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Lotte Chemical IPO: win many of number one Malaysia record

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Today, want to write something  about a company call Lotte Chemical. See their logo below, very simple.   This company tentatively going to list at Bursa Malaysia on 11 Jul 2017.  So, who are they? Make it simple, Lottle Chemical is a petrochemical producer (currently, we have another company Pchem list at Bursa who have the nearest product, of course, Pchem is about 4 times bigger) who set up their plant at Malaysia and Indonesia, their parent company is famous Korea's Lotte Group... Just go to below link if you want to know in details for this company:  http://www.lottechem.co.id/main/main.asp What's so special about this company? First, it's one of the most expensive IPO in Malaysia's record when they launch their IPO price at RM8 on Jun 2017. To list at this price, their market capital is around RM19.7 billion. (compare to the Pchem market cap is RM57.7 billion)  At the price of RM8, the PE is about 15 times (base on Earning per share of 53.31 cents), one