Posted by mushimushi > 3 weeks ago | Report Abuse

If the above is not the reasons, maybe speculator are betting on Trump to win election. Trump winning will means the end of Ukraine war, Russian oil will flood the market, oil prices will fall drastically given that fed rate cuts will take time to balance the oil price.

Posted by alibiii > 3 weeks ago | Report Abuse

i think malaysian speculator may not be as resourceful compared with international players as crude oil still up today

Posted by alibiii > 3 weeks ago | Report Abuse

the only time in past 14 years that pchem dropped below rm5 was during march 2020 when the whole world market crashed due to covid

Posted by Amazonboy > 3 weeks ago | Report Abuse

Wow huge drop...epf must be seeing stars...Lol

Posted by Johnchew5 > 3 weeks ago | Report Abuse

Hoho EPF yummy here also … has many fund managers..Up n Down also yummy ..just see their shares transactions … esp on Yinson SBB which bought over 5 % treasury shares , spent RM 470 million as on Latest QR .. ( EPF rotating with KWAP )

Announced Date Change Type Shares Name
04 Nov 2024 29 Oct 2024 Acquired 500,000 EMPLOYEES PROVIDENT FUND BOARD ("EPF BOARD")

29 Oct 2024 24 Oct 2024 Acquired 165,400 EMPLOYEES PROVIDENT FUND BOARD ("EPF BOARD")

28 Oct 2024 23 Oct 2024 Acquired 225,700 EMPLOYEES PROVIDENT FUND BOARD ("EPF BOARD")

25 Oct 2024 22 Oct 2024 Disposed 1,344,300 EMPLOYEES PROVIDENT FUND BOARD ("EPF BOARD")

24 Oct 2024 21 Oct 2024 Disposed 965,000 EMPLOYEES PROVIDENT FUND BOARD ("EPF BOARD")

23 Oct 2024 18 Oct 2024 Acquired 320,300 EMPLOYEES PROVIDENT FUND BOARD ("EPF BOARD")

23 Oct 2024 18 Oct 2024 Disposed 1,100 EMPLOYEES PROVIDENT FUND BOARD ("EPF BOARD")

22 Oct 2024 17 Oct 2024 Disposed 601,200 EMPLOYEES PROVIDENT FUND BOARD ("EPF BOARD")

Posted by Diamond7 > 3 weeks ago | Report Abuse

Year-to date, the stock, which has been sliding since mid-May, has fallen 29.7%.

One market watcher said anticipation is rising that PetChem might be issuing a negative profit guidance prior to the release of its results later this month.

This comes amid expected foreign exchange losses and a step up in depreciation charges at PetChem’s Pengerang facilities,

Posted by Diamond7 > 3 weeks ago | Report Abuse

Analysts covering PetChem are mostly neutral or negative on the stock. Based on Bloomberg’s compilation, seven have it on “sell” while another seven put it on “hold”; only three have it on “buy”.

Posted by Willtolive > 3 weeks ago | Report Abuse

keep buying at below 5

Posted by turbochart > 3 weeks ago | Report Abuse

EPF 2024 dividend 2.024% only!! 🤔

Posted by Amazonboy > 3 weeks ago | Report Abuse

Spend a lot building new plant..but low demand, poor margin & high maintenance cost..wonder how they do profit forecast..Lol

Posted by Johnchew5 > 3 weeks ago | Report Abuse

Maybank IB : Sell TP 4.18

HLIB : Sell TP 4.70

Morgan Stanley : Sell TP 4.95

Posted by Mabel > 3 weeks ago | Report Abuse

Ya lor...

Posted by XinXin Chan > 3 weeks ago | Report Abuse

Johnchew, why u only showed negative IB, what about positive IB like..
TA Securities Holdings: TP 6.93
Nomura: TP 6.60
Citi: TP 6.20
CIMB Securities: TP 6.04
BIMB Securities: TP 6.00

and so on....

Posted by XinXin Chan > 3 weeks ago | Report Abuse

If Pchem's Q3 results is making loss and the share price collapse prior to that,
shouldn't SC investigate on insider trading?

Posted by Johnchew5 > 3 weeks ago | Report Abuse

Hoho no worries la , later Buy what u Not understand will provide these positive facts n figures la … rather telling Snake n Dragon story la !

Posted by Johnchew5 > 3 weeks ago | Report Abuse

KUALA LUMPUR (Nov 5): Shares of Petronas Chemicals Group Bhd (KL:PCHEM) fell to their lowest in four and a half years after dropping 44 sen or 8.04% to close at RM5.03 on Tuesday, a level last seen in April 2020, as expectations mount that the group would be posting weaker results.

The counter, which dived from around 2.30pm on Tuesday, was the biggest loser of the day across Bursa. It saw 19.15 million shares change hands — nearly 4.5 times higher than its 200-day moving average. At RM5.03, the group has a market capitalisation of RM40.32 billion.

