Choivo, if Rm300m n above i quit, if not please stop bloggin stupid articles, using 10x pe on such a cyclical stock on peak earnings vs saying supermax is worth RM2 hahaha
I just dont understand why always must have negative people. Please F off Primeinvestor, please leave this stock forum if you don't believe in it, simple as that. Anyway you wait 31st October. Everyone here will hold until after results. Good luck hng33 me just sailang too at 2.08! Let's go RM3!
OTB is a self proclaimed stock guru whom won the stock pick competition long time ago. He had bad results in recent years though. His job is a remisier. Something like that.
Sometimes he is right and sometimes terribly wrong.
Posted by soros228 > Oct 1, 2020 12:08 AM | Report Abuse
Thanks bro. His result is bad; if he recommends this counter then how la ? ------------------------- Ans : There is no sure win in stock market, it is important that you have more right than wrong, then the probability to win is higher. Please tell the truth, talk without facts and figures to bad mouth a person is not a good act.
Assume I started with RM 100,000.00 in 2013. 2013 - 104% ROI - My total value is now RM 204,000.00. 2014 - 61% ROI - My total value is now RM 328,440.00. 2015 - 129% ROI - My total value is now RM 752,128.00. 2016 - 22% ROI - My total value is now RM 917,596.00. 2017 - 87% ROI - My total value is now 1,715,904.50. 2018 - (42%) ROI - My total value is now 995,224.60. 2019 - 175% ROI - My total value is now 2,736,867.60.
My ROI gain 2,637% in 7 years. Is the above result bad ? Thank you.
We are talking about 2 Qs,, not a year..In fact, according to OTB who said to have most of his money invested in Gloves, he invariably advised time and again to unload all glove counters BEFORE the end of 2020...In I3, most are punters laa
Read all comments, consider or thank those with objective or constructive comments, disregard those comments not to uour iking, post your comments if wish to contribute. Make own decisions at the end.
Rileks folks. Do your own reading and analysis. No need to discredit and discourage others. If you are smart traders/investors you would pick up that lctitan will issue growth in next QR announcement this end Oct. this is not penny or mickey mouse company. My TP is rm3.20 with min 50pct growth QoQ. I only have 50k units, thinking of taking profit from HLT and pump to lctitan ;)
On the TP, im sticking to what i said in the article.
"For me, the target price is dynamic.
When this article releases, and PP, PE and Butadiene prices shoot through the roof, it should increase to somewhere around RM2 to RM2.5 by 31 October 2020 as market now anticipate the strong projected profits.
I’m being conservative on this one, as there are quite a few fund managers who have been traumatized by this company and want to get out. This amount may be higher, if the telegram groups start promoting.
Personally, I’m projecting around RM550m or more for Q3, which is an all-time high quarterly profit.
But to be conservative, let’s say I’m wrong on this one, and its only RM350m.
Well, currently the market is pricing this company on a price to book basis, with the company not being worth much more than its cash, as most people still think this is some random petrochemical company that will suffer during this COVID, instead of one that will make record profits.
The results will surprise most of the people and result in an increase in share price, but as the market may still think the profit may not be sustainable, it may only increase to RM3-RM4 post Q3 results, as people want more proof.
Now, im certain Q4 will also be at least RM400m-RM550m in profits.
When this happens, suddenly, in the mind of the public, this company’s survival will no longer be in doubt, instead people will be thinking about all the expansion plans this company has.
They will think about the US associate contributing RM150m a quarter.
They will think about the Indonesia PP and PE plant which will grow revenue to RM25bil etc.
And then, suddenly, they would want to price in the growth and maybe push it up higher to 10PE.
This is where it will go up to RM6.5 or more.
The most lucrative investment is one where people go from thinking the company dying (and thus valuing it on Price to Book Basis), to thinking it will now be making supernormal profits with strong potential for growth, and thus valuing it on a Price to Earnings Basis.
And I think LCTITAN is one of these stocks with a lot of catalyst upcoming.
Needless to say, quite a few things have to line up very well in order to hit the RM6.5 target price, but I think the odds are pretty decent.
Buy and sell it at your own discretion. This is my target price, set your own based on your own observation and understanding of the situation."
My thinking will naturally adapt to any new information. I may or may not decide to update you guys if my thinking changes.
I think my piece is comprehensive enough for you guys do your thinking on your own TP etc
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....
Seeyounoup
1,201 posts
Posted by Seeyounoup > 2020-09-30 16:38 | Report Abuse
ya, mf u very noisy , no people like your comment.