Posted by James_Bond > 2023-04-07 15:59 | Report Abuse

Sold 90%, will keep remaining 10% to let profit run… thank you very much!

Posted by GS > 2023-04-18 11:55 | Report Abuse

Any Setel Voucher give to shareholder during today AGM? How Much?
Heard that their product price in 2023 are expected to be lower vs 2022 prices

Posted by bigBOSSguy > 2023-04-19 11:51 | Report Abuse

Going down…good

Posted by GS > 2023-04-20 20:26 | Report Abuse

Here are the Q&A during Tuesday AGM
1. https://www.petronas.com/pcg/sites/default/files/2023-04/Reply%20Letter%20to%20MSWG%20-%20PETRONAS%20Chemicals%20Group%20Berhad.pdf
2. https://www.petronas.com/pcg/sites/default/files/2023-04/Answers%20Script%20for%2025th%20PCG%20AGM%20QnA_For%20Upload%20(FINAL).pdf

Posted by Sslee > 2023-04-21 08:35 | Report Abuse

Based on historical data, PCG’s share price moves in correlation with crude oil prices and prices
of selected chemical products.

PCG’s share price reached a high of RM10.40 in second quarter of 2022, when crude oil was
averaging at USD112 per barrel and prices, for example, of urea was above USD700 per metric
tonne. As of 31 March 2023, crude oil prices have declined by 27%, urea prices came down by
50%, while other chemicals declined between 10% to 35%.

We are of the opinion that the share price has declined due to analysts’ assessment that the
Company’s performance in 2023 will be lower compared to 2022 due to lower GDP growth
forecast and inflationary pressures on costs.

Posted by Sslee > 2023-04-21 08:36 | Report Abuse

A very bad Jan to March 2023 quarter result is coming.

As of 31 March 2023, crude oil prices have declined by 27%, urea prices came down by
50%, while other chemicals declined between 10% to 35%.

Posted by Mikecyc > 2023-04-23 12:11 |

Post removed.Why?

Posted by Mikecyc > 2023-04-23 12:14 |

Post removed.Why?

Posted by haziqaz > 2023-05-08 08:34 | Report Abuse

Bagaimana CEO Petronas boleh beri projek RM399 juta kepada syarikat terkait rasuah antarabangsa?
Petrofac syarikat antarabangsa yang terbukti bersalah kerana rasuah. Banyak negara menyekat dan menggantung kerjasama dengan Petrofac tetapi melalui Skandal Big Ben London Petrofac CEO Petronas memberi hampir RM400 juta projek kepada syarikat perasuah. Mengapa? Apa hubungan CEO Petronas dengan Petrofac?
https://thecorporatesecret.com/blog/2023/05/07/bagaimana-ceo-petronas-boleh-beri-projek-rm366-juta-kepada-syarikat-terkait-rasuah-antarabangsa/

Posted by investopology > 2023-05-18 13:19 | Report Abuse

Wow drop so significant recently. What happens?

Posted by unicornbird > 2023-05-21 13:44 | Report Abuse

85% of this company is owned by gov & gov linked companies. Any idea why they don't take it private?

Posted by FinanceInRealLife > 2023-05-25 17:53 |

Post removed.Why?

Posted by Diamond7 > 2023-05-29 13:33 | Report Abuse

https://www.klsescreener.com/v2/news/view/1158351

KUALA LUMPUR: Petronas Chemicals Group Bhd said it has yet to see a meaningful recovery, despite some uplift in demand from China, post-Chinese New year, for selected chemicals.

According to managing director and CEO Mohd Yusri Mohamed Yusof, the overall chemicals sector remains cautious given the volatile energy prices although there have been some positive movements in selected regions in the first quarter.

He added that operating costs have increased due to the effects of inflation on gas and fuel giving rise to energy and utilities costs, further narrowing product spreads and adding pressure on margins.

Posted by Sslee > 2023-05-29 15:07 | Report Abuse

I3lurker,
Petchem quarter ended 31 March result out
Save by Fertilisers and Methanol profit. Look like need to wait another very bad quarter to collect Petchem below Philip cost.

Segment profit for the period 1
Individual quarter ended 31 March
In RM Mil 2023: 2022
Restated
Olefins and Derivatives: 170: 733
Fertilisers and Methanol: 533: 1,172
Specialties: (29): 163
Others2: (138): 4
Total 536: 2,072

Posted by Sslee > 2023-05-29 15:09 | Report Abuse

By the way I am very motivated to collect Pchem below Philip cost.

