KLSE (MYR): INSAS (3379)
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44,632 comment(s). Last comment by TheContrarian 11 minutes ago
Posted by Philip ( buy what you understand) > 2023-04-07 10:30 | Report Abuse
Posted by Philip ( buy what you understand) > 2023-04-08 08:09 | Report Abuse
Posted by Philip ( buy what you understand) > 2023-04-08 08:15 | Report Abuse
Posted by Philip ( buy what you understand) > 2023-04-08 08:46 | Report Abuse
Posted by Philip ( buy what you understand) > 2023-04-08 08:47 | Report Abuse
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Posted by Philip ( buy what you understand) > 2023-04-08 12:29 | Report Abuse
Sslee
4,829 posts
Posted by Sslee > 2023-04-02 10:52 | Report Abuse
Repost from Pchem forum.
Posted by Sslee > Apr 2, 2023 8:26 AM | Report Abuse X
According to Philip:
Pchem has 25% profit margins
50% of pchem revenues comes from urea or fertilizer. They have an ungodly gross margins on fertilizer.
Just wonder why quarter end 31th Dec 2022 NP Margin only a poor 1.23%?
50% of pchem revenues comes from urea and urea is now falling from USD1,000+ in May 2021 to USD 310 now. Not hard to see Pchem next 2 quarter result will be?
Philip ( buy what you understand)'s Portfolio: PHILIP FARMS TRACKED PORTFOLIO ON I3INVESTOR
Sep 11, 2022 7:26 PM | Report Abuse
Firstly. Pchem has 25% profit margins. Which is far more than every other comparable major petrochemical company.
Secondly 50% of pchem revenues comes from urea or fertilizer. They have an ungodly gross margins on fertilizer. Why?
Thirdly, neither basf, the Koreans, Japanese or the Americans have a major petrochemical processing center in South East Asia. Which means with the delay and difficulty and distance of transportation and logistics, the cheese stands alone.
Posted by Sslee > Apr 2, 2023 8:38 AM | Report Abuse X
By the way someone did not know of Jurong Island in Singapore.
Jurong Island is home to many companies such as LANXESS, Afton Chemical, BASF, BP, Celanese, Evonik, ExxonMobil, DuPont, Mitsui Chemicals, Chevron Oronite, Shell, Singapore Petroleum Company Singapore Refining Company, Stepan Company, Petrochemical Corporation of Singapore, The Polyolefin Company, Chevron Phillips, Mitsui Elastomer, Baker Hughes and Sumitomo
In 2021, the output from petrochemicals manufacturing amounted to 38.61 billion Singapore dollars. In that year, the value of total chemicals manufacturing output was 92.39 billion Singapore dollars.
Posted by Sslee > Apr 2, 2023 8:53 AM | Report Abuse X
Correction typo error.
Urea is now falling from USD1,000+ in April 2022 to USD 310 now.
Hope Philip will fully use his margin finance to buy more Pchem on the cheap.