Price Target Analysis: PCHEM (5183)

Could be because the management anticipate that the olefins and derivatives segment will soften as supply returns following the end of regional shutdowns while downstream demand remains weak in the next few months

3 weeks ago

Historical data shows that after the slump in September, US stocks tend to experience a relatively strong rebound in the following fourth quarter. Since 1990, the win rates for US stocks in October, November, and December have been as high as 65%, 71%, and 76%, respectively, with gains exceeding 1% in each month. This suggests that accumulating cash and buying fundamentally strong stocks during market downturns could be a viable strategy.

Generally, in a lower interest rate environment, the investment value of sectors with high dividends such as banks, utilities and consumer staples become more prominent. In the face of potential market volatility, stocks with stable dividend growth and high free cash flow yields in these sectors also have stronger defensive attributes. If their valuations are relatively low, the margin of safety will be higher. So if you expect more volatility in September than usual, it's time to sell offensive stocks and buy defensive stocks.

Cheers Everyone!

Meow

3 weeks ago

KUALA LUMPUR (Sept 4): Corporate Malaysia's earnings for the second quarter of this year have largely been in line with analysts' expectations, with 58 of the top 100 companies on Bursa Malaysia in terms of market capitalisation either meeting or beating analysts' estimates, while 42 missed consensus estimates.

Overall, these top 100 companies’ aggregate earnings rose 15.9% year-on-year (y-o-y) and 10.5% quarter-on-quarter (q-o-q), with 49 companies registering both y-o-y and q-o-q increases in their latest reported quarterly earnings.

Utilities, oil and gas (O&G) and financial services are the sectors that posted results that largely met or beat earnings consensus in the second quarter of 2024, while telecommunications, technology and construction were the ones that disappointed when compared against their earnings forecasts.

3 weeks ago

Daim88

Petronas getting hammer overseas and at home all at the same time?

Oil-rich South Sudan slams operators including Petronas unit for 'environmental damage'
https://theedgemalaysia.com/node/725463

There's still roughly 2 months till the deadline Petros takes over operation in Sarawak. Malaysia will brace for impact or just Petronas will be affected?

3 weeks ago

Sarawak will reach an agreement
& sign a deal with Petronas on the gas exploration. However the bulk of the marine deployed or the utilisation of vessel{s} will now be directly placed under State control. Just my 2 sen view

3 weeks ago

Pchem goes up today instead 👏

3 weeks ago

Daim88

Sarawak is killing Petronas and thus killing the country's income

Sarawak’s bid to control gas supply a concern for LNG buyers, international oil majors — Petronas
https://theedgemalaysia.com/node/725746

Lower dividend to govt possible with Sarawak's bid to control its gas resources, Petronas chief warns
https://theedgemalaysia.com/node/725728

3 weeks ago

Dow Jones

Dow Jones Industrial Average

40,345.41

-410.34

1.00%

Nasdaq

NASDAQ Composite

16,690.83

-436.82

2.55%

3 weeks ago

Without prejudice. The 2 Borneo states of Sabah & Sarawak is now the king maker. Whoever is in the Putrajaya hot seat needs their support

3 weeks ago

yeinemesis

pmx was in umno before. he was the deputy president. did he mention this issue when he was in umno?

2 weeks ago

Babayaga

so nice .... absolving all local sarawak parties in helping umno loot the state and fill their own pockets . who kept BN in power?

2 weeks ago

HafizAjiad98

Petronas terlalu besar dan Sarawak boleh 'menghisap' byk keuntungan dari mereka 😁

2 weeks ago

Don't ever dream Parliament of Malaysia will approve Sarawak leaving Malaysia

2 weeks ago

Dow Jones

Dow Jones Industrial Average

40,295.87

-441.09

1.08%

2 weeks ago

Jonathan Keung

My own view on Sarawak State will continue to seek more autonomy and indigenous stand with Sabah. The question of the 2 Borneo states departing from the Federation is not on the table. Things have changed unlike the early days of Malaysia formation in the early 50's after the Cobbard commission inquiry on the entry of the Borneo states into then Malaya. Brunei opted out and with Singapore the island state departed after 4 years. We are celebrating 67 years of Malaysia independence . Things and ties have cemented between the Federation and the 2 Borneo states. Although the Federation and the 2 Borneo states each have divergent views and different outlook &l views on their people aspiration, religion , custom , cultural and most important family ties.

