Posted by limpek > 2021-07-02 11:56 | Report Abuse

As at 1/7 LDPE is around usd 1573 while the naptha cost is around 633. the spread is around $940 which is higher as compared to Jan'21 to Mar'21

Posted by kc5305 > 2021-07-02 12:17 | Report Abuse

What is the support level or levels. Pls advise tq

Posted by rr88 > 2021-07-02 12:25 | Report Abuse

Support level?

While you syok2 looking at this stock, you should be looking at the index now as well. It has dropped out of a channel the day b4 yesterday. It is now well on its way to 1454. Thats 80 pts below current level. It will affect all stocks.

So i let you imagine what would be the price when index hits 1454.

Lari kuat2.

Posted by Anyway5890 > 2021-07-02 12:32 | Report Abuse

rm2 is coming.

Posted by SDR245 > 2021-07-02 13:03 | Report Abuse

Downtrend

Posted by Lukesharewalker > 2021-07-02 13:10 | Report Abuse

Business is worth nothing? Cash per share is already RM2....let see how low it goes...bargains galore

Posted by Lukesharewalker > 2021-07-02 15:11 | Report Abuse

LC titan is cash rich likely to survive this crisis

Posted by titan3322 > 2021-07-02 15:38 | Report Abuse

Some insiders may know the results by now maybe no 400mil but just 280 mil maybe but I am adding for the 20 sen dividend at this price it is good buy

Posted by TCLEOW75 > 2021-07-02 17:11 | Report Abuse

30 cents dividend? When?

Posted by Nepo > 2021-07-02 18:31 | Report Abuse

Now this stock is primarily collected for dividend..

Posted by SmartM > 2021-07-03 23:22 | Report Abuse

is oil price rise good for the company? they can sell with higher price?

Posted by Bgt 9963 > 2021-07-04 10:10 |

Post removed.Why?

Posted by titan3322 > 2021-07-04 16:57 | Report Abuse

The info by limpek is most reassuring

Posted by Anyway5890 > 2021-07-05 09:29 | Report Abuse

congrats, rm2 is coming

Posted by titan3322 > 2021-07-05 09:41 | Report Abuse

@Anyway5890 I ardy parked a bus at 2.60 hope you can short it to this level

Posted by Anyway5890 > 2021-07-05 09:51 | Report Abuse

titan, no problem bro, 2.6 by tomorrow

Posted by imvu > 2021-07-05 09:51 | Report Abuse

daily sudah oversold , harga pulak sudah dekat support trendline , adakah masa terbaik untuk mencari entry ?

Posted by imvu > 2021-07-05 09:53 | Report Abuse

ni kalau naik ni .. boleh rm4

Posted by titan3322 > 2021-07-05 10:50 | Report Abuse

ok good Anyway5890 2.60 got min 20 sen dividend tq bro

Posted by Lukesharewalker > 2021-07-05 10:57 | Report Abuse

Oversold like mad. Rsi single digit. Rebound is eminent

Posted by Lukesharewalker > 2021-07-05 10:58 | Report Abuse

Lol. Like going bankrupt. 4.5 billion cash and debt free

Posted by Markv572421 > 2021-07-05 11:31 | Report Abuse

noob counter

Posted by limpek > 2021-07-05 13:03 | Report Abuse

Lctitan
Analysis based on the 31 March 2021(latest) quarter results

RM Per share
Net assets 12,466,724 5.39
Net current asset 5,988,836 2.59
Difference 6,477,888 2.80

Actual market rate
Market cap Share price
Share price 6,126,800 2.65
Net current asset 5,988,836 2.59
Business value 137,964 0.06

Net cash per share 2.03


since market only value its current business (includes its investment in associates of RM2.2b) at only RM137,964 (RM0.06 per share). The management should consider to scrap off their investment idea in Indonesia and return all the excess cash which is RM2.03 per share as dividend to the shareholders becoz the market did not even give a damn to their business as for the market it is worth nothing.

