Posted by Needluck > 2024-08-02 11:19 | Report Abuse

will this counter like FGV?

Posted by Mabel > 2024-08-02 14:14 | Report Abuse

Support RM 5.05

Posted by Daim88 > 2024-08-02 22:00 | Report Abuse

Petronas Chemicals kekal stabil di sebalik segmen hiliran minyak dan gas kurang pemangkin - Kenanga Research
02 Aug 2024 09:21 AM
https://www.dagangnews.com/article/petronas-chemicals-kekal-stabil-di-sebalik-segmen-hiliran-minyak-dan-gas-kurang-pemangkin-kenanga-research-39504

Kenanga set price target RM 6.28

Posted by Daim88 > 2024-08-02 22:01 | Report Abuse

Petronas and YPF will develop an LNG project in Rio Negro (Argentina)
02 AUGUST 2024
https://www.enerdata.net/publications/daily-energy-news/petronas-and-ypf-will-develop-lng-project-rio-negro-argentina.html

Petronas, YPF select Rio Negro for $30bn LNG project
By Anthony Wright
on Aug 01, 2024
https://www.gasworld.com/story/petronas-ypf-select-rio-negro-for-30bn-lng-project/2142207.article/

Posted by Daim88 > 2024-08-02 22:02 | Report Abuse

PETRONAS partners with SIM to open 3 fuel stations in Brazil
Thursday, 01 Aug 2024 10:15 AM MYT
https://www.thestar.com.my/business/business-news/2024/08/01/petronas-partners-with-sim-to-open-3-fuel-stations-in-brazil

Posted by Daim88 > 2024-08-02 22:02 | Report Abuse

Keenly watched Petronas ultra-deepwater project reaches crucial bidding stage
Published 31 July 2024, 09:17
https://www.upstreamonline.com/exclusive/keenly-watched-petronas-ultra-deepwater-project-reaches-crucial-bidding-stage/2-1-1684337

Posted by Daim88 > 2024-08-02 22:03 | Report Abuse

Petronas sets July Malaysian crude oil price at $90.71/bbl
Aug 1, 2024 at 3:12 am GMT
https://www.xm.com/research/markets/allNews/reuters/petronas-sets-july-malaysian-crude-oil-price-at-9071bbl-53895059

Posted by Daim88 > 2024-08-02 22:07 | Report Abuse

Petronas is the golden boy of Malaysia, everyday new contract. new deal, new headlines

Posted by Nepo > 2024-08-03 13:07 | Report Abuse

https://www.reuters.com/business/energy/petrochemicals-giant-sabic-post-85-second-quarter-profit-leap-2024-08-01/

Can this good news stop this falling knife..

Posted by Daim88 > 2024-08-04 14:13 | Report Abuse

2,500 sertai acara larian dan berbasikal PETRONITA in Bintulu Sarawak
2024-08-04T11:04:00+08:00

https://www.utusanborneo.com.my/2024/08/04/2500-sertai-acara-larian-dan-berbasikal-petronita

Petronas should do personal donations to schools and hospitals, then making the news. If you give money to government, wait for government to distribute, the problem is, 1st the money may or may not get to the people, 2nd they made no mention of Petronas. At the end of the day, the public do not know how much money Petronas contributed to the nation.

Posted by mf > 2024-08-04 15:44 | Report Abuse

Warren Buffett’s Berkshire Hathaway sold nearly half its stake in Apple
Yun Li

Posted by Daim88 > 2024-08-04 15:58 | Report Abuse

Apple is one of the biggest bubble tech stocks in history.
Apple market cap is USD 3.43 trillion
All UK stocks in the FTSE combined market cap is USD 3.18 trillion.

Meaning, Apple is even bigger than the UK entire economy. Ridiculous or not?

Bubble/Ridiculous or not, very easy to calculate, you take Apple net profit compares with all UK stocks combined net profit.

All UK stocks combined net profits are easily 20 times Apple's. Only fools will still be holding apple stock.

Posted by Daim88 > 2024-08-04 17:19 | Report Abuse

Abang Johari, the Jokowi or Trump of Malaysia? He understands more about Malaysia than many top leaders in Malaysia I believe. See how he breaks down and debunked all the wrong perception and controversy about Petros, and Sarawak roles in Malaysian politics. Sarawak and Petros plays a role to support existing establishments rather than challenge them in order for unity and for the betterment for Sarawak and Malaysia development overall. Everyone should watch this.

https://www.youtube.com/watch?v=IOnq3m2CBuw

Posted by yeinemesis > 2024-08-05 10:13 | Report Abuse

Already advised last week to stay out.

Posted by James_Bond > 2024-08-05 10:57 | Report Abuse

Face the musics for not listening! Marvelous! Once you feel the pain from losing money, hopefully you will learn!

