FKTtasty

FKTtasty | Joined since 2020-05-27

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Stock

2020-07-30 14:36 | Report Abuse

The company is happy with the results.

Stock

2020-07-30 14:26 | Report Abuse

30 JULY 2020

EARNINGS SOAR AS LOTTE CHEMICAL TITAN HOLDING BERHAD SWINGS TO
PROFITABILITY IN 2ND QUARTER 2020

KUALA LUMPUR – Despite the adverse global business environment caused by the fallout from the
COVID-19 pandemic, LOTTE Chemical Titan Holding Berhad (“the Company”) has returned to the
black in its 2nd quarter performance, registering net profit of RM 96 million from a loss of RM 170
million in the 1st quarter. This marks a record profit swing amounting to RM 266 million on quarterly
basis. Similarly, operating profit for the quarter also soared to RM 119 million from operating loss of
RM 191 million recorded in the previous quarter. This represents a remarkable operating profitability
improvement of RM 310 million for the Company on quarterly basis.
The notable earnings improvement and v-shaped recovery seen are on the back of higher sales
revenue of RM 1.58 billion in the 1st quarter, from RM 1.46 billion recorded in previous quarter.
Revenue for the quarter is supported by both higher production and sales performance which have
markedly improved following the successful completion of the statutory turnaround undertaken by the
Company in 1st quarter 2020. The Company has noted that the overall plant operating rate for the
Group has recorded a jump of 20%, to 86% during the quarter with the completion of plant turnaround
activities and subsequent ramping up of production with much higher operating efficiencies.

Stock

2020-07-28 17:13 | Report Abuse

Going to keep long term as my dividend stock. Will buy more if it drops to 10.

Stock

2020-07-25 11:33 | Report Abuse

No point to switch to lower dividend yielding counter such as Panamy and Mahsing.
BAT worst quarter is already over now, the latest quarter (during MCO) was better and future quarter should be even better. Can consider to diversify once BAT price hits RM14 and yield is similar to those counters.

Stock

2020-07-06 18:48 | Report Abuse

One year ago pay out a lot of dividend, now: "We have applied for bank loans in our operating countries to shore up our liquidity."

Stock

2020-05-31 14:49 | Report Abuse

Beer counters dividend <3% and beer is in a negative spotlight currently.
Prefer BAT with dividend at almost 7%. Next ex-date 5 June.

Stock

2020-05-30 12:08 | Report Abuse

No link, it’s in my Maybank app, hold TP 13.50

1Q20 core net profit fell below our/consensus expectations on lower-than-expected sales volume during the MCO. Consumer down-trading will continue in light of lower disposable income in the near-term. High illicit share of 69% may also persist as Government enforcement efforts are redeployed to controlling the COVID-19 outbreak. Our FY20-FY22 earnings estimates are cut by 19%-30% to derive a lower DCF-TF of MYR13.50 (-MYR4.00) based on unchanged 8.6% WACC and 1% LT growth.

Stock

2020-05-30 09:36 | Report Abuse

Wait more and buy at Maybank TP 13.50

Stock

2020-05-29 16:06 | Report Abuse

Sold all, too crazy for me

Stock

2020-05-28 13:21 | Report Abuse

Sorry, not buying banks while interest rates are dropping and NPL are rising.

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Stock

2020-05-28 12:59 | Report Abuse

Party is almost over

Stock

2020-05-28 12:55 | Report Abuse

RM12 by next week

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Stock

2020-05-28 09:28 | Report Abuse

Sell while you can

Stock

2020-05-27 19:49 | Report Abuse

gap down

Stock

2020-05-27 19:27 | Report Abuse

All these glove counters going to drop to Holland

Stock

2020-05-27 19:25 | Report Abuse

Only big gun glove stocks still moving, this one gone case