EPF is doing the right thing. When the price of a stock is too high, they will sell it down to a more reasonable price. When EPF sells many different counters at the same time, they r actually doing it to reduce their market risk ahead of ..... whatever u want to call it ---> recession or market crash, etc. No need to agree with me.... stick to your own strategy is the best (unless u r beginning to doubt your own strategy).
TP must b given with a time frame like within next 3 months or next week, etc. otherwise it is useless. Without a specific time frame, a TP of RM12 will always b correct, e.g. if the price drop to RM8 next week but then slowly rise to RM12 by next year then we can't say that it is wrong when it drop to RM8.
What is there to give TP. Go check company's performance and if you feel will be a good stock & reasonable div then go buy place under pillow and sleep.Waiting for mango to ripen also will depend on the season etc.
Hi Titus, can share where you got this info for next quarter? I want to read up on it.
>>>> titus - report a decent profit. Next Quarter will soften according to the prospect. I guess i will wait if there is any correction. 25/02/2019 14:29
LOL.....Philip, u dun scared newbie leh. If drop to 3 ah....i really do like KLCI said....sell hse, sell car....but i wun be as extreme as him to sell the wife as well la.
It is from the QR report (Pg15). Or did i see the wrong quarter ....again.....
The utilisation of our production facilities is dependent on plant maintenance activities and sufficient availability of feedstock as well as utilities supply. The Group will continue with its operational excellence programme and supplier relationship management to sustain plant utilisation level at above industry benchmark.
Olefins and Derivatives The Group anticipates that the Olefins and Derivatives segment to soften in the coming quarter. This is in view of ample supply from South-East Asia, amidst a slowdown in downstream demand leading up to Chinese New Year holidays.
Fertilisers and Methanol The Group expects the Fertiliser and Methanol segment to be soft as supplies resume after plant turnarounds amidst lower demand in view of low downstream product prices.
titus...you did not see wrong quarter...that is for oct-december... then next quarter shall be MYR strengthen against USD Crude oil price strong
i wonder soften by how much?because july-september 2018 they also mentioned in the report
Olefins and Derivatives The Group anticipates that the Olefins and Derivatives segment to soften in the coming quarter. This is in view of ample supply from the Middle East and North-East Asia whilst slowing down of demand following regional planned turnarounds
Shinnzaii.....thanks for sharing. Yup, it did mention in last Q3 that it has soften as well. It is indeed true that MYR strengten and crude oil price strong is definitely benefit PCHEM.
Dear (S = Qr) Philip, That would be nice if it really drops to RM 3 although personally I don't think it will happen. Anyway, thanks for the reply.
----------------------------------------------------------------------------------------------------------------------------- (S = Qr) Philip Hi carry no boost, share price will drop to rm3. Epf is going to sell all their share according to risktransforner. Get out now while you still can! 25/02/2019 15:30
oh I just read on that one, I believe is just PCHEM management hedging and playing it safe, because of CNY period all plant shut down and thing slowing down in the next quarter. It is usual and can see from previous years.
Non-issue for long term investors. I don't invest based on quarter to quarter results anyway, I look at long term strength.
Apologies carry, if no one gets my joke, PCHEM is strong as ever. The dividend we will be looking at RM0.32 cents, up from 0.27 cents last year. Going up stronger than ever. Record high for dividend this quarter. I doubt you will see PCHEM below RM9 anytime soon.
Revenue is a record high also. 5 billion of revenue, that is almost 6 months of 2010 revenue. Impressive.
Long term hold, and wait till PIC comes out for the fireworks by end of the year.
Once I get my dividends of 18 cents, which will amound to almost 250K (before tax, admin fees, SST etc), you can guess where it is going.
i used to own PCHEM many years ago when it was just listed. bought at 5.50 and sold it few years later. pchem has since grown stronger and stronger. to be honest, have not been following them closely maybe it's worthwhile to revisit again. the only thing is currently i have exposures to lctitan.
Why remember Calvin Tan? dont even give a shit on him when considering this counter. Never read a post from him in making any decision here also. So why need to bow and remember him? lolz... We are all attracted to stability and sound yield. Been advocate this counter long also, travelled to their new Samur plant in Sipitang, Sabah as well. Good new and have not ramp up.
Hehehe..... when I think of Calvin Tan, I remember he recommended people to buy BJCORP a few years ago from 45 sen all the way down to 30 sen (he kept promoting that counter everyday)... and now the price of BJCORP is 27.5 sen.
No doubt on PETRONAS Chemical earnings and future growth. Superb profit margin and dividend. Parent company, Petronas is a fortune 500 company. Don't expect anything less.
Dear Mr Philip, Can share with us what will be the Pchemical prospects for the next 5 yrs . B) what are the challenges that will affect P Chemical C) is Titan Doing the same business as Pcheimcal N why PChemical is Better than Titan
Answer for A) Prospects = will be profitable and growing for next 5 years. For every 1 dollar, it is generating a return of 15 cents. (ROE) is magnificent for petrochemical industry. it has done this since IPO until now. B) it is in their financial annual report under market challenges and business risks. C) Yes, and NO. PCHEM does fertilizers, aromatics and many more. LCTITAN only concentrates on olefin derivatives. D) Because it has a net profit margin of 25%, versus LCTITAN which lost money last quarter (PBT) and has an average net profit margin of 12+%
Tqsm to all .i will keep a watch n collect more .i also observe EPF dispose off PChemical .. but we will not follow them..as I feel the business model n future is good
Hehehe.... EPF is simply answering mamatede's prayer to continue disposing a few million shares every other day. Looks like this will continue for a few more months.
Not easy for small fish like us to buy a alot like Phillip. But this few weeks are collecting funds to buy the dip if any. I presume there should be a spike before Ex- Dividend. Assume consistent dividend, anything below RM9 is attractive. Now that i see, EPF might need money cover other sector which badly hit such as Tenaga, Petdag maybe. My 50Cent
But having said that James Ng is right, next quarter revenue and net earnings will be down unlike last quarter. This is because the management has already guided to a "soft" coming quarter as explained.
I will be using my dividends to buy on the dip.
As the dividend and profits are good enough for me since beginning of the year till now to hold and wait. So far I have earned rm1 per share+ 18 cents incoming dividend.
Not bad for a few months research and work.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 380 views | 2 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 11754 views | 10 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
leno
6,145 posts
Posted by leno > 2019-02-22 15:02 | Report Abuse
net asset RM 3 ... selling at RM 9 .... MUAHAHAHAHAHAH
no wonder epf selling like no tomolo ... no ?