Highlights
KLSE: PCHEM (5183)       PETRONAS CHEMICALS GROUP BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
9.03   -0.02 (0.22%)  9.00 - 9.10  5,071,000
Analyze this stock with MQ Trader system

Overview

Market Cap: 72,240 Million
NOSH: 8,000 Million
Avg Volume (4 weeks):7,089,264
4 Weeks Range:8.23 - 9.21
4 Weeks Price Volatility (%):
81.63%
52 Weeks Range:7.86 - 10.20
52 Weeks Price Volatility (%):
50.00%
Average Price Target: 10.03
Price Target Upside/Downside: +1.00

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2018 [#3]  |  16-Nov-2018
Next QR | Est. Ann. Date: 31-Dec-2018  |  20-Feb-2019
T4Q P/E | EY: 15.37  |  6.50%
T4Q DY | Payout %: 3.21%  |  49.37%
T4Q NAPS | P/NAPS: 3.66  |  2.47
T4Q NP Margin | ROE: 24.97%  |  16.05%

Headlines

Date Subject
20-Feb-2019 上升股:国油石化阻力RM9.23
14-Feb-2019 HOW CALVIN TAN CHUN CHUN CALL CONVINCED ME TO SELL PUBLIC BANK FOR SECRET STOCK - this thread will be locked for replies due to STOCKRAIDER pollution.
11-Feb-2019 Petronas Chemical Group Berhad Analysis
01-Feb-2019 热门股:国油石化上挑RM8.57
15-Jan-2019 下跌股:国油石化RM8支撑
10-Jan-2019 [转贴] [PETRONAS CHEMICALS GROUP BHD:继续其卓越运营计划及供应商关系管理,以维持高于行业基准的工厂利用率水平,化肥和甲醇业务将在转变以及来自更下游行业的健康需求后恢复供应,从而稳定下来] - James的股票投资James Share Investing
10-Jan-2019 下跌股:国油石化RM8.15支撑
28-Dec-2018 热门股:国油石化上挑RM9.53
24-Dec-2018 Technical View - Petronas Chemicals (PCHEM, 5183)
21-Dec-2018 [转贴] [Facebook live:浅谈Petronas Chemicals group bhd (PChem)] - James的股票投资James Share Investing
18-Dec-2018 热门股:国油石化上挑RM9.30
17-Dec-2018 Mplus Market Pulse - 17 Dec 2018
17-Dec-2018 PublicInvest Research Headlines - 17 Dec 2018
14-Dec-2018 Petronas Chemicals Group - Solid Volume Growth Play in FY20
13-Dec-2018 Malaysia Strategy – 3Q18 Results Wrap
13-Dec-2018 Oil & Gas - Calmer Environment Should Drive Up Oil Prices
22-Nov-2018 国油石化 均价看好走高
20-Nov-2018 Petronas Chemicals – Outshining Its Peers
19-Nov-2018 Petronas Chemical - 3Q18: Strong ASP Rebound Lifted Earnings
19-Nov-2018 Petronas Chemicals - Moderating O&D ahead

Business 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.
Trade this stock for as low as 0.05% brokerage. Find out more.

  7 people like this.
 
risktransformer Hahaha.... "sell it and buy what?" U r so wealthy.... u should b able to buy high grade bonds or go into forex & landed properties.
19/02/2019 17:39
(S = Qr) Philip I "invested" in forex in the 90's, never again. Zero sum games are stupid. Malaysia almost went bankrupt betting against George Soros in '97. I almost did too.

Landed properties I only need 1 to live in. Buying more is just greedy and denying another family a roof over their heads. Housing speculation is unnecessary, and selling, maintaining and servicing a house is very irritating for an old man like me.

Name me one high grade bond that performed better than PCHEM, QL and TOPGLOV since 2010. With the share splits and dividend yield. I'd look into it.

The best investment I think it's still equities. Question is what equity has lower risk ( compared to bonds) and better growth opportunities...
19/02/2019 18:14
3iii >>>
Posted by risktransformer > Feb 19, 2019 05:39 PM | Report Abuse

Hahaha.... "sell it and buy what?" U r so wealthy.... u should b able to buy high grade bonds or go into forex & landed properties.
>>>


Philip is the smartest investor I have encountered today in my decade long participation in online forums.

He knows exactly where his money should be invested.

Too many rich people riding Mercedes or other high hand cars, sadly receive poor advice from those comong to work by other means.

Equity is the BEST investment for those who know how to.

