honestly, enter now. look back at the graphs in the 2016 drop and compare it against other petrochemical producers like Pchem, LG Chem, Dow. You know the drop in oil price will reflect in the share price.
This is damn cheap. No doubt there will be shake up in the industry but this company will definitely ride thru with flying colors, supporting, is its very solid balance sheet.
This is the only company I can sleep well. no borrowing, high cash, top 30 players in industry worldwide ( Lotte Chemical group ), low PE and got dividend. And they have shown to be able to sit on cash too, a lot of ppl cannot be conservative and sit on cash. must spend. And oil price drop from 65 USD to current price ? margins will be coming up even though u say demand might drop.
Chinese polypropylene prices surged 35% on the week at Yuan 8,600/mt ex-works for raffia grade Monday on reduced raffia supply and stronger fiber-grade demand for making masks. The prices corrected Yuan 350/mt day on day at Yuan 8,250/mt ex-works Tuesday after the government announced strict quality and price controls amid rising demand.
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Posted by deadchicken > 2020-04-14 15:14 | Report Abuse
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