Posted by greenberg > 2020-07-10 19:10 | Report Abuse

Today no luck rise up the price. Need see next week...

Posted by soros228 > 2020-07-10 20:09 | Report Abuse

Thank Jolly.

Posted by pradeep > 2020-07-10 21:31 | Report Abuse

If Luckchem can go up because chemical supplier to Glove companies then what about our stock here?

Posted by greenberg > 2020-07-11 00:25 | Report Abuse

Do plastic PP use in glove?pradeep

Posted by NesTyYonG > 2020-07-11 15:14 | Report Abuse

PP do not use in glove bro.. PP only will be use in mask, as in compounding form.

Posted by pradeep > 2020-07-12 00:30 | Report Abuse

I believe the stock is undervalue

Posted by NesTyYonG > 2020-07-12 20:39 | Report Abuse

Dont worry, tomorrow will be a green day for all.. Let's see how much can it goes..

Posted by greenberg > 2020-07-12 21:41 | Report Abuse

Stock can rising and momentum can say is our aim. If the stock is good stock, no momentum..... it going ugly..

Posted by Fabien "The Efficient Capital Allocater" > 2020-07-13 16:34 | Report Abuse

First target hit


Stock: [LCTITAN]: LOTTE CHEMICAL TITAN HOLDINGS BHD

Jul 2, 2020 7:55 PM | Report Abuse

net cash (after adjusted for dividend 159mil) is 4,033mil

price at 1.81, market cap = 4,177mil

you are paying 303mil for its entire business

net current asset is 4,495mil = 2.18 per share

even at 1.85, your return on NCA = 17.8%

first target NCA = 2.18

Posted by NesTyYonG > 2020-07-13 17:06 | Report Abuse

Congrats to all today, happy Green day!
Hopefully tomorrow will be another round and many more green days ahead

Posted by Nepo > 2020-07-13 17:41 | Report Abuse

Congratulations to those who bought

Posted by titan3322 > 2020-07-13 18:11 | Report Abuse

Huat ah

Posted by investortrader88 > 2020-07-13 18:34 | Report Abuse

huat ahhhhh !

Posted by Fabien "The Efficient Capital Allocater" > 2020-07-13 20:55 | Report Abuse

When i bought it at 1.50, it was no a brainer as it was trading below its net cash of 1.77

and then i top it up at 1.80 as it was still very cheap, way below its NCA of 2.18

even at current price, it is at 0.4x of book value

as the earnings have been volatile and highly uncertain, my investment thesis was largely based on balance sheet

moving forward, my valuation of LCTITAN would be dictated by earnings

if earnings improved then re-rating of earnings valuation may be warranted.

next logical step is to monitor the quarterly earnings closely




Posted by JollyAndy > Jul 13, 2020 4:37 PM | Report Abuse

Mr Fab : the target is 2.83 like in the KAF report
Buy.

