Posted by HengyuanZai > 2 months ago | Report Abuse

Why mushimushi remove the post..

Posted by mushimushi > 2 months ago | Report Abuse

Petronas and Sarawak already shook hands.

Posted by HengyuanZai > 2 months ago | Report Abuse

https://www.google.com/amp/s/www.malaymail.com/amp/news/malaysia/2024/09/24/no-legal-battles-ahead-petronas-not-taking-action-against-sarawak-or-petros-says-premiers-office/151515

Posted by HengyuanZai > 2 months ago | Report Abuse

Eh dun like that la.. haven't october 1 ..

Posted by HengyuanZai > 2 months ago | Report Abuse

Anyways.. upcoming budget 2025.. Sarawak beneficial.. grab your Sarawak stocks.. cmsb , etc

Posted by abcb > 2 months ago | Report Abuse

TP 6.93 by year-end of 2024,next year 8.00 to 9.00

Posted by abcb > 2 months ago | Report Abuse

Right times to accumulate

Posted by abcb > 2 months ago | Report Abuse

Short term 6.00

Posted by abcb > 2 months ago | Report Abuse

Still very cheap to buy at 5.80

Posted by Plantermen > 2 months ago | Report Abuse

Unable to sustain the sudden hike in prices. upward momentum still intact. Will be good for PChem if last minute push uo

Posted by Mabel > 2 months ago | Report Abuse

Yesterday some Uncles matched Mabel's selling price at 50% Holding at RM 5.80...

Today collect back RM 5.62

Posted by HengyuanZai > 2 months ago | Report Abuse

hi guys do u know who are Pchem major customers?

Posted by Mabel > 2 months ago | Report Abuse

PETRONAS Chemicals Group Berhad (PChem) serves a diverse range of customers across various industries. Some of their major customers include companies in the automotive, construction, agriculture, and consumer goods sectors. They supply essential chemicals like olefins, polymers, fertilizers, and methanol, which are used in manufacturing products ranging from plastics and synthetic rubber to fertilizers and industrial chemicals.

https://www.petronas.com/pcg/

Posted by Mabel > 2 months ago | Report Abuse

https://markets.ft.com/data/equities/tearsheet/profile?s=PCHEM:KLS

Posted by mushimushi > 1 month ago | Report Abuse

Petronas will likely get short end of the stick and take a big hair cut after PetroS take over Sarawak operation. Near term not looking good. I think the market also expecting this with big cut on pchem target price. Epf also continuously selling.

Posted by Mabel > 1 month ago | Report Abuse

KLCI Biggest Mover today are the Commodities. Well done PCHEM and KLK Plantation!

Posted by Mabel > 1 month ago | Report Abuse

Back to RM 5.80...

Posted by mushimushi > 1 month ago | Report Abuse

United States and Israel are trying to fool the world with their children logics to justify their actions in the middle east. The emperor is naked, and the world is witnessing this naked emperor walking around giving speeches for the last 25 years. The world can do nothing about their atrocities because of their possessions of thousands of nuclear weapons. They are delusional and talks like a drunken fool. If they continues to move forward with their war plans, I think nuclear war is imminent. Israel PM Nethanyahu is Hitler.

Posted by Mabel > 1 month ago | Report Abuse

The strength of the RM is on an uptrend based on the technical chart. It looks like the appreciation of the RM is too fast and too soon, which may cause more problems for exporters to do business.

I strongly believe it would be beneficial for BNM to reduce the interest rate by 25 basis points to moderate the strength of the RM. A gradual appreciation of the RM would give businesses enough time to adjust to this new phenomenon.

There are many advantages to reducing the interest rate by 25 basis points. Loan borrowers would have lower installments to pay, freeing up extra money that can be used to invest in property, the stock market, buy cars, etc. This extra spending would improve the Malaysian economy and further boost GDP.

I hope BNM will reduce the interest rate by 25 basis points soon, as it would help the KLSE to perform better.

Singapore has a unique approach to managing its currency appreciation. The Monetary Authority of Singapore (MAS) primarily uses the exchange rate as its main monetary policy tool, rather than adjusting interest rates like many other central banks. Here are some key strategies they employ:

MAS manages the Singapore Dollar Nominal Effective Exchange Rate (S$NEER), which is pegged to a basket of currencies from Singapore’s major trading partners. By adjusting the slope, width, and midpoint of this policy band, MAS can influence the appreciation or depreciation of the Singapore dollar.

During periods of high inflation or economic recovery, MAS may allow the Singapore dollar to appreciate to control inflation. Conversely, during economic downturns, they might ease the policy to stimulate growth.

MAS often makes gradual adjustments to the policy band to avoid sudden shocks to the economy. This helps businesses and consumers adjust more smoothly to changes in the currency’s value.

