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  [LOTTE CHEMICAL TITAN HOLDINGS BHD:平均产品售价降低]

2Q20 vs 2Q19:
由于平均产品售价下跌,乐天大腾化学收入从21.272亿令吉减少25.9%(或5.509亿令吉)至15.763亿令吉。 2020年第二季度初,需求疲弱,原因是各地区国家继续采取封锁和限制措施,以遏制COVID-19大流行的蔓延。

在马来西亚进行的主要维护工作从2020年3月持续至2020年4月。2020年第二季度的平均工厂利用率为86%,而2019年第二季度的平均利用率为89%。由于2020年第二季度没有保险索赔,外汇损失增加,IPO资金余额的利息降低导致财务收入减少以及联营公司损失份额的增加,集团的利润被抵消。税后利润从1.05亿令吉减少至9590万令吉,主要是由于平均产品售价降低。

烯烃和衍生物:
该部门的收入从2019年第二季度的4.873亿令吉减少至2020年第二季度的2.699亿令吉。这是由于2020年第二季度的平均产品售价和销量下降。盈利从税前亏损730万令吉提高至税前盈利2990万令吉。

聚烯烃产品:
该部门的收入从2019年第二季度的16.398亿令吉减少至2020年第二季度的13.063亿令吉。这是由于2020年第二季度的平均产品售价较去年同期下降。税前盈利从1.172亿令吉减少至1.027亿令吉,主要是由于平均产品售价降低。

2Q20 vs 1Q20:
盈利能力从2020年第一季度的2.058亿令吉的税前亏损显着提高了3.15亿令吉,至2020年第二季度的1.092亿令吉的税前利润,但被较高的汇兑损失所抵消。

前景:
国际货币基金组织(International Monetary Fund)在其最新报告中预测,在COVID-19大流行之后,2020年全球经济将陷入衰退,到2021年将慢慢复苏。此外,全球原油价格剧烈波动继续,这与2020年初OPEC+的两个主要生产国(即俄罗斯和沙特阿拉伯)之间的价格战有关,并因大流行而加剧。平均而言,基准布伦特原油价格从2020年初的每桶60美元以上急剧下跌至2020年4月的每桶20美元以下。该公司将继续维持其强大的财务弹性并优化运营以应对高度波动的商业环境。
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James Ng Stock Pick Performance:
Since Recommended Return:

a. FRONTKEN CORP BHD, recommended on 12 Aug 18, initial price was RM0.715, rose to RM3.50, dividend RM0.052, in 2 years 1 month 13 days, total return is 396.8%

b. TOP GLOVE CORP BHD, recommended on 1 July 18, initial price was RM12.14, rose to RM52.80 adjusted, dividend RM0.52, in 2 Years 2 months 24 days, total return is 339.2%

c. MI TECHNOVATION BERHAD, recommended on 2 Jun 19, initial price was RM1.67, rose to RM5.90 adjusted, dividend RM0.055, in 1 Year 3 months 23 days, total return is 256.6%

d. CHIN HIN GROUP BHD, recommended on 2 Feb 20, initial price was RM0.57, rose to RM1.38, dividend RM0.01, in 7 months 23 days, total return is 143.9%

e. OPENSYS M BHD, recommended on 24 May 20, initial price was RM0.355, rose to RM0.82, dividend RM0.005, in 4 months 1 day, total return is 132.4%

f. INTA BINA GROUP BHD, recommended on 26 Apr 20, initial price was RM0.19, rose to RM0.35, in 4 months 30 days, total return is 84.2%

g. PROLEXUS BHD, recommended on 25 Aug 19, initial price was RM0.455, rose to RM0.785, dividend RM0.003, in 1 Year 1 month, total return is 73.2%

h. KAREX BHD, recommended on 20 Oct 19, initial price was RM0.445, rose to RM0.74, dividend RM0.015, in 11 months 5 days, total return is 69.7%

i. PERAK TRANSIT BHD, recommended on 19 July 20, initial price was RM0.18, rose to RM0.285, dividend RM0.0025, in 2 months 6 days, total return is 59.7%

j. JAKS RESOURCES BHD, recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.83, in 1 year 8 months 5 days, total return is 44.3%

