Latest news with #LotteChemicalTitan
Yahoo
11-05-2025
- Business
- Yahoo
Lotte Chemical Titan Holding Berhad First Quarter 2025 Earnings: RM0.055 loss per share (vs RM0.078 loss in 1Q 2024)
Revenue: RM1.49b (down 22% from 1Q 2024). Net loss: RM125.7m (loss narrowed by 29% from 1Q 2024). RM0.055 loss per share (improved from RM0.078 loss in 1Q 2024). We've discovered 2 warning signs about Lotte Chemical Titan Holding Berhad. View them for free. All figures shown in the chart above are for the trailing 12 month (TTM) period Looking ahead, revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Chemicals industry in Malaysia. Performance of the Malaysian Chemicals industry. The company's shares are up 34% from a week ago. Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Lotte Chemical Titan Holding Berhad that you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
New Straits Times
09-05-2025
- Business
- New Straits Times
Lotte Chemical Titan jumps 16pct, volume hits four-year high
KUALA LUMPUR: Shares of Lotte Chemical Titan Holding Bhd surged nearly 16 per cent in morning trade, with volume hitting a four-year high after the company secured a 10-year supply contract worth over RM743.5 million in Indonesia. The stock opened slightly higher at 56 sen, up 2.8 per cent from its previous close of 54.5 sen, and climbed as much as 15.6 per cent to a morning high of 63 sen before the midday break. By midday, it pared some gains to settle at 60 sen, up 10.1 per cent, with 35.95 million shares traded — the highest volume since May 3, 2021. Lotte Chemical Titan manufactures and sells petrochemical products, mainly olefins and polyolefins. On Thursday, the company announced that its Indonesian unit, PT Lotte Chemical Indonesia (LCI), secured a 10-year ethylene supply deal with PT Asahimas Chemical. The contract, which runs from July 1, 2025, to June 30, 2035, is based on market pricing and is expected to exceed 10 per cent of Lotte Chemical Titan's latest annual consolidated revenue. Based on the group's 2024 revenue of RM7.44 billion, the deal could potentially be valued at more than RM743.5 million. For the first quarter ended March 31, 2025, Lotte Chemical Titan reported a net loss of RM125.67 million, narrowing from RM178.03 million a year earlier. Revenue for the quarter fell 22.3 per cent to RM1.49 billion from RM1.92 billion due to lower sales volume and average selling prices. The quarter marked its eighth consecutive quarterly loss, though losses narrowed year-on-year due to improved margins and contributions from a US associate. Asahimas Chemical is an integrated chemical producer for downstream industries in Indonesia. LCI is developing the Lotte Chemical Indonesia New Ethylene (Line) project, expected to be completed in the second half of 2025. The facility will have a production capacity of one million tonnes of ethylene per year. Lotte Chemical Titan said part of the output will be used internally, with the remainder sold to the market.
BusinessToday
09-05-2025
- Business
- BusinessToday
Bursa Rises On Midday, Led By Small-Cap Surge
Bursa Malaysia was marginally higher at midday, buoyed by gains across broader market indices, despite subdued momentum on the FBM KLCI. At 12.30 pm, the benchmark FBM KLCI edged up 1.53 points to 1,544.27, off its morning high of 1,547.60. The broader FBM 70 rose 40.30 points to 16,306.33, while the FBM Emas was up 14.54 points at 11,506.35. The FBM Shariah Index added 13.75 points to 11,447.08, and the FTSE4Good Bursa Malaysia Index climbed 1.37 points to 927.38. Among the most active counters, Sapura Energy was unchanged at 4.5 sen, topping the volume chart with 526.3 million shares traded. Lotte Chemical Titan surged 5.5 sen to 60 sen on trade of 359.6 million shares, while Tanco Holdings advanced 2 sen to 93.5 sen with 309 million shares changing hands. Other heavily traded stocks included MYEG Services, which rose 1 sen to 91 sen, and Permaju Industries, which stayed flat at 3.5 sen. Investors appeared to adopt a cautious tone ahead of upcoming economic data releases, while rotational plays continued to dominate trading activity. Market sentiment remained broadly positive across the board. Related
The Star
09-05-2025
- Business
- The Star
Trading ideas: Lotte, PetGas, Sunway, Public bank, Green Packet, Kerjaya, GenM, MGRC, TechStore, PEOPLElogy, HHRG, MNC, Pentamaster, Pavilion REIT, BFood
