You do realize that dividends per year is 0.3 cents right? Anyone crazy enough to dump a company with rm3 in nett assets AND giving out 30 cents a year in dividends, and doing 25% nett profit, and growing it's revenue by 2 billion every year can sell their shares to me. 4 billion in earnings, if you are interested. And growing roe by 19%.

LCTITAN down the road is doing half the revenue and half the earnings and higher debt ratio is asking for more.

Any reason to sell other than epf just announced 6.15% for 2019? You do realize that no way epf with all it's investment losses in 2018 losses can give out those kind returns right?

The one you should look at is petronas, they are major shareholder. Does it look like they are selling their PCHEM shares?

Wah suddenly know insas business for 10 years since 2009? Wah shareholder since 1996 is it? Talk to management session some more. Okok, you win! Insas canteek!

* The entire point I was going on is to imply that the petrochemical building in Pangerang is completed. The isononanol processing is also completed. Power to site is completed. All I was trying to say is everything is ready for final T&C stage AHEAD of schedule, meaning earnings and additional revenue from pic to PCHEM will be earlier than expected.

Ok enough la. I stop taking so much. Since stockraider is so pro I just keep quiet let him enjoy the sound of his voice.

Maybe you can go back to sapura and insas page to talk more there?

I really have enough of you already. I don't want to argue but you keep following me everywhere.

Haha crazy. If course not. Minimum amount to get the 0.1% Maybank transfer fee without running the volume. But if course I was to smart for my own good. Pchem trading volume around 6m shares ( buy and sell) per day, I thought of doing 1% per day. Actually no difference also. Haha. I'm small potatoes la. If buy penny stocks like PPHB I think will affect. But pchem no difference.

Anyway, I started buying January 14th at rm8.2 until end January around 8.33, on hindsight should have just bought entire block then.

So I think what I will do is write a quarterly update on my report so fellow investors can see how I go through my understanding of quarterly reports, and can correct me if I see the wrong thing.

But FYI, I have already been to Pangerang, so I know it's there la. Quite confident la. It's massive!

Easier than going Vietnam to see jaks power plant. Which I thought was quite smart of kyy to verify.

Raider, stop arguing for the sake of arguing. You want to search for supporter for what.

If your investing works then it works lor.

What is this bullshit master slave posting? You think tvb drama?

If you really have the balls, you would have put insas in your 2019 stock challenge. Sure number one now 30% gain. But you only know how to talk talk talk.

If you have balls to talk so much, then put your money where your mouth is sailang everything, put your family house, dog cat, everything into insas.

Why still got time and money to play with sapura?

Really what kind of investing are you doing? Troll investing?

My portfolio is clear and concise and simple. My investment philosophy is consistent. The moment you look at PCHEM you know immediately this is the kind of stock that Philip will buy.

Your style of playing with fire, stop asking people to join you la. If people see value in your investing method, they will join you play without you asking.

Do you need friends and supporters so much? INVESTING and buying stocks no need friends one.

If you buy, and it works then it works lo. No need to be so childish about it.

And no need to be like kyy after buy then tell everyone I don't need you to buy to help me push the price up.( Then wtf keep posting so many articles telling just that?)

Just remember to cut loss when your investing starts so fail.

Even here raider no supporter.

Sad.

I go eat egg tart first. Happy Saturday all.

Insas CAAANTEEEKKK! :)

Wasting time talking with broken clock.

Stop promoting your insas and sapura speculation here. last 5 years your insas and sapura has not performed. Looking at their management and business operations, they will continue to not perform 5 years from now.

Readers should read and make up their mind.

Up 30% in a month is speculation or investing? You make money short term you think is investing? Is the quarterly results out already?

You think stockraider dare to sailang, sell house, sell property buy all in into INSAS?

Stockraider,

I post here first so you can find your supporters.

>>>

Do you think I will so silly pump in his money now in stocks like Sapura and Insas?

