THE surprises keep coming for Lotte Chemical Titan Holding Bhd as its stock has pummelled since its initial public offering (IPO).
From weak buying interest from its listing, its stock has fallen nearly 32% from RM6.50 to RM4.43 yesterday after dropping to RM4.14 after it released its quarterly financial results that showed profits sinking by 72%. In just two days more than RM4bil of Lotte Chemical market capitalisation was wiped out.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!