Dont touch this counter sure 100% loss money, because it is going downtrend soon will see Rm 2.50 and next year will see rm 1.50. All the way to holland.
Is a bad news If Donald Trump involved, China will not buy from US/Lotte, over supply again, then all product flood to Asian, ASP will drop. Any way this year is rough time for LC.
Donald Trump is the most emotional man in the universal. Today fren tmr enermy, see China, North Korea n Iran. If LCTitan didn't hire most lazy Americans, then he will sanction the whole Lotte group. Scared leh?!?
The continuation of the weakness seen during 4Q18, and was the result of poor demand from Chinese factories, and the diversion of US polyolefin exports to Southeast Asia from their traditional market in China due to the imposition of 25% import tariffs by China when the US-China trade war broke out.
The global oversupply of ethylene-based petrochemicals (from US-based capacity additions) and heightened competition from Petronas Chemicals’s Pengerang plants (which may start up in 2020F) as the key downside risks.
From February 2019 onwards, oil prices have staged a rebound, and naphtha prices have followed. While spot product prices have crept up, the increase has not been enough to keep up with rising naphtha prices, hence spot product spreads have declined in Apr from Q1 FY19 averages.
While LCT is partially protected by lagging naphtha inventory costs, 2Q19F earnings are unlikely to be strong. If such conditions continue for the rest of 2Q19F and into 2H19F, earnings estimates are at risk.
Posted by Huatexpert > May 17, 2019 3:47 PM | Report Abuse
Second round trade war negotiation will be even tougher than first round... Trump seem like quite firm on what he want without consider what china feeling. China move back ward due to excessive demand fr Trump....
Fr SCMP today Doubt cast on US Treasury Secretary Steven Mnuchin’s claim that he would return to Beijing to resume negotiations.
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....
windswee88
15 posts
Posted by windswee88 > 2019-05-15 09:05 | Report Abuse
look like very hard to up 17 sen