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2020-07-30 14:36 | Report Abuse
The company is happy with the results.
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.
2020-07-28 17:13 | Report Abuse
Going to keep long term as my dividend stock. Will buy more if it drops to 10.
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.
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."
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.
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.
2020-05-30 09:36 | Report Abuse
Wait more and buy at Maybank TP 13.50
2020-05-29 16:06 | Report Abuse
Sold all, too crazy for me
2020-05-28 13:21 | Report Abuse
Sorry, not buying banks while interest rates are dropping and NPL are rising.
2020-05-27 19:27 | Report Abuse
All these glove counters going to drop to Holland
2020-05-27 19:25 | Report Abuse
Only big gun glove stocks still moving, this one gone case
Stock: [LCTITAN]: LOTTE CHEMICAL TITAN HOLDING BERHAD
2020-07-30 15:30 | Report Abuse
Bought some.