Posted by Mabel > 2 weeks ago | Report Abuse

Hahaha it has been a productive Friday…

Lady Sapnrg is on target to submit Regulation Plan, todays she purrr and climb 14.29%

Yinson FPSO Maria Quiteria arrived in Brazil, today she purrs and climb 7.2%

PETRONAS Chemicals registers higher net profit of RM777mil in 2Q, declares 10c div/share. Today she purrs and climbs 6.23%

Sheikh Mabel is very apy today. Well done to all our 3 National Treasures!!!.

To Our Success !

Meow Meow Meow

Posted by Mabel > 2 weeks ago | Report Abuse

Second quarter 2024 earnings released: EPS: RM0.097 (vs RM0.079 in 2Q 2023)

Second quarter 2024 results:
EPS: RM0.097 (up from RM0.079 in 2Q 2023).
Revenue: RM7.73b (up 8.6% from 2Q 2023).
Net income: RM777.0m (up 24% from 2Q 2023).
Profit margin: 10% (up from 8.8% in 2Q 2023). The increase in margin was driven by higher revenue.

Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Chemicals industry in Malaysia.

Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.

Posted by Michael Kwok > 2 weeks ago | Report Abuse

Petronas chemical 5.63
Sell on strength after rm 6.
Dun think will last long the upward.will put below rm 5 then accumulate bigger amount of shares.
18/8/24 11.28pm

Posted by Sslee > 2 weeks ago | Report Abuse

Market Cap: 44,640 Million
NOSH: 8,000 Million
Avg Volume (4 weeks): 4,810,035
4 Weeks Range: 5.28 - 6.14
52 Weeks Range: 5.28 - 7.65

4 weeks and 52 weeks low is 5.28.
Will it drop below 5.28?

Posted by Sslee > 2 weeks ago | Report Abuse

Once PIC (Pengerang Integrated Complex) in operation with negative margin spread of naphtha feedstock-ethylene derivative and finance cost cannot be capitalized and huge depreciation cost come in plus if ringgit strengtening against USD then next quarter result will be ugly.

Posted by godhand > 2 weeks ago | Report Abuse

Posted by Sslee > 25 minutes ago | Report Abuse

Once PIC (Pengerang Integrated Complex) in operation with negative margin spread of naphtha feedstock-ethylene derivative and finance cost cannot be capitalized and huge depreciation cost come in plus if ringgit strengtening against USD then next quarter result will be ugly.

yes. u are very right the following quarter will look horrible. if im right its not going to be in operation ethylene propylene are in excess. they are lucky if profit is not in negative territory

Posted by UnicornP > 2 weeks ago | Report Abuse

Oil price will fall, so it will not be good for Pchem. However, make sure you come back when oil stocks like Perdana or Sealink have erased all the gains pass one year.

Posted by EDwarrior > 2 weeks ago | Report Abuse

Drop again ... so hard

Posted by HafizAjiad98 > 2 weeks ago | Report Abuse

Kenapa tiba-tiba terjunam ... 😥

Posted by yeinemesis > 2 weeks ago | Report Abuse

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

Posted by Plantermen > 2 weeks ago | Report Abuse

Friday full of hope. Today exactly the reverse

Posted by godhand > 2 weeks ago | Report Abuse

but again ss lee the correct approach is not to value a company based on the current situation now especially a cyclical one like this but to access the competitive edge it has over china albeit a very slim one.

Posted by Mohd ImranRafifi > 1 week ago | Report Abuse

Outlook On Petronas Chemicals Remains Gloomy After Further Declines In Q2 🙁
https://www.businesstoday.com.my/2024/08/19/outlook-on-petronas-chemicals-remains-gloomy-after-further-declines-in-q2/

Posted by Ahlian > 1 week ago | Report Abuse

Looking forward for better result for next Quarter.

Posted by Sslee > 1 week ago | Report Abuse

The decrease in profitability is partly attributed to sluggish polymer prices and weak product spreads. Polymer prices for HDPE, LDPE, and LLDPE remained flat during the third quarter to date, mirroring the trends observed in 2Q24. Additionally, the prices for urea and methanol showed minimal change, ranging from 0% to -3%. These trends suggest that the third quarter could also be disappointing, as product spreads continue to struggle.

