KUALA LUMPUR (May 9): Higher tax expense pulled down Petronas Chemicals Group Bhd's (PetChem) net profit by 2.1% to RM592 million or 7 sen per share for the first quarter ended March 31, 2016 (1QFY16) from RM605 million or 8 sen per share a year ago.
goldentriangleHo Sei Liao!!! Most of the Asian stock market continue it's bull run and making record high!!! Japan Nikkei closed at 16,919.92 (+184.80) (+1.10%) Hang Seng closed at 22,766.91 (+186.36) (+0.83%) Shanghai Composite closed at 3,050.67 (+48.03) (+1.60%) Taiwan Stock Index closed at 9,150.39 (+18.56) (+0.20%) KLSE closed at 1,684.15 (+5.35) (+0.32%)
Foreign Funds continue to pump in into KLSE!!! Our KLSE just 168x only, by right now should above 18xx already, still got so many space can going up!!!
And oil price also continue it's bullish status!!! US Nymex settled at $44.49 (+$1) (+2.3%) Brent settled at $46.90 (+0.87) (+1.87%) KLSE Next week will break 17xx points, All the Ah Ju, Ah Mao, Ah Kao counters was shooting up crazily!!! And good O&G company like PChem which is one of main KLSE composite index component will skyrocketing up also!!!
goldentrianglewow, All asian stocks continue it's bull run !!! Nikkei closed at 17,081.98 (+44.35) (+0.26 percent) Hang Seng closed at 23,787.68 (+138.13) (+0.58 percent) Singapore closed at 2,896.55 (+44.81) (+1.57 percent) Shanghai closed at 3,090.71 (+18.62) (+0.61 percent)
goldentriangleAnd as at 7.10pm oil price also on it's bull run !!! US Nymex at $44.94 (+0.50) (+1.13 percent)
Market sentiments become better and better, tommorrow Pchem definitely will go up up!!!
L. C. ChongPCHEM Analysis - https://lcchong.wordpress.com/2016/09/09/pchem-fundamental-analysis-9-sep-2016/