SS Lim's comment on LCTITAN. All Comments
SS Lim
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People forget that long term undervalued company may remain undervalued forever or continue downtrend. From IPO downtrend till now. Good.
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4 years · translate ·
ming sien
Are u sure u know this? Why down after ipo, bcoz feedstock drop all the way down, highly correlated to crude oil. Ok, thats all.
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The
If the naphtha vs ethylene derivatives ptice spread remains good then the company has a good chance of returning to a profitable level. Currently its at its healthiest level for the past 18 months
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K K
@jason yau, where do u check the spread
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K K
Yeah @ss lim dont just simply say.
Post IPO drop is due to water disruption that affected production rate.
Months later drop is due to narrowing spread between naptha and product selling price
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