Posted by Mabel > 3 weeks ago | Report Abuse

Mabel reenter today at RM 6.41..

Now waiting at RM 6.40..

Meow

Posted by James_Bond > 3 weeks ago | Report Abuse

Mabel, your serbak dinamik battle ship submerged and brought many people died in the ocean. Now you still dare to bring the rest of newbies to sink with you?! Goodness!

Posted by kong73 > 3 weeks ago | Report Abuse

Petchem to fall like Serba Dinamik probability is zero

Posted by Mabel > 3 weeks ago | Report Abuse

SD went downhill due to False accounting . Nothing much we can do when honesty is compromised..

Here we have an honest index company..

kong73 is spot on..

PCHEM is a strong company..

Want to play safe wait until it touches RM 6.3..

Now PCHEM climb up oledi..

Loves this counter..

Trade at your own risk Ya..

Your money your call..

Meow

Posted by Mabel > 3 weeks ago | Report Abuse

PCHEM is listed in Bursa Hall of Fames...

Those with * are the counters Mabel is holding...

Pos Code Stock M-Cap L4Q P/E
1 1155 *MAYBANK* 118135461959.68 12.29
2 1295 PBBANK 81719012204.35 12.28
3 1023 *CIMB* 70593871096.70 9.86
4 5347 TENAGA 68984995902.32 26.50
5 5225 IHH 55219842743.01 16.28
6 5183 *PCHEM* 54960000000.00 31.41
7 6947 CDB 49037703389.84 31.30
8 8869 PMETAL 44081955112.30 29.05
9 5819 HLBANK 41750254149.84 10.67
10 6742 *YTLPOWR* 36125825721.96 10.69
11 6033 PETGAS 35656749108.30 18.76
12 3816 MISC 35219327582.67 17.98
13 4677 YTL 33427033750.20 9.03
14 5285 *SIMEPLT* 30636615682.43 15.07
15 4707 NESTLE 29828400000.00 45.20
16 6012 MAXIS 28038836053.80 28.26
17 1961 *IOICORP* 25455055929.75 28.70
18 2445 *KLK* 25276697918.00 32.71
19 6888 AXIATA 25250274175.50
20 1066 RHBBANK 23574914555.50 8.39
21 4863 TM 23447908790.80 12.44
22 4065 PPB 22619323130.10 15.92
23 5681 PETDAG 21697035360.00 22.44
24 5211 *SUNWAY* 19644237976.54 22.96
25 1082 HLFG 19324184427.60 4.42
26 4197 *SIME* 19151829191.37 5.00
27 3182 GENTING 17407263484.51 7.68
28 5014 AIRPORT 17019255206.40 31.33
29 7084 QL 15672751975.16 35.20
30 4715 GENM 15438916084.80 42.78
31 5296 MRDIY 14550607366.68 25.95
32 5398 *GAMUDA* 14540621082.75 16.17
33 1015 AMBANK 14052143738.56 7.62

To Our Success!

Meow

Posted by Leesa688 > 3 weeks ago | Report Abuse

PetChem most disappointing company. After averaging still go down! When go up only a few cents. What is happening to the Petronas companies - Petronas Dagangan shares also plunging!

Posted by Mohd ImranRafifi > 3 weeks ago | Report Abuse

Foreign funds were selling Petronas ... I think

Posted by bullrun168 > 2 weeks ago | Report Abuse

Walaoeh, oil price spike up crazily !
Brent closed at=> $86.60 +1.60 +1.88 %
Like that today Pchem going to limit up already liao lah !
Heng ah, Ong ah, Huat ah !

Posted by Needluck > 2 weeks ago | Report Abuse

foreign fund disposing stocks no future......

Posted by Needluck > 2 weeks ago | Report Abuse

Substantively lower institutional transactions in June. As the ringgit was slid slightly to MYR4.715=US$1 last month, the FBMKLCI marginally declined MoM as local institutions were substantively less active, being net purchasers of RM264mil in June (from RM2.4bil in May) while foreigners continued to be net sellers albeit at a slight RM61mil from RM1.4bil in May. 68% of net local institutional purchases were in the financial sector, 22% in plantation, 5.4% in healthcare and 4.5% in construction. Conversely, 72% of the June net foreign sales were in the financial sector, followed by plantation (20%), and healthcare (4%).

In June, foreigners sold out of Public Bank, MayBank, CIMB, YTL Power International, KL Kepong, YTL Corp, Hong Leong Bank, RHB Bank and Petronas Chemicals Group . However, they were net buyers of Tenaga, Press Metal, MISC, VS Industry, Inari Amertron, Mah Sing, AMMB Holdings, Malaysia Airports Holdings and IHH Healthcare.

Posted by Mohd ImranRafifi > 2 weeks ago | Report Abuse

Foreign funds sell off, local funds take over

Posted by Needluck > 2 weeks ago | Report Abuse

short volume @ 3/7/2024 accumulated 40,528,302 shares, careful o...

Posted by Needluck > 2 weeks ago | Report Abuse

pchem, axiata, maxis, klk... short selling very thick

Posted by zzprozaz > 1 week ago |

Post removed.Why?

Posted by Needluck > 1 week ago | Report Abuse

this is one of bursa "good" counter, drop from 21/5 until currently...

Posted by cessyloo > 1 week ago | Report Abuse

Can buy in low price? any suggestion?

Posted by Mohd ImranRafifi > 1 week ago | Report Abuse

Use extra cash to buy the dips

Posted by Mabel > 1 week ago | Report Abuse

Mabel collect more today from 6.19 until 6.16....

Meow

Posted by Mohd ImranRafifi > 1 week ago | Report Abuse

Remember don't all in, but buy in batches

Posted by Mabel > 1 week ago | Report Abuse

Touche Bro...

