soros228 these syndicate quiet meant they buying if they promote we sell got it conman tricks dont trust them 11/11/2020 10:34 AM ======..================
quite weird.. Past few days, KL index down, it up, KL index up, it down what is brewing on..good or bad..that is why i usually mention, for investing luck is important..
Group revenue decreased by 23% (or RM 1,485.4 million) from RM 6,464.1 million to RM 4,978.7 million due to decrease in average product selling price and sales volume. The COVID-19 pandemic have affected regional economy resulting in poor business sentiment and weakened demand. Regional businesses display sign of recovery with recent improvement seen in average product selling price and sales volume. Apart from the virus outbreak, reduction in production quantity resulting from the major statutory plant turnaround conducted in 1H 2020 has also caused the decrease in sales volume.
The results of our operations for the financial year ending 31 December 2020 are expected to be primarily influenced by the following factors
(a) The demand and supply balance of petrochemical products in the market;
(b) Our ability to maximise production outputs and operational efficiency;
(c) Petrochemical product demand moves in tandem with overall global GDP growth, driven by consumption and population growth; and
(d) Feedstock prices which is correlated to crude oil prices.
The International Monetary Fund in its latest report has noted a less severe economic contraction for 2020 than it initially expected. This is following the better-than-expected 2nd quarter economic recession in major developed and emerging economies, led by strong recovery in the Chinese economy. The softened impact was also supported by the massive fiscal countermeasures and accommodative monetary policies implemented by all major economies in the onset of the COVID-19 pandemic.
Nevertheless, the recovery outlook remains fragile with high degree of uncertainties for now, as it will be dependent on the pandemic recovery trajectory.
@probability... Margin squeeze,... 4.1% profit on sales qr3. Still had feedstock in their inventory when naptha was high... Oil prices going to remain low for a long time. Margins may improve even with lesser volume, no? 17/11/2020 7:53 AM
yup...plenty of oil supply will maintain oil price low..however with the vaccine, demand should pick up on lctitan products...increasing the margin
ironically O&G stocks already climbing up fast with vaccine news
and yet LC titan seems confused where to go
Posted by Tkeng > Nov 17, 2020 8:14 AM | Report Abuse
@probability... Margin squeeze,... 4.1% profit on sales qr3. Still had feedstock in their inventory when naptha was high... Oil prices going to remain low for a long time. Margins may improve even with lesser volume, no? 17/11/2020 7:53 AM
@probability ironically O&G stocks already climbing up fast with vaccine news
and yet LC titan seems confused where to go ========..==================..========== Very good comment. This is the issue of Lctitian. Biden support green energy..shale oil production will reduce. Oil price will surge..
@Nepo... Vaccine news will be vastly beneficial to lctitan... Material for syringes.
Nepo @probability ironically O&G stocks already climbing up fast with vaccine news
and yet LC titan seems confused where to go ========..==================..========== Very good comment. This is the issue of Lctitian. Biden support green energy..shale oil production will reduce. Oil price will surge.. 17/11/2020 11:28 AM
1st round from IPO RM 6.50 dropped to RM0.99 due to profit decreased over the years 2nd round from rock bottom RM 0.99 push to RM 2.50 with only marginal profit reported 3rd round ...story continue..who can predict it right who can earn handsome return..
Will the market crash if budget 2021 cannot be passed this coming Thursday (26/10/2020)? These are the 4 possible scenarios:
1. Parliament will be dissolved and a snap election will be called 2. A state of Emergency in the whole country will be declared by YDPA 3. Muhyiddin will resign and YDPA will appoint an interim PM 4. YDPA will appoint a new PM who has majority MPs support. A new budget 2021 also will be tabled by the new appointed PM.
Will the market go down? Will it crash? Take profit now or wait?
many people still dont get the meaning of 95% effective vaccine.
with current desperation from all businesses worldwide, vaccination worldwide will be done within months
every single business - you name it...will want to help to get this done as quick as possible, people cant wait for travel and holidays for life to return to normal
its done deal - max 12 months and the economy will be booming with added boost from pent up demand
its not easy to find an investment that gives 10% return in a year
you need to see the future in advance and take a strong bet
J&J's coronavirus vaccine candidate, though, requires only one dose.
This could give J&J a significant competitive advantage over its rivals. A single-dose vaccine would have a lower cost than a two-dose regimen. People would also be more likely to want to receive a vaccine that they only have to take once.
Johnson & Johnson also won't have the ultra-cold storage requirements that Pfizer's vaccine has. Its COVID-19 vaccine can remain stable for up to two years at around minus four degrees Fahrenheit and for up to three months at temperatures between around 35 degrees and 46 degrees Fahrenheit.
In addition, J&J beats Moderna when it comes to production capacity. Moderna has stated that it will be able to make around 500 million doses of mRNA-1273 next year, although the biotech says that it could "possibly" up that to 1 billion doses. J&J is on track to produce more than 1 billion doses per year.
Five federal agencies have started telling employees they could receive Pfizer or Moderna’s Covid-19 vaccine in as little as eight weeks as the U.S. prepares to distribute the potentially life-saving doses across the country, according to a person with first-hand knowledge of the plan.
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....
Nepo
3,416 posts
Posted by Nepo > 2020-11-10 22:45 | Report Abuse
I think tomorrow lausai..