2 weeks ago

Sslee

Malaysia is a rudderless ship, no one know where the ship is headed to.

Hope one day a good captain will come onboard to steer the ship to unity and prosperity.

2 weeks ago

EngineeringProfit

The spiraling down phenomenon where the poor vote for religious promises of a heavenly afterlife while the government exploits them by keeping them poor and uneducated is a deeply concerning cycle. Breaking this cycle requires a concerted effort to promote education, critical thinking, and economic opportunity, coupled with political reform that ensures transparency and accountability. By addressing the root causes of poverty and promoting intellectual and economic empowerment, society can move towards a more equitable and progressive future.

2 weeks ago

Sslee

Very bad quarter coming.
Receivables, sales and foreign assets in USD so with stronger MYR next quarter will see big lose in foreign exchange.

1 week ago

Sslee Very bad quarter coming.
Receivables, sales and foreign assets in USD so with stronger MYR next quarter will see big lose in foreign exchange.
21/09/2024 10:41 PM

Thanks for the head up Handsome sslee.

it's all about position sizing...

To Our Success !

Meow

1 week ago

I think the market has priced in those already

1 week ago

One more week come Oct 1. Most probably Sarawak State and Petronas will come into an arrangement and agreement on the business of distribution, exploration and rights

1 week ago

U must be bodoh enough to thin sarawak will leave Malaysia... XD

1 week ago

With only 3m population and huge land it's impossible to develop without the help of penisular . Even if u have so much oil the demand is not there for them to extract etc. they have to BUY all of PETRONAS assets

1 week ago

Anwar WILL help to develop Sarawak in exchange of Oil . That's the win win situation !

1 week ago

Brunei and Singapore are small countries . Sarawak so big and widespread . U no common sense ? Btw if u wanna scare off Pchem holders and buy quietly. It's not working lol

1 week ago

2016 calling Maybank GG at price of RM 8, and it went up all the way to RM 11.. u seem bodoh xD...

1 week ago

Don't worry after Oct 1st u will disappear from pchem.. xD

1 week ago

To be treated fairly is to get thing in exchange and Sarawak will get a huge development project. Buy Sarawak related stocks !

1 week ago

Small brain is you.. following the news blindly xD . Come on common sense those are just assets and can't generate money short term . Even long term with oil price at 70 USD NOONE wants your oil now because supply more than demand.. learn the basic , I know u have pchem too so no need to scare off people here

6 days ago

Btw where's genting rocket soon? U doing ok?

6 days ago

Okok u win

6 days ago

Buy and keep for 3 months.TP6.95

6 days ago

Jonathan Keung

We all are small fry. A few words in this forum wont change the price . Mr market knows better especially for big cap stocks

6 days ago

Jonathan Keung

abcd. Yes I hope too

6 days ago

Why mushimushi remove the post..

6 days ago

mushimushi

Petronas and Sarawak already shook hands.

6 days ago

https://www.google.com/amp/s/www.malaymail.com/amp/news/malaysia/2024/09/24/no-legal-battles-ahead-petronas-not-taking-action-against-sarawak-or-petros-says-premiers-office/151515

6 days ago

Eh dun like that la.. haven't october 1 ..

6 days ago

Anyways.. upcoming budget 2025.. Sarawak beneficial.. grab your Sarawak stocks.. cmsb , etc

6 days ago

TP 6.93 by year-end of 2024,next year 8.00 to 9.00

5 days ago

Right times to accumulate

5 days ago

Short term 6.00

5 days ago

Still very cheap to buy at 5.80

5 days ago

Unable to sustain the sudden hike in prices. upward momentum still intact. Will be good for PChem if last minute push uo

5 days ago

Yesterday some Uncles matched Mabel's selling price at 50% Holding at RM 5.80...

Today collect back RM 5.62

4 days ago

hi guys do u know who are Pchem major customers?

4 days ago

PETRONAS Chemicals Group Berhad (PChem) serves a diverse range of customers across various industries. Some of their major customers include companies in the automotive, construction, agriculture, and consumer goods sectors. They supply essential chemicals like olefins, polymers, fertilizers, and methanol, which are used in manufacturing products ranging from plastics and synthetic rubber to fertilizers and industrial chemicals.

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

4 days ago