Posted by investortrader88 > 2020-08-03 15:16 | Report Abuse

top up some just now.good luck everyone.

Posted by Mabel > 2020-08-03 22:08 | Report Abuse

Me Too...

My Queue was matched...

Thanks for selling...

Posted by cheyenne > 2020-08-04 11:01 | Report Abuse

Buy, Buy Buy.

Posted by Nepo > 2020-08-04 18:53 | Report Abuse

I wait below RM 5, don't know possible or not..

Posted by investortrader88 > 2020-08-04 20:07 | Report Abuse

@Nepo.just queue bro.who knows you can get.i also slowly top up if it really go down to RM 5.recently saw asb keeo buying in big volume if not this share price might fall much lower.especially afternoon time.i suspect foreign fund selling.

Posted by Nepo > 2020-08-04 20:38 | Report Abuse

@88, good suggestion, will try on it

Posted by BursaFly > 2020-08-04 23:31 | Report Abuse

Technical view is down trend, support RM 5.68, resistance RM 6.21

Posted by BursaFly > 2020-08-05 10:24 | Report Abuse

5.8 will break soon, then retest it's support 5.68

Posted by genghis > 2020-08-05 11:05 | Report Abuse

down trend.not a good year.q 5.5

Posted by mobidick > 2020-08-05 11:47 | Report Abuse

Methanol exports down by 70% as stated in dosm report. With pengerang offline and methanol volume sold hit hard, can expect pchem to be underperforming for the rest of the year. Can see pchem shed back almost all the gains since march at 5 or below.

Posted by BursaFly > 2020-08-05 13:54 | Report Abuse

mobidick, yes it's down trend, so far no any strong support after break 6, today will test 5.68, if can't hold, then go to 5

Posted by Titan > 2020-08-05 14:21 | Report Abuse

support is at 5.7 and next is 5.5......will it break this 2 support? I'm waiting at 5.........come to papa...hehe

Posted by BursaFly > 2020-08-05 14:47 | Report Abuse

Soon will test 5.68 today, hope can hold this line

Posted by BursaFly > 2020-08-05 16:39 | Report Abuse

Wow, amazing from 1633 until now, suddenly strong buyer appear!

Posted by investpeople > 2020-08-05 16:44 | Report Abuse

Last year August 2019, there was dividend of 11sen. Do you think that we would get dividend in August 2020 ?

Posted by tlchiat > 2020-08-05 22:29 | Report Abuse

Hi Phillip,
Can you kindly add me to your chat group? I would like to learn from you. The opportunity would mean a lot to me.

Regards,
tlchiat

Posted by Titan > 2020-08-06 16:23 | Report Abuse

Is PChem 1 of the subsidary mentioned here??

Petronas commits to RM1.3b in sales tax arrears to Sarawak!!!!
"Assistant Minister of Law, State-Federal Relations and Project Monitoring Datuk Sharifah Hasidah Sayeed Aman Ghazali said the subsidiaries, including Petronas Carigali Sdn Bhd, are directly involved in the sale of petroleum products in Sarawak.

“These subsidiaries, identified by Petronas, are in the process of being registered with the Comptroller of SST as taxable persons who would be liable for payment of SST to the state government,” she said in a statement."

Posted by blood7 > 2020-08-13 00:17 | Report Abuse

interesting article for o&g and petrochemical companies investors.....

https://www.cnbc.com/2020/08/12/oil-how-the-coronavirus-is-debunking-myths-of-the-energy-industry.html

Posted by Devilsadvocatee > 2020-08-13 16:25 | Report Abuse

@Titan I am not very sure but based on my research - pchem's only operation in Sarawak is producing urea and ammonia in Bintulu. Anyway, it seems petronas carigali sb is owned directly under Petroliam Nasional Berhad.

Posted by Devilsadvocatee > 2020-08-13 16:30 | Report Abuse

PETRONAS Carigali Sdn Bhd (PETRONAS Carigali), a wholly-owned subsidiary of PETRONAS.

from: https://www.petronas.com/media/press-release/petronas-awards-two-offshore-blocks-peninsular-malaysia

Posted by howgan > 2020-08-15 15:07 | Report Abuse

From MACD short terms, EMA 9 crossover EMA26 indicated a bit room for increase. In middle terms, PCHEM still in downtrend.

Posted by investortrader88 > 2020-08-17 16:45 | Report Abuse

everyone huat ahhghhh. !

Posted by shareprofit > 2020-08-18 23:34 | Report Abuse

hoping for huge divident tmrw...you know la...govt need money ma

Posted by AnaiAnai > 2020-08-19 13:36 | Report Abuse

QR out. lowest profit with 186mil only. better run for your life.

