Posted by sunztzhe > 2019-07-19 22:13 | Report Abuse

LCTITAN is in a long cycle industry but Asia continent will continue to grow and
buying opportunity emerges during cyclical donturn

Posted by signalmw > 2019-07-20 19:36 | Report Abuse

Now start dropping。 QR not good

Posted by tnang > 2019-07-22 11:47 | Report Abuse

kambing

Posted by signalmw > 2019-07-22 12:09 | Report Abuse

Tp 2... U talk bad tp then will fly

Posted by SamuelLuke > 2019-07-22 13:23 | Report Abuse

Everybody talk bad I do too....cibet pchem NTA 3.71 now price 7plus ofcos being write down la...LCtitan NTA about 5.23 nabeh till now nvr go up price already 2.8 still can go down for sure TP2!!! Once reach TP2 I sailang

Posted by Chewchear > 2019-07-22 16:19 | Report Abuse

Trade petrochemical look at its commodities price movement & outlook, also supply/demand rather than its fundamental.
Global markets head into the second half of the year with prices under pressure from ample supply and increased production capacity.

Posted by Harold Huong > 2019-07-23 13:45 | Report Abuse

result end of the month, ready to move up and move down

Posted by Chewchear > 2019-07-24 10:36 | Report Abuse

Weak ASP to dent earnings.
Although the persistently weak petrochemical prices since last year-end will continue to compress spread, the decline rate had somewhat tapered off recently. Even then, there is still no sign of price recovery any time this year given the US-China trade spat which has taken its toll on ASP as demand lags supply and worsened by high inventories and weaker demand both in China.

https://klse.i3investor.com/blogs/kenangaresearch/216524.jsp

Posted by Jiahui Foo > 2019-07-24 11:51 | Report Abuse

Still remember wat happen after ex-date of 17 sen generous dividend ?

Posted by signalmw > 2019-07-24 20:39 | Report Abuse

Tp 2

Posted by billionchew > 2019-07-26 16:05 | Report Abuse

break year low again.

Posted by Newbieinshare > 2019-07-26 18:04 | Report Abuse

Buy more

Posted by Savusavu > 2019-07-26 22:21 | Report Abuse

slowly creeping to my bus stop

Posted by tuapuikia > 2019-07-27 01:00 | Report Abuse

what happens to this stock?

Posted by Pen6 > 2019-07-27 11:34 | Report Abuse

去荷兰吗 咁都吾識 吃包啦

Posted by signalmw > 2019-07-28 17:40 | Report Abuse

Bec tp 2..haha

Posted by Kayme > 2019-07-29 10:00 | Report Abuse

Petrochemicals 28 Jul 2019 | 07:53 UTC Dubai

SABIC Q2 net profit plunges 68% on lower petrochemical prices

Dubai — SABIC, the petrochemical producer that is being acquired by Saudi Aramco, posted a 68.4% year-on-year plunge in second quarter net profit to Riyals 2.12 billion ($565 million) as petrochemical prices fell and new supply was added.

"The slowdown in global GDP growth coincides with a decline in petrochemical prices due to a significant increase in new supply capacity resulting in lower product prices and margins in key product lines," Yousef al-Benyan, vice chairman and CEO of SABIC, said Sunday in a statement to the Saudi stock exchange where its shares are traded.

"The new capacities in key products lines that pressured SABIC's product prices and margins in the first half of 2019 are expected to continue to impact the company's earnings in the second half of 2019."

Second quarter revenue fell 17% year-on-year to Riyal 35.87 billion. Some of the products that suffered from weak prices include mono ethyl glycol, whose prices in the second quarter were the lowest since 2009, SABIC said.

SABIC, the Middle East's biggest petrochemical producer, said last week it had called off talks to form a joint venture with European specialty chemicals producer Clariant due to current "unfavorable" market conditions. SABIC, the top shareholder in Clariant with a 24.99% stake, signed a memorandum of understanding in September 2018 to combine SABIC's specialties business with the Swiss company's additives and high value masterbatch offerings.

State-owned Saudi Aramco agreed earlier in 2019 to acquire 70% of SABIC from the country's sovereign wealth fund for $69 billion as part of plans to expand its petrochemicals portfolio. Both Saudi Aramco and SABIC are boosting their petrochemical footprint and inking agreements within and outside the Gulf state to gain access to feedstock and get closer to their customers.

