Posted by Bigbull99 > 2020-10-14 19:19 | Report Abuse

Let's wait and see. =) first thing first, 200-300mil here we come!

Posted by soros228 > 2020-10-14 19:21 | Report Abuse

well said bigbull, wait and see

Posted by titan3322 > 2020-10-14 21:58 | Report Abuse

Q3 likely to exceed 250 mil

Posted by wallstreetrookie > 2020-10-14 23:09 | Report Abuse

If it doesn’t break resistance 2.5, then we all die

Posted by wallstreetrookie > 2020-10-14 23:18 | Report Abuse

Look at the chart. Heavy collection/accumulation. Looking good to break resistance. My only worry is that some sifus tell their members and call buy.

Posted by wallstreetrookie > 2020-10-14 23:18 | Report Abuse

So be careful

Posted by hng33 > 2020-10-15 09:13 | Report Abuse

The chart seem cup and handle formation

Posted by hng33 > 2020-10-15 09:19 | Report Abuse

Its a very bullish chart

Posted by Bigbull99 > 2020-10-15 09:30 | Report Abuse

Yes chart seems good and healthy, fundamental seems in tact, now just wait for that 200-300mil profit on 30th Oct. It will definitely catch the eye of the press, funds and re-rating for sure.

Posted by hng33 > 2020-10-15 09:38 | Report Abuse

The good thing about Lctitan is good corporate practice, uphold minority shareholder interest. There is no long term incentive that grant FREE share ,no cheap ESOS, nor private placement at discount etc to dilute shareholding. Management instead opt for dividend reinvestment plan to rectify public spread issue

Posted by lim900510 > 2020-10-15 10:22 | Report Abuse

can hit and close 2.4 today?

Posted by hng33 > 2020-10-15 10:33 | Report Abuse

Firmly stand above RM 2.40 is crucial to affirm cup and handle chart

Posted by hng33 > 2020-10-15 10:34 | Report Abuse

Once cup and handle confirm, a strong marked up will follow, sending price to RM 2.80 and RM 3.00 later

Posted by aliyusof > 2020-10-15 10:39 | Report Abuse

From past few weeks, price uptrending build up is very healthy, slow and steady. Expect a sharp jump up when good QR announced.

Posted by Bigbull99 > 2020-10-15 10:45 | Report Abuse

Yes aliyusof, I think and expect the same too. This kind of healthy chart is better, once QR out, definitely a sharp jump and then will be re-rated and will be all over the news, hold on tight for another QR will see shares shoot to RM4-5

Posted by wallstreetrookie > 2020-10-15 10:47 | Report Abuse

Will the Koreans allow us to make money? I’m worried but still optimistic.

Posted by wallstreetrookie > 2020-10-15 10:50 | Report Abuse

Pray to God that it can break resistance at 2.5

Posted by PangGu > 2020-10-15 10:57 | Report Abuse

QR is 30 OCT?

Posted by Seeyounoup > 2020-10-15 11:07 | Report Abuse

buy. result is superb outstanding.

Posted by hng33 > 2020-10-15 11:07 | Report Abuse

Still have some time before Q result release, significant marked up price will happen, its a matter of time as cup and handle chart already form., bullish chart already affirm

Posted by Seeyounoup > 2020-10-15 11:09 | Report Abuse

the stock worth more than 3 .

Posted by titan3322 > 2020-10-15 11:10 | Report Abuse

Nah sya tarak bohong punya sudah mau 2.50 lor tarak beli lugi besar loh itu gloves sudah tarak angin lor

Posted by investortrader88 > 2020-10-15 11:12 | Report Abuse

fly higher !!

Posted by Eric963708 > 2020-10-15 11:13 | Report Abuse

sometime ppl here say report gd, how can they so sure? if they were insider then is ok

Posted by Seeyounoup > 2020-10-15 11:17 | Report Abuse

Even if they tell u is insider , will you buy ?

Posted by wallstreetrookie > 2020-10-15 11:18 | Report Abuse

Don’t be too optismistic first. 2.5 resistance and 2.6 huge block still a very long way to go. See the 6-month chart

Posted by wallstreetrookie > 2020-10-15 11:19 | Report Abuse

QR good or bad we don’t know

Posted by hng33 > 2020-10-15 11:20 | Report Abuse

No need insider, pastic maker already said clearly that their feedstock resin in on rising...

Resin price is now about US$1,000 per tonne, compared with about US$800 per tonne three months ago.

“This increase has spurred panic buying of resin-based products. We expect the sales of our flexible packaging materials to improve by 5% to 10% this fourth quarter, compared to the second and third quarters.

“From March to July, resin prices hovered between US$680 per tonne and US$800 per tonne. Resin prices have risen because of the hurricane season in the US that has halted the production and export of oil

strong demand for resin from the automotive, footwear and household sectors that have caused the ethylene feedstock price to stay high. We expect resin prices to stay firm until December

https://www.thestar.com.my/business/business-news/2020/10/12/slp-sees-strong-demand-for-packaging-materials

Posted by hng33 > 2020-10-15 11:30 | Report Abuse

Asia
Supply was tight in Q3 due to the planned and unplanned outages in Asia. The influx of deep-sea cargoes from Europe had also dwindled due to the resurgence in demand in Europe. Disruptions in BD supply in the US due to weather-related issues further curtailed global supply. Demand in Asia exceeded supply as the downstream synthetic rubber plants in Asia increased their operating rates following the reopening of most Asian economies in Q3.