Equity is also the WORST investment for those who do not know how to invest in this asset.
19/02/2019 18:25
risktransformer Fully agree with u 3iii. Nothing more to add or subtract to your comment.
19/02/2019 18:51
investor505 https://www.theedgemarkets.com/article/morgan-stanley-upgrades-petronas-chemicals-overweight
19/02/2019 19:54
pputeh I find this blog very educational and pleasing to read. Not the other blog where there was so much biting and criticism of the other party. We are here to learn and invest our hard earned money. Hope everyone here will share their ideas and thoughts. looking forward to my div and maybe some reinvestment/top up too as time goes by
19/02/2019 20:17
(S = Qr) Philip I would love to have adult discussion, but one "party" keeps assuming I have a bone to pick with him. At least in official page, if he comments too far, call all report for abuse and remove his posts.
19/02/2019 21:45
risktransformer I would love to continue my discussion with Philip bcoz I can learn more from him.... but I sense there r people here who only like to hear things that support their position & don't welcome other point of views. So, I'll just wait for the market to unfold itself & see what happens later.
19/02/2019 23:03
mamatede wah champion. Even with this type of hike in price, i'm still holding on to my shares. This is long term man, another PB Bank stock in the making.
20/02/2019 09:12
kingb Wow. Shooting up again.
20/02/2019 09:24
qqq3 Posted by qqq3 > Feb 19, 2019 10:36 AM | Report Abuse X

woah, Philips starts a bull run in PChem..................$ 73 billion company some more.
20/02/2019 10:46
Fabien Extraordinaire Phillip, i bet you have done your comparison between PCHEM and LCTITAN of which you choose the former. Mind to shed some light on your choice?
20/02/2019 11:24
teoct risktransformer - you said that concentration on one or few stocks increases risk. I would say that depend. If the investor (in this case Philip) had research inside out this PCHEM and understand what products it make, how it is priced, the potential substitute to these products, raw material cost and the many buyers, etc and of course the moat, then I would say the risk is actually low.

EPF selling, I did said it could be to raise fund to pay the dividend. But indeed EPF is cash rich from all the collection / contribution from its members. Another dimension is the fund managers employed by EPF decided that they had reached their target (price) and therefore cashing out. I do not think it is EPF per se requesting to sell. Equally, EPF might have given instruction to the fund managers to diversify out of oil, oil products (much like the Norwegian fund). For this, maybe EPF annual report might gives some clue. But I think this is speculation and EPF selling per se need not be construed as something bad.

Global economy downturn - yes, this appear to be coming. But heck, every counters is going to be hit, not only PCHEM. So if the research is done well and this is a good company, then buy and average down when the downturn come.

Another simple way to look at this is - PCHEM had invested billions and Saudi had decided to buy-in, now they must have very good reasons to do so. Philip investment of a few millions pale to the billions already dumped in by PCHEM and Saudi. So PCHEM and Saudi has more to worry if this investment did not turn out the way it should be. Nonetheless, these people invest for the long terms - 20 over years, not short or medium terms.

Finally, the world population at this current moment in time and the decades to come will not whine themselves from the many products made from oil (except the plastic straws, maybe).

Just my 2 sens worth of thoughts.

Happy investing.
20/02/2019 15:47
teoct Philip, as leading indicators show that (global) growth is reducing (Germany just missed going into recession), there is suggestion that bond should form some of ones investment. I had a look here and there and there is this AEONCr perpetuity bond paying about 6.4%. If one gets in now and the global economy slowed to a recession, then all if not most central bank will cut interest rate, there will be a rush to buy bond.

There will be capital appreciation as well as coupon payment (if one keep for at least 6 months and 12 months).

I agree with you - one house is more than enough. But I would go further - the country should legislate that each individual could only own one landed house (with 6 months grace to sell the other house if one upgrade or whatever). One can own more condo or commercial properties.

Happy investing.
20/02/2019 16:00
teoct Sorry I meant to say wean and not whine. My bad.
20/02/2019 16:04
Greyhound wow nice, thanks for the info
20/02/2019 16:07
(S = Qr) Philip Hi teoct, to be honest, my belief is a government that governs least, governs best. It is up to others to decide if their margin of safety is in owning many homes opposed to bonds or equities. I would not like to force people into telling them what they can or cannot buy.

I think those who know their investments best whether homes, shares or bonds should stick to it. I wouldn't want the government telling me that I can only buy shariah compliant stocks, just as I wouldn't want government to tell me what kind of house I can own.

AEON perpetuity bond sounds good. I'll look into it.

Thanks!
20/02/2019 20:15
(S = Qr) Philip Hi Fabien,

To be honest I haven't looked at LCTITAN closely ever since I saw that their IPO was priced too high. I usually wait for companies to perform for a few years to get more clarity on their business strategy, advantages and growth prospects.

