Posted by BornToSpeculate > 2020-04-17 09:37 | Report Abuse

Dont touch Mah Sing and Ecoworld. Most developers are not doing well and these 2 in particular have high debt and running too many projects at the same time.

Posted by mamatede > 2020-04-17 09:41 | Report Abuse

Lctitan is just being oversold, now indon is a mess. But who care people just being ignorance and goreng2 petrochemicals now. haha ..#I have avoided this since IPO (Best decision ever).

Posted by jackson88 > 2020-04-17 09:47 | Report Abuse

BTS, Mah Sing got RM1.1bil cash (Net cash at 600mil) and dividend 3.35sen (yield 8%). Yes, agree EcoWorld too much debts.

Posted by skyjet > 2020-04-17 09:49 | Report Abuse

OTB buy call LCTITAN?

Posted by jackson88 > 2020-04-17 09:49 | Report Abuse

Sold some LC TiTan just now at RM1.65 ....bought back at RM1.59 just now. Some pocket money

Posted by investortrader88 > 2020-04-17 09:52 | Report Abuse

hi guys.i just bought lctitan just now at RM 1.59.if not mistaken this stock ipo price was RM 6.50.very profitable co.pay good div.petro chem have surged more than RM 1 in short period.i believe this stock will follow the trend.let huat together with Lctitan !

Posted by Titus Kp > 2020-04-17 10:09 | Report Abuse

Heavy resistance at 1.65 o..doubt it can go higher by the end of today..

Posted by BornToSpeculate > 2020-04-17 10:09 | Report Abuse

jackson : u dont analyze just purely like that. you have to look at the type of business. first of all you missed that they have sukuk bonds and other long term borrowings of 1.2b. Remember a 2-3 years ago they were half dead and raise this sukuk bond to save them. Secondly, some of the deposits are due to HDA accounts. I will just tell you that they got crap reputation ( ask your contractor friends ) and most ppl who bought their developments didnt make money over the past 2 years. They are good in managing their financials to keep financiers happy.

Posted by BornToSpeculate > 2020-04-17 10:10 | Report Abuse

If its HDA money, technically they are holding in trust for the development.

Posted by kelvin17 > 2020-04-17 10:22 | Report Abuse

borntospeculate you are wise in all your analysis here , can you advice 1/2 counters that are good to invest for medium to long term . at this current time things are cheap .TQ

Posted by dxbman > 2020-04-17 10:22 | Report Abuse

strong buy before 7% dividend ex-date on 8 May

Posted by BornToSpeculate > 2020-04-17 10:31 | Report Abuse

Kelvin most ppl are going for tech ( vitrox, inari, UWC, Penta, etc ) and gloves which i dont want to. PE is so high and i think its ridiculous.

Almost everything that is moving up everyday has high PE now and no 1 has factored in probably worst earnings for Jan to Mar 20 quarter.

Im also looking for stuff that is reasonably priced with upside. Genting actually can buy and keep coz it will go back up later.

Posted by xterrorsinx > 2020-04-17 10:36 | Report Abuse

Go luxchem or genting

Posted by Totalpackage > 2020-04-17 10:39 | Report Abuse

Pchem up up... it's time to accelerate catch up very soon. Name also is titan mah

Posted by Gemini > 2020-04-17 10:41 | Report Abuse

Going below opening!

Posted by laychee > 2020-04-17 10:41 | Report Abuse

Many stocks can buy now. US futures super green as several companies are announcing potential treatment.

Posted by Dingdongbell > 2020-04-17 10:45 | Report Abuse

Minetech is very hot now

Posted by Gemini > 2020-04-17 10:50 | Report Abuse

I will get what I want next week. I don’t worry about missing 1 round. To me every round is a fresh position.

Posted by deadchicken > 2020-04-17 11:03 | Report Abuse

faster go down to 1.3x...hehe

Posted by Goodtimes > 2020-04-17 11:07 | Report Abuse

Practically all PPE, Mask and Glove high demand raw material from pchem. Low investment with high return base on globally demand.

Posted by kelvin17 > 2020-04-17 11:14 | Report Abuse

TQ borntospecurate , good info

Posted by investorbat > 2020-04-17 11:16 | Report Abuse

latest annual report announced today current asset 6.1b non current asset 7.7b total asset 13.8b current liabilities 0.75b non current liabilities 0.8b total liability 1.58b lctitan $1.60 way under value

Posted by jackson88 > 2020-04-17 11:17 | Report Abuse

BTS, aiya, I didn’t see ur message. I just bought 8,000lots of Mah Sing just now at 43.5sen. Relying on 3.35sen (Dividend yield 8%) to cover my loan (3.6% interest). Anyway, I also have a lot of LC Titan now (2,500 lots). Let’s see which one perform better.

Posted by Gemini > 2020-04-17 11:27 | Report Abuse

Now what price you buy you also kena.

