Posted by Needluck > 2024-07-12 10:11 | Report Abuse

short selling volume @11/7=41,789,002shares, got 1 year to buy back, bila nak buy back?

Posted by Needluck > 2024-07-12 10:58 | Report Abuse

dump again? only 2 hours trading short sell vol already 121,300 shares

Posted by andytfyap > 2024-07-12 14:09 | Report Abuse

https://finance.yahoo.com/news/analysts-updating-petronas-chemicals-group-223903549.html

Posted by Needluck > 2024-07-12 14:39 | Report Abuse

based on past few days trading pattern, looks like going to drop to 6.00

Posted by James_Bond > 2024-07-12 15:28 | Report Abuse

Serve you right for not listening! Please go and follow the submerging Mabel ship…

Posted by Mabel > 2024-07-12 16:27 | Report Abuse

Ya lor...follow James Bond...It's your call..

The Bottom Line

The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. Happily, there were no real changes to revenue forecasts, with the business still expected to grow in line with the overall industry. The consensus price target held steady at RM6.33, with the latest estimates not enough to have an impact on their price targets.

With that in mind, we wouldn't be too quick to come to a conclusion on PETRONAS Chemicals Group Berhad. Long-term earnings power is much more important than next year's profits. We have estimates - from multiple PETRONAS Chemicals Group Berhad analysts - going out to 2026, and you can see them free on our platform here.

Key information: 5.2%

Earnings growth rate: 5.2%

Chemicals industry growth 8.9%
Revenue growth rate 15.5%
Return on equity 4.6%
Net margin 6.4%
Last Earnings Update 31 Mar 2024

Posted by Mohd ImranRafifi > 2024-07-15 19:38 | Report Abuse

Buying in batches is a good option to invest in this counter 🙂

Posted by Followgrass > 2024-07-16 09:54 | Report Abuse

So, today continue to drop?

Posted by pierre69 > 2024-07-16 15:31 | Report Abuse

just bought 100 lots at RM6.04

Posted by Havefun > 2024-07-16 15:32 | Report Abuse

What is EPF doing? Buy and sell at the same time

Posted by MULTIEVER > 2024-07-16 15:32 | Report Abuse

you can email epf ask them why buy sell bu sell everyday 🤣🤣🤣

Posted by Havefun > 2024-07-16 15:37 | Report Abuse

Bought some 5.99

Posted by Needluck > 2024-07-16 15:43 | Report Abuse

already oversold, still got short sell , if not back above 6, next is 5.90 or below..

based on past few days trading pattern, looks like going to drop to 6.00

4 days ago

Posted by James_Bond > 2024-07-16 19:31 | Report Abuse

Serve you right for not listening!

Posted by yeinemesis > 2024-07-16 20:08 | Report Abuse

Sold at RM7 range way months ago. You guys are daredevil. Still loyal even though the chart is still on continuous downtrend. Do you all foresee a sudden reversal breakout?

Posted by cbkia4896 > 2024-07-17 10:15 | Report Abuse

Up car loooo

Posted by Mabel > 2024-07-17 11:59 | Report Abuse

Needluck already oversold, still got short sell , if not back above 6, next is 5.90 or below..

based on past few days trading pattern, looks like going to drop to 6.00

4 days ago
16/07/2024 3:43 PM

Dump yesterday at RM 6.02 and collect back at RM 5.96 and RM 5.950...

*Market Capitalization (KLSE) on 12 July 2024*

1 *Maybank*
2 Tenaga
3 PBank
4 *CIMB*
5 IHH
6 PMetal
7 *PChem*
8 CDB
9 YTL
10 *YTLPower*

Meow

Posted by Needluck > 2024-07-17 14:41 | Report Abuse

pumped and dumped?

Posted by Mohd ImranRafifi > 2024-07-17 15:31 | Report Abuse

Pchem is a roller coaster today 😅

Posted by Mabel > 2024-07-17 19:34 | Report Abuse

New minor risk - Dividend sustainability
The company has an unstable dividend paying track record.

The dividend has had an annual drop of over 20% in the past.

Dividend yield: 1.7%

This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price.

Currently, the following risks have been identified for the company:

Minor Risks

Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.

Profit margins are more than 30% lower than last year (6.4% net profit margin).

Posted by Needluck > 2024-07-18 11:01 | Report Abuse

gogogo, slaughter all those who short!

Posted by Needluck > 2024-07-18 16:35 | Report Abuse

short side win again today....

Posted by mesoan > 2024-07-19 14:40 | Report Abuse

if economy pick up, will pchem have better margin? or will it still suffer, due to overcapacity in the region

Posted by Mohd ImranRafifi > 2024-07-19 16:16 | Report Abuse

Looks like 5.95 is its bottom price 🙂

Posted by andytfyap > 2024-07-19 16:42 | Report Abuse

Look like the fake of this counter is driven or pressed by EPF only.

