Don’t know it would go down further but I just bought a few more tickets to accumulate. The chemical market is very good lately, well got extra money can buy some, myself has position some at pchem, samchem as well.
It is either production cost being increase or the demand for chemical products were too good that causes the increase of naptha.... LPPL.....who knows what will came out the end of July? Good or bad surprises?
PUBLIC SHAREHOLDINGS SPREAD LOTTE CHEMICAL TITAN HOLDING BERHAD
Type Announcement Subject PUBLIC SHAREHOLDINGS SPREAD Description LOTTE CHEMICAL TITAN HOLDING BERHAD ("LCTH" OR "THE COMPANY") - Status on compliance with the Required Public Shareholding Spread We refer to the Company's announcement dated 30 April 2018 and wish to inform that Bursa Malaysia Securities Berhad (“Bursa Malaysia”) has vide its letter dated 18 July 2018 approved an extension of time of 6 months until 23 January 2019 to comply with the public shareholding spread requirement pursuant to Paragraph 8.02(1) of the Main Market Listing Requirements.
Based on the Record of Depositors as at 30 June 2018, the public shareholding spread of LCTH is 23.97%, which is below the minimum public shareholding spread requirement.
The Company will use the extension of time granted by Bursa Malaysia to work on a rectification plan to address the shortfall in the required public shareholding spread.
This announcement is dated 18 July 2018.
Announcement Info Company Name LOTTE CHEMICAL TITAN HOLDING BERHAD Stock Name LCTITAN Date Announced 18 Jul 2018 Category General Announcement for PLC Reference Number GA1-16072018-00040
Ipo was 6.5 ...recent AGM promise good quarter result now investor lack of confident... management better work harder for the coming qtr to gain back investor confident.
Q1 report noted that, selling price is lagging rising feedstock cost.....let's see, perhaps the rising cost from Q1 is reflected in selling price in Q2 .... exact relationship/effect might be more complicated.
On yearly basis, LCTITAN should be better than last year on the premise that extra capacity from new plant expansion (2H2018), higher demand/ better margin due to China blue-sky policy etc. And hopefully no fire/water incident like last year ......
i think the return will only gets better in end 2019 to 2020 onwards when the extra capacity from their expansion in Indonesia and the shale gas project takes place
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....
Evolution4
37 posts
Posted by Evolution4 > 2018-06-25 19:33 | Report Abuse
yes dividend received