surprised that income tax is still 100mil similar to Q2. otherwise everything else expected due to plant turnaround and compressed Q3 gross margin to 7%. Q4 gross margin should be back above 10% with the price increases these few weeks.
This special distribution will be independent of its dividend policy and its Board of Directors upon closing of the financial year will determine the subsequent final dividend payable for FY 2021. Expect another round of dividends when Q4 results are released
Noticed got tax adjustment in qr3 of 66 mil, otherwise PAT around 100 mil, not bad for a qr with plant maintenance. The special divd is a good surprise. LCT said it's a separate from their divd policy, means they will hv another pretty good divd when financial year close.
Great corporate move by LCT. That special dividend of 18 sen will make the shares more liquid. Another forthcoming annual dividend (at least 25sen) ending next Qtr.. A super duper good income stock in Bursa.
as expected from this QR due to drop in LLDPE and maintenance..however index was high from september onwards..so Q4 should be better...and another dividend coming as well..
Don't worry, we buy it because it's dividend 50% policy. At least it is as we expected to get around 20 sen dividend. QR report just a figure as expected oledy, as long as not making loss, then it is still very yummy to long hold.
This special distribution will be independent of its dividend policy and its Board of Directors upon closing of the financial year will determine the subsequent final dividend payable for FY 2021.
As I said in early, dividend should be the main point, as long as company maintain its dividend policy and now even propose special dividend then it is a extra bonus for all shareholders. Now inflation is high, such as good dividend sure will attract more institutes to buy in more.
Another 15 sen dividend next yr. Told you Q3 profit would be affected by the maintenance turnaround but Q4 PBT would be better irresecpective of crude oil price as its product ASP is at all time high can achieve 1 bil profit for FY 2021 no problem lah
LOTTE CHEMICAL TITAN HOLDING BERHAD ("LCT" OR "COMPANY")
LETTERS OF AWARD FOR ENGINEERING, PROCUREMENT, AND CONSTRUCTION ("EPC") WORKS ON PART OF AN INTEGRATED PETROCHEMICAL FACILITY IN INDONESIA AWARDED BY PT LOTTE CHEMICAL INDONESIA ("LCI") TO LOTTE ENGINEERING & CONSTRUCTION CO., LTD. ("LEC") ("PROPOSED AWARD")
Look at this way bro if there is another dividend of 12 sen next year which is very likely, there would be a total of 30 sen and at the current price it give you a yield of 11% and unless you have better returns from other investments you should just hold or buy a little at a lower price bcoz if you put your money in the bank you will have to wait at least 3.5 yrs to get the equivalent returns and along this period of time there should be one bull market when you can sell at a profit so no worry lah
And don't compare it to gloves stocks bcoz the barrier of entry into this type of business is very high not every tom dick and harry can start a business like petrochem business
Company first time announced its maiden special dividend is to reward shareholders, means they also wish its share price to continue uptrend. Just only those speculators trades misunderstood about the QR, forgot the good intention of banker at dividend part. Don;t worry, at last banker Lctitan sure will continue to push up
Everything has a price. A very good Benz SUV selling RM3m will resulting poor sales in Msia and therefore the after sales service will be terrible. It will end up Benz SUV's quality worst than Proton X70 due to no service. That shows price is matter. I started collecting LCtitan during 3rd quarter last year at around 1.7 and bought more in August during the dip around 2.4/2.5. with the recent 18c dividend for 1H 2021. My return is reasonably very high besides appreciation. I'll add more If the price ever drop back again. After all, LCtitan is a company with net Cash RM5bn and NTA RM5.7
after flush out those speculators such as wc fellows, now Lctitan stake become cleaner more easy to push up. As I said the intention of banker is they want to push up price at last.
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 264 views | 1 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 11413 views | 9 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
jonathan_k
159 posts
Posted by jonathan_k > 2021-10-28 13:01 | Report Abuse
Paid 100m in tax. Okay la