This stock seems like losing momentum dy,those who get trap, maybe can sell at next rebound price around 4.9-4.92 , most likely continue downtrend after that.
Petronas Chemicals (PCHEM) is expected to recover in 2025 as reported by a local research house.
With cyclical trends influencing the industry, polyolefin prices are projected by the local research house to rise in 2025, averaging USD1,150 per tonne.
PCHEM is also planning a major turnaround for one of its crackers, aligning with global maintenance cycles for plants commissioned between 2018–2022. These turnarounds are expected to tighten polyolefin supply, driving higher selling prices.
Mabel starts to re-enter PCHEM after it breaches both support level at RM 4.53 conservatively as the QR is expected to be announced on the 28th November.
With PCHEM EPS of MYR 0.25 (as per the latest data) and the PE ratio of 19.02:
PCHEM Fair Value Price = 0.25 ×19.02 = RM 4.76
This means that Mabel has collected at a good price given today’s closing prices is MYR 4.55 which is slightly under the above fair value...
AI's Growing Energy Demands Drive Infrastructure Needs The increasing power requirements of artificial intelligence are creating significant demands on energy infrastructure.
A single NVIDIA AI chip reportedly uses as much electricity as a Tesla vehicle, with NVIDIA selling approximately 8 million chips annually.
This massive energy demand is driving interest in various power generation methods, from nuclear to natural gas.
For those who does not believe in PCHEM, cum and join us at YTL Power..
Beyond the construction sector, four other industries outpaced the FBMKLCI’s 12.90% gain, showcasing robust growth and investor interest. Here’s a closer look at one of the top-performing sectors:
Utilities: A Surge of 34.48% The Bursa Utilities Index posted an impressive return of 34.48% in 2024, driven by rising demand for renewable energy and power generation projects. The government’s push for clean energy initiatives and the transition towards a greener economy played a crucial role in boosting this sector. Companies involved in solar, wind, and hydropower projects saw significant capital inflows as investors aligned their portfolios with Environmental, Social, and Governance (ESG) principles.
YTLPOWER's stock price increased by 73.33% in 2024. TENAGA's stock price increased by 49.40% in 2024. YTL's stock price increased by 42.02% in 2024.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
AhHuat168
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Posted by AhHuat168 > 1 month ago | Report Abuse
This stock seems like losing momentum dy,those who get trap, maybe can sell at next rebound price around 4.9-4.92 , most likely continue downtrend after that.