I did drive by their plant in pasir gudang, I thought that their space was limited and not so easy to grow in size and efficiency. Their plant turnover for maintenance was a bit slow for the size, and I felt their feedstock source would have difficulty in hedging and planning prices properly.

Other than that your guess is as good as mine. I don't even know who their end customers are ( Korea local?) So I wouldn't know much.

Sometimes I wish all annual reports are written similar to Berkshire, less pretty pictures and filler info, more info on what they have done to the business, the thought process behind it, the challenges they are facing and what they are doing about it. More pertinent information I guess. You basically have to start everything in reverse i.e. from the major shareholders, notes on the financial statements and backward to analyze properly what it going on...

>>>
Phillip, i bet you have done your comparison between PCHEM and LCTITAN of which you choose the former. Mind to shed some light on your choice?
20/02/2019 21:38
teoct Morning Philip, I fully agree with the dictum a government that governs least, governs best to a certain extend.

However, the proposal was only on the number (one) of landed houses one is allowed to purchase not where, the type, etc.

Trust this clarify.
21/02/2019 09:02
risktransformer teoct, your proposal of only 1 landed property ownership sounded like PH government's manifesto or China & S'pore's 1 child policy (more than a decade ago). If it were to go to the extreme (plenty of extremist in Malaysia).... it may turn into former Zimbabwe president Robert Mugabi's government's legislation of robbing rich landlords of their vast land ownership and dividing the land (plantations & factories) among their local poor people for them to own at least 1 property & to manage the plantations & factories.... look what happened to Zimbabwe now.
21/02/2019 10:23
leno haa .... see .... after everi one listen to leno the WISE cat
this forum become so peaceful again.
Congratulation.

We are all car sellers here. We are all salesman.
As long as we keep our selling inside our territories, we are fine until ...
some c2peed dam dam come in try to tok down our car, and try to sell his car in our shop.
Everi one are welcome to our shop .. no doubt. They can ask and discuss.

But asking and discussing is not the same as TROLLING.
Trollers are LOSER. They lose money, they become jealous, and angry.. so, they throll other ppl to make other ppl angry at them so that they can feel happi. GILA !

And Beware ! Leno got internal message that some ppl from OTHER forum try to kacau-kacau here, because their own forum is DYING liaw. They jealous of our forum. Don't fall into their trap.

Lastly, leno WISH everi i3 members ALL THE BEST in whatever u all BUY, HOLD or SELL.
CHIAYOK !! HUATTTTTTTTTT AAAAAAAAAAAAAAAAAAAA !!!
21/02/2019 11:01
leno https://klse.i3investor.com/blogs/WTF/59456.jsp
21/02/2019 11:07
Choivo Capital For malaysia, Opensys is pretty good in their FS writing.

The company owned by Tong Ooi Kong, listed in SGX. Is pretty good as well. No surprises, with Tong being such a big buffett fan.

===
Posted by (S = Qr) Philip > Feb 20, 2019 09:38 PM | Report Abuse

Hi Fabien,

To be honest I haven't looked at LCTITAN closely ever since I saw that their IPO was priced too high. I usually wait for companies to perform for a few years to get more clarity on their business strategy, advantages and growth prospects.

I did drive by their plant in pasir gudang, I thought that their space was limited and not so easy to grow in size and efficiency. Their plant turnover for maintenance was a bit slow for the size, and I felt their feedstock source would have difficulty in hedging and planning prices properly.

Other than that your guess is as good as mine. I don't even know who their end customers are ( Korea local?) So I wouldn't know much.

Sometimes I wish all annual reports are written similar to Berkshire, less pretty pictures and filler info, more info on what they have done to the business, the thought process behind it, the challenges they are facing and what they are doing about it. More pertinent information I guess. You basically have to start everything in reverse i.e. from the major shareholders, notes on the financial statements and backward to analyze properly what it going on...

>>>
Phillip, i bet you have done your comparison between PCHEM and LCTITAN of which you choose the former. Mind to shed some light on your choice?
21/02/2019 11:13
Choivo Capital Just remembered the company name, Avarga. Paper packaging, myanmar powerplant and Building materials co in canada.

