Posted by BornToSpeculate > 2020-07-30 14:01 | Report Abuse

Babyace I gave you a like on your post

Posted by BornToSpeculate > 2020-07-30 14:03 | Report Abuse

I was hoping for a higher profit though. Plastic ppl tell me that the huge margin is from mid May onwards so Q3 will definitely be very good but I was hoping that q2 it could hit something like 200m, then q3 would have a better chance of hitting 400m level which is post IPO level

Posted by titan3322 > 2020-07-30 14:22 | Report Abuse

I said earlier 3rd qtr would be excellent this qtr almost 2 months mco hehe

Posted by CannieST > 2020-07-30 14:24 | Report Abuse

Why TOPC is lower then last price?

Posted by FKTtasty > 2020-07-30 14:26 | Report Abuse

30 JULY 2020

EARNINGS SOAR AS LOTTE CHEMICAL TITAN HOLDING BERHAD SWINGS TO
PROFITABILITY IN 2ND QUARTER 2020

KUALA LUMPUR – Despite the adverse global business environment caused by the fallout from the
COVID-19 pandemic, LOTTE Chemical Titan Holding Berhad (“the Company”) has returned to the
black in its 2nd quarter performance, registering net profit of RM 96 million from a loss of RM 170
million in the 1st quarter. This marks a record profit swing amounting to RM 266 million on quarterly
basis. Similarly, operating profit for the quarter also soared to RM 119 million from operating loss of
RM 191 million recorded in the previous quarter. This represents a remarkable operating profitability
improvement of RM 310 million for the Company on quarterly basis.
The notable earnings improvement and v-shaped recovery seen are on the back of higher sales
revenue of RM 1.58 billion in the 1st quarter, from RM 1.46 billion recorded in previous quarter.
Revenue for the quarter is supported by both higher production and sales performance which have
markedly improved following the successful completion of the statutory turnaround undertaken by the
Company in 1st quarter 2020. The Company has noted that the overall plant operating rate for the
Group has recorded a jump of 20%, to 86% during the quarter with the completion of plant turnaround
activities and subsequent ramping up of production with much higher operating efficiencies.

Posted by newbie123456789 > 2020-07-30 14:27 | Report Abuse

why worry when continuous/steady income coming in. what should shine, will always shine. 1 or 2 days up or down does not make any difference.

Posted by CannieST > 2020-07-30 14:29 | Report Abuse

FKTtasty 30 JULY 2020

Thanks. This meaning good or not?

Posted by soros228 > 2020-07-30 14:32 | Report Abuse

Sharp drop

Posted by queenie91 > 2020-07-30 14:34 | Report Abuse

QR boom

Posted by AlexZai > 2020-07-30 14:34 | Report Abuse

Haha

Posted by wehcant > 2020-07-30 14:35 | Report Abuse

Not bad QR.

Posted by investortrader88 > 2020-07-30 14:36 | Report Abuse

good result ! let huat together with Lc Titan !

Posted by FKTtasty > 2020-07-30 14:36 | Report Abuse

The company is happy with the results.

Posted by onionchong > 2020-07-30 14:37 | Report Abuse

wao.. what happened to the share price?

Posted by Jeffery Lim > 2020-07-30 14:38 | Report Abuse

people expect better maybe...

Posted by investortrader88 > 2020-07-30 14:39 | Report Abuse

why panicked sell when lc titan produce good qr

Posted by whitebunny > 2020-07-30 14:39 | Report Abuse

People panic sell?

Posted by Tkeng > 2020-07-30 14:41 | Report Abuse

Bought 1.95.

Posted by Calculator8 > 2020-07-30 14:41 | Report Abuse

Good result also sell?

Posted by onionchong > 2020-07-30 14:44 | Report Abuse

good opportunity to scoop cheap stock

Posted by InvestmentLearning > 2020-07-30 14:45 | Report Abuse

all panic sell not only lctitan...

Posted by wehcant > 2020-07-30 14:45 | Report Abuse

Later like ESCERAM. Knee jerk reaction. The next day and the following days went up to more than 30%. With MCO what can you expect. THe price already factored in. OK do sell more and I will collect.

Posted by cuticuti > 2020-07-30 14:45 | Report Abuse

Ini also considered good result? Below expectations more like it.

Posted by CannieST > 2020-07-30 14:49 | Report Abuse

Can wait for next Q3. I'm still hold it and brought it 2.30

Posted by BabyAce > 2020-07-30 14:50 | Report Abuse

Bursa index Red punya pasal

Posted by Nepo > 2020-07-30 14:50 | Report Abuse

not yet..let it drops, only collect when the price is at RM 1.80..

