Posted by x3sphere > 2020-03-09 11:35 | Report Abuse

Hopefully less than 4

Posted by Sslee > 2020-03-09 11:49 | Report Abuse

Haha calvintaneng,
Don't be like that. Need to support Philip. Philip in-law money is all in Pchem.

Posted by stockraider > 2020-03-09 11:49 | Report Abuse

Yes more than half of netx assets is cash mah...!!

Netx hold rm 34m net cash mah....!!

Posted by ahbah > Mar 9, 2020 11:46 AM | Report Abuse

Our Ah Jeep say cash is king.

No one can dispute that now !

Posted by bensonlam33222 > 2020-03-09 11:52 | Report Abuse

this stock can go very low because of the market cap of 36 billions .EPF can not support the share price.

Posted by stockraider > 2020-03-09 11:55 | Report Abuse

Who is better leh ??

Pchem Rm 4.61 v Lcttitan Rm 1.48 leh ?

Posted by Titan > 2020-03-09 11:56 | Report Abuse

very low means can go below 4? or 3.....or 2??........
petchem next 2 Q will be spectacular.....

Posted by Icon8888 > 2020-03-09 11:58 | Report Abuse

Wait for 3

Posted by calvintaneng > 2020-03-09 12:01 | Report Abuse

Already given intrinsic price at Rm3.20 before oil crash

Now if still can be supported at Rm2.50 you sorchai should be very lucky

Hmmm?

The horror of horrors?

Pestchem falls to Rm1.50?

That will be it's cash value

Posted by mobidick > 2020-03-09 12:03 | Report Abuse

No way pchem next 2q will be spectacular, there will be 1 methanol plant undergoing maintenance, the Pengerang also only starting to ramp up productions but we know market demand cannot absorb the surplus inventories. So how can pchem perform well FY20. Provided ofc oil price is lower now so cost is reduce but how far can the cost be offset when contracts are done several months back.

Posted by CUTLOST > 2020-03-09 12:03 | Report Abuse

Oppurtunity almost everyday becoz it's hit every day low.

Posted by investmalysia > 2020-03-09 12:06 | Report Abuse

I wonder where is Philip

Posted by stingray_ea > 2020-03-09 12:27 | Report Abuse

Another 100% accurate prediction from stingray_ea

================================

Stock: [PCHEM]: PETRONAS CHEMICALS GROUP BHD
Feb 26, 2020 2:15 PM | Report Abuse

die soon ???
================================

Posted by Outliar > 2020-03-09 12:32 | Report Abuse

I honestly think it would be a +ev move to sell all your stocks and go all in on PCHEM, not going to do it though obviously but still.

Posted by calvintaneng > 2020-03-09 12:44 | Report Abuse

Petchem may result will report Jan to March 2020 quarter sales. Right in the very center of coronavirus shutdown in Wuhan and others

How to expect good results ?

If earnings fall lower than 4 sen then market will rerate it downward

Petrol chemical business in Spore already collapsed

How petchem could compete?

Posted by mobidick > 2020-03-09 13:15 | Report Abuse

@Outliar, do it. I want to see. Good be your big break.

Posted by Choivo Capital > 2020-03-09 15:17 | Report Abuse

For Phillip, sell all to go in might make sense.

For me, honestly, for some reason SAPRNG looks very interesting now. Market cap less than 20% of the enterprise value. Banks are funding your bet (because this is nothing but a speculative punt). Would PNB allow SAPNRG to go down right after putting 8bil into the company?

====
Outliar I honestly think it would be a +ev move to sell all your stocks and go all in on PCHEM, not going to do it though obviously but still.
09/03/2020 12:32 PM

Posted by Choivo Capital > 2020-03-09 15:27 | Report Abuse

I wonder if its possible for RM3 anot. Wahhh i tell you, really delicious then.

Posted by Titan > 2020-03-09 16:34 | Report Abuse

Hmmm..if not mistaken,....PNB last time also put alot money into MAS right?.....

Posted by signalmw > 2020-03-09 16:41 | Report Abuse

Buy buy buy

Posted by Icon8888 > 2020-03-09 17:07 | Report Abuse

I hope you learn something today

Posted by stingray_ea > 2020-03-09 17:12 | Report Abuse

see carefully . candlestick start forming

Posted by stingray_ea > 2020-03-09 17:22 | Report Abuse

By fully understand candlestick, you can predict TOP and Bottom in advance.