Year-to date, the stock, which has been sliding since mid-May, has fallen 29.7%.

One market watcher said anticipation is rising that PetChem might be issuing a negative profit guidance prior to the release of its results later this month.

This comes amid expected foreign exchange losses and a step up in depreciation charges at PetChem’s Pengerang facilities, he said.

Local institutions were the major sellers of the stock on Tuesday, another industry watcher observed.

At press time, the company has yet to respond to requests for comments from The Edge.

During the second quarter results reporting season in August, PetChem had already flagged that its plant turnarounds planned for the remaining months of 2024 might weigh on its output and volume.

These statutory turnaround activities in the oil and gas industry usually involve shutting down some refineries' operations for maintenance or upgrades. Such turnarounds are typically planned extensively, due to the cost involved and potential revenue loss.

Analysts had also projected that PetChem would see weaker earnings in the second half of FY2024, due to lower average selling prices (ASPs) in the olefins and derivatives segment, and larger-than-expected losses at the Pengerang Integrated Complex (PIC).

Posted by Kyuki0509 > 3 weeks ago | Report Abuse

Be greedy when others are fearful

Posted by Willtolive > 3 weeks ago | Report Abuse

surplus supply, low demand
it's elastic curve

Posted by Johnchew5 > 3 weeks ago | Report Abuse

5/1/2024 :

RSS : 1,984,000

IDSS : 25,000

Total Net Short Position:
27,562,298


-
4/11/2024 :

RSS : 270,500

Total Net Short Position:
28,193,198

Posted by Sslee > 3 weeks ago | Report Abuse

Some ineficient Petrochemical plant will be force closed and need few more years for demand growth to absorb the surplus supply.
I am waiting patiently to collect low.

Posted by Sslee > 3 weeks ago | Report Abuse

Hope to do better than Philip in collecting low.

02-Mar-2020 Buy +580,000 5.20 +3,025,097.20 3,993,200 - 28,514,851.84 7.140 27,752,889.84 6.950
10-Mar-2020 Buy +700,000 4.35 +3,054,182.75 4,693,200 - 31,569,034.59 6.726 30,807,072.59 6.564
20-Mar-2020 Buy +750,000 4.09 +3,076,749.13 5,443,200 - 34,645,783.72 6.364 33,883,821.72 6.224
12-May-2020 Buy +400,000 5.43 +2,178,607.40 5,843,200 - 36,824,391.12 6.302 36,062,429.12 6.171

Posted by Johnchew5 > 3 weeks ago | Report Abuse

Hoho half past 6 Konartist sslleee ran away from Jtiasa ke ….

Play double head 🐍 in Yinson… here used Negative head ke !🤣🤔

Oh used Positive head during defended Buy What u Not understand Serba subsidiaries screenshot….

Posted by Johnchew5 > 3 weeks ago | Report Abuse

Hoho let’s see his TA in Pchem is correct or not .., is correct in YTLpower.. although OTB promoted at RM 1.10 …


—-


南洋行家论股
下跌股:国油石化 RM4.80支撑

Tan KW

Publish date: Wed, 06 Nov 2024, 06:04 AM

国油石化（PCHEM，5183， 主板工业股）的日线交投走势，于11月5日闭市时报收5.03令吉，按日下跌44.0仙或8.04%。股价跌穿支撑位置后卖压加剧，进入盘整周期开始下滑。日线相对强度指数（RSI）处于28.79水平。支撑位置处4.80至4.93令吉，阻力水平处于5.32至5.45令吉。

Posted by Johnchew5 > 3 weeks ago | Report Abuse

Hoho don’t play play with Konartist sslleee le … directed the Crack Spread Wayang in Hengyuan n Petronm at RM 7.00 with the Kon gang with aka id !

Posted by dompeilee > 3 weeks ago | Report Abuse

Speculatively bought some PChem @ around $5 for the first time since selling @ $7.57 last year.

Posted by BursaVulture > 3 weeks ago | Report Abuse

more dumping? theedge reports yesterday huge dump was by local institutions.... means, more to go? how?

Posted by 8u29song > 3 weeks ago | Report Abuse

good ....

Posted by 8u29song > 3 weeks ago | Report Abuse

wealth distribution....I grab

Posted by Willtolive > 3 weeks ago | Report Abuse

nightmare to see good companies with high level fcf to drop like stone

Posted by Johnchew5 > 3 weeks ago | Report Abuse

Hoho somehow FCF yield 1.4 % is not impressive le …. Sslee got yr FCF listing ? How much used in Operating activities??


