Posted by Pinky > 1 month ago | Report Abuse

The end.

Posted by Pinky > 1 month ago | Report Abuse

Lucky I exited above RM8

Posted by KClow > 1 month ago | Report Abuse

Going to holland bak to rm 4 to 6

Posted by prudentinvestor > 1 month ago | 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.

Posted by 8u29song > 1 month ago | Report Abuse

EPF keep acquiring also cant help.....why...who is selling...

Posted by bang_miskin > 1 month ago | Report Abuse

Trend isn't good. I cut loss for now. Come back when it bottoms out.

Posted by VTrade > 1 month ago | Report Abuse

Epf is trowing or foregn fund throw…?
Bad budget awaiting for msia econmy ?

Posted by Richard Ng > 1 month ago | Report Abuse

hong leong comments over reacting,damned it

Posted by moven00 > 1 month ago | Report Abuse

Mak Oi! Mati saya…

Posted by Richard Ng > 1 month ago | Report Abuse

KKK

Posted by faridfet > 1 month ago | Report Abuse

Our PM just kill Petronas

Posted by Income > 1 month ago | Report Abuse

PM asking Petronas to give fat dividends to Gov is it??? Omg

Posted by Phoebe > 1 month ago | Report Abuse

Nice!!!!

Posted by firehawk > 1 month ago | Report Abuse

in the process of rationalize btw earning and price? ;-)

Posted by EatCoconutCanWin > 1 month ago | Report Abuse

Dropped n buy

Posted by prudentinvestor > 1 month ago | Report Abuse

Two investment banks having two vastly different opinions on Petronas Chem, one called for a sell with a TP of RM6.54, the other called for a hold with a TP of RM8.18. Investors are confused. Now toss a coin, head follow RHB-OSK, tail follow HLG.

Posted by King_trader_shadow > 1 month ago | Report Abuse

This stock RM5 is waiting, don't worry!

Posted by King_trader_shadow > 1 month ago | Report Abuse

This stock RM5 is waiting, don't worry!

Posted by unicornbird > 1 month ago | Report Abuse

If Petronas can supply cheap or free feedstock to Pchem, that will make it's product very competitive in the region?
Probably no competitors in Asean?

Posted by Sslee > 1 month ago | Report Abuse

Mohd Yusri said the reopening of China and relaxation of its Covid Zero policy are positive for the chemicals sector, especially for polymers and olefins, which have seen a slight recovery in recent weeks.

"Nevertheless, we remain cautious, as prices of petrochemical products will continue to fluctuate.

“For example, prices of urea have unexpectedly declined sharply, despite the ongoing Russia-Ukraine war. We expect the first half of 2023 to be challenging, as we continue to face slow demand and higher costs due to inflation, particularly for our business in Europe and the US.”

Posted by Sslee > 1 month ago | Report Abuse

https://tradingeconomics.com/commodity/urea

Posted by Income > 1 month ago | Report Abuse

i3lurker Sifu, you are very knowledgeable. Now I know Blue Urea. Thanks for the info.


Posted by i3lurker > 4 hours ago | Report Abuse

PChem plant ia already a useless white elephant!
Technological change can be at speed of light, see 3G transition to 5G

Production of urea and ammonium nitrate fertilizers from sustainable feedstocks, namely water, nitrogen, and carbon dioxide.
Critically, the process can be scaled-down such that equipment can be housed in a standardized ISO container deployed at the point-of-use, delocalizing production and eliminating costs, and emissions associated with transportation.
The urea and ammonium nitrate were synthesized in a semi-continuous process under considerably milder conditions to produce aqueous fertilizers suitable for direct soil application, eliminating the financial and energetic costs associated with drying and prilling. The composition of the fertilizers from this process were found to be free from contaminants, making them ideal for application.
In growth studies, the synthesized urea and ammonium nitrate were applied under controlled conditions and found to perform comparably to a commercial fertilizer (Nitram). Crucially, both the synthesized fertilizers enhanced biomass growth, nitrogen uptake and leaf chlorophylls (even in depleted soils), strongly suggesting they would be effective toward improving crop yields and agricultural output.

The Blue Urea concept is proposed for installation in ISO containers and deployment on farms, offering a turnkey solution for point-of-need production of nitrogen fertilizers.

Posted by Sslee > 1 month ago | Report Abuse

Green methanol coming.

Green methanol is a low-carbon fuel that can be made from either biomass gasification or renewable electricity and captured carbon dioxide (CO2).

Posted by BobAxelrod33 > 1 month ago | Report Abuse

If I remember correctly, did you not doubt Asiaply's purchase of a second factory last year, which is located just 500 meters from present/existing plant? So, their purchase price was not inflated as you deemed?

Not sure about their biogas methane, but their Electricity Power plant has yet to take off.