Posted by Valgrovest > 2020-07-30 14:52 | Report Abuse

Huatexpert QR profit increased mainly due to reversal of write-down of inventories to net
realisable value of RM 102.7 million in Q2 2020.

Without this reversal of write down, seem like it still registered loss even at lower raw material cost.

Posted by titan3322 > 2020-07-30 14:59 | Report Abuse

Still a buy

Posted by soros228 > 2020-07-30 15:01 | Report Abuse

Any update ?

Posted by facts123 > 2020-07-30 15:02 | Report Abuse

writedown or reversal of writedown is just correcting inventory to current market prices.

At any 1 time the company should have around 1 month of inventory, if they do not record the reversal now, it will be recognised as profit when the goods are sold and delivered. writedown or reversal of writedown is just earlier recognition of inventory value to reflect current market prices.

Posted by Valgrovest > 2020-07-30 15:06 | Report Abuse

On the surface the latest qtr results look great. But if you look deeper, the profit was mainly due to reversal of write-down of inventories without which the results actually not good. I bought at 2.02 but when I realised the issue, i quickly dumped at 2.05. No loss, luckily. Lesson learnt, dont buy hastily.

Posted by queenie91 > 2020-07-30 15:06 | Report Abuse

Run first, hardly trust in this company anymore

Posted by facts123 > 2020-07-30 15:09 | Report Abuse

still on track for operating cash flow of 1bil.
No reason company should be valued below 5bil when they have 4bil in the bank and ability to generate 1bil cash every year.

Posted by ahwong95 > 2020-07-30 15:09 | Report Abuse

buy sikit at 2.08...din realize its qr has been published.

GAP has filled. i think is a buy signal.

Posted by facts123 > 2020-07-30 15:12 | Report Abuse

yes, it's no wonder they are reluctant to issue new shares to meet the public shareholding spread when it is so undervalued.

Posted by queenie91 > 2020-07-30 15:16 | Report Abuse

Bad stock with bad future prospect, as simple as that

Posted by queenie91 > 2020-07-30 15:19 | Report Abuse

Don't believe just flip back to check its chart since IPO first day till YTD

Posted by CannieST > 2020-07-30 15:21 | Report Abuse

market is down and it reflected drop some.

Posted by FKTtasty > 2020-07-30 15:30 | Report Abuse

Bought some.

Posted by cmfoo93 > 2020-07-30 15:34 | Report Abuse

Dippidy dip

Posted by chshzhd > 2020-07-30 15:43 | Report Abuse

collect some .. :)

Posted by Huatexpert > 2020-07-30 15:44 | Report Abuse

wait for IB revise target price... IB will sell first before release the latest TP.

Posted by Nepo > 2020-07-30 15:47 | Report Abuse

Next Monday will have another dip until the saturated point RM 1.80

Posted by Simonalibaba > 2020-07-30 15:49 | Report Abuse

it drop due to political uncertainty not bec of the QTR result. the company through AGM had mentioned the recovery only started since june hence QTR 3 should be reflective of the true performance. be steady if we are investing don't be so jumpy, hehehe

Posted by whitebunny > 2020-07-30 15:49 | Report Abuse

Nepo what do you mean?

Posted by Nepo > 2020-07-30 15:57 | Report Abuse

Because the previous lowest is at RM 1.7-1.80 (one month ago). the speculator speculate the price up until RM2.30 because most holders/buyers assumed good result..so they took this opportunity and pull up the price to Rm 2.30..this price is not sustainable and eventually will fall back to RM 1.70-1.80. Right now they wont let the price fall straight to RM 1.70-1.80 because they are still distributing their shares right now..

U don't have to believe if u don't agree the above explanation.

Posted by Jerry > 2020-07-30 16:00 | Report Abuse

only able to buy in at 2.02 because of login 10mins late after 230pm...lol

Posted by BabyAce > 2020-07-30 16:04 | Report Abuse

No wonder drop lar...I also don't understand...Now I remember...Tomorrow is holiday, our Bursa Casino is off zzz

Posted by cmfoo93 > 2020-07-30 16:14 | Report Abuse

Lol nepo the thing now is the qr result is good considering the situations. People were expecting it to go up but this certainly has to do with panic selling all over the market mainly because of the political news

Posted by chshzhd > 2020-07-30 16:23 | Report Abuse

everybody has their own reason .. the price will balance itself :)