KLSE: CCM (2879)       CHEMICAL CO OF MALAYSIA BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
1.25   0.00 (0.00%)  0.00 - 0.00  0
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Market Cap: 210 Million
NOSH: 168 Million
Avg Volume (4 weeks):263,515
4 Weeks Range:1.20 - 1.32
4 Weeks Price Volatility (%):
52 Weeks Range:1.20 - 2.19
52 Weeks Price Volatility (%):
Average Price Target: 2.34
Price Target Upside/Downside: +1.09
Stamp duty exempted for year 2020

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2019 [#3]  |  20-Nov-2019
Next QR | Est. Ann. Date: 31-Dec-2019  |  22-Feb-2020
T4Q P/E | EY: 10.15  |  9.85%
T4Q DY | Payout %: 7.20%  |  73.07%
T4Q NAPS | P/NAPS: 1.86  |  0.67
T4Q NP Margin | ROE: 5.65%  |  6.62%


Date Subject
13-Jan-2020 Oil & Gas - Geopolitics to Drive Volatility in the Near Term
02-Dec-2019 Mplus Market Pulse - 2 Dec 2019
02-Dec-2019 Chemical Company of Malaysia - Building Its Own Cogen Plant
21-Nov-2019 Chemical Company of Malaysia - Is the Worst Over?
17-Oct-2019 Daily technical highlights – (CCM, FPGROUP)
01-Oct-2019 Trading Stocks - Chemical Co. of Malaysia
24-Sep-2019 Stocks on Radar - Chemical Company of Malaysia (2879)
23-Sep-2019 Oil & Gas - Petronas 1H19 Results
23-Sep-2019 Oil & Gas - Petronas 1H19 results
30-Aug-2019 Chemical Company of Malaysia - Capacity Expansion Will Drive Earnings Growth
30-Aug-2019 Chemical Company of Malaysia - Capacity Expansion Will Drive Earnings Growth
29-Aug-2019 Chemical Company of Malaysia - Hit by Low ASP
09-Aug-2019 下跌股:马化工RM1.80支撑
02-Jul-2019 Strategy - Opportunities Amid Uncertainties
21-Jun-2019 Stocks on Radar - Chemical Company of Malaysia (2879)
12-Jun-2019 把握成长领域商机‧马化学2年内推升业务
29-May-2019 PublicInvest Research Headlines - 29 May 2019
29-May-2019 Chemical Company of Malaysia - Slow and steady wins the race
23-May-2019 Chemical Company of Malaysia - Slow and Steady Wins the Race
09-May-2019 Chemical Company of Malaysia - PGW1 Reactivation Is the Real Deal

Business Background

Chemical Co of Malaysia Bhd is a Malaysia based investment holding company. Through its subsidiaries, the firm is primarily engaged in the manufacturing of pharmaceuticals, chemicals, and polymers. The operating segments of the group are Pharmaceuticals, Chemicals, and Polymers. It generates a majority of revenue from the Pharmaceuticals segment, which includes manufacturing and marketing of pharmaceutical and healthcare products. The group operates in Malaysia, Indonesia, Singapore and other countries.
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  3 people like this.
trulyinvest Poor result
13/11/2018 8:08 PM
Malton91 Nice Result. If you look properly at the Quarter Report, the profit on 2018 Q3 is lower than 2017 Q3 is because of the "Profit from discontinued operations, net of tax" on 2017 Q3. Also, the revenue and profit of current quarter is actually growing from the previous quarter. From the report, it can be seen that the management is reducing the expenses and making more revenue. Apart from that, dont forget of the theme of this stock, which is the capability to win job to supply caustic soda to Rapid. Buy CALL
14/11/2018 12:11 AM
Malton91 In Fact, if you remove the "Profit from discontinued operations, net of tax" on 2017 Q3. The y-o-y profit growth rate is actually more than 1000%. Cheer
14/11/2018 12:14 AM
trulyinvest Eps only a few sen. No surprise
14/11/2018 7:09 AM
commonsense Management objectives for this year are to improvement performance of existing businesses (chemical and polymer) and improved the balance sheet of the company via disposal of non core assets. As of 3Q, both of these has actually improved.

I was expecting a higher profit though. Notice that the main reason for the lower profit in 3q was the high tax rate. Rm5mil tax for PBT of rm10mil. Anyone knows why? Another issue is the caustic price which has gone down by a lot.

