I was looking at Genting too but I chose Suria instead as I dont want to gamble on recovery story and when it will happen. This is a worldwide issue on tourism decline due to covid and everyone including Europe, Japan, etc and we dont know if this is 6mths or 1 year or if they numbers will come back at a lower amount
I know Airasia is cheap now but i just dont like the idiot. He has no backbone seeing how he switches sides so fast, and he is obviously took a huge bribe from Airbus and got off 'scott-free'. Imagine if he has given that saving to the company and shareholders, how much interest he could have saved. So i dont feel he does things in best interest of company
Anyway Airasia success is purely political. Locally he can do well coz he can get approval for all the profitable routes. On an international stage ( AAX), see how they do when its a level playing field.
@raider Agreed. Just buy la. People should not talk about gloves etc Looking at the comparison NTA PChem 3.80 Px 6.30 NTA LCTitan 5.30 Px ... shud be 8.80?
Basically they are one of the largest chemical product supplier in Msia. Not surprising if they are involved in glove making materials. Only question is how much
Please read.U see Wht I write before and check the chart.
LC Titan blog(rm 1.59) Michael Kwok 1744 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.
LCTITAN have more secure than glove counter. Vaccine news is a good news for LCTITAN, because vaccine need syringe so demand for pp will be great. While Vaccine not out yet, glove need butadiene to produce nitrile glove. And Naptha price so low to boost the company earning.
After profit taking on Monday due to window dressing last week, then it is the time to top up. I think it is a good opportunity to ride through this tide..
Tp 3 is coming since someone had just found out this company makes butadiene which is one if rhe element in synthetic rubber! That why a big amount transaction at friday before closing. I think someone had just found out lctitan is one of the supplier in glove and also provide vaccine for pp. Let us ride all the way up!
The key is the price of HDPE spread has rebounded to pre 2019 level. That in 2019 the spread narrow substantially the price drop to below 2. Now that the spread has gone back up to pre 2019, it’s not impossible to go back up to 5. Technically they is not much resistance till 3. So enjoy the ride.
No worries, good time to accumulate more. Be patient after moving from 1.90 to 2.50 surely got many profit taking. Actually it move so fast that I missed out buying. So now good time to buy.
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....
BornToSpeculate
465 posts
Posted by BornToSpeculate > 2020-05-30 08:53 | Report Abuse
I was looking at Genting too but I chose Suria instead as I dont want to gamble on recovery story and when it will happen. This is a worldwide issue on tourism decline due to covid and everyone including Europe, Japan, etc and we dont know if this is 6mths or 1 year or if they numbers will come back at a lower amount
I know Airasia is cheap now but i just dont like the idiot. He has no backbone seeing how he switches sides so fast, and he is obviously took a huge bribe from Airbus and got off 'scott-free'. Imagine if he has given that saving to the company and shareholders, how much interest he could have saved. So i dont feel he does things in best interest of company
Anyway Airasia success is purely political. Locally he can do well coz he can get approval for all the profitable routes. On an international stage ( AAX), see how they do when its a level playing field.