PCHEM (5183) Overview - PETRONAS CHEMICALS GROUP BHD

Q @4.70 cannot get ;)

1 day ago

kl_guy

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.

1 day ago

Sell like crazy

1 day ago

alibiii

got cheap ticket at 4.69, lets see

1 day ago

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

1 day ago

HKHedgeFund

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

1 day ago

Government is the biggest shareholders. Lol

1 day ago

Willtolive

465. still haven't found solid support yet

1 day ago

Amazonboy

Bleeding badly...Lol

1 day ago

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.

1 day ago

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.

1 day ago

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.

1 day ago

@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.

1 day ago

Amazonboy

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

1 day ago

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.

1 day ago

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

1 day ago

Willtolive

Wait at the 4

1 day ago

2Invest

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.

1 day ago

pang72

Niama! Bluechip is not the quarantee

1 day ago

pang72

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

1 day ago

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.

1 day ago

Dow Jones

Dow Jones Industrial Average

43,902.45

-390.68

0.88%

Nasdaq

NASDAQ Composite

19,271.83

-26.93

0.13%

23 hours ago

James_Bond

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

22 hours ago

today continue to push down?

20 hours ago

zoozooka

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

19 hours ago

Looking good. The play range is there.

19 hours ago

Going down how to make money. James bond

18 hours ago

abcb

Severely oversold,will rebound very soon

18 hours ago

abcb

TP 6.95

18 hours ago

Mabel

Support: 4.52/4.41 |

18 hours ago

Thanks for sharing @Mabel

18 hours ago

abcb

RSI drop to 19.97,will rebound soon

18 hours ago

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

17 hours ago

tikcus

this time really cuci bersih bersih...

17 hours ago

Mohd ImranRafifi

I wonder how low Pchem would go ...

17 hours ago

tikcus

"be greedy when others are fearful" -Warren Buffet

17 hours ago

yeinemesis

https://theedgemalaysia.com/article/petronas-chemicals-institutional-offering-rm520-retail-rm504
History:
12 Nov 2010 The Edge. Pchem IPO price RM5.04
5 May 2022 touched RM11.08 high level in day trading
Today 12.30pm break RM4.570.

Study-Trump policy, Sarawak policy, Petronas future, Our economy, Our chemical future, Investors sentiment & whether Pmx/Finance minister knows his job.

From there can start to take position to buy when time is right. Otherwise you may get stuck with the low price for very long time after buying.

15 hours ago

xuxu

What is the bottom for pchem ? price is really attractive

15 hours ago

anybody that says they know where the bottom is.... are lying. nobody knows.

13 hours ago

NESARAJAH1

I gave up. 6 lots 6k units. Cut loss. Never ending drop.

12 hours ago

I've seen this kind of drop before, when a stock drops with no bad news available, it usually means insiders knows something we dont, and it will continue to drop till it stabilize (they finish selling), when? nobody knows, maybe today, maybe tomorrow, maybe next week.

12 hours ago

HKHedgeFund

USD825millions lose of foreign currency investment against USD

12 hours ago

Will wait at the covid price to average

11 hours ago

Leesa688

Isn't it obvious that the Management team needs to be revamped and bring in a talented team to turn it around? Petronas has always been a trailblazer so really don't understand why nothing is being done.

9 hours ago

ivanlau

Today closing 4.55 , if based on forward eps 24x16pe, the fair value only rm 3.84 !!

8 hours ago

Hanoi

The Fund manager and EPF still nonstop disposing it…still long way to go

8 hours ago

Michael Kwok

U see told u so.selling at 6 for safe for further losses.please read.
13/11/24 8.43pm
Petronas chemical 5.63
Sell on strength after rm 6.
Dun think will last long the upward.will put below rm 5 then accumulate bigger amount of shares.
18/8/24 11.28pm

8 hours ago

Mabel

Today PCHEM breached both support level :
Support 1 at RM 4.74
Support 2 at RM 4.63

Anyway, Mabel starts to re-enter PCHEM after it breaches both support level at RM 4.53 conservatively as the QR is expected to be announced on the 28th November.

With PCHEM EPS of MYR 0.25 (as per the latest data) and the PE ratio of 19.02:

PCHEM Fair Value Price = 0.25 ×19.02 = RM 4.76

This means that Mabel has collected at a good price given today’s closing prices is MYR 4.55 which is slightly under the above fair value...

Hope for the best!

7 hours ago