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KUALA LUMPUR: The foreign net outflow on Bursa Malaysia increased to RM490.3mil over the week ended April 23, more than double the amount recorded in the prior week.
KUALA LUMPUR: Lotte Chemical Titan (LCT) Holding Bhd has declared a dividend of 3.27 sen per share for the financial year ended Dec 31,2020 (FY20) and remains upbeat for this year as product prices are on an upward trend.
KUALA LUMPUR: Worries about the rising Covid-19 infections and the impact on the economy continued to weigh on the equities market.
Lower feedstock costs may not translate to profit turnaround
KUALA LUMPUR: Maybank Investment Bank Research has upgraded the Malaysian petrochemical sector from neutral to positive on cheap valuations with buy calls on Petronas Chemicals and Lotte Chemicals Titan.
KUALA LUMPUR: Lotte Chemical Titan Holding Bhd experienced a 26.12% drop in net profit for the financial year ended Dec 31, 2018, to RM786.23mil from RM1.06bil previously as it suffered a margin squeeze across its product segments.
JOHOR BARU: Lotte Chemical Titan Holding Bhd hopes the completion of its third polypropylene plant (PP3) in Pasir Gudang here will meet market demand growth for polypropylene in Malaysia, Indonesia, China and the rest of the South-East Asian market.
KUALA LUMPUR: The local market moved higher on Friday morning with sustained buying interest from local institutions.