LOTTE CHEMICAL TITAN HOLDING BERHAD

KLSE (MYR): LCTITAN (5284)

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Last Price

1.16

Today's Change

-0.06 (4.92%)

Day's Change

1.15 - 1.21

Trading Volume

2,160,800


17 people like this.

12,718 comment(s). Last comment by jinxstock20 16 hours ago

Posted by Jonathan Keung > 2022-08-03 11:05 | Report Abuse

borrowings in USD is a drag on the company balanced sheet. rates in the US is expected to spike up over the next 2-3 qtrs a so called technical recession. USD strength has risen from a low of 3.8 -3.9 MYR to current 4.5 -4.6MYR with renew vigour. This is bad for any company that borrows in USD

Posted by shortinvestor77 > 2022-08-04 09:04 | Report Abuse

This is a net cash company. Full of cash.

Posted by Jonathan Keung > 2022-08-04 15:13 | Report Abuse

Lctitan Indonesia Petrochemical integrated project is estimated to cost between RM 18 billion - 20 billion { LINE } to be completed by 2025/2026. In Indonesia funding is in USD not MYR

The_JQuestion

1,575 posts

Posted by The_JQuestion > 2022-08-04 15:28 | Report Abuse

good stock definitely will collect .... watch list now !!

Posted by investortrader88 > 2022-08-08 14:48 | Report Abuse

Top up some tickets at RM1.80.good luck guys.

Stevenkim

101 posts

Posted by Stevenkim > 2022-08-10 10:20 | Report Abuse

No hope punya stock

Plantermen

2,158 posts

Posted by Plantermen > 2022-08-10 17:12 | Report Abuse

LCTITAN price unstable and started trending lower and lower over the past few days. Chart wise critical support is pegged at 1.75-1.76.

Nepo

3,352 posts

Posted by Nepo > 2022-08-12 09:11 | Report Abuse

Don't hurry to buy in @ RM 1.77. Definitely not bottom yet..

Posted by jinxstock20 > 2022-08-15 12:37 | Report Abuse

Keep on discount. Time to buy more

Jnlee

301 posts

Posted by Jnlee > 2022-08-15 12:43 | Report Abuse

How much can go down again?

aliyusof

1,393 posts

Posted by aliyusof > 2022-08-15 13:49 | Report Abuse

Down bit by bit like this, 1.50 not impossible.....

Posted by shortinvestor77 > 2022-08-15 15:03 | Report Abuse

Yes. 1.50

Posted by WAFFY1987 > 2022-08-15 16:46 | Report Abuse

loss confidence for this stock..they also got restrain order

Nepo

3,352 posts

Posted by Nepo > 2022-08-19 16:23 | Report Abuse

buy Pchem better than this stk

aliyusof

1,393 posts

Posted by aliyusof > 2022-08-25 18:51 | Report Abuse

Their cash will be slowly reduced and used for construction of their new plant in Indonesia. Don't hope for big dividend like before.

Posted by shortinvestor77 > 2022-08-26 08:19 | Report Abuse

Don't need to hope. They follow their dividend policy and never miss.

Plantermen

2,158 posts

Posted by Plantermen > 2022-08-26 15:32 | Report Abuse

LC titan 2nd qtr result ending 30Jun was a big disaster (-193 million losses before tax}. dividend pay out will be impacted if coming 3rd qtr again turn negative. Not a sell call but be cautious and do your own research

Posted by shortinvestor77 > 2022-08-26 17:04 | Report Abuse

Why so early to judge 3rd Q result? Look at their past records for your own research.

Eric Lim

508 posts

Posted by Eric Lim > 2022-08-26 17:17 | Report Abuse

Don't put high hope on getting dividend, they are listed to get your money to build their factories, not to pay dividend to you

Posted by shortinvestor77 > 2022-08-28 13:36 | Report Abuse

I have never force them to pay me the dividend and it is their willingness to share profits according to their willing set dividend policy. How many counters in Bursa are willing to share their profit and set up a dividend policy? You ? ha Ha Ha!

Posted by shortinvestor77 > 2022-08-28 13:38 | Report Abuse

Companies are listed to expand their business with the help of investors.

stockraider

31,556 posts

Posted by stockraider > 2022-08-28 13:38 | Report Abuse

Very true loh!

Hengyuan do not like to share their profit with minority shareholders loh!

Posted by shortinvestor77 > 36 seconds ago | Report Abuse

I have never force them to pay me the dividend and it is their willingness to share profits according to their willing set dividend policy. How many counters in Bursa are willing to share their profit and set up a dividend policy? You ? ha Ha Ha!

Markv572421

3,261 posts

Posted by Markv572421 > 2022-08-30 16:20 | Report Abuse

Boring LCtitan counter ...no use !!!

swimvshark

158 posts

Posted by swimvshark > 2022-09-05 18:37 | Report Abuse

finally 1.6 coming . congrats

Posted by shortinvestor77 > 2022-09-05 19:25 | Report Abuse

1.5 is better. Can buy more.

