Technical chart looks promising and positive. Based on my last post I still keep my long term positive outlook. Partly reduced sell off on PetChem shares and compared to last week overall bursa fund exit out are also reduced. This could be of support for another couple of week till we know extent in Jan 2025.
Storm has not fully cleared yet as there could be partial volatility ( global outlook ) but I’m optimistic in long run. For short term , we have all gained since last 2 weeks movement.

To all data driven members

There are some changes interest in past week ( positive )
22nd Nov - foreign entity inflow 13mio
EPF making Single high purchase of 2.7mio after past few cycle of disposal ( approx 6mio cumulative )
15th Former period inflow dominated by retailers at 22mio

I benefited partly from the recent rebound with technical chart still showing traction. I’m still in cautious mode however if you guys notice , O&G related stock are coming with positive news since last 2 weeks, with recent surprise from Pet Dagang. Linkage to Velesto let’s see.

I’m still planning long and I could be wrong but traction in oil industry could come in.
Im keen to look into changes in weekly fund from foreign as they were the one going out in bulk ( this behavior is not solely linked to PetChem but across the board in Bursa ). Any sign on trickling interest from the continuously for few week should give some good hints. Kudos to all that are making good moves

Congrats to all data driven folks. Looks like breakout can be expected.

To all data driven members.
On the latest report from Edge - positive outlook looks as below
Net loss RM789mill
Assumed no forex loss : profit estimated RM352mill
Looking into past data from Trading Economics (Pchem Net Income 2010 to 2024 Q3 ) current outlook still looks good. Reason I say this, forex losses are not realised and positive trend in long run ( it will be a slightly long wait ) for this to happen.

For a fear on paper loss vs industry outlook in 10 year horizon, I see it’s unjustified.
I forsee short term risk however long term reward could be expected if a positive reversal occurs.

For coming days / weeks I will still see how foreign / institutions are behaving ( current period still with trickling sell offs). Slight positive ticks are seen on technical charts on RSI, MACD but if this is short lived I don’t know.

For now I’m taking wait and see approach with partial 1/10 standby fund to be added in PetChem.

1DERFUL I don’t access to foreign actions unfortunately. One option to look at MIDF weekly fund flow where you can see amount they sell on weekly level

I have been tracking EPF buying behavior for past years vs now and came to the observation below.
% of unit held lingers around 6% to 9% ( units 500mil to 800mill ) when price are high indicating disposal for profit. For situations were price are low % held around 10% to 11% ( units 800 mill to 900mill ). From Sept 2024 to current EPF has been both disposing and acquiring keeping 943mill unit to 929mill units latest. During this period it has been dump , acquire and dump with amount 800k units to 100k units transacted each time ( smaller amounts are also observed). My conclusion EPF is not heavily disposing for a reason. They are still keeping their stake of 11% with PetChem. Rebound expected ???, could be but will take time maybe. I would also like to concur the crashes for PetChem is always with a comeback. For drops before this, recovery has been proved in 2015, 2019. For 2024 combined issue of global uncertainty and hiccups with Petros. My personal outlook, I’m positive on long run. If I’m wrong I may lose some money, still bearable.
I would closely monitor any possible reversal should active buying starts from the big guys. Look closely in fund flow reports for possible + movement from foreign holders. For last week from them it was negative.

Padini sits in a sweet position where it covers both end of market with Padini & Brands Outlet catering different price point. What I like that they change with time and able to navigate tough times.

@moneyontheway what May happen in future I don’t know. I bought this stock in the past based on the dip knowing it may reach near its former 52week range. Disposing for a 20% upside is worth it. As I’m not a long term investor on one single stock, I could not offer any long term advise on pet dagang

Who is laughing now. 20% upside , good profit. Funny to see posts from 1 month back, so many Sifus with negative stories, adults behaving like small kids on Stock market…

If most of the whining guys really go into the details, upon action of short sellers there were opposite action to pump fund from 3 to 4 different entity surpassing norm daily an average. 12th March was the day of dip and mid day 10 am to 3pm rise registered at 13%. From 12th March peak till market closed today it was almost 5% gradual rise. If any taken the opportunity you made money within this few days. 250k to compensate is quite low to amount that is being transacted by this stock after Aug 2022 to date. There is a systematic average fund in & out and there is a tendency to keep the price at certain level. So either grow up and make money or complain , waste time and opportunity.

The reason any of retailers in the market is to make money but whining like old uncles in kopitiam is worth nothing. It’s a pity many in forum call themself investors and whine again when opportunities are lost. The same dip occurred for MYEG due another circumstance however the bounce were quite similar. It’s either learn to trade or don’t become a sour puss.

Pav has known to be cyclic & would be interesting to see it’s performance after the 1st and 2nd dividend for FY24. A good one for both dividend and it’s predictable price fluctuation for gains

All the trash talkers here are real investors or kindergarden kids. Quite a number of low quality investor I assume based on written posts

Congratulation to those who scooped at 3.15 & making profit

1.18 discount.

Gain of 10% to 13% can be expected if the yearly cycles repeated. Watch how this goes 1 to 2 weeks from now

While it’s not new seeing Maybank going low, the tendency to bounce back is always there making tons of gain to prudent investors. What I don’t understand, how come in this investing forum there could be so many childish men, talking trash, so immature & spewing out nonsense. Grow up , be a man & lastly mirror yourself. To those who are making all the right moves, I wish all the best of luck, as there is a good gain to come after the discount buy