“While we initially expected the second half of 2017 to be subdued for PChem, Tropical Storm Harvey just pulled an extra gear to PChem’s fortunes. At the current share price, Lotte Chemical is still the cheapest Asian petrochemicals based on enterprise value to earnings before interest, taxes, depreciation and amortisation (EV/EBITDA) and price to book value (P/BV) measures. Based on this and coupled with respectable dividend yields, we advocate accumulating Lotte Chemical’s shares,” said Maybank IB Research.
“The year 2017 is looking to be a record year for PChem in earnings delivery.
“While we initially expected the second half of 2017 to be subdued for PChem, Tropical Storm Harvey just pulled an extra gear to PChem’s fortunes. At the current share price, Lotte Chemical is still the cheapest Asian petrochemicals based on enterprise value to earnings before interest, taxes, depreciation and amortisation (EV/EBITDA) and price to book value (P/BV) measures. Based on this and coupled with respectable dividend yields, we advocate accumulating Lotte Chemical’s shares,” said Maybank IB Research
yea,those who get it for 6.50 , should do "averaging" , that is the right investment/trading startegy, unless you have utilized your fund in full with your portfolio.
the only downside is that indonesia plant have to absorb higher material cost coz they import material. earnings may affected. others than that should be fine
With mother price moved faster than CE & CF price last Friday, the premium now lowered to 17.7% and 21.6% respectively with same due date. Can we expect some catch up for CE & CF?
Even though supported w such a bright prospective write ups, but got burnt heavily since the IPO prc at rm6.50 till nearing RM 4 w/in a mth time; it is really rather hard to regain confidence twds this ctr
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....
SuperPanda
11,431 posts
Posted by SuperPanda > 2017-09-07 20:50 | Report Abuse
Most petrochemical counter all up while steel now flying 52w high. Dont miss the opportunity.