Think a bit. Understand risk. Your concept of margin of safety means nothing if your management decides to invest in weird companies like biotech and fintech and failed investments.

Just read about this:
https://www.thestar.com.my/business/business-news/2015/06/27/insas-creates-a-listable-financial-technology-outfit/

this was in 2015. Insas had 30% of inari, sold its shares to buy crap like numoni. Now INSAS has 19% of INARI.

Where is numoni now?

Now insas buys biotech company sengenics. That buys biotech office in brunei, of all places. Brunei where got any talent or growth in biotech. Doesnt that raise any question marks?

then your insas buys vigsys sdn bhd. this vigsys:
http://www.vigsys.net/
Would you even buy anything from this webpage?

How about this? This is also a insas subsidiary.
http://www.jcpacific.com.my/
Would you buy anything from this company?

How about this? This is also INSAS subsidiary.
https://www.iprac.com/
In the age of UBER and GRAB, when was the last time you rented a car in SINGAPORE?

How about this? This is insas franchise.
http://www.domecafe.com.my/
Can you name me off the top of your head where is your nearest dome cafe. Ask your kids if they have gone to dome recently? Old town? Starbucks? Which is more popular and with better products/marketing?

How about this? This is INSAS core business.
https://www.mnaonline.com.my/
Do a survey, ask yourself. When you buy stocks, do you even use M&A stockbroking services? Why not? Which do you trust more? Hong Leong? Public Bank? Maybank? If you as a INSAS shareholder don't even use your own products, what does that say about the company?

I could go on and on with kind of bullshit INSAS buys:

On 25 July 2018, Insas Technology Berhad (“ITB”), a wholly-owned subsidiary of the
Group had disposed off 12,000 ordinary shares, representing the entire shareholding in
Vigcashlimited LLC (“Vigcash”), to Mr. Sanj Natsagdorj for a total cash consideration of
USD1,500 (“Disposal”). Arising from the Disposal, Vigcash ceased to be an indirect
subsidiary company of the Group.
Vigcash was incorporated in Mongolia on 7 December 2005 and its issued and paid-up
share capital is USD10,000. The Company is currently dormant and the net asset value of
the Company is USD31.

Inari was a 1 shot lucky pony, that the dad bought. He is now retired, step down. Replaced by his son. Who is buying all of these companies with the money his dad earned. You see any future in these companies? Where is your margin of safety calculation in a son that uses all the goodwill of previous management to buy these crap?

12 million you think so easy to earn ah? I thought you previously office boy? You of all people should understand what RISK is.

You want me to invest in INSAS? I dont buy companies for what they have done before.

I buy companies for the capability they have today, and what I think they will do tomorrow.

Faham?

Anyway, I never said PCHEM will outperform. The exact words I used were Stability, clarity of future growth earnings, and safety of investment. If you are a retiree and you couldnt invest in ASB, what would you do?

After all, I lost my father in law big sum of his money before (100K back in 90's).

Do you think I will so silly pump in his money now in stocks like Sapura and Insas?

Think a bit. Understand risk. Your concept of margin of safety means nothing if your management decides to invest in weird companies like biotech and fintech and failed investments.

Just read about this:
https://www.thestar.com.my/business/business-news/2015/06/27/insas-creates-a-listable-financial-technology-outfit/

this was in 2015. Insas had 30% of inari, sold its shares to buy crap like numoni.

Where is numoni now?

Now insas buys biotech company sengenics. That buys biotech assets in brunei, of all places. Brunei where got any talent or growth in biotech. Doesn't that raise any question marks?

then your insas buys vigsys sdn bhd. this vigsys:
http://www.vigsys.net/
Would you even buy anything from this webpage? or their vigcash in mongolia?

How about this? This is also an insas subsidiary.
http://www.jcpacific.com.my/
Would you buy anything from this company?

