Posted by limitupandsurewin88 > 2023-08-22 10:01 |

Post removed.Why?

Posted by NESARAJAH1 > 2023-08-22 10:09 | Report Abuse

At last. Holding on with 5 figure losses.

Posted by limitupandsurewin88 > 2023-08-22 10:43 |

Post removed.Why?

Posted by Mabel > 2023-08-22 11:42 | Report Abuse

Nice and lovely...

Meow Meow Meow

Posted by HafizAjiad98 > 2023-08-22 12:15 | Report Abuse

Berita bak. Petronas akan bekerjasama dgn Microsoft dan Cegal dlm infrastruktur AI

https://www.offshore-technology.com/news/petronas-microsoft-cegal/?cf-view

Posted by hhhiii123 > 2023-08-22 21:33 | Report Abuse

tomorrow open low or not, interesting

Posted by Mabel > 2023-08-23 08:09 | Report Abuse

#hhhiii123 tomorrow open low or not, interesting
22/08/2023 9:33 PM

PETRONAS Chemicals Group Berhad Declares First Interim Single Tier Dividend for Fiscal Year Ending 31 December 2023, Payable on 21 September 2023

PETRONAS Chemicals Group Berhad has declared a First Interim Single Tier Dividend for fiscal year ending 31 December 2023 of 8 sen per ordinary share. Ex-Date is 07 September 2023. Payment Date is 21 September 2023. Entitlement date is 08 September 2023.

When a company pays out a dividend, it signals that the company is profitable and has enough cash to distribute to its shareholders. However, the stock price usually drops by the amount of the dividend after the ex-dividend date. This is because new shareholders are not entitled to that payment.

Last year PCHEM as given us a Yield of 5.85% which is better than ASB. PETRONAS Chemicals Group Berhad is a dividend paying company with a current yield of 5.85% that is well covered by earnings. PCHEM's dividend (5.85%) is in the top 25% of dividend payers in the MY market (5.17%). This also means PCHEM's dividend payments are covered by its cash flows.

To Our Success !

Meow

Posted by Sslee > 2023-08-23 08:56 | Report Abuse

EPF is buying without it the price will drop. EPS of 8 cents and dividend of 8 cents is a poor quarter result.

Most likely 2H another 8 cents dividend so with Mabel' dividend Yield of 5.85% the fair price of Pchem is 0.16/0.0585= RM 2.735

Posted by Mabel > 2023-08-23 12:10 | Report Abuse

Haha No Issues Handsome Sslee..

Mabel holding cost is much lower...

Will collect more if it drops at that price..

Meow

Posted by HafizAjiad98 > 2023-08-23 12:16 | Report Abuse

Terus terjunam hari ni selepas Q2 yg tak baik keluar ...

Posted by Mabel > 2023-08-23 16:54 | Report Abuse

Actually very good closing at RM 6.81...with Dividend some more...

TA is giving a Target Price of RM 7.40..

What more can you ask?

Life is so beautiful..

Meow

Posted by Mabel > 2023-08-23 17:09 | Report Abuse

2Q23: Equally challenging

Despite some bright spots in the O&D segment (reduction in PIC start-up losses, improved production volumes), PCHEM had another sequentially difficult quarter, underpinned by unplanned F&M shutdowns and poor specialties performance. We revise our FY23/24E estimates lower by 18-24%, but believe the worst is likely over for PCHEM. Our TP is raised to MYR7.00 (+2%) and now pegged to 8x FY24E EV/EBITDA, at -0.5SD to PCHEMs LT Mean (from 6x FY24E EV/EBITDA, at -1SD to Mean previously).

Source: Mabel's Tiger Bank

Posted by Mabel > 2023-08-25 16:06 | Report Abuse

Haha back to RM 6.90...

Meow

Posted by Mabel > 2023-08-28 12:39 | Report Abuse

Warren Buffett has excelled in choosing businesses that have been able to stand the test of time through many economic cycles and raise their dividends to shareholders. Dividends may not be the Oracle of Omaha’s secret sauce, but they're a significant ingredient that keeps chugging cash into Berkshire’s account.

"Growth occurred every year, just as certain as birthdays. All Charlie [Munger] and I were required to do was cash Coke’s quarterly dividend checks" – Warren Buffett’s 2022 Annual Shareholder Letter

During his wealth-growth phase, Mr. Buffett sought after companies leading in their respective industry and those facing some trouble that he believed could be solved over time. He famously mentioned that the best time to buy a business is when it is on the operating table.

This is exactly what Mabel is doing, investing in companies leading in their respective industry (80%) and those facing some trouble that he believed could be solved over time (20%).

Warren Meow

Posted by Mabel > 2023-08-29 16:36 | Report Abuse

RM 7.16 oledi...

So Nice...

Meow

Posted by Mabel > 2023-08-29 16:47 | Report Abuse

RM 7.18 oledi

So Nice...

Meow

Posted by DividendGuy67 > 2023-08-29 18:59 | Report Abuse

I think next year, should challenge RM8 with 60% probability (i.e. more likely to happen, than not).