They paid like 4x EV/EBITDA for the canadian building material co, one of the biggest in that country.
21/02/2019 11:17
(S = Qr) Philip Jon! Can you share your rm5000 appreciable report on your PETRONM and why it has a spectacular crash today? I'm really interested in learning why refining is not it's main money maker.
21/02/2019 17:45
kingb When qtr report out?
21/02/2019 18:06
(S = Qr) Philip When it comes out.
21/02/2019 19:02
leno HOLY SHEEEET !!
Lucky leno did not BUY this SHEEET !!
EPF is DISPOSING like CRAZY !! GILA !!
BOH CHOW CCCCCCCCCCCCCCCCC AAAAAAAAAAAAAAAAAA!!
22/02/2019 09:26
risktransformer Yes, EPF still continue disposing a few million shares every other day.... boh chow cccc aaaa!
22/02/2019 10:46
mamatede I pray EPF will dispose more eh...amen
22/02/2019 12:12
risktransformer Hehehe.... hope your prayer get answered; can buy after the price fall lower.
22/02/2019 12:56
leno Yup ... let's pray together and hope the price will fall lower and lower ... and lower .... and lower.
22/02/2019 13:00
lene Leno, the worst paid commentor, in addition of calvintaneng,

IS BORN.
22/02/2019 13:02
KLCI Going Heaven sold all my insas, waiting to buy into pchem
22/02/2019 13:05
leno hi lene the dog ... i am leno the cat.
MUAHAHAHAHAH .... u also come here to sheet arr ?
Welcome ... welcome.
22/02/2019 13:05
leno KLCI ... u just got your self a one way ticket into sheet hole.
MUAHAHAHAHAHAHA ... wish u all the best.
22/02/2019 13:07
leno lene doggie ... say something lar ..
or u can try to bark also can ...
u got buy perisai or not ?
22/02/2019 13:32
leno lene doggie ... why so shy ?
got buy cipetchem or not ?
22/02/2019 14:43
leno WALAU eh ... 4 days ago .. EPF disposed 2 million shares = RM 18 millions ringgit.
WHy ? Must be very BAD earning starting this year.
22/02/2019 14:48
leno With so high PE ... and EPF disposing non-stop. i think it is a good time to take profit and run lor. Later drop like no tomolo ... wan to run also very bad.
22/02/2019 14:52
leno dun worri ... leno has made this counter as leno home liaw.
Leno always stick with ONE counter for many many months one.
Everyone are welcome here especially those who like to user multiple username, use leno name, to confuse ppl. Leno found it interesting that these fellow, suddenly refuse to come here to entertain leno. Conclusion is obvious lor. He is from the SAME gang. Now, leno is in his gang territory, that's why don't dare to bark woff woff here. Onli dare to go to other place and tok kok. COme lar ... let's tok kok here. EPF disposing let no tomolo .... why lar ? Must be veri good counter right ? MUAHAHAHAHAHAHAHAH ...
22/02/2019 14:58
leno net asset RM 3 ... selling at RM 9 .... MUAHAHAHAHAHAH
no wonder epf selling like no tomolo ... no ?
22/02/2019 15:02
leno haahahahaha ... lene doggie ... where are u hiding ?
leno give u advise ... must buy wonderfool company at wonderfool price.
Now, nta rm 3 ... selling rm 9 ... so wonderFOOL price ....
muahahahahahahahah
22/02/2019 16:20
RainT aiyo

EPF dispose and buy , not sure what is the reason one la

they like to sell sell buy buy ...u see other company also same pattern for EPF own one
22/02/2019 17:53
RainT now PCHEM share price above RM9

still can buy meh ?

already up a lot already ...still can up how far ?

anybody have target price (proper TP , not pluck from the sky)
22/02/2019 17:54
RainT good forum here

many sifus share good and valuable insight

compare with other forum which discuss shit and rubbish

PCHEM forum is very good , please keep on contributing ideas......
22/02/2019 18:55
risktransformer EPF is doing the right thing. When the price of a stock is too high, they will sell it down to a more reasonable price. When EPF sells many different counters at the same time, they r actually doing it to reduce their market risk ahead of ..... whatever u want to call it ---> recession or market crash, etc. No need to agree with me.... stick to your own strategy is the best (unless u r beginning to doubt your own strategy).
22/02/2019 20:41
KLCI Going Heaven my TP valued at RM 12 very conservative estimate, not accounting for the Pengerang Plant operation
22/02/2019 20:44
KLCI Going Heaven leno we shall see after 10 years, whether Insas more return or Pchem, then i will know whether i going into sheet hole or escaped from sheet hole haha
22/02/2019 20:45
risktransformer TP must b given with a time frame like within next 3 months or next week, etc. otherwise it is useless. Without a specific time frame, a TP of RM12 will always b correct, e.g. if the price drop to RM8 next week but then slowly rise to RM12 by next year then we can't say that it is wrong when it drop to RM8.
23/02/2019 09:07


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