—-
Current Ratio 1.87
Debt-Equity (DE) Ratio 0.44
FCF Yield 1.4 %
Revenue QoQ 3.05 %
Revenue YoY 8.65%
Profit QoQ 16.32 %
Profit YoY 23.73 %
Profit Margin (Sector Median: 5.8) 6.78 %
ROE (ROIC: 4.11) 4.36 %
Dividend Per Share (DPS) 15.0 sen
Dividend Yield (DY) 3.02 %

Posted by 8u29song > 3 weeks ago | Report Abuse

waa...tuang macam tak payah modal.....

Posted by Mabel > 3 weeks ago | Report Abuse

#Johnchew5 Maybank IB : Sell TP 4.18

HLIB : Sell TP 4.70

Morgan Stanley : Sell TP 4.95

XinXin Chan
TA Securities Holdings: TP 6.93
Nomura: TP 6.60
Citi: TP 6.20
CIMB Securities: TP 6.04
BIMB Securities: TP 6.00

and so on....
05/11/2024 11:36 PM

Yum Yum

Posted by Johnchew5 > 3 weeks ago | Report Abuse

Hoho hope buy what u not understand not like as promoting Harta at RM 5.80 ( bought higher ) …said knew the product cost after visited the Plant but did not know the ASP movement !!!

—-

Analysts had also projected that PetChem would see weaker earnings in the second half of FY2024, due to lower average selling prices (ASPs) in the olefins and derivatives segment, and larger-than-expected losses at the Pengerang Integrated Complex (PIC).

Posted by Mabel > 3 weeks ago | Report Abuse

Haha Mabel waiting at RM 4.88

Meow Meow Meow

Posted by Johnchew5 > 3 weeks ago | Report Abuse

Hoho I meant may had high level of Profit / FCF is generated but somehow is used as Capex , reserve or other purpose?


—-

Posted by Johnchew5 > 15 minutes ago | Report Abuse

Hoho somehow FCF yield 1.4 % is not impressive le …. Sslee got yr FCF listing ? How much used in Operating activities??

Posted by Johnchew5 > 3 weeks ago | Report Abuse

Hoho emmm .. look like D . Trump will be the winner ! Chamlor…..

Posted by LossAversion > 3 weeks ago | Report Abuse

@Johnchew5, let him syiok first....later the blue will bash him kaw kaw!

Posted by flexibt > 3 weeks ago | Report Abuse

too early to call😈

Posted by Johnchew5 > 3 weeks ago | Report Abuse

Hoho at 11:11:08 Trump 198 leading by 89 …

Posted by ironrobe3388 > 3 weeks ago | Report Abuse

BursaVulture

more dumping? theedge reports yesterday huge dump was by local institutions.... means, more to go? how?

good thinking.

Posted by mushimushi > 3 weeks ago | Report Abuse

Trump won, wars end, oil price go down drastically

Posted by Mohd ImranRafifi > 3 weeks ago | Report Abuse

Nope, Trump will spend more on oil and gas development

Posted by Johnchew5 > 3 weeks ago | Report Abuse

Hoho Shale oil ke ...


The U.S. Energy Information Administration (EIA) estimates that in 2023, about 3.04 billion barrels (or about 8.32 million barrels per day) of crude oil were produced directly from tight-oil resources in the United States.
2024年3月28日

Posted by Johnchew5 > 3 weeks ago | Report Abuse

Hoho 214 vs 179 ... the lady is chasing up ... go go go ..


—-


Posted by Johnchew5 > 58 minutes ago | Report Abuse

Hoho at 11:11:08 Trump 198 leading by 89 …

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 3 weeks ago | Report Abuse

When Trump wins:

1. Shale oil mining will be restarted. US will be energy independent. Oil price should fall.
2. Hopefully, he will be able to bring peace to Ukraine/Russia and Israel/Palestinian. Wars are terrible events, best prevented always.
3. US-China relationship will continue to be strained. SEA countries may benefit from this.

Posted by Johnchew5 > 3 weeks ago | Report Abuse

Hoho 230 vs 210 …

美国总统大选｜美关键摇摆州有状况 宾州多人闯入申特郡投票所
time
21分钟前
view
3553点阅
责任编辑: 国际小编
（华盛顿6日综合电）美国总统大选5日登场，各州陆续开票，其中关键摇摆州之一的宾州申特郡一处投票所，疑似有多人闯入闹事，当地警方已紧急疏散工作人员。

《每日邮报》报导，美国东部时间晚间7时许，多名破坏者闯入贝尔丰特申特郡投票所，当地警方接获通报后紧急进行疏散，并封锁周边道路。

Posted by Johnchew5 > 3 weeks ago | Report Abuse

Hoho thanks ethical Sifu 3iii .

Posted by Johnchew5 > 3 weeks ago | Report Abuse

Hoho 247 vs 210 …

Posted by mushimushi > 3 weeks ago | Report Abuse

90% trump winning

Posted by Johnchew5 > 3 weeks ago | Report Abuse

Hoho Trump won 277