Tuesday, July 11, 2017

LCTITAN
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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