Lotte shares up on potential turnaround in Q2

“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.