|
| |
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.
  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 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 tkl88 Wow, Amazing ! Oil price continue to spike up ! Brent=> $45.87 (+0.27) (+0.59 percent) ! 29/08/2020 8:01 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 hng33 Brent crude oil recovery will spur up petrochemical recovery from better profit margin forward. 01/09/2020 10:42 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 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 aezrin aduuh... i thought just a short stint yesterday so i sold this morning. Oh well at least i dint sell at lost 06/10/2020 10:07 AM Mabel Oil and Gas Prices The U.S. Energy Information Administration (EIA) provides an outlook on oil and gas prices from 2020 to 2050. It predicts crude oil prices will average $44 a barrel in the fourth quarter of 2020 and $49/b in 2021 for Brent Meow 06/10/2020 7:03 PM Mabel Oil prices are on course to climb 10 percent this week as Hurricane Delta shuts in over 90 percent of production in the Gulf of Mexico, leading some analysts to claim prices are set for a breakout. Brent is now on target -USD 43.33 Meow 10/10/2020 11:31 AM  Choivo Capital I do wonder why pchem is not increasing as well, give that is a great business, and should post much better numbers this Q due to higher plastic prices. 19/10/2020 10:07 AM Devilsadvocatee @Choivo It has gone up a little recently but unfortunately, Pengerang IC which will utilize Naphtha feedstock is not ready atm.. Natural Gas might not have the wide price spread as Naphtha -> PE/PP? 19/10/2020 12:52 PM Choivo Capital they signed the natural gas contract a long time ago, and its fixed at a low price. So it should be pretty good also. 20/10/2020 5:40 PM  | |
