Author Topic: LOTCHEM -- Lotte Chemical Pakistan Ltd.  (Read 280594 times)

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Offline 007

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LOTCHEM -- Lotte Chemical Pakistan Ltd.
« Reply #-1 on: August 29, 2009, 04:00:30 PM »
All about PPTA




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« Last Edit: April 26, 2013, 10:15:09 AM by M&M »

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LOTCHEM -- Lotte Chemical Pakistan Ltd.
« Reply #-1 on: August 29, 2009, 04:00:30 PM »

Offline 007

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Re: LOTPTA -- Lotte Pakistan PTA Ltd
« on: August 29, 2009, 04:00:55 PM »
PPTA profits up by whopping 212pc
Investors welcome 1HCY09 results

KARACHI: Pakistan PTA Limited (PPTA) -sole manufacturer and distributor of Pure Terephthalic Acid- posted Friday a gigantic growth by 212 per cent in its earning after taxation that stood at Rs1.11 billion (EPS: Rs0.74) for the first half of Calendar Year 2009 (1HCY09) as against Rs357 million (EPS: Rs0.24) in the corresponding period last year.

The increase in profitability was highly cheered by the investors as PPTA remained the volume leader with 57 million shares and its share price rose by 25.8 per cent to close at Rs4.48 per share.
Sales of the company declined by 19 per cent to Rs16.13 billion in the period under review from Rs19.91 billion in 1HCY08 mainly due to lower sales volume and lower tariff which resulted into a slight drop in gross profit by 3 per cent to Rs2 billion as against Rs2.07 billion witnessed in 1HCY08.

On the other hand, distribution and selling cost of the company massively increased by 223.3 per cent to Rs95.65 million in 1HCY09 as compared to Rs29.89 million recorded in 1HCY08. However, financial charges significantly fell by 67.1 per cent to Rs179.4 million in the first half of CY09 from Rs545 million in the corresponding period of last year mainly owing to improved cash flows.

Other operating income of the company also improved by 107.8 per cent on year-on-year basis to Rs52.17 million in 1HCY09 as compared to Rs25.11 million registered in the same period a year back.

Offline 007

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Re: LOTPTA -- Lotte Pakistan PTA Ltd
« Reply #1 on: August 29, 2009, 04:08:53 PM »
is this satta or fundamentals finally kicking in for the company, tremendous turn around though


Offline shoib bhai

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Re: LOTPTA -- Lotte Pakistan PTA Ltd
« Reply #2 on: August 30, 2009, 05:42:14 AM »
is this satta or fundamentals finally kicking in for the company, tremendous turn around though



This time it looks that it will stay in between 4-5 as EPS has has improved and is in green. If this trend continues than i see price to get better. But i have sold some of my holding and will sell rest of it if it goes another 50-60 paisa up

Offline Asim

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Re: LOTPTA -- Lotte Pakistan PTA Ltd
« Reply #3 on: August 30, 2009, 06:23:52 PM »
but bilal bhai 0.74 eps for half year doesnt seem ppta to go around 7-8 ?

Offline 007

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Re: LOTPTA -- Lotte Pakistan PTA Ltd
« Reply #4 on: August 30, 2009, 09:15:17 PM »
i still think it is a buy  8)

Offline shoib bhai

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Re: LOTPTA -- Lotte Pakistan PTA Ltd
« Reply #5 on: August 31, 2009, 01:05:40 PM »
Be careful, i had been stuck in this for long time. Was able to sell in profit after wait for more than a year.

um@ir

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Re: LOTPTA -- Lotte Pakistan PTA Ltd
« Reply #6 on: August 31, 2009, 03:39:48 PM »
fundamental has changed !!

Offline 007

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Re: LOTPTA -- Lotte Pakistan PTA Ltd
« Reply #7 on: August 31, 2009, 05:39:51 PM »
abb hath dalna dil gurday ka kaam hai

plus i hv a habit that i only buy when shares comes down,

so may be it will come down soon

Offline shoib bhai

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Re: LOTPTA -- Lotte Pakistan PTA Ltd
« Reply #8 on: August 31, 2009, 10:34:06 PM »
It will soon. Just watch

Offline Asim

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Re: LOTPTA -- Lotte Pakistan PTA Ltd
« Reply #9 on: September 03, 2009, 10:44:01 PM »
shoaib bhai and other senior guys in past ppta has been posted big losses but now ppta is in profits and further sustaining momentum as you may see 1q 0.24 and then 1h results is 0.74 so if PPTA sustain the growth momentum then full year eps might come rs.1.5/share with some pay out so....  how you see ppta in this context, your comments are welcome..
« Last Edit: September 03, 2009, 11:00:11 PM by Asim »

Offline Asim

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Re: LOTPTA -- Lotte Pakistan PTA Ltd
« Reply #10 on: September 05, 2009, 11:23:10 AM »
senior guys how you see PPTA price in near future, in past ppta has been posted losses but now ppta is in profits and further sustaining momentum as you may see 1q 0.24 and then 1h results is 0.74 so if PPTA sustain the growth momentum then full year eps might come rs.1.5/share with some pay out so....  how you see ppta in this context, your comments are welcome..