Posted by Mabel > 2023-09-01 17:03 | Report Abuse

#DividendGuy67 I think next year, should challenge RM8 with 60% probability (i.e. more likely to happen, than not).
29/08/2023 6:59 PM

Absolutely !

PCHEM did much better this year...

Upcoming dividend of RM0.08 per share at 5.8% yield

Eligible shareholders must have bought the stock before 07 September 2023.
Payment date: 21 September 2023.

Payout ratio is a comfortable 54% and the cash payout ratio is 76%.
Trailing yield: 5.8%.

Within top quartile of Malaysian dividend payers (5.1%).

In line with average of industry peers (5.5%).

To Our Success !

Meow

Posted by DividendGuy67 > 2023-09-15 20:41 | Report Abuse

7.43 closing. Nice.

Posted by Fabien _the efficient capital allocator > 2023-09-18 20:32 | Report Abuse

Oil will hit 100/bbl soon

Posted by speakup > 2023-09-19 07:31 | Report Abuse

yessssss more pressure on govt to remove petrol subsidy!

Posted by EatCoconutCanWin > 2023-09-22 15:19 | Report Abuse

I buy in this one. Not sure ok or not. Anyone

Posted by EatCoconutCanWin > 2023-09-22 18:25 | Report Abuse

Seem everyday up leh

Posted by rl68 > 2023-09-23 17:30 | Report Abuse

“Despite (being) an oil trading and storage bub, Singapore faces inherent disadvantages to compete with Malaysia in terms of operating and labour costs and intense competition from new refining and petrochemical parks in Malaysia and Brunei,” said Mr San Naing, senior oil and gas analyst at research firm BMI.

Posted by James_Bond > 2023-10-04 11:47 | Report Abuse

Oh no Mabel is here, hope you r ok with your sinking serbak battleships…

Posted by Mabel > 2023-10-10 13:07 | Report Abuse

https://www.thestar.com.my/business/business-news/2023/10/09/petchem-to-build-largest-chemical-recycling-plant-in-asia?utm_source=Smartech&utm_medium=email&utm_campaign=dailynewsalert&utm_content=20231010&__sta=vhg.uosvpxQddhqne.jsu0sv%7CIBFT&__stm_medium=email&__stm_source=smartech

KUALA LUMPUR: Petronas Chemicals Group Bhd said it will construct Asia's largest advanced chemical recycling plant in Pengerang, Johor, with a capacity of 33 kilotonnes per annum (ktpa).

The plant is targeted to be operational by the first half of 2026, the petrochemicals group said in a statement.

Meow

Posted by Mabel > 2023-10-10 13:09 | Report Abuse

James_Bond Oh no Mabel is here, hope you r ok with your sinking serbak battleships…
04/10/2023 11:47 AM

Haha someone mention about Serba. Mabel came in when Serba was still a Blue Chip. There are currently 3 types of Investors in Serba:

1. Bonus Issues Investors
2. Pre July21 Suspension Investors
3. Post July21 Suspension Investors

The one that benefits the most is Category 1 who was awarded Bonus Issues, Dividends and took price action during Dec 2020 rally. 2nd is Category 3 who took massive price action during July 2021 rally, Nov and Dec 2022 Pull Back. The Biggest loser are in Category 2 who freeze like Old Monks when they are supposed to take massive Price Action when it matters...

Mabel the Smart Trader..

Posted by Mabel > 2023-10-10 13:10 | Report Abuse

BTW how's your Top Glove?

Posted by Mabel > 2023-10-13 19:05 | Report Abuse

Nice and lovely..RM 7.35...

Life is so beautiful..

Posted by Mabel > 2023-10-13 22:22 | Report Abuse

#Mabel Actually very good closing at RM 6.81...with Dividend some more...

TA is giving a Target Price of RM 7.40..

What more can you ask?

Life is so beautiful..

Meow
23/08/2023 4:54 PM

From PMX budget speech today, for Investor like Mabel is not Good as Brokerage Fees increase by 33% from 6 to 8%. But the Winning from PCHEM, Armada and Sapnrg are so good..

Thank you PCHEM, Mabel decided to lock her profits today. Will cum back when PCHEM retrace back..

Captain Mabel Meow

Posted by Richard Ng > 2023-10-16 09:48 | Report Abuse

will challenge rm 8 tomorrow,i guess

Posted by dompeilee > 2023-10-16 10:04 | Report Abuse

On 24/2 I broke my own rule by re-purchasing the PChem I SOLD way back in 2021 @ way higher than my original cost of $5.11 in 2015, buying @ $7.44...but after receiving both '23 dividends, I ESCAPED from 60% of my reacquired stake @ $7.57 this morning!🤗

Posted by Mabel > 2023-10-18 08:18 | Report Abuse

As usual, there is a lot to unpack from Malaysia’s Budget 2024 measures. Everyone’s attention was turned to the increase in the Sales and Services Tax from 6% to 8%. However, there are 3 announcements that will benefit Mabel Malaysia. Here are the Top 3 Beneficiary of Mabel Malaysia from the latest Budget 2024 measures:

*#1 Petronas Chemicals Group*

Good news for Petronas, more specifically for its Pengerang project in Johor. The government has proposed that the Pengerang Integrated Petroleum Complex (PIPC) area be turned into a development hub for the chemical and petrochemical sectors.

