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Overview
Financial Highlight
HeadlinesBusiness Background Petronas Chemicals Group Bhd manufactures and sells a variety of petrochemicals. The firm organizes itself into two segments based on product type: Olefins & Derivatives and Fertilizers & Methanol. The Olefins & Derivatives segment, which generates the majority of revenue, sells chemicals used in the production of acrylic acids, antifreeze, printing ink, dyes, gas treating solvents, personal care products, and plastics used in packaging films, wires, cables, and ducting. The Fertilizers & Methanol segment sells chemicals used in gasoline additives, plastic resins, ammonia, and fertilizers. The majority of revenue comes from Malaysia, China, and Indonesia.
  kelvin_ik4u Confirm, global petrochemical supply shortage, expected PCHEM earning will improve in coming Qtr result. The only issue is, PCHEM valuation is expensive, so better do your own justification. https://asia.nikkei.com/Business/Companies/Supply-shortage-seen-boosting-Petronas-Chemicals-earnings 04/04/2018 15:22 risenfall pchem price seems to be more defensive compare to lctitan...depends on which type of investor both can be good. 10/04/2018 13:50 gooman Kesm is a good buy. 20% upside potential, its outlook is very good. Best semiconductor stock 17/04/2018 14:14 Frederick Foo David Ng, deputy managing director and chief investment officer at Affin Hwang Asset Management Bhd, says the firm is taking positions in cyclical sectors that are expected to benefit from global economic growth. “We like dividend growth stocks, not so much dividend income ones. We have reduced our exposure to pure dividend stocks such as REITs. These are companies that pay dividends, but their growth is not as strong [right now]. We like companies that pay good dividends and also have strong growth going forward.” Like Duhra, Ng favours cyclical sectors such as energy and financial. He says the fund house has a big position in China and Hong Kong banking stocks. The stocks are undervalued as investors have been sceptical about the numbers provided by Chinese banks and the government. They have also been worried about China’s economy, which has a very high level of government and corporate debt. “Everyone was sceptical. The price-to-book ratio was 0.6 to 0.7 times when we bought into these stocks. But things have turned more positive as the Chinese government’s supply-side reforms are working. The banks’ non-performing loans (NPLs) are reducing, albeit gradually, and asset quality has improved,” says Ng. In Malaysia, he favours banking stocks and large-cap oil and gas counters. “This is on the back of the oil price recovery. We like big names such as Petronas Chemicals Group Bhd, Petronas Dagangan Bhd and Dialog Group Bhd.” 19/04/2018 16:57 Frederick Foo https://www.theedgemarkets.com/article/cover-story-what-synchronised-rate-hikes-mean-investors 19/04/2018 16:57 ivy88_ Good info to know the petrochemical market trend share from recent Lctitan's AGM 2017. Big opportunity and potential to consider buy LCTITAN share .. https://klse.i3investor.com/blogs/LCTITAN_2017AGM/155045.jsp 26/04/2018 11:06 relaks http://www.freemalaysiatoday.com/category/nation/2018/06/04/petronas-seeks-court-declaration-on-ownership-of-petroleum-resources/ 05/06/2018 01:44 relaks https://www.straitstimes.com/asia/se-asia/malaysias-national-oil-company-files-for-declaration-it-owns-all-oil-including-in 05/06/2018 01:45 SamuelLuke ONG 商务部公告2018年第50号 关于原产于美国、沙特阿拉伯、马来西亚和泰国的进口乙醇胺反倾销调查初步裁定的公告 【大 中 小】【 纠错】文章来源：商务部贸易救济调查局 2018-06-16 07:00 文章类型：原创 内容分类 ：政策 【发布单位】中华人民共和国商务部 【发布文号】公告2018年第50号 【发布日期】2018-6-16 根据《中华人民共和国反倾销条例》（以下称《反倾销条例》）的规定，2017年10月30日，商务部（以下称调查机关）发布2017年第67号公告，决定对原产于美国、沙特阿拉伯、马来西亚和泰国的进口乙醇胺（即被调查产品）进行反倾销调查。 调查机关对被调查产品是否存在倾销和倾销幅度、被调查产品是否对国内乙醇胺产业造成损害及损害程度以及倾销与损害之间的因果关系进行了调查。