Posted by Joyvestt > 2020-04-30 16:10 | Report Abuse

cash out before it is too late

Posted by see beh song > 2020-04-30 16:22 | Report Abuse

take care guys...huge trap

Posted by newcomer1388 > 2020-04-30 16:22 | Report Abuse

u chase high u lose more.. thats all i can say.. tq

Posted by deadchicken > 2020-04-30 16:30 | Report Abuse

good rally today. see you next week.

Posted by BornToSpeculate > 2020-04-30 16:31 | Report Abuse

When price is up, you will console yourself and hope it drops. When it drops, you lose your balls dont dare to take action. Then when it goes up you curse again. So actually when do you actually win

You all say last chance to sell or it could actually mean last chance for you to buy. Negative people will never see opportunity at their door and they whine and complain that things are unfair all their life

At current price 1.7, dividend is still good taking into account you only hold it one more week.

Posted by deadchicken > 2020-04-30 16:31 | Report Abuse

long way to go. stay calm.

Posted by cuticuti > 2020-04-30 16:32 | Report Abuse

Look at that big vol eating up 1.70. That sure aint retailers

Posted by deadchicken > 2020-04-30 16:35 | Report Abuse

I expect dividend more than 10 % next year because I bought at low price. HEHE!!

Posted by Gemini > 2020-04-30 16:40 | Report Abuse

Tomorrow no trading labour day

Posted by Simonalibaba > 2020-04-30 16:45 | Report Abuse

Not easy to get stocks like Gloves and petrochemicals play in a situation like this.

Posted by Huatexpert > 2020-04-30 19:09 | Report Abuse

TA securities Analysis report on LCtitan QR.
LCT said 1QFY20 revenue fell to RM1.46 billion from RM2.17 billion.
Chan said today LCT’s 1QFY20 core net loss of RM218 million underperformed expectations.

"The results were below our previous full-year profit forecast of RM259 million (consensus: RM184 million). The variance was due to lower-than-expected sales volumes and product ASPs. This was exacerbated by large write-downs of inventories to net realisable value,” the analyst said.

As a result, our earnings forecasts are slashed by 118%/28%28% [for FY20, FY21 and FY22 respectively],” Chan said.
It mean expected loss in FY 2020...

https://www.theedgemarkets.com/article/lotte-chemical-titan-gain-crude-oil-price-collapse-%E2%80%94-ta-securities

Posted by BornToSpeculate > 2020-04-30 19:39 | Report Abuse

See the quality of analysts in the industry. No mention on what are the ASPs upside, and worst they do sensitivity analysis instead and cut ASP by 10% and cut sales by 15%. No mentioned that raw material price drop when oil price was 65 USD per barrel in Dec 19 to present level of about 20 USD.

They talk about core loss of 218m from oeprations but without taking out extraordinary write off inventory of 80m.

Posted by Chill88 > 2020-04-30 19:43 | Report Abuse

This type of analysis depends heavily on number they put in, ie mainly which PE ratio they use to reach their target price.

It's the same as with Foker who used a 60% "benchmark" to get some target price (Foker: "60 percent is usually the benchmark percentage. If it is 80 percent, the discount is too little, at 40 percent, the price will unlikely go that cheap.")

You can basically reach whatever target price you like. I only read this type of report to gain information but will completely ignore target price.

Posted by Surewin168 > 2020-04-30 19:47 | Report Abuse

with this kinds of result the price still can go up? really wonder what is happening now.. don't try to catch the falling knife.. gonna blood till you can't imagine at all .. take care mates

Posted by mamatede > 2020-04-30 20:08 | Report Abuse

Wah how many times want amend quarter report oh... suspicious.

Posted by mf > 2020-04-30 20:12 |

Post removed.Why?

Posted by briankyz > 2020-04-30 21:08 | Report Abuse

all in

Posted by briankyz > 2020-04-30 21:09 | Report Abuse

lets bet if the price break RM2 in next 2 weeks.

Posted by mf > 2020-04-30 21:36 | Report Abuse

Dow drops more than 200 points to end April after more dismal economic data

Posted by deadchicken > 2020-04-30 21:59 | Report Abuse

run? run to buy? haha

Posted by YC3883 > 2020-04-30 22:01 | Report Abuse

Does this company still have potential?

