Posted by Ahmadahmad88 > 2020-06-01 21:00 | Report Abuse

sudah ex, esok dividend.

Posted by jinghee > 2020-06-01 21:53 | Report Abuse

anyone have forecast the EPS for coming quarter?

Posted by deadchicken > 2020-06-01 22:14 | Report Abuse

** Positive petrochemical margins kept naphtha-fed steam crackers operating at high levels, with the spread between CFR Northeast Asia ethylene and CFR Japan naphtha physical at $385.125/mt at Friday's Asian close, up by $75/mt on the day, and above the typical breakeven spread of $300/mt, Platts data showed. The spread between FOB Korea propylene and naphtha C+F Japan cargo assessments rose to $460.125/mt at Friday's Asian close, up $30/mt on the day, Platts data showed.

http://www.petrotahlil.com/Section-news-2/44538-asia-light-ends-key-market-indicators-this-week

Posted by mailaman9516 > 2020-06-02 09:29 | Report Abuse

esuk dividend %

Posted by titan3322 > 2020-06-02 09:41 | Report Abuse

today dump and pump

Posted by BornToSpeculate > 2020-06-02 09:42 | Report Abuse

Dear Margin clients

Kindly take note starting today there’s a revision of Price capping for the Glove counters below

35% price cut on market closing or the price as stated below, whichever lower

1) COMFORT (2127) RM2.35
2) HARTA (5168) RM8.15
3) KOSSAN (7153) RM5.65
4) RUBEREX (7803) RM2.31
5) SUPERMAX (7106) RM5.00
6) TOPGLOVE (7113) RM8.64

If you have glove counters in margin account and have Margin call, can regularise by end of June 2020

Thank you

Posted by BornToSpeculate > 2020-06-02 09:42 | Report Abuse

This happened

Posted by Simonalibaba > 2020-06-02 12:12 | Report Abuse

very assuring news flow as described by deadchicken. keep buy

Posted by Simonalibaba > 2020-06-02 12:14 | Report Abuse

i would buy gloves again if can drop topglove 10, comfort 2.50, harta 9.50, supermax 5.

Posted by Ahmadahmad88 > 2020-06-02 12:38 | Report Abuse

Apa yang berlaku? kaput soon?

Posted by NewbieInStock > 2020-06-02 12:41 | Report Abuse

y drop that much? Bcoz of dividend and they take profit?

Posted by BornToSpeculate > 2020-06-02 13:20 | Report Abuse

I just added a little bit more at 2.30 earlier. My old stock is all at 1.22 plus. Not worried and im adding some coz i think there is still a lot of upside

Posted by steelman > 2020-06-02 14:10 | Report Abuse

today is payment day for dividend.

Posted by lhh99s > 2020-06-02 14:38 | Report Abuse

crazy dropping

Posted by jinghee > 2020-06-02 15:21 | Report Abuse

LCTITAN have high margin, 100% or 90% depend on brokerage... Come here, now glove counter reduce margin, LCTITAN have full margin here.

Posted by deadchicken > 2020-06-02 15:48 | Report Abuse

up too fast..drop is normal :)

Posted by sayyouloveme > 2020-06-02 17:00 | Report Abuse

when you know the raw material is cheap, why need to worry :)

Posted by cruger12345 > 2020-06-02 18:51 | Report Abuse

May I know the link which give an idea the spread of the cracker spread ?

Posted by nottieboy > 2020-06-02 19:29 | Report Abuse

Today drops a lot bcos naptha price increased a lot .. now USD303/ton

Posted by nickleeson > 2020-06-02 19:43 | Report Abuse

ya keep collecting, short term TP RM3.0 by end July

Posted by nottieboy > 2020-06-02 21:03 | Report Abuse

Gov will announce short term economy stimulus this month. Not sure what's the content, but investors love to hear economy stimulus. Bought back at RM2.21 just now.

Posted by deadchicken > 2020-06-03 07:25 | Report Abuse

US FDA to temporarily allow benzene, acetaldehyde in hand sanitizer

Posted by deadchicken > 2020-06-03 08:55 | Report Abuse

Naphtha price still low & bottom if compare to year 2016.

Posted by pradeep > 2020-06-03 12:49 | Report Abuse

the share is undervalue

Posted by lhh99s > 2020-06-03 13:55 | Report Abuse

this time is good for collection haha today is shopping days

Posted by deadchicken > 2020-06-03 15:55 | Report Abuse

today flushed out a lot of players.

