Posted by Mohd ImranRafifi > 2024-05-16 19:31 | Report Abuse

EPF started disposing PCHEM and PETGAS ... Wonder why

Posted by kong73 > 2024-05-17 06:57 | Report Abuse

Normal for them to create liquidity

Posted by Sslee > 2024-05-18 12:43 | Report Abuse

Indonesia is likely to start operations of 22 petrochemicals projects from 2021 to 2025, mainly driven by strong demand for plastics and fertilizers, according to GlobalData, a leading data and analytics company.

GlobalData’s latest report, ‘Petrochemicals New Build and Expansion Projects Market Size, Share & Trends Analysis report by type, region, key commodities, and key countries forecasts and analysis 2021–2025’ reveals that out of the 22 projects expected to commence operations in Indonesia, four will be methanol projects, followed by three polypropylene projects.

Bhargavi Gandham, Oil & Gas Analyst at GlobalData, comments: “Indonesia, one of the largest economies in Southeast Asia, is witnessing strong demand for petrochemicals, especially for plastics and fertilizers. Indonesian government plans to minimize dependence on petrochemicals imports by promoting the domestic petrochemical sector to meet the soaring demand.”

Among the upcoming methanol projects in Indonesia, the Air products Bengalon Methanol Plant project leads with a production capacity of 2 MMtpy. The project is expected to start operations in 2025.

GlobalData notes that among the upcoming polypropylene projects, the PT Trans Pacific Petrochemical Indotama Tuban Polypropylene Plant project and Lotte Chemical Corporation Cilegon Polypropylene Plant project lead with a production capacity of 600,000 tpy each. The PT Trans Pacific Petrochemical Indotama Tuban Polypropylene Plant is expected to start operations in 2024 while Lotte Chemical Corporation Cilegon Polypropylene Plant will commence operations in 2025.

Posted by rickygiam > 2024-05-18 23:46 | Report Abuse

Pchem is FBMKLCI component stock. KWSP keep buying, its supporting at 6.85, its going to break 7.04, next target 7.40. QR results should improve, dont miss the boat.. Recommended BUY

Posted by Mabel > 2024-05-20 14:49 | Report Abuse

Broken oledi..now trading RM 7.09..

So Power...

Meow

Posted by Mohd ImranRafifi > 2024-05-21 11:44 | Report Abuse

Ya, it broke RM7 despite EPF disposed it 😃

Posted by rickygiam > 2024-05-22 16:21 | Report Abuse

Epf dispose cause need to adjust portfolio for kswp account3, incase some members need immediate CASH...

Posted by Mohd ImranRafifi > 2024-05-23 12:11 | Report Abuse

EPF adjust its portfolio here and buy CTOS instead. ha

Posted by Sslee > 2024-05-29 13:54 | Report Abuse

The results of the Group’s operations are primarily influenced by global economic conditions, petrochemical
products prices which have a high correlation to crude oil price, particularly for the Olefins and Derivatives segment,
utilisation rate of our production facilities and foreign exchange rate movements.

The utilisation of our production facilities is dependent on plant maintenance activities and sufficient availability of
feedstock as well as utilities supply. The Group will continue with its operational excellence programme and supplier
relationship management to sustain plant utilisation level at above industry benchmark.

The Group anticipates product prices for olefins & derivatives to stabilise on steady demand amidst sufficient supply
post regional plant turnaround activities. Fertiliser and methanol product prices will be subdued following lower
fertiliser demand amidst delayed planting season, and ample methanol supply into the region. For specialties, the
Group expects modest recovery in certain end markets, dependent on the overall macroeconomic and supply
demand dynamics.

Posted by James_Bond > 2024-05-29 14:39 | Report Abuse

I m disposing pchem, fyi!

Posted by James_Bond > 2024-05-29 14:42 | Report Abuse

Lucky could run first for this cyclical business! Tech has better upside than this!

Posted by James_Bond > 2024-05-29 14:43 | Report Abuse

Ringgit is strengthening… forex gain will be lesser, watch out!

Posted by Sslee > 2024-05-29 16:34 | Report Abuse

CAPITAL COMMITMENTS
Capital expenditures which have not been provided for at the end of each reporting period are as follows:
In RM Mil
As at 31 March 2024
As at 31 December 2023
Property, plant and equipment:
Approved and contracted for 1,554: 80
Approved but not contracted for 1,988: 3,329
3,542: 3,409

Very soon the cash will be gone too. Then how to pay good dividend?

Posted by Mabel > 2024-05-30 08:33 | Report Abuse

Petronas Chemicals
PCHEM said profit attributable to shareholders jumped to 668 million ringgit in the first quarter, from 532 million ringgit a year earlier.

Basic earnings per share rose to 0.08 ringgit, versus 0.07 ringgit a year ago, according to a Wednesday Malaysian bourse filing.