PCG is aiming for the commercial operations date (COD) of its Pengerang facility in 3Q24. This development is expected to significantly impact the company’s financials, with anticipated annual depreciation and interest expenses of RM400 million and RM200 million respectively. The Pengerang Complex, a 50% joint venture unit, is currently operating at an EBITDA loss due to thin polymer-naphtha spreads, which are less than USD350 per metric tonne. This unit is projected to remain loss-making for the next three years, making the COD a key de-rating factor for the company.

Despite these challenges, analyst maintains a SELL rating on Petronas Chemicals with a revised target price of RM4.18, down from the previous RM5.05. The target price reduction reflects a lower target price-to-earnings ratio (PER) of 15x, adjusting to -0.5 standard deviation from the company’s seven-year average. The gloomy outlook for polymer prices and the challenging operational environment have prompted this cautious stance.

Posted by Sslee > 1 week ago | Report Abuse

Posted by Ahlian > Aug 20, 2024 8:24 AM | Report Abuse
Looking forward for better result for next Quarter

By what is planned for major plant turn-around, Pengerang complex full operation 3QCY24 and forward products price outlook will next 2 quarters be a better result??

The key takeaways from PCHEM’s analyst briefing are as follows:

1. The ASEAN Bintulu fertiliser plant went offline unexpectedly in May 2024, but had since returned to normal operations. The group is planning a major plant turn-around for this facility in 4QCY24.

2. The PC Ethylene and Polyethylene Kertih plants will undergo statutory turnaround in 3QFY24, which will affect plant utilisation for the O&D division.

3. The Pengerang complex, co-owned by PCHEM and Saudi Aramco, is targeted to achieve full operations by 3QCY24. This could negatively impact the group’s bottom line as it will begin recognising finance and depreciation costs.

Posted by Balian de Ibelin > 1 week ago | Report Abuse

yes
must force Elon to use plastic like those USD21 million sports car with plastic encased carbon fibre rather than stainless steel.

also everyone that uses a plastic bag at supermarket gets a RM1.00 free money, no questions asked.

Posted by Leesa688 > 1 week ago | Report Abuse

IPO price is 5.04. Can it go below that?

Posted by Leesa688 > 1 week ago | Report Abuse

Saw this update. EPS is expected to grow by 55% over the next 3 years,

First half dividend of RM0.10 announced
Shareholders will receive a dividend of RM0.10.
Ex-date: 30th August 2024
Payment date: 12th September 2024
Dividend yield will be 2.7%, which is lower than the industry average of 3.2%.
Sustainability & Growth

Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (46% cash payout ratio).
The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments.
EPS is expected to grow by 55% over the next 3 years, which should provide support to the dividend and adequate earnings cover.

Posted by Amazonboy > 1 week ago | Report Abuse

This counter got a lot of support...wont be so easy to buy cheaper....even EPF average price is higher

Posted by Jonathan Keung > 1 week ago | Report Abuse

Sit tight and wait for the next up circle ... Petrol chemicals have their ups and down. Their business are cyclical in nature

Posted by kvlam1010 > 1 week ago | Report Abuse

This counter got a lot of support...wont be so easy to buy cheaper....even EPF average price is higher

You are right, I am absolutely agree with you.

Posted by Ahlian > 1 week ago | Report Abuse

PCHEM this counter is blue chip. The sell down From 7 in May 24 has been reflected in the report card. Any result or news which is better than the forecast will reflect the share prices movement. Looking ahead the recovery to sustain through till next year. With all the negative news surrounding for now. Most of those need to sell already sell. Looking forward better quarter ahead.

Posted by klee > 1 week ago | Report Abuse

SAPU

Posted by Mohd ImranRafifi > 1 week ago | Report Abuse

Great surge today. Congratulation to those who bought a lot when the price was 5.30 ~ 5.40

Posted by Jonathan Keung > 1 week ago | Report Abuse

Pchem really makes the doom sayers eat their words. Cheers

Posted by Sslee > 1 week ago | Report Abuse

Wait for next 2 bad quarters result and see how Mr.Market will react.