Posted by EDwarrior > 2024-08-05 16:04 | Report Abuse

Omg so pain

Posted by Daim88 > 2024-08-05 19:44 | Report Abuse

Abang Johari Satisfied With Sarawak's Achievements, Cooperation With Federal Govt
https://www.bernama.com/en/news.php?id=2325681

Posted by Daim88 > 2024-08-05 19:45 | Report Abuse

PETRONAS ensures every O&G product translated into developing Sarawak, says Jepak rep
https://dayakdaily.com/petronas-ensures-every-og-product-translated-into-developing-sarawak-says-jepak-rep/

Posted by mf > 2024-08-05 19:45 | Report Abuse

Dow futures drop 800 points, S&P futures lose 3% as global market sell-off intensifies

Posted by Daim88 > 2024-08-05 19:49 | Report Abuse

I think going forward, overall development and investment will be slowly increased to focus solely on east Malaysia, probably can expect 10-20% GDP growth in the coming years ahead?

Major companies in west Malaysia can expand their presents in the region. Maybe a new casino for east Malaysia?

Posted by Daim88 > 2024-08-05 19:56 | Report Abuse

Market sell-off only temporary, you can't maintain a sell-off without a black swan event, the suppose black swan event trump assassination and new US civil war already failed, potential WW3 only hyped and not happening, no new pandemic, so the market sell off only based on fear and projection of a potential black swan event, not sustainable.

Posted by yeinemesis > 2024-08-05 21:12 | Report Abuse

Wonder at what level will the composite index close for tomorrow.

Posted by Daim88 > 2024-08-06 10:16 | Report Abuse

PETRONAS, Enilive And Euglena Move Forward With Development Of Biorefinery In Malaysia
https://biomassmagazine.com/articles/petronas-enilive-and-euglena-move-forward-with-development-of-biorefinery-in-malaysia

Sasaran 1.2 juta tan setahun minyak masak terpakai dikumpul PETRONAS
https://www.bharian.com.my/berita/nasional/2024/08/1279901/sasaran-12-juta-tan-setahun-minyak-masak-terpakai-dikumpul-petronas

Posted by Daim88 > 2024-08-06 10:21 | Report Abuse

Pembangunan sempadan Sarawak-Indonesia diharap dimulakan tahun ini
https://www.utusanborneo.com.my/2024/08/04/pembangunan-sempadan-sarawak-indonesia-diharap-dimulakan-tahun-ini

Posted by Daim88 > 2024-08-06 10:26 | Report Abuse

PETRONAS bantu bangun Sarawak, pertumbuhan ekonomi negara
https://www.utusanborneo.com.my/2024/08/04/petronas-bantu-bangun-sarawak-pertumbuhan-ekonomi-negara

Posted by Daim88 > 2024-08-06 13:32 | Report Abuse

PETRONAS Homecoming Torch bermula di Miri untuk sambutan ke-50 tahun
https://www.tvsarawak.my/2024/08/06/petronas-homecoming-torch-bermula-di-miri-untuk-sambutan-ke-50-tahun/

Posted by Needluck > 2024-08-06 15:01 | Report Abuse

going to laosai again...

Posted by Mohd ImranRafifi > 2024-08-06 16:31 | Report Abuse

No more downturn I think ... RM5.28 is the bottom price

Posted by Daim88 > 2024-08-07 17:02 | Report Abuse

150 pelajar di Sri Aman ikuti interaktif STEM bersama PETRONAS
https://www.tvsarawak.my/2024/08/07/150-pelajar-di-sri-aman-ikuti-interaktif-stem-bersama-petronas/

Posted by Mohd ImranRafifi > 2024-08-07 18:37 | Report Abuse

Continue to accumulate Pchem then

Posted by EDwarrior > 2024-08-08 11:38 | Report Abuse

Lol only can keep buying no such thing u can do much at this stage.

Posted by Needluck > 2024-08-08 12:17 | Report Abuse

EFP disposes this counter....

Posted by Daim88 > 2024-08-08 22:44 | Report Abuse

Petronas achieves breakthroughs in Malaysia and Suriname
https://www.offshore-technology.com/news/petronas-achieves-breakthroughs-in-malaysia-and-suriname/

Petronas says achieved outstanding successes in Malaysia, abroad in first half
https://www.nst.com.my/business/corporate/2024/08/1088457/petronas-says-achieved-outstanding-successes-malaysia-abroad

Where PChem Operates? No Sarawak Aparently!?!?
https://www.petronas.com/pcg/about-us/our-operations

Posted by Daim88 > 2024-08-08 22:49 | Report Abuse

Petronas, ExxonMobil eye standalone floating LNG project after latest Suriname success
https://www.upstreamonline.com/exploration/petronas-exxonmobil-eye-standalone-floating-lng-project-after-latest-suriname-success/2-1-1689315

Petronas BeDigital Bootcamp pupuk bakat graduan Sarawak
https://www.tvsarawak.my/2024/08/08/petronas-bedigital-bootcamp-pupuk-bakat-graduan-sarawak/

Petronas and YPF progress $30 billion Argentina LNG project
https://www.upstreamonline.com/lng/petronas-and-ypf-progress-30-billion-argentina-lng-project/2-1-1689289

Posted by EDwarrior > 2024-08-09 11:33 | Report Abuse

Bad news is good news buy ...

