“Lotte is expected to benefit from lower naphtha feedstock costs following the collapse in crude oil price. Additionally, its plant utilisation rates are also expected to recover following completion of statutory plant turnarounds in April, ” TA Research said in a report.
PETALING JAYA: Lotte Chemical Titan Holding Bhd
saw renewed investor interest as a turnaround in earnings is potentially seen for the company in the second quarter on the back of higher product spreads because of the sharp drop in naphtha prices.
Its shares ended 16 sen or 10.39% higher to RM1.70 with 68.03 million shares done. The stock was one of the most actively traded yesterday.
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!