Posted by Gemini > 2020-04-17 11:27 | Report Abuse

Prices up too much too fast market cannot digest.

Posted by deadchicken > 2020-04-17 11:32 | Report Abuse

faster drop to 1.3x let someone buy. if not cannot up.

Posted by BornToSpeculate > 2020-04-17 11:35 | Report Abuse

Huatexpert : 22m is actually about 3% and yest about 5% of free float shares in market. Assuming its 2.3b shares ( and you discount 70% of that coz Lotte Chemical Korea is not going sell shares at this price ), this counter is actually not too bad. Speculators don’t buy this kind of shares la, They go for Hibiscus, Dayang, Etc

And those you need to worry even more about coming QR coz no 1 really knows the impact. For e.g. when oil price was USD 65, Hibiscus was 80-90 cents i think ? Now oil price is USD20-30 and its 48 cents. Don’t forget there is a cost and breakeven for oil extraction. For LCTITAN there demand and production might drop but there is upside already and anyway they will benefit from lower cost due to oil higher selling prices now due to PP.

My take is some local funds are increasing their stake ( most of shares held by funds anyway ) to average their high costs and coz dividend is coming.

Posted by moneyfind > 2020-04-17 11:35 | Report Abuse

Who trap at 1.60 above cry no tears...i told u all,sell ur stock..

Posted by moneyfind > 2020-04-17 11:36 | Report Abuse

Try to Play FIFO or play FIFA?play FIFA get kick lo..

Posted by investorbat > 2020-04-17 11:49 | Report Abuse

will back above 1.60 end of day

Posted by investorbat > 2020-04-17 11:51 | Report Abuse

when foreign fund come back, above $2.

Posted by moneyfind > 2020-04-17 12:15 | Report Abuse

Let me share 1 thing...if u play FIFO,u cant think well...when price drop or up,cant make decission...
But if u understand the FA of company,sure u all will buy at around 1.2++ & waiting to explode...

Posted by gohku > 2020-04-17 12:16 | Report Abuse

Almost all the gain of today is given back.

But i am still confident, it is just a temporary profit taking.

It will resume upward movement soon after this adjustment.

I expect TP at least Rm 2.40 for titan

Posted by deadchicken > 2020-04-17 12:40 | Report Abuse

1.3 coming...queue buy..hehe

Posted by hornbill > 2020-04-17 12:42 | Report Abuse

Take profit will revisit.

Posted by JayC88 > 2020-04-17 13:22 | Report Abuse

wow hope 1.3 come soon, i wanna buy more

Posted by Jacky88 > 2020-04-17 14:01 | Report Abuse

Adding more..

Posted by investortrader88 > 2020-04-17 14:13 | Report Abuse

i will queue for RM 1.30 also to average.

Posted by xterrorsinx > 2020-04-17 15:03 | Report Abuse

epf not stupid they also know when to buy low. They becoming substantial holder soon

Posted by uang > 2020-04-17 15:08 | Report Abuse

lol rm1.30, in dream...

Posted by deadchicken > 2020-04-17 15:10 | Report Abuse

faster come 1.3.if not someone cant on board again. hehe.

Posted by deadchicken > 2020-04-17 16:05 | Report Abuse

Now every face mask companies in China looking for for melt blown non woven & non woven fabric. PP price skyrocket now.

Posted by investorbat > 2020-04-17 16:20 | Report Abuse

If lotte chemical corporation (holding 76% shares) wants to privatize lctitan at $2.50(50% of naps),they need to fork out Rm$1.4b only.Market cap of lotte chemical corporation is Rm$240b

Posted by deadchicken > 2020-04-17 16:24 | Report Abuse

The city had seen a sudden proliferation of melt-blown fabric producers as prices for the material skyrocketed. The wholesale price of melt-blown fabric has increased from $2,260 to as much as $97,500 per ton in under six months, according to the Yicai financial news website.

https://www.washingtonpost.com/world/2020/04/17/coronavirus-latest-news/

Posted by deadchicken > 2020-04-17 16:32 | Report Abuse

cannot buy 1.3x already. hehe

Posted by pc007 > 2020-04-17 16:44 | Report Abuse

Today hopefully closed at 1.60...next week tbc

Posted by deadchicken > 2020-04-17 16:47 | Report Abuse

1.3 can buy MUDA

Posted by xterrorsinx > 2020-04-17 18:35 | Report Abuse

Actually I don’t like high volume because it means more people are buying this share at cheaper prices when it increases in the future. These people who hold cheap shares can throw the prices and will impact the rising share prices. If the volume hits high at higher prices I’ll feel better.

Posted by pc007 > 2020-04-17 20:20 | Report Abuse

Xterrorsinx..true

Posted by BornToSpeculate > 2020-04-17 21:11 | Report Abuse

you need some volume to stabilize price whether its uptrend or downtrend. if it rises too fast without volume, it wont be able to sustain and rest of participants of market will know it wont hold