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5 days ago | Report Abuse
Posted by Sslee > 25 minutes ago | Report Abuse
Once PIC (Pengerang Integrated Complex) in operation with negative margin spread of naphtha feedstock-ethylene derivative and finance cost cannot be capitalized and huge depreciation cost come in plus if ringgit strengtening against USD then next quarter result will be ugly.
yes. u are very right the following quarter will look horrible. if im right its not going to be in operation ethylene propylene are in excess. they are lucky if profit is not in negative territory
1 week ago | Report Abuse
Sslee
Individual quarter ended 30 June 2024: Cumulative quarter ended 30 June 2024
RM Mil
Revenue A9.1 7,728 15,227
Cost of revenue (6,255) (12,383)
Gross profit 1,473 2,844
Selling and distribution expenses (523) (1,030)
Administration expenses (400) (766)
Other expenses (63) (51)
Other income 549 886
Operating profit B4 1,036 1,883
Financing costs (30) (73)
Share of (loss)/profit after tax of equityaccounted associates and joint ventures (66) (65)
Profit before taxation 940 1,745
Tax expense B5 (131) (233)
PROFIT FOR THE PERIOD 809 1,512
Profit attributable to:
Shareholders of the Company 777 1,445
Non-controlling interests 32 67
PROFIT FOR THE PERIOD 809 1,512
Basic earnings per share attributable to
shareholders of the Company:
Based on ordinary shares issued (sen) B13 10 18
Is above a good result?
If without the other income of 549 million what will be the PAT?
this result is expected and going to be like that for quite some time. their cracker is not even online. lets talk about competitive edge. they have all of the feed stock crude, coal, gas vs china coal and gas. i can deduce for sure for every metric tonne petchem breakeven company like Sinopec CNPC and their company will burn money. This itself is good enough. China recently become nett exporter of PP and PE
1 week ago | Report Abuse
Geographically wise Pchem has advantage as a world class port.
1 week ago | Report Abuse
Posted by Sslee > 14 minutes ago | Report Abuse
Question
i tried looking at 2023 agm Q&A cant seem to find the same batch of questions. anyway, The real question we need to ask is do they have competitive edge against china. We dont know about how well china vertical integrations are. chances are its going to be very well integrated
1 week ago | Report Abuse
Posted by Sslee > 20 hours ago | Report Abuse
The question what will happen when China turn from big importer of petrol chemical to big exporter of petrochemical?
any reading material boss?
1 week ago | Report Abuse
Posted by Sslee > 5 days ago | Report Abuse
How can strengthening of RM good for our export oriented economy?
its only good thing is if cost is export orientated and your revenue is domestic orientated
or
u have pricing power but that would require you to be in niche position or high up in export chain
2 weeks ago | Report Abuse
Posted by Sslee > 9 hours ago | Report Abuse
Why set the horizon for next decade when I not even know what will I have for a dinner? So I settle for a trader aim for 30% gain or just for a free bintang beer and lobster.
Just trade for fun and collecting dividend.
Hahaha. thats what i used to thought too. but thats actually too much work for me. i want my capital to grow as easy as breathing
2 weeks ago | Report Abuse
Posted by Sslee > 27 seconds ago | Report Abuse
Me, more like a q to q earning predictor am busy buying those stocks that I think will report a good quarter end 31/6/2024.
why not extend your horizon for the next decade? your life is set with 1 or 2 winner
2 weeks ago | Report Abuse
Posted by Sslee > 1 hour ago | Report Abuse
For some money is just a figure. So for investor like Philip to be right is more important.
As for trader like me a 30% win is good enough for me to take profit.
The key is really just to be consistent. if u make 30% 60% of the time and lose 30% 40% of the time. i dont see anything wrong with it.
2 weeks ago | Report Abuse
economies of scale only work in volume. it has slashed its inefficient arm give it some time to grow back and further integrate. the margin will grow back over time
2 weeks ago | Report Abuse
gohkimhock
"We expect its earnings to return to pre-Covid level only in FY27/28F onwards"
This is laughable. I can bet with you it will never return to pre-Covid19 level. Never.
ok on i dont like to talk much. we revisit 10 years later. if harta keep growing or get demolished by intco.
