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Cover Story 2: Lotte Chemical Titan making a comeback The Edge 13/5/2021 Justin Lim And Lee Weng Khuen © Provided by The Edge IT has been a good start to the year for Lotte Chemical Titan Holding Bhd (LCT). It posted its best quarterly profit of RM440 million since its relisting on the local bourse in July 2017. If the growth momentum is maintained, this could be the best-performing year for the group. In fact, its financials started to pick up in the fourth quarter ended Dec 31, 2020 (4Q2020), with net profit almost doubling to RM151.16 million from RM78.77 million in 3QFY2020. In a recent interview with The Edge during a visit to its plants in Pasir Gudang, Johor, new LCT president and CEO Park Hyun Chul says he expects a brighter outlook this year, given that the margin spread has significantly improved from last year. According to him, the margin spread between polymer and naphtha had widened more than 50% to average at US$820 a tonne in the first quar

Pasir gudangJawa baratSouth koreaTanjung langsatSouth koreanHyun chulShahrin yahyaLotte chemical titan holding bhdTitan chemical corp bhdInternational monetary fundLotte groupLotte chemical corpBursa malaysiaChemical corp bhdSoutheast asiaSoutheast asian