Is perdana also doing right issue? So Dayang is doing right issue to raise money for perdana and perdana is doing right issue to pay back money to dayang????

how to buy? no big drop also.....bought a'dy at 99c....then bought somemore at 97c.......now buy at 98c ah? seem not right leh.....buying on every cent......lol

will be further pressure on Pchem? if yes, very likely to break rm7. With oversupply and low average selling price, it definitely a double whammy for pchem. Similar to the steel industries and would it share the same faith as the steel counter? Time will tell.....

Wah lau eh. China seem to mass produce everything. From steel to textile to everything la. Market will be flooded with surplus of supply. Jiak lat ..

https://www.reuters.com/article/us-china-petrochemical-analysis/chinas-petrochemical-expansion-to-overwhelm-japan-south-korea-producers-idUSKCN1VA0US

from morning shouting gg.com but till now also no gg also.......make it gg 99 lat la.....

@dexeric....yes & no.

yes..... if it was release into the atmosphere ie; it consider as air pollution.
no ....if you harness it into a generator and generate electricity; similar to solar system and you even get paid if you apply the FIT.

dragoon....old news dun share la.....really baboon la u

Kedahan...got concern. Singapore install charging station. Nobody use fossil fuel ie petrol & diesel. Hibi bo business. ....close shop.

dragon....the article u share very deep oh!!!! The article on one hand say singapore not very welcoming for electric car but then install charging station. Especially the quote below. Meaning it is for obligation, or environmental or for economic???

"It's a trade off between our obligations, our environmental sustainability, and our economic growth."

Selling all my hibiscus now.

okla puntat.....your point well taken and you won the argument. Hibiscus will close shop in 10 yrs time because fossil fuel is dead.

Of course i would agree shell is smarter than me. They have thousands of expert while I'm nobody. But on what time frame are you investing in this stock? Shell is a forward looking company and looking for the next big thing in the future but are you buying a stock for the next 50 yrs. I asked myself will i see plenty of electric cars in next 5 yrs? I don't think so. It will phase out eventually but it will take times. Until the day we see electric train, electric tanker/boat/yacht/ electric plane and rocket.....then we can bid good bye to fossil fuel. Also, most important, what fuel the current power plant???

Dericlock, you flying ah????

PunTat.....what car u driving? Tesla? If not, when you want to change to an electric car or how long u going to drive your existing petrol car? I myself will be driving my petrol car for the next 10 yrs loh. Also, the electricity from charging station generated from air ah? 95% of power generation in Singapore use gas....... ya...goodbye fossil fuel my foot.....

dexeric.....0.97 also u park ah?...park la further....like 0.95. I park at 0.92......lol.....thought today will gap down. How naive......hehe....

IDSS only 200 lot?

If KLCI move up and market is bullish, of course overall bluechip will move together. So i guess, KLCI must break 1625 to show solid uptrend. Else, pchem will be just a float to use to support when it goes down 1600 and toss away when it is above water of 1600. Already 7.11. If ex date div....6.99? ....hehe....or already ex date?

Ya...dericlock....game over, please sell all ....best still go IDSS this counter, U sure make money......tell me ur TP and i see you there to help to buy some.

what? only down 2c?.....can do better than that right? Down la 10c.......

Dragon, u from Utusan ah? Not bad ah......There no job n cone here do freelance reporting??...lol
So how will u write the news?

If what alvin said is true, then it is a bad news to me compare to what hibiscus latest QR.
Anyway, i try my luck.....BAD Quarter ah!!!!...... Selllllll,.......hehe......kiddin la

oppss....pai seh. Just read bizzybone link. They completed drilling the 3 infill. Additional 3200 barrel. They din mention when the complete the 2 infill drilling. Assuming in august. Meaning there will be 45 days of additional 3200 barrel/day from NS. Previously NS only produce 5000 barrel/day. So with the additional 3000 barrel, it is increased of 60% leh. So 1Q'20 QR .....??? LOL......

Alvin, dun say old man stk oh. They are still drilling additional 2 side well and most probably will complete by sept. Already 1 completed on 14 June which given them above expectation result of additional 1000 barrel oil. Meaning Jul Aug and Sept have additional 1000 barrel a day from NS rig.

in my opinion, epf in because need to support the index. Most probably you will see epf selling announcement in few days time. Today it went down because index close at 1600. So no need support and sell some to adjust back their holding.....i guess only la..

wah......1.10 by end of this week ah? That can buy me many truckload of gourmet burger.....
I scared after eat.....heart attack ......lol

The upcoming Q will be reasonable but next Q, hibiscus will be hitting 1 billion in revenue. Also, i glance thru last Qr, i thought NS margin is better than ANUC due to NS oil is selling at $5 premium but in reality, the profit margin for anasuaria is much better than NS. Also, GBP and RM is weakened against USD which is good new for hibiscus. So despite the 10% drop in Brent oil, forex should cushion some of the impacts. Average profit per barrel is $15 to $20 for last Q. If oil stays above $50, hibiscus average profit per barrel is $10. It should translate to minimum 3c this Q and about 4c-4.5c next quarter......ok wat....