Still with Rapid next year, outlook remains bright on condition that the caustic price will recover back to usd500/ tonne level.
16/11/2018 6:17 AM
stevenwongg Low volume, no push up
22/11/2018 5:57 PM
stevenwongg What happen to ccm??
30/11/2018 12:02 PM
Dakewlest Bila mau naik...
02/12/2018 6:16 PM
trulyinvest X akan naik, post poor result
02/12/2018 6:51 PM
Dakewlest Next catalyst is rapid ???
04/12/2018 11:42 AM
Dakewlest Second dividend 4 sen.
14/12/2018 10:06 PM
stevenwongg Dropping fast
18/12/2018 4:06 PM
commonsense Hi Dakewlest,

Yes, rapid is the next positive catalyst for the company given that CCM has already a chemical plant located in Pasir Gudang compared to the other big caustic soda player, Malay Sino Industries whose plants are located in Perak and Terengganu. Rapid will need around 100MT of caustic soda for its refinery once it starts operations. This is why management are planning to spend at least RM68mil to increase the Pasir Gudang plant capacity by another 50% which is expected to be completed by mid of next year.

However, you need to take note that the financial performance of the company is still highly dependent on the price of South East Asia caustic soda. Hong Leong analyst are projecting a profit of around RM40mil for the company in FY19. But this projection is still based on a caustic price of USD500/tonne. As of early Dec, South East Asia caustic price has fallen to only USD346/tonne vs more than USD600 a year ago. Until the price rebound back to USD500, it might be a while before CCM will be able to deliver a profit of more than RM40mil to its investors. The caustic price is tracked on a weekly basis which you can check via the Bloomberg Platform.

If you are looking to diversify your portfolio outside of CCM (due to the volatility of the caustic soda price), I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 5.5x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.5x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

For FY19 growth will be driven by the still high demand of new Myvi and the launch of the new SUV in 1Q19 and also the new Alza in 2H19.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. Most analysts have a TP of above RM3 for the company with Hong Leong being the lowest at RM3.13 and Maybank the highest at RM4.18.

Good luck.
23/12/2018 3:05 PM
Dakewlest Commonsense, thank you so much.
26/12/2018 6:05 PM
wai011 Hi commonsense, are you able to provide the link to track caustic soda price from Bloomberg platform? Thanks.
01/01/2019 9:36 AM
Penguin88 I think the financial performance of the company will be affected by the falling caustic soda price. It will take time for the price to rebound to previous high level. Hence, CCM will probably deliver a weaker qoq results for Q4. Also, if you look at 1Q2018, the results was good due to high caustic soda price in 1Q2018. Moving to 1Q2019, there will be a high base comparison.It will be challenging for the company to surpass the 1Q2018 if caustic soda price is not rebounding.
Please be aware of this.
04/01/2019 12:55 PM
Penguin88 Today's slump of glove counter's share price is most probably because of the concerns on glove oversupply. This make me worry on whether CCM's polymer business will be affected moving forward.

According to research report, CCM has direct exposure to glove sector due to its polymer is used in glove manufacturing process. To note, polymer segment account for c.23% of group’s revenues and c.30% of PBT.
08/01/2019 10:36 PM
James Ng https://klse.i3investor.com/blogs/general/189840.jsp
[转贴] [CHEMICAL CO OF MALAYSIA BHD:市场仍然充满竞争性] - James的股票投资James Share Investing
12/01/2019 12:55 PM
Dakewlest Any good news?
22/01/2019 5:08 PM
Penguin88 Is someone manipulating the price? Couldn't understand why the price will keep on increasing given the gloomy outlook in near term.
22/01/2019 5:37 PM
Dakewlest Good quarter result
22/01/2019 5:50 PM
Penguin88 Don't think so..caustic soda price dropped a lot yoy and qoq..based on this i would think 4q results will weak.
22/01/2019 7:07 PM
Jasonlow So fast and efficient already arrested 3 ppl

will charge on morning...............

Luckily, seems like no any listed company involve, is one illegal tyre shop ppl do this ..........

14/03/2019 1:53 AM
Jasonlow https://www.sinchew.com.my/content/2019-03/13/content_2021753.html

Good news , Case Done so fast , no company involve, congraz all ......................
14/03/2019 1:55 AM
yakuza lol but it doesn't help the price go up also
01/04/2019 5:39 PM
kalofarmako Hello everyone
22/08/2019 3:42 PM
kalofarmako It's going up time to buy ! Come on gaiss.

26/08/2019 10:54 AM
kalofarmako Why so quiet here
28/08/2019 10:02 AM
kalofarmako Pharmaniaga’s focus on non-concession ops seen to boost profit

28/08/2019 10:03 AM
kalofarmako Morning!

