Posted by mf > 4 weeks ago | Report Abuse

Dow Jones

Dow Jones Industrial Average

40,345.41

-410.34

1.00%

Nasdaq

NASDAQ Composite

16,690.83

-436.82

2.55%

Posted by Plantermen > 3 weeks ago | Report Abuse

Without prejudice. The 2 Borneo states of Sabah & Sarawak is now the king maker. Whoever is in the Putrajaya hot seat needs their support

Posted by yeinemesis > 3 weeks ago | Report Abuse

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

Posted by Babayaga > 3 weeks ago | Report Abuse

so nice .... absolving all local sarawak parties in helping umno loot the state and fill their own pockets . who kept BN in power?

Posted by HafizAjiad98 > 3 weeks ago | Report Abuse

Petronas terlalu besar dan Sarawak boleh 'menghisap' byk keuntungan dari mereka 😁

Posted by Mohd ImranRafifi > 3 weeks ago | Report Abuse

Don't ever dream Parliament of Malaysia will approve Sarawak leaving Malaysia

Posted by mf > 3 weeks ago | Report Abuse

Dow Jones

Dow Jones Industrial Average

40,295.87

-441.09

1.08%

Posted by Jonathan Keung > 3 weeks ago | Report Abuse

My own view on Sarawak State will continue to seek more autonomy and indigenous stand with Sabah. The question of the 2 Borneo states departing from the Federation is not on the table. Things have changed unlike the early days of Malaysia formation in the early 50's after the Cobbard commission inquiry on the entry of the Borneo states into then Malaya. Brunei opted out and with Singapore the island state departed after 4 years. We are celebrating 67 years of Malaysia independence . Things and ties have cemented between the Federation and the 2 Borneo states. Although the Federation and the 2 Borneo states each have divergent views and different outlook &l views on their people aspiration, religion , custom , cultural and most important family ties.

Posted by Sslee > 3 weeks ago | Report Abuse

Malaysia is a rudderless ship, no one know where the ship is headed to.

Hope one day a good captain will come onboard to steer the ship to unity and prosperity.

Posted by EngineeringProfit > 3 weeks ago | Report Abuse

The spiraling down phenomenon where the poor vote for religious promises of a heavenly afterlife while the government exploits them by keeping them poor and uneducated is a deeply concerning cycle. Breaking this cycle requires a concerted effort to promote education, critical thinking, and economic opportunity, coupled with political reform that ensures transparency and accountability. By addressing the root causes of poverty and promoting intellectual and economic empowerment, society can move towards a more equitable and progressive future.

Posted by Sslee > 2 weeks ago | Report Abuse

Very bad quarter coming.
Receivables, sales and foreign assets in USD so with stronger MYR next quarter will see big lose in foreign exchange.

Posted by Mabel > 1 week ago | Report Abuse

Sslee Very bad quarter coming.
Receivables, sales and foreign assets in USD so with stronger MYR next quarter will see big lose in foreign exchange.
21/09/2024 10:41 PM

Thanks for the head up Handsome sslee.

it's all about position sizing...

To Our Success !

Meow

Posted by Mohd ImranRafifi > 1 week ago | Report Abuse

I think the market has priced in those already

Posted by Plantermen > 1 week ago | Report Abuse

One more week come Oct 1. Most probably Sarawak State and Petronas will come into an arrangement and agreement on the business of distribution, exploration and rights

Posted by HengyuanZai > 1 week ago | Report Abuse

U must be bodoh enough to thin sarawak will leave Malaysia... XD

Posted by HengyuanZai > 1 week ago | Report Abuse

With only 3m population and huge land it's impossible to develop without the help of penisular . Even if u have so much oil the demand is not there for them to extract etc. they have to BUY all of PETRONAS assets

Posted by HengyuanZai > 1 week ago | Report Abuse

Anwar WILL help to develop Sarawak in exchange of Oil . That's the win win situation !

Posted by HengyuanZai > 1 week ago | Report Abuse

Brunei and Singapore are small countries . Sarawak so big and widespread . U no common sense ? Btw if u wanna scare off Pchem holders and buy quietly. It's not working lol

Posted by HengyuanZai > 1 week ago | Report Abuse

2016 calling Maybank GG at price of RM 8, and it went up all the way to RM 11.. u seem bodoh xD...

