KUALA LUMPUR (Aug 19): Petronas Chemicals Group Bhd or PetChem (KL:PCHEM) is projected to face weaker earnings in the second half ending Dec 31, 2024 (2HFY2024), driven by lower average selling prices (ASPs) in the olefins and derivatives segment, as regional shutdowns end and supply increases, according to analysts.
CIMB noted that the company’s 2QFY2024 core earnings were affected by larger-than-expected losses at the Pengerang Integrated Complex (PIC), amounting to RM100 million, compared with a RM10 million loss in 1QFY2024.
If follow 90% rule, can start to buy in a meaningful amount only at 60 sen. In order not to miss the boat, can start at 90 sen. As long as your cost is less than others, you will have others to be your cushion.
Tat is great news.. bad news is good news as long as the future is not going to remain the same. I invested in m&g at 7 to 8 cents, classify as pn17.. now is 30+ cents Wad u see is now, wad u didnt see is future
Plant can be modify to produce other in demand chemical, for example energy storage chemical. Pchem did it for the gebeng kuantan plant, u saw right?
Also can indirectly have ownership on 51% LINE plant at indonesia
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Posted by speakup > 8 hours ago | Report Abuse
Obviously u don't know lctitan