Posted by andytfyap > 2024-07-19 16:43 | Report Abuse

it is similiar to what epf did to Takaful 2 years ago

Posted by furball > 2024-07-20 11:34 | Report Abuse

This counter is a long long long term holding counter. At below 6.00 it is a good business at fantastic price. Just like TNB below 9.00, Wesport below 3.50 and SIME below 2.20. Problem I am having now is no more fund to average down the cost of my current holding

Posted by andytfyap > 2024-07-20 13:19 | Report Abuse

But its current ROE is damn low, below 5%. I doubt myself now whether shall I switch to other counter which has double digit ROE.

Posted by James_Bond > 2024-07-22 11:49 | Report Abuse

Expecting pchem to go lower as foreseeing next QR pchem not performing well due to plant shut down for maintenance and repair!

Posted by Diamond7 > 2024-07-22 16:26 | Report Abuse

Down again...
Oh dear!

Posted by Boyour > 2024-07-22 21:36 | Report Abuse

PETROS powerful than PETRONAS ?
nation stake vs state stake?

Posted by cucubud > 2024-07-23 16:22 | Report Abuse

https://www.petronas.com/pcg/media/media-release/pcg-and-sarawak-petchem-collaborate-exploring-potential-development-low-carbon
Is this Pchem working with Sarawak Petchem in Sarawak?

Posted by Mohd ImranRafifi > 2024-07-25 22:39 | Report Abuse

It starts to bottoming up 🙂

Posted by Mohd ImranRafifi > 2024-07-29 21:41 | Report Abuse

omg ... what happened? Petronas is being boycotted ?

Posted by dreamer > 2024-07-30 13:50 | Report Abuse

Sold to Sarawak Gov

Posted by Mohd ImranRafifi > 2024-07-30 23:12 | Report Abuse

that's not the case, dreamer
https://www.nst.com.my/news/nation/2024/07/1082817/sarawak-gives-petronas-3-months-sort-out-gas-distribution-issue-watch

Posted by Needluck > 2024-07-31 15:53 | Report Abuse

looks like drop 10-20 sen each week, might be 5.60 next week. want go down to 2020 low?

Posted by cessyloo > 2024-07-31 15:57 | Report Abuse

GG😰 bought it since 2 years ago at high price and keep dropping

Posted by Nepo > 2024-08-01 08:57 | Report Abuse

omg..pchem disappointed me..

Posted by EDwarrior > 2024-08-01 10:21 | Report Abuse

Can buy or not? Looks cheaper

Posted by LossAversion > 2024-08-01 10:22 | Report Abuse

Dare to buy!

Posted by Mabel > 2024-08-01 11:02 | Report Abuse

waiting at RM 5.8...

Posted by Needluck > 2024-08-01 11:21 | Report Abuse

looks like going to continue down next week......

Posted by LossAversion > 2024-08-01 11:36 | Report Abuse

Wait at RM5.20

Posted by Needluck > 2024-08-01 14:59 | Report Abuse

if really goes down to 5.20, then chances will go below 5.00...

Posted by LossAversion > 2024-08-01 15:03 | Report Abuse

If below 5.00, pick up more!

Posted by yeinemesis > 2024-08-01 15:13 | Report Abuse

Chart shows no hint on reversal pattern. Chemical market in uncertainty. US market up & down. How come you guys are still here? Why not wait for the downtrend to stop before taking position. Most have made profit this year at RM7++

Posted by Daim88 > 2024-08-01 17:24 | Report Abuse

Kawal Selia aje lah, not taking over assets.
https://www.youtube.com/watch?v=U0uEc75QIYg

Sound like small matters, sounded very much like DNB role lah for 5G. Like paying additional tax lah for the business.

In the end, Sarawak just want more money only. Not about going to war with kerajaan pusat.

Posted by Daim88 > 2024-08-01 17:47 | Report Abuse

As for external players like Exxon Mobil and shell coming to Sarawak. They have been in Malaysia for a long long time lah, just more FDI for Sarawak if they invest more. They can come here, and Petronas can go to their country as well. As of today, Petronas has been active all around the world, no big deal.

The story of Petros vs Petronas has been overblown. Similarly, Genting opening up casino in Singapore doesn't shake up Singapore's economy, nobody will say Genting will suk the life and blood out of Singapore. Give and take.

Sarawak and Sabah issue can easily be resolve, just like Indonesia, they moved their capital to Kalimantan, in attempting to divert investment to less congested area.

If Sarawak and Sabah want more money for development, just channel more money to that area. At the end of the day, they are part of Malaysia, their growth will register as Malaysia GDP as well. The relation needs to be well managed, today PM, can make a decision to focus development on east Malaysia. Simple!!, it will be a big boom for Malaysia economy overall and opening up Sarawak and Sabah to foreign investment and 2nd home program, will probably boost 10-20% GDP growth for Malaysia, mainly focus in east Malaysia of course.

West Malaysia just don't be too greedy, time for growth in East Malaysia.

Posted by Needluck > 2024-08-02 11:15 | Report Abuse

this counter gg liao...