KLSE (MYR): LCTITAN (5284)
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Last Price
0.665
Today's Change
0.00 (0.00%)
Day's Change
0.665 - 0.68
Trading Volume
2,472,700
2024-12-04
2024-11-29
surprisingly that strong promoter of this lc so quiet for the last 2 weeks and the price is recovering now..so its better for him to remain quiet till $2..5555
2 months ago
CASINO DE BURSA is back!
Bet small, win small
Bet Big, win Big
Ini kalilahhhhhhhhh BFM (Bet For Malaysia)
2 months ago
Waiting petros petronas development to see more action in petrolchemical industry
2 months ago
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
Klse should query the company about the delay. Necessary actions should be taken for the delay.
1 month ago
this business not making money
long time ago they already exploring sell the business
no potential buyer to risk their capital...
3 weeks ago
NTA dropped from 5 to 4 just in 3 quarter, cannot look at that anymore, mostly useless assets
3 weeks ago
surprisingly the lonely promoter is totally quiet now and missing in this forum liao..rr alreay???
3 weeks ago
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
3 weeks ago
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
1 week ago
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 ?
1 week ago
5555.. that lonely promoter coming out again.. price sure kaput further.. see you@0.5
1 week ago
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
1 week ago
Just close the company laa ..why so much stories
Nepo
Be careful right issues..
2 days ago
2 days ago
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
2 days ago
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 day ago
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 day ago
jinxstock20
Nice sharing, targetinvest 👍👍
2024-09-05 17:44