LOTTE CHEMICAL TITAN HOLDING BERHAD

KLSE (MYR): LCTITAN (5284)

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Last Price

0.63

Today's Change

-0.015 (2.33%)

Day's Change

0.625 - 0.65

Trading Volume

4,128,000

IPO Info
Offer Period

Opening

2017-06-16

Closing

2017-06-16

Time Table

Allotment Date

2017-07-07

Listing Date

2017-07-11

Price

Issue Price

8.00

Units

2,307,791,500

Share Capital

0.000

No of Shares

Public Issue

740,483,000

Offer for Sale

-

Private Placement

-

Issuing House

MIH - 583

ISIN Code

MYL5284OO004

Prospectus:

ERRATA TO THE PROSPECTUS DATED 16 JUNE 2017

LCT - Prospectus (Part 1).pdf

LCT - Prospectus (Part 2).pdf

LCT - Prospectus (Part 3).pdf

LCT.pdf

Discussions
17 people like this. Showing 50 of 12,813 comments

Nepo

Lotte Chemical to Liquidate Malaysian Synthetic Rubber Unit LUSR

1 month ago

beluga

According to the Korea Petrochemical Industry Association, China accounted for 42.9% of Korean petrochemical companies’ exports in 2020. That proportion fell to 36.3% in 2023 after Chinese petrochemical companies began aggressively investing in facilities starting in 2020.

China’s ethylene production surged 60% to 51.7 million tons in 2023, compared to 32.3 million tons in 2020. Its production volume is projected to grow to 56.0 million tons in 2025, according to industry observers.


China is 100% self-sufficient in its supply of basic petrochemicals such as ethylene and propylene, referred to as the rice of the industry. Its supply is forecast to exceed demand by 20% in 2025.

What's worse, China is dumping its products in Malaysia and other Southeast Asian markets to make up for reduced demand at home.

In the market of intermediate feedstocks such as paraxylene and propylene, which generate higher margins than basic petrochemicals, China is also emerging as a stronger player.

It is projected that China will meet all its needs for intermediate petrochemicals without imports by 2025.

Due to the supply glut, the ethylene-naphtha spread, or the difference between the prices of ethylene and its raw material naphtha, halved to $195 per ton in February this year, versus $398 in 2021. Its break-even point is about $300 per ton.

https://www.kedglobal.com/mergers-acquisitions/newsView/ked202403060014?_gl=1*m3inle*_gcl_au*MTg3MTcxOTI5OC4xNzMwMTgyMDY5

1 month ago

Potato

How come Qtr report not out?

1 month ago

Harryww

Klse should query the company about the delay. Necessary actions should be taken for the delay.

1 month ago

jinxstock20

Still has grace period for LCtitan to announce QR ?

1 month ago

AFI6065

Based on info from website the Q3 report will be publish tomorrow 06/11/24.

1 month ago

ironrobe3388

pchem . sharp drop. expect the worse for lctitan.

1 month ago

curiousq

record breaking cheap again?

1 month ago

speakup

aduh!

1 month ago

xiaoeh

this business not making money
long time ago they already exploring sell the business
no potential buyer to risk their capital...

1 month ago

Amazonboy

Indonesia is their only hope...if not bungkus

1 month ago

Nepo

Cannot earn money + company and directors no background, definately die die..

1 month ago

Markv572421

hahahahah....close shop company !!!

1 month ago

thesteward

Some party kept promoting this at rm1.1+

1 month ago

cbkia4896

Hah 60-80 sens region incoming

1 month ago

mangkal1

This company going bankrupt soon. PN17. Congrats

1 month ago

stevenckheng

NTA dropped from 5 to 4 just in 3 quarter, cannot look at that anymore, mostly useless assets

1 month ago

Lsly88

surprisingly the lonely promoter is totally quiet now and missing in this forum liao..rr alreay???

1 month ago

targetinvest

I steady punya. Continue hold him until die together.

Now lctitan got shortselled by IBs.. those who come out with damaging report will be the one doing it.

Last time airasia did kena shortsell from rm3 until below rm1. After that, go back up fiercely again. In next 6 mths

So look at next 6 mth, around april may june 2025 already

1 month ago

jinxstock20

Catch falling knife at current price ?

1 month ago

Nepo

You definitely steady.
If I were you, I definitely cut lose and move on.

