If oil up, they could have one time gain depending on their inventory level and raise average selling price, just like how petronm and hengyuan gaining profit when oil price up.
They are the price setter now that a lot of chemical plant in Texas are not operational yet due to hurricane incident
so pet chem is EPS 40, while LCT is 36 after 3 quarters. By 4th quarter, I guess both lebih kurang sama saja. So are the IB targets realistic for LCT? Time will tell!
Gick, your spirit is very invigorating. However notice that the market maker now makes it very difficult for anyone having T4 intentions. The current trend for LCT's price movement looks very institutional like. Its good for holders but most of the time it is boring. He is still toying around with the prices in search of sellers. In a way, it is also good, so that so that we don't have to care and leave the daily noises aside, and see the stock performance in January 2018. Its no point trying to anticipate the market maker's move and his whims and fancies!
Gick, bro tak boleh compare with this 2 corporate animal, Petronm and HRC. LCT number of shares outstanding is about 7 to 8 times bigger than Petronm and HRC. In fact. Petronm is even fiercer than both. 70% shares held by Petronm Corp Phil. no substantial shareholders. Even corporate or institutional holders mostly only 2 to 3 % ownership. Very small free float. Market maker having a gala time anytime any day. HRC and Petronm about 270 -300 million shares. LCT now about 2230 million shares. LCT free float is about 23%, about 500 million shares. That is why market maker exercises lots of caution in its buying and selling. Assuming conditions remain with respect to number of shares outstanding and business performance, LCT even in 3 years time will never match Petronm or HRC. Only god knows! Again, Petronm and HRC is the Cheetah and Gazelle, whereas LCT is an Elephant. But the good thing is that you can dance with an elephant! Ha.ha.ha
Walao, if counter is 50 sen and down by 1 sen, it is 2% reduction. No panic button being pushed. I think if RM 5 down by 11sen, about 2%, don't run , look-see look-see first, and then decide whether to walk away. Don't run. What is so fearful about stocks. You wont die, will you?
Bloody hell, how did the LCT market maker anticipate that sentiment in the evening will go negative. Others like Pchem, Hengyuan, Petronm all taking u turn southwards!
My stop gap measure is to exit if it touches 4.98. The sentiment is not very good now. MY view is that if it goes below 5, and if on the same day it does not move over 5, then be prepared for another downward move to 4.75. But again for what reason does the playmaker want to press down below 5, if there is no serious drawbacks such as fire and so forth. What he is doing now is toying around with sellers, which is bloody.... trying to create fear and uncertainty. Again, the direction is very uncertain now. For all you know, in the afternoon he might just say bye-bye to those sellers today.
If you read yesterday, Morgan stanley slapped the malaysian market with a downright deserving comment: the worst performing equities market in Asia. Serve Bursa and the nation right.
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....
asturay
189 posts
Posted by asturay > 2017-11-09 09:18 | Report Abuse
Bravo.up5