the last time plant no water shut down a few days cause earnings down 73%....this time fire also cause plant to shut down...today this counter sure Holland...according to the edge papers...there are no insurance claims...goodbye
investigation requires the shut down of plant to re-certify that the plant is fit for operations....this will impact their earnings as the investigation will not go more than 45 days. But insurance claims requires > 45 days plant shut down only can claim
However, Pasir Gudang Fire and Rescue station chief Ibrahim Omar said the fire was believed to have started from the factory's quench water treatment tanker.
He added that the fire was prevented from spreading to other parts of the factory due to quick action by the department.
"The fire only damaged about five percent of the whole factory area and we managed to control it within 43 minutes," he said.
"There were no injuries or loss of life during the incident as we able to put it out before the fire cause any serious damage," he said.
The management has to wait until after release of next qtr results then only know they how severe the impact.... previous water cut should be less serious, I guess...
11 days offline = 47% out. Plant accident will involve bomba & govt investigation usually takes longer.. then replacement/repair, more offline time.. I wonder if i should just let go of everything now. http://www.malaysiastock.biz/Blog/BlogArticle.aspx?tid=11719. hopefully no one dies.. will be very bad.
azmi 8800, just ask your friend whether that is an isolated incident? becos LCTitan is an integrated complex consisting of about 9 plants. The only consolation is that for this quarter is already a done deal, with only few more trading days, so i reckon the impact on this Quarter is not that worrisome. According to one forum member, it is the new plant, if i recall.
Spy008, when you look at the video, other parts of the complex look normal, its like just smoke bellowing from a smoke stack. As much as we like to think positive, lets just wait for the press conference, and meantime hope that the market maker can maintain the price.
Agreed, the management is likened to what you see in korean corporate movies. Slow to decide, with lots of considerations and sentiments taken into account. Tradition loh, culture loh...
the only thing concern me about the transparency of the management....until now there is no official announcement despite that incident happened on yesterday....
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!
MQ Trader 660 views | 3 d ago
0:17
New IPO: An enterprise IT solutions provider that provides implementation services, maintenance, support and professional services, Vetece Holdings Bhd aims to list on the Ace Market!
MQ Trader 651 views | 7 d ago
0:17
New IPO: A manufacturing and trading of biomass fuel products, particularly PKS and wood pellets company, Elridge Energy Holdings Bhd aims to list on the Ace 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....
projecti2016
789 posts
Posted by projecti2016 > 2017-09-21 06:40 | Report Abuse
buy and hold. expect tomorrow having.panic.sales