Posted by Jing Yong Lim > 2019-11-14 18:50 | Report Abuse

股价跌，买入就是了。。。。高见说不上...

毕竟整个行业表现都如此，需要时间整合...

不可逆势而为

Posted by Choivo Capital > 2019-11-14 19:22 | Report Abuse

Lol personally these result don't say much for me negatively, i'm still OK with my 2.5%.

Posted by Sslee > 2019-11-14 20:18 | Report Abuse

Hahahaha,
Pchem is definately not Heng Yuan look alike but sometime you cannot fight the preception or bad publicity and outlook on petrochemical as many people come to mind is plastic bad for enviornment and etc hence still waiting for more discount day to buy.

Posted by monetary > 2019-11-14 20:45 | Report Abuse

Segmental result for cumulative quarter:
Profit margin for olefin & derivative dropped from 24% (2018) to 15% (2019)
Profit margin for fertilizer dropped from 31% (2018) to 28% (2019)
What makes thing worse is 60% of its revenue is from olefin & derivative.

Posted by monetary > 2019-11-14 20:53 | Report Abuse

banking on olefin price turnaround. olefin price sluggish for more than a yr.

Posted by monetary > 2019-11-14 21:07 | Report Abuse

when will aromatic start contributing? perhaps aromatic is more stable in terms of pricing.

Posted by popo92 > 2019-11-14 22:19 | Report Abuse

I already have much exposure average below 7, so make little sense to average up at this price. I would love to wait for more discount day too... but i doubt those big institutional funds would dispose at even more depress bargain as PIC seems on track to complete any soon by now. They are already heading ahead, especially after they paid PIC a visit..... i would say the excitement experience is certainly different than looking on paper and figures..

Posted by Philip Greta > 2019-11-15 09:48 | Report Abuse

Why don't you stick to your lctitan buying whole driving with left hand on the wheel?

>>>>>>>>

Icon8888 Sabah sifu becomes Holland sifu
14/11/2019 6:10 PM

Posted by monetary > 2019-11-15 10:06 | Report Abuse

The major problem faced by Pchem is over dependant on olefin. This segmental margin dropped from 25% to 15% n dragged down the overall profit margin. V soon there will b more product varieties to boost margin. Pls read this article.
https://www.theedgemarkets.com/article/petronas-chemicals-spend-rm43b-capex-pengerang-projects

Posted by monetary > 2019-11-15 10:07 | Report Abuse

Some one compares Pchem to HY or Petronm. There r 2 major differences.
1. Product variety
Read the provided link.
2. Profit margin
The historical best rolling 4Q net margin for HY was 8.4% & 4.2% for Petronm. Both aren't sustainable. The rolling 4Q net margin for Pchem was consistently 25% until recently dropped to 20% due to over supply of olefin. Even the worst segmental margin (olefin) contributes 15% margin.
PIC, Integrated Aroma Ingredients Complex and the Highly Reactive Polyisobutene (HR-PIB) in Gebeng, Pahang will ensure Pchem profit margin sustainable in the increasingly competitive environment.
Besides, Pchem is cash rich. The above expansions r unlikely to cause significant hike in finance cost.

Posted by monetary > 2019-11-15 10:07 | Report Abuse

I just buy n forget.

Posted by Eric Pang > 2019-11-15 10:17 | Report Abuse

中美贸易谈判或陷僵局·​美股涨跌不一或陷僵局·​美股涨跌不一

（纽约15日讯）美中谈判或陷僵局，英国《金融时报》报道称中美可能难以敲定第一阶段贸易协议，中国正在想方设法延迟休战，降低了在未来几天达成最终协议的机会。纽约股市三大股指14日涨跌不一。

Posted by Philip Greta > 2019-11-15 10:17 | Report Abuse

Not to forget da Vinci acquisition, which does speciality chemicals for the beauty and skincare market.

If icon8888 thinks pchem is bad, then sell.

But if he can wait for a power plant to complete, why not wait for a chemical plant the size of 4 twin towers in steel? And enjoy 29 cents dividend since this year to buy more at discount prices?

Posted by pamaladu > 2019-11-15 11:13 | Report Abuse

https://www.brb-international.com/uploads/pages/brb-corporate-presentation-2018.pdf

Da Vinci will contribute roughly 3% to PCHEM revenue (based on Da Vinci's revenue of Eur135mil in 2016)

Posted by pamaladu > 2019-11-15 11:33 | Report Abuse

projected growth of Da Vinci is around 10% to 15%

Posted by monetary > 2019-11-15 12:03 | Report Abuse

is the 7.41 que genuine?

Posted by Aristocats > 2019-11-20 18:56 | Report Abuse

Oh

Posted by Aristocats > 2019-11-20 19:01 | Report Abuse

HLB Tp very stupid.

Posted by Chokhmah > 2019-11-20 21:48 | Report Abuse

this counter used to support KLCI one, does not know EPF still wants to use it to support or not

Posted by monetary > 2019-11-21 09:55 | Report Abuse

just hold. add if u have $. show time next yr.

Posted by t_nike2002 > 2019-11-21 11:03 | Report Abuse

Good time to collect... while dividend yield >4%

Posted by Titan > 2019-11-21 11:35 | Report Abuse

wondering will it drop back to below 7.....it drop to 6.50, then it will be a great christmas present.......hehe....

Posted by Aristocats > 2019-11-21 12:25 | Report Abuse

Omg,
No luck here.
I m going to Holland.
How come a national asset oso become shits???