2 weeks ago | Report Abuse
EPS of 0.94 sen and dividend of 0.35 sen.
Is that a good result?
its only a bad result if its going to remain as such.
if u use china as the reason i can still accept
-100% utilization rate
-probably going to get 30b credit line from the government
-expansion
-why they can sell 20-30% cheaper
i do agree everything from quantitative point of view the price doesnt make sense. investing is a qualitative game
2 weeks ago | Report Abuse
gohkimhock
pre-Covid19 is way better than now..
of course la mr.goh. they close down their arms, still oversupply condition. the question is do they have what it takes to compete in the future. U keep saying harta is bad. How many company exactly in Malaysia can compete in world stage. i can count with my hands
2 weeks ago | Report Abuse
What I bough yesterday:
Buy 05/08/2024 07/08/2024 INSAS 80,000 0.991600 79,569.83
Buy 05/08/2024 07/08/2024 JTIASA 100,000 0.998500 100,229.59
Buy 05/08/2024 07/08/2024 LBS 40,000 0.605000 24,292.76
Buy 05/08/2024 07/08/2024 LTKM 20,000 1.325000 26,601.20
Buy 05/08/2024 07/08/2024 PANTECH 110,000 0.970500 107,054.16
strong. ss lee
3 weeks ago | Report Abuse
nothing to do with dividend la. dp 60% u can literally count the dividend
1 month ago | Report Abuse
bought 600 unit harta on 25/7/24 with cash balance
1 month ago | Report Abuse
no offense goh the property mahsing build are known to give the least return to homebuyer. Highly dense every single development is 1000+unit to 3000 unit adding to the traffic jam without giving any added value to the community nearby
1 month ago | Report Abuse
Mikecyc
Haha Insider keep Disposed shares :
why is the price not dropping much.
1 month ago | Report Abuse
Yes still holding Jtiasa. Expect quarter end 30/6/2024 result should be better than last quarter and with dividend.
If CPO price can hold above RM 3,900, I expect Jtiasa price to test the 52 weeks high of RM 1.53 by year end.
expecting big dividends when they achieve FCF next year. im a small holder not as big as you
1 month ago | Report Abuse
come join philip group la so we can chit chat😁
1 month ago | Report Abuse
By the way I am not talking about those 10A holders but those that were not qualified to do certain toughest professional courses but get in through backdoor.
The day Malaysia will truly change is when it change its education. Let's do it step by step this is the hardest and also most crucial part. If they do it fair the minority will flock at the top. This is not something the mass want to see.
u like it or not our education is a political chess piece.
2 months ago | Report Abuse
ss lee the fact that malaysian glove can sell higher asp compared to intco already tell u a lot of stories. china is not the asp setter. look pass all the things now and look 10 years ahead. whatever u are looking at now wont make sense one.
2 months ago | Report Abuse
notice how harta is consistently there
2 months ago | Report Abuse
But recommend Privasia :
Hoho Moneykj is Chun Chun on Notion .. Privasia is in the List … being awarded Gov project RM 1.2 Billion on 2022 before GE15 .. re announced on October 2023 …
but i can bet with u with certainty ss lee is leap and bound richer
2 months ago | Report Abuse
Posted by Sslee > 2 hours ago | Report Abuse
how big is your position btw.
If keep dropping then I have enough cash in my trading account to make it into top 30 shareholders list.
wow so much conviction.
2 months ago | Report Abuse
Sslee
Today I q buy 1.07, 1.06, 1.05 and 1.04 will see how many match.
how big is your position btw.
2 months ago | Report Abuse
Sslee
What more information you want to make an investment dicision?
The Monthly production figure is announced every month in Bursa website and daily CPO price at MPOB website.