Posted by HengyuanZai > 1 week ago | Report Abuse

Don't worry after Oct 1st u will disappear from pchem.. xD

Posted by HengyuanZai > 1 week ago | Report Abuse

To be treated fairly is to get thing in exchange and Sarawak will get a huge development project. Buy Sarawak related stocks !

Posted by HengyuanZai > 1 week ago | Report Abuse

Small brain is you.. following the news blindly xD . Come on common sense those are just assets and can't generate money short term . Even long term with oil price at 70 USD NOONE wants your oil now because supply more than demand.. learn the basic , I know u have pchem too so no need to scare off people here

Posted by HengyuanZai > 1 week ago | Report Abuse

Btw where's genting rocket soon? U doing ok?

Posted by HengyuanZai > 1 week ago | Report Abuse

Okok u win

Posted by abcb > 1 week ago | Report Abuse

Buy and keep for 3 months.TP6.95

Posted by Jonathan Keung > 1 week ago | Report Abuse

We all are small fry. A few words in this forum wont change the price . Mr market knows better especially for big cap stocks

Posted by Jonathan Keung > 1 week ago | Report Abuse

abcd. Yes I hope too

Posted by HengyuanZai > 1 week ago | Report Abuse

Why mushimushi remove the post..

Posted by mushimushi > 1 week ago | Report Abuse

Petronas and Sarawak already shook hands.

Posted by HengyuanZai > 1 week ago | Report Abuse

https://www.google.com/amp/s/www.malaymail.com/amp/news/malaysia/2024/09/24/no-legal-battles-ahead-petronas-not-taking-action-against-sarawak-or-petros-says-premiers-office/151515

Posted by HengyuanZai > 1 week ago | Report Abuse

Eh dun like that la.. haven't october 1 ..

Posted by HengyuanZai > 1 week ago | Report Abuse

Anyways.. upcoming budget 2025.. Sarawak beneficial.. grab your Sarawak stocks.. cmsb , etc

Posted by abcb > 1 week ago | Report Abuse

TP 6.93 by year-end of 2024,next year 8.00 to 9.00

Posted by abcb > 1 week ago | Report Abuse

Right times to accumulate

Posted by abcb > 1 week ago | Report Abuse

Short term 6.00

Posted by abcb > 1 week ago | Report Abuse

Still very cheap to buy at 5.80

Posted by Plantermen > 1 week ago | Report Abuse

Unable to sustain the sudden hike in prices. upward momentum still intact. Will be good for PChem if last minute push uo

Posted by Mabel > 1 week ago | Report Abuse

Yesterday some Uncles matched Mabel's selling price at 50% Holding at RM 5.80...

Today collect back RM 5.62

Posted by HengyuanZai > 1 week ago | Report Abuse

hi guys do u know who are Pchem major customers?

Posted by Mabel > 1 week ago | Report Abuse

PETRONAS Chemicals Group Berhad (PChem) serves a diverse range of customers across various industries. Some of their major customers include companies in the automotive, construction, agriculture, and consumer goods sectors. They supply essential chemicals like olefins, polymers, fertilizers, and methanol, which are used in manufacturing products ranging from plastics and synthetic rubber to fertilizers and industrial chemicals.

https://www.petronas.com/pcg/

Posted by Mabel > 1 week ago | Report Abuse

https://markets.ft.com/data/equities/tearsheet/profile?s=PCHEM:KLS

Posted by mushimushi > 5 days ago | Report Abuse

Petronas will likely get short end of the stick and take a big hair cut after PetroS take over Sarawak operation. Near term not looking good. I think the market also expecting this with big cut on pchem target price. Epf also continuously selling.

Posted by Mabel > 4 days ago | Report Abuse

KLCI Biggest Mover today are the Commodities. Well done PCHEM and KLK Plantation!

Posted by Mabel > 4 days ago | Report Abuse

Back to RM 5.80...