Ho seh liao. Strong buying support at Rm1. Now every bid is 0.1c. Abit happening now......

1.08 ah?....if can reach 1.08....then really yummy loh.

Wow...Pchem on viagra today ah? Price rose up so strong.....ada momentum oh.....

yaloh...u all buy abit more and make it up to rm1 la....see up down 0.05c also boring. I was praying hard it goes down to 90c but it ding dong there 0.97-0.985 only.

rm1 will be the psychological level. Also, once Rm1 broken and stay above, price movement should be more fluid because every tick is 1c rather than 0.05c.

oh yeah....my gourmet burger is back on my plate.....lol......

Shell Petrochemical complex in US will come online early 2020. Meaning less than 6 months. This this give more pressure to the average selling price of some pchem product?

https://en.m.wikipedia.org/wiki/Shell_Pennsylvania_Petrochemicals_Complex

lol....misai abang_misai got burn ah?.....u never know today will gap up. Anything is possible ma. 15 more minutes then will know loh.

Aiyo, wrg prediction also nd to mk police report ah? Wan like that meh?
U all invest whole fortune in this counter ah? Mayb agm, BOD give u free 1 yr egg supply leh.

Good or bad ah? Good bcoz Q2'19 better than Q2'18. Bad because no meet golden rule.
Next week will know market think tis is gd or bad la

Not bad wat. Last Q2 is negative. Now positive leh. Big improvement. U sell, uncle sure buy ah. Teo SEeeeennnng!!! ah...

Okla...session end......have a good weekend la everyone. Let see tonight any explosive news from US market or not......lol

oppss.....me wrg....close 1599.22.....below 1600........me bad...hehe....but close enuf to 1600???/hehe

Mob...can use dialog as well but Pchem or dialog still same. Pchem is 2x more expensive than dialog but Pchem is also 2x the weightage of dialog in KLCI. Meaning buy 1 pchem = buy 2 dialog. In terms of valuation, pchem cheaper coz dialog pe very high leh

1600 is KLCI index psychological level......

so sien.....ding dong at this level. Mau drop, kasi drop kau kau la....

because must make sure KLCI closing back at 1600 ma. So most probably epf or some local fund manager is buying back kua.....i think la....

me too....and praying hard for it ........lol.....

rr88...how about economy bad......more ppl retrenched and these ppl go drive grab car. So use more oil. Or ppl more free time. Drive around locally for holiday. Also use more fuel ma.....make sense??

Lol.....Rm7 also haven break and you already daydreaming for Rm6. Anyway, I wish that your wishes will come true...

I believed very hard for Pchem to break Rm7 because local fund is supporting the index. Pchem is the 5th largest weightage in KLCI index. The 1st top 3 have extremely high PE and therefore local fund can't buy too much to support the index or else it look ridiculously overvalued. So there is only little choices but to buy stock like PChem to support the index above 1600. Unless global market has very bad news or dow drop 1000 point for next 3 days, then there is a chance kua.....

Managed to read thru the Q2 transcript. Takeaway from the briefing is Q1'19 is benchmarking against crude oil which is $71 while Q2 is $66. But the current quarter crude oil is around $60. So meaning the average selling price in Q3 will be lower than Q2. Also, they have build up inventory for the heavy turnaround maintenance. But the inventory can only last for 0.5 month to 1 month depending on the plant utilisation ie; if plant running at 100%, it can only last 0.5 month but if not mistaken some of the plants is expected to shut down between 40 to 50 days according to last Q analyst briefing.

What a load of BS....when price is down, petronas dismantle and decommission oil platform and rigs? Then price good, construct again? Hello. u think this are rumah kongsi. Can be dismantle in a day and put up a next day ah?

Also, fertiliser not only uses in palm oil la. Generally, more and more fertiliser is used because of argriculture land that has been used many cycles is dead. If not mistaken, fertiliser volume has been increasing but the average selling price has dropped.

apolloang, not only egg price la. Day old chicks, meat all has fallen. Average selling price for all produce has drop 30 to 40%

hi tomtom, pls ask ur friend to call that number and do update us. I think many of us interested to know.