Posted by bullmarket1628 > 2022-09-28 07:03 |

Post removed.Why?

Posted by Pinky > 2022-09-29 08:29 | Report Abuse

Your limit up call has been there even before the birth of Jesus

Posted by bullmarket1628 > 2022-10-04 08:09 |

Post removed.Why?

Posted by bullmarket1628 > 2022-10-05 07:17 |

Post removed.Why?

Posted by bullmarket1628 > 2022-10-05 07:37 | Report Abuse

Oil prices could soon return to $100 as OPEC+ considers ‘historic’ cut, analysts say
PUBLISHED MON, OCT 3 2022 6:43 AM EDT

Lee Ying Shan @LEEYINGSHAN
Sam Meredith @SMEREDITH19

https://www.cnbc.com/amp/2022/10/03/opec-oil-prices-could-soon-return-to-100-a-barrel-analysts-say.html

KEY POINTS
* OPEC and non-OPEC producers, a group often referred to as OPEC+, will meet in Vienna, Austria on Wednesday to decide on the next phase of production policy.
* The oil cartel and its allies are considering an output cut of more than a million barrels per day, according to OPEC+ sources who spoke to Reuters.
* "The OPEC ministers are not going to come to Austria for the first time in two years to do nothing. So there's going to be a cut of some historic kind," said Dan Pickering, CIO of Pickering Energy Partners.

Posted by bullmarket1628 > 2022-10-06 07:20 |

Post removed.Why?

Posted by bullmarket1628 > 2022-10-06 07:42 | Report Abuse

White House Disappointed With OPEC’s ‘Shortsighted’ Decision
By Charles Kennedy - Oct 05, 2022, 12:00 PM CDT

https://oilprice.com/Energy/Energy-General/White-House-Disappointed-With-OPECs-Shortsighted-Decision.amp.html

A White House statement following the OPEC+ decision to defy the Biden administration with an output cut for November vows to find new ways to temper OPEC’s control over energy prices. 

Earlier on Wednesday, members of OPEC+ said they would cut November production quotas by 2 million bpd, citing the “uncertainty that surrounds the global economic and oil market outlooks”. 

The decision immediately led to a more than 2% increase in Brent crude and WTI prices and goes directly against the Biden administration’s attempts to lobby Saudi Arabia for higher production to bring prices down. 

Shortly after the release of an OPEC+ press release detailing the output cuts, the White House said, “In light of today's action, the Biden Administration will also consult with Congress on additional tools and authorities to reduce OPEC's control over energy prices.”

Posted by bullmarket1628 > 2022-10-06 07:55 | Report Abuse

OPEC+ agrees deep oil production cuts, Biden calls it shortsighted
By Ahmad Ghaddar, Alex Lawler and Rowena Edwards
October 6, 2022 4:33 AM GMT+8Last Updated 17 min ago

https://www.reuters.com/business/energy/opec-heads-deep-supply-cuts-clash-with-us-2022-10-04/

VIENNA/LONDON, Oct 5 (Reuters) - OPEC+ agreed steep oil production cuts on Wednesday, curbing supply in an already tight market, causing one of its biggest clashes with the West as the U.S. administration called the surprise decision shortsighted.
OPEC's de-facto leader Saudi Arabia said the cut of 2 million barrels per day (bpd) of output - equal to 2% of global supply - was necessary to respond to rising interest rates in the West and a weaker global economy..

Posted by bullmarket1628 > 2022-10-07 07:15 |

Post removed.Why?

Posted by loc187213 > 2022-10-07 09:00 |

Post removed.Why?

Posted by bullmarket1628 > 2022-10-08 07:44 |

Post removed.Why?

Posted by Pinky > 2022-10-08 09:26 | Report Abuse

Walaoeh u are damn annoying spamming all over the place

Bear market la!

Posted by TreeTopView > 2022-10-08 10:47 | Report Abuse

Pinky, I totally agree with you about this poster. Even if the oil price is only up by 20 or 50 cents he feels the need to post on every oil related thread. Today it's 26 posts all saying the same thing, taking up way too much space on the main Forum page. It really grinds my gonads !! :)

Rant over :)

Posted by rl68 > 2022-10-08 11:45 | Report Abuse

@TKW,admin, please take action.

Posted by Pinky > 2022-10-08 12:59 | Report Abuse

@TreeTopView exactly, misleading other forum users/readers into thinking that there is something worth reading, then we click in to see his rubbish huat ar heng ar shouts. Rubbish!

