Posted by 8u29song > 2 weeks ago | Report Abuse

then...follow by Trump gets Nobel prize for peace

Posted by HKHedgeFund > 2 weeks ago | Report Abuse

私下拿公司的资金去抄外汇

Posted by Johnchew5 > 2 weeks ago | Report Abuse

Hoho … What is the royalty of Sarawak oil?

From 5% of gross value previously, the state's oil royalty now includes 20% of net profit from its oil-producing activities. Sarawak's relationship with Petronas has not been on the best of terms since the state started looking at reclaiming its rights over its hydrocarbon deposits under MA63.

Posted by Daim88 > 2 weeks ago | Report Abuse

This is basically how Petronas vs Abang Joe negotiation looks like
Petronas : Me 90% you 10%
Abang : No
Petronas : Ok, Me 80% you 20%
Abang : No
Petronas : Ok, Me 60% you 40%
Abang : No
Petronas : Ok, Me 40% you 60% ???!$#%#@%#
Abang : No
Petronas : Ok, Me 20% you 80% ???!$#%#@%#!%^$^$#@!!@#
Abang : No, me 100% you get out of Sarawak!!!!

Posted by nisah395 > 2 weeks ago | Report Abuse

Look like 4.00 achievable? Or can go lower?

Posted by Daim88 > 2 weeks ago | Report Abuse

Isn't it ironic, in the effort to fight off corruption and put those perpetrators in jail since 2013, unknowingly there's another power shifting underground taking advantage of the chaos in Putrajaya. Malaysia gained by putting 1 perpetrator in jail, while the rest walk free. At the same time, Putrajaya have totally lost control of Sabah and Sarawak.

Is Malaysia currently facing its biggest enemy since independence? Is PH government Malaysia's biggest failure since 1997?

Posted by DJThong > 2 weeks ago | Report Abuse

How does gas aggregator role affect pet chem ?
It’s oil to chems
And there are no pet chem plants yet in Sarawak using gas

Posted by Kawelegen > 2 weeks ago | Report Abuse

Yes 4.00 is my target since Sarawak issue will impact 30% of Petronas revenue. Last month 5.70 with 30% drop is 4.00

Posted by Diego2020 > 2 weeks ago | Report Abuse

it is just KWSP taking profits to announce 3.5% dividends by year-end lol

Posted by Mabel > 2 weeks ago | Report Abuse

#DJThong How does gas aggregator role affect pet chem ?
It’s oil to chems
And there are no pet chem plants yet in Sarawak using gas
11/11/2024 8:39 PM

The news about Sarawak's move to take over the distribution of natural gas in the state could have several implications for PETRONAS Chemicals Group Bhd (PCHEM):

Supply Chain Impact: If Sarawak successfully takes control over the distribution of natural gas, it could affect the supply chain for PCHEM, especially if there are changes in pricing or availability of natural gas, which is a key input for their chemical production.

Operational Costs: Any disruptions or changes in the supply chain could lead to increased operational costs for PCHEM. This could impact their profit margins and overall financial performance.

Legal and Regulatory Challenges: The ongoing legal and regulatory discussions between Sarawak and Petronas could create uncertainty in the market. This uncertainty might affect investor confidence and could lead to volatility in PCHEM's stock price.

Strategic Adjustments: PCHEM might need to adjust its strategies to mitigate any potential risks arising from this situation. This could include diversifying their supply sources or investing in alternative energy solutions.

Overall, while the full impact remains to be seen, these factors could potentially affect PCHEM's operations and financial performance.

Support 1 at RM 4.74
Support 2 at RM 4.63

Meow

Posted by Mabel > 2 weeks ago | Report Abuse

PETRONAS Chemicals Group Bhd (PCHEM) is expected to announce its next quarterly report on November 28, 2024.

Posted by BursaVulture > 2 weeks ago | Report Abuse

seems like insider knows coming QR will be bad and going forward will be worse.... insider always throw before bad news is made public.

Posted by nisah395 > 2 weeks ago | Report Abuse

Let see if can touch the covid price?

Posted by Mabel > 2 weeks ago | Report Abuse

technical chart looks horrible!

Posted by Mabel > 2 weeks ago | Report Abuse

During the COVID-19 pandemic, PETRONAS Chemicals Group Bhd (PCHEM) experienced significant fluctuations in its stock price. In November 2020, PCHEM's share price was around RM 5.00...

Now it is trading below that level..

Support 1 at RM 4.74
Support 2 at RM 4.63

Trade at your own risk..

Meow

Posted by williamh > 2 weeks ago | Report Abuse

Closely monitoring EPF movement

Posted by williamh > 2 weeks ago | Report Abuse

4 is challenging out patient two weeks to go

Posted by nisah395 > 2 weeks ago | Report Abuse

Q @4.70 cannot get ;)

Posted by kl_guy > 2 weeks ago | Report Abuse

from 2011 till now , chart show bottom at this level .this is 3rd time , forming a trilpe bottom . RSI at oversold . We might see bottom and rebound soon.