Posted by soros228 > 2020-07-13 21:31 | Report Abuse

Luxchem, founded by Tang Ying See, started in 1984 as a trading company specialising in industrial chemicals and materials. It has a large customer base of over 700 in 14 countries and supplies 400 types of chemicals and 100 grades and types of polyester resins. In 1998, it commenced the manufacture of polyester resin with a technology transfer from Takeda Chemicals Industries of Japan. It was listed on the Main Board of Bursa Malaysia in June 2008 at RM1.10 per share.Luxchem’s trading division is still its largest, accounting for 77% of turnover and 60% of pretax profit for 2Q2009. Around 19% of its trading revenue comes from the sale of synthetic latex (nitrile) to companies like Kossan Rubber, Hartalega, Top Glove, Supermax, Riverstone and Latexx. Another 4% is derived from the sale of latex chemicals such as coagulants and dusting powder (cornstarch).Luxchem, which sources its nitrile from Zeon Chemicals of Japan, has a market share of around 20%. Around 90% of the nitrile is used in the rubber glove industry. Nitrile gloves normally command a premium over natural latex gloves as they do not contain protein and thus do not cause allergic reactions. There are two local manufacturers of nitrile in Malaysia — Synthomer, which is a part of London-listed Yule Catto & Co, an associate of KLK, and PolymerLatex of Germany, which has just began operations in Pasir Gudang where it can source butadiene, a key raw material for nitrile production, from Titan Chemicals. Others like Luxchem, LG Chemical of Korea and Nippon A&L Inc of Japan import nitrile into Malaysia. Luxchem represents Zeon Chemicals of Japan, a leading developer and supplier of innovative polymers, including synthetic elastomers and speciality chemicals. In the longer term, Luxchem may have to consider setting up its own plant to meet the strong demand for nitrile in Malaysia and to maintain competitive pricing.Other products sold by Luxchem’s trading division include polyester resins produced by its manufacturing division (25% of trading revenue), PVC resins (9%), synthetic rubber (8%), titanium dioxide whitener (5%) and polyurethane resins (4%). The pretax margin of the trading division, which can be affected by the purchase price of its stocks, was 6% for 2Q2009. Its manufacturing division, which accounted for 37% of pretax profit in 2Q2009, enjoyed a higher pretax margin of 12%.Producing and trading polyester resins account for around half of Luxchem’s profits. It has an estimated 40% share of the polyester resin market and three competitors. Polyester resin is widely used in the vessel, automotive, housing, industrial equipment and construction industries. It is also used in the fibreglass industry to mould boats, automotive parts, bathtubs and industrial equipment where strength and anti-corrosive properties are required. Unlike its competitors, Luxchem is a one-stop centre for the fibreglass industry because its trading division supplies other components required for fibreglass fabrication. Raw materials for polyester resin, like unsaturated styrene monomer, can be sourced from petrochemical companies like Shell and Titan. Luxchem’s manufacturing plant in Melaka is currently operating at 70% to 80% capacity and around 45% of its production is exported to Vietnam, Thailand, the Middle East and Japan.Luxchem is in a strong financial position, with net cash of RM59.2 million as at June 30, 2009. This represents a cash per share of 45.5 sen. With a cash-generative business and low capital expenditure, Luxchem is able to pay good dividends. If we assume a dividend payment of six sen per share in the current financial year versus five sen per share for FY2008, the dividend yield of the stock is an attractive 5.4%.Despite a weaker 1Q2009, when demand for its products was affected by the uncertain global economy, Luxchem reported a 1H2009 net profit of RM9.1 million, which was similar to its profit in 1H2008. Luxchem could report a pretax profit of RM20 million for FY2009 because 2H2009 is expected to be better due to a recovery in the economy and demand. This will translate to an earnings per share of 11.2 sen or a prospective FY2009 price-earnings ratio (PER) of 10 times. Its rating will be lower at 5.9 times if its cash per share of 45.5 sen is deducted from the share price. Although its earnings growth is likely to lag behind those of rubber glove companies, as only 23% of its trading revenue is derived from supplying the rubber glove industry, its low PER, large cash pile and high dividend yield make the stock attractive.

Posted by soros228 > 2020-07-13 21:32 | Report Abuse

LC-Titan got supply raw material to glove counters.

Posted by jimmy84 > 2020-07-13 21:33 | Report Abuse

The plastic for glove packaging

Posted by soros228 > 2020-07-13 22:42 | Report Abuse

Well said Jolly. More to come.

Posted by BornToSpeculate > 2020-07-14 09:42 | Report Abuse

What LCT supplie is Butadiene which i dont think PCHEM produces at the moment. This is one of the main raw materials for Gloves.

https://theglovecompany.com.au/hands-on-safety-blog/2018/nitrile-gloves-frequently-asked-questions-and-answers-faqs/

Posted by soros228 > 2020-07-14 12:00 | Report Abuse

thanks BTS
LCT benefit from glove sales.

Posted by pradeep > 2020-07-14 13:05 | Report Abuse

the result will speak for itself, just be patient.

