$LCTITAN / 5284 (LOTTE CHEMICAL TITAN HOLDING BERHAD)
Research by TA
Sell – TP of MYR1.03

“Losses Continue Ahead of Planned Turnaround”

Lotte Chemical Titan Holding Bhd (LCTITAN) registered an eighth consecutive core loss in 1QFY24. 1QFY24 results came in below our expectations but within consensus’ forecasts. We previously forecasted a core profit of RM41.4mn for FY24. The earnings miss was due to lowerthan-expected plant utilisation and poorer-than-expected product spreads

Analyst(s):
Ong Tze Hern
thong@ta.com.my