L. C. ChongPETGAS Analysis - https://lcchong.wordpress.com/2015/05/15/petgas-fundamental-analysis-15-may-2015/
pushparajWHY IS IT SINKING BADLY TODAY, DESPITE THE POSITIVE 1st QUARTER RESULT
L. C. ChongPETGAS Analysis - https://lcchong.wordpress.com/2015/08/05/petgas-fundamental-analysis-5-aug-2015/
kakashiNot to spook anyone but I am betting KLCI might touch 1550 in near term...and if its bad enough, 1500. Why? 1. Depreciation of RM, making imports much more expensive. Foreign selling RM bonds. 2. China economy shrinking, thus, government devalue yuen (3rd time now)sparking a currency war to boost its export. Many companies are selling goods to China, but with yuen decreasing, china will lose its buying power. 3. Shanghai index volatility. drop 5% today buy government backing bring it up to 2% increase. 4. Oil price hovering at 6 years low and expected to trend lower. Malaysia is primarily a O&G country, PETRONAS contribute RM8 bil as tax to government yearly. This time, we are seeing only RM4 bil (USD100 per barrel becomes USD45 per barrel). Blue chips counters in O&G will weight 5. Political instability. 6. Commodities are trading low prices. Copper, oil, due to devalue of Yuen, making China buying power to decrease.
All the best guys !
kakashiU.S. stocks sink as oil plunges to new lows
L. C. ChongPETGAS Analysis - https://lcchong.wordpress.com/2016/05/11/petgas-fundamental-analysis-11-may-2016/
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 Petgas which is one of main KLSE composite index component will skyrocketing up also!!!
acmilan2005Any possibility of this share to spike tomorrow?
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 Petgas definitely will go up up!!!
L. C. ChongPETGAS Analysis - https://lcchong.wordpress.com/2016/09/08/petgas-fundamental-analysis-11-may-2016-2/
Woo Kok KeongPETGAS AT LESS GO UP UNTIL 21.50++ maybe more than that , on march it also will declare dividend , i am 200% kwsp, amanah , kap will sapu it share up to earn back that dividend.. all have to be patient , if we all good luck hope it will climb abck until rm23, last year petronas earn big profit i hope it give large dividend
Woo Kok Keong1 more good counter for u guys take alook is NWP (5025)... if GOT MONEY TRY TO KEEP IT ... it will start climb back in this year . Happy chinese new year to all!!
GM68KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) and Saudi Aramco are expected to sign an agreement to collaborate in the country's Refinery and Petrochemical Integrated Development (RAPID) project, two industry sources said on Wednesday.
Aramco had decided to suspend its partnership with Petronas in the refining and petrochemical complex in the southeast of the country, according to sources last month.
The signing is expected to take place on Monday, said one of the sources with knowledge of the matter who declined to be identified, during a visit by Saudi Arabia's King Salman to Malaysia.
Saudi Aramco declined to comment and Petronas was not immediately available for comment. - Reuters Read more at http://www.thestar.com.my/business/business-news/2017/02/22/petronas-saudi-aramco-may-sign-new-deal-on-refinery-project/#K3YuMKp7U9tKTpQ6.99
dam82By right should be going up .. too late should have sold ...
dompeileeBought some PetGas @ 19.92 this morning...