Posted by mushimushi > 3 days ago | Report Abuse

United States and Israel are trying to fool the world with their children logics to justify their actions in the middle east. The emperor is naked, and the world is witnessing this naked emperor walking around giving speeches for the last 25 years. The world can do nothing about their atrocities because of their possessions of thousands of nuclear weapons. They are delusional and talks like a drunken fool. If they continues to move forward with their war plans, I think nuclear war is imminent. Israel PM Nethanyahu is Hitler.

Posted by Mabel > 3 days ago | Report Abuse

The strength of the RM is on an uptrend based on the technical chart. It looks like the appreciation of the RM is too fast and too soon, which may cause more problems for exporters to do business.

I strongly believe it would be beneficial for BNM to reduce the interest rate by 25 basis points to moderate the strength of the RM. A gradual appreciation of the RM would give businesses enough time to adjust to this new phenomenon.

There are many advantages to reducing the interest rate by 25 basis points. Loan borrowers would have lower installments to pay, freeing up extra money that can be used to invest in property, the stock market, buy cars, etc. This extra spending would improve the Malaysian economy and further boost GDP.

I hope BNM will reduce the interest rate by 25 basis points soon, as it would help the KLSE to perform better.

Singapore has a unique approach to managing its currency appreciation. The Monetary Authority of Singapore (MAS) primarily uses the exchange rate as its main monetary policy tool, rather than adjusting interest rates like many other central banks. Here are some key strategies they employ:

MAS manages the Singapore Dollar Nominal Effective Exchange Rate (S$NEER), which is pegged to a basket of currencies from Singapore’s major trading partners. By adjusting the slope, width, and midpoint of this policy band, MAS can influence the appreciation or depreciation of the Singapore dollar.

During periods of high inflation or economic recovery, MAS may allow the Singapore dollar to appreciate to control inflation. Conversely, during economic downturns, they might ease the policy to stimulate growth.

MAS often makes gradual adjustments to the policy band to avoid sudden shocks to the economy. This helps businesses and consumers adjust more smoothly to changes in the currency’s value.

By using these methods, Singapore aims to maintain price stability and support sustainable economic growth, balancing the needs of exporters and the broader economy.

Posted by Mabel > 3 days ago | Report Abuse

Petronas Chemicals Group Berhad (PCHEM) did experience forex losses in their latest financial results. Specifically, in the first half of FY2024, PCHEM reported an unrealized forex loss of RM200 million due to the USD-denominated shareholders’ loan for the Pengerang Integrated Complex (PIC). This was a significant factor impacting their financial performance.

https://klse.i3investor.com/web/blog/detail/kenangaresearch/2024-08-19...

Posted by Mabel > 3 days ago | Report Abuse

A good example is Sapnrg Q2 Result recently.

The Groups have to make provision for Foreign exchange loss despite great progress. The Group reported a loss after tax and minority interests (“LATAMI”) of RM5 million in Q2 FY2025, compared to RM43 million of profit after tax and minority interest (“PATAMI”) in the corresponding quarter of the previous year (“Q2 FY2024”). Foreign exchange losses totalling RM101 million, primarily due to the depreciation of the US dollar against the ringgit, weighed heavily on the Group's results. Excluding the effect of foreign exchange losses, the Group’s Q2 FY2025 adjusted PATAMI is RM96 million.

Posted by Mohd ImranRafifi > 3 days ago | Report Abuse

Great job, Petchem
https://www.businesstoday.com.my/2024/10/01/petronas-chemicals-lifts-bursa-malaysia-a-welcome-return-to-positive-territory/

Posted by bullrun168 > 2 days ago | Report Abuse

Oil jumps over $3 a barrel as Middle East conflict stokes supply worry
By Georgina Mccartney
October 4, 2024 3:14 AM GMT+8
Reuter

HOUSTON, Oct 3 (Reuters) - Oil prices surged on Thursday as concerns mounted that a widening regional conflict in the Middle East could disrupt global crude flows.
Brent crude futures settled up $3.72, or 5.03%, at $77.62 a barrel. U.S. West Texas Intermediate (WTI) crude futures settled up $3.61, or 5.15%, to $73.71.
Brent futures reached an intraday high of $77.89 per barrel, while WTI futures peaked at $73.97 per barrel, both hitting one-month highs.