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$Palantir (PLTR.US)$
just in Pltr made it to the Nasdaq 100
3 billion adding in soon time to zoom up 100 per share!
saw it on X - EvanstockmarketNews
just in Pltr made it to the Nasdaq 100
3 billion adding in soon time to zoom up 100 per share!
saw it on X - EvanstockmarketNews
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$Tesla (TSLA.US)$
Do you all have Hold Positions? I only have less than half a position.
So what's your cost?
Do you all have Hold Positions? I only have less than half a position.
So what's your cost?
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Columns Petrochemical market has been in a prolonged slump, LCTITAN shuts down plant to reduce losses.
Petrochemical market has been in a prolonged slump, LCTITAN shuts down plant to reduce losses.
The petrochemical industry has been in a long-term slump, Lotte Daetong Chemical. $LCTITAN (5284.MY)$ Therefore, it has been decided to temporarily close the No. 1 naphtha cracker plant to reduce operational losses.
Lotte Daetong Chemical announced on the Malaysia Exchange that the industry's long-term slump has led the company to experience negative earnings over the past two years. Therefore, in order to reduce operational burden and mitigate losses, the company will start closing the No. 1 naphtha cracker plant with an annual capacity of 0.43 million tons from this Sunday (the 15th).
The company also stated: "In the future, the company will consider resuming factory operation based on the improvement of market conditions."
With the shutdown of the factories, the company expects the factory utilization rates in Malaysia and Indonesia in 2024 to range from 55% to 60%, and will also adjust this guidance based on actual circumstances.
Furthermore, Lotte Daetong Chemical mentioned that they will timely disclose the latest situation of the factories.
On Friday's closing, Lotte Daetong Chemical reported 63 cents, falling 1.5 cents or 2.3% throughout the day, with a volume of 4.13 million shares, and has fallen 53.3% year-to-date.
Source: Nanyang Siang Pau
Disclaimer: This content is for reference and educational purposes only, and does not constitute any specific investment, investment strategy, or recommendation endorsement. Readers should bear any risks and liabilities arising from relying on this content themselves. Before making any investment decisions, be sure to conduct your own independent research and evaluation, and consult with professional advisors when necessary. The author and related participants are not liable for any...
The petrochemical industry has been in a long-term slump, Lotte Daetong Chemical. $LCTITAN (5284.MY)$ Therefore, it has been decided to temporarily close the No. 1 naphtha cracker plant to reduce operational losses.
Lotte Daetong Chemical announced on the Malaysia Exchange that the industry's long-term slump has led the company to experience negative earnings over the past two years. Therefore, in order to reduce operational burden and mitigate losses, the company will start closing the No. 1 naphtha cracker plant with an annual capacity of 0.43 million tons from this Sunday (the 15th).
The company also stated: "In the future, the company will consider resuming factory operation based on the improvement of market conditions."
With the shutdown of the factories, the company expects the factory utilization rates in Malaysia and Indonesia in 2024 to range from 55% to 60%, and will also adjust this guidance based on actual circumstances.
Furthermore, Lotte Daetong Chemical mentioned that they will timely disclose the latest situation of the factories.
On Friday's closing, Lotte Daetong Chemical reported 63 cents, falling 1.5 cents or 2.3% throughout the day, with a volume of 4.13 million shares, and has fallen 53.3% year-to-date.
Source: Nanyang Siang Pau
Disclaimer: This content is for reference and educational purposes only, and does not constitute any specific investment, investment strategy, or recommendation endorsement. Readers should bear any risks and liabilities arising from relying on this content themselves. Before making any investment decisions, be sure to conduct your own independent research and evaluation, and consult with professional advisors when necessary. The author and related participants are not liable for any...
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$Palantir (PLTR.US)$ I checked all the companies that got into the Nasdaq 100 index as a new member last year, they all didn't have a crazy rise in stock price despite the announcement, but volume does quadruple. So we might have to wait til next earning to see $100.
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