Posted by DividendGuy67 > 2022-09-07 01:18 | Report Abuse

Given the large loss, plus Indonesia commitment, they will stop paying dividends this year and likely next year too. Dividend investors may have to wait for a long time. Past dividends is not a good indicator of future dividends anymore.

Johnzhang

3,053 posts

Posted by Johnzhang > 2022-09-07 08:18 | Report Abuse

The petrochemical business faces headwinds when global economy is slowing. Demand is down and hence selling price is pressured

DuitGeli2

443 posts

Posted by DuitGeli2 > 2022-09-15 11:26 | Report Abuse

Test

Posted by i_d0tc0m > 2022-09-20 06:57 | Report Abuse

so cheap

Posted by Jonathan Keung > 2022-09-20 11:44 | Report Abuse

The spike in the USD against asian currency is bad for Indonesia and Malaysia. Imagine borrowing the USD at 3.8 now the rate has spike up to 4.6. repaying costs much higher

Plantermen

2,158 posts

Posted by Plantermen > 2022-09-22 12:23 | Report Abuse

Coming next quarter result announcement in Oct. Hopefully operations & financial not hit by multiple rate hike and high usd

Posted by DividendGuy67 > 2022-09-25 12:16 | Report Abuse

Next quarter likely to be bad. Soonest turnaround MAYBE next year. This one can keep making new lows for many more months. No accumulation in sight yet.

Posted by ageetkumar > 2022-09-26 13:20 | Report Abuse

Wouldn't high USD benefit LCtitan? Their revenues as 100% in USD while expenses are a mixture of USD and local currency

Posted by shortinvestor77 > 2022-09-26 16:53 | Report Abuse

Yes

Stevenkim

101 posts

Posted by Stevenkim > 2022-09-27 06:39 | Report Abuse

This stock still got hope? Keep dropping only

Sneakpeek

2,199 posts

Posted by Sneakpeek > 2022-09-27 09:55 | Report Abuse

still got long way down..lowest in 2020 was 1.15.

Plantermen

2,158 posts

Posted by Plantermen > 2022-09-27 19:02 | Report Abuse

Possibility of bad quarter result coming out. China on/ off lock down { zero covid policy} has affected industrial demand for polymer products and other related imports. August imports number down 15%. LC titan 3rd qtr { July-Sept } result may be hit

Posted by Jonathan Keung > 2022-09-28 11:13 | Report Abuse

Lucky nobody is shorting Lctitan now if not worst to come. Strong chart support at 1.45

Markv572421

3,261 posts

Posted by Markv572421 > 2022-09-28 14:37 | Report Abuse

Bye2 lctitan

Nepo

3,352 posts

Posted by Nepo > 2022-09-28 16:15 | Report Abuse

This titanic is sinking..
mayday..mayday..

Posted by Jonathan Keung > 2022-09-29 19:06 | Report Abuse

Fibonacci resistance line breach today . Closing at the day low of 1.44 vs the day high of 1.50. higher buy volume indicator at lower end . Indirectly signal lower line support or resistance. A technical rebound on Friday can help to reverse the downtrend. MACD locked in between 1.38 - 1.50 price range. Do your own research before you buy or sell

Markv572421

3,261 posts

Posted by Markv572421 > 2022-09-30 14:49 | Report Abuse

Make it 0.001 share price .......

xcu843

1,031 posts

Posted by xcu843 > 2022-09-30 15:21 | Report Abuse

Oil price already drop below 100, should be good for Lctitan

xcu843

1,031 posts

Posted by xcu843 > 2022-09-30 16:03 | Report Abuse

Naphtha cost also reduced but this counter share price keep on dropping

Markv572421

3,261 posts

Posted by Markv572421 > 2022-09-30 17:15 | Report Abuse

No body interested to buy LCtitan, its a boring stock already plus management is not good

The_JQuestion

1,575 posts

Posted by The_JQuestion > 2022-09-30 17:24 | Report Abuse

this stock should be no bad news... cmon titan u can do it !!

drken91

339 posts

Posted by drken91 > 2022-09-30 17:55 | Report Abuse

wait at 1.00 - 1.20
then buy slowly till 0.70c

1K unit at a time,
capital allocation important

that's my plan, not a buy/sell call
leaving comment here so I can come visit it again one day

Plantermen

2,158 posts

Posted by Plantermen > 2022-09-30 19:06 | Report Abuse

The share price LCTITAN drop sharply maybe link to their mega project in Merak, Banten province. costing about USD 4 billion in Indonesia { LINE project } targeted to be completed in 2025/2026. This was approved and passed at the EGM held on Dec 16 2021. Key work packages was awarded to the Hyundai Engineering group and other related parties for the expansion on 7th Jan 2022. The USD has strengthen and appreciatd from 4.10 to 4.65 against the MYR ringgit. Investment cost value is now estimated at MYR 18.6 billion of the cracker plant production of ethylene and propylene. Interest cost will fly to the moon based on the 18.6 Billion project cost

Plantermen

2,158 posts

Posted by Plantermen > 2022-09-30 19:09 | Report Abuse

Not a buy call or sell call just my own personal take on their mega project during this uncertain and challenging period

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