How about this? This is also INSAS subsidiary.
https://www.iprac.com/
In the age of UBER and GRAB, when was the last time you rented a car in SINGAPORE?

How about this? This is insas franchise.
http://www.domecafe.com.my/
Can you name me off the top of your head where is your nearest dome cafe. Ask your kids if they have gone to dome recently? Old town? Starbucks? Which is more popular and with better products/marketing?

How about this? This is INSAS core business.
https://www.mnaonline.com.my/
Do a survey, ask yourself. When you buy stocks, do you even use M&A stockbroking services? Why not? Which do you trust more? Hong Leong? Public Bank? Maybank? If you as a INSAS shareholder don't even use your own products, what does that say about the company?

I could go on and on with the kind of bullshit INSAS buys:

On 25 July 2018, Insas Technology Berhad (“ITB”), a wholly-owned subsidiary of the
Group had disposed off 12,000 ordinary shares, representing the entire shareholding in
Vigcashlimited LLC (“Vigcash”), to Mr. Sanj Natsagdorj for a total cash consideration of
USD1,500 (“Disposal”). Arising from the Disposal, Vigcash ceased to be an indirect subsidiary company of the Group. Vigcash was incorporated in Mongolia on 7 December 2005 and its issued and paid-up share capital is USD10,000. The Company is currently dormant and the net asset value of
the Company is USD31.

>>>>

Inari was a 1 shot lucky pony, that the dad bought. He is now retired, step down. Replaced by his son. Who is buying all of these companies with the money his dad earned. You see any future in these companies? Where is your margin of safety calculation in a son that uses all the goodwill of previous management to buy these crap?

12 million you think so easy to earn ah? I thought you previously office boy? You of all people should understand what RISK is.

You want me to invest in INSAS? I dont buy companies for what they have done before.

I buy companies for the capability they have today, and what I think they will do tomorrow.

Faham?

Sigh... stockraider, you really dont understand?

If you play texas poker or gambling during CNY, you gamble with RM5-10 is consider play play no pain.

You try playing one hand 100K-200K, your hand shaking or not. Can still consider play play?

If you really multimillionaire like you claim you are, you would have understood by now.

To make real money, you need to put big money and make consistent tough choices.

Investing where got play play this word? You need to have as much information as possible, make the right decisions, and buy only consistent stocks that wont lose you money in the long term. That is investing.

Speculation you play like bacarat table got la. Either go up or down. When go up dont know, when go down also dont know.

you play play 1-5K on sapura got la, how to believe you can "invest" millions like you say in stocks with the same kampung thinking? Or you lose more than you win in the stock market, get angry and start arguments with everyone on i3?

If like that, I feel sorry for you lor. Let you win lor. Stockraider say everything also correct lor.

*outperform or not dont know yet. But I know I miminize my stocks risk first, and maximize my opportunity costs second. Basic fundamentals. Big amount or small amount doesnt matter, but if you invest as if thinking your whole family will be sold to slavery if your stock pick fails, then you definitely will start thinking about risk first, no? And if you think like that, do you still want to buy 30 stocks, gambling stocks, or friend recommend stocks?

I hope you learned something.

>>>
U really stupid loh...just bcos u put big amount on a stock...u r going to outperform meh ??

Very stupid analogy loh...!!

Saturday is off day yes, but i'm also on holiday now until after chap goh mei, enjoying super high speed internet now in HK. Daughter landing in HK then we transfer flight to Sabah.

Problem with Sabah is that hard to find direct flights out to anywhere. Have to fly to SG or HK for transfer to US.

>>>
I also realized Eason not related to you. He sold his Vitrox too early. :)

Really boloh, I give up. The amount of money you invest is the amount you will lose if your investment is wrong. Which business has the higher risk of disappearing in the long term?

A company that each quarter can buy 2 insas? With high, consistent profits that you can see 5-10 years from now?

