based on half yearly results extrapolated to 12 months, the minimum 50% pay out of dividend should be 35 sens which translate to 12% dividend yield for year 2021
Please check polymer-naphtha spread now.... It have slump since June to below cost for ethylene and propylene, the two major polymer product of lctitan. Lctitan only able. To record profit in April and May, but will record loss from June onward. CAUTION
In addition, there are some new additional capacities in the region expected to come online in the second half of the year (2H21), which may have some downward pressure on product ASPs,” it said.
I think Lctitan is talking about Pchem's RAPID. ... that mega plant will start soon in 3Q21... here we come
Prospects from the official quarterly report by Lotte Chemical Titan (M):
The global crude oil price has been gradually trending upward since early 2021 on the back of positive pandemic recovery sentiment, averaging around USD 60/bbl. in 2021, to-date. A gradual firming in demand and continued production curbs among OPEC+ members supported the uptrend. However, the uncertainty regarding the evolution of the pandemic and its potential impact on future oil demand may limit the upward price momentum to a certain extent. As such, crude oil price is still expected to remain relatively stable with upside trend in line with the economic and demand recovery in 2021. Amidst prevailing market uncertainties, the Company will continue to monitor closely on the pandemic development as the petrochemical market correlates with and is heavily dependent on the regional and global economic growth and aggregate consumption pattern. Notwithstanding the external circumstances, the Company will continue to maintain its strong financial resilience and optimize its operations to ride through the volatile business environment
Variation of results:
The Group's revenue increased by RM 175.5 million or 7% from RM 2,367.1 million to RM 2,542.6 million mainly due to the higher average product selling price comparing to the corresponding period. The higher average product selling price was driven by supply disruption resulting from the plant outages in United States and South East Asia and has gradually normalised since early Q2 2021.
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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....
Lukesharewalker
6,480 posts
Posted by Lukesharewalker > 2021-07-27 14:36 | Report Abuse
Good indication for QR