METALS 27 Apr 2021 | 13:29 UTC Insight Blog Historic global steel price rally sweeps iron ore to all-time high
Author Julien Hall Commodity Metals Topic Commodities 2021, COVID 19: Coronavirus Outbreak The staggering recovery of global steel demand last year has driven the market for its main ingredient, iron ore, soaring in recent months, and helped S
According to someone working in chemical industry. demand is over supply now more good results coming. accumulate more while dip. US stimulate package will lead global economy up. At the meantime high inflation coming. Lctitan is not a bad company previously doing bad due to competitive with low margin now is turning point. Game just start join it before too late
I book the profit first. The 2 q results is 3 months away . Local Market is weak without foreign and local institutions buying. When only few buyers around price will correct even if the company is very profitable.
Hope this performance could be repeated in the next qtr then nobody would want to sell lor lets say the dividend is 15 sen at RM 3 is very cheap lor bcoz the yield is 5 . Nowadays very hard to find stocck that gives 5% yield mah except gloves stock but lctitant is safer than gloves mah coz valuation is dirt cheap unlike gloves so buy lah dont wait for IB to tell you lor
With 50% dividend policy, assuming sustained profits over subsequent Qtrs, RM500 mil to RM600 mill payout is not unreasonable. At current prices, div yield can reach 10% or even more. No brainer for institutional funds not to grab LCT shares until at least 4% div yield or even less if interest rates remain subdued/low.
even if its eps is 10 cents...its pretty impressive as oil price can only go lower compared to last qtr - further widening the margin spread between product and raw mat
Hence, the company expects an improved overall outlook for the petrochemical industry as its key polymer products have seen surging prices, with market polymer ASPs up to US$1,100 (RM4,461.60) per metric ton in the fourth quarter of 2020 (4Q20) and expected to rise above US$1,200 per metric ton in the first two months of 2021.
This came after polymer ASPs hit a trough in 2Q20 during the height of the global Covid-19 pandemic, when the market’s polymer ASPs fell to around US$800 per metric ton.
Park noted that two of the company's key products, namely low-density polyethylene (LDPE) and polypropylene (PP), are currently fetching significantly higher ASPs of around US$1,550 per metric ton (as at end February 2021) — the highest since the industry experienced a downturn beginning 2018.
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current ASP avg of LDPE and HDPE (referring to sunsirs chart) is about CNY 10,050 which translates to USD 1,550
as such next qtr results should be even better than current
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....
paktua73
18,324 posts
Posted by paktua73 > 2021-04-28 15:42 | Report Abuse
yes true pang72..
we conman..
but..
always sitting in big money at last haha..
tut tut
lai lai laaaa