Misleading other

Posted by Michael Kwok > 2022-10-08 20:35 | Report Abuse

Sell call Pchem 8.50-8.57
Tp below rm 6
8/10/2022 8.35pm

Posted by rl68 > 2022-10-28 09:14 | Report Abuse

https://www.channelnewsasia.com/asia/explosion-fire-petronas-oil-refinery-kota-tinggi-johor-no-injuries-3029161

Posted by rl68 > 2022-11-03 12:51 | Report Abuse

https://www.theedgemarkets.com/article/petronas-chemicals-produce-fertiliser-deal-us-company

Posted by Pinky > 2022-11-03 12:59 | Report Abuse

Add! Even chart-wise it looks good now

Posted by Mohd ImranRafifi > 2022-11-25 16:07 | Report Abuse

Petronas Chemicals Group Bhd is seeing softening demand, especially for polymer products, amid the high cost of energy continued amid the extended Covid-19 lockdowns in China.

In a statement, managing director and CEO Mohd Yusri Mohamed Yusof said the prices of olefins and derivatives are expected to moderate further until the easing of restrictions in China.

However, he said urea prices are expected to remain high between US$550 a tonne to US$700 a tonne as energy prices remain elevated due to the ongoing Russia-Ukraine war.

Posted by Mohd ImranRafifi > 2022-11-25 16:07 | Report Abuse

In the third quarter ended Sept 30, 2022, PETRONAS Chemicals posted a net profit of RM1.9bil compared with a net profit of RM1.96bil in the previous corresponding quarter amid softer margins and lower contributions from joint ventures and associates.

"While the stronger US Dollar boosted our revenue, we faced margin pressure as a result of higher operating costs," said Mohd Yusri.

The group's earnings per share dropped to 24 sen as compared with 25 sen in 3Q21.

For the quarter, revenue came to RM7.03bil, which was 21.96% higher than in the same quarter in 2021, owing to higher product prices amid the stronger US dollar and higher sales volume.

Posted by Mohd ImranRafifi > 2022-11-25 16:07 | Report Abuse

According to Mohd Yusri, product prices remained elevated during the quarter on high crude oil and energy prices, although lower than in 2Q22.

The goup's production and sales volumes improved with its plant utilisation rate rising to 97% from 72% in 2Q22.

About 70% of PETRONAS Chemicals' production volume is exported within the Asia Pacific region, of which, Southeast Asia makes up about 40%, it added.

Posted by Pinky > 2022-11-25 16:27 | Report Abuse

Solid results la, don't really hope for magic

Posted by CurryBento > 2022-11-29 14:03 | Report Abuse

Corporate earnings remain in focus as investors look out for the release of bank earnings result on the penultimate day of the results period.

As at 12.30pm, the key index was down 15.38 points to 1,471.16. However, there remained some buying interest in the broader market with 501 gainers compared with 386 decliners.

Trading volume was 1.89 billion shares valued at RM1.12bil.

Posted by CurryBento > 2022-11-29 14:03 | Report Abuse

There was some upside sentiment in regional markets as Beijing announced support for property developers, which lent some relief to the ailing sector, although public unrest over the China's Covid lockdowns threatened to derail its economic prospects.

China's composite index jumped 2.2% to 3,146 and Hong Kong's Hang Seng leapt 3.85% to 17,964.

Japan's Nikkei dropped 0.5% to 28,025 while South Korea's Kospi gained 0.75% to 2,426.

In Australia, ASX200 rose 0.3% to 7,249.

Posted by Pinky > 2022-11-30 09:39 | Report Abuse

chance to accumulate more?

Posted by bang_miskin > 2022-11-30 15:02 | Report Abuse

Seems like a decent company. I personally would accumulate more if I got the extra cash.

Posted by TehBeng > 2022-12-01 13:25 | Report Abuse

plant utilisation of 85.1% producing 7.1 million metric tonnes of petrochemical products due to statutory turnarounds at five plants.

PCG recorded petrochemical sales volume of 5.7 million metric tonnes on the back of stable petrochemical product prices, in line with market recovery and tight supply

Posted by TehBeng > 2022-12-01 13:26 | Report Abuse

As for its clean energy solutions provider Gentari Sdn Bhd, which was officially launched in September, to date, the company has installed 89 charge points in Malaysia.