根据调查结果和《反倾销条例》第二十四条的规定，调查机关作出初步裁定（见附件）。现就有关事项公告如下： 一、初步裁定 调查机关初步认定，原产于美国、沙特阿拉伯、马来西亚和泰国的进口乙醇胺存在倾销，国内乙醇胺产业受到实质损害，而且倾销与实质损害之间存在因果关系。 二、征收保证金 根据《反倾销条例》第二十八条和第二十九条的规定，调查机关决定采用保证金形式实施临时反倾销措施。自2018年6月23日起，进口经营者在进口被调查产品时，应依据本初裁决定所确定的各公司的保证金比率向中华人民共和国海关提供相应的保证金。 被调查产品的具体描述如下： 调查范围：原产于美国、沙特阿拉伯、马来西亚和泰国的进口乙醇胺。 被调查产品名称：乙醇胺（包括：一乙醇胺、二乙醇胺、三乙醇胺），英文名称为Ethanolamines，简称EA。 一乙醇胺，又称：单乙醇胺、2-氨基乙醇、2-羟基乙胺 英文名称：Monoethanolamine, 2-Aminoethanol, 2-Aminoethyl alcoho （简称：MEA） 化学分子式：H2NCH2CH2OH 结构式： 20180616065947725.png 二乙醇胺，又称： 2,2'-二羟基二乙胺、2,2'-亚氨基二乙醇 英文名称：Diethanolamine,2, 2'-Dihydroxydiethylamine, 2,2'-Iminodiethanol （简称：DEA） 化学分子式：HN（CH2CH2OH）2 结构式： 20180616070019083.png 三乙醇胺，又称：三(2-羟乙基)胺、三羟基三乙胺 英文名称：Triethanolamine, Tris(2-Hydroxyethyl) amine, Trihydroxytriethylamine（简称：TEA） 化学分子式：(HOC2H4)3N 结构式： 20180616070031605.png 物理化学特性：乙醇胺是一乙醇胺、二乙醇胺和三乙醇胺的总称，通常由环氧乙烷和液氨反应制得，是一种同时具有胺和醇的部分共同化学特征的醇胺类有机化合物。乙醇胺外观通常为无色至淡黄色透明液体，在溶点以下为无色至淡黄色固体，略带胺味，具有吸湿性，可溶于水、乙醇等，微溶于苯、乙醚等。 主要用途：乙醇胺主要用于生产表面活性剂、农药及医药中间体、日用化工品及个人卫生用品。乙醇胺也作为原材料用以制作乳化剂、荧光增白剂VBL、炼油（酸性）气体处理剂、水泥助磨剂、切削液、减水剂、工业防冻液、石油添加剂、皮革软化剂、润滑油抗腐蚀剂、防积炭添加剂等，广泛应用于工业清洗、气体净化、农药及医药、日用化工、纺织印染、建筑建材、金属加工等行业。 该产品归在《中华人民共和国进出口税则》：29221100、29221200和29221310项下（2017年起29221310调整为29221500）。本次调查的产品范围不包括29221100项下的单乙醇胺盐和29221200项下的二乙醇胺盐。 对各公司征收的保证金比率如下： 美国的公司： 1.陶氏化学公司 75.3% （The Dow Chemical Company） 2.英力士美国公司 97.3% （INEOS Americas LLC） 3.亨斯迈石化有限公司 97.3% （Huntsman Petrochemical LLC） 4.其他美国公司（All Others） 97.3% 沙特阿拉伯的公司： 1.沙特基础工业公司 11.7% （Saudi Basic Industries Corporation） 2.其他沙特阿拉伯公司（All Others） 18.7% 马来西亚的公司： 1.国油石化衍生公司 18.3% （PETRONAS CHEMICALS DERIVATIVES SDN BHD） 2.其他马来西亚公司（All Others） 20.3% 泰国的公司: 1.TOC乙二醇有限公司 37.6% （TOC GLYCOL COMPANY LIMITED） 2.其他泰国公司（All Others） 37.6% 三、征收保证金的方法 自2018年6月23日起，进口经营者在进口原产于美国、沙特阿拉伯、马来西亚和泰国的进口乙醇胺时，应依据本初裁决定所确定的各公司的倾销幅度向中华人民共和国海关提供相应的保证金。保证金以海关审定的完税价格从价计征，计算公式为：保证金金额=（海关审定的完税价格×保证金征收比率）×（1+进口环节增值税税率）。 四、评论 各利害关系方在本公告发布之日起10天内，可向调查机关提交书面评论意见。 18/06/2018 09:21  mamatede Good ! ... ..... I'm only waiting for RAPID to start... Huge price boosting to its bottom line.. Top up more for anak cucu cicit 01/08/2018 00:00 dompeilee 2018 AGM : https://www.youtube.com/watch?v=M3M-GbG3LOw https://www.youtube.com/watch?v=H-I5YAGDNsI 04/08/2018 09:50 mamatede is not unpredictable. Huge boost to bottomline soon with RAPID . Lower risk due to JV with Aramco. 20/08/2018 12:13 Mustovoi The only Petronas group below 10...wat waiting for ...15 in 3yrs time is possible 21/08/2018 14:00 mamatede hahaha was discussing and predicting this type of expansion and people don't believe. only through this article than people aware of pchem ambition. come on la .. 21/08/2018 18:54 Mustovoi Was holding pgas from 6 to 12 few years back, now close to 20 Will Pchem follow the same track? Hopefully so... Go Pchem go...!!! 22/08/2018 22:22 dompeilee I was impressed by AGM presentation: https://www.youtube.com/watch?v=H-I5YAGDNsI So I held on despite my cost being only 5.15 since 2015 & now....I'm sitting on a huge % gain =) 10/09/2018 08:26 apolloang yeah huge % gain but how many lots u have,i think the most is 1,000 shares 10/09/2018 09:22 apolloang u better tell us u bought nestle at 8.00 and hold till now from 1989 till now.....hahaha 10/09/2018 09:24 mamatede Their RAPID commissioning that will be the exciting part in the next 5 years. With that easily the share price is worth RM12-15 18/09/2018 15:15 mamatede You can easily calculate your own what.. say Rapid has how many packages, get potential earnings from each packages and their profit margin from similar industries in the market... then divide 2 profit due to JV with Aramco then can roughly calculate price TP, with the average PE for major player Petronas in Malaysia. You dont need the peeps in Kenanga, CIMB and those to write their white paper. 09/10/2018 11:55  |
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