KUALA LUMPUR (Aug 19): Petronas Chemicals Group Bhd or PetChem (KL:PCHEM) is projected to face weaker earnings in the second half ending Dec 31, 2024 (2HFY2024), driven by lower average selling prices (ASPs) in the olefins and derivatives segment, as regional shutdowns end and supply increases, according to analysts.
CIMB noted that the company’s 2QFY2024 core earnings were affected by larger-than-expected losses at the Pengerang Integrated Complex (PIC), amounting to RM100 million, compared with a RM10 million loss in 1QFY2024.
If follow 90% rule, can start to buy in a meaningful amount only at 60 sen. In order not to miss the boat, can start at 90 sen. As long as your cost is less than others, you will have others to be your cushion.
Tat is great news.. bad news is good news as long as the future is not going to remain the same. I invested in m&g at 7 to 8 cents, classify as pn17.. now is 30+ cents Wad u see is now, wad u didnt see is future
the game plan is the same. let lctitan bleed until like 50sen, then suddenly privatised! then relist it 5 years later at super high PE, this time maybe outside malaysia
The last time they did it, the privatize titan, then bought a few other chemical factory and company, then packaged it as a much bigger size chemical factory, only do IPO. So it is not just a delist relist flip. In between got merge in a lot of other factory.. well, it is a rich man game of IPO..
if u want to play Lctitan privatisation, safer to play Kps or Fgv privatisation, at least Kps & Fgv making profit, more reason major shareholder to take them private
Yea those 2 are good target. But petronas issue on Sarawak and Pchem aggressive state of acquisition definitely put this into more excitement. Ofcourse please do not all in.. only invest what you can afford.
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Posted by speakup > 2 months ago | Report Abuse
Obviously u don't know lctitan