@whitbunny, the management wants to pass resolution to ask shareholders approval to declare dividend reinvestment scheme. If approve (chance is high), then the mgt has a right to issue new shares in lieu of cash dividend

Omg lausai

I think cash dividend is better than dividend reinvestment scheme..

Falling knife..don't catch..

No other way except increase in profit can lift up the price.

Omg London bridge falling down, RUN

@tnang, can you share with us the reasons for buying in ?

Can..buy or not..?

Not bad, MCO period still managed to get profit

Cost purchased by Lotte mother US 1.25 billion X 3 exchange rate in Year 2011= RM 3.75billion. How much is the market capitalisation of Lctitian now..?

Recall history on 5 Jan 2016

Korea's Lotte Chemical explores IPO of Malaysian arm to raise US$500m


KUALA LUMPUR: Lotte Chemical Corp., the South Korean plastics manufacturer, is exploring an initial public offering of its Malaysian petrochemicals arm that could raise more than US$500mil, people with knowledge of the matter said.

The unit Lotte Chemical Titan Holding Sdn. could sell shares in Kuala Lumpur as soon as the second half of this year, the people said, asking not to be identified as the information is private.

Malaysia has hosted only one IPO of more than $500 million in the past two years, the $885 million share sale from power producer Malakoff Corp. in April 2015, according to data compiled by Bloomberg. First-time share sales in the country raised $1.28 billion last year, compared to $1.25 billion in 2014, the data show.

Lotte Chemical hasn’t yet decided whether to proceed with a listing of the Malaysian unit, and details such as the fundraising amount haven’t been set, the people said.

A Kuala Lumpur-based spokesman for Lotte Chemical Titan didn’t respond to phone calls and an e-mail seeking comment, while Lotte Group said in an e-mailed statement that it can’t verify any potential plans for the Malaysian unit to pursue an IPO.

Plastics produced by Lotte Chemical Titan include polyethylene, used in shopping bags and toys, as well as polypropylene, which can be found in battery casings and car parts. The company also makes olefins that are part of the manufacturing process for rubbers and detergents.

Lotte Chemical, when it was called Honam Petrochemical Corp., bought Titan Chemicals Corp. in a 2010 all-cash deal valued at US$1.25bil and delisted the company the next year. - Bloomberg

Congratulations GoBin, welcome to this BIG family. Together we grow or die...?

Now is the time to release some bullets.
Easily top up some, no hurry, take your some, plenty of golden coins available..

Any hopes to this counter?
The success of Salute will depend on the innovation of its Bluetooth technology..
You believe the boss, you buy and hopefully he doesn't bring u to Holland..

Revenue increase because computer peripherals demand increase during covid 19, most probably in US market. (produced for Logitech, US)

But the profit margin for computer peripherals is very low although the volume that sold is huge.

The main product(profit margin is relatively high), Bluetooth for tws, demand decrease only account for 58% of the gross sales revenue.

All in all, this QR not surprise, not too bad but definitely not good. Hopefully the demand of Jaybird TWs will pick up
Better still get more buyers for its Bluetooth product.

Probably the worst is over...

NBL is a synthetic rubber that uses butadiene as the main feedstock and is a core raw material in making nitrile gloves, which is widely used in industries such as healthcare, medical, and food, among others, to complement the existing natural rubber gloves due to its excellent intensity and chemical-resistance features.

Nitrile gloves usage has seen a rapid growth recently due to the Covid-19 pandemic, with demand rising at an annual average of more than 10 per cent, and is expected to account for 70 per cent of the entire latex gloves market in 2024.

Now I senang senang collect collect at 1.7x , now almost no one lol..can't lol..

Make sense ,tq

◤全球大流行◢ 韩国首尔明日起 全面强制戴口罩
https://www.chinapress.com.my/?p=2164597

Is this price overvalued?

Next QR | Est. Ann. Date: 30-Jun-2020 | 20-Aug-20
@88, you can notice it on the top of this page

Today QR out

Could u figure out what is happening to this share?

Cash per value is around RM 2.1, NTA is RM 2.85 but share price is RM 1.95

I was wondering who the hell is the seller sold at this price.

Any brave one to add-in.?
Quite strange..no news after last QR out.
Normally this type of situation goes extreme.. either very good news going to announce or very bad news going to publish..

Any brave one to add in.?
Quite strange..no need after last QR out.
Normally this type of situation either is very good going to announce or very bad news occurs..

But..no more bullet to top up..

Good price to top up is somewhere around RM 1.7x

If good QR, good opportunity to add-in at this low price since prospect is good.

Going to announce QR soon, probably today...

Talk too much no use, must ACTION

Too conservative Ttb
Why not buy in Texcycle but recommended buy in in your newsletter..too bad RM 0.25 not buy in

Support.. support..

However, if this QR (Mar-Jun) is better than previous QR (Jan -Mar), then most probably the price will spike up after this QR (Mar -Jun) announcement..

This time it looks like no one speculating this stock before QR out, probably no one has any confident about this QR (Mar-Jun)

Thanks @Tkeng for support the price

Don't worry RM 1.85 you will buy it today

Spot on @JediMaster.
In simplicity, the co borrows 600 million (bank loan + Icul) and use it to build 600million Imago building.

Over time, Imago appreciates its value from 600 million to 1 billion, the excess of 400 billion causes it NTA rises to RM 1.

The figures used are the approximated figures for easy illustration

This is one of my most risky counter of all counters I have bought. Not sure about future..
But who knows, this counter may be my best performance stock in nearby future..
No risk no reward..

@huiwen88, I only have 50% confident in this counter..
Still holding the shares.
Prepare for the worst, hope for the best..

Lousy co, sell

@Endgame, what is the reason for limit up?

Oops
Missed the boat

加强执法及辨识逃税能力 关税局首半年拯救21亿收入
https://www.chinapress.com.my/?p=2144240

@hui88, are u referring to their own made brand FOBO?
As far as I know, this brand not popular at the moment, only contribute about 10% of their turnover.
Main revenue driver is still TWS Bluetooth

The boss said he brain is good, can produce excellence TWS Bluetooth..BUT till now still produce bad financial result and every times got excuse..this and that problems..and..coincidently every time before QR out..price SPIKE UP..

If u are here for long, u will know what I'm talking about..

But he also mentioned that from now on till next year the co is facing challenging and from next year onward the co will reach one billion valuation..

If u wish to struggle with this co and trust him and be a loyal shareholder, then u shall be handsomely rewarded.
No risk no rewards

Top up some, anyone follows..?

Volume couple with rising, seem promising..but be careful..

What happened to last few minutes?
Explose like volcano.
The operator very very smart, u couldnt predict the next minute movement. It likes seem no hopes, but suddenly spike up..when u buy in, it sinks..

@88, no further news since last QR (Jan 2020-Mar 2020).

I suppose these few days buying interest is related to coming QR result (Mar 2020 to Jun 2020) which will be announced anytime soon..

@facts123, that make sense,tq