Just buy when everyone is selling and sell when everyone is buying.
sound of a true investor😁
2024-04-05 10:41 | Report Abuse
Investing should be based on what you want foremost. Portfolio should be built based on your need rather than one universal rule for everyone. The only universal rule is to have margin of safety against future value. Do you want passive? Do you not need any passive? Do you want some passive while having some income? What's Your competitive edge it should scale with your conviction? no point investing 5% of your money better go fly kite
2024-04-04 14:35 | Report Abuse
NatsukoMishima
Only glove tards still dreaming in 2020 !
Why don't u at least show your portfolio or at least compete in the stock competition to make a point
2024-03-20 14:19 | Report Abuse
Albukhary
If Top Glove sales can increase 10% from RM493mil to RM550mil, then I believe other glove company (i.e. Harta, Kossan) which have higher plant utilisation could have higher sales increase, at least 20-30% compare to last quarter.
Harta would have higher revenue if its not because of red sea issue
2024-03-11 14:01 | Report Abuse
Your analysis doesnt say how can we compete with thailand and vietnam. From what i know they are a lot more competitive
2024-03-06 09:18 | Report Abuse
I think the term 'value trap' is not accurate or so called book value is irrelevant in most cases. Rather can you trust the management integrity. We are investing into human not books
2024-03-06 08:49 | Report Abuse
Reading the report is just one small part of factor in determining a company valuation.
2024-02-29 16:34 | Report Abuse
i didnt say its a trap. i simply think the BOD do not have the conviction or integrity to set a long term promises to the shareholders. Please understand that the minorities just want to get paid. Setting a simple dividend policy shouldnt be that hard .how many %? if cant set now then when? why? whats the setback? Stock price doesnt just derived from the figure factor. The management integrity is placed above everything else.
2024-02-29 15:52 | Report Abuse
Dear Godhand
would u mind pick up some points from the article that go align with your value trap definition?
just a brief one will do as a point form
Lets put it this way. as a minority shareholder what is your certainty? I'm not going to say that Insas is a trap but it simply lack the certainty. It also could be the nature of their business that they have to hoard the cash and re-invest. What guarantee the minority that they can have the piece of cake? I think whatever the author say here is irrelevant. what is more important is the direction and promise that the this company made and deliver in stages to the shareholders
2024-02-29 15:09 | Report Abuse
If you make a decision based on your statement above to decide and demand me to say I have been wrong whether Insas a value trap or not, that is your prerogative, and I respect your opinion. My point of view is just different from you as I looked at a whole lot of different things, all in the article itself.
Do you expect everyone thinks the same?
what is your definition of value from the perspective of a minority shareholder.
2024-01-31 15:32 | Report Abuse
Stock: [INSAS]: INSAS BHD
1 hour ago | Report Abuse
At the end of last year my account and shares with Hlebroking total RM 3,607,457.80
All dividend directly paid into my Maybank account for family expenses managed by my wife.
I only recently break a million. but i estimate my dividend around 30k only this year
2024-01-31 13:34 | Report Abuse
Last year I need to move my fund to Petronm then to MBMR to acheive dividend of RM 200K+.
I can only wish if Insas give a better dividend then I do not need to move the fund around.
what fund size are we looking at here
2023-12-29 19:12 | Report Abuse
@Tan KW. I'm Top 20 for 2 consecutive years 2022&2023
My Pick
CCK - 25%
Harta - 25%
FPgroup - 10%
Hevea - 10%
Mynews - 15%
Hupseng - 10%
Geshen - 5%
2023-12-01 14:30 | Report Abuse
Sslee Sorry I do a lot of trading and the only stock I hold long long is the value trap Insas.
not if they start to dish out more dividend
2023-11-10 13:05 | Report Abuse
Ok thx. Would love to learn from you.
2023-11-10 08:33 | Report Abuse
mr sslee do u have trackable records. mind sharing with me
2023-11-01 19:09 | Report Abuse
yea admin please adjust for participants who pick Hibiscus. @tan kw
Stock: [PCHEM]: PETRONAS CHEMICALS GROUP BHD
5 days ago | Report Abuse
but again ss lee the correct approach is not to value a company based on the current situation now especially a cyclical one like this but to access the competitive edge it has over china albeit a very slim one.