Commodity ops: Lotte Chemical Titan plant in Johor. Earnings have been lumpy as the company is mainly in the commodity business, which is driven by economic swings.
NORMALLY, cash-rich companies with low borrowings are highly sought after by investors.
That, however, does not necessarily seem to be the case with Lotte Chemical Titan Holdings Bhd (LCT). Although it is sitting on RM4bil cash with zero gearing, the cash position was due to underutilisation of the proceeds it raised from its initial public offering (IPO) back in 2017.
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