Posted by Fabien "The Efficient Capital Allocater" > 2020-04-30 22:23 | Report Abuse

basically you are betting on the product price spread. it may not be long term but instead a mid term play

reminiscent of Hengyuan, anyone?

Posted by NAZRIN93 > 2020-04-30 23:20 | Report Abuse

mf run you have anything that yoiu say buy that you hold for mid term?

Posted by mf > 2020-05-01 00:52 |

Post removed.Why?

Posted by BornToSpeculate > 2020-05-01 10:25 | Report Abuse

What people like Huatexpert ( or shall i say SuayExpert ) keep repeating on negative data but they fail to understand why markets today are holding even at the peak of the corona virus and low oil prices

Dow Jones drop yesterday was insignificant. Do you know how much 24k points is from the peak before Corona ? Its only 30% or less. Thats how bullish world wide markets are now and they are many reasons why this time is diff but if your lazy and refuse to read, and still want to think you know better than just sit back watch and curse..

People still cant get over the fact that price went up despite the loss. If the market proves that what you think is wrong, perhaps your analysis methodology needs a serious overhaul

Posted by BornToSpeculate > 2020-05-01 10:45 | Report Abuse

Ill try to explain this briefly. If you read the cashflow statement :-

Loss of -205m

+ main non cash items
depreciation 134.6m
write down inventory 81.3m
impairment from associate 35.1m

So you end up with a small operating loss actually of 28.5m after the rest of items. Which means the bulk of the losses are accounting losses, not cash burn.

After working capital changes, net cash after operations is 270m ( similiar to previous period ).

Did anyone notice that cash and bank balances already increased despite the loss to 4.03b from 3.91b ?

So now you know why there are big buyers when others are just shouting on the side line

Posted by xterrorsinx > 2020-05-01 11:48 | Report Abuse

Borntospeculate I thought based on your name you do bettings and speculations, but you came up with a. Good piece of writing that amazes me.

Posted by kelvin17 > 2020-05-01 11:52 | Report Abuse

bornTOSpeculate i see you are very good thanks for the analysis , i am new in this counter just one week and i make some small money. I am not a finance guy i wanted to invest in this counter for medium to long term. do you think is good since the price is still low

Posted by dxbman > 2020-05-01 11:57 | Report Abuse

Price up even after QR loss due to 8% dividend ex-date on 8 May. Will continue rally next week TP 2.00

Posted by iswara > 2020-05-01 12:12 | Report Abuse

good

Posted by Lucky81 > 2020-05-01 12:12 | Report Abuse

idoit, get 8% and lost 30% capital.

Posted by chkhooju > 2020-05-01 12:42 | Report Abuse

In the first place why do you want to invest in a loss making company? No doubt 7¢dividen is attractive but bear in mind that it can be a trap. Low price can get even lower. I for one would definitely avoid this counter, at least for the time being.

Posted by dxbman > 2020-05-01 13:40 | Report Abuse

Lotte shares up on potential turnaround in Q2:
https://www.thestar.com.my/business/business-news/2020/05/01/lotte-shares-up-on-potential-turnaround-in-q2#cxrecs_s

MIB "BUY" call - TP Revised from 1.70 to 1.85
CIMB "ADD call" - TP revised from 1.62 to 1.97

I rest my case.

Posted by chtan33 > 2020-05-01 14:07 | Report Abuse

aiya... its major feed stock cost has never been so low in history (drop from $500 to $140), if selling price do not drop by similar %, mean improved margin! .... not purely dividend

Posted by chtan33 > 2020-05-01 14:11 | Report Abuse

naphtha cost in the range of $400-550 in 1Q.. Apr onward been below $200... simple logic

Posted by deadchicken > 2020-05-01 15:19 | Report Abuse

keep monitoring naphtha price, then u can sleep in peace.

Posted by warrenbuffet1 > 2020-05-01 18:52 | Report Abuse

im new here,can anyone pls explain this
what means the public shareholding spread
low public spread will due to privatise?

As announced on 22 January 2020, Bursa Securities has vide its letter dated 21 January 2020 approved a further extension of time of 6 months until 23 July 2020 to comply with the public shareholding spread requirement pursuant to Paragraph 8.02(1) of the Main Market Listing Requirements.

