Posted by Jiahui Foo > 2019-08-01 15:51 | Report Abuse

OMG.......2.80 broken!

Posted by Vincent_8316 > 2019-08-01 15:56 | Report Abuse

no hope lar these counter.....
RM 1.++ just matter of time...

Posted by apolloang > 2019-08-01 16:02 | Report Abuse

no lah maybe just like the old TITAN privatise at 2.35? old and new same privatise price? hehe

Posted by 7300 > 2019-08-01 16:03 | Report Abuse

no need see acc if got so good edi privatise months ago fot this price offered

Posted by soon9913 > 2019-08-01 18:25 | Report Abuse

2.5 soon

Posted by soon9913 > 2019-08-01 18:26 | Report Abuse

no good news, share price is hard to sustain

Posted by Chewchear > 2019-08-01 23:37 | Report Abuse

TA Security downgrade LCTitan to RM2.4 with sell call.....

https://www.enanyang.my/news/20190801/e%e5%8d%97%e6%b4%8b%e8%a1%8c%e5%ae%b6%e8%ae%ba%e8%82%a1-2019%c2%b708%c2%b701/

https://www.enanyang.my/news/20190801/%e4%b9%90%e5%a4%a9%e5%a4%a7%e8%85%be%e5%8c%96%e5%ad%a6-br3%e5%b9%b4%e8%b4%a2%e6%b5%8b%e9%81%ad%e7%a0%8d/

Posted by gsi723 > 2019-08-01 23:53 | Report Abuse

10m > 50m > 100m.... yet, the price drop much more than a loss making company

Posted by 1536373271 > 2019-08-02 08:59 | Report Abuse

actually lotte can declare special dividen...pay back 2.5 billion...the big shareholder can privatise without pay single cent

Posted by Jiahui Foo > 2019-08-02 09:03 | Report Abuse

Like water fall........

Posted by chshzhd > 2019-08-02 09:33 | Report Abuse

buy:)

Posted by billionchew > 2019-08-02 09:34 | Report Abuse

break year low again...

Posted by Airline Bobby > 2019-08-02 10:05 | Report Abuse

This counter still new... Want to expect privatisation... U funny hahahaha

Posted by 7300 > 2019-08-02 10:13 | Report Abuse

privatise at 1.64 who knows

Posted by apolloang > 2019-08-02 10:14 | Report Abuse

1.64 no way lah maybe 2.35 just like old TITAN price....hehe

Posted by shpg22 > 2019-08-02 10:36 | Report Abuse

Amah apah... Wat happen to LCTITAN?

Posted by Choivo Capital > 2019-08-02 10:41 | Report Abuse

Despite my best efforts, i seem to rarely be able to buy the bottom. Hahaha

Posted by signalmw > 2019-08-02 16:28 | Report Abuse

Tp 2 salang

Posted by shpg22 > 2019-08-02 17:40 | Report Abuse

Trade war & Armageddon coming...sell. TP 1.85

Posted by No right Nor wrong Only to Win > 2019-08-02 22:08 | Report Abuse

If, hit 1.86
Close Both Eye Sapu ?

Posted by ks55 > 2019-08-02 22:23 | Report Abuse

Q1 makes 2.46 sen. Annualized is 9.84 sen.
PE 10, fair price 98.5 sen.
PE 15, fair price is 148 sen.
PE 20, fair price 197 sen.
PE 25, fair price 246 sen.

So what do you pick? PE 15? PE 25?

If you take into consideration dividend 17 sen.
Times cover? Negative man!
Not prudent way to pay out more than what you earn!
Not sustainable.

Crude oil is on the way up.
Unless can get better selling price, profit margin will squeeze further.
Play safe, buy at PE 12 to 15.
You may see PE deteriorate next quarter............

Posted by chshzhd > 2019-08-02 23:04 | Report Abuse

pe may deteriorate...but profit may recover too...both are possible... who knows? if u think this is a good company n possible to recover + grow in middle to long term play...why not?