Trust me. I did that many times. I gave FOC FOC FOC tips to all. Never never I hide. Open Nake For All.

Nothing special you can do it too. Dont let TA and FA tide your both hands...

Posted by DickyMe > 2020-03-09 17:24 | Report Abuse

Take the candle and shove in your rear!
Technicals does not work during market chaos.

Posted by stockraider > 2020-03-09 17:25 | Report Abuse

U think this call make by analyst Icon 888 ??

Petronas Chemicals Group - Price Wars Amid Depressed Demand
Author: AmInvest | Publish date: Mon, 9 Mar 2020, 5:15 PM

Investment Highlights
We downgrade our recommendation on Petronas Chemicals Group (PChem) to SELL from HOLD with a lower fair value of RM4.00/share (from RM6.10/share previously), pegged to an FY20F EV/EBITDA of 7.7x, which represents 2 standard deviations below its 3-year average of 8.8x.
We have halved our FY20F–FY22F earnings as we cut product price assumptions by 12% against the backdrop of declining crude oil prices exacerbated by Saudi Arabia offering substantive discounts on its key crude oil markets.
Management may only be able to cushion the price pressure to a limited extent with higher sales volume as PChem’s FY20F plant utilisation is expected to be higher than the 92% achieved in FY19 due to lower turnaround days, with only units in Gebeng and Labuan plants scheduled to undergo 30–40 day TAs in 1Q2020 and 3QFY20 respectively.
However, demand for olefin products has already been softened by the unresolved US-China trade war last year while the novel coronavirus pandemic disrupted supply chains in China since the beginning of this year which further depressed global economic growth prospects.
Following the failure of the meeting last week between Opec and its allies on additional production cuts to stabilise the oil markets, Saudi Arabia has launched an aggressive oil price war targeting its rivals after Russia refused to participate in the oil cartel. Newspaper sources indicate that Saudi Arabia will produce over 11mil barrels/day next month from 10mil barrels/day currently after the current production quota agreement lapses.
Saudi Arabia has already announced unprecedented discounts of almost 20% in key markets, apparently targeting Russia and the US shale industry as well as other higher cost producers. Hence we have lowered our 2020 crude oil price forecast to US$40– US$45 from US$60–US$65/barrel.
PChem is now trading at an all-time low P/BV of 1.5x since its listing in 2010. When Brent crude oil price fell 15% YoY to US$26/barrel in 2016, its P/BV average was still higher at 2.2x.
Amid petrochemical prices decreasing by 17% YoY, PChem’s FY16 net profit still rose 12% YoY to RM3.1bil due to higher sales volume underpinned by high plant utilisation rate of 96%, while benefiting from a 3-month time lag in inventory pricing. Back in 2016–2017, global economic growth prospects were still robust at 2.5%–3.1%.
Our economist’s 2020 global growth forecast of 2.8%–3% is likely to be revised lower given the current weak sentiments. Hence we believe the current oil price collapse will have a more adverse impact on PChem compared to 2016.
Following our earnings cut, PChem currently trades at a high FY20F EV/EBITDA of 15x vs. its 3-year average of 8.8x, while its dividend yields are unassuming at 2%.

Posted by moven00 > 2020-03-09 17:26 | Report Abuse

Maju lagi...Ole Ole Ole!

Posted by i3lurker > 2020-03-09 17:27 | Report Abuse

I believe EPF cannot support QL price also

wait and see

people will buy RM1.00 nasi lemak packets.
Family mart does not have this product, products there are all overpriced.
Customers for overpriced products have all disappeared.

Posted by stockraider > 2020-03-09 17:30 | Report Abuse

Why support when it is overvalue like the case of QL loh ??

QL should collapse soon loh....!!

Posted by i3lurker > Mar 9, 2020 5:27 PM | Report Abuse

I believe EPF cannot support QL price also

wait and see

people will buy RM1.00 nasi lemak packets.
Family mart does not have this product, products there are all overpriced.
Customers for overpriced products have all disappeared.

