Posted by enning22 > 2017-08-04 12:23 | Report Abuse

ipo price is massively overvalued, initially priced at 8.00, then changed to 6.50, something is fishy there already,now in the market , the price is around 4.50 more reasonable , as the NTA is also around 4.50.

Posted by davidvestor > 2017-08-04 13:11 | Report Abuse

holding up! good sign, punters going away, longer term investors coming in. bought 100k ce today.. good deal if LCT can go above RM5 level.

Posted by newbie1111 > 2017-08-04 16:15 | Report Abuse

today close red again?

Posted by azfar8 > 2017-08-04 16:24 | Report Abuse

no research yet from any research house?

Posted by Simple man > 2017-08-04 17:04 | Report Abuse

collect more today

Posted by Sallehhamz > 2017-08-04 17:18 | Report Abuse

good idea...dont know when you can collect at@3.00

Posted by PlsGiveBonus > 2017-08-04 18:02 | Report Abuse

Korean take all the money
:)
One cent also don't want give you all

Posted by dompeilee > 2017-08-04 19:21 | Report Abuse

Dulu Titan Chem only had 1.7b shares outstanding & was taken over @ 1.85. Now the (inferior) replacement has 2.7b shares outstanding and was IPO-ed @ 6.50(they even tried to makan ppl for 8.00). Doesn't anyone smell a con job here?

Posted by gsi723 > 2017-08-04 19:28 | Report Abuse

@ RM3, then they will take it private again....... I doubt this counter is dividend play....

Posted by PlsGiveBonus > 2017-08-04 20:18 | Report Abuse

Take private
Fund manager all pokai together
stabilizing agent also cannot recognize
:))

Posted by PlsGiveBonus > 2017-08-04 20:22 | Report Abuse

Fun manager still praying for miracle to happens
they may be haven't realized this is a well planned trap from the very beginning
All the step sound super suspicious from IPO to valuation to the bad quarterly result, finally the no water reason given by the management in just less than one month
How could they still can accept something dramatic like this to happens?
And they even hire stabilizing agent for fork sake

Posted by PlsGiveBonus > 2017-08-04 20:31 | Report Abuse

If it was Japanese company, we would see someone head is rolling on the floor already
But for Korean company, we still can see some idiot still come out and protest the valuation is good
:)

Posted by PlsGiveBonus > 2017-08-04 20:41 | Report Abuse

Japanese feel so bad about the bad result and failed product until they fall ill
But Korean feel investor is stupid
:)

http://www.huffingtonpost.com/entry/nintendo-president-dies_us_55a30e9ce4b0ecec71bc58db

Posted by PlsGiveBonus > 2017-08-04 20:45 | Report Abuse

TP is 6.88 why investor so stupid sell it down until 4.5?
They don't know how valuable Korean company is?

Posted by meistsk3134 > 2017-08-04 22:36 | Report Abuse

company feel ashame after bad news release. now will try made good face

Posted by ken law > 2017-08-04 22:38 | Report Abuse

bought at high side rm4.60

Posted by Jeffreyteck > 2017-08-04 22:52 | Report Abuse

Time for relevant authority to investigate. Listed date and results announcement date is simply to close, parties involved in the process are not aware? Century joke and should not support this type of company even you may able to get some profit. Market discipline needs investors to discipline it if those responsible is unwilling so. Good luck to all.

Posted by LearnFromMistake > 2017-08-04 23:48 | Report Abuse

Con by Korean?

Posted by CKCS > 2017-08-05 07:56 | Report Abuse

That is why DIGNITY is no important loh...!! That is also why Japanese don't try to list and con money of people in another country other than their own loh...!! Why Koreans like that? LMAO

Posted by Jeffreyteck > 2017-08-05 08:23 | Report Abuse

I don't just blamed Koreans, those who participated should be held responsible too.

Posted by Sallehhamz > 2017-08-05 09:22 | Report Abuse

no body force you to buy lotte maa
buy at your own risk...high risk high income...got few hundred counter.yoy own choice maa

Posted by CKCS > 2017-08-05 09:28 | Report Abuse

Gone kaput loh...!!

Posted by limkokthye > 2017-08-05 11:46 | Report Abuse

this company make what biz? plastic bag?

Posted by CKCS > 2017-08-05 12:42 | Report Abuse

Korean drama.....
http://www.thestar.com.my/business/business-news/2017/08/05/korean-drama-on-bursa/

Posted by Jeffreyteck > 2017-08-05 13:48 | Report Abuse

According to an English daily, quoting Lotte Chemicals president Lee Dong Woo, the company was not aware that the water disruption at its plant would have a huge impact to the second quarter ended June 30 bottomline.
He also said the company only know the full impact in mid-July, which was after the company has already been listed.