Or a company so ridden with debt, it can't even bid for projects anymore and has to keep selling assets to pay creditors ( sapura)

Or a company with fake assets out east that no one can verify it see, and accountants who don't care about their reputation just sign off? (Sumatec)

Or a company that buys questionable investments in a fintech that no one has ever heard of or generate any income, and a company that buys a biotech company that you don't even know what it does and how much money it can make. That is insas.

Do you even care what insas is doing with your retained earnings?

Good luck. I find the fact that you can make money from stock market long term to be amazing.

I think you have it wrong. I am investing more than 12 million of me, my father in law and my wife net worth.

Knowing this, you need to see deeper and invest with extreme care, with minimal risk and the best possible growth with that level of risk.

Ask yourself, if you invest 10 million with your entire family, brother, cousin, lender money, do you really think you have the guts to put all that money in a very on sapura?

I might as well start an ah long company and get 18% per annum borrowing to b40 individuals, less risk.

How shaky do you think "investing" in CARIMIN and SAPNG is at these current levels when you can't even name the CEO or it's business strategy. When the directors themselves are rushing to sell all their shares to you so they can get out of their own company?

Speculation is speculation.

In investing you don't look at 1 month, 3 month, 1 year prices.

I look at 5-10 years from now.

No need to argue with someone who can't even answer simple economic questions.

Do you want me to tell you how much pchem pays for feedstocks? Or why exactly pchem can maintain 25% net profit margin in an industry selling plastics, fertilizer, aromatics and PVC? Or how much extra revenue will be generated from Pangerang RAPID?

Very easy. It's like this, the price paid is the

You have zero concept of the idea of risk.

Just because you are making money, make 10-20% from sapura, you think it is not a risky play.

Just because you made money from carimin, make 100%, you think it is not a risky activity?

Working in o&g you only see the high salary and bonuses, but not the underlying risk involved. Just try buying insurance, the premiums are different. Why?

The habits you build while investing forms the core of your long term success. And the core of long term success is COMPOUNDED GAINS.

How many times you cut loss? Each time you cut loss you lose months and years of investing gains.

I don't want to belittle you anymore raider, but when you talk more than you listen and read, someone has to teach you a better way.

I hope you learned something.

* I apologise if I make you feel small. But you seem to think investing is about me fighting you. No, arguing until cow turn into milk won't achieve anything. Investing is about being right. I don't really care anything about you. I don't even know your real name or care who you are. What I care about is factual useful information brought to the table. So far you talk the most, and bring the least. You should change that.

If you need to be an expert to buy stocks, what are you doing speculating in sapura. Got margin of safety? You are buying just in the HOPE that the price will go up with zero care in what the underlying business is doing.

You might as well be gambling in genting.

Or sailang in buying sub-prime derivatives.

Stockraider, until now you cannot answer a simple question which is in the annual reports, blah blah blah.

Simple question 1. How much is the price PCHEM is paying for feedstocks from petronas that you say is " eroding"

Simple question 2. Why is PCHEM getting 25% net profit compared to it's petrochemical competitors like LCTITAN etc(10%)?

Simple question 3. How much additional revenue will PCHEM receive from Pangerang RAPID refining process to give additional feedstocks capacity to them? Is the estimated 3.3 MTPA ( PCHEM current capacity 10.9 mpta) feasible or a fake number?

Simple question 4. If the new production capacity priced into PCHEM current price? What will the intrinsic value be when you add this new capacity into book value?

Investing is not that difficult. It's all about buying a stock today for it's returns tomorrow.

The difficult part is understanding tomorrow.

https://zfelites.com/about/blog/


I suspect this Eason Chang is qqq son or student? He buys the same thing!

Hahaha.

I think Warren buffet explained it best. By virtue of the lexicon, traders are by definition cannot be investors. When you invest in something, you look to the investment itself to provide you with earnings, which come out with either retained earnings, dividends or share buybacks. So if they disallowed trading of stocks similar to buying a farm or a apartment, when you expect your return to come from the value of the asset itself, that by devotion is an investment.