Posted by 7300 > 2019-08-02 23:36 | Report Abuse

now japan n us joint force to bully,if persist very fast 1.64,safe target about at pe 13,agree with ks55 ,old ginger sharp

Posted by ongth60 > 2019-08-03 10:02 | Report Abuse

Petronas Chemicals Group Bhd (PetChem) is expected to start up its PE and PP plants by the fourth quarter of 2019. PetChem will commission its 900,000 tonnes per annum (tpa) PP plant, which will add to LCT’s 640,000 tpa PP plant, upon which LCT will see its market share of PP production capacity in Malaysia decline from 100% (monopoly status) to 42%.

LCT’s market share of PE production capacity in Malaysia will also decline from 50% currently (with PetChem taking the other 50%) to 30%, once PetChem commissions its 350,000 tpa linear low-density polyethylene plant and 400 tpa flexi-high density polyethylene plant at Pengerang, Johor.

We expect the increase in production capacity to be in excess of Malaysia’s domestic demand, triggering price competition between LCT and PetChem for domestic and export sales, particularly to regional markets like Indonesia.

Posted by Kayme > 2019-08-03 16:30 | Report Abuse

Petrochemicals 02 Aug 2019 | 20:51 UTC Houston

New $300 billion in US tariffs on China products would impact many chemicals, plastics

Author Kristen Hays Editor Richard Rubin Commodity Petrochemicals Topic The Trump Administration, US-China Trade Tension

Houston — President Donald Trump's latest escalation in the US-China trade war targets 10% tariffs on all Chinese imports that do not yet face such taxes, including a wide array of petrochemical-reliant finished plastics and products.

Among the $300 billion in targeted Chinese products are smartphones, laptops, toys, toilet seats, mustard and ketchup dispensers, plastic dishes and trays, picture frames, statuettes, beads and a catch-all category of "other articles of plastics," according to the proposed list on the Office of the United States Trade Representative's website.

Other produces include items made with vulcanized rubber, which has been treated to be flexible and resistant to heat, such as conveyor belts and hoses, medical gloves and pet toys.

Other petrochemical-heavy products on the list include polyester yarns and fabrics, travel hygiene sets, crayons, combs and hair pins, dental floss, fireworks, de-icing fluids, wallpaper and shoes with rubber soles.

On Friday, a day after Trump tweeted his intent to impose the new tariffs on September 1 as recent talks with China failed to produce a trade deal, Hua Chunying, spokeswoman for China's foreign ministry, said China would "take necessary countermeasures" to protect its interests.

"China believes there is no winner in a trade war. We do not want a trade war, but we are not afraid of fighting one," she said in comments posted on the ministry's website Friday. "China does not accept any maximum pressure, threat or blackmail."

The trade war already has affected the US petrochemical industry. Last year the US imposed tariffs on $250 billion in Chinese products, and China responded with $110 billion in tariffs on US goods. In the petrochemical sphere, US tariffs have targeted both raw materials and products made with them, while Chinese tariffs targeted hundreds of raw materials used to make plastics, rubber and other materials.

The American Chemistry Council has strongly opposed tariffs, saying the trade war could jeopardize the US' growing status as a global supplier with more than $200 billion in new chemical infrastructure that aims to export most output to Asia, with China easily the most dominant demand market.

As was the case ahead of the third round of tariffs the US imposed on Chinese products last year, the US likely will see a surge of imports at the peak of shipping season as companies seek to pre-empt the additional costs, according to supply chain research firm Panjiva Research. Peak shipping for toys and videogames is in October for Christmas shopping season, while peak shipping for laptops hits twice: August for back-to-school sales, and November depending on model release schedules, Panjiva said.

Panjiva, like S&P Global Platts, is a division of S&P Global.

In June, the USTR received more than 2,800 public comments from companies, organizations and citizens on the $300 billion in products targeted for new tariffs.

