so many pro stockist start running liao.

For those that continue to buy at high price, before doing that give a call to any peers in the oil and gas industry in east malaysia. And they will tell you the competition and the current contract for this counter. Nowadays you hardly see this counter people in Sarawak waters and even downstream and why bullish on this? Their market share has shrunk with new players entrance. There's just too many small family owned or wannabees contractor. Petronas has mentioned in 2014/2015 for the industry to consolidate yet many more pop up. There's no growth if they just continue to provide project management, work boats, and manpower supply. Serba Dinamik, Sapura energy, Talam, Penergy all also can do this. I don buy kyy style, where he push up a counter so much just to crash it afterwards like Latitude, Liihen, Hengyuan, gadang, etc. Becareful guys...

Thank you all, KWAP those can bye bye de. thank you.

Not easy for small fish like us to buy a alot like Phillip. But this few weeks are collecting funds to buy the dip if any. I presume there should be a spike before Ex- Dividend. Assume consistent dividend, anything below RM9 is attractive. Now that i see, EPF might need money cover other sector which badly hit such as Tenaga, Petdag maybe. My 50Cent

Anasuria is UK field. Dont play with shark with thier carimin and dayang. These companies rely on producer like hibiscus for their business. Producer counter will be more stable. If carigali go ipo also will invest in it. If producer crash, contractors like carimin and dayang will also die.

Not many people understand the nature business of perdana petroleum. Because of dayang flying they though lets get PP as well to ride it...

Hibiscus is a client side, while other ong such as Dayang and petra is contractor part. Different ...

Bumi Armada gonna wrap up soon. Beware

This includes retailing

omg petdag, guess all refinery is suffering some fall due to the pricing mechanism

Those that in the oil and gas industry, obviously some of the sifu is just 24 hours on computer. Should know that if you go most of the plants in west Malaysia, 80% you will see Serba Dinamik, in east malsyai plant 20% Serba, 20% Sapura, 20% Petra, and 20% Desb.

Spot Cargo will be a big bummer to petronas profits.

Org pandai will sail lang and take profit liao... Come on, last time Dayang own the contract to service the whole Carigali Sarawak, Shell. Now they lose big chunk of their market share and only cater for Carigali Sabah while Sapura Energy those taken over their market share. So whats the prospect for Dayang? Their PP investment is such bad timing.

Have friends in Petronm which says internal cost cutting everywhere and even lower capex from mother company in San Miguel from Phillipine. Life is tough, expansion this 2019 will be slowed down. buckle your seat belt

Why remember Calvin Tan? dont even give a shit on him when considering this counter. Never read a post from him in making any decision here also. So why need to bow and remember him? lolz... We are all attracted to stability and sound yield. Been advocate this counter long also, travelled to their new Samur plant in Sipitang, Sabah as well. Good new and have not ramp up.

I have been at their plants in Kerteh, PIC and etc. Big Big Big

Thank you, Next.

http://www.theedgemarkets.com/article/petchem-4q-net-profit-rises-rm129b-declares-18-sen-dividend

why dayang this quarter is huge because of the much po and wo is recognize into profit. everybody know contractor like to claim all their work orders milestone at the end of the year. don't follow the kYY hype

all have to understand the different between dayang and hibiscus. upstream and downstream is wrong. both are upstream, hibiscus is the client side while dayang is the contractor side. dayang has loss many market share to sapura and talam and penery. they now only concentrate on sbo. not too fancy with dayang.

to reach tp12 I think need 2-3 years

every know this world will soon flood with refinery and chem complex.

news came out Petronm has awarded contract for a new diesel plant in port Dickson. good?

@sheldon people selling that's why

I pray EPF will dispose more eh...amen

if kyy involved with hibiscus, everybody please sai Lang this counter.

I do not have stake in petronm la, but I think it is a good company but not at this price. they are aggressively opennning new station which is good but it takes average 7 years to break even. so year don't ask you to sell or buy

don't bash me la, just my 2cents. let's keep the discussion healthy

come on you still believe tdm son hold big stake in petronm ? nowadays all eyes are watching don't think they wanna be too obvious

https://www.facebook.com/278966563256/posts/10156834384258257/ I din know iwcity is related to ercl. stupid speculator

Government still can pump in shell, Petronas , BP. so why the huha?

From friends working in petronm, life is tough as cost cutting measure in everything now. Guess there's a need to contain cost. I think as usual the price of petronm should hover around the usual PE 4-6 and no chance of earning meteorically, now so not so much of catalyst to have a boom in any coming quarters. With PE=6, the price is around RM5 and will have to see how much dividend will be giving out, usually dividend will be pro-rated according to earnings. Last year 2018 dividend is 0.25 which was 4-5% of the price at that time, this year i forsee to be around 0.18-0.22 sen since the Q3 and Q4 of 2018 was pretty solid but Q119 and Q219 not so encouraging. That translate to around 2.5 - 3% yield at current price 6.89. If oil price keep dropping, this will incur inventories cost to retailers as well as petronm. Thats the dilemma. This is only my 50Cent, for your reading pleasure only..hehe

if you short this now will be good money

@petromm

from pe5 to pe9 due to latest quarter. that's why pe is not a good indicator at all. good luck tomorrow, tough time for Petronas in the near future.

wah champion. Even with this type of hike in price, i'm still holding on to my shares. This is long term man, another PB Bank stock in the making.

Carimin and dayang. aiyo what lousy choice. everybody can see that sapura and serba dinamik has eaten up a lot of dayang pass contracts.

http://www.theedgemarkets.com/article/morgan-stanley-upgrades-petronas-chemicals-overweight

Though EPF is cash rish, i dont think they run a ponzi scheme where they take new money contribution to pay out dividends. they need to sell somewhere to register profits.

I'm just holding up until Rapid comes in. That will be a big boost to its asset and bottomline afterwards.

Let's see whether Gkent can breach RM1.2 or not. If yes, it will be a good uptrend until RM1.6

EPF done selling de...should be neutral liao

How do you think EPF Can give 6.19% dividend for 2018 if not by selling their equities. Pchem is one of their strong and stable stock holding to realize profit.

keep buying and chill.... 8.3 50 lot

epf need realized profit to declare dividend...

price of urea and all expected to drop. raw product such as gas or crude also dropped a lot...

nobody buy pchem due to current price of product. everybody is investing in rapid here

woah so jpmorgan can command such power? amazing

top up more as well.

i top up alot at 8,93... epf take profit as it near to dividend announcement. After that they buy back for sure.