Read more at http://www.thestar.com.my/business/business-news/2017/08/05/korean-drama-on-bursa/#hME8loFBMZyRtXiL.99

Hahaha

Posted by CKCS > 2017-08-05 16:01 | Report Abuse

Con job by Koreans loh....!!! LMAO

Posted by gcke > 2017-08-05 16:26 | Report Abuse

@CKCS ; @Jeffreyteck it's appropriate that the equity market regulatory authorities-SC,Bursa send an official letter to Lotte and instructs them to disclose the full details with supporting documents.Examination on their written records and submissions has to be made and disclose to the public within a reasonable period.
2.Not inadequate just to monitor how the development of Lotte's market price in the market but to do the necessary.
3.Market don't like this type of surprises that comes too soon between the date of the water disruption and the IPO issuing date to the date of QR2 announcement.
4.As one of the largest conglomerates in South Korea and because the plant operation is a major hazard installation( Risk level- Very High) a higher standard of duty of care and compliance from the operator is expected.Not only essential but to be properly uphold at all times.

Posted by curious2 > 2017-08-05 16:39 | Report Abuse

Why people always think pay high(Lotte IPO 6.5)=better quality? So many cheap stocks in Bursa why nobody want?

Posted by apokjak > 2017-08-05 18:15 | Report Abuse

right....better buy PCHEM

Posted by CKCS > 2017-08-06 08:10 | Report Abuse

This is a pure con co. mah. Also hard sell by failed salesman ChongJiauJau who has no dignity by deleting all his bragging posts....no dignity salesman with no dignity co.

Posted by Jeffreyteck > 2017-08-06 09:32 | Report Abuse

@gcke... TQVM. we all know the efficiency and effectiveness and willingness of some people vetted with power. Some investors commented there are so many stocks why must invest in this particular one. The issue here is whether there is any compliance and disclosure issues to ensure market disciplines are obeyed by companies and management and participating agencies, and investors are well protected. Investors must exercise their rights to ensure an orderly market in this country and look beyond profit and loss. In certain country, the issuers may have to pay the different between issuing price and the appropriate price fixed by authority, claw back fees paid to participating agents including underwriters, audit firms together with two times of fees amount as a fine, and banned those involved permanently from their respective industry. Happy weekend and good day ahead.

Posted by Prudent2 > 2017-08-06 10:38 | Report Abuse

@Jteck... well written piece.
SC should now initiate enquiry as to how LCTI is not aware that water disruptions will impact their bottom line for Q2. There is obviously compliance and disclosure issues here and MIB owes investors an explanation as the Principal Advisor for this IPO.

Posted by Jeffreyteck > 2017-08-06 12:41 | Report Abuse

See Lotte website. BOD members only have photo frame without actual photos, no face to see SH. Indication of disclosure quality and standard. Click before amendment made.

http://www.lottechem.my/company/board-1.asp

Posted by Red_Apollo > 2017-08-06 13:11 | Report Abuse

Too late to talk now. Not first time and won't be last IPO to con investors.

Prudent2 @Jteck... well written piece.
SC should now initiate enquiry as to how LCTI is not aware that water disruptions will impact their bottom line for Q2. There is obviously compliance and disclosure issues here and MIB owes investors an explanation as the Principal Advisor for this IPO.
06/08/2017 10:38

Posted by Red_Apollo > 2017-08-06 13:12 | Report Abuse

Bursa and bankers benefit more from high price IPO than lower price 1.

Posted by Johnsonlee > 2017-08-06 22:18 | Report Abuse

Con man. Bad impact for new listing.

Posted by carynchua > 2017-08-07 04:33 | Report Abuse

BURSA is a toothless tiger. conflicts of interest.

Posted by Explode > 2017-08-07 07:40 | Report Abuse

（首尔6日讯）韩国“萨德”问题最大受害企业之一乐天集团，在中国每月损失千亿韩元。

乐天旗下的霸级市场“乐天玛特”透露，他们就快撑不下去了，“顶多只能撑到本月（8月）底。”

韩国《亚洲经济》报道，乐天高层4日宣布，“乐天玛特在中国被勒令停业趋于长期化，已造成无法承受的损失。”

“我们因此决定正在制定缩减在华门店的规模，并减少人力的调整方案。具体规模尚未确定，但必须强调的是，本集团无意退出中国市场。”

据报道，这是乐天自向萨德提供部署用地，而遭受中方反制后，首次公开表示将对中国事业进行结构调整。

目前，乐天玛特在华112家门店中，有74家被勒令停业、13家休业，但按中国劳动法的规定，每月仍需支付雇员70%的工资。

这让乐天玛特每月营业损失额高达1000亿韩元（下同，约3.8亿令吉），为此乐天在3月给乐天玛特中国门店紧急“输血”3600亿韩元。

但这仍无助缓解巨额营业损失。乐天玛特表示：“从目前的情况来看，顶多只能撑到8月底，希望本集团尽快制定今后的对策。”