However, their co-operations with the TakWin group for copper conduit materials in EV left an impression of a sour taste.

Posted by BobAxelrod33 > 1 month ago | Report Abuse

RM6 million revenue doesn't equate to NP........ how much is contribution to their 900+ NOSH??

Posted by BobAxelrod33 > 1 month ago | Report Abuse

Not only did they made the wrong choice in counters....they also participated in TakWin's fund raising mostly, and direct purchase from Open markets.....TakWin betul betul rugi one.

Posted by BobAxelrod33 > 1 month ago | Report Abuse

Biogas Methane's NP is negligible to their massive 900+ million shares NOSH.........maybe 0.00000000000000001 sen EPS?

Posted by BobAxelrod33 > 1 month ago | Report Abuse

Their linkage with TakWin and even on BOD already scared me off. Many taken a look at TakWin and vomited.

Asiaply should have stayed their own course in Acrylics and the in-coming Electricity Power generator. Past 2 years of Sales badly affected by international MCO and high Oil prices drove their bottom line to the ground.

But Good luck to you if you choose to hold for 1-2 years.

Posted by Sslee > 1 month ago | Report Abuse

I3lurker is just setting up bait to trap someone that can only afford penny stocks. No prize to guess who is that someone.

Posted by BobAxelrod33 > 1 month ago | Report Abuse

We find Lctitan more interesting at current price levels. Have seriously taken a look and some interest at 1.35 (it's on record and Marked timeline at their forum at that price)

Posted by BobAxelrod33 > 1 month ago | Report Abuse

Asiaply needs to take a more serious stance and business perspective. SHOULD DISENGAGE ALL TIES WITH TakWin and move on. Then their price range from 9c to 11c is acceptable to take in and Hold for 1-2 years.

Posted by BobAxelrod33 > 1 month ago | Report Abuse

Lctitan below RM1.00??..........all in and not a second to waste!

Those in the Plastics Industry knows Lotte well.

Posted by BobAxelrod33 > 1 month ago | Report Abuse

From Lctitan forum :

Posted by BobAxelrod33 > 2 weeks ago | Report Abuse

If you are prepared to hold 1-2 years, then you're in the right place.....right time and good price at 1.35

Bob was here....marker indexed.

Posted by BobAxelrod33 > 1 month ago | Report Abuse

Despite making losses for FY2022, they still paid Div :

“As at Dec 31, 2022, LCT has cash and bank balances of RM1.32 billion. To reward our shareholders for their continued and unwavering support, LCT declared a special dividend of 13.98 sen per share, which amounted to a dividend payout of RM318.4 million, on Nov 24, 2022,” he said.

https://klse.i3investor.com/web/blog/detail/ceomorningbrief/2023-02-01-story-h-299303165-Lotte_Chemical_Titan_Wraps_Up_FY2022_With_Another_Loss_making_Quarter_A

Posted by BobAxelrod33 > 1 month ago | Report Abuse

Borrowed from Lctitan forum :


Posted by Plantermen > 2 weeks ago | Report Abuse

Myself is not a trained chemical engineer but basically. PChem and LCT are trading in a different market segment. PChem apart from Olefins manufacturing. A big chunk of PChem revenue comes from or generate from chemicals used in acrylic ink acids, dyes, gas solvents, personal care products, fertilisers manufactoring and methanol related chemicals eg resins and ammonia. Whereas LCT specialised only in Polyolefins and PP or polypropylene eg TBA, benzene and toluene used by plastic fabricators.

Posted by BobAxelrod33 > 1 month ago | Report Abuse

Pre-Covid 19, LCT prices traded at above RM6.00 in 2018.

In 2020, their average and highest price range at RM2.50

Now in 2023, due to loss making in 2022, their price has dropped to 1.40 range...

We are keen for long term at this levels.

Posted by BobAxelrod33 > 1 month ago | Report Abuse

PChem and LCT are in different products and different market segments.......

Lotte is more in specialised chemicals......

As the world is now drawn into "de-population" mode and when it's back to re-building phase, we can see the demands for their Chemicals back on track.

P/S Not a Buy call......TAYOR

Posted by Sslee > 1 month ago | Report Abuse

About 42 MTA of ethylene capacity is expected to be added from 2022 to 2026 (including potential new projects), with China contributing about 19 MTA of confirmed capacity (or 58 percent of the global total), followed by North America at about five MTA (or 15 percent of the global total).

The expected capacity additions will lead to an increasing mismatch between supply and demand, given that the forecast capacity growth exceeds demand growth of 3 percent per year. The imbalance could further affect utilization and ultimately product profit margins. Ethylene operating rates in the coming years are expected to fall when the new capacity comes onstream. A drop in utilization could lead to lower margins, based on the historical correlation between margin and global operating rate.