Posted by Eric Pang > 2019-11-21 14:24 | Report Abuse

I think the net profit of this counter decrease almost 50% that cause disposing of this shares

Posted by RainT > 2019-11-21 15:32 | Report Abuse

buy when down below 7.00

Posted by RainT > 2019-11-21 15:33 | Report Abuse

there is more other counter that offer dividend yield higher than 5%

Posted by RainT > 2019-11-21 15:33 | Report Abuse

please go study 1st why recent qtr drop

Posted by Titan > 2019-11-21 16:25 | Report Abuse

wah...it did drop down to 7 ah?.....sui leh but i no Q to buy. I think starting tomorrow i put buy Q at 6.50 until it matches....lol.....

Posted by Junichiro > 2019-11-21 16:28 | Report Abuse

Posted by Junichiro > Nov 14, 2019 9:36 AM | Report Abuse X

a technical picture update

https://invst.ly/omp77

Target reached. But, I do not think the correction is over.

Posted by RainT > 2019-11-21 17:23 | Report Abuse

Tommorrow sure below 7.00

Posted by Midas57 > 2019-11-21 17:24 | Report Abuse

The mama kena sue by govt lor

Posted by monetary > 2019-11-21 18:23 | Report Abuse

aiya... why drop so fast? my $ not ready yet.

Posted by monetary > 2019-11-21 18:33 | Report Abuse

amanahraya n epf keep buying. who dispose? FF?

Posted by Aristocats > 2019-11-21 18:48 | Report Abuse

Can down to Rm5???
I fly to Holland oredy...
This is my biggest portfolio.
Bought at 7.70 ...
Mati Sekarang.

Thought national aset amat kukuh.
But national aset performance more like kukubird only, not kukuh.
Sad.
Really can't sleep well.
Shit, chemical stocks all lousy lah.

Have to wait for Rapid oso no use.
Who said Rapid project can up up this Chemical price???
This Chemical stock very risky lah.
No choice but to sit diam diam, and Wait for national a set to perform lah.

Cry with blood tears oso no use.
Very Sad.
:-((

Posted by Chokhmah > 2019-11-21 18:53 | Report Abuse

need to have money to hold and average down if you are interested in this counter...

Posted by monetary > 2019-11-21 19:09 | Report Abuse

Calm down. Now only olefin & ammonia contributing. Aromatic, specialty chemical & HR-Pib will come in next yr. These products will slowly replace olefin.

Posted by monetary > 2019-11-21 19:14 | Report Abuse

Pchem has no problem marketing HR-Pib. U heard of petronas synthium engine oil, right. Related party sale already provide a good market to Pchem.

Posted by monetary > 2019-11-21 19:18 | Report Abuse

2019 blue chips all play yo-yo only. No luck!

Posted by Titan > 2019-11-22 08:25 | Report Abuse

All product average price is not doing well due to lack of demand and also oversupplies. When rapid come online, more supplies pump into market??

Posted by i3lurker > 2019-11-22 08:30 | Report Abuse

Synthium ?

Some people been using palm oil for engine oil for years.
Some people claim using palm oil makes the engine last longer coz palm oil dun have many impurities.

palm oil lasts as long as normal engine oil

Posted by monetary > 2019-11-22 09:44 | Report Abuse

pls pour palm oil into your engine. kikiki.... joker.

Posted by monetary > 2019-11-22 09:47 | Report Abuse

oops. forgot to ask what car u r driving. probably LC HJ40 can run on palm oil.

Posted by Titan > 2019-11-22 11:45 | Report Abuse

Wonder how long can it sustain above RM7. EPF and Amanah is buying back aggressively recently. I guess to support the price and support the KLCI index. There should not be any surprises in the Q4 but management has informed in Q1'20, there will be TA for methanol plant. The Rapid will be commission but expected to have a minimum contribution to FY20 but depreciation will start to kick in.

Posted by Aristocats > 2019-11-23 11:08 | Report Abuse

i3lurker=== Synthium ?

Some people been using palm oil for years.
======

I am using palm oil or coconut oil mix with Shell lubrication oil for my old car: ratio 1 palm oil to 3 Shell Lubricant. That's 25% palm oil to 75% Shell lubricant.

It works wonderfully. No problems at all these years.
Who say silly? Someone here never try is the @#£% here.

New car of course, we can't do that trick.

Posted by monetary > 2019-11-23 13:37 | Report Abuse

Why can't do tat to new car? U can do that to any car. It's just a matter of engine performance. U put in good stuff u get good performance n vice versa. If u spent 200k for a tyt camrry & do some stupid trick to get the performance of a 20k kancil it's stupid.

Posted by monetary > 2019-11-23 13:39 | Report Abuse

Probably u short pchem yesterday got burnt so have to save cost by using coconut oil? Just delay your car service lar. Short again on Mon may b u have better luck.

Posted by Aristocats > 2019-11-23 16:30 | Report Abuse

U can't do it to your Camry, bcos it can't tolerate adjusted viscosity.

I use that blend to my old Proton & Kelisa.

Posted by Aristocats > 2019-11-23 16:47 | Report Abuse

Highly advance electronic control car engine, don't blend palm oil to your lubricant for your car engine usage.

Posted by Aristocats > 2019-11-23 16:53 | Report Abuse

Ok, let's talk abt Pchem... I reckon it will go below Rm7.
But don't know about the timing to go below Rm7, bcos I saw some big bidders are placing big buy at above Rm7.05
They wanted to defend price above Rm7, I guess.
Or else Pchem will surely go below Rm7 very soon.

Posted by Aristocats > 2019-11-23 17:08 | Report Abuse

monetary=== Probably u short pchem yesterday got burnt so have to save cost by using coconut oil? Just delay your car service lar. Short again on Mon may b u have better luck.
23/11/2019 1:39 PM
=====

I m only a small bilis. Usually, to have an effective shorting of shares, u need big amount of Rm. Big bankers or big fun manager s can do the shorting lah. Not me lah.

U r just kidding here for implying that I am shorting high price Pchem.
Hahaha...