If buy below RM7.70 and hold for around 3 months will have almost 100% probability of winning big. Trade/invest at your own risk (no guarantee given for my statement about 100% winning big).
At one point the seller disappeared if you monitor closely, U can see the the sell volume is just minimal. Some one (1 player) is trying to manipulate the stock price. If about fundamental, then the stock shd have been corrected in the previous months but why now? Haha
Yup, exciting isn't it. Discount day. Am currently discussing for margin facility on PCHEM to purchase even more. Most likely will go on margin and purchase a huge block.
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Posted by KNM Sailang Margin All In > Jul 18, 2019 10:28 AM | Report Abuse
Hi sifu philip, any idea on the news report regarding glut that will affect pchem returns? Citibank is rating a sell and revised TP of 7.20
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The research house noted the de-rating was due to lower return on equity of 11% and weaker earnings uplift from the Refinery and Petrochemical Integrated Development (Rapid) expansion versus consensus.
It also said that PChem’s monoethylene glycol plant would be a key drag as it will be barely profitable due to massive glut, as well as weak China buying sentiment.
I have been averaging down by a huge amount so far, in the long run all I can say is PCHEM business will be OK. if it goes down to RM6 I will be getting 5% returns on dividends, 32 cents and growing dividends.
Just enjoy the discount day while it lasts. Chase now and not when the share price climbs to RM10
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lazycat this stupid pc ham zzz i bought 3 times , cut loss 3 times this year , luckily i don't play hero and keep avrg down 18/07/2019 9:58 AM
phillp , you're hero , i'm coward , i gotta protect my ass , if i average down 3 times instead of cut loss quick , i'll in deep red now , myb pc ham is just not for me, not ong me
7.65 done - see 7.67 & 7.70. They throw u all. EPF knew the news. 2-3 days trap ppl. Next week news come out.. ppl talk correction etc.. bla bla.. laugh n keep laughing non-stop de..
Citigroup downgraded pchem from neutral to sell & tp at 7.20 Morgan stanley has also revised tp for pchem to 7.5 Many more to come due to low earnings expected Recommended purchase price is any amount between 7.2 to 7.5, any amount above these prices are not hugely not recommended and invest at your own risk
B2. COMMENTARY ON PROSPECTS The results of the Group’s operations are expected to be primarily influenced by global economic conditions, foreign exchange rate movements, utilisation rate of our production facilities and petrochemical products prices which have a high correlation to crude oil price, particularly for the Olefins and Derivatives segment.
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 Olefins and Derivatives segment to remain comparable in the coming quarter. This is in view of sufficient supply, supported by stable end products demand with the upcoming festive season. Fertilisers and Methanol The Group expects that Fertiliser and Methanol segment to remain comparable as supply resumes after plant turnarounds coupled with existing demand from the end products segments. There are also two new methanolto-olefins plants expected to start up in the next quarter.
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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....
KNM Sailang Margin All In
2,613 posts
Posted by KNM Sailang Margin All In > 2019-07-18 10:28 | Report Abuse
philip lost just a few millions