Methanol price
Jan: USD 389
FEB: USD 376
March: USD 361
April: USD 353
May: USD 341

Urea
Jan: USD 444
Feb: USD 358
March: USD 314
Apri: USD 314

Posted by Phoebe > 2023-05-30 10:04 | Report Abuse

Below RM 5? Is that possible?

Sslee
By the way I am very motivated to collect Pchem below Philip cost.

Posted by Sslee > 2023-05-30 10:47 | Report Abuse

Petronas Chemicals - Not Out of the Woods Yet; D/G to SELL
Date:
2023-05-30
Firm:
RHB-OSK
Stock:
PCHEM
Price Target:
6.00
Price Call:
SELL
Last Price:
6.87
Upside/Downside:
-0.87 (12.66%)
Cut to SELL from Neutral, new MYR6 TP from MYR6.89, 13% downside. Petronas Chemicals’ 1Q23 results missed expectations due to weaker margins. The overall petrochemical market and specialty chemicals outlook remain unexciting amidst a weak recovery in demand. In the near term, we think the stock’s catalysts are lacking, while start-up costs for petrochemical plants at Pengerang Integrated Complex (PIC) could dampen margins.
Missed expectations. 1Q23 core earnings of MYR677m (-67% YoY; -29% QoQ) missed expectations, at 13% and 14% of our and Street full-year estimates. The negative variation was largely led by weaker-than-expected margins. No dividend was declared, as expected.

Posted by Diamond7 > 2023-05-30 12:22 | Report Abuse

Date: 2023-05-30
Firm: RHB-OSK
Stock: PCHEM
Price Target: 6.00
Price Call: SELL

Bad quarter!
Coming quarter....worse!

Posted by unicornbird > 2023-05-30 15:28 | Report Abuse

Any idea why the revenue is so high?
that means sales is very good. just cannot profit?

Posted by Diamond7 > 2023-05-30 17:03 | Report Abuse

Phoebe

300 posts

@Phoebe
Below RM 5? Is that possible?


Anything is possible in KLSC!!!
"The money is in the waiting"
Charlie Munger
Average downwards.....

Posted by Sslee > 2023-05-31 10:34 | Report Abuse

Urea futures fell below $300 per tonne in late May, the lowest since the opening days of 2021 as feedstock prices continued to slide. Abundant LNG imports and restructured supply chains increased the availability of natural gas in Europe. In the meantime, rising interest rates reduced expectations of future demand, lowering European and US natural gas prices. Also, major importer India continued to buy Russian fertilizers at discounted prices after the Kremlin snubbed European exports, freeing the flow from the giant Middle Eastern producers to Eurasia. Additionally, high inventories in Brazil cut the demand for one of the world’s leading agricultural producers. Previously, shortages of energy feedstock in Europe drove fertilizer plants to shut down or operate well below capacity, sending urea prices to a record $1050 per tonne in April 2022.

Posted by unicornbird > 2023-06-01 11:03 | Report Abuse

Sslee, how many % of pchem's revenue come from Urea?

Posted by Sslee > 2023-06-01 12:46 | Report Abuse

Revenue
quarter ended
31 March
2023: 2022
In RM Mil
Olefins and Derivatives: 3,393: 2,741
Fertilisers and Methanol: 2,407: 3,304
Specialties: 1,745: 578
Others: 12: 11
Total: 7,557: 6,634

Posted by unicornbird > 2023-06-01 13:31 | Report Abuse

From the data, urea is about 30%. But what cause the net profit to drop so much, till it's the lowest in past 5 years?

Posted by Diamond7 > 2023-06-04 10:47 | Report Abuse

Petronas Chemicals Group Bhd’s (PetChem) profit outlook for the second quarter of financial year 2023 (2Q23) looks even weaker than 1Q23, given the cyclical headwinds facing the petrochemical sector, say analysts. The group registered 1Q23 core net profit of RM604mil, down 29% quarter-on-quarter and fell 71% year-on-year. (TheStar)

Sell in May n run away!

Posted by Mabel > 2023-06-05 18:19 | Report Abuse

Haha now June oledi...

Waiting at RM 6..

