It said Lotte Chemical Titan's 9M20 core net loss of RM33mil was better than its old full-year loss forecast of RM54mil (consensus: profit of RM66mil) due to strong 3Q20 price spreads.
KUALA LUMPUR: CGS-CIMB Equities Research sees another strong fourth quarter in FY20 for Lotte Chemical Titan (LCT) due to the strong Chinese peak season demand for plastics and the supply disruptions from the US hurricane season.
It said on Friday LCT’s 9M20 core net loss of RM33mil was better than its old full-year loss forecast of RM54mil (consensus: profit of RM66mil) due to strong 3Q20 price spreads.
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