This article is mainly for PLEASURE reading purposes. This is not a buy call or sell call. Please engaged with your dealer or remisier before you make any decision.

What is the theme of the market heading? Chemical stocks start to boost up again. Why? The answer is who will be the next target of Petrochem acquisition plan?

Please read at link below:

https://www.thestar.com.my/business/business-news/2018/08/22/petchem-eyes-acquisitions-to-boost-specialty-business/

The nearest competitor what I can think of is CCM, LCTITAN, KGB, LUXCHEM etc. Please add on below if I miss out any.

We will talk about CCM since it has moved and become of the top gainers despite weak market.

Do you notice that that is a similarity on CCM against Petrochem? Both eyeing for Pengerang Project in JB, do read again the link below.

http://www.theedgemarkets.com/article/ccm-irons-out-expansion-issues-degearing-nears-completion

“The projection does not include future demand. For example, at least another 100,000MT is expected when Petroliam Nasional Bhd’s (Petronas) US$16 billion Refinery and Petrochemical Integrated Development (RAPID) project in Pengerang, South Johor, is completed by 2019.

The RAPID project is part of Petronas’ US$27 billion, 6,242-acre Pengerang Integrated Complex designed to refine up to 300,000 barrels a day when it is fully up and running.

CCM is one of only two local manufacturers of caustic soda and chlorine with market shares of 26% and 36% respectively.”

Let’s see how high can go CCM…stay tune...