just_for_fun @angcl don't SIN KA LAN there, let's say u so pandai manage to collect LCTITAN at lowest price 4.14 & profit taking at today highest price 5.49 meh earn 1.35 je
ya lorr, those bluffer think we dont calculate.. even half cent we did count.
LCT was loss in 2014, recover profit in 2015 and 2016 due to higher margin since raw mat is lower cost. High margin is safe as long crude oil <usd60. FY17 will be good year and probably till FY18.
Lotte Chemical had recorded a loss after tax and minority interest of RM19.2mil for the year ended Dec 31, 2014 mainly due to higher feedstock prices, resulting from the high level of crude oil prices.
As crude oil prices slumped and stabilised at lower levels over the following two years, the firm recorded profit after tax and minority interest for the financial years 2015 and 2016 of RM613.2mil and RM1.3bil respectively.
Given the firm’s dependence on the price of naphtha, and thus the price of crude oil, it makes sense to gauge its future performance based on the outlook for the commodity.
During its recent listing, a spokesperson for Lotte Chemical said the company was comfortable with crude oil prices at its current level.
He noted that the spread from the conversion of polyolefin into feedstock naphtha was at US$700 per tonne, while oil prices have traded between US$30 and US$60 per barrel over the past three years.
He added that the firm was “comfortable with anything below US$60 per barrel”.
dun confuse petchem with LCtitan, as Petchem feedstock are mainly gas based--- ethane or methane.... having say that normally when naptha price goes up.. so does the end product of polyolefins/polyethylene or etc etc... just maybe it is a bit lagging
@curious "If oil back to USD 100 by 2020 how?" that is not going to happen, as Trump has relaxed and deregulate oil exploration and oil-rig in US , more supply will be available by then.By 2030/40 electric cars will replace fossil-oil burning cars.
4.30 people said con job ,5.30 another people still say con job, 6.30 still some people will again say con job, there is a never ending speculative smears and clueless fantasy.
Let look at lotte objectively. When it was falling, its because suddenly they released a set of results that shocked everyone dropping way below expectation and since it was so near the ipo , it appears like the bod was unfairly hiding facts from their investors. It also raises the possibility of more worms in the can to come. So large investors sold down even at huge loses. The loss of confidence was only changed when two foreign investment banks gave a rosy picture giving it a target price of above rm7. Maybank followed immediately. Nobodoy wd hv bother with Maybank opinions as they are still holding a large chunk at 6.50 Now 6.00 to 6.50 is going to b a huge resistance as maybank wd try to exit with minimal loses. So those intending to take profit shd take note of 6.00
Dows is going down , so any upward movement shall be a miracle...given the fact that many portfolio investors r cutting losses all the way up , it means to say that any up will be followed by more sellers . Honesty is very important but it seemed it has taken a back seat.
All institution is recommending to buy this share with TP range from 6.50 to 7.80. Also Q2 poor result was due to one off event. Q3 and forward result should improve and may be normalized at EPS/Q at slightly over RM0.20. Hence, it is consider fair TP level and achievable within 6 to 9 months time frame.
I prefer to buy mother share, because the bank where I maintained the margin account, could only accept the principal share and not warrant or loanstock ,as collateral.Now ,I am accumulating this share @ 5.30+-.
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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....
gsi723
903 posts
Posted by gsi723 > 2017-08-17 21:46 | Report Abuse
This stk add to excitement & "show" for bursa....institution players stir it up to recover their earlier losses?