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