Posted by nicholas99 > 2 weeks ago | Report Abuse

Sell like crazy

Posted by alibiii > 2 weeks ago | Report Abuse

got cheap ticket at 4.69, lets see

Posted by nicholas99 > 2 weeks ago | Report Abuse

That dude from jail give freedom to two states. Later kelam kabut because they were crocs. Freedom is not bad. But without control, it's chaos

Posted by HKHedgeFund > 2 weeks ago | Report Abuse

Management people using company fund to invest foreign currency with huge loss, affected 5681, 6033

Posted by nicholas99 > 2 weeks ago | Report Abuse

Government is the biggest shareholders. Lol

Posted by Willtolive > 2 weeks ago | Report Abuse

465. still haven't found solid support yet

Posted by Amazonboy > 2 weeks ago | Report Abuse

Bleeding badly...Lol

Posted by mushimushi > 2 weeks ago | Report Abuse

https://www.dagangnews.com/article/terkini/petronas-petros-negotiation-may-have-broken-down-putrajaya-intervene-44505

Omg, this is going to be very ugly and affect everyone if Petronas loses.

Posted by mushimushi > 2 weeks ago | Report Abuse

Maybe court battle is the only way, Petronas must opt for this route as it will delay the take over as long as possible in the order to minimise the impact.

Posted by mushimushi > 2 weeks ago | Report Abuse

Anwar need to intervene and stop the take over let the matter settle in court. If Anwar simply let god decide, then PH will lose badly in the next election, they are simply incompetent. Malaysia is on a slippery slope going down hill ever since PH tried to take over Putrajaya. The public thought good times will come but greeted with chaos and calamity one after another. What happened to Malaysia for the past decade is simply not worth it.

Posted by BursaVulture > 2 weeks ago | Report Abuse

@mushimushi

Anwar dont have the upperhand, without the votes from Sarawak, PH will collapse. So, end of the day, Sarawak gets what Sarawak wants. Is it Anwar's fault? Can't blame him, he doesn't have the numbers.

Posted by Amazonboy > 2 weeks ago | Report Abuse

Petronas Gas/Dagangan share price ok....the issue is not Sarawak...the issue is forex losses & poor q results expected

Posted by mushimushi > 2 weeks ago | Report Abuse

https://www.freemalaysiatoday.com/category/nation/2024/11/12/rafizi-rules-out-vehicle-ownership-cash-transfers-for-ron95-subsidy/

PH government still busy splitting hairs over subsidies while oblivion about the backyard already catches fire.

Subsidies gains is peanut while losing tens of billions in future budget. Man, these PH stooges need to go back to school and learn to do maths again.

Posted by BursaVulture > 2 weeks ago | Report Abuse

This gas thing, pchem involved? I thought pchem is into chemicals?

Posted by Willtolive > 2 weeks ago | Report Abuse

Wait at the 4

Posted by 2Invest > 2 weeks ago | Report Abuse

Yup BursaVulture. It's only in Petrochemical products business.

https://www.petronas.com/pcg/

COMMENTARY ON PROSPECTS

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 and Derivatives to be soft amidst weak downstream demand and
returning supply from regional turnaround. Fertiliser product prices are forecasted to be firm with increased
agricultural activities upon improving weather, while ample supply continues to weigh down on methanol prices.

The Specialties segment is expected to see limited recovery as the global market conditions remain uncertain with
ongoing geopolitical tension and continued slow recovery in market demand.

Posted by pang72 > 2 weeks ago | Report Abuse

Niama! Bluechip is not the quarantee

Posted by pang72 > 2 weeks ago | Report Abuse

If drop another 50% will halve the market cap to 20b..
Anytime out of klci index

Posted by mushimushi > 2 weeks ago | Report Abuse

https://www.nst.com.my/news/nation/2024/11/1133203/heirs-now-free-lease-sabah-china-philippines-says-lawyer

Malaysia government should be in the offensive in order to counter Sulu heir for the committing the Sabah invasion of lahad datu, seek damages for USD 1 trillion.

Malaysia should seek UN to label the Sulu heirs as terrorists organizations. Sulu terrorists invasion of Sabah should automatically remove Sulu rights on the lease agreement.

Malaysia should also seek international sanction on Philippines over their acts to provide safe haven to Sulu terrorists and also the scamming cartels and illegal online gaming operating in Philippines.

Posted by mf > 2 weeks ago | Report Abuse

Dow Jones

Dow Jones Industrial Average

43,902.45

-390.68

0.88%

Nasdaq

NASDAQ Composite

19,271.83

-26.93

0.13%

Posted by James_Bond > 2 weeks ago | Report Abuse

I m right on my bearish Pchem outlook! Congrats comrades for following me to short pchem and earning money together!

Posted by nisah395 > 2 weeks ago | Report Abuse

today continue to push down?

Posted by zoozooka > 2 weeks ago | Report Abuse

Sulu is one of the terrorist groups backed by the usa/juws

Posted by nisah395 > 2 weeks ago | Report Abuse

Looking good. The play range is there.

Posted by nicholas99 > 2 weeks ago | Report Abuse

Going down how to make money. James bond

Posted by abcb > 2 weeks ago | Report Abuse

Severely oversold,will rebound very soon

Posted by abcb > 2 weeks ago | Report Abuse

TP 6.95

Posted by Mabel > 2 weeks ago | Report Abuse

Support: 4.52/4.41 |

Posted by nisah395 > 2 weeks ago | Report Abuse

Thanks for sharing @Mabel

Posted by abcb > 2 weeks ago | Report Abuse

RSI drop to 19.97,will rebound soon

Posted by nisah395 > 2 weeks ago | Report Abuse

Wait index drop below 1600, will keep some to invest. This this Petronas Group, not Sapura Group until PN17.