Bert Eshaghpour, president of Wego Chemical Group, a family business that imports specialty chemicals from China for domestic distribution, said in June that previous petrochemical tariffs have already impacted costs and supply chains in the US. More chemicals on the proposed $300 billion list are manufactured only in China, he said. Those include chemicals used in automotive, food, paper and construction industries.

"There are no other choices or alternatives," Eshaghpour said in a letter to the US Trade Representative Robert Lighthizer.

In another such letter to Lighthizer, Stanley Bernard, vice president of growth and development at Drexel Chemical Company, a Tennessee pesticide manufacturer, said US agriculture's four most widely used pesticide ingredients are on the proposed $300 billion list and are not made in the US.

"Drexel and the small farmers who use our generic crop protection products cannot withstand the addition" of tariffs "on our most important products - products for which we have no domestic supply," Bernard wrote.

Posted by ValarCuniasia > 2019-08-03 17:33 | Report Abuse

Dai dai dai die die die si si si IPO until now lose kao pokai

Posted by bubu > 2019-08-03 17:59 | Report Abuse

这班分析员终于调低目标价致卖出了

Posted by Michael Kwok > 2019-08-03 18:02 | Report Abuse

Please if there something wrong,please cut loss and go.Share market is like that.If oneself feel there will loss,just cut loss.

Posted by lkoky > 2019-08-03 18:29 | Report Abuse

ipo 6.5....
haiz, pity all those funds

Posted by bubu > 2019-08-03 18:35 | Report Abuse

Pity? Epf is one of their corner stone investor

Posted by Jiahui Foo > 2019-08-04 21:30 | Report Abuse

TA tp so low..........

Posted by 7300 > 2019-08-04 23:20 | Report Abuse

kayme,spot on....bottomless lows coming

Posted by 7300 > 2019-08-04 23:25 | Report Abuse

just came out QR already edi this low,next QR come out too late again to cut

Posted by billionchew > 2019-08-05 09:28 | Report Abuse

break year low again.

Posted by Jiahui Foo > 2019-08-05 09:36 | Report Abuse

Press to 2, privatized at 2.50, everybody cheering..........

Posted by 7300 > 2019-08-05 09:41 | Report Abuse

kopi tiam blow water come 1.64

Posted by billionchew > 2019-08-05 17:12 | Report Abuse

today's year low is 2.65
tomorrow will break year low again.

Posted by lching > 2019-08-05 17:24 | Report Abuse

year low is nothing cause many stocks already year low. you should have said historical low to attract people...:)

Posted by Jiahui Foo > 2019-08-05 17:46 | Report Abuse

Like nearly expired biscuit warehouse sales lah?? :-)

Posted by chl1989 > 2019-08-06 00:17 | Report Abuse

below 2 la. petchem producers are screwed :)

Posted by bubu > 2019-08-06 00:52 | Report Abuse

再不止损就来不急咯

Posted by bubu > 2019-08-06 00:54 | Report Abuse

趁还在杭州就好下船，不然到了荷兰只可以说byebye了

Posted by Jiahui Foo > 2019-08-06 06:13 | Report Abuse

Previously IB tp 2.90, everybody laugh ridiculous, before this IB tp 2.40, ppl say not make sense, now everyone get serious, any further down in tp again......!?!?

Posted by ESHARES > 2019-08-06 07:34 | Report Abuse

Luckily off load @ 4+, thanks BIMB tp 2.90 early warning!

Posted by Jiahui Foo > 2019-08-06 08:32 | Report Abuse

Today challenge TA tp 2.40.......

Posted by billionchew > 2019-08-06 09:19 | Report Abuse

today break year low again.

Posted by Junichiro > 2019-08-06 09:33 | Report Abuse

Allowing a country's currency to move according to market forces without intervention is manipulating ??