Posted by huathuat83 > 2024-08-09 16:12 | Report Abuse

epf keep selling

Posted by Mohd ImranRafifi > 2024-08-09 16:54 | Report Abuse

EPF will buy back for sure. Just wait and see

Posted by EDwarrior > 2024-08-12 13:19 | Report Abuse

What happens? Cheaper again no money buy loh hahha

Posted by Sslee > 2024-08-12 14:20 | Report Abuse

The question what will happen when China turn from big importer of petrol chemical to big exporter of petrochemical?

Posted by godhand > 2024-08-13 10:55 | Report Abuse

Posted by Sslee > 20 hours ago | Report Abuse

The question what will happen when China turn from big importer of petrol chemical to big exporter of petrochemical?

any reading material boss?

Posted by Mohd ImranRafifi > 2024-08-13 11:58 | Report Abuse

That could happen one day, but not so soon. Like China EV, other countries will impose high tariffs on them

Posted by kong73 > 2024-08-13 12:56 | Report Abuse

Epf bought some more petchem

Posted by Sslee > 2024-08-13 14:13 | Report Abuse

Question
63. News reported that China's petrochemical capacity is poised to see considerable growth, due to refinery switching to produce more petrochemical products than fuels. The local demand cannot absorb this capacity and will lead to export. Will this cause big threats to our company?
What are PCG's competitive advantages if compared to Chinese players? Do PCG have cheaper feedstock costs?

Answer:
China's self-sufficiency policy is indeed causing overcapacity in the market. We expect China to continue its capacity build-up in 2024 until later this decade. While we may expect increased competition, there are selected chemicals and related products that China, as well as other countries in the region, will continue to demand.
PCG’s competitive advantage includes our fully integrated facilities with secure feedstock supply. We have a large and diversified portfolio with close proximity to growth markets that will enable us to continue to serve the Southeast Asian markets.


68. The commissioning of our petrochemical plants at the Pengerang Integrated Complex (PIC) is still ongoing (page 18)
i. What is the total amount invested in Pengerang PetroChemical Plants?
ii. Normally how long does it take for these plants to break even?
iii. What are the expected additional depreciation charges when these plants commence operation?

Answer:
i. The PIC project is financed from external project financing facilities as well as investment by the shareholders via equity and loans.
ii. PIC is expected to provide material contribution to PCG’s future earnings, upon Commercial Operation Date (COD) subject to market conditions and gradual ramp up of plant operating rates.
iii. Upon COD, PIC will be depreciated

69. Any solution from PIC (Pengerang Integrated Complex) to handle the poor margin spread of naphtha feedstock-ethylene derivative?

Answer:
Utilising liquid feedstock is a strategic decision to reduce our dependency on gas while allowing us to grow and provide us the opportunity to produce other products that are otherwise not available
with gas-based plants.

This includes feedstock such as butadiene for our new joint venture project to produce Nitrile Butadiene Latex (NBL) and raffinate for our Isononanol plant in Pengerang, Johor.
Molecules made available from the naphtha cracker will allow us to produce high value derivatives and expand further downstream, whilst pursuing our specialty chemicals agenda. The fluctuation of margin between gas-based and naphtha-based products also provides us with earnings stability.

Posted by godhand > 2024-08-13 14:29 | Report Abuse

Posted by Sslee > 14 minutes ago | Report Abuse

Question

i tried looking at 2023 agm Q&A cant seem to find the same batch of questions. anyway, The real question we need to ask is do they have competitive edge against china. We dont know about how well china vertical integrations are. chances are its going to be very well integrated

Posted by godhand > 2024-08-13 14:30 | Report Abuse

Geographically wise Pchem has advantage as a world class port.

Posted by Sslee > 2024-08-13 14:45 | Report Abuse

https://www.petronas.com/pcg/investor-relations/annual-general-meeting
2024 AGM Q&A

Posted by Plantermen > 2024-08-13 18:04 | Report Abuse

China aggressive aim of self sufficient in petrochemical manufactoring & production is causing an imbalance between demand vs supply. Look at how China outstrip the manufacturing of gloves production

Posted by Mohd ImranRafifi > 2024-08-14 20:52 | Report Abuse

No worries, China seeks self-sufficiency and will not have excess supply to export to the rest of the world 😁

Posted by EDwarrior > 2024-08-15 09:15 | Report Abuse

Why pchem keep dropping?

Posted by Jonathan Keung > 2024-08-15 09:50 | Report Abuse

Chart wise showing downtrend. Need a strong breakout to reverse the trend.