If QR loss can still spike so high in one day, meaning it can also fall hard in coming days. Beware ya...

https://www.thestar.com.my/aseanplus/aseanplus-news/2024/11/20/high-speed-rail-hsr-decision-still-pending-as-existing-projects-are-a-priority-finance-minister-ii

https://www.thestar.com.my/aseanplus/aseanplus-news/2024/11/20/high-speed-rail-hsr-decision-still-pending-as-existing-projects-are-a-priority-finance-minister-ii

https://www.nst.com.my/business/corporate/2024/11/1137097/petronas-chemicals-reports-first-quarterly-loss-rm789mil-its-2010

Wonder what will happen if EPF doesn't support this counter.

https://www.freemalaysiatoday.com/category/nation/2024/11/18/mrt3-projects-construction-may-only-commence-in-2027/

https://www.freemalaysiatoday.com/category/nation/2024/11/18/mrt3-projects-construction-may-only-commence-in-2027/

https://theedgemalaysia.com/node/732834
The Edge 05-11-2024 Part news:
'One market watcher said anticipation is rising that PetChem might be issuing a negative profit guidance prior to the release of its results later this month.
This comes amid expected foreign exchange losses and a step up in depreciation charges at PetChem’s Pengerang facilities, he said.'

Is there a possibility of a bad QR? Will share price drop further after QR?

https://theedgemalaysia.com/article/petronas-chemicals-institutional-offering-rm520-retail-rm504
History:
12 Nov 2010 The Edge. Pchem IPO price RM5.04
5 May 2022 touched RM11.08 high level in day trading
Today 12.30pm break RM4.570.

Study-Trump policy, Sarawak policy, Petronas future, Our economy, Our chemical future, Investors sentiment & whether Pmx/Finance minister knows his job.

From there can start to take position to buy when time is right. Otherwise you may get stuck with the low price for very long time after buying.

Award to the smaller party instead of awarding the experienced group. Thought this gomen different. Becoming a culture.

Right time to buy

Easy profit by Sellers today. Tomorrow another round.

UP! As long no construction issues, no earthquake in Taiwan, no confrontation between China & Taiwan & trump presidency don't penalize pmx for joining brics.

Done Intraday only. Bought at 0.285, Sold at 0.305. Don't dare to hold. Very fragile and might still drop further tomorrow.

What is the support level? First time buyer.

Should compare Mahsing with other property counters. Not with IT Techs.

Its not about race. Its about politicians not having the academic qualification capability but dare to hold a position where he is not qualified. Check Pmx and LHY education background holding Finance Ministry. Unlike Singapore. PM Lawrence is an economist.

The result of neggiri & mahkota is giving umno the strength to become stronger again. Once strong again, can pull-out from UG and go by BN coalition for future GE elections. Thanks to pmx.

Wrong move by Pmx/Fm. From the very beginning supposed to introduce GST first instead of touching any subsidies. From the GST Revenue then only determine any requirement to rationalize any subsidies. Now price hike & cost of living high. Everything gone haywire. Not qualified to hold the position.

PM/FM, BNM should control not to let Ringgit spike on a fast track basis. Should hv controlled uptrend gradually slowly but steadily. Fast spike to impress audience will trigger Speculators to take advantage to buy in bulk and sell-off at certain level for profit. Like goreng a share in Stock market.

https://www.nst.com.my/business/corporate/2024/09/1111242/gamudas-net-profit-drops-rm91213mil-revenue-rises-rm1334bil

History shows a lot of promises by pmx when he becomes pm such as lower petrol, resolve MA63, etc. With MA63 now he realizes that petronas revenue will become less and affect the fed govt income. Govt had already approved civil servant salary hike which will becomes 'a monthly commitment' and not a one-off payment. Savings from Diesel subsidy cut which will become less may not be enough.

The uncertainty in the World Markets especially in the US is also bringing down the price.

14.680 with 1.2M Bids against 14.700 with 3.0M Asks at 4pm. Big volume fighting. How to move...🤔😴

pmx was in umno before. he was the deputy president. did he mention this issue when he was in umno?

Cannot simply pay. Public Company. The management must be able to 'justify' that such tax is required under the Tax Law. Otherwise if auditor comes and discovers a person is not protecting the company's interest, he might face legal action by the company. Nowadays we hear news of 'new management' of a company taking legal action on 'former management' pertaining to their action & decision making related to the company's interest. Similar to our politics.

Don't dare to hold for dividend entitlement due to the timing schedule of the US job data announcement on Friday night. If US market fall, Bursa may also fall on Monday morning.

Going downtrend after dividend ride. May be reversal mode before next coming dividend March 2025.

My itchy fingers eventually press keyboard to SELL and take profit during early opening. Dont dare to hold this counter beyond Dividend Ex date. Yesterdays KLCI increase did not represent the overall bursa market which was mostly down.

Analysts should be brave to announce price call to 'SELL'. Not even a 'HOLD'.

Profit drop but price up. KLCI also up. But overall market, most counters down. Very contradicting. Giving me the creeps and uncertainty feeling. Wonder what is going to happen to the stock market.

On Dividend Ex-Date we standby our fingers on the keyboard. Whether to Sell or Not to Sell. Wonder whether will it go further up or move downwards. Praying very hard for Uptrend continuation.

FBM KLCI up. But why most counters in Bursa down? Are the Local Institutions pumping in funds?

Div 10sen/share. After Dividend Ex date price may drop even further.

EPF must continue pumping in fund to ensure Petronas remain strong in composite index. Previous RM16 range is not good for market capitalization. Otherwise other strong counters in the main board are trying to enter composite index lists.

EPF pumping. Is Ron95 subsidy rationalization coming soon?

Wonder at what level will the composite index close for tomorrow.

Already advised last week to stay out.

Already advised 2 days ago.

Market 🔽 Ringgit 🔼 🤔

Bet that US market will dip further next week for fear of recession despite US Fed rate cut. Counter may also deep further after Dividend Ex date. Either save money or spend to buy in stages with expected lower price from time to time.

1 Aug issuing ESOS again. 9,500 shares.

US market up & down with uncertainty. Our market also affected and affecting further those related to Diesel rationalization. EPF pump in fund to help counter price, while those who were earlier stuck with the price fall from RM20+ to RM17 now taking advantage to sell and exit counter.

Chart shows no hint on reversal pattern. Chemical market in uncertainty. US market up & down. How come you guys are still here? Why not wait for the downtrend to stop before taking position. Most have made profit this year at RM7++

https://www.nst.com.my/business/corporate/2024/07/1083225/construction-stocks-likely-see-more-upside-newsflow-contract-wins

A lot of traders will be taking profit this week from last week attractive low price. Even pump the price higher also the price might go down again.

Relying on EPF to pump in fund for support. Cant imagine price without EPF. Composite index need to show market still good.

Growth price more important than Dividend.

Need to pump price higher before Dividend Ex date. Going to have 0.100 price adjustment after Ex date. Not including other sell off that may occur due to any upcoming market sentiment.

Drop from US market fall sentiment. Then local institution disposed 1.2M shares. Wrong timing of transaction. Now price trying to climb back again after battle. May take some time.

So frequently issuing ESOS. 92,200 shares. Timing of issuance during US Market fall. Huge retracement. Now it takes time to climb back up again.