Posted by BornToSpeculate > 2020-08-04 09:43 | Report Abuse

BabyAce, sorry to hear you cut loss. Solely my opinion, maybe you need to hold a bit longer and also this is not a stock with no fundamental where downside is unlimited.

A recent case about 2-3 weeks ago where my friend bought rubberex around 3-4 coz the boss asked him to buy and a few days later it came crashing down and he decided to cut loss. Look at rubberex today.

Posted by Flytothesky2 > 2020-08-04 09:54 | Report Abuse

Today all green but why lct red?

Posted by raymondlct126 > 2020-08-04 09:57 | Report Abuse

I thought it's stop bleeding. It's really disappointed us.

Posted by leansoon90 > 2020-08-04 10:28 | Report Abuse

Fly soon. All hold tight

Posted by goldeneye > 2020-08-04 10:31 | Report Abuse

be patient.. surely next qr wont disappointed. just matter of time. tp rm3-rm4

Posted by Lioncity > 2020-08-04 10:56 | Report Abuse

Nice rebounding

Posted by kengwan > 2020-08-04 10:57 | Report Abuse

GREEN already. Hold tight tight.

Posted by Nepo > 2020-08-04 12:01 | Report Abuse

At RM 1.80, hoping those who declared earlier to sailang.. SUPPORT..SUPPORT..

Posted by hng33 > 2020-08-04 12:25 | Report Abuse

bought back LCtitan at 1.83

Posted by hng33 > 2020-08-04 16:06 | Report Abuse

add more LCtitan at 1.84

Posted by heanchan > 2020-08-04 17:36 | Report Abuse

hold tight

Posted by Gemini > 2020-08-05 01:32 | Report Abuse

https://www.klsescreener.com/v2/news/view/710195

Posted by Gemini > 2020-08-05 01:32 | Report Abuse

Tp 2.10

Posted by hng33 > 2020-08-05 09:52 | Report Abuse

LCtitan main product, butadiene, is the key raw material to produce nitrite glove (synthetic latex glove)

https://www.lottechem.my/products/productGuide_view.asp

Posted by hng33 > 2020-08-05 10:20 | Report Abuse

Upcoming US stimulus package 3 trillion should boost up recovery economic. Such massive printing US dollar will flush global market, causing weakness in dollar currency. These in turn will increase commodity price such as crude oil, petrochemical product price hike especially butadiene, a feed-stock for nitrite glove

Posted by Nepo > 2020-08-05 11:15 | Report Abuse

Lct big brother Pchem.. goes into the drain..
Really what happen to the petrochemical co..suppose to earn super profit during Covid 19..but recent QR showed unsatisfactory result in spite of good spread..

Posted by facts123 > 2020-08-05 11:54 | Report Abuse

Nepo, petrochemical is not just PE, PP. the feedstock is naphtha, about 70% output is ethylene and propylene further processed into PE/PP giving good margins. But 30% output goes to aromatics like butadiene, benzene, toluene which have minimal or negative margins at the moment.

their plant turnaround timing in march/april was also bad as they weren't able to immediately benefit from naphtha price drop as they still need to clear the feedstock that they bought in february/march. When they start buying new feedstock, naphtha had already rebounded 100usd from the lows.

Posted by Lioncity > 2020-08-05 11:59 | Report Abuse

1.83 good entry price

Posted by Nepo > 2020-08-05 11:59 | Report Abuse

@facts123, that mean only about 70% of its products can be related to Covid-19, is it?

Posted by facts123 > 2020-08-05 12:01 | Report Abuse

hng33,

https://www.icis.com/explore/resources/news/2020/05/01/10503530/butadiene-is-the-weakest-link

butadiene is at multiyear low as automotive takes up 70% of butadiene demand. Good demand for gloves will have minimal impact on butadiene price. Please stop confusing people by trying to link gloves stocks to lctitan. Butadiene is only a side product of lctitan, their core offering is still PE/PP.

https://www.lottechem.my/company/integration.asp
You can see butadiene capacity is only 100KTA, compared to total PE/PP capacity of 1015KTA

Posted by facts123 > 2020-08-05 12:05 | Report Abuse

@Nepo, not sure what you mean by linked to covid-19.
70% of its products is the one having good spread.
30% is still having negative or at breakeven spread.
combine this with bad plant turnaround timing and q2 result actually makes sense.

anyway spread is still decent now at 550/MT, if the spread maintains until end of september, next qr will be better.

Posted by queenie91 > 2020-08-05 12:48 | Report Abuse

Good entry but need wait long long.

Posted by Nepo > 2020-08-05 13:26 | Report Abuse

@facts123, that make sense,tq

Posted by facts123 > 2020-08-05 13:43 | Report Abuse

@Nepo

https://scc.listedcompany.com/misc/presentations/20200729-scc-presentation-am-2q2020.pdf

See page 30 to page 34 to understand the spread for PE, PP, Benzene, Toulene, butadiene(BD), etc.

Posted by hng33 > 2020-08-05 15:08 | Report Abuse

crude oil price up

Posted by greenberg > 2020-08-05 18:11 | Report Abuse

Tomorrow going momentum

Posted by Bradtham > 2020-08-06 10:11 | Report Abuse

keep sinking....even dj up

Posted by stainlyho37 > 2020-08-06 10:29 | Report Abuse

monitor the volume..just grab if volume surge..!!!

