LCTITAN: Beneficiary of Strong demands of Packaging, Mask and Glove's raw materials (Davidtslim)
bare in mind any uptrend on Glove and healthcare would positively impact on LCTITAN as well. In a case of MCO, LCTiitan operation will be unaffected and would fully operational
Funds pulling out from US Nasdaq and S&P500 to emerging markets especially in Asia. Don't think Nasdaq S&P500 bearish = every market is bearish. It's one of the biggest rotation
Lotte Chemical Titan Overweight Price Target (Dec-22): RM5.50 80%+ Potential upside at current levels, as we upgrade our FY21E/22E earnings by 2.5-3x; Reiterate OW
Lotte Titan reported its best quarterly earnings since listing in 2017 with “recurring” earnings coming in at RM424 million vs JPM’s 1Q21 estimate of RM210 million, >100% better than expected. We expect a similarly strong 2Q21, but expect some normalization into 2H21 (from super-normal level spreads today). However, we do expect spreads to remain healthy into 2H21 & 2022 as we upgrade ‘22E PE/PP spreads to $600-675 per ton (vs $530-630 per ton earlier) vs $710-850 per ton currently, a $110-175 per ton discount to current spreads. We upgrade our FY21E/22E net earnings by ~2.5-3x as we raise our Dec-22 PT to RM5.5 (from RM4), for 84% potential upside.
Moreover, our price target implies 1x P/B multiple with ~70% of the company's current market cap in cash
BIMB IB report is very credible and accurate and it help me to make investment decisions on lctitan. Even I am Maybank account user, I think Maybank IB report are superficial and rubbish. I remembered BIMB leads by giving a tp 2.90 when the price hovering rm5 before it went down. I decided to cut Loss at rm4.3 and now the recent BIMB report are very timely and is very accurate on last reported earnings of lctitan. I believe BIMB tp 3.75 is modest and achievable.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
probability
14,457 posts
Posted by probability > 2021-05-02 11:09 |
Post removed.Why?