KLSE (MYR): LCTITAN (5284)
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Last Price
0.78
Today's Change
0.00 (0.00%)
Day's Change
0.77 - 0.78
Trading Volume
1,036,200
Ann. Date | Name | Details of Changes | Securities After Changes | |||||||
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Date | Type | No. of Shares | Price | Direct (%) | Indirect (%) | Total (%) |
reasons why must sell
1. high feedcost of crude oil above USD 80
2. finished products are consumer discretionary
in bad times people pull back spending
only consumer necessities like food people still must eat
3. China still dumping goods at cheap prices to dampen market
4. rise of diesel by 52% cause more pain of high operating cost
5. will see more downside
what is stable ?
🌴
Cpo at Rm3800 cost of Cpo production Rm2000
high gross profit 80% to 90%
better buy Tsh, rsawit, thplant , sop, taann, hs plant and Jtiasa
2024-08-01 11:13
Will suddenly fall like Rapid
After our warning on Rapid at Rm27.90 they did not listen to kind warning
Then?
Then Rapid rapidly crashed below Rm1.00
Now last call to sell Lactitan
2024-08-03 19:30
LCTITAN - looking for a buyer in a niche industry with integrated complex only able to see operational profit
Petronas - lose of revenue and income from handing over Sarawak oil and gas business to PETROS. In search for asset to replace lose of income and revenue, and plan to put emphasize into specialty chemical. LCTITAN fit directly into the missing jigsaw puzzle of Petronas..
Will the 2 shake hand?
2024-08-12 16:50
surprisingly that strong promoter of this lc so quiet for the last 2 weeks and the price is recovering now..so its better for him to remain quiet till $2..5555
2 months ago
CASINO DE BURSA is back!
Bet small, win small
Bet Big, win Big
Ini kalilahhhhhhhhh BFM (Bet For Malaysia)
1 month ago
Waiting petros petronas development to see more action in petrolchemical industry
1 month ago
According to the Korea Petrochemical Industry Association, China accounted for 42.9% of Korean petrochemical companies’ exports in 2020. That proportion fell to 36.3% in 2023 after Chinese petrochemical companies began aggressively investing in facilities starting in 2020.
China’s ethylene production surged 60% to 51.7 million tons in 2023, compared to 32.3 million tons in 2020. Its production volume is projected to grow to 56.0 million tons in 2025, according to industry observers.
China is 100% self-sufficient in its supply of basic petrochemicals such as ethylene and propylene, referred to as the rice of the industry. Its supply is forecast to exceed demand by 20% in 2025.
What's worse, China is dumping its products in Malaysia and other Southeast Asian markets to make up for reduced demand at home.
In the market of intermediate feedstocks such as paraxylene and propylene, which generate higher margins than basic petrochemicals, China is also emerging as a stronger player.
It is projected that China will meet all its needs for intermediate petrochemicals without imports by 2025.
Due to the supply glut, the ethylene-naphtha spread, or the difference between the prices of ethylene and its raw material naphtha, halved to $195 per ton in February this year, versus $398 in 2021. Its break-even point is about $300 per ton.
https://www.kedglobal.com/mergers-acquisitions/newsView/ked202403060014?_gl=1*m3inle*_gcl_au*MTg3MTcxOTI5OC4xNzMwMTgyMDY5
2 weeks ago
Whether it is steel, solar panel, EV, petrochemical, etc once China decide to be in the business, all you can do is to pray for survival, sell with any value you can get to the next bigger fool, or lobby for protectionism measure ( government to impose high tariff/tax on Chinese goods)
2 weeks ago
Lotte Chemical also plans to restructure the organization by selling ineffective assets and giving up loss-making businesses to improve its free cash flow by 5 trillion won by the end of 2025.
The South Korean petrochemical industry has been suffering from the rapid expansion of Chinese competitors amid oversupply and dwindling demand in the global market.
Lotte Chemical embarked on the process of selling its Malaysian unit Lotte Chemical Titan Holdings to scale back petrochemical operations.
https://amp.kedglobal.com/petrochemicals/newsView/ked202407050015
2 weeks ago
Klse should query the company about the delay. Necessary actions should be taken for the delay.
2 weeks ago
this business not making money
long time ago they already exploring sell the business
no potential buyer to risk their capital...
1 week ago
NTA dropped from 5 to 4 just in 3 quarter, cannot look at that anymore, mostly useless assets
5 days ago
surprisingly the lonely promoter is totally quiet now and missing in this forum liao..rr alreay???
5 days ago
I steady punya. Continue hold him until die together.
Now lctitan got shortselled by IBs.. those who come out with damaging report will be the one doing it.
Last time airasia did kena shortsell from rm3 until below rm1. After that, go back up fiercely again. In next 6 mths
So look at next 6 mth, around april may june 2025 already
5 days ago
kevinobc
below rm1 ... soon... falling knife ahead....
2024-08-01 10:47