It plans to do so by introducing a tax incentive package in the form of a special tax rate or investment tax allowance. Hence, Petronas Chemicals Group (PCG) could stand to benefit from this being an integrated petrochemicals producer, while Petronas (the parent company) was the organisation behind the PIPC project.

Amid a decline in crude oil prices this year, PCG’s revenue has also declined by 6.8% to RM$14.7 billion in 1H 2023 from RM$15.8 billion in 2H 2022. Profits also followed suit with a decline of 51.2% to RM$1.2 billion from RM$2.4 billion over the same period.

In terms of valuation, PCG is trading at a PER of 16.7 times compared to the industry’s average of 30.6 times. Meanwhile, market analysts have PCG at an UNDERWEIGHT investment call, but this could soon change with the latest Budget 2024 measure announcements. It currently gives a dividend yield of 5.6%.

To Our Success !

Captain Mabel Meow

Posted by Mabel > 2023-10-18 08:49 | Report Abuse

Mabel has locked her 1st Profits for PCHEM last Friday when the Golden Cross happened to fund her donation. Somehow rather find its way back to Mabel as the shares keep climbing steadily this week. It’s now trading above 20, 50, 100 and 200 Moving Averages. MACD signal is very bullish..

Petronas Chemicals Group Bhd said it will construct Asia's largest advanced chemical recycling plant in Pengerang, Johor, with a capacity of 33 kilotons per annum (ktpa). The plant is targeted to be operational by the first half of 2026..

To Our Success !

Captain Mabel Meow

Posted by HafizAjiad98 > 2023-10-19 12:13 | Report Abuse

Kutip sikit pd 7.47 : )

Posted by Mabel > 2023-10-20 15:36 | Report Abuse

Good opportunity to collect more today...

Posted by azrudin84 > 2023-10-20 16:20 | Report Abuse

waiting 7.00 baru in.

Posted by deric5721 > 2023-10-20 16:34 | Report Abuse

What happened? Why dropped so much

Posted by investingiscommonsen > 2023-10-23 09:25 | Report Abuse

hi , below is my analysis of petronas chemicals group , feel free to give any comment

https://klse.i3investor.com/web/blog/detail/investmentknowledge/2023-10-23-story-h-216935674-Petronas_Chemicals_Group_s_RM_10billion_investment_in_Perstorp_is_FUTIL

Posted by HafizAjiad98 > 2023-10-25 09:42 | Report Abuse

Telah masuk tinggi saham ni...🙁

Posted by TiGongPoPiPopi > 2023-10-30 14:20 |

Post removed.Why?

Posted by nfl231 > 2023-11-01 17:08 | Report Abuse

Can someone tell me why the intangible asset of PChem increased tremendously in the last year's auditors report as compared with 2021 accounts. ? Will this affect the profit and loss account and balance sheet ? OR is this an accounting tactic to increase the value of the Company ?

Posted by Sslee > 2023-11-29 07:36 | Report Abuse

Chemical market overcapacity and weakening demand: a perfect storm
Following several years of significant investment in production capacity in China, a perfect storm is hitting the chemicals market, as increased global capacity meets weakening demand. The global oversupply of petrochemicals is expected to hit a record 218m tonnes in 20231 and China is continuing to add capacity, with almost 140m tonnes expected to come onstream in 2023, well in excess of previous years.

Against the backdrop of a worsening macroeconomic outlook and a strong US dollar, chemical market participants are having to contend with an unprecedented level of uncertainty within the industry.

Posted by James_Bond > 2023-11-29 22:11 | Report Abuse

PCHEM declared bad QR! Let’s short PCHEM till this battle ship sinks below 6!

Posted by Mabel > 2023-11-29 22:36 | Report Abuse

Haha please do...Mabel wang to reenter back...

If can get below RM 6 will be purrfect...

Meow

Posted by James_Bond > 2023-12-07 14:40 | Report Abuse

Your serbak ship had sunk! Meow still wan to drag more ppl to buried with you?! Goodness!

Posted by Mabel > 2023-12-08 09:13 | Report Abuse

Reenter Yesterday...

Nice to see it breaches RM 7 today

PCHEM is so Mabellous

Meow

Posted by Mabel > 2023-12-08 09:23 | Report Abuse

Haha RM 7.040 oledi...

Posted by Mabel > 2023-12-08 11:32 | Report Abuse

Haha RM 7.080 oledi...

Posted by Fabien _the efficient capital allocator > 2023-12-08 11:59 | Report Abuse

Long term bullish on oil. Bought Chevron