KLSE (MYR): LCTITAN (5284)
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Last Price
0.605
Today's Change
-0.035 (5.47%)
Day's Change
0.595 - 0.64
Trading Volume
3,899,400
2024-12-22
2024-12-16
2024-12-16
NTA dropped from 5 to 4 just in 3 quarter, cannot look at that anymore, mostly useless assets
1 month ago
surprisingly the lonely promoter is totally quiet now and missing in this forum liao..rr alreay???
1 month 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
1 month ago
LC titan not so positive market outlook. Look at Petronas chemical with parent company { Petronas} backing them up. has forecast a gloomy outlook for the industry coming 1-2years. LCtitan with heavy financing & borrowing costs of 11 billion would faced much more hurdles. Even selling off their Indonesia factory would not mitigate current dire situation. Without any injection or new capital pump in. Strong possibility of ending up like rumors of LC titan in Korea having a moratorium short of disposing assets {fire sale of assets} not a good time for the industry
1 month ago
net short position
2024 11 20
7.09 mil
how much can make from short sell 7 mils stock ?the foreign eagles will not come here for minor profit .
the lowest px of this stock was $1.02 during covid . was your rm0.72 a mistake ?
1 month ago
5555.. that lonely promoter coming out again.. price sure kaput further.. see you@0.5
1 month ago
Doesn't look good. LCtitan need some positive news flow. Alot of bad news forth coming. Head office LOTTE CHEMICAL facing negative cash crunch doesn't bode well. Market outlook looks depress with high inventories with muted demand. Demand on raw methanol, polyolefins and mono ethylene glycols equally bad
3 weeks ago
Just close the company laa ..why so much stories
Nepo
Be careful right issues..
2 days ago
2 weeks ago
No right issues at the moment.
But if co persists to incur losses, then most probably Co needs to inject more funds because banks may reluctant to lend money to downtrend biz
2 weeks ago
Similar to POS , ASTRO and many more ... when you thought below RM1 is "cheap"... then 0.80 ... then 0.50... then 0.30.... then 0.20 .... Complete disbelief
2 weeks ago
Officially, the name of LCTITAN will change to TITANIC because it sank like the Titanic. Even though now changed the CEO, the situation will remain the same. MAKING LOST LOST LOST every quarter.
2 weeks ago
yes, no future
Markv572421
Share price keep dropping ...this company really need to shutdown soon
1 week ago
Lotte to Slash Chemical Investments by 90%, Sell Assets, Exit Unprofitable Duty-free Shops..... poor parent
1 week ago
It like korean car now had to compete with China car.
Can you see the future for korean car?
1 week ago
LCTITAN NTA is still RM4.XX.
Assume if Petronas bought it at 60% discount below book value, that would be RM2.00.
For Korean Lotte cut loss at 60% losses (better than current unrealised loss of 80-90%), and they can get back their money to solve their parent company.
Minority investor who invest below RM1.00, are happy to accept this offer at 100% gain.
Petronas also happy to acquired an asset at 60% discount, and it can help petronas to expand its business empire.
1 week ago
Pchem has an upcoming bigger plant in PPC that going to drag down its profit.
So do you think Pchem has a stomach for another similar plant?
Maybank Investment Bank, which now has the second-lowest target price for the stock at RM3.82, flagged that the inclusion of losses from its Pengerang Petrochemical Company Sdn Bhd (PPC) would lead to a profit contraction for Petronas Chemicals in 2025 even as overall product spreads improve.
1 week ago
This will affect Lotte company badly ...
https://thesun.my/world-news/south-korea-martial-law-fallout-deepens-as-prosecutors-close-in-on-president-ex-defence-minister-DG13400074#google_vignette
1 week ago
Petronas with key turn around plans for their Chemical & petrol manufactoring plant division has no appetite to acquired a sick elephant with high indebtness. LCtitan owns betw 7-8 billion in loans with only 400 million in their bank reserve. Technically they are in default and need additional funding to keep their local operations {which LG Korea} is having an cash flow crisis. This is the main reason they are shutting down their plants to buy time. Not a good sign once a factory operation's mothball it needs a long period to time to reconvene. Really frightened whether LC titan turns into a force fire sale where the banks just sell anything of value to cover their books.
1 week ago
Lotte Chemical Titan shuts down operations temporarily in Pasir Gudang to cut losses
https://theedgemalaysia.com/node/737696
5 days ago
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4 days ago
xiaoeh
this business not making money
long time ago they already exploring sell the business
no potential buyer to risk their capital...
1 month ago