not vested
*Stock on Radar - HLIB Retail Research*
*Trading Buy: LCTITAN-5284*
*(Last price: RM4.42, Potential upside +10.9%)*
*Company Profile*
• Listed on 11 July 2017, LCTITAN is one of the largest integrated naphtha-based producers of olefins and polyolefins in ASEAN.
*Trading Catalyst*
• An established integrated petrochemical player in ASEAN.
• Undemanding valuations (P/E and P/B) against its local and regional peers
• Further technical rebound on the cards amid harami pattern and tapering selling pressures
*Technical View*
• Resistance: RM4.61 / RM4.78 / RM4.90
• Support: RM4.34 / RM4.25
• Cut loss: RM4.20
*Key Financial Stats*
• BVPS 5.90 (0.75x P/B)
• FY19 PE 9.1x
Source: Bloomberg, HLIB