Offline Admin

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Re: LOTPTA -- Lotte Pakistan PTA Ltd
« Reply #11 on: September 05, 2009, 11:45:51 AM »
senior guys how you see PPTA price in near future, in past ppta has been posted losses but now ppta is in profits and further sustaining momentum as you may see 1q 0.24 and then 1h results is 0.74 so if PPTA sustain the growth momentum then full year eps might come rs.1.5/share with some pay out so....  how you see ppta in this context, your comments are welcome..

earnings of ppta have always been uncertain and it has never performed well when the oil prices are high
now the oil prices are high we need to see if it can sustain its profitability

Offline shoib bhai

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Re: LOTPTA -- Lotte Pakistan PTA Ltd
« Reply #12 on: September 05, 2009, 12:20:46 PM »
shoaib bhai and other senior guys in past ppta has been posted big losses but now ppta is in profits and further sustaining momentum as you may see 1q 0.24 and then 1h results is 0.74 so if PPTA sustain the growth momentum then full year eps might come rs.1.5/share with some pay out so....  how you see ppta in this context, your comments are welcome..

Ppta has been quite low around Rs 3 and now is trading around Rs 4.75. Keeping in view to the earning of around Rs 0.75 and the fact that they are in profit for last two quarters means nothing and this profitibality may not sustainable due to multiple factors. Now only bright spot is that some international investor had bought some equity in this company and may try to move the price of the share and it may go upto Rs 10 if it can stay profitable for continous 4 quarters. I think, it will fluctuate between 4 and 5 for now sometimes crossing 5 and than coming back to between 4 and 5 range again

Offline abcd

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Re: LOTPTA -- Lotte Pakistan PTA Ltd
« Reply #13 on: December 14, 2009, 12:04:08 AM »
Look gud
Stock trading is a science and art too

Offline Admin

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Re: LOTPTA -- Lotte Pakistan PTA Ltd
« Reply #14 on: December 16, 2009, 01:34:37 PM »
Chemicals: PPTA - Primary Margins Showing Resilience

   PPTA has emerged as a turnaround story during the current CY with its strong PTA:Px margins, declining financial charges and growing volumetric offtake

   PTA:Px ratio stood at 0.95 during 9MCY09 while it has continued to show resilience; we expect the ratio to clock in at 0.89 for 4QCY09

   For 4QCY09 we expect PPTA to post PAT of PKR846mn (EPS: PKR0.56) compared a LAT of PKR1.2bn in Q4CY08 (LPS: PKR0.78); for CY09 this translates into PAT of PKR2.9bn (EPS: PKR1.90), compared to LAT of PKR1.8bn (LPS: PKR1.16) in CY08

   Trading at CY09E PER of 3.7x and given a positive future outlook for PTA manufacturers, the stock appears to be attractively priced at current levels
 

Offline sumbul

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Re: LOTPTA -- Lotte Pakistan PTA Ltd
« Reply #15 on: December 26, 2009, 10:33:10 AM »
http://204.12.18.37/dailyreports/SOD/PDFS/12162009.PDF

I am giving a strong buy call in PPTA. I expect 50% upside till March. Expected full year EPS is 1.9. Hence if we take conservative P/E ratio of 6x; target price comes to Rs 11.5. Today there is a news in Jang accroding to which the company plans to invest additional USD 1 billion. They are now diversifying their business and will be setting up new plant for chemicals which to-fate are only imported in Pakistan. Further they have plans to enter soft drinks business as well.

LOOKs good to me for 3 months investment

Toshi

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Re: LOTPTA -- Lotte Pakistan PTA Ltd
« Reply #16 on: December 26, 2009, 10:38:05 AM »
I strongly agree with you bro, nice call.
keep it up.

Offline sumbul

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Re: LOTPTA -- Lotte Pakistan PTA Ltd
« Reply #17 on: December 30, 2009, 12:18:21 PM »
I am giving a strong buy call in PPTA. I expect 50% upside till March. Expected full year EPS is 1.9. Hence if we take conservative P/E ratio of 6x; target price comes to Rs 11.5. Today there is a news in Jang accroding to which the company plans to invest additional USD 1 billion. They are now diversifying their business and will be setting up new plant for chemicals which to-fate are only imported in Pakistan. Further they have plans to enter soft drinks business as well.

LOOKs good to me for 3 months investment

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I HOPE YOU PEOPLE GOT BENEFITED. HOLD ON THERE IS MORE TO COME

Offline whiteshadow

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Re: LOTPTA -- Lotte Pakistan PTA Ltd
« Reply #18 on: December 30, 2009, 12:48:55 PM »
is it advisable to get in right now? What is the resistance level?