ExxonMobil and SABIC had announced in June that they are going ahead with a newbuild petrochemical complex in Texas, after having received all necessary permits and approvals.

Posted by Jiahui Foo > 2019-07-31 09:40 | Report Abuse

Everything oso good here, except share price !

Posted by Kepo Chuan > 2019-07-31 10:25 | Report Abuse

Qr come out today??

Posted by soon9913 > 2019-07-31 12:31 | Report Abuse

if the QR is coming out today and base on this price, result would not be good I guess

Posted by Ncm88 > 2019-07-31 12:33 | Report Abuse

Delisted soon !!

Posted by Newbieinshare > 2019-07-31 13:04 | Report Abuse

Qr out!

Posted by 1536373271 > 2019-07-31 13:10 | Report Abuse

buy lo

Posted by Patrick13 > 2019-07-31 13:27 | Report Abuse

QR improved compared with preceding quarter.
Plant utilization rate is good as well.

Posted by signalmw > 2019-07-31 13:28 | Report Abuse

Buy Lo price dropping lowest

Posted by jaywec > 2019-07-31 13:34 | Report Abuse

Yoy still not promising. Not sure how far down it'll go.

Posted by Jeffreyteck > 2019-07-31 15:34 | Report Abuse

Forever giving excuses but bod and management all kaya already. Saved 60%. Thanks god never trust the management and IBs .

Posted by Jiahui Foo > 2019-07-31 15:59 | Report Abuse

Earning squeezed....... 2 can in lah!!!

Posted by Choivo Capital > 2019-07-31 16:46 | Report Abuse

Tripled my position.

Posted by Outliar > 2019-07-31 16:56 | Report Abuse

Go triple your position in Petron instead, going below 6 now

Posted by gsi723 > 2019-07-31 19:07 | Report Abuse

QR improved in 2 consecutive quarter

Posted by shpg22 > 2019-07-31 19:59 | Report Abuse

Downgrade further to 2.50. Ipo 6.50, kaya boss

Posted by T800Terminator > 2019-07-31 20:02 | Report Abuse

Really worth 2.50?

Posted by Keyman188 > 2019-07-31 21:04 | Report Abuse

Lotte Chemical Titan 2Q net profit drops as pricing pressure from US-China trade war, sluggish global growth continues

KUALA LUMPUR (July 31): Lotte Chemical Titan Holding Bhd's (LCT) net profit fell for a fourth consecutive quarter in the three months ended June 30, 2019 (2QFY19), due to margin squeeze resulting from a fall in product selling prices.

One of the world's largest polyolefin producers said the lower selling price was mainly due to a diversion of polyolefin supply from the US to Southeast Asia as a consequence of the US-China trade war, as well as softening of global economic growth.

The group's quarterly net profit declined 66.7% to RM104.85 million from RM315.03 million in 2QFY18. This resulted in a lower earnings per share of 4.61 sen for 2QFY19 compared with 13.86 sen for 2QFY18.

In a filing with Bursa Malaysia today, LCT said other factors contributing to the lower quarterly earnings included higher distribution expenses, lower foreign exchange gain by RM38.3 million and share of loss from associates.

"Share of result from associates reduced by RM 19.9 million. This is mainly due to loss on fair value changes in interest rate swap entered by Lotte Chemical USA Corp and borrowing costs incurred for project financing," it explained.

"Effective tax rate also increased from 12% to 24% as a consequence of no further reinvestment allowance claimable," it added.

Revenue for the current quarter also saw a 6.5% dip to RM2.13 billion from RM2.28 billion a year ago, which LCT blamed on the fall in average product selling price.

This was partially offset by the increase in sales volume, which was driven by improvement in production quantity compared with 2QFY18.

LCT said overall production quantity increased due to commissioning of new PP3 plant in 3QFY18, while average plant utilisation rate improved to 89% in 2QFY19 compaed with 82% a year ago.

The weak quarterly performance pulled down the group's net profit for the cumulative six months ended June 30, 2019 (1HFY19) by 71.3% to RM160.68 million from RM559.22 million a year ago, while revenue fell 4.3% to RM4.3 billion from RM4.49 billion in 1HFY18.