Demand strengthened as economies in Asia reopened after their lockdown measures were eased or lifted following the decline in coronavirus infections in most Asian countries. The downstream synthetic rubber plants in Asia ramped up their operating rates to meet increasing demand for end-products such replacement tyres, footwear or industrial belts. China’s automotive industry, the world’s largest car market, continued to show increased sales and production, underlining strong demand for synthetic rubber.


Europe
Supply continued to be heavily cutback to offset the still very much below normal demand levels at the start of Q3. Some unexpected cracker outages also served to reduce any surpluses. Towards the end of Q3, there were signs of improved operating rates driven by improvements in spot export opportunities, particularly given the limitations ex-US due to hurricane disruption.

Demand slowly but surely started to pick up. Inventories down the chain were eventually drawn down and synthetic rubber producers were able to ramp rates up. Supply driven demand in Asia saw a pick-up in BD as well as synthetic rubber exports and sentiment in general was much more positive than in the previous five months.



US
Supply was largely sufficient to meet contractual obligations as demand remained subdued because of the pandemic. Spot availability was tighter because one of the largest producers, BASF Total, had its cracker down for a large part of the quarter. This halted export activity. BD production was mixed as some crackers had outages but operational units were yielding more BD than in Q2, when significant co-cracking was taking place amid sidelined BD demand.

Demand rose as tyre producers ramped up their operating rates, following widespread closures during Q2 because of the coronavirus pandemic. Replacement-tyre demand was stronger than expected as tyre producers replenished their inventories of after-market tyres. Demand for other end-uses such as nylon and ABS lagged as automakers were slow to ramp up their operations. Demand was strong in Asia, but tighter availability due to some unexpected outages halted US exports to the region.

Posted by Seeyounoup > 2020-10-15 11:42 | Report Abuse

yes, buy.

Posted by see2sea > 2020-10-15 12:12 | Report Abuse

Buy, good fundamental stock not goreng

Posted by DonWorryBeHappy > 2020-10-15 12:23 | Report Abuse

Only regret buy too little, thanks Choivo too

Posted by Bigbull99 > 2020-10-15 12:23 | Report Abuse

hng33, also to add Naphtha now still trading below $400 for the past 6 months (near historic lows) and oil price is still below $45/barrel. Continue like this High Resin, low naphtha and oil, it feels like rubber gloves at the very beginning of the curve, where ASP is getting higher and higher, while cost remains low, increasing the PROFIT MARGIN like CRAZY!

Posted by soros228 > 2020-10-15 12:33 | Report Abuse

covid cases record high, everyday new clusters found, all PPE usage up massively, more to come, hold tight

Posted by Tkeng > 2020-10-15 13:03 | Report Abuse

Once a vaccine for covid 19 is available, the demand for medical syringes and it's packaging would skyrocket. Lctitan produces Transparent impact resistant Polypropylene primarily used for syringes.
Happy investing.

Posted by soros228 > 2020-10-15 13:34 | Report Abuse

Well said.
Lots of new company venture into glove businesses like Mah Sing.
Raw materials come from where ???

Posted by hng33 > 2020-10-15 14:10 | Report Abuse

Crude oil price remain low due to most of the refine product are at low demand (jet fuel, Gasoline, diesel). Naphtha only form about 11% of crude refine product.

Petrochemical company import these naphtha from refining company to crack into resin product.

These resin product now is in elevated price and on high demand, supply to plastic maker, automotive part maker, healthcare maker (syringe, face shield, mask, swabs for nasal/mouth testing, glove maker (nitrite glove, vinyl glove)

Posted by chshzhd > 2020-10-15 14:14 | Report Abuse

buy n keeep... no problem:)

Posted by hng33 > 2020-10-15 14:22 | Report Abuse

Many healthcare related stock either in glove, chemical, plastic, mask are all in multiyear high level. But, Lctitan, a main base feedstock supplier is still at low level, lower than its IPO price significantly.

Petronas chemical IPO price at RM 5.04 vs, current market price RM 6.06

LCtitan IPO price at RM 6.50 vs, current market price RM 2.35

Lctitan still keep most of its capital raise from IPO intact, still on track to expand 2x bigger capacity in 2 year time.

Posted by Chia hs > 2020-10-15 15:03 | Report Abuse

Cleared 2.5, marching towards 3

Posted by investortrader88 > 2020-10-15 15:03 | Report Abuse

already break RM 2.50 !!!

Posted by chshzhd > 2020-10-15 15:06 | Report Abuse

bravo oooo!

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

Im out from LCT today :) hope u guys continue earning

Posted by hng33 > 2020-10-15 15:10 | Report Abuse

lets upcoming Q result to decide the fair value for LCtitan

Posted by dompeilee > 2020-10-15 15:12 | Report Abuse

Posted by dompeilee > Jul 3, 2020 3:23 PM
Bought back LCTitan @ 2.05...lower than my original cost of 2.26 which I disposed @ 2.41 recently.

=))

Posted by kelvin17 > 2020-10-15 15:21 | Report Abuse

borntospeculate will you come back to LCT again ? pl let us know when you come in again tq

Posted by titan3322 > 2020-10-15 15:26 | Report Abuse

Huat3

Posted by soros228 > 2020-10-15 15:59 | Report Abuse

Thank BTS. WELL DONE.

Posted by aliyusof > 2020-10-15 16:03 | Report Abuse

Seems lots og buyers waiting to buy

Posted by Nepo > 2020-10-15 16:09 | Report Abuse

If RM 2.50 can hold in these few days, then u are safe...
Otherwise..