此外，访韩中国游客大幅减少严重冲击免税店业界。今年第二季度新罗免税店的利润缩水近一半，预计乐天免税店的损失规模将是更高。

韩国各界原本期待，新总统文在寅上台后能顺利解决萨德问题。但事与愿违，韩企在华事业反而陷入更深的沼泽。

青瓦台日前决定追加部署萨德，让韩企更加恐慌、尴尬。财界相关人士称，各企业们时也对政府略感失望，不得已只好自救。

http://www.enanyang.my/news/20170806/%E5%9C%A8%E5%8D%8E%E6%AF%8F%E6%9C%88%E6%8D%9F%E5%A4%B1%E8%BF%914%E4%BA%BF-%E4%B9%90%E5%A4%A9%E8%A8%80%E5%BF%AB%E6%92%91%E4%B8%8D%E4%B8%8B%E5%8E%BB/

Posted by profes_lms > 2017-08-07 08:37 | Report Abuse

old new already, but LCtitan is making polymer, their customer are factory. the impact is lesser compare to other business face to impulsive china retails buyer.
however i still wondering what is the real reason why Lctitan want to relist again??

Posted by Junichiro > 2017-08-07 09:48 | Report Abuse

The Edgeweekly:-
PNB & Eastpring are probably nursing their wounds.

While the crash of the Titan took place, that top guy in Lotte defended himself by saying he thought all those issues are immaterial.
He further said $6.50 is a bargain.

Institutional investors complained that Lotte did not highlight the implication of TRES that wipe out 22 million loss to its earnings during their roadshow prior to listing

The earlier 1st qtr saw the one off super-normal profit of 44 million on butadiene. This qtr saw a drop in profit because normalisation of prices.

The well known excuse is of course the cut in water supply which resulted in a fall in 72 million in profit.

Analyst have thus got their forcast off the mark.

Looking ahead: the 3rd qtr will be dampened by the scheduled overhaul of its first Nafta cracker.

Listing cost of $100 million will be booked in the 3rd qtr

Normalisation of butadiene prices means profits should be much less than the first qtr.

Posted by 7skies > 2017-08-07 10:22 | Report Abuse

further downside perhaps?

Posted by Jeffreyteck > 2017-08-07 10:27 | Report Abuse

1. Top guy failed the fit and proper test as he can't even know disruption impact on the bottom line? Who defines materiality?
2. BOD members photos not in its website, only provided photo frame, indication of level of transparency and disclosure standard OR no face to see investors?
3. Those involved in the process of IPO, that revealed your level of competencies and still owe public an acceptable explanation or remedial action? You also don't know disruption impact or don't know how to calculate and determine what material means? What is your valuation approach in deriving the price and is it inclusive of uncertainty elements?
4. Those who are still observing need to take how long to complete observing or just wanted the issue to fade naturally as if no issue happened?
5. Minority watch dog role needs to revisit? Not just dissemination of info as many can do that.

Posted by curious2 > 2017-08-07 10:36 | Report Abuse

After privatised 6 years ago at low price RM 2 relist at 6.5-8 made the Koreans 3-4 times richer why not?(what is the real reason why Lctitan want to relist again??)

profes_lms old new already, but LCtitan is making polymer, their customer are factory. the impact is lesser compare to other business face to impulsive china retails buyer.
however i still wondering what is the real reason why Lctitan want to relist again??
07/08/2017 08:37

Posted by theedge > 2017-08-07 11:25 | Report Abuse

no wonder chinese ppl calls korean as 棒子！

Posted by enning22 > 2017-08-07 11:27 | Report Abuse

Lottetitan is not a simple reincarnation of olden day Titan,it is a different set up backed by Korean chemical technology.and research.With petroleum price continues to stay low for long period of time ,petrochemical industry can be benefited as low cost of raw materials persists.

Posted by newbie1111 > 2017-08-07 11:31 | Report Abuse

going down again now, queue at lower price

Posted by rlch > 2017-08-07 11:31 | Report Abuse

Agree with curious2. Perhaps we should find out which counters has chance to be privatised like Lotte and have high return few years later.

Posted by rlch > 2017-08-07 11:34 | Report Abuse

Perhaps you should ask relist counters like Malakof, Astro, etc do they have good performance post relisting?

Posted by enning22 > Aug 7, 2017 11:27 AM | Report Abuse
Lottetitan is not a simple reincarnation of olden day Titan,it is a different set up backed by Korean chemical technology.and research.With petroleum price continues to stay low for long period of time ,petrochemical industry can be benefited as low cost of raw materials persists.

Posted by CKCS > 2017-08-07 11:39 | Report Abuse

Finish loh....!! The koreans lured many Ah Beng with their kpop dance girls. That is why don't be fooled by the Koreans loh....!! Dangerous times ahead

Posted by 4444 > 2017-08-07 11:59 | Report Abuse

RM 3 Korean privatise Lotte again?