Was previously in a correction/retracement phase and today, there is an Inverted hammer candlestick formed. This is a very good sign for the end of its healthy retracement.
There should be some significant movements in this counter in the coming week. Hang on tight for now.
Fundamentally, the company is doing excellent as well. Not some goreng counter. Many people, including me are expecting great results in their upcoming QR that might serve as a catalyst in its share price.
Support: RM 2.75, RM 2.70 areas Resistance: RM 2.80, RM 2.88, RM 3, RM 3.35 areas
tommyleong it depends very much on the asp of its products when naptha was 550 it made very decent profit too hope the whole year earnings will at least 18 sen per share so that shareholders will get at least 9 sen a share dividend
Strong showing lately. Should be good QR coming soon. Based on current good market for polymers, Q4 profit can be expected to double that of reported Q3 results. Let's hope well for LCT this round.
Great, good QR as expected this round. In fact recall that LCT made one-off disposal gain from its US associate in Q4 2019 which inflated profit in 2019. Hence, normalized YoY earnings for Q4 2020 seem much higher (normalized YoY PAT close to +300% as stated in their announcement)
And this company even further increased to RM 4.2 billion worth of cash equivalents and liquid investments. One solid company to ride through the pandemic period.
Hi, i'm a newbie, and I just want to ask. Why is this QR result good if it is a 19% profit decline compared to the past year? Also is 2.63 a good price to buy?
investingnewbie You may need to read further into their financial statements. LCT reportedly made abt RM 140 mil one-off gain from a disposal in Q4 2019. If we use normalized earnings for comparison, the YoY in Q4 2020 is much higher in fact. (~RM 150 mil v. RM 50 mil)
stockraider full year earnings only 6.5 sen div policy is to distribute 50% of its earnings but nothing to stop them from giving a special dividend haha
the share price always drop after qr release. maybe because it has been red Y-o-Y for the past 4 quarters. Perhaps next quarter only the price go up after qr release since it will definitely be green Y-o-Y
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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....
Kon Lim Chai
446 posts
Posted by Kon Lim Chai > 2020-12-21 17:50 | Report Abuse
President Lee Dong Woo resigned. Anyone knows the reason?