Wednesday, January 20, 2016

LotteChem stock/ accounts review 2016



Introduction:

Lotte Chemical Pakistan is incorporated in Pakistan and is listed on the Pakistan stock exchange. The company is engaged in the manufacture and sale of pure terephthalic acid (PTA). The company’s registered office is situated at Eastern Industrial Zone, Port Qasim, Karachi. Lotte Chemical Corporation South Korea is a major share holder with more than 75% share holding in the company.

Website:


Strategic Investments:

The company has in-house power generating units

Income Profile:

Quarterly Income

Lotte Chemical

Total No of Shares: 151 crore                             KSE Symbol: LOTCHEM

2015
2016

Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
EPS
-0.2
0.05
-0.18





Eps Total Cumulative

-0.16
-0.33





Benefits
NIL
NIL
NIL






Annual Income and Distribution:

Year Ending: DEC                                      KSE Symbol: LOTCHEM Lotte Chemical

2012
2013
2014
2015
EPS
-0.12
-0.36
-0.73
RESULT EXP
EPS




No of Shares
151 CRORE
151 CRORE
151 CRORE
151 CRORE
Benefits
NIL
NIL
NIL
NIL

Work In Progress:

The company is coping with extraordinary low rates of crude oil prices and over capacity of PTA plants worldwide. Px-PTA margin is also unsustainable over longer period of time for the company.  Despite low oil prices, Pakistan textile industry is facing severe energy shortfall and load shedding. One of the PTA downstream markets is polyester fiber which derives its demand from the domestic textile market.

Stock Price View:

LOTCHEM
Date Observed
Time Period
Maximum
Minimum
Average
Stock Price
20 Jan 2016
Jan 2013-Jan 2016
9.13
5.16
7.11

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