Posted by 7300 > 2019-08-06 20:20 | Report Abuse

every sure got today

Posted by shpg22 > 2019-08-07 00:49 | Report Abuse

Wow...more hot news from the plant....never ending

Posted by Kayme > 2019-08-07 01:48 | Report Abuse

Petrochemicals 05 Aug 2019 | 09:00 UTC Singapore

Asia petrochemicals outlook, w/c August 5

The Asian petrochemical markets this week will continue to be pressured by the US president's announcement to impose 10% tariff on another $300 billion worth of Chinese goods, effective September 1.

The depreciation of the Chinese yuan against the US dollar, both offshore and on shore, which tracked the escalation in US-China trade tensions, may further impact petrochemical products and weaken buyers' interest for imported materials.

AROMATICS
Sentiment in the Asian paraxylene market may turn bearish this week after the US announced it will impose tariffs on additional Chinese goods. Traders said there would be little support for PX prices downstream after last week's August PX Asian contract price negotiations failed to result in a settlement. The PX/MX spread would likely continue to narrow this week as the recent strength in Northeast Asian gasoline was curtailing MX spot supply. Domestic MX prices in China were heard to be firming up due to demand from PX producers or gasoline blenders.

Asian benzene is likely to firm this week, with the South Korean market likely to be tight in September as a major South Korean producer is scheduled to undergo maintenance, where a loss of around 58,000 mt of benzene is expected. Nevertheless, little change is expected for FOB Korea demand due to the open South Korea-US arbitrage window. Recent plant troubles and delayed shipments in Southeast Asia may keep supplies in the region tight in September. On the demand front, end-users will likely be more keen on buying fixed-price cargoes, while traders eye the falling east China inventories as an opportunity to work the import-domestic arbitrage.

Asian styrene monomer would likely remain bearish this week, pressured by weak demand from downstream markets after the additional tariff announcement. Market sources noted the weakening yuan would likely hamper demand for imported materials.

OLEFINS
The Asian ethylene market is expected to be stable to firm this week as China was reported to be in need of some spot requirement due to the shutdown of a methanol-to-olefins unit for 15 days from the end of July in Jiangsu, China which produces 360,000 mt/year of ethylene. Ethylene supplies from Southeast Asia are also seen to be limited due to steam cracker turnaround season.

The Shandong propylene market is expected to strengthen from a week ago after major producer, Tianjin Bohai Chemical, lowered the operating rate of its PDH plant to 50%-60% since July 30 due to a technical glitch, and will only be fully operational by August 10. The strength in China's domestic propylene price is also lending support to the import market, and South Korean sellers are not willing to depart with their cargoes unless there is at least a $60/mt spread between the CFR China and FOB Korean market.

INTERMEDIATES
Chinese methanol prices are expected to be under pressure this week as China's offshore yuan weakened to slightly over $7 in early Monday trade. Tank top issues and an influx of South American, Trinidad & Tobago and Southeast Asian cargoes will likely compound length in the market. Elsewhere, fundamentals in South Korea and Taiwan are likely to remain bearish until mid-September as traders and end-users grapple with high inventory levels and lackluster demand.

Market sentiment along the whole polyester chain is likely to be bearish this week, amid the escalation of the US-China trade tensions. The $300 billion worth of Chinese goods will include all Chinese textile and apparels exported to the US that have not been imposed a tariff. Asian purified terephthalic acid prices tumbled $10/mt week on week last Friday, while monoethylene glycol prices fell $7/mt CFR China over the same period. In plant news, both China's Tongkun Group Co. Ltd and Ningbo Liwan shut PTA lines with capacities of 1.5 million mt/year and 720,000 mt/year, respectively, end-July, Platts reported previously.

POLYMERS
The global outlook for the polyethylene market is bearish for the remainder of the year due to a combination of weak feedstock costs, weak global demand and anticipated plant start ups, according to market participants. An estimated 4 million-5 million mt of new polyethylene supply is expected to come on line by end December, with 2.9 million mt of it in the US and the rest in Asia.