Revenue, however, slid year over year to 7.50 billion ringgit from 7.56 billion ringgit, the petrochemicals company said.

The board did not recommend a dividend for the period.

Posted by Oldboynewnoob > 2024-05-30 17:02 | Report Abuse

Mabel, still good to pick up? At what price?

Posted by Mohd ImranRafifi > 2024-05-30 18:10 | Report Abuse

Wait Kenanga's tp baru pick up, better
https://klse.i3investor.com/web/pricetarget/research/71563

Posted by Mabel > 2024-05-31 10:56 | Report Abuse

Oldboynewnoob Mabel, still good to pick up? At what price?
30/05/2024 5:02 PM

Mabel is waiting to pick up at RM 6.3...

Kenanga price target is also good at RM 6.28..

The Real Trick To Investing Is — Patience.

To Our Success !

Meow

Posted by Mohd ImranRafifi > 2024-06-05 22:04 | Report Abuse

Is buying at cheap price a dream? It goes up instead 😅

Posted by Mabel > 2024-06-05 23:44 | Report Abuse

Haha very true...

Posted by Mohd ImranRafifi > 2024-06-10 11:15 | Report Abuse

Will benefit Pchem?
https://www.thestar.com.my/news/nation/2024/06/09/diesel-to-cost-rm335-per-litre-starting-midnight-on-june-10

Posted by Mabel > 2024-06-11 09:48 | Report Abuse

This 56% increase in diesel prices in Malaysia, resulting from the government’s revamp of fuel subsidies, has implications for various sectors, including companies like Petrochemical Corporation of Malaysia (PCHEM). Here are some key points:

Costs and Margins: PCHEM, being a major player in the petrochemical industry, relies on diesel for transportation, logistics, and energy generation. The price hike may lead to increased operating costs for PCHEM, affecting profit margins.

Revenue Impact: If PCHEM sells products domestically, higher diesel costs could impact its customers’ purchasing power, potentially affecting demand. However, if PCHEM exports products, the impact may be less direct, as international markets have varying diesel prices.

Meow

Posted by Mohd ImranRafifi > 2024-06-13 16:05 | Report Abuse

Thanks, Mabel. Then it is not a benefit but an impact

Posted by spammerx > 2024-06-14 22:31 | Report Abuse

I'm still using plastic and with data centre coming up. TNB need all the insulation for the cable.

Posted by andytfyap > 2024-06-18 16:36 | Report Abuse

It seems like the share is consistently going down for weeks. Presume it might fall to the expected prices. Shall we wait and buy at that level?

Posted by Mohd ImranRafifi > 2024-06-19 15:40 | Report Abuse

What price do you wish to buy at, andytfyap ?

Posted by andytfyap > 2024-06-20 11:56 | Report Abuse

Any suggestion ?

Posted by kong73 > 2024-06-21 18:43 | Report Abuse

Aiyaa find out what the intrinsic value and buy below that price laa

Posted by furball > 2024-06-22 15:06 | Report Abuse

70 to 75 pct of the company’s revenue is generated outside malaysia. So impact of diesel rationalisation will have some impact but not too much i suppose

Posted by kong73 > 2024-06-23 20:35 | Report Abuse

Their Feedstock price link with the crude oil price

Posted by Mohd ImranRafifi > 2024-06-24 18:36 | Report Abuse

Yup, when crude oil price goes up, their feedstock price will go up also

Posted by Mabel > 2024-06-25 13:21 | Report Abuse

Mabel reenter today at RM 6.41..

Now waiting at RM 6.40..

Meow

Posted by James_Bond > 2024-06-25 14:56 | Report Abuse

Mabel, your serbak dinamik battle ship submerged and brought many people died in the ocean. Now you still dare to bring the rest of newbies to sink with you?! Goodness!

Posted by kong73 > 2024-06-25 15:48 | Report Abuse

Petchem to fall like Serba Dinamik probability is zero

Posted by Mabel > 2024-06-25 16:44 | Report Abuse

SD went downhill due to False accounting . Nothing much we can do when honesty is compromised..

Here we have an honest index company..

kong73 is spot on..

PCHEM is a strong company..

Want to play safe wait until it touches RM 6.3..

Now PCHEM climb up oledi..

Loves this counter..

Trade at your own risk Ya..

Your money your call..

Meow

Posted by Mabel > 2024-06-25 16:51 | Report Abuse

PCHEM is listed in Bursa Hall of Fames...

Those with * are the counters Mabel is holding...