This includes 49 charge points in Suria KLCC, making it the biggest electric vehicle (EV) charging hub in Southeast Asia.

The hub also features the first DC fast charger deployed in a Malaysian shopping mall and the first EV charger installed with digital out-of-home advertising in Southeast Asia.

Posted by Fabien _the efficient capital allocator > 2022-12-17 21:14 | Report Abuse

Earnings may have peaked in 2021-2022. But PCHEM is still expected to make at least 6billion profit per year which you are paying only paying 11-12x

Posted by rl68 > 2022-12-17 21:58 | Report Abuse

@Fabien, may I know how you derive 6 billion net profit?

Posted by Fabien _the efficient capital allocator > 2022-12-18 20:06 | Report Abuse

From Maybank IB report, consensus net profit for both FY2023 & 2024 is RM6.2bil

Posted by rl68 > 2022-12-19 06:30 | Report Abuse

@Fabian, tqsm

Posted by fooming > 2022-12-20 11:35 | Report Abuse

Petroliam Nasional Bhd’s (Petronas) subsidiary Petronas Petróleo Brasil Ltda (PPBL) and its partners have won the Agua Marinha exploration block during the first cycle of Brazil’s open acreage under the production sharing regime bid held in Rio de Janeiro.

Posted by fooming > 2022-12-20 11:36 | Report Abuse

PPBL will hold a 20% participating interest in the block located in the Campos Basin, while Petrobras (the operator) will hold 30%, TotalEnergies 30%, and QatarEnergy 20%.

Posted by fooming > 2022-12-20 11:45 | Report Abuse

PPBL recently announced the first oil discovery at the 4-BRSA-1386D-RJS well in the pre-salt Sépia oilfield in the Santos Basin. It has a 21% participating interest in the field.

Posted by fooming > 2022-12-20 11:47 | Report Abuse

PPBL also holds participating interests in the Tartaruga Verde (BM-C-36 concession) and Module III of the Espadarte (Espadarte concession) deepwater fields, as well as three deepwater exploration blocks, C-M-541, C-M-661 and C-M-715, in the Campos Basin.

Posted by firehawk > 2022-12-20 23:20 | Report Abuse

so shock to see this at 8.18, a few mths ago thinking to enter at about 9, however didn't make it ..... the only -ve factor about this stock is, growing is limited and yet, so unexpectedly this can cause price sliding so much :D
maybe funds are cashing out.

Posted by kl_guy > 2022-12-22 15:36 | Report Abuse

next resistance level rm8.50 . Last 2 day kena dump , now pick up again .

Posted by unicornbird > 2022-12-23 09:30 | Report Abuse

Anyone knows how BASF can help Petchem perform better in long term?

Posted by bang_miskin > 2023-01-04 15:10 | Report Abuse

Also surprised with current price. Weeks ago think can pecah RM9. Now I know why I'm poor, lol!

Posted by speakup > 2023-01-30 22:35 | Report Abuse

https://focusmalaysia.my/foreign-funds-net-sold-rm200-mil-of-bursa-malaysia-stocks-on-cny-week/

Posted by Pinky > 2023-01-30 23:16 | Report Abuse

The worst should be over for PCHEM. With China reopening, the way can only be up going forward

Posted by NESARAJAH1 > 2023-02-21 13:29 | Report Abuse

Let's hope it goes back to RM10 Momentum building

Posted by dompeilee > 2023-02-23 15:53 | Report Abuse

Fat hopes...back to 7 first more like it.

Posted by dompeilee > 2023-02-23 15:55 | Report Abuse

Lagi suay is EPF has increased their stake from 718 to 801 mil since the beginning of the year...always a great contrarian indicator: condemned stock

Posted by Pinky > 2023-02-23 17:08 | Report Abuse

The end.

Posted by Pinky > 2023-02-23 17:08 | Report Abuse

Lucky I exited above RM8

Posted by KClow > 2023-02-23 18:58 | Report Abuse

Going to holland bak to rm 4 to 6

Posted by prudentinvestor > 2023-02-24 10:17 | Report Abuse

Looks like today's fall is going to be more than yesterday's 40 sen drop. A few days ago, someone posted a comment on the i3investor for Maybank, ranting that Petronas Chemicals earned more than Maybank but hasn't been given the same valuation as Maybank. Investors now know why.