Something good to read in the morning.

"High time to decide on concession issue"

Read more: https://klse.i3investor.com/blogs/MYpharmaceuticalnews/222426.jsp
30/08/2019 9:09 AM
kalofarmako WOW!!

The positive long-term outlook for Pharmaniaga

Read more: https://klse.i3investor.com/blogs/MYpharmaceuticalnews/223457.jsp
05/09/2019 1:10 PM
kalofarmako DHM explained that Pharmaniaga is only responsible for the logistics of supplying drugs to government health facilities, rather than the supply itself.

Check out here: https://klse.i3investor.com/blogs/MYpharmaceuticalnews/224313.jsp
11/09/2019 10:56 AM
rajachulan I had stopped buying any stock which dealing with gomen... many months ago... after i have seen how gomen play construction sector...

gdluck buying stock dealing with gomen...
11/09/2019 11:00 AM
kalofarmako “The big problem is price control, not Pharmaniaga,” says MyCC

Social activist Lim Mah Hui, one of the conductors of the MyCC study, said Pharmaniaga did not have a monopoly over supply but a virtual monopoly over logistics.

Check out: https://klse.i3investor.com/blogs/MYpharmaceuticalnews/224759.jsp
13/09/2019 9:53 AM
rajachulan no doubt... healthcare and insurance are two industries APAC to grow next few decade... however... if the govt !@#$%^&*()... then !@#$%^&*()
13/09/2019 10:07 AM
kalofarmako The public need to understand that Pharmaniaga's role as a concessionaire and not immediately liken it to a monopoly. Shared some thoughts in this article (https://klse.i3investor.com/blogs/MYpharmaceuticalnews/228733.jsp). Though it could use a bit more context but hope this can get the conversation going.

Source: http://read.focusmalaysia.my/ePaper/xml_epaper/Focus/05_10_2019/pla_1_Standard/xml_arts/art_52429.htm
07/10/2019 4:23 PM
James Ng https://klse.i3investor.com/blogs/general/229775.jsp
[转贴] [CHEMICAL CO OF MALAYSIA BHD:氯碱产品平均销售价格下降导致利润下降,主要产品的平均销售价格比去年同期下降了31%] - James的股票投资James Share Investing
13/10/2019 3:04 PM
kalofarmako Pharmaniaga's services would be extended until the Cabinet decides on the mechanism to manage the open tender.

source link: https://klse.i3investor.com/blogs/MYpharmaceuticalnews/234024.jsp
06/11/2019 2:58 PM
kalofarmako Pharmaniaga Bhd witnessed a 300% spike in orders, largely from hospitals and government clinics after the government announced the firm’s drugs and medical supply concession would end on Nov 30.

Check this out!!! https://klse.i3investor.com/blogs/MYpharmaceuticalnews/234455.jsp
08/11/2019 10:53 AM

Sources Link:https://klse.i3investor.com/blogs/MYpharmaceuticalnews/234829.jsp
11/11/2019 4:43 PM
kalofarmako Check this out!!!

Sources Link:https://klse.i3investor.com/blogs/MYpharmaceuticalnews/234991.jsp
12/11/2019 11:13 AM

Check this out!!!

12/11/2019 5:21 PM
kalofarmako Pharmaniaga Bhd confirms today that it has secured a five-year extension for the provision of logistics and distribution services to the Ministry of Health, to end on Dec 31, 2024.

Check this out:
19/11/2019 11:40 AM
kalofarmako https://klse.i3investor.com/blogs/MYpharmaceuticalnews/238123.jsp

Govt extends Pharmaniaga services for medicines, medical supplies
20/11/2019 12:00 PM
kalofarmako Now that govt is removing concession, its a smart move for Pharmaniaga to focus on diversifying
22/11/2019 11:10 AM
JayC any research article to share on ccm ?
22/11/2019 12:59 PM
kalofarmako https://klse.i3investor.com/blogs/MYpharmaceuticalnews/240245.jsp

26/11/2019 2:42 PM
kalofarmako Pharmaniaga is contributing to non-profit research and development organization Drugs for Neglected Diseases initiative (DNDi) to support the registration of a new treatment for those with hepatitis C in Malaysia.

03/12/2019 9:15 AM
kalofarmako Good news from Pharmaniaga!!!

13/12/2019 2:53 PM
kalofarmako Lets take a look!

31/12/2019 9:33 AM


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