In the longer term, ethylene utilization rates and product margins are expected to improve in the second half of this decade. Industry conduct and investment behavior will govern the extent of improvement. However, the state of the industry now and in the short term is not as bright, emphasizing the value of performance excellence for the longer term.

Posted by BobAxelrod33 > 1 month ago | Report Abuse

FDI had been actively dumping Bursa since 2019 as evident of many counters are in slumps and prices unseen for past several years.

PChem is in a different world with their main products being "replacecable" at better costs and pricing.

Whereas LCT specialised Chemicals are never changed since their raw materials are always required for Plastics and Polyolefins. They supply building blocks. Moreover, they also have competitive edge in Virgin plastics manufacturing with lower cost of materials for better than others more profit margins.

Posted by BobAxelrod33 > 1 month ago | Report Abuse

Lurker, it's not the old Techs that you mentioned are involved but LCT's materials as raw input is here to stay unless some Aliens (came in balloons?) give us far advance technologies which replaces Plastics.

Posted by BobAxelrod33 > 1 month ago | Report Abuse

1.35 and below again, we are very keen.......

Good luck to us!

TAYOR

Posted by BobAxelrod33 > 1 month ago | Report Abuse

I hope you're right and TP at RM1.00.......die die also want them shares.

Posted by BobAxelrod33 > 1 month ago | Report Abuse

Why am I being flagged??

Posted by BobAxelrod33 > 1 month ago | Report Abuse

Posted by Plantermen > 2 weeks ago | Report Abuse

In 2021 Park Hyun Chul replaced Lee Dong Woo as CEO of LCT. The planned Indonesia line expansion project costing RM 18 billion { completion date year 2025 } the project need a long gestation period and any positive impact need to relied or hinges on the economic cycle conditions over the next few years. How much profit can be generated from this gigantic RM18 billion expansion? It's going to be a long term positive or definety short term uncertainty but earnings contribution in the short term will be mixed

Posted by BobAxelrod33 > 1 month ago | Report Abuse

Moreover, their USA counterpart made marginal losses of only circa RM6.4 millions.

This was due to a decline in margin spread amid weakened market demand resulting from a volatile external environment, higher foreign exchange (forex) losses of RM32.7 million, and its share of loss from Lotte Chemical USA Corporation (LC USA) of RM6.4 million.

Posted by BobAxelrod33 > 1 month ago | Report Abuse

The Indonesia plant involves Billions......should they not be worried???


In addition, the Lotte Chemical Indonesia Ethylene (LINE) project that will be completed in 2025 will strengthen LCT’s market presence in the petrochemical industry with a 65% increase in total production capacity, said Park.

“Indonesia is a net importer of petrochemical products. The project will enable us to capitalise on the anticipated increase in demand for our products in the country,” he added.

LCT holds an effective equity interest of 51% in PT Lotte Chemical Indonesia (LCI), the owner of the LINE Project, while Lotte Chemical Corp (LCC) holds the remaining 49%. As of Jan 6, 2023, LCT and LCC had completed their portion of equity injection of US$1.6 billion into LCI.


https://klse.i3investor.com/web/blog/detail/ceomorningbrief/2023-02-01-story-h-299303165-Lotte_Chemical_Titan_Wraps_Up_FY2022_With_Another_Loss_making_Quarter_A

Posted by BobAxelrod33 > 1 month ago | Report Abuse

Lurker, the 2 issues are not co-related.

Currently oversupply for LCT is caused by weak global demands due to economic slowdown and past 2 years of Covid lockdowns.

PChem's product demands are replaceable.

LCI investment is done with proper due diligent and of course, tech wise too. Who would pour Billions into old tech??? Or the challenges of transitional tech??

Even if there is an evolution, it could take decades. Just take a look the past century and the same raw input has never been changed.

TAYOR

Posted by BobAxelrod33 > 1 month ago | Report Abuse

I am aware and see your point of issues with demands for HDPE, LDPE, double L, PP and even PET. But you are only looking at the requirement and supply from within China. With the US and EU Trade war with China, it's not as easy as the Oil sanctions with Russia. For trans-shipments from China is not cost effective (have personally tried that before).

Nonetheless, other Asian countries, in which LCT have support would increase their demands during re-building.

Posted by Sslee > 1 month ago | Report Abuse

SINGAPORE, Feb 22 (Reuters) - China's Sinopec Corp (600028.SS) said on Wednesday it has completed trial runs at a one million tonnes-per-year ethylene plant in the southern Chinese province of Hainan that will boost exports.

Reporting by Chen Aizhu; Editing by Tom Hogue and Elaine Hardcastle

Posted by BobAxelrod33 > 1 month ago | Report Abuse

LOL....have you ever traded with Sinopec before????? I have personally tried few years back.