Author Topic: LOTCHEM -- Lotte Chemical Pakistan Ltd.  (Read 498269 times)

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Offline sumbul

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Re: LOTCHEM -- Lotte Chemical Pakistan Ltd.
« Reply #2239 on: February 19, 2019, 07:32:38 PM »
itna acha result any k bad bhi down akhir kahan pe a k ruky ga  huhu huhu huhu

O bhai stocks future earning expectation per chaltey na key past performance per. Isski future mein earnings itnee nahee aaue gee. Rozana pta/px margin dekh liya karoo. Yeah margin apney peak per 200 dollar key qareeb tha jou aab ghat key 110-115 $ kee range mein hey. Umeed hey tassali jo gayee ho gee 😉

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Re: LOTCHEM -- Lotte Chemical Pakistan Ltd.
« Reply #2239 on: February 19, 2019, 07:32:38 PM »

aharoon

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Re: LOTCHEM -- Lotte Chemical Pakistan Ltd.
« Reply #2240 on: February 19, 2019, 07:40:24 PM »
itna acha result any k bad bhi down akhir kahan pe a k ruky ga  huhu huhu huhu

O bhai stocks future earning expectation per chaltey na key past performance per. Isski future mein earnings itnee nahee aaue gee. Rozana pta/px margin dekh liya karoo. Yeah margin apney peak per 200 dollar key qareeb tha jou aab ghat key 110-115 $ kee range mein hey. Umeed hey tassali jo gayee ho gee 😉
Sumbul tum kaisee bahen hoo ..
Bhai ko dulasa dainay k bajai daa'nt rahee hoo

Offline sumbul

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Re: LOTCHEM -- Lotte Chemical Pakistan Ltd.
« Reply #2241 on: February 19, 2019, 07:55:25 PM »
itna acha result any k bad bhi down akhir kahan pe a k ruky ga  huhu huhu huhu

O bhai stocks future earning expectation per chaltey na key past performance per. Isski future mein earnings itnee nahee aaue gee. Rozana pta/px margin dekh liya karoo. Yeah margin apney peak per 200 dollar key qareeb tha jou aab ghat key 110-115 $ kee range mein hey. Umeed hey tassali jo gayee ho gee 😉
Sumbul tum kaisee bahen hoo ..
Bhai ko dulasa dainay k bajai daa'nt rahee hoo

😜🙈

Offline sumbul

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Re: LOTCHEM -- Lotte Chemical Pakistan Ltd.
« Reply #2242 on: March 12, 2019, 02:24:26 PM »
-PTA-PX margin increased by USD 13.30/MT (+11% WoW) to USD 131/MT due to increase in PTA price by USD 20/MT (+2% WoW).

Good to buy at these rates for 1-2 rupee gain

Offline Farzooq

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Re: LOTCHEM -- Lotte Chemical Pakistan Ltd.
« Reply #2243 on: April 16, 2019, 12:52:34 PM »
LOTCHEM: Earnings are expected to clock in at 0.42/share for 1QCY19

LOTCHEM is scheduled to announce its financial results for 1QCY19 on 19th Apr’19. We project the company to post a profitability of PKR 643mn (EPS: PKR 0.42), up by 81% YoY in 1QCY19 compared to PKR 355mn (EPS: PKR 0.23) in 1QCY18. Gross margins of the company are expected to decline by 142 bps YoY to 7.6%. Decline in gross margins is expected due to 8% YoY reduction in international PTA margins (average USD 130/ton). Net sales during the quarter are expected to increase by 22% YoY owing to 9% YoY rise in PTA prices along with PKR depreciation. On QoQ basis, earnings are expected to decrease by 37% owing to 23% QoQ decline in international PTA margins.
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Offline Farzooq

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Re: LOTCHEM -- Lotte Chemical Pakistan Ltd.
« Reply #2244 on: April 17, 2019, 03:11:20 PM »
Lotte Chemical Pakistan Ltd: Concerns on margin overplayed; outlook remains encouraging

We tweak our earnings estimates for Lotte Chemical Pakistan Ltd (LOTCHEM) by 1-2% over CY19-21E incorporating (i) released details from annual accounts, (ii) tweaks in volumetric assumptions, and (iii) working capital deployment.

PTA margins have held up steady after a bumper year and currently trade at USd167/ton compared to 1QCY19 average of USD139/ton.

Consequently, we eye earnings for 1QCY19 to reside at PKR0.57/sh, up by 2.4x YoY as demand for PTA remained relatively muted while tapered margins prune an otherwise decent quarter. We do not foresee any payout accompanied with the result.

Margin trajectory should continue to be largely dictated by the timing of the capacity additions for both, PTA and PX, which remain the key determining factor for the margin outlook. We expect some stability in the remainder of 1HCY19.

We maintain our TP of PKR21/sh and reiterate our Buy rating on LOTCHEM presenting an upside of 43% from last close where 14% correction in the stock price over the past 3-mnths remains unjustified in our view. The stock trades at CY19E P/E of 5.0x, which implies PTA margin of only USD99/ton vs current margins of USD167/ton.
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Offline jahangir

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Offline Farzooq

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Re: LOTCHEM -- Lotte Chemical Pakistan Ltd.
« Reply #2246 on: April 19, 2019, 01:05:22 PM »
LOTCHEM - Earnings beat estimates with 3.6x rise in bottomline

Lotte Chemical Pakistan Ltd (LOTCHEM) announced its earnings for 1QCY19 that stood at PKR1.3bn (EPS: PKR0.85) up 26% QoQ and 3.6x YoY.

The latest earnings beat street consensus (BMA’s estimate: PKR0.57/sh), where deviations from estimates emerged from better than expected revenues, better currency translation gains and lower than expected exchange losses. Better than expected earnings resulted in the stock reaching its upper limit during trading hours.

The topline of the company saw 6% QoQ improvement sequentially despite drop in PTA rates internationally from better than expected currency gains (PKR depreciated by 4% averagely during the quarter) while volumes remained supportive.

On the other hand, favourable drop in PX prices helped support gross margins for the quarter that stood at 11.7%, up by 110bps sequentially.

Furthermore, tamed admin and selling expenses and absence of significant exchange losses helped propel bottomline up by 3.6x YoY and 26% QoQ.

We have a BUY stance on LOTCHEM with TP of PKR21/sh, offering an upside of 49% from last close.

Key risks to our thesis include: (i) Above expected jump in gas costs used for power generation, (ii) volatility in PTA-PX margins, (iii) adverse changes in duty structure, and (iv) minimum turnover tax of 1.25% that results in increased earnings volatility in case of low profitability.
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Offline mahnoor

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Re: LOTCHEM -- Lotte Chemical Pakistan Ltd.
« Reply #2247 on: April 20, 2019, 03:42:47 PM »
17 tk ja sakta hy.

Offline Observer

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Re: LOTCHEM -- Lotte Chemical Pakistan Ltd.
« Reply #2248 on: April 22, 2019, 01:06:26 PM »
Let's see, Lock khulta Hai ya nhee aj.