It wud be wise to take some money (profits) off the table if your shares are making some money. There will always be opportunities for money to be made in days to come.
My advice is hold but can add a little if there is further price erosion but don't sell lctitan and buy other stocks this is like committing suicide coz for the medium term gloves, plantations and lctitan would perform well don't worry about the short term volatility
The rise in Asia’s refining capacity will increase the supply of feedstocks, such as naphtha, LPG and basic petrochemicals like ethylene and propylene, that is available in the region for petrochemical projects. It also may increase regional demand for petrochemical blend stocks that are used as fuel additives, such as toluene, xylenes and MTBE.
Despite its extensive investment in petrochemical capacities, China is likely to remain one of the world’s largest petrochemicals importers as demand continues to outstrip capacity. The potential to export products to China will continue to provide great opportunity for petrochemical projects in other countries in Asia.
These projects may hold increasing appeal for investors not only in Asia, but globally, as certain value chains become more regionalized in Asia and more companies consider localizing supply chains to place production nearer to demand growth and reduce potential trade barriers.
There is an existing potential for market growth in China owing to the HDPE market share being mainly controlled by Asian markets. There has been a slow demand-growth in 2020 that may have its consequences on the Chinese market. But a detailed study of the HDPE market analysis shows that with no further plant additions beyond 2022, the gap in the capacity and demand may widen in the future
In the first and second quarters of 2021, there will be a percentage of increase in prices, due to steady and consistent demands. The present trends make for a predictable increase in prices in the following months of 2021.
The present trend of the price increase in the HDPE industry in China assures a greater margin for resin producers. There is a 20-30 percent increase in the margin available for integrated producers. For smaller production companies, the margin stands at 10-20 percent on average.
@information thanks for the valuable information lctitan is the cheapest petrochem stock in the region coupled with the potential growth prospect it is a steal at RM3.05
u must hv holding power when buying this ctr...the operator can 'sumpit' u all till the last drop of your juice during downtrend. u must be able to bear the onslaughter at all costs during this downtrend...
unlike gloves having large number of workers and densely packed....petrochemicals have high standard of precautionary measures and trained staffs to follow struct procedures to prevent any such cases
Gloves function is to protect from being affected from disease but in Malaysia i guess they dont use protective especially gloves to prevent from affected ....no wonder many dying ...
Yess im collecting slowly of course i dont chase high one ...hehehhe ....im just a long term investor ....gogogog selll sell sell to me .....hahahahaha
Stay calm bro firstly there is no change in the fundermentals of the company in fact ppe price continue to rise some operators are taking this opportunity to frighten the not so strong investors so that they can buy cheap using the same modus operanti. Secondly even if there is a total lockdown lctitan is one co that is least affected bcoz all essential services would be allowed to operate petro chemical is one of them. Just hold on to your shares and enjoy the coming dividends it is surely better than your bank deposits and don't try to go for something that gives you fast return coz there won't be any TQ
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Report Abuse
Please Sign In to report this post as abuse.
Market Buzz
No result.
Featured Posts
MQ Chat
New Update. Discover investment communities that resonate with your ideas
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....
ValueInvestor888
1,090 posts
Posted by ValueInvestor888 > 2021-05-19 16:32 | Report Abuse
Bought some today just now...mega sales