Pos Code Stock M-Cap L4Q P/E
1 1155 *MAYBANK* 118135461959.68 12.29
2 1295 PBBANK 81719012204.35 12.28
3 1023 *CIMB* 70593871096.70 9.86
4 5347 TENAGA 68984995902.32 26.50
5 5225 IHH 55219842743.01 16.28
6 5183 *PCHEM* 54960000000.00 31.41
7 6947 CDB 49037703389.84 31.30
8 8869 PMETAL 44081955112.30 29.05
9 5819 HLBANK 41750254149.84 10.67
10 6742 *YTLPOWR* 36125825721.96 10.69
11 6033 PETGAS 35656749108.30 18.76
12 3816 MISC 35219327582.67 17.98
13 4677 YTL 33427033750.20 9.03
14 5285 *SIMEPLT* 30636615682.43 15.07
15 4707 NESTLE 29828400000.00 45.20
16 6012 MAXIS 28038836053.80 28.26
17 1961 *IOICORP* 25455055929.75 28.70
18 2445 *KLK* 25276697918.00 32.71
19 6888 AXIATA 25250274175.50
20 1066 RHBBANK 23574914555.50 8.39
21 4863 TM 23447908790.80 12.44
22 4065 PPB 22619323130.10 15.92
23 5681 PETDAG 21697035360.00 22.44
24 5211 *SUNWAY* 19644237976.54 22.96
25 1082 HLFG 19324184427.60 4.42
26 4197 *SIME* 19151829191.37 5.00
27 3182 GENTING 17407263484.51 7.68
28 5014 AIRPORT 17019255206.40 31.33
29 7084 QL 15672751975.16 35.20
30 4715 GENM 15438916084.80 42.78
31 5296 MRDIY 14550607366.68 25.95
32 5398 *GAMUDA* 14540621082.75 16.17
33 1015 AMBANK 14052143738.56 7.62

To Our Success!

Meow

Posted by Leesa688 > 2024-06-28 12:28 | Report Abuse

PetChem most disappointing company. After averaging still go down! When go up only a few cents. What is happening to the Petronas companies - Petronas Dagangan shares also plunging!

Posted by Mohd ImranRafifi > 2024-06-28 17:42 | Report Abuse

Foreign funds were selling Petronas ... I think

Posted by bullrun168 > 2024-07-02 08:55 | Report Abuse

Walaoeh, oil price spike up crazily !
Brent closed at=> $86.60 +1.60 +1.88 %
Like that today Pchem going to limit up already liao lah !
Heng ah, Ong ah, Huat ah !

Posted by Needluck > 2024-07-02 10:20 | Report Abuse

foreign fund disposing stocks no future......

Posted by Needluck > 2024-07-02 10:22 | Report Abuse

Substantively lower institutional transactions in June. As the ringgit was slid slightly to MYR4.715=US$1 last month, the FBMKLCI marginally declined MoM as local institutions were substantively less active, being net purchasers of RM264mil in June (from RM2.4bil in May) while foreigners continued to be net sellers albeit at a slight RM61mil from RM1.4bil in May. 68% of net local institutional purchases were in the financial sector, 22% in plantation, 5.4% in healthcare and 4.5% in construction. Conversely, 72% of the June net foreign sales were in the financial sector, followed by plantation (20%), and healthcare (4%).

In June, foreigners sold out of Public Bank, MayBank, CIMB, YTL Power International, KL Kepong, YTL Corp, Hong Leong Bank, RHB Bank and Petronas Chemicals Group . However, they were net buyers of Tenaga, Press Metal, MISC, VS Industry, Inari Amertron, Mah Sing, AMMB Holdings, Malaysia Airports Holdings and IHH Healthcare.

Posted by Mohd ImranRafifi > 2024-07-03 17:03 | Report Abuse

Foreign funds sell off, local funds take over

Posted by Needluck > 2024-07-04 10:59 | Report Abuse

short volume @ 3/7/2024 accumulated 40,528,302 shares, careful o...

Posted by Needluck > 2024-07-04 14:43 | Report Abuse

pchem, axiata, maxis, klk... short selling very thick

Posted by zzprozaz > 2024-07-10 08:43 |

Post removed.Why?

Posted by Needluck > 2024-07-10 15:50 | Report Abuse

this is one of bursa "good" counter, drop from 21/5 until currently...

Posted by cessyloo > 2024-07-10 16:45 | Report Abuse

Can buy in low price? any suggestion?

Posted by Mohd ImranRafifi > 2024-07-10 20:17 | Report Abuse

Use extra cash to buy the dips

Posted by Mabel > 2024-07-10 23:27 | Report Abuse

Mabel collect more today from 6.19 until 6.16....

Meow

Posted by Mohd ImranRafifi > 2024-07-11 20:37 | Report Abuse

Remember don't all in, but buy in batches

Posted by Mabel > 2024-07-11 22:53 | Report Abuse

Touche Bro...

No issue to hold this gem as it has met Mabel's Target Collection price

Valuation

Following the change in our earnings forecasts, we lower our TP to RM7.15/share (previous: RM7.45/share) pegged to 9x CY25 EV/EBITDA. Maintain Hold.
Source: TA Research - 30 May 2024