When you buy a stock expecting to make money from the the share price difference instead of the asset yourself, that is not investing, that is called speculating.

You can make money with both, but it is 2 different types of games. Never forget that. It is when you speculate and think you are investing, that is when the problem starts happening.

Everyone needs a hobby.

The idea that money is the point of it all versus the discipline, focus, habit and the journey through life is the reason why most people don't succeed in life.

You should read the life of Rose blumkin, founder of Nevada Nebraska Mart.

At 89, her children forced her to retire. She was so angry she started a new carpet shop right opposite the giant store she founded and proceeded to take market share.

Her children had to apologize, buy the shop over give her back her job.
She died doing the thing she loved

What could be better in life?

this guy talk a lot of info, but almost nothing is relevant and usable info. I found myself listening so long with no good results. Everything that he is saying can be taken into different context with 2 totally polar results.

I dont get it. Is he charging for this?

unless that was for the esa jadi hydro power plant, which is definitely a scam. How is that lonely thing worth 218 million? Even looking at QL CAPEX of 300 million you can see the amount of work being done on all its assets.

Crazy.

I have totally no idea. All I know is they said they are EPCC for that 30MW hydro power plant in Kota Marudu, Sabah... I've been there. No such thing exists. And they say the order book was for 218 million. Smells fishy.

Obviously in the case of RAPID, upon completion, 50% crude will come from ARAMCO with the option of 70%, and 50% from petronas. the refining business I dont really care, but I do know the petrochemical business side 100% will be processed in PIC itself by PCHEM under the new JV.

That will be money in the bank.

Finally a smart boy who looks like me.

Exactly, stockraider listen to jonathan, listed company cannot simply sell some cheap some expensive, there is a standard pricing for everything.

Net profit that high can only come from one place, efficiency of operations compared to competitors.

First ask yourself, utilization of plants, how many %? If you have consistent supply of naphta, no delays in receiving shipment, no need in bidding or auction of supplies, delivery right next door from the refining plant. If you have a wide range of commission network, selling around the world, information will give you visibility on where is the best paying customers.

If you need to fly around the world every day, how much would you save if you lived next to KLIA airport versus living in Cheras.

Faham?

That is how you make monies long term.

Not by speculating.

Not really new, it's mainly for the fpso helang that is already on the way. The contract is basically 8 years as well to operations and maintenance for that fpso. They converted four rainbow, now currently in China ahead of schedule.

It's very impressive. Looking at things they will start this year 4Q to the Malaysian site, ahead of schedule as they expected 2020Y2Q.

Another simple question.

Do you know how much "gas" is pchem buying cheaper for? Is it ethylene? Is it naphta? Or are you thinking lng?

Do you know the prices PCHEM is paying, exactly with a sweeping statement like that?

Just trolling because it's all in there in the annual reports, the financial presentation, the quarterly documentation.

You talk with all capslocks, can you capslocks the price they are paying?

Just FYI before you embarrass yourself further.

I calculated the price pchem pays for their feedstocks. It's around the same price sold in market everywhere. Petronas also need to make money.

The difference is simply the fact that same as in samur, same as in kertih, same as in Johor. The refining process and the pipeline and transportation to the petrochemical plant is so near ( basically same area) that their ancillary costs is far lower than competitors.

Now tell me stockraider, how much does PCHEM pay for it's "cheaper" gas per metric tonne.

Please let us know how you calculate it as cheaper? Or you simply bullshit again? Capslocks again?

I prefer facts over rumors and speculations. Stockraider way of investing I know nothing about. But I do know how to calculate long term profits for PCHEM. And I do know that pic is not a white elephant.

Yeah now you know level 1 thinking versus level 2 thinking. Not rechecking facts. Not looking through annual reports. Not understanding how listed companies businesses works.

Stockraider is sad and funny at the same time.

PCHEM is a listed company. The dividends every year 1 billion if which goes to petronas.