Posted by EatCoconutCanWin > 2020-08-19 13:46 | Report Abuse

hooolllly shit... malaysia really going to be high debt...

Posted by investortrader88 > 2020-08-19 19:42 | Report Abuse

https://www.theedgemarkets.com/article/petronas-chemicals-2q-net-profit-slumps-declares-5-sen-dividend

Posted by satt1984 > 2020-08-19 22:26 | Report Abuse

yeah 5cent divident..i hold u for more than 5years jz becoz of divident but i will lose money becoz continue holding

Posted by investortrader88 > 2020-08-20 08:10 | Report Abuse

https://www.theedgemarkets.com/article/aminvestment-bank-maintains-buy-petchem

Posted by AnaiAnai > 2020-08-20 12:11 | Report Abuse

IB said buy. then buy at discount with safety margin not buy at premium. Wait for rm5. Can?

Profit drop from 1.12bil to 0.18bil show the margin squeeze like hell. Price has to adjust downward. wait at lower is safer. 5sen dividend is nothing if price can drop rm1.

Posted by DreamKaiser > 2020-08-21 03:33 | Report Abuse

waah

Posted by DreamKaiser > 2020-08-21 03:33 | Report Abuse

186 mil profit for q2

Posted by DreamKaiser > 2020-08-21 03:33 | Report Abuse

very very good

Posted by DreamKaiser > 2020-08-21 03:34 | Report Abuse

wonder why price no up so much

Posted by DreamKaiser > 2020-08-21 03:44 | Report Abuse

maybe coming soon aah

Posted by DreamKaiser > 2020-08-21 03:44 | Report Abuse

hopefully

Posted by DreamKaiser > 2020-08-21 03:48 | Report Abuse

congratulations

Posted by DreamKaiser > 2020-08-21 03:49 | Report Abuse

well done petchem

Posted by DreamKaiser > 2020-08-21 03:49 | Report Abuse

keep up the good work

Posted by Henry8833 > 2020-08-21 10:32 | Report Abuse

Very disappointing results due to covid 19. Just don't know when can recover from covid. Dividend also all time low. They should give slightly higher dividend eg 8-10 sen given high cash balances if they expect business to recover. Very stingy. Only medical related stocks like glove is doing well.

Posted by Mabel > 2020-08-21 20:34 | Report Abuse

Meow..

Posted by DreamKaiser > 2020-08-22 01:09 | Report Abuse

waah

Posted by DreamKaiser > 2020-08-22 01:09 | Report Abuse

walawey

Posted by DreamKaiser > 2020-08-22 01:10 | Report Abuse

q2 profit 186 mil pun lagi 6 sen down kah

Posted by DreamKaiser > 2020-08-22 01:11 | Report Abuse

susah la ini macam

Posted by AnaiAnai > 2020-08-22 15:48 | Report Abuse

more IB come out with lower TP price. why? overvalued at current price. QR EPS 2sen only. what happen next QR also at same EPS? Is this worth RM6? maybe rm4 also possible?

Posted by AnaiAnai > 2020-08-24 14:57 | Report Abuse

5.98 now. whoever want 5sen dividend. price dropping more than 5sen by many times. not worth to wait for the dividend.

Posted by Sin Lee > 2020-08-24 16:19 | Report Abuse

Good news, why share price drop?
https://www.thestar.com.my/business/business-news/2020/08/24/petchem-lg-chem-to-build-nitrile-butadiene-latex-plant

Posted by AnaiAnai > 2020-08-24 16:35 | Report Abuse

Expanding again? New plant need how many years to complete? 3 yrs or more? more Capex than mean lesser dividend payout in the future with profit margin squeezed. better wait for lower price if you want buy and keep for longer term. more discount coming as no fund willing to buy except ASB?

Posted by AnaiAnai > 2020-08-24 16:53 | Report Abuse

closed 5.95. down 20sen. 4x of 5sen dividend. worth to keep and wait for dividend?

Posted by izoklse > 2020-08-25 17:26 | Report Abuse

Huraiii PETRONAS Chemical going for Gloves

PETALING JAYA: PETRONAS Chemicals Group Bhd (PetChem) and LG Chem will venture into the rubber glove industry and have inked an agreement to build a nitrile butadiene latex (NBL) manufacturing plant at Pengerang Integrated Complex (PIC) in Johor.

PetChem said in a press release that this facility will further help strengthen Malaysia’s position as the largest exporter of rubber gloves globally.

“Construction of the plant will begin in 2021 while production is scheduled to start in 2023. When completed, the plant will have an annual NBL production capacity of 200,000 tons, ” it said.