Assume it become penny stock 0.90, market cap still 2 billion ++, I rather wait it become penny stock, Malaysia boleh, Korea boleh. Q1 eps 2.5, annualized 0.1 RM 0.9, PE 9 Still remember, Armada, sapura from heaven to hell within 5 years.
When the PChem's Rapid Complex commence operation in 2H 2019, the supply will increase further, and the profit margin of LCTitan will be narrowed further. In short term (at least till end 2019), the prospect of LCTitan looks bad. This is not what I say, u all can refer to its recent quarterly report to verify yourself. All in, it is not yet time to collect LCTitan, its stock price still has downside.
Pchem rapid complex was on fire, rapid was done with too many different countries n different companies specifications.... u have TEchnica Reunidas from Spain, Samsung, china, Vietnam oil.... there’s still long way to go for rapid to modify its production plant, done with cheap cost.... if lctitan can’t perform then pchem also no need to stay, better sell everything... it is not what I say, u can research urself..
Long term this counter should be able to survive, but short term I don't really look good as oil price increased quite a lot since end of 2018. If willing to hold like years, I think now is an attractive price to get in; if you want to goreng goreng only, I don't think this is a stock for you.
With this type of earning and no exciting news forward the price should trade bound range 2.8-3.3... Management need come out with some excitement or expansion for this stock to move forward more. At the end of rthe day, those small petchem hard to fight giants like pchem and aramco later. will have to close shop soon.
When the company profitability is expected to down for the next several quarters, i the price would continue to hammer down andcretest new low after new bad quarterly result being released
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Jiahui Foo
3,335 posts
Posted by Jiahui Foo > 2019-04-30 06:39 | Report Abuse
Hehe........I still prefer half of IPO..........:-)