If PCHEM doesn't do well, petronas dividend of course doesn't do well also la.

Funny.

Hi teoct,

Exactly, you have to understand the nature of end products. When you buy your ron95, when the price was 1.50 you buy. When it goes up to 2.15, you buy. When the price goes up to 3.80 tomorrow for ron95, do you think aww shucks, I think I'll just ride my bicycle this month.

No right. You still buy. There is no other option.

That is the pass through of costs.

Whether or not the refinery makes a big profit or not is another question. That all depends on their storage capacity, their ability to refine oil at a cheaper rate than market, and how not well the management runs it's company.

Still cannot answer simple questions.

Why is PCHEM net profit more than 20+% since 2010? While everyone else in below 14%.

If you say good times coming before past years, why pchem profit goes up to 25 % whole company like LCTITAN and others drop to below 10% instead?

Come on. Think and be rich. Napoleon hill teach you to read and compare ALL THE COMPETITORS. WHY OTHERS FLOUNDERING DOWN WHILE PCHEM STABILIZING.

Come one, you need to think for yourself. Don't just shut your brain and say government monopoly bullshit.

PCHEM exports it's products around the world. It's not only jaguh kampung.

Just answer one simple question raider. Why do you think their net profit is that high compared to others?

I promise I won't laugh at you.

YINSON is very smart. They don't hedge on oil prices like Armada and sapura. They only sell on calculated charter rates, meaning when contract is signed the contract pays for the fpso conversation costs and charter rates for 8 years+ optional extension. Guaranteed, calculated straightforward profit.

More importantly in their contract firmly states any cancellation the charterer must pay cancellation fee which is exactly the loan+interest taken for conversion and management of fpso.

So they won't lose money even if charter cancelled.

How did Armada and sapura lose? They got greedy. Their charter and lease are signed differently. They signed based on barrels profit sharing sales agreement. 30% sapura 70% petronas.

So when the price per barrel dropped, sure lose money la. They estimated previous contract at 75-90 USD per barrel to earn money.

When the price per barrel dropped tp 40-60 per barrel, you think sapura and Armada can make money?

Need to read between the lines. Fpso utilization rates, total manpower, planning, backup cash to get more projects.

Why do you think thhe couldn't handle fpso conversion? No money. Why do you think Armada and sapura losing jobs to yinson? No money. If you were a bank, who would you lend money to? International company like YINSON? Or redlining company like Armada and sapura?

Still cannot answer simple question?

Then ask you another simple question.

When rapid gets completed and production full running, how much additional revenue will pchem generate from rapid?

Don't know? Read and find out.

Stop talking through your nose. The more you talk the more bullshit walks.

Stockraider you know nothing about petronas or pchem working, so I suggest you read up first before talking through your nose.

Just answer me one simple question:

Why is pchem net profit 25% compared to all the other competitors around the world. Or just in comparison to LCTITAN.

If you don't know the answer to that, then better you just quietly go play by yourself in speculating in your sapura shares and let the big boys talk.

I probably am holding tight to my YINSON and QL stocks right now. Topglove I'm still very confident. So most likely the rest of my upcoming dividends and income will either go to pchem or STNE, depending on the quarterly report. Although QL might also be additional top up, depending on if the deal they were working on succeeds or not and they announce it next quarter.

Haha if you want fixed deposit, rhb has a new offer of 4.8% return.

But in pchem case, I need to invest in rock solid stocks with good potential growth and have a solid dividend and management plan for my father in law and wife.

Otherwise he ban me from chinese new year and black black face whenever I come again not very nice la.

The days when my heart can take speculating in sapura at 26 cents to 30 cents and carimin stocks with no track record are long gone.

For the last 9 years in my 4 stocks I have never had to cut loss or mortgage my house to do stupid things again.

Thank God. I finally understand what compounded gain means.