1 month ago

Plantermen

LC titan not so positive market outlook. Look at Petronas chemical with parent company { Petronas} backing them up. has forecast a gloomy outlook for the industry coming 1-2years. LCtitan with heavy financing & borrowing costs of 11 billion would faced much more hurdles. Even selling off their Indonesia factory would not mitigate current dire situation. Without any injection or new capital pump in. Strong possibility of ending up like rumors of LC titan in Korea having a moratorium short of disposing assets {fire sale of assets} not a good time for the industry

3 weeks ago

kl_guy

lower the better . waiting for bottom to form.

3 weeks ago

ironrobe3388

net short position

2024 11 20
7.09 mil

how much can make from short sell 7 mils stock ?the foreign eagles will not come here for minor profit .

the lowest px of this stock was $1.02 during covid . was your rm0.72 a mistake ?

3 weeks ago

Dkk08

5555.. that lonely promoter coming out again.. price sure kaput further.. see you@0.5

3 weeks ago

robrob121212

wait at 5 cents low can get lower the LOWEST

3 weeks ago

jinxstock20

Darn it ... will it continue to fall or 74.5 is the bottom price?

2 weeks ago

kl_guy

better wait for spoon shape chart or chart show lower high , only pick up.

2 weeks ago

Plantermen

Doesn't look good. LCtitan need some positive news flow. Alot of bad news forth coming. Head office LOTTE CHEMICAL facing negative cash crunch doesn't bode well. Market outlook looks depress with high inventories with muted demand. Demand on raw methanol, polyolefins and mono ethylene glycols equally bad

2 weeks ago

Markv572421

close company laa 😁

2 weeks ago

Nepo

Be careful right issues..

2 weeks ago

Markv572421

Means ?
Nepo

Be careful right issues..

2 days ago

1 week ago

Markv572421

Just close the company laa ..why so much stories

Nepo

Be careful right issues..

2 days ago

1 week ago

jinxstock20

Got right issue ?

1 week ago

Nepo

No right issues at the moment.
But if co persists to incur losses, then most probably Co needs to inject more funds because banks may reluctant to lend money to downtrend biz

1 week ago

Markv572421

Share price keep dropping ...this company really need to shutdown soon

1 week ago

beluga

Similar to POS , ASTRO and many more ... when you thought below RM1 is "cheap"... then 0.80 ... then 0.50... then 0.30.... then 0.20 .... Complete disbelief

1 week ago

SuperA

Officially, the name of LCTITAN will change to TITANIC because it sank like the Titanic. Even though now changed the CEO, the situation will remain the same. MAKING LOST LOST LOST every quarter.

1 week ago

jinxstock20

Making billions of MYR per quarter, but still in the red. Harsh ...

1 week ago

EngineeringProfit

yes, no future

Markv572421

Share price keep dropping ...this company really need to shutdown soon

5 days ago

flexibt

Lotte to Slash Chemical Investments by 90%, Sell Assets, Exit Unprofitable Duty-free Shops..... poor parent

5 days ago

Sslee

It like korean car now had to compete with China car.
Can you see the future for korean car?

5 days ago

Albukhary

LCTITAN NTA is still RM4.XX.
Assume if Petronas bought it at 60% discount below book value, that would be RM2.00.
For Korean Lotte cut loss at 60% losses (better than current unrealised loss of 80-90%), and they can get back their money to solve their parent company.
Minority investor who invest below RM1.00, are happy to accept this offer at 100% gain.
Petronas also happy to acquired an asset at 60% discount, and it can help petronas to expand its business empire.


5 days ago

Sslee

Pchem has an upcoming bigger plant in PPC that going to drag down its profit.
So do you think Pchem has a stomach for another similar plant?

Maybank Investment Bank, which now has the second-lowest target price for the stock at RM3.82, flagged that the inclusion of losses from its Pengerang Petrochemical Company Sdn Bhd (PPC) would lead to a profit contraction for Petronas Chemicals in 2025 even as overall product spreads improve.

5 days ago

EngineeringProfit

yes, not good to bet here. Invest other counters

5 days ago

Plantermen

Petronas with key turn around plans for their Chemical & petrol manufactoring plant division has no appetite to acquired a sick elephant with high indebtness. LCtitan owns betw 7-8 billion in loans with only 400 million in their bank reserve. Technically they are in default and need additional funding to keep their local operations {which LG Korea} is having an cash flow crisis. This is the main reason they are shutting down their plants to buy time. Not a good sign once a factory operation's mothball it needs a long period to time to reconvene. Really frightened whether LC titan turns into a force fire sale where the banks just sell anything of value to cover their books.

23 hours ago

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