Huatexpert Tell us something we dont know. And for the last time, please go and read more instead of commenting with wrong facts. LCTITAN quarter announcement is due 60 days after Mar 20 which means before 31 May 20 but Apr 20.
No company is going to have a good first quarter with the exception of maybe Glove industry and healthcare. What is important is not crying over the 1st quarter which is already done and looking forward for what is installed for the next 3 quarters. Does future earnings look exceptionally good enough for LCTitan to cover its first quarter?
Actually you see the top 30 shareholders have sold down in annual report from 2018 to 2019. So i believe they're actually doing the same when the price rebounded because they didnt have a good experience the past 2 years (understandable)
I wouldnt call it bad management. They are just conservative. How many ppl can sit on 3-4b cash and not spend / invest it. Just look around all your friends and their companies. How many can resist buying real estate, stocks, etc or over expanding. How many of your friends have real cash pile right now ? Did LCTitan not make profit every year and still gives a dividend to shareholders ?
The real answer to everyone cry and hue is the demand for the stock since IPO and this is coz Lotte Chem has 70% stake already. Did they sell down ? Im sure they would have increase their stake if they could. Im sure the thought of privatization was mentioned when share price dropped to 1.20 when cash per share is 1.7. Lotte Chem Group is top 30 worldwide player, you cant expect to understand what is their strategy and what they are doing behind the scenes.
Its the all the funds that lost money are cursing since IPO and unlike what you think, they thrive on short term speculation, insider deals and insider trading to earn your fund return. Now some of the funds are probably thinking this coming dividend is even better than FD at this price and probably why there is some interest again.
Always remember this. For someone to win, someone must lose in the market. So you need to do better than the funds and other short term traders then you will win long term.
Im on the technical side on Investment.Please dun listen to the fundamental people all the time.Things may be go astray.Remember LC Titan IPO rm 5.50 then when 2-4 percents up an drop till low of rm 1.Now Rm 1.50 range.I bought at rm 1.59 using near rm 32k to wait(joint account).Its drop over 70 percent since its IPO price.Already drop more than 3 years.Dear....
That error below.These statement is real.IPO price was rm 6.50.Its drop over 75 percent(based on rm 1:52) and over 2and a half year.If people can wait its a buy.Let give 6 month to 1 years.Its a bargain.
Posted by Michael Kwok > Apr 26, 2020 6:24 PM | Report Abuse X
Im on the technical side on Investment.Please dun listen to the fundamental people all the time.Things may be go astray.Remember LC Titan IPO rm 5.50 then when 2-4 percents up an drop till low of rm 1.Now Rm 1.50 range.I bought at rm 1.59 using near rm 32k to wait(joint account).Its drop over 70 percent since its IPO price.Already drop more than 3 years.Dear....
Michael Kwok 1787 posts Posted by Michael Kwok > Apr 20, 2020 2:40 PM | Report Abuse X
I already see the chart.Monthly oversold but hooking up,weekly oversold but hooking up.Good sign.I dun expect drop dramatically along the price recovery.These counter a proxy to play due to Covid 19.I set TP above rm 3.
Even napthan price drop , but the product price drop as well, please check the commodity price. The problem of this industry is oversupply concern and weak demand especially China. FYI, the company will undertake "scheduled maintenance for PP3 and creacker 1 btw Feb until early April20. "
Steve lctitan product's price remain satisfactory while cost will definitely come down the only concern is its market share overall its still positive a strong buy in my opinion
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....
xterrorsinx
327 posts
Posted by xterrorsinx > 2020-04-22 15:25 | Report Abuse
now there's real war between buyer and seller. 1m buy and sell at 1.55!