Posted by unicornbird > 2023-06-06 08:16 | Report Abuse

for Petchem type of industry, the most expensive cost is feedstock. If Petronas carigali can subsidize Petchem, can it become the top player in this region? since there are no other companies like this.
Petamina is not ready & doesn't have complete up & downstream

Posted by DJThong > 2023-06-13 20:23 | Report Abuse

Buy to keep lah

Posted by Sslee > 2023-06-14 14:10 | Report Abuse

https://businessanalytiq.com/procurementanalytics/index/maleic-anhydride-price-index/

Petronas Chemicals Group Bhd (PetChem) said it had reached a final investment decision (FID) to acquire a maleic anhydride (MAn) plant in Gebeng, Kuantan from its 40% owned unit BASF Petronas Chemicals Sdn Bhd (BPC) for an undisclosed sum. The FID is targeted to be ready by the second half of 2025. PetChem signed an agreement with BPC previously for the acquisition of the 113-kilotonne-per-annum plant, with plans to repurpose and upgrade the facility to produce MAn for the food and pharmaceutical industries. MAn is produced for applications in coatings and polymers, and mainly used in production of unsaturated polyester resins, paints, and food flavouring.

Posted by BobAxelrod > 2023-06-14 14:16 | Report Abuse

Many industries in F&B are moving away from BPA based materials. And this one is rushing towards such chemical reagents??........LOL

Posted by spammerx > 2023-06-15 19:07 | Report Abuse

If we still eat and use plastic. I still buying pchemicle

Posted by rl68 > 2023-06-16 14:25 | Report Abuse

The IEA’s new report, called Oil 2023, confirms the downward trend in the demand for fossil fuels and dives into the evolving oil supply and demand dynamics through to 2028. The report sees oil use for transport going into decline after 2026, as the expansion of electric vehicles, the growth of biofuels, and improving fuel economy reduce consumption while overall consumption is expected to be supported by strong petrochemicals demand.

Posted by rl68 > 2023-06-16 14:28 | Report Abuse

According to the medium-term market report, global oil demand will rise by 6 per cent between 2022 and 2028 to reach 105.7 million mb/d based on current government policies and market trends. This growth is expected to be supported by robust demand from the petrochemical and aviation sectors.

Posted by shawn88 > 2023-06-16 15:39 | Report Abuse

back to rm5?

Posted by Mabel > 2023-06-16 16:03 | Report Abuse

1st support already reached today at RM 6.13

Mabel waiting to collect at RM 6..

Meow

Posted by Mabel > 2023-06-16 16:04 | Report Abuse

EPF has been buying..

Who is selling ?

Meow

Posted by Sslee > 2023-06-16 16:30 | Report Abuse

https://tradingeconomics.com/commodities

You just need to monitor above link on commodities price trend of Methanol, Urea, Polyethylene, Polypropylene and Polyvinyl to know a very bad quarterly earning is coming.

Posted by GS > 2023-06-16 16:40 | Report Abuse

foreign fund is selling but foreign shareholdings not many in Pchem, less than 10% for this counter.

Posted by Mabel > 2023-06-17 08:41 | Report Abuse

Noted and thanks Sslee and GS!

To Our Success !

Meow

Posted by Mabel > 2023-06-17 08:48 | Report Abuse

Guys just find out this. If you noticed how some share prices jump erratically today?. Yesterday was a Quadruple Witching Day, Case in point, Airport got hammered almost daily and today jumped up 16 sens. Happens every quarter 4 times a year. Fund managers doing portfolio rebalancing. Hope cum Monday it will climb further.

Have a great weekends

Meow

Posted by hhhiii123 > 2023-06-19 21:21 | Report Abuse

epf is buying this counter like crazy, good sign?

Posted by Mabel > 2023-06-20 08:44 | Report Abuse

Of course...

Meow

Posted by Nepo > 2023-06-21 05:37 | Report Abuse

Ouch still dropping
My butt already burst up

Posted by unicornbird > 2023-06-21 11:06 | Report Abuse

anyone can share analyst report for Pchem? looks like a bargain now. But not familiar with this business

Posted by Phoebe > 2023-06-21 11:30 | Report Abuse

I'm waiting at RM5. Will it ever come down to that price? It seem so far away.....almost like impossible. Want to break RM 6 also difficult.

Posted by Mabel > 2023-06-21 12:16 | Report Abuse

RM 6 is more reasonable..

Posted by spammerx > 2023-06-25 07:58 | Report Abuse

Down 71% profit YoY... should be about rm 3-4.5..

Posted by jonathanklse > 2023-06-30 10:47 | Report Abuse

Still dropping after Haji....

Posted by Mabel > 2023-06-30 21:01 | Report Abuse

Today is a good day for collection..

Mabel took this excellent opportunity

Posted by pang72 > 2023-07-02 10:02 | Report Abuse

Mabel,
PCHEM drop like Hapseng..
No destination