Its selling price is also at the upper end as compared to its historical 5-year prices

Also, PCHEM's average selling price is also up +22.1% YoY and this is expected to drop slightly but remain well above 2016 levels.

Samur project
The SAMUR project consists of an ammonia plant, urea plant, and a granulation plant, as well as utilities and jetty facilities in Sabah. The total installed capacity is 1.2 million metric tonne per annum.
The plant has achieved an important milestone whereby it has been certified to run as per its design nameplate capacity on 12 May. This means that it will start to contribute to the group earnings from 2Q17 onwards. Management is targeting for a utilisation rate of 70-75% in 2017, 80% in 2018 and PCHEM’s typical above 90% utilisation rate from 2019 onwards.

No one expected PCHEM to perform that well either, that's why lower TP. And note that demand is expected to remain stable and new plants will contribute to earnings.

Maybank

Good FA, scare what

Samur project
The SAMUR project consists of an ammonia plant, urea plant, and a granulation plant, as well as utilities and jetty facilities in Sabah. The total installed capacity is 1.2 million metric tonne per annum.
The plant has achieved an important milestone whereby it has been certified to run as per its design nameplate capacity on 12 May. This means that it will start to contribute to the group earnings from 2Q17 onwards. Management is targeting for a utilisation rate of 70-75% in 2017, 80% in 2018 and PCHEM’s typical above 90% utilisation rate from 2019 onwards.

Above; U/G to BUY 1Q17’s PATAMI of MYR1,306m (+120% YoY, +32% QoQ) was above our estimate, making up 37% of our full year forecast, and was at consensus’ top estimate. Factory utilisation rate surprised positively at 99% (+7ppt YoY, +4ppt QoQ). We raise 2017-19 earnings forecasts by +13.5%, +7% and +7% respectively to factor in lower effective tax rates as guided by the management. TP now is at MYR8.10 (+6%), based on an unchanged 8.5x 2017 EV/EBITDA peg, which is on par with global peers. Upgrade to BUY.
Smooth operator The people of PCHEM deserve a standing ovation as the plant operational reliability has been spectacular in the past five quarters. More impressive, they’ve been able to extract cost savings from lower utility consumption on per unit product basis and also efficiency gains on manufacturing costs. We believe PCHEM will be able to achieve utilization rate surpassing 90% on a consistent basis going forward.
Management guidance on product prices in 2Q17 Management states that there will be pricing pressure in 2Q17 for urea, methanol, aromatics and methyl-ethylene glycol due to sufficient capacity and seasonality aspects. On the flip side, ammonia and ethylene prices are holding up well. On balance, we think 2017 is shaping up to be a fantastic year as the year-to-date ASPs are up by 22% to MYR3,452/ton. The latest global PMI is firmly in the positive territory at 53 as at end of Mar which suggests there will be big demand for petrochemical products.
BUY on strong earnings growth potential Our house view is for average crude oil price to rise by a modest USD5/ bbl per annum. This should ensure a benign inflationary pressure globally and underpin strong demand for basic materials and petrochemicals. Also, new capacity output is only rampant in Asia Pacific and the USA, whilst other regions are decommissioning their old plants. Therefore, we forecast product margins to remain firm in the next 1-2 years.

This is what happened to me at PRLEXUS, when announced good QR, the stock was stagnant, even went down and then suddenly exploded.

I first time sailang so much in my life.

If there's no people to beat down stocks, how to accumulate? I believe in FA so doesn't matter what others say.

Check out the volume

Bought at 1.4 in March and sold all at 1.53.

sell queue cannot clear also no point haha

Something is pushing the share price down.

Alex3388 and Goldentriangle, please use facts. It now seems I can make money by doing exactly opposite of what you comment. Haha

I sold off 1/3 gamuda-we

All bollocks, value investing wins

Buying on weakness, geopolitical risks is short term.

http://www.gsmarena.com/samsung_galaxy_s8_duo_smashes_preorder_records_in_korea-news-24455.php

http://www.theedgemarkets.com/my/article/trade-wise-inari-eyes-iris-scanning-technology

Its the iris scanner. After the launch of Galaxy S8 and S8 Plus, knowledgeable punters will see the potential of the iris scanner. I'm accumulating like crazy now.

Funds just entered few days back, that is our support price.

Yea, I also selling as the price has hit a new high. However, regret now as Iris scanning could take off.

Fundamentally this is forward earnings already. No point entering at all.

Engines start...

Very good day to re-enter. That was fast.

Price up

I agree with Dolly, patience. Airasia was a good example.

Good day today. Syndicate begone.

Thats a good explanation. When airasia drop till 2.15, I went and bought and regretably sold at 2.7. The trend will happen with prlexus, I keep buying at 1.36.

Commendable QR. This stock suffer a bit from coverage so no big funds buys into this company. Most of its shareholders are local institutional players with very little exposure. Even though EPS is diluted, its still more than the previous QR. Not to mention based on historical pricing, last year's EPS is also low but the price is more. I'm so confident that I bought more shares today. I'm in for the mid term till end 2018 unless its Vietnam operations shows a very big promise.

Their biggest customer: http://news.nike.com/news/nike-inc-reports-fiscal-2017-third-quarter-results

Got good news coming and then the stock will go up high!

So surprise if I follow everyone's analysis here, will go wrong. Syndicated?

Move already, hit 1.32.

Wah, really amazing. This could be the start of another buying spree.

This stock suffer from no coverage

Based on comments here, the price went up? Or feel good factor for the coming quarterly announcement?

Only time will tell if he makes or loses.

OTB, thanks for all the contributions. I went through 2016 purely on my own stock picks and made >20% for 2016. However, I don't think I can repeat this level of performance every year so I'm going to follow all your teachings (including going to your classes) as I just found out about you. I also firmly believe in combining TA + FA in choosing stocks.

Its down

Buying a company does not mean improved profits, what about the debts that are accrued? I sold all.

should be 10 lot and not 10 unit

As expected, it went up but not yet fully reflect the profit increase. Perhaps there's some element of risk priced into the price.

Profits up about 2.6% from last Q. Announced 6.7sen dividend. The price should reflect this good results soon.

Westports delivered 4Q16 core net profit that was 13% above CIMB Equities Research’s expectations, beating its forecast by 3%, as Q4 container volumes outperformed by 3%.
Read more at http://www.thestar.com.my/business/business-news/2017/02/13/wesports-q4-earnings-above-expectations-says-cimb-research/#8y5Xda1Xww6yEpJI.99

Moving up well today

EPS up, definitely share price will go up!

Great shopping day. Managed to collect back again. Just saw the news and Trump assures everyone that once he takes office he is not going to make a brash decision, instead make partners not enemies for mutual benefit.