Totte ...your belief is what i believe...just that i simply think it gonna be higher like 7...hahahaha. If not happen this month, After Qtr on may is a sure thing!!! Then this year end into index!. Thus i feel LCTITAN is more potentialthan Hxxta & Dxxlxg... Please dont condemned it i hold a few pieces at these two counters too... :p ... so guys i told the truth , these counters also value worthy for investment, but potential wise...LCtitan!! money money HOME!!
Lctitan is in recovery share price as value buyers accumulate. Capacity expansion projects will add to product volume growth and also provide efficiency gains from the new and modern production facilities TE3 (commenced on 16th Dec 17) & PP3 (expected pull earlier to start commence on June'18).
I constantly read several articles reported PP, resin & PE price up by 20% ~ 30% due to tight supply vs demand market for petrochemical products especially for Asia market. Compare to initial Feb'18, ASP price was 5% ~ 8%, it appear that ASP petrochemical is getting higher now.
Just be patience, as long as LCTITAN's 3 main key point recovery on track, it should be fine. (1) demand and supply balance of petrochemical products; (2) ability to maximise production outputs and operational efficiency; and (3) feedstock prices stability, which are correlated to crude oil prices
Thanks @Martinam. Hope upcoming LCTITAN's mgmt able to deliver good Qtr earning result based on macro economy trend change. I just share what is reported in real macro economic moving direction for potential stock to grow big.
Recalled back on last year 2017 mid June, when I spotted Topglove Hartalega & Kossan research reveal sudden unexpected butadiene nitrile raw price material big drop from $3100 to $1300 (70% drop), that trigger my decision to buy & hold. That bring me a good big fortune return profit!
Hope this time, petrochemical sector rebound back high for both LCTITAN & PCHEM. I always trust, once done all your studies and research... just be patience and let the next 6mths to 18mths take its path for growth opportunity to win Big.
Good info to share here: ------------------------------------ There will be a global supply shortage of petrochemical products soon as China pushes ahead with new tighten environment policy rule in Mar'2018. Lead to more China's petrochemical plants closure & relocation, impact on the overall structure of the chemical industry, cause much longer cycle time for plant to recover in medium to long terms.
New China tighten environment policy rule bring to industry consolidation as the weakest and smallest players will not be able to afford the necessary production upgrades. Major shutdown and relocation of chemical plants, cause further supply shortage in the market. As a result, increase in imports subsitution outside of China, thus increase in ASP price margin due to shortage in global petrochemical products.
Confirm, global petrochemical supply shortage is True, analyst expected PCHEM earning will improve in coming Qtrs result. The only issue is, PCHEM valuation is expensive, buy more or how depend on your own justification. No right or wrong!
If rethink properly, actually we all know right now there is a major supply shortage of petrochemical globally. Trade war btw US-CHINA will only make US petrochemical product ASP price after tariff hit getting more expensive for US product ship to China. As a result, this actually much beneficial to South-east Asia petrochemical producers as Asia's petrochemical & other products price get much lower than US products due to no tax impose toward their products price.
Try to look into business common sense concept, is US-CHINA trade war will affect all finished products or commodities in the global market? As long as there is still high demand vs supply shortage, overall business fundamental will not impact and growth proportionally reflect to supply-demand macroeconomic justification.
this is all because of that f*cking moron in the white house and the trade war he is starting. Anyway, lctitan is a solid company and this drop provides buying opportunities.
I hope investors here are mature, don't blindly follow market noise. US has not passed the $50bil import tax yet, giving 60-days for citizen Parliment vote to response 1st, pending market response 1st. That's also apply to CHINA, still hold-on on when the effective implementation date will be.
Anyhow, US-CHINA trade war is ZERO or less impact to Asia petrochemical products demand, but in contra this actually help Asia's products demand increase much higher, better ASP selling margin price level due to US product much expensive (result in tax impose on US products, not on other countries).
Plus, you are buying good undervalued PE<8, multi-billion Korea Lotte corporate company, not high PE or penny stock, potential growth production capacity expansion (TE3 & PP3), recovery >90% production efficiency, high demand vs supply & cash-rich company (no debts).
Unless there is major crisis on its business fundamental or gloomy business sector, otherwise why sell as if like the end of the world is coming? As if you are have no experience or knowledge in investment at all, blindly join the crowd herd for panic selling without assessing the impact.
p/s: Maybe I should write less in future, sharing my info and research on stock selection sometime quite tiring, let market decide the future flow.
US Dow Jones rebound strongly from -500pts early to +200pts, & projected to keep on going up as earning season coming out starting mid April. Those who sell their share ystdy, goin to be regret and lick their own irrational action, not think before react. This just a side show from Tump, a bargain card talk with China. Trump's economics advisor are talking with China now, probably trade war wouldn't happen as it kill US trade revenue more severe than China does.
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....
Totte58
27 posts
Posted by Totte58 > 2018-04-01 11:12 | Report Abuse
I believe retailer or banker will push it above 6.7
To get more conversation.