No issue to hold this gem as it has met Mabel's Target Collection price

Valuation

Following the change in our earnings forecasts, we lower our TP to RM7.15/share (previous: RM7.45/share) pegged to 9x CY25 EV/EBITDA. Maintain Hold.
Source: TA Research - 30 May 2024

Posted by Needluck > 1 week ago | Report Abuse

short selling volume @11/7=41,789,002shares, got 1 year to buy back, bila nak buy back?

Posted by Needluck > 1 week ago | Report Abuse

dump again? only 2 hours trading short sell vol already 121,300 shares

Posted by andytfyap > 1 week ago | Report Abuse

https://finance.yahoo.com/news/analysts-updating-petronas-chemicals-group-223903549.html

Posted by Needluck > 1 week ago | Report Abuse

based on past few days trading pattern, looks like going to drop to 6.00

Posted by James_Bond > 1 week ago | Report Abuse

Serve you right for not listening! Please go and follow the submerging Mabel ship…

Posted by Mabel > 1 week ago | Report Abuse

Ya lor...follow James Bond...It's your call..

The Bottom Line

The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. Happily, there were no real changes to revenue forecasts, with the business still expected to grow in line with the overall industry. The consensus price target held steady at RM6.33, with the latest estimates not enough to have an impact on their price targets.

With that in mind, we wouldn't be too quick to come to a conclusion on PETRONAS Chemicals Group Berhad. Long-term earnings power is much more important than next year's profits. We have estimates - from multiple PETRONAS Chemicals Group Berhad analysts - going out to 2026, and you can see them free on our platform here.

Key information: 5.2%

Earnings growth rate: 5.2%

Chemicals industry growth 8.9%
Revenue growth rate 15.5%
Return on equity 4.6%
Net margin 6.4%
Last Earnings Update 31 Mar 2024

Posted by Mohd ImranRafifi > 6 days ago | Report Abuse

Buying in batches is a good option to invest in this counter 🙂

Posted by Followgrass > 6 days ago | Report Abuse

So, today continue to drop?

Posted by pierre69 > 6 days ago | Report Abuse

just bought 100 lots at RM6.04

Posted by Havefun > 6 days ago | Report Abuse

What is EPF doing? Buy and sell at the same time

Posted by MULTIEVER > 6 days ago | Report Abuse

you can email epf ask them why buy sell bu sell everyday 🤣🤣🤣

Posted by Havefun > 6 days ago | Report Abuse

Bought some 5.99

Posted by Needluck > 6 days ago | Report Abuse

already oversold, still got short sell , if not back above 6, next is 5.90 or below..

based on past few days trading pattern, looks like going to drop to 6.00

4 days ago

Posted by James_Bond > 5 days ago | Report Abuse

Serve you right for not listening!

Posted by yeinemesis > 5 days ago | Report Abuse

Sold at RM7 range way months ago. You guys are daredevil. Still loyal even though the chart is still on continuous downtrend. Do you all foresee a sudden reversal breakout?

Posted by cbkia4896 > 5 days ago | Report Abuse

Up car loooo

Posted by Mabel > 5 days ago | Report Abuse

Needluck already oversold, still got short sell , if not back above 6, next is 5.90 or below..

based on past few days trading pattern, looks like going to drop to 6.00

4 days ago
16/07/2024 3:43 PM

Dump yesterday at RM 6.02 and collect back at RM 5.96 and RM 5.950...

*Market Capitalization (KLSE) on 12 July 2024*

1 *Maybank*
2 Tenaga
3 PBank
4 *CIMB*
5 IHH
6 PMetal
7 *PChem*
8 CDB
9 YTL
10 *YTLPower*

Meow

Posted by Needluck > 5 days ago | Report Abuse

pumped and dumped?

Posted by Mohd ImranRafifi > 5 days ago | Report Abuse

Pchem is a roller coaster today 😅

Posted by Mabel > 4 days ago | Report Abuse

New minor risk - Dividend sustainability
The company has an unstable dividend paying track record.

The dividend has had an annual drop of over 20% in the past.

Dividend yield: 1.7%

This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price.

Currently, the following risks have been identified for the company:

Minor Risks

Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.

Profit margins are more than 30% lower than last year (6.4% net profit margin).

Posted by Needluck > 4 days ago | Report Abuse

gogogo, slaughter all those who short!

Posted by Needluck > 4 days ago | Report Abuse

short side win again today....

Posted by mesoan > 3 days ago | Report Abuse

if economy pick up, will pchem have better margin? or will it still suffer, due to overcapacity in the region

Posted by Mohd ImranRafifi > 3 days ago | Report Abuse

Looks like 5.95 is its bottom price 🙂

Posted by andytfyap > 3 days ago | Report Abuse

Look like the fake of this counter is driven or pressed by EPF only.

Posted by andytfyap > 3 days ago | Report Abuse

it is similiar to what epf did to Takaful 2 years ago

Posted by furball > 2 days ago | Report Abuse

This counter is a long long long term holding counter. At below 6.00 it is a good business at fantastic price. Just like TNB below 9.00, Wesport below 3.50 and SIME below 2.20. Problem I am having now is no more fund to average down the cost of my current holding

Posted by andytfyap > 2 days ago | Report Abuse

But its current ROE is damn low, below 5%. I doubt myself now whether shall I switch to other counter which has double digit ROE.

Posted by James_Bond > 4 hours ago | Report Abuse

Expecting pchem to go lower as foreseeing next QR pchem not performing well due to plant shut down for maintenance and repair!

Posted by Diamond7 > 18 minutes ago | Report Abuse

Down again...
Oh dear!