i don't think epf buying back is not bcoz dividend ...since global market all failing, i don't think epf will waste the bullet by buying back to push it up to 1600.
Not the time to take advantage of the benefit of stock dividend. Company has fallen on hard times of bearish markets and will facing over supply for long time. After the ex-dividend date and funds will rush to sell them again right after....
No need stress la. If it makes u feel better, i'm holding at higher price than u but I haven bought all my allocation yet la. Looking good time to start to average down. ......and to make myself feel better, i will look at Philip.....oppsss......philip, dun scold me. Merely looking for consolation
haha, not much stress also just annoyed. Fundamentally pchem is quite solid, tmr exdate, so it will end up green. But surprising trump can casually announce new tariff just to get back at china tariff, as if no planning just do whatever his mood feel like. Always expect recession to start with big bang like bank collapse or something, never imagine recession cause by tweet.
Chokhmah, dun like that leh. I dun take pleasure in that. Just consolation that not only me bought at high price. On the other hand, Philip investment alone in Pchem is probably 10 times my entire portfolio. Mayb his dividend in pchem alone = to my pchem holding.....Philip probably laughing back on that......lol
What "knife fall"? Looks more like a basketball bounced up from the floor at RM6.80; it already broke above my predicted RM6.91 briefly (highest price this morning was RM6.92). Hope today can close above RM6.91 or somewhere near there plus/minus a few cents.
------------------------------------------------------------------ member41: 680.... buy or let knife fall 27/08/2019 9:33 AM ----------------------------------------------
@Kyou, there's no such thing as risk free in the stock market..... there is only less risk or more risk at different price level as well as different kinds of risks depending on your investment/trading method (or strategy).
Yes, if want to cut loss should have cut loss at higher prices like RM7.30 & above.... don't cut loss at historically lowest price like now. Now is the time to start buying.... not cutting.
As long as EPF/Citibank keep buying 1 or 2 million shares every other day, I am confident that the price will slowly move up back to RM7.00+ soon (and likely back to RM8.00+ after several months).
Chokhmah, i don't think counter will bankrupt. So i will monitor further and see if it consolidate, i will buy 1 more portion of my allocation to average down. Haven really decide the next entry point but i doubt it will go below 5......so i spread my 3 parts purchase accordingly. If it really goes down to rm5, either i cut loss or i see it go down and cry without tears loh.....oh wait....mayb if cutloss @5, when cry, will come out blood....
Today closed green (+8 sen) on high volume (8.8 million shares) is a very good technical sign.... hope this will lead to further up in price for at least a few more days.
So far I have received 29 cents in dividends from my initial investment in February, now at rm6.9, it will soon be reaching 5% dividend yield for a blue chip stock. Buying even more with my dividends and extra margin. With good revenue and stable net profits, strong cash position, PIC completion and davinci acquisition, saying PCHEM will go bankrupt is the exact term of buy when people are selling, sell when everyone is buying. Averaging down here while waiting for trade war to end is a huge balancing trigger. We need to thank trump for the opportunity to purchase more of a monopolistic company, and not shiver in fear when discounts are abound.
As usual plan after you the quarterly report comes out.
Philip, but the most worrisome part is the oversupply and reduce in demand. With the oversupply problem, ie; US & China petrochemical plant coming online, the output will be high. Also, the reduction of plastic usage will add salt to the wound. It might take many years to the demand to catch up. Is just like the steel counter. Local steel counter is suffering due to poor demand and over supply. Furthermore, with the Anta steel in production, it makes this worst. Hope you can share your opinion on this. Thanks.
Been saying wait Pchem at 7, now even break support , may have a small rebound , but still at downtrend . Tech stock just recovered better dont touch, wait it retrace first
Petrochemical cannot be sunset industry la. 90% of the daily item you use is coming from petrochemical. You wake up in the morning till you go to sleep, you are using products that using petrochemical. All the way from your shower gel, packing, automobile, clothing and even condom has petrochemical in it. How can be sunset leh? Now is really supply more than demand and demand also reduce la. It will takes time for demand to match the supply because it depends on human consumption ma. Human don't born overnight. It takes 9 months and then after come out, you lifelong will be dependent on the petrochemical product and it evolves as you grow. So, it will be slow for the human population to increase but the increase is definite.
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Posted by titus > 2019-08-26 15:42 | Report Abuse
i don't think epf buying back is not bcoz dividend ...since global market all failing, i don't think epf will waste the bullet by buying back to push it up to 1600.