Titus wonderful! That is the secret. Never believe any sifus telling you to buy it sell shares. Always check back and do your own factual research on how a company will perform.

And most importantly buy after the QR report. Although in my case this is my first big block sales ( selling public bank and buying into pchem took me a while to do it properly), so I had to do it before the upcoming qr. But rest assured, I will be buying even more if the share price drops, because the market for petrochemicals is huge, and when PIC goes up and running their production costs will be so low they can basically undercut almost everyone in local region to negative profits and STILL MAKE MONEY.

That is what 25% net profit gets you.

It's like that guy who can sell nasi lemak for 0.20 cents and still make money while everyone else has to sell it for 0.50 cents to get 10% profit.

Thats what 27 billion USD and Johor government support gets you. Johor government gave them pamer water and petronas combined power energy production at insanely low costs, then you add aramco and petronas naphta local feedstocks without additional transportation, logistics and double handling third party costs .

I'm impressed.

I really have to apologize to Calvin tan now

I am sorry my friends, general Philip and his family have had a long discussion and family have decided to sell our shares from 5.55 down. Don't worry very small amount only. We wanted to continue support PPHB but after looking at pchem opportunity costs we decided to take profit and go all in to Johor instead of Penang.

With pangerang rapid finishing testing and commissioning this next few months and full production, I anticipate big things in oil and gas sector chemical processing soon.

I apologies for forcing my wife and brother in law to abandon their support so soon ( it was a great journey) but I believe PPHB will definitely continue to do well in the future and making good profits!

Valuation unchanged at 120 million ( conservative), and I will still be there at quay hotel opening.

Good luck and happy chap goh mei!

https://klse.i3investor.com/blogs/philip6/193465.jsp

Common sense is definitely not so common.

What is the comparison between mbmr and YINSON?

One sell cars in a very tight and competitive market which is growth limited. Do you think perodua cars can succeed outside of Malaysia? Can the sales explode to Indonesia and Philippines and China? Obviously no. So I'm 5-10 years time where do you see mbmr? Try to understand the meaning of the word terminal growth.

YINSON on the other hand is an international fpso company that only recently started a foothold into Malaysian market. With this win and more confidence more fpso jobs will be awarded to them. And they are bidding in Brazil, Africa, Canada, Vietnam and many international countries. It is a company that is not limited by location and more importantly in a growing market that is very hard for new competition to go into due to reputation, competency, licensing and capex requirements.

Most importantly 10-20 years from now the only oil you will find it's in the open sea, as cheap oil in easy to dig areas get lesser and lesser.

Mbmr? Got Mazda bmazauto, got tanchong, got Toyota, got proton, got that 3rd car company mahathir wants to kick off...

How many cars can Malaysian afford to buy? We are already spoiled for choice. 10 years from now what is the future of mbmr?

2.3 billion in o&m awarded by Nippon jx for fpso layang. Announced yesterday! Nice!
What tabung haji can't do, YINSON can with it's multinational group of Nordic sailers and engineers!

How many Malaysian companies can you find where their competence people are white ghosts?

YINSON boleh!

Qqq, you should think of it more in these terms. Companies like LCTITAN have to ship in their feedstocks by 3rdv party bring to the factory from Korea and overseas.

For pchem rapid the feedstocks are produced by next door in an integrated facility with piping and delivery mechanism all ready to ensure maximum efficiency.

Even more impressive is the new isononanol processing. The total sum of parts production is amazing.

Stockraider still doesn't seem to get it. Pchem is a different company altogether from refining. Refining is subject to oil prices for profit or loss. Chemical processing treat oil as feedstocks, it doesn't matter what the cost is because in the end prices for end products are demand based, coat of raw material increase gets passed through to end user.

Most importantly when you look at O&G companies you would try to understand funding costs ie how much it cost for the oil & gas company to dig up that oil.

For petrochemical company you need to understand production costs, ie how much it costs for a company to produce olefins. If the ancillary costs are very low due to production efficiency or economies of scale, then the company definitely has a business advantage aka moat.