Going forward, LCT warned that the results of its operations for the full financial year ending Dec 31, 2019 are expected to be primarily influenced by the demand and supply balance of petrochemical products in the market, as well as its ability to maximise production outputs and operational efficiency.

Another factor is the movement of feedstock prices, which are correlated to crude oil prices.

"Crude oil price, has been very volatile since beginning of the year, as a consequence of continued production cuts by the Organization of the Petroleum Exporting Countries and Russia. This will have an impact on the price of naphtha, which is our main feedstock," said LCT.

Domestically, it noted that new additional capacities are expected to create short to medium-term supply and demand imbalances. "The additional supply is expected to be gradually absorbed by the high consumption growth in Asia."

It also expects economic environment to remain challenging with the unresolved global trade tensions.

"Despite slowing of global economic activities, emerging markets and Asia, our key sales market, are expected to sustain their growth momentum for remaining of 2019," it added. 

Nevertheless, LCT president and CEO Dr Lee Dong Woo said the petrochemical market is a long-term play.

"The industry as a whole is bracing for a very challenging period amidst various global market uncertainties. Our company is expected to ride through current market down-cycle given our healthy financial position,” he said in a separate statement.

On its expansion plan in Indonesia, Lee said its Lotte Chemical Indonesia New Ethylene (LINE) project has completed the front-end engineering design study in 4Q 2018, with a final feasibility study to be completed in 1Q 2019.

"The configuration and specification of the project have been determined. Currently, the appropriate project structure and funding are undergoing final review. Work for land preparation on project site has started and the company expects the project tendering and construction to commence by end 2019 or early 2020," he said.

The petrochemical facility with a nameplate capacity of one million tonne of ethylene per year and other value-added downstream derivatives will significantly increase LCT's production capacity upon completion by 2023.

Posted by Keyman188 > 2019-07-31 21:04 | Report Abuse

Unexpected Q2 performance better than Q1 performance....

Posted by cheoky > 2019-07-31 21:19 | Report Abuse

Lanjiao stock.

Posted by cheoky > 2019-07-31 21:21 | Report Abuse

Consistently disappointing results. Cyclical biz cyc until cow forgot to come home

Posted by Choivo Capital > 2019-08-01 00:42 | Report Abuse

Outliar, petron close to max position already at 15%.

This one, triple to 3%. Haha.

Im looking alot more at foreign stocks now.

Posted by Sneakpeek > 2019-08-01 09:13 | Report Abuse

Everyday lowest...better stay out first..let it drop more and wait atvthe bottom

Posted by Outliar > 2019-08-01 09:50 | Report Abuse

Choivo boy, tell me you don’t top up if Petron goes down to 2 ringgit

Posted by kasinathan > 2019-08-01 10:12 | Report Abuse

Rm2. 00 is coming. Next quarter might be in red result with 90% certainty.

Posted by kasinathan > 2019-08-01 10:14 | Report Abuse

The competitors has recorded red colour in Indonesia with weaken prospects in the industry until 2021

Posted by Choivo Capital > 2019-08-01 10:14 | Report Abuse

Outliar. By then of course i will, assuming no change in fundamentals.

Posted by kasinathan > 2019-08-01 10:17 | Report Abuse

When the coming outlooks are weaken than now, the share price will follow suit....no reason not to....

Rm2. Is coming. Track my word

Posted by kasinathan > 2019-08-01 10:20 | Report Abuse

When the industry is facing glut and entangled with cut throat competition, the bigger the player, the bigger loss is expected to occur

Posted by Jiahui Foo > 2019-08-01 11:06 | Report Abuse

Ghost mth coming.......

Posted by 7300 > 2019-08-01 11:42 | Report Abuse

same shoes door,no lowest only lowers to come , where got kakna swee kai tiew ,

Posted by Choivo Capital > 2019-08-01 15:27 | Report Abuse

Huatexpert,

Also need to do maintenance capex. Their plant is not exactly young.

Posted by billionchew > 2019-08-01 15:48 | Report Abuse

break year low again.

Posted by apolloang > 2019-08-01 15:50 | Report Abuse

why not privatise at 2.50 and save more? hehe