Posted by Icon8888 > 2020-03-09 17:36 | Report Abuse

one key take away from this case is that you should never buy into something you don't understand and assume you know all

Posted by qqq33333333 > 2020-03-09 17:37 | Report Abuse

Icon8888 > Mar 9, 2020 5:36 PM | Report Abuse

one key take away from this case is never buy into something you don't understand and assume you know all
======

traders can lah.......I bought and sold long long time ago..............lol..............

Posted by stockraider > 2020-03-09 17:38 | Report Abuse

but philip talk like an expert & look like very knowledgeable woh....!!

Posted by Icon8888 > Mar 9, 2020 5:36 PM | Report Abuse

one key take away from this case is that you should never buy into something you don't understand and assume you know all

Posted by Icon8888 > 2020-03-09 17:41 | Report Abuse

You different, You have not been intoxicated by ego

you know what you know what you don’t know

And you wear helmet when you cycle

So you are ok



Posted by qqq33333333 > Mar 9, 2020 5:37 PM | Report Abuse


traders can lah.......I bought and sold long long time ago..............lol..............

Posted by Icon8888 > 2020-03-09 17:42 | Report Abuse

apparently he is not ....

I hope he learn something today


Posted by stockraider > Mar 9, 2020 5:38 PM | Report Abuse

but philip talk like an expert & look like very knowledgeable woh....!!

Posted by Sslee > 2020-03-09 17:44 | Report Abuse

Haha
Ok this time wait at RM 3.00

Posted by Icon8888 > 2020-03-09 17:45 | Report Abuse

sslee the polanpah worshipped the wrong God

now he is paying dearly for it

Posted by KAQ4468 > 2020-03-09 17:45 | Report Abuse

2 ringgit lor

Posted by i3lurker > 2020-03-09 17:49 | Report Abuse

Phillip is busy counting his money after short selling this counter today

he will be back later to tell you how many millions he made today

Posted by qqq33333333 > 2020-03-09 17:50 | Report Abuse

Icon8888 > Mar 9, 2020 5:41 PM | Report Abuse

You different, You have not been intoxicated by ego
=======

its all about attitude....contrarian not bad also.........that is why I also do not always wear helmet when I cycle..........It depends. I very flexible one.

Posted by Sslee > 2020-03-09 17:52 | Report Abuse

Haha,
Icon8888 what to buy tomorrow?

Posted by Sslee > 2020-03-09 18:10 | Report Abuse

Qqq3 your Karim K-factor Kpower and Scib still paper gain or paper loss?

Posted by williamtkb > 2020-03-09 18:17 | Report Abuse

Tonight DJ turn. Tomorrow everyone be billionaire

Posted by freddiehero > 2020-03-09 18:19 | Report Abuse

wat? jackpot price coming ka?

Posted by icecool > 2020-03-09 19:21 | Report Abuse

pchem chart is a good example of drop until mother also dont recognize.

Posted by i3lurker > 2020-03-09 19:25 | Report Abuse

4.40 popped into my mind yesterday, I dun know why, maybe its the chart telling me the info....

but because I dun hold any Pchem shares, I cannot short sell easily

RSS and IDSS must make prior arrangements
and nowadays who has got the time, when markets are so volatile?

Posted by qqq33333333 > 2020-03-09 19:29 | Report Abuse

d by Sslee > Mar 9, 2020 6:10 PM | Report Abuse

Qqq3 your Karim K-factor Kpower and Scib still paper gain or paper loss?
=======

including all my previous realised gains, still a big big positive....


only on unrealised portion, already minus lah..........................

Posted by Sslee > 2020-03-09 19:37 | Report Abuse

Haha
Hand itching put 41 cents Hib also done. Tomorrow q at 11 cents.

Posted by Powersearch > 2020-03-09 19:45 | Report Abuse

Opportunity to buy st low price. Just wait for it

Posted by Fabien "The Efficient Capital Allocater" > 2020-03-09 20:28 | Report Abuse

if it ever drops to RM3. i will prematurely withdraw FD and buy

Posted by dlau8899 > 2020-03-09 20:36 | Report Abuse

Oversold. Good company with high dividend.

Posted by KAQ4468 > 2020-03-09 21:17 | Report Abuse

target RM3 only ???


Bursa drop another 300 points ...can get below 2 ringgit low ...kikikikikiki

Posted by KAQ4468 > 2020-03-09 21:18 | Report Abuse

52 Weeks Range: 4.40 - 9.49



give me another 50% discount


4.4 not syiokkkkkkk one