Tuesday, July 11, 2017

Lotte Chemical Titan, can be considered a failed IPO, but is there a silver lining? At 6.50, from the information gleamed from news articles, the company has a market capitalization of RM15 billion. Historical profit was RM1.31 billon last financial year, which gives a PER of 11.5X. With the funds earmarket for expansion of the business locally and in Indonesia (new plant) profit should grow. Caveat is that there is intense competition in this industry, with more excess capacity to be added from various players going forward.

With the buy back from retail investors, this stock will be essentially an institutional stock. Is it worth a punt? Well punt NO but may be worthwhile investing. Time will tell....


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"There is the plain fool who does the wrong thing at all times anywhere, but there is the Wall Street fool who thinks he must trade all the time."J Livermore Manchester City FCl Crude Palm Oil



From Dragons and Bulls by Stanley Kroll
Intro and Foreword
The Importance of an Investment Strategy
5 The Art of War, by Sun Tau (circa 506 BC) and The Art of Trading Success (circa AD 1994)
That's the way you want to bet/a>
Long-term v Short term trading
Technicals v Fundamentals
Perception v Reality
Part 1: Winners and Losers
Part 2: Winners and Losers
Sun Tzu: The Art of War
Those who tell don't know, those who know don't tell
Why there is no such thing as a "bad market"
The Secret to Trading Success
The Experts, do they know better?
Risk control and money management
Good advice
The 'good bets' business by Larry Hite
Don't lose your shirt
Ed Sykota's secret trend trading system