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. Lotte Chemical Titan has secured a 10-year ethylene supply contract from PT Asahimas Chemical that is valued at more than RM743.5mn. Petronas Gas Bhd has entered into shareholders' agreements with Sabah Electricity Sdn Bhd and Sabah Energy Corp Sdn Bhd to jointly develop a new 120MW power plant in the Federal Territory of Labuan. Sunway Bhd has received the nod to develop a 20.8-acre plot of land belonging to Railway Assets Corp in the heart of the Seremban city centre, which will have an estimated gross development value of RM2.2bn. Public Bank Bhd , Malaysia's third largest bank by assets, plans to raise its dividend payout to 60% of net profit in 2025, up from 57% in 2024, subject to usual factors including regulatory approval, CEO Tan Sri Tay Ah Lek announced at the AGM. Green Packet Bhd has proposed a share capital reduction to offset RM340mn in accumulated losses. Kerjaya Prospek Group Bhd has secured a RM162mn building contract from Majestic Gen Sdn Bhd for a project in Johor Bahru. Genting Malaysia Bhd 's proposed USD41mn acquisition of the remaining 51% stake in Genting Empire Resorts LLC from the Lim family's Kien Huat Realty III Ltd—giving it full control of loss-making Empire Resorts Inc—has drawn scrutiny from Bursa Malaysia. Malaysian Genomics Resource Centre Bhd has proposed a private placement exercise to raise up to RM2.5mn, alongside a reduction of its issued share capital by RM42mn, as part of its efforts to improve its financial position and fund working capital. TechStore Bhd's wholly owned subsidiary, Tech-Store Malaysia Sdn Bhd, has secured a RM15.9mn contract from the Home Affairs Ministry. PEOPLElogy Bhd, which provides consultancy services and training, saw its IPO oversubscribed by 0.24 times. HHRG Bhd has dismissed CEO Fong Chee Khuen for serious misconduct and abuse of authority, following his suspension on April 7, 2025, over concerns about his financial transactions and personal conduct. MNC Wireless Bhd announced on Thursday that it had received a formal notice regarding the resignation of its auditor, Chengco PLT, effective immediately, prompted by uncertainties concerning the registration status with the Audit Oversight Board of the Securities Commission Malaysia. Pentamaster Corp Bhd 's net profit slipped by one-third to RM13.1mn for the 1QFY25, from RM19.4mn a year ago due to lower revenue and changes in sales mix. Pavilion Real Estate Investment Trust reported a 5% rise in net property income to RM142.8mn for the 1QFY25 — from RM136.0mn a year earlier — driven by higher rental income from Pavilion Bukit Jalil and Elite Pavilion Mall. Berjaya Food Bhd 's net loss widened to RM37.2mn for the 3QFY25 – marking its sixth straight quarterly loss – compared to RM29.8mn a year earlier, mainly due to weaker performance from its Kenny Rogers Roasters operations.
Fibre2Fashion
08-05-2025
- Business
- Fibre2Fashion
Malaysia's Lotte Chemical Titan narrows Q1 losses despite revenue dip
Lotte Chemical Titan Holding Berhad (LCT) has reported net loss of RM134.8 million (~$31.5 million) for first quarter of fiscal 25 (Q1 FY2025), compared to RM189 million in the same quarter last year. Lotte Chemical Titan posted a Q1 FY2025 net loss of RM134.8 million (~$31.5 million), improving from RM189 million last year. Revenue fell 22 per cent YoY to RM1.5 billion (~$351 million) due to lower sales volume. LBITDA dropped 38.3 per cent YoY to RM37.7 million (~$8.8 million). LCT stays committed to strategic goals, including its LINE Project in Indonesia. Although revenue declined 22 per cent year on year (YoY) to RM1.5 billion (~$351 million) primarily due to reduced sales volume the Group showed operational resilience, LCT said in a release. The Group also posted a 38.3 per cent YoY reduction in LBITDA, down to RM37.7 million (~$8.8 million). President & CEO Jang Seon Pyo acknowledged the tough global landscape, shaped by geopolitical tensions and continued oversupply of petrochemical products, particularly in China. However, LCT remains focused on delivering its strategic initiatives chief among them being the LINE (Lotte Chemical Indonesia New Ethylene) Project, set for completion in 2025. LCT is one of Southeast Asia's largest producers of ethylene, propylene, polyethylene (PE), and polypropylene (PP)—key building blocks in plastics used across consumer goods, automotive parts, healthcare, packaging, and more. Fibre2Fashion News Desk (VK)