How much advantage do you think an integrated plant with 27usd billion capex will save in economies of scale costs?

That's a key metric in understanding all of pchem previous endeavors why they can earn 25% net profit on a highly competitive and volatile market like petrochemical.

Just consider basic items which everyone needs like urea fertilizer. Why is petronas chemical the preferred choice for plantations to buy their urea?

Yes, because it is cheap and effective.

Let them unload, I'll buy even more after the dividend comes out, and when pangerang rapid goes full run and you get 30 billion in revenue every year and 6 billion in earnings?

I'll still be here.

Err, qqq you need to recheck your facts. Pangerang is an integrated complex it does refinery and also petrochemical processing. Look at my top graph. After the crude oil is refined into those diesel and petrol etc. You have balance "waste" of 3.6 mtpa that is can be processed into olefin and derivatives.

Same like LCTITAN. Except the raw materials and feedstocks like naphta, ephelyn etc are much much cheaper.

And with Saudi aramco supplying 50% medium sour crude, the cost of production for pchem in rapid is far far lower than any other competitor in this region.

Recheck the facts and tell me I'm wrong. I think I'm confident, but I could always be wrong.

Rapid could render LCTITAN uncompetitive in the long run.

I remember this story of a guy who found a rainy racetrack and saw that there was only 1 horse on the line. Thinking he has finally found a sure thing, he bet his house and all the money he had on that one horse winning.

When the gun shot and the single horse ran, the guy thought he had won the lottery.

Then suddenly the horse stopped, saw a rabbit and jumped off the track.

Goes to show that things can always get WORSE.

Stockraider you boloh lo, you think only got 1 plant like LCTITAN?

Pchem got 11 processing plants, urea processing samur in Sabah, etanol plant in labuan, kertih, and now coming up the biggest integrated plant in Johor.

You know nothing John Snow! Err I mean stockraider.

You probably also have no clue why pchem is doing 25% net profit whole other competitors are below 10% net profit.

And I really don't do pump and dump like kyy, Calvin tan and those others.

Teareader, be glad I share info, if brk you get news 1 year later.

My holding period is very long, the shortest I've held was public bank which I hold for 7+ years.

You can be rest assured I only choose the best of stocks.

Brainless head talking, petronas is very responsive company run by good management, unlike fgv or your insas whose management refuse to do the best thing for it's shareholders.

Lucky you got sslee ask them to give out 1 cent dividend. Otherwise you got nothing.

And I don't invest in penny stocks like your insas. Volume so low, put one queue suddenly price jump very high. One sell queue everything drop low.

How long to buy rm15 million of stocks? Help push your penny stocks?

No thanks.

I invest for the long term.

Shutdown already done in 2016/2017. Or did you not know?

PHILIP RAIDER SAY INVESTING NEED TO UNDERSTAND RISK. JUST BECAUSE YOU MAKING MONEY DOESN'T MEAN IT IS LOW RISK INVESTMENT.

PPHB LOW RISK HIGH REWARD!

INVEST IN CARIMIN AND O&G STOCKS IS HIGH RISK HIGH REWARD.

WHEN MAKING MONEY EVERYONE ALWAYS SMILING. WHEN LOSING MONEY THEN YOU CAN SEE WHO WAS SWIMMING NAKED IN THE WATER.

GENERAL PHILIP SAY PPHB CAAANTEEEKKK!

Somehow I find the fact that Calvin tan can suddenly smell profit in our&g stocks, suddenly sell 2 houses ( that fast? At a loss?) And have the guts to all in on o&g stock in less than a month to be very very suspicious.

Anyway, I'm at taking calvinT with a grain of salt, what is one more grain?

Good luck Calvin. May you be blessed.

Serba dinamik? Haha in KK they have branch office in tanjung aru plaza. Bad paymaster. I don't like them.