我希望将我的策略分享给读者,希望他们在阅读后能够表现出色。我正在使用基本面分析Fundamental Analysis:

预计公司每年的增长率必须超过14%

我想说服读者学习基本面分析FA以便能从股市赚钱。

我为想从马来西亚股票市场赚钱的读者提供STOCK PICK服务。想订阅我的邮件以从股票市场获取良好回报的人,可以通过jamesngshare@gmail.com 或我的FB页面与我联系。

Whatsapp : 011 - 15852043

请订阅James的股票投资James Share Investing的Youtube频道:https://www.youtube.com/c/JamesShareInvesting

Facebook Group: https://www.facebook.com/groups/jamesinvesting

这个是我的TELEGRAM Group链接: https://t.me/joinchat/LhwHNhdU1fDgxrSafTrTiw

请大家来Follow James的Instagram,获取最新的资讯:jamesnginvest

免责声明:
高波动性投资产品,你的交易存在风险。过往表现不能作为将来业绩指标。内容仅作为分享,讨论以及领域的分析,而非是一种投资建议,买或卖自负。请Like和Share。最终决定永远是你的,谢谢。

James Ng
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[LOTTE CHEMICAL TITAN HOLDINGS BHD: lower average product selling price]

2Q20 vs 2Q19:
Group revenue decreased by 25.9% (or RM550.9 million) from RM2,127.2 million to RM1,576.3 million owing to decrease in average product selling price. Demand was weak in early Q2 2020 as regional countries continue to impose lockdowns and restrictions in their attempts to curb the COVID-19 pandemic spread.

The major statutory turnaround exercise conducted in Malaysia continue from March 2020 till April 2020. The average plant utilisation rate was 86% in Q2 2020 compared to 89% in Q2 2019. The Group’s profit was offsetted by lower other income as there is no one-off insurance claim in Q2 2020, higher foreign exchange loss, decrease in finance income as a result of lower interest rate and IPO fund balance and increase in share of loss from associate. Profit after tax decreased from RM105.0 million to RM95.9 million mainly due to lower average product selling price.

Olefins and derivative products:
The segment recorded a decrease in revenue from RM487.3 million in Q2 2019 to RM269.9 million in Q2 2020. This was due to the decrease in average product selling price and sales volume in Q2 2020 as compared to the corresponding quarter. Profit improved from loss before tax of RM7.3 million to profit before tax of RM29.9 million.

Polyolefin products:
The segment recorded a decrease in revenue from RM1,639.8 million in Q2 2019 to RM1,306.3 million in Q2 2020. This was due to the decrease in average product selling price in Q2 2020 as compared to the corresponding quarter. Profit before tax decreased from RM117.2 million to RM102.7 million mainly due to lower average product selling price.

2Q20 vs 1Q20:
Profitability improved significantly by RM315 million from loss before tax of RM205.8 million in Q1 2020 to profit before tax of RM109.2 million in Q2 2020, but partially offsetted by higher foreign exchange loss.

Prospects:
The International Monetary Fund in its latest report has forecasted the global economy in 2020 to be in recession with subdued turnaround in 2021 following the COVID-19 pandemic. Additionally, intense volatility in global crude oil price persisted with the price war between two major OPEC+ producers in early 2020, namely Russia and Saudi Arabia, and exacerbated by the pandemic. On average, benchmark Brent crude price saw steep decline from above USD60 per barrel in early 2020 to below USD20 per barrel in April 2020. The Company will continue to maintain its strong financial resilience and optimize its operations to ride through the highly volatile business environment.
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I wish to share my strategy to readers, hope that they can perform well after reading this. I am using Fundamental Analysis:

the forecasted growth of a company must over 14% per year

I wish to convince readers to learn FA in order to make money from stock market.

I am providing STOCK PICK SERVICE for readers who want to make money from Malaysian stock market. Those who want to subscribe to my mailing list to achieve a good return from stock market, you can contact me at jamesngshare@gmail.com or PM me in my FB page.

This sharing is purely a discussion and analysis of the sector, buying or selling at your own risk. Please Like and Share this post. Final decision is always yours, thank you.

James Ng

https://klse.i3investor.com/blogs/general/2020-09-26-story-h1514326149.jsp

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