Something to be noticed is when LCTITAN share price reach RM6.50-RM7, LCTITAN will have high chance to get shortlisted and enter FBMKLCI (Blue Chip!). If this really happens, many fund manager will started to dump money in this share as even at RM 7, its DY still above 3%. My 2 cent opinion base on a lot of previous experience. Recent example: PMETAL.
Further self-research to understand what is global petrochemical market forecast outlook alike in next 5years. To my surprise, across all global world analysts & economist prediction, it stated that global petrochemicals industry market expected to reach a value of US$885.1 bn by the end of 2020, exhibit a progressive 6.80% CAGR between 2017 and 2020.
That's mean, global petrochemicals market is very healthy and on further growing path of 6.80% GAGR growth of total year to year expansion. That's answer my query why across all countries US, China & South-east Asia expanding their petrochemical plants in last recent years as demand vs supply is not enough to meet global demand, thus expand their output production & efficiency.
Global Petrochemicals Market (market research) - snapshot: ---------------------------------------------------------------------------------
The global petrochemicals market is growing at a significant pace and is likely to witness a healthy competition in the next few years. The increasing focus on the expansion of the product portfolio and the rising application areas are anticipated to encourage the growth of the global market throughout the forecast period. The market is likely to witness a substantial demand from emerging economies worldwide. Furthermore, the development of the automotive sector and the increasing construction activities are predicted to supplement the growth of the market across the globe.
According to the research study, the global market for petrochemicals is expected to reach a value of US$885.1 bn by the end of 2020. The market is likely to exhibit a progressive 6.80% CAGR between 2017 and 2020.
Undervalued still with cum dividend of 23 sen. To the IPO investors, jangan merajuk, average down while you still can and enjoy the bull ride though will be bumpy along the way.
I think it is much easy for fund managers to push Titan to IPO price RM 6.50 with lower PE and higher yield compare to press metal and hartalega. Once Titan included in klci, they will enjoy higher valuation for Titan, similar for price..
Yes once in KLCI on radar screen. Undervalued stock. Fair value 10.00 given it's peers in KLCI. Expect a breather on it's march to 7.00 Target cross 7.00 by end-March.
In d reserve list of klci, lctitan just behind harta. If lctitan continues uptrend, mostly likely admision into klci together with harta n kickout ambank n astro
You guys only need to know it will be bullish till Rm 12 in two years time now. Near term Rm 9 should be no problem macro environment has benefitted LCtitan as for the need and price have increased.
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....
ITreeinvestor
327 posts
Posted by ITreeinvestor > 2018-03-08 15:26 | Report Abuse
wao, wait 2 months can get 4% ++ interest. where to find such a good deal.