Posted by whitebunny > 2020-06-03 16:18 | Report Abuse

After flushing out will be easier to up?

Posted by lhh99s > 2020-06-03 16:21 | Report Abuse

flush flush flushed all the contra plyer gone and all the way up since it was a good company and good fundamental. Although naptha price and oil is going up, the trend to rm3 is still strong. And when the time before covid-19 the O&Gprice and naptha is high also this company stay at rm4 at least now is more undervalued long term holder will be granted.

Posted by josht29 > 2020-06-03 16:25 | Report Abuse

Topped up at 2.15 haha clearing up all the weak hands then we’re good to go!

Posted by nottieboy > 2020-06-03 17:12 | Report Abuse

Not bad. Still increase to RM 2.25

Posted by BornToSpeculate > 2020-06-03 17:42 | Report Abuse

This counter is mainly institutional play. Retailers cant really push the share up anyway. The reason it was down yesterday was due to association with Glove related counters. It is not really related apart from the fact that they supply Butadiene but when big funds get hit they start to reduce some of their positions and this was affected.

Today was a clearer view that those that went up sharply without fundamentals, have all come down today ( ADVENTA, HLT, LKL, etc ). Its bad enough that we got stupid research houses that can promote glove stocks at 100 PE but for ppl to chase these other supporting industries at this high valuations is just a con. Just look at how much profit some of these companies actually make.

Many ppl think that this profit taking on glove sector but i think it might be trend reversal now as it is obvious that its not worth a quarter of that. And the funds are closing their positions and buying finance / banks today, thats why banks are up 10% today. Remember Google PE is 25, Alibaba is maybe 45 times and these are market leaders with technology and competitive advantage. Glove industry is just contract manufacturing and its not really high tech.

Posted by deadchicken > 2020-06-03 18:13 | Report Abuse

Touched MA200 and rebound. They know how to draw chart. LoL

Posted by pradeep > 2020-06-03 21:22 | Report Abuse

It is uptrend and the fundamental is intact. If you want to speculate and no holding power forget about this baby. I believe institional know the value of this stock.

Posted by wazhab > 2020-06-03 21:25 | Report Abuse

Good dividend good prospect buy n keep

Posted by Needmoney > 2020-06-03 22:12 | Report Abuse

Highly recommend this baby. Sure good return but need holding for months

Posted by nottieboy > 2020-06-03 22:52 | Report Abuse

Holding tight guys. Going up again

Posted by deadchicken > 2020-06-04 07:50 | Report Abuse

https://youtu.be/mhl1dDToaA8

Posted by escanor999 > 2020-06-04 08:26 | Report Abuse

Hi all. How does the oil price affects this counter?

Posted by Simonalibaba > 2020-06-04 10:44 | Report Abuse

wow, deadchicken that is excellent update, keep buy lctitan convincingly before the next moves.

Posted by Simonalibaba > 2020-06-04 10:47 | Report Abuse

just look at pchem price now, wonder where the analysts should hide his face now for asking to downgrade to below 5!

Posted by Simonalibaba > 2020-06-04 10:50 | Report Abuse

if you believe PChem can go back to 9 can buy CW49 cheapest exposure

Posted by titan3322 > 2020-06-04 12:08 | Report Abuse

After dumped now pump lor

Posted by jackson88 > 2020-06-04 12:34 | Report Abuse

Going to shoot up to RM2.50 again and then RM3. Look at Lotte Chemical price in Korea

Posted by Vencho > 2020-06-04 12:45 | Report Abuse

Anyone got their dividend yet? Payment date is 2/6.

Posted by aliyusof > 2020-06-04 12:49 | Report Abuse

Dividend 7 cts received already

Posted by Vencho > 2020-06-04 12:53 | Report Abuse

@aliyusof, when did you received it?

Posted by ratz > 2020-06-04 13:01 | Report Abuse

Dividend payment via electronic remittance have all received. Those hvnt registered for electronic payments will hv to wait for the dividend voucher (via post).

Posted by Vencho > 2020-06-04 13:35 | Report Abuse

Thanks @ratz, I already registered for e-payment but may be this is the first time to receive dividend so might be late

Posted by aliyusof > 2020-06-04 14:58 | Report Abuse

Received it on yesterday.

Posted by aliyusof > 2020-06-04 14:59 | Report Abuse

Yup, via e payment into my bank account