Posted by Jonathan Keung > 1 week ago | Report Abuse

Everyday we have a bull vs a bear in the market. Mr Bull is always fighting with Mr Bear day in day out..what's important we can "cari.makam". Cheers bro

Posted by Ahlian > 1 week ago | Report Abuse

Today the Bull is in charge. IF the trend is strong enough to turn the course moving north again.

Posted by Plantermen > 1 week ago | Report Abuse

institutional investors waiting for signals from Jerome Powell address at Jackson Hole sympoism later today

Posted by Mohd ImranRafifi > 1 week ago | Report Abuse

Pchem will back to RM6 and above next week 😊

Posted by Mabel > 1 week ago | Report Abuse

Meow Meow Meow

Posted by Jonathan Keung > 1 week ago | Report Abuse

Pchem chippy ride. Traded
today's low at 5.66 managed
to claw back at 5.72 level. Still below TP 5.90 latest target price by Aminvest

Posted by Mohd ImranRafifi > 6 days ago | Report Abuse

Strong momentum continues

Posted by bullrun168 > 5 days ago | Report Abuse

Walaoeh, what happend ?
Super damn hot man Pchem today !
Now Pchem was traded at @RM6.08 (+0.26) (+4.47 %)
Heng ah, Ong ah, Huat ah !

Posted by Plantermen > 5 days ago | Report Abuse

The bull is in control. Only now starting the engine

Posted by Jonathan Keung > 5 days ago | Report Abuse

To hit the CI above 1700 points. Concentrate on the banks and group of PETRONAS .other counters will follow catch up. Cheers

Posted by Mabel > 5 days ago | Report Abuse

PCHEM so Power!!!!

Posted by Plantermen > 5 days ago | Report Abuse

Rakutrade forecast 1730+ for Malaysia CI

Posted by yeinemesis > 5 days ago | Report Abuse

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

Posted by yeinemesis > 5 days ago | Report Abuse

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.

Posted by Michael Kwok > 5 days ago | Report Abuse

Wah,it reach.bad market 5-8 percent profit look good.please read.
28/8/24 6.28pm

Petronas chemical 5.63
Sell on strength after rm 6.
Dun think will last long the upward.will put below rm 5 then accumulate bigger amount of shares.
18/8/24 11.28pm

Posted by Zrenxy > 4 days ago | Report Abuse

Pchem is worth rm8.50

Posted by Plantermen > 4 days ago | Report Abuse

Without prejudice. FDI making a play for our banking stocks and other heavyweights. CI link Glic move up but others sort of lack lustre. Remember Fortune 500 { global } Petronas group is Malaysia sole representative. Not a buy call but partly explained why FDI prefers quality grade companies

Posted by yeinemesis > 4 days ago | Report Abuse

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.

Posted by Amazonboy > 3 days ago | Report Abuse

Make money run... buy lower later...their next Qr problem...Lol

Posted by mushimushi > 3 days ago | Report Abuse

Sarawak actively flying solo
https://www.utusanborneo.com.my/2024/08/30/sabc-lantik-abang-johari-sebagai-penaung

Fast forward 10-15 years from today, I doubt that Sarawak is still part of Malaysia. All the writings are already on the wall. If Putrajaya still can't see it, that's too bad.

I don't think what's happening in Sarawak today is something out of the blue, Malaysia is basically in and out of crisis ever since 1997-98, this provider countless opening and opportunities.

Putrajaya need a new agreement with Sabah and Sarawak in order to prevent the unthinkable, otherwise if they broke away from Malaysia one day, it will spell disaster for the country.

Posted by Mohd ImranRafifi > 3 days ago | Report Abuse

Then you need to know what its low price is now, Amazonboy

Posted by targetinvest > 2 days ago | Report Abuse

Lctitan, Pchem competitor
Will Petronas take lctitan under it's roof?

https://klse.i3investor.com/web/blog/detail/targetinvest/2024-08-31-story-h468114111-I_INVESTED_IN_LCTITAN_FOR_5_REASONS_AND_THE_LAST_REASON_JUST_GAVE_MY_INV

Posted by Plantermen > 1 day ago | Report Abuse

Unless LCtitan fire sale.