Posted by JaBerry > 2020-07-14 13:10 | Report Abuse

Wow good lah

Posted by NesTyYonG > 2020-07-14 22:44 | Report Abuse

Any info on Glove markets drop today?
Which leads to panic selling this afternoon.

Posted by Nepo > 2020-07-15 10:51 | Report Abuse

Why Glove market panic sold yesterday...?
The reason is they goreng goreng goreng goreng goreng for fast money..no risk no return. High risk high return

Posted by ElwinPg > 2020-07-15 11:34 | Report Abuse

Better prospects for plastic packaging companies as economy reopens
https://www.theedgemarkets.com/article/better-prospects-plastic-packaging-companies-economy-reopens

Posted by greenberg > 2020-07-17 00:11 | Report Abuse

Tomorrow going rise

Posted by Fabien "The Efficient Capital Allocater" > 2020-07-17 09:17 | Report Abuse

If it drops back below 2, i will buy back again

Posted by greenberg > 2020-07-18 10:40 | Report Abuse

Next week Target Price 2.40

Posted by AlexZai > 2020-07-18 11:57 | Report Abuse

when exactly is the next QR?

Posted by LiimInvest > 2020-07-18 15:38 | Report Abuse

Tp should RM3.00

Posted by remomama94 > 2020-07-18 16:20 | Report Abuse

31 july 2020 next qr

Posted by Kon Lim Chai > 2020-07-19 10:05 | Report Abuse

2QR should be released by end of July for quarter ended 30/6/2020.

Posted by mf > 2020-07-19 10:05 | Report Abuse

Covid-19 has exposed India's failure to deliver even the most basic obligations to its people

Posted by LiimInvest > 2020-07-20 15:19 | Report Abuse

https://www.lottechem.my/resource/file/agm/AGM_Final_vid.mp4

Posted by Kevinpua88 > 2020-07-20 15:53 | Report Abuse

good news?

Posted by facts123 > 2020-07-20 17:00 | Report Abuse

Polymer spread for 2019 is same as 1H2020. around 481-483/MT as seen in AGM video.
In 2019 core profit is 262mil on polyolefins. Can we expect 131mil core profit for 1H2020?
1st Qr core profit is 127mil loss. 2nd Qr profit = 131mil+127mil?
Either way, 1H2020 unlikely to be loss making as a whole, so Q2 should be at least 127mil core profit, which would be the best core profit seen since Q3 2018.

Posted by Eric963708 > 2020-07-20 19:36 | Report Abuse

really hope this counter like gloves counter but sad not happening

Posted by mf > 2020-07-20 19:37 |

Post removed.Why?

Posted by AlexZai > 2020-07-20 20:33 | Report Abuse

Worth keeping?

Posted by LiimInvest > 2020-07-20 22:14 | Report Abuse

Can Accumulating

Posted by yingzhe17 > 2020-07-21 03:40 | Report Abuse

Bye bye counter

Posted by LiimInvest > 2020-07-21 08:49 | Report Abuse

https://www.lottechem.my/resource/file/agm/AGM_Final_vid.mp4

Posted by LiimInvest > 2020-07-21 08:50 | Report Abuse

Better prospects for plastic packaging companies as economy reopens
https://www.theedgemarkets.com/article/better-prospects-plastic-packaging-companies-economy-reopens

Posted by LiimInvest > 2020-07-21 10:21 | Report Abuse

Next QR should be good

Posted by LiimInvest > 2020-07-21 10:21 | Report Abuse

2.10 now

Posted by LiimInvest > 2020-07-21 18:27 | Report Abuse

https://www.klsescreener.com/v2/news/view/705129

Posted by AlexZai > 2020-07-21 19:30 | Report Abuse

Mr liim... why no mention about LC titan in your link geh?

Posted by GoBig21 > 2020-07-22 11:39 | Report Abuse

LCT going to move soon. Come on.. Go go.

Posted by Tkeng > 2020-07-22 14:18 | Report Abuse

Will go sideways or lower. Trend reversed.

Posted by Needmoney > 2020-07-22 15:55 | Report Abuse

Anybody know how many globe producers use Titan product