Posted by stainlyho37 > 2020-08-06 10:59 | Report Abuse

waiting to take off after clear 1.85....!!

Posted by GoBig21 > 2020-08-06 12:21 | Report Abuse

Up and down. But, always back to lower.
Rm1.8 is lower.

Posted by hng33 > 2020-08-06 14:58 | Report Abuse

cut LCitian, swap all to supermax

Posted by doofus > 2020-08-06 16:33 | Report Abuse

waste of time

Posted by LiimInvest > 2020-08-06 16:52 | Report Abuse

https://www.klsescreener.com/v2/news/view/710195

Posted by LiimInvest > 2020-08-06 16:54 | Report Abuse

The brokerage said although the polymer spread fell from its peak of US$640 per tonne in end-March, the present spread of US$550 per tonne is “still profitable” for LCTH.

PETALING JAYA: Lotte Chemical Titan Holding Bhd (LCTH) is likely to be profitable in the second half of this year (2H20) given the product spread is still healthy and profitable for the group, Maybank IB Research said.

The brokerage said although the polymer spread fell from its peak of US$640 per tonne in end-March, the present spread of US$550 per tonne is “still profitable” for LCTH.

“We think the spread could gradually soften from August on lower plant turnaround activities in the region and China-led new supply.

“Additionally, plant utilisation rate in the second half of this year would be stable at around 85%. The next turnaround activity will take place in July 2021, ” it noted.

Meanwhile, Maybank IB Research expects that LCTH’s earnings for the third quarter ending Sept 30,2020 (3Q20) be weaker quarter-on-quarter in the absence of the substantial inventory write-back.

“We maintain our earnings forecasts for the financial years (FY) ending Dec, 31,2020, to 2022 and expect a profitable 2H20 as the present spread is still healthy.

“Our target price is retained at RM2.10, which is based on an unchanged two times enterprise value to earnings before interest and taxes based on FY21, ” it said.

The core net profit for 2Q20 was RM150mil excluding the unrealised forex loss of RM63mil, which was a sharp rebound from core net loss of RM222mil in 1Q20.

“This brought 1H20 core net loss to RM72mil and was within our forecast as we expect a profitable 2H20, ” Maybank IB Research said.

Meanwhile, the research house is keeping a “hold” call on Lotte as the near-term earnings could be unexciting, but the stock has deep value with its FY21E price-to-book value ratio at 0.4 times.

Posted by kengwan > 2020-08-06 17:14 | Report Abuse

CCM - FLY
SAMCHEM-FLY
LUXCHEM- Fly
TEXCHEM-FLY
so....
LCTITAN- Tomorrow ROCKET
PCHEM?

Posted by titan3322 > 2020-08-06 17:16 | Report Abuse

Hahaha today I spent some time observing the trading of this stock it was very clear that some one or some syndicates are trying to suppress the stock downwards those parked at the lower level could be theirs but painting a scenario of many people are selling. I parked some at 1.80 but didn't get any . Those who managed to buy at 1.81 can just sit tight no selling below RM2 let them contiinue with their tricks maybe we can also park some at few level 1.75 to 1.80 see how hehe

Posted by Lioncity > 2020-08-06 17:44 | Report Abuse

Ya wor luxchem also limit up today, nowadays cincai syiok syiok any stock also can limit up, so keep your share nicely who knows tomorrow will be lucky day

Posted by queenie91 > 2020-08-06 17:45 | Report Abuse

Pray hard lctitan all way rocket up to RM3

Posted by LiimInvest > 2020-08-06 18:30 | Report Abuse

LCTITAN biz is better than Luxchem and Hexza (small companies)

Posted by soros228 > 2020-08-06 21:27 | Report Abuse

LCTITAN should change the name to LCTITANCHEM

Posted by Needmoney > 2020-08-06 21:48 | Report Abuse

LCtitan make 88m profit drop. Luxchem make 7M but limit up. Apa macam punya logic

Posted by gemfinder > 2020-08-06 21:51 | Report Abuse

Dun wory, luxchem wil limit down later

Posted by soros228 > 2020-08-06 21:53 | Report Abuse

Need to change name to LCCHEM

Posted by ronnie11 > 2020-08-07 00:16 | Report Abuse

Had a short coffee break with mohammed abdul khalid, accidentally saw his personal notes on new warrant issue. Looks like this gonna shoot at least double. He didn't expose much to me but from our conversation I can feel that he is quite confident and I think I can try in a bit. Again, although it's lame but you know, invest at your own risk.

Posted by AlexZai > 2020-08-07 07:26 | Report Abuse

Needmoney.... i totally agreee with u. It MAKES NO SENSE... suffering from fourth degree burnt wounds still... waiting for terminal lucidity

Posted by chshzhd > 2020-08-07 09:15 | Report Abuse

buy ..

Posted by titan3322 > 2020-08-07 09:52 | Report Abuse

Today tarak jatuh lagi hehe

Posted by titan3322 > 2020-08-07 09:55 | Report Abuse

Now park at 1.80 to 1.83 see can whack down or not hehe

Posted by chshzhd > 2020-08-07 09:58 | Report Abuse

probably fryday ..:)

Posted by queenie91 > 2020-08-07 10:05 | Report Abuse

if whack down below 1.80, gg.com