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KLSE: PCHEM       PETRONAS CHEMICALS GROUP BHD
Last Price Avg Target Price   Upside/Downside Price Call
5.50 5.62     +0.12 (2.18%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
15/09/2020 5.63 7.05 +1.42 (25.22%) BUY AmInvest Price Target News
07/09/2020 5.50 6.80 +1.30 (23.64%) BUY MACQUARIE GROUP Price Target News
21/08/2020 6.10 5.85 -0.25 (4.10%) HOLD MIDF Price Target News
21/08/2020 6.10 6.45 +0.35 (5.74%) HOLD KENANGA Price Target News
21/08/2020 6.10 5.90 -0.20 (3.28%) HOLD HLG Price Target News
21/08/2020 6.10 6.70 +0.60 (9.84%) HOLD BIMB Price Target News
21/08/2020 6.10 7.05 +0.95 (15.57%) BUY AmInvest Price Target News
21/08/2020 6.10 4.70 -1.40 (22.95%) SELL AffinHwang Price Target News
19/08/2020 6.10 7.05 +0.95 (15.57%) BUY AmInvest Price Target News
15/07/2020 6.30 4.61 -1.69 (26.83%) SELL AffinHwang Price Target News
09/06/2020 6.88 7.70 +0.82 (11.92%) BUY AmInvest Price Target News
22/05/2020 6.13 4.00 -2.13 (34.75%) SELL AffinHwang Price Target News
21/05/2020 5.84 5.85 +0.01 (0.17%) HOLD MIDF Price Target News
21/05/2020 5.84 5.75 -0.09 (1.54%) HOLD KENANGA Price Target News
21/05/2020 5.84 4.42 -1.42 (24.32%) SELL HLG Price Target News
21/05/2020 5.84 6.60 +0.76 (13.01%) BUY BIMB Price Target News
21/05/2020 5.84 4.45 -1.39 (23.80%) SELL AmInvest Price Target News
13/04/2020 4.82 3.25 -1.57 (32.57%) SELL AmInvest Price Target News


Price Target Research Article/News (past 6 months)
15/09/2020  AmInvest Petronas Chemicals Group - Oxyalkylate Investment Supports Long-Term Growth
07/09/2020  MACQUARIE GROUP PCHEM: Target Price Reduced to RM6.80 But Outperform Maintained
21/08/2020  MIDF Petronas Chemicals - Subdued Product Prices a Bane on Earnings
21/08/2020  KENANGA Petronas Chemicals Group- Weak 1HFY20,Expecting Recovery in 2H
21/08/2020  HLG Petronas Chemicals Group - Fairly Valued Despite Better 2H20 Prospects
21/08/2020  BIMB PChem - 2QFY20 - Results Review
21/08/2020  AmInvest Petronas Chemicals Group - Expecting Over 90% Plant Utilisation Rates
21/08/2020  AffinHwang Petronas Chemicals- Weak Revenue and High Tax Drag on Earnings
19/08/2020  AmInvest Petronas Chemicals Group _ Looking Ahead To Price Recovery
15/07/2020  AffinHwang Petronas Chemicals - a Special Dividend, If Any, Is More Than Priced in
09/06/2020  AmInvest Petronas Chemicals Group- Oil price reignition
22/05/2020  AffinHwang Petronas Chemicals - Remain Cautious
21/05/2020  MIDF Petronas Chemicals Group Berhad - Battered But With Chance of Recovery
21/05/2020  KENANGA Petronas Chemicals Group - 1QFY20 In Line; A Better 2H
21/05/2020  HLG Petronas Chemicals Group - Rocky Start to 2020
21/05/2020  BIMB Petronas Chemicals- Robust sales volume despite lockdown
21/05/2020  AmInvest Petronas Chemicals Group - Close correlation to precarious oil price
13/04/2020  AmInvest Petronas Chemicals - Expect lower oleochemical prices and utilisation rates



  8 people like this.
 
AnaiAnai IB said buy. then buy at discount with safety margin not buy at premium. Wait for rm5. Can?