Posted by Lukesharewalker > 2021-07-05 14:31 | Report Abuse

Why would someone sell so low? Maybe margin call?

Posted by Lukesharewalker > 2021-07-05 14:42 | Report Abuse

Besides how can you value the business at 6 cents when the nab is 5.48. Don't be a joke....

Posted by Lukesharewalker > 2021-07-05 14:43 | Report Abuse

I think when QR is out it should head towards nab figure

Posted by Lukesharewalker > 2021-07-05 14:49 | Report Abuse

Why would a 300000 units seller dispose by parking at 2.65? Lol

Posted by enning22 > 2021-07-05 15:06 | Report Abuse

Russia and Saudi Arabia have reportedly reached a preliminary deal for OPEC+ to gradually increase output by 2 million barrels per day between August and December, Reuters said, citing an unnamed OPEC+ source.

This is this unofficial sourcing coming out of a meeting of the JMMC, which was still ongoing as of 13:00 EDT.

Posted by titan3322 > 2021-07-05 15:48 | Report Abuse

JPM target price for lctitan is 5.50. This IB call on Gloves stock appears accurate

Posted by siaokar > 2021-07-05 15:50 | Report Abuse

cash rich co. but let it detox first. dont rush coz now is late comers the winner season.

Posted by nnara2401 > 2021-07-05 16:15 | Report Abuse

Good idea.. i will hold and accumlate few more

Posted by limpek > 2021-07-05 16:48 | Report Abuse

I think we should write to their management. Ask them about the rational behind the investment in Indonesia becoz the petrochemical business is currently worth nothing as per market. Then ask the management to return the RM2 per share as dividend to all the shareholders.

Posted by limpek > 2021-07-05 16:50 | Report Abuse

Bcoz The management is responsible to maximise the value to shareholders, If the investment does not add value, it shud consider to return to shareholders as the best option.

Posted by Anyway5890 > 2021-07-05 16:57 | Report Abuse

continue dropping tomorrow

Posted by Bgt 9963 > 2021-07-05 17:05 |

Post removed.Why?

Posted by EatCoconutCanWin > 2021-07-05 18:17 | Report Abuse

Continue drop until kyy N geng margin call, then will up again. Not sure what price but normally 40-50% drop

Posted by kc5305 > 2021-07-05 19:04 | Report Abuse

Lctitan want go Indo set up factory. But c19 there is extremely bad. Bad news upon bad news.

Posted by Lukesharewalker > 2021-07-05 20:31 | Report Abuse

They should announce bonus issue

Posted by Lukesharewalker > 2021-07-05 20:46 | Report Abuse

5.5 billion in retained earnings

Posted by xcu843 > 2021-07-05 23:49 | Report Abuse

Rubbish counter

Posted by Lukesharewalker > 2021-07-06 08:34 | Report Abuse

Oil is usd 77 today....

Posted by Lukesharewalker > 2021-07-06 08:35 | Report Abuse

Easily 1 for 1 bonus

Posted by Bgt 9963 > 2021-07-06 08:40 |

Post removed.Why?

Posted by Lukesharewalker > 2021-07-06 09:16 | Report Abuse

Road is clear

Posted by titan3322 > 2021-07-06 09:20 | Report Abuse

Today greeeeen bro

Posted by nnara2401 > 2021-07-06 09:24 | Report Abuse

too late now, wanted to buy at 2.6. Looks active now.

Posted by Lukesharewalker > 2021-07-06 09:25 | Report Abuse

Uptrend until QR

Posted by titan3322 > 2021-07-06 09:29 | Report Abuse

Yesterday 2.60 I kena 20K unit today jual also untung banyak

Posted by titan3322 > 2021-07-06 09:31 | Report Abuse

Operator press up and down same beneficiary

Posted by xcu843 > 2021-07-07 09:59 | Report Abuse

Up trend now