By using these methods, Singapore aims to maintain price stability and support sustainable economic growth, balancing the needs of exporters and the broader economy.

Posted by Mabel > 1 month ago | Report Abuse

Petronas Chemicals Group Berhad (PCHEM) did experience forex losses in their latest financial results. Specifically, in the first half of FY2024, PCHEM reported an unrealized forex loss of RM200 million due to the USD-denominated shareholders’ loan for the Pengerang Integrated Complex (PIC). This was a significant factor impacting their financial performance.

https://klse.i3investor.com/web/blog/detail/kenangaresearch/2024-08-19...

Posted by Mabel > 1 month ago | Report Abuse

A good example is Sapnrg Q2 Result recently.

The Groups have to make provision for Foreign exchange loss despite great progress. The Group reported a loss after tax and minority interests (“LATAMI”) of RM5 million in Q2 FY2025, compared to RM43 million of profit after tax and minority interest (“PATAMI”) in the corresponding quarter of the previous year (“Q2 FY2024”). Foreign exchange losses totalling RM101 million, primarily due to the depreciation of the US dollar against the ringgit, weighed heavily on the Group's results. Excluding the effect of foreign exchange losses, the Group’s Q2 FY2025 adjusted PATAMI is RM96 million.

Posted by Mohd ImranRafifi > 1 month ago | Report Abuse

Great job, Petchem
https://www.businesstoday.com.my/2024/10/01/petronas-chemicals-lifts-bursa-malaysia-a-welcome-return-to-positive-territory/

Posted by bullrun168 > 1 month ago | Report Abuse

Oil jumps over $3 a barrel as Middle East conflict stokes supply worry
By Georgina Mccartney
October 4, 2024 3:14 AM GMT+8
Reuter

HOUSTON, Oct 3 (Reuters) - Oil prices surged on Thursday as concerns mounted that a widening regional conflict in the Middle East could disrupt global crude flows.
Brent crude futures settled up $3.72, or 5.03%, at $77.62 a barrel. U.S. West Texas Intermediate (WTI) crude futures settled up $3.61, or 5.15%, to $73.71.
Brent futures reached an intraday high of $77.89 per barrel, while WTI futures peaked at $73.97 per barrel, both hitting one-month highs.

Posted by Mabel > 1 month ago | Report Abuse

Key Insights

The projected fair value for PETRONAS Chemicals Group Berhad is RM8.10 based on 2 Stage Free Cash Flow to Equity

Current share price of RM5.80 suggests PETRONAS Chemicals Group Berhad is potentially 28% undervalued

Analyst price target for PCHEM is RM5.79 which is 29% below our fair value estimate..

https://finance.yahoo.com/news/opportunity-petronas-chemicals-group-berhads-033309626.html

Posted by Mabel > 1 month ago | Report Abuse

Key Insights

The projected fair value for PETRONAS Chemicals Group Berhad is RM8.10 based on 2 Stage Free Cash Flow to Equity

Current share price of RM5.80 suggests PETRONAS Chemicals Group Berhad is potentially 28% undervalued

Analyst price target for PCHEM is RM5.79 which is 29% below our fair value estimate..

https://finance.yahoo.com/news/opportunity-petronas-chemicals-group-berhads-033309626.html

Posted by bullrun168 > 1 month ago | Report Abuse

Walaoeh, oil price spike up like mad !
Brent closed at=> $80.93 +2.88 +3.69 %
Heng ah, Ong ah, Huat ah !

Posted by Plantermen > 1 month ago | Report Abuse

PChemical having a bad day

Posted by Havefun > 1 month ago | Report Abuse

Where is the Heng, Ong, huat?

Posted by Plantermen > 1 month ago | Report Abuse

Another record breaking run for S&P. Can our market follow suit

Posted by Mohd ImranRafifi > 1 month ago | Report Abuse

Return to uptrend mode 🤗

Posted by Opportunity88 > 1 month ago | Report Abuse

When the warrant will up again?

Posted by Mohd ImranRafifi > 1 month ago | Report Abuse

When the mother share shoots up to RM6 and above, Opportunity88

Posted by Banana John > 1 month ago | Report Abuse

when the warrant KO - it will shoot up

Posted by Leesa688 > 1 month ago | Report Abuse

https://says.com/my/lifestyle/forbes-best-companies-in-the-world?fbclid=IwY2xjawGMTABleHRuA2FlbQIxMAABHTXRUkzvRbXL96QWVAzNoZBdEmbRKPxtmO-yOZ-CWngNgoayTZTIyyrrAg_aem_PtFLB3QJY-HaJhTEf2leiw
World's Best Employers list 2024

Here are the Malaysian companies that made the list:

86. Petronas Chemicals
Industry: Drugs and biotechnology
Employees: 50,000

Posted by Mabel