Option 3 - Privatise. I think it is very likely possible. Due to - low public spread (they need RM 840 million at current price to take it private for a company that has nett asset of RM 12 billion). Only 24% to buy up unlike Genting which is 55% publicly owned.

Posted by deadchicken > 2020-05-01 20:45 | Report Abuse

@warranbuffet1 push up the price and sell some shares. case closed.

Posted by BornToSpeculate > 2020-05-01 21:51 | Report Abuse

kelvin17 depends on your risk appetite but this is a good and safe stock if you ask me. Since the market tanked, i only bought 2 stocks. LCTITAN and SURIA both are net cash and have low PE. Both also have some competitive adv due to barriers of entry and i think there is sufficient upside.

In this market please dont buy construction, property development, building materials,O&G no matter how cheap.

Someone said LCTITAN is in a shit industry with structural issues. There are only 2 players in Malaysia and our govt gave some carrot for them to setup here and they are here to stay coz this is a profitable business long term else they wouldnt be doing a plant expansion for another 2b+.

Based on current price, its only the net cash per share ( you take 4b cash / 2.2b shares roughly ) so your getting the business for free and this is not an ordinary trading or development business. Its high barrier to entry and you can be sure that Lotte Chem Korea will support in case of anything.

This is the chance that many ppl wait 5-10 years for. Make sure you invest wisely and you make a very good return. Market has already gone up so you have to becareful with your stock selection and dont chase over priced stocks especially those in Tech and GLoves. But thats just my view.

Posted by xterrorsinx > 2020-05-01 22:33 | Report Abuse

Yes this is the chance so rare and indeed you have to wait 5-10 years for. I am with BornToSpeculate.

Posted by BornToSpeculate > 2020-05-01 22:57 | Report Abuse

Remember 90% of retailers lose coz funds whack everyone. So I always think of how we can make from them

Posted by BornToSpeculate > 2020-05-01 22:58 | Report Abuse

xterrorsinx hope u can make some. times are bad now but it every downturn another door opens. think positive and how to win

Posted by BornToSpeculate > 2020-05-01 22:59 | Report Abuse

don't get emotional and always eat humble pie. I've been in the financial industry for a long time and still I always remember to stay humble

Posted by Gemini > 2020-05-02 01:42 | Report Abuse

IQ + EQ

Posted by xterrorsinx > 2020-05-02 10:12 | Report Abuse

https://cdn1.i3investor.com/my/files/dfgs88n/2017/06/28/1506102932-105801337.pdf

Posted by xterrorsinx > 2020-05-02 10:23 | Report Abuse

https://www.icis.com/explore/resources/news/2020/04/14/10495899/podcast-era-of-cost-advantaged-ethane-crackers-ends PCHEM's advantage is over as it uses Ethane as feedstock. IT's LCTITAN's Time to shine

Posted by mf > 2020-05-02 10:28 | Report Abuse

Dow drops more than 600 points to start the new month, Amazon falls 7%

Posted by BornToSpeculate > 2020-05-02 10:49 | Report Abuse

xterrorsin thanks of sharing this

Posted by xterrorsinx > 2020-05-02 10:56 | Report Abuse

https://www.icis.com/asian-chemical-connections/2020/03/china-temper-your-expectations-of-a-h2-recovery-for-supply-as-well-as-demand-reasons/ More readings

Posted by Philip ( buy what you understand) > 2020-05-02 11:02 | Report Abuse

xterrorsinx, you do know that LCTITAN has to import all of its feedstock right?

While PCHEM production supply refinery is just next door which is Pangerang Integrated Complex, crude oil is delivered there, and it also produces naphta directly ( it says so in the website, got naphta crackers).

https://www.nsenergybusiness.com/projects/pengerang-integrated-petroleum-complex-pipc-pengerang/

How much is LCTITAN delivery cost? How much is PCHEM delivery cost?



>>>>>>>>>>

Posted by xterrorsinx > May 2, 2020 10:23 AM | Report Abuse

https://www.icis.com/explore/resources/news/2020/04/14/10495899/podcas... PCHEM's advantage is over as it uses Ethane as feedstock. IT's LCTITAN's Time to shine