While you syok2 looking at this stock, you should be looking at the index now as well. It has dropped out of a channel the day b4 yesterday. It is now well on its way to 1454. Thats 80 pts below current level. It will affect all stocks.
So i let you imagine what would be the price when index hits 1454.
Lctitan Analysis based on the 31 March 2021(latest) quarter results
RM Per share Net assets 12,466,724 5.39 Net current asset 5,988,836 2.59 Difference 6,477,888 2.80
Actual market rate Market cap Share price Share price 6,126,800 2.65 Net current asset 5,988,836 2.59 Business value 137,964 0.06
Net cash per share 2.03
since market only value its current business (includes its investment in associates of RM2.2b) at only RM137,964 (RM0.06 per share). The management should consider to scrap off their investment idea in Indonesia and return all the excess cash which is RM2.03 per share as dividend to the shareholders becoz the market did not even give a damn to their business as for the market it is worth nothing.
Russia and Saudi Arabia have reportedly reached a preliminary deal for OPEC+ to gradually increase output by 2 million barrels per day between August and December, Reuters said, citing an unnamed OPEC+ source.
This is this unofficial sourcing coming out of a meeting of the JMMC, which was still ongoing as of 13:00 EDT.
I think we should write to their management. Ask them about the rational behind the investment in Indonesia becoz the petrochemical business is currently worth nothing as per market. Then ask the management to return the RM2 per share as dividend to all the shareholders.
Bcoz The management is responsible to maximise the value to shareholders, If the investment does not add value, it shud consider to return to shareholders as the best option.
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....
limpek
115 posts
Posted by limpek > 2021-07-02 11:56 | Report Abuse
As at 1/7 LDPE is around usd 1573 while the naptha cost is around 633. the spread is around $940 which is higher as compared to Jan'21 to Mar'21