundamental no longer in tact

Posted by Jonathan Keung > 1 month ago | Report Abuse

Yes. 2nd Qtr result bad and technicals trending lower

Posted by DividendGuy67 > 1 month ago | Report Abuse

The company cash position has changed badly. After earmarking for substantial spending in LINE project, remaining cash will drop to RM0.9 billion. With negative earnings, the high dividends may be suspended. For dividend investors like me, this is very bad news. Today 1.9 was a support (despite intraday breach), but downtrend is unmistakeable. The hope is the company investing in its business will one day generate larger profits but risks are high. Holding and forgetting.

SandCoffee

113 posts

Posted by SandCoffee > 1 month ago | Report Abuse

The Company cash position is still good as well as fundamentally still okay. They have been reserving the IPO cash for the purpose of expanding their business.

Posted by WinBigOrLoseAll > 1 month ago | Report Abuse

slowly building the profile, now is very good timing to collect low.
after the oil price is normalized LCTITAN will return as king and we will win BIG

Posted by kokchengkai > 1 month ago | Report Abuse

oil is hard to back to normal like usd 60 usd 70 ,coz WAR is arround n tension everyway. in this situation oil n gas company difficult put more Capex to develope it .

Posted by WinBigOrLoseAll > 1 month ago | Report Abuse

i stick to my own strategy, just collect little bit with every drop.
no one can 100% predict the lowest price, but i view LCTITAN is a very strong and good company. it will return swiftly once the oil price drops back to usd60 level which none can tell when it gonna happen.
one key event is the war ending, once this war is ended LCTITAN will be greatly benefited and there could be panic buy by then

Posted by DividendGuy67 > 1 month ago | Report Abuse

Beware company’s negative earnings. If it doesn’t turnaround soon and if it keeps losing monies, then this stock can tank further. Don’t catch a falling knife.

Posted by Jonathan Keung > 1 month ago | Report Abuse

borrowings in USD is a drag on the company balanced sheet. rates in the US is expected to spike up over the next 2-3 qtrs a so called technical recession. USD strength has risen from a low of 3.8 -3.9 MYR to current 4.5 -4.6MYR with renew vigour. This is bad for any company that borrows in USD

Posted by shortinvestor77 > 1 month ago | Report Abuse

This is a net cash company. Full of cash.

Posted by Jonathan Keung > 1 month ago | Report Abuse

Lctitan Indonesia Petrochemical integrated project is estimated to cost between RM 18 billion - 20 billion { LINE } to be completed by 2025/2026. In Indonesia funding is in USD not MYR

Posted by The_JQuestion > 1 month ago | Report Abuse

good stock definitely will collect .... watch list now !!

Posted by investortrader88 > 1 month ago | Report Abuse

Top up some tickets at RM1.80.good luck guys.

Stevenkim

100 posts

Posted by Stevenkim > 1 month ago | Report Abuse

No hope punya stock

Plantermen

1,788 posts

Posted by Plantermen > 1 month ago | Report Abuse

LCTITAN price unstable and started trending lower and lower over the past few days. Chart wise critical support is pegged at 1.75-1.76.

Nepo

2,506 posts

Posted by Nepo > 1 month ago | Report Abuse

Don't hurry to buy in @ RM 1.77. Definitely not bottom yet..

Posted by jinxstock20 > 1 month ago | Report Abuse

Keep on discount. Time to buy more

Jnlee

207 posts

Posted by Jnlee > 1 month ago | Report Abuse

How much can go down again?

aliyusof

1,390 posts

Posted by aliyusof > 1 month ago | Report Abuse

Down bit by bit like this, 1.50 not impossible.....

Posted by shortinvestor77 > 1 month ago | Report Abuse

Yes. 1.50

Posted by WAFFY1987 > 1 month ago | Report Abuse

loss confidence for this stock..they also got restrain order

Nepo

2,506 posts

Posted by Nepo > 1 month ago | Report Abuse

buy Pchem better than this stk

aliyusof

1,390 posts

Posted by aliyusof > 1 month ago | Report Abuse

Their cash will be slowly reduced and used for construction of their new plant in Indonesia. Don't hope for big dividend like before.

Posted by shortinvestor77 > 1 month ago | Report Abuse

Don't need to hope. They follow their dividend policy and never miss.

Plantermen

1,788 posts

Posted by Plantermen > 1 month ago | Report Abuse

LC titan 2nd qtr result ending 30Jun was a big disaster (-193 million losses before tax}. dividend pay out will be impacted if coming 3rd qtr again turn negative. Not a sell call but be cautious and do your own research

Posted by shortinvestor77 > 1 month ago | Report Abuse

Why so early to judge 3rd Q result? Look at their past records for your own research.

Eric Lim

414 posts

Posted by Eric Lim > 1 month ago | Report Abuse

Don't put high hope on getting dividend, they are listed to get your money to build their factories, not to pay dividend to you

Posted by shortinvestor77 > 4 weeks ago | Report Abuse

I have never force them to pay me the dividend and it is their willingness to share profits according to their willing set dividend policy. How many counters in Bursa are willing to share their profit and set up a dividend policy? You ? ha Ha Ha!

Posted by shortinvestor77 > 4 weeks ago | Report Abuse

Companies are listed to expand their business with the help of investors.

stockraider

30,487 posts

Posted by stockraider > 4 weeks ago | Report Abuse

Very true loh!

Hengyuan do not like to share their profit with minority shareholders loh!

Posted by shortinvestor77 > 36 seconds ago | Report Abuse

I have never force them to pay me the dividend and it is their willingness to share profits according to their willing set dividend policy. How many counters in Bursa are willing to share their profit and set up a dividend policy? You ? ha Ha Ha!

Markv572421

2,345 posts

Posted by Markv572421 > 3 weeks ago | Report Abuse

Boring LCtitan counter ...no use !!!

swimvshark

117 posts

Posted by swimvshark > 3 weeks ago | Report Abuse

finally 1.6 coming . congrats

Posted by shortinvestor77 > 3 weeks ago | Report Abuse

1.5 is better. Can buy more.

Posted by DividendGuy67 > 2 weeks ago | Report Abuse

Given the large loss, plus Indonesia commitment, they will stop paying dividends this year and likely next year too. Dividend investors may have to wait for a long time. Past dividends is not a good indicator of future dividends anymore.

Johnzhang

2,648 posts

Posted by Johnzhang > 2 weeks ago | Report Abuse

The petrochemical business faces headwinds when global economy is slowing. Demand is down and hence selling price is pressured

DuitGeli2

427 posts

Posted by DuitGeli2 > 1 week ago | Report Abuse

Test

Posted by i_d0tc0m > 6 days ago | Report Abuse

so cheap

Posted by Jonathan Keung > 6 days ago | Report Abuse

The spike in the USD against asian currency is bad for Indonesia and Malaysia. Imagine borrowing the USD at 3.8 now the rate has spike up to 4.6. repaying costs much higher

Plantermen

1,788 posts

Posted by Plantermen > 4 days ago | Report Abuse

Coming next quarter result announcement in Oct. Hopefully operations & financial not hit by multiple rate hike and high usd

Posted by DividendGuy67 > 1 day ago | Report Abuse

Next quarter likely to be bad. Soonest turnaround MAYBE next year. This one can keep making new lows for many more months. No accumulation in sight yet.

Posted by ageetkumar > 10 hours ago | Report Abuse

Wouldn't high USD benefit LCtitan? Their revenues as 100% in USD while expenses are a mixture of USD and local currency

Posted by shortinvestor77 > 6 hours ago | Report Abuse

Yes

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