Profit drop from 1.12bil to 0.18bil show the margin squeeze like hell. Price has to adjust downward. wait at lower is safer. 5sen dividend is nothing if price can drop rm1.
20/08/2020 12:11 PM
21/08/2020 3:33 AM
DreamKaiser 186 mil profit for q2
21/08/2020 3:33 AM
DreamKaiser very very good
21/08/2020 3:33 AM
DreamKaiser wonder why price no up so much
21/08/2020 3:34 AM
DreamKaiser maybe coming soon aah
21/08/2020 3:44 AM
DreamKaiser hopefully
21/08/2020 3:44 AM
DreamKaiser congratulations
21/08/2020 3:48 AM
DreamKaiser well done petchem
21/08/2020 3:49 AM
DreamKaiser keep up the good work
21/08/2020 3:49 AM
Henry8833 Very disappointing results due to covid 19. Just don't know when can recover from covid. Dividend also all time low. They should give slightly higher dividend eg 8-10 sen given high cash balances if they expect business to recover. Very stingy. Only medical related stocks like glove is doing well.
21/08/2020 10:32 AM
Mabel Meow..
21/08/2020 8:34 PM
22/08/2020 1:09 AM
DreamKaiser walawey
22/08/2020 1:09 AM
DreamKaiser q2 profit 186 mil pun lagi 6 sen down kah
22/08/2020 1:10 AM
DreamKaiser susah la ini macam
22/08/2020 1:11 AM
AnaiAnai more IB come out with lower TP price. why? overvalued at current price. QR EPS 2sen only. what happen next QR also at same EPS? Is this worth RM6? maybe rm4 also possible?
22/08/2020 3:48 PM
AnaiAnai 5.98 now. whoever want 5sen dividend. price dropping more than 5sen by many times. not worth to wait for the dividend.
24/08/2020 2:57 PM
Sin Lee Good news, why share price drop?
https://www.thestar.com.my/business/business-news/2020/08/24/petchem-lg-chem-to-build-nitrile-butadiene-latex-plant
24/08/2020 4:19 PM
AnaiAnai Expanding again? New plant need how many years to complete? 3 yrs or more? more Capex than mean lesser dividend payout in the future with profit margin squeezed. better wait for lower price if you want buy and keep for longer term. more discount coming as no fund willing to buy except ASB?
24/08/2020 4:35 PM
AnaiAnai closed 5.95. down 20sen. 4x of 5sen dividend. worth to keep and wait for dividend?
24/08/2020 4:53 PM
izoklse Huraiii PETRONAS Chemical going for Gloves

PETALING JAYA: PETRONAS Chemicals Group Bhd (PetChem) and LG Chem will venture into the rubber glove industry and have inked an agreement to build a nitrile butadiene latex (NBL) manufacturing plant at Pengerang Integrated Complex (PIC) in Johor.

PetChem said in a press release that this facility will further help strengthen Malaysia’s position as the largest exporter of rubber gloves globally.

“Construction of the plant will begin in 2021 while production is scheduled to start in 2023. When completed, the plant will have an annual NBL production capacity of 200,000 tons, ” it said.
25/08/2020 5:26 PM
AnaiAnai red again. drop 15sen another 3x of 5sen dividend payout. now already drop 35sen 7x of dividend payout. See worth or not keep for the 5sen dividend?
26/08/2020 9:25 AM
financesharinghomie keep dropping, not worth keeping till dividend, u lose more than gain
26/08/2020 9:34 AM
financesharinghomie their "gloves" venture will only start production in 2023... u wait until neck long long also havent start make profit.
perhaps the gloves craze will very much be over by 2022 at most.
26/08/2020 9:35 AM
blood7 loves kavalan solist hi all, i have sold my Petchem long ago, so not here not ask people buy or sell or recommend anything... just want to highlight my observation on the article below... that is :-

PetChem as the biggest petrochemical company cannot produce and manufacture nitrile butadiene alone by itself? no money? no expertise? or not competitive?.... i think as investors we need to think about this.... perhaps discuss with Philip and seek his view? i think some people followed him to invest this counter....

on the other matter, looks like LG Chem is very good..... PetChem wants to work with them; they are the world's biggest EV battery producer and Tesla buys tonnes of batteries from them, i did recommend him LG Chem over Petchem before.... but anyway no point lah since it's not listed here we can't buy it here and also their share price already shoot up to the moon......


Posted by izoklse > Aug 25, 2020 5:26 PM | Report Abuse

Huraiii PETRONAS Chemical going for Gloves

PETALING JAYA: PETRONAS Chemicals Group Bhd (PetChem) and LG Chem will venture into the rubber glove industry and have inked an agreement to build a nitrile butadiene latex (NBL) manufacturing plant at Pengerang Integrated Complex (PIC) in Johor.

PetChem said in a press release that this facility will further help strengthen Malaysia’s position as the largest exporter of rubber gloves globally.

“Construction of the plant will begin in 2021 while production is scheduled to start in 2023. When completed, the plant will have an annual NBL production capacity of 200,000 tons, ” it said.
26/08/2020 2:03 PM
Choivo Capital Waiting for my RM5.5 to buy.
26/08/2020 2:04 PM
Choivo Capital hoho my price coming liao
28/08/2020 12:33 PM
Titan Even if their glove venture production can start tomorrow, it doesn't mean it is a good news to petchem. Check TG presentation report. Their raw material is almost the lowest in a decade. Same goes with plastic packaging company. That is why all plastic packaging company has return to profit. Not because the demand or sales increase. Revenue remain almost the same or may +10% but all of them reported profit due to cheap raw material. Hope by 2023, the chemical price gone up la. Anyway, i still park at 4.99.........hehe
28/08/2020 4:19 PM
AnaiAnai drop another 25sen. 5x of 5sen dividend. total 60sen already that is 12x of dividend payout. penny wise pound foolish.
28/08/2020 4:30 PM
investortrader88 done top up RM 5.49.good luck guys
28/08/2020 4:56 PM
genghis wow,who shot the sheriff..
28/08/2020 5:03 PM
tkl88 Wow, Amazing !
Oil price continue to spike up !
Brent=> $45.87 ‪(+0.27) (+0.59 percent) !‬
29/08/2020 8:01 AM
Mabel Now more motivation to hold PChem tighter..

Meow
30/08/2020 1:49 PM
Equityengineer buy in batches
01/09/2020 9:35 AM
oks911 RIP pchem....
01/09/2020 9:48 AM
financesharinghomie PCHEM is going below 5.00..
Seems like the market believes PCHEM is worth only 4.xx
Dont think this stock can perform at least for the next 6 months.
01/09/2020 9:59 AM
Equityengineer Dont think need 6 months, maybe 3 months should be ok, i will just collect in batches.
01/09/2020 10:19 AM
apalumau what was its IPO price? TQ....
01/09/2020 10:35 AM
hng33 Brent crude oil recovery will spur up petrochemical recovery from better profit margin forward.
01/09/2020 10:42 AM
Choivo Capital topped up abit.
01/09/2020 11:04 AM
Henry8833 At current price, it is worth investing. Bought some today. I think foreign funds have been selling lately and supported by local funds and some retail investors
01/09/2020 2:00 PM
ivan9511 Seem good to enter . Another good company can try see prtgas . Osk. Gasm malakof .mnrb . Cbip.ioic.
Ioip trop tenaga mbsb zhulian . Those companies are good.
Osk is my favourite now because too cheap
01/09/2020 7:06 PM
Nepo Falling knife..don't catch..
01/09/2020 10:45 PM
hng33 Pchemcial is good proxy for Petronas, benefited from recovery in crude oil. Strong balance sheet with net cash position + dividend policy 55% offer limited downside risk.
02/09/2020 10:19 AM
financesharinghomie bought some at 5.50, but i think it will still fall until year end.
maybe can average down if it reaches below 5
02/09/2020 4:38 PM
Fabien "The Efficient Capital Allocater" PCHEM is my largest holding. One for the long term, easily looking at 10 years down the road.

If it drops more, won't hesitate to add further.

Buy when no one wants it.
03/09/2020 9:03 PM
Jeffreyteck Mof... petronas profit is dependent on oil price.... like that everyone can be the ceo and bod? Lol
07/09/2020 8:48 AM
Mabel Today all sectors are down...

All having a period like me :(

Soon when my period subside all of them will turn GREEN..all of them

Meow Meow Meow
10/09/2020 12:04 AM
Nepo I have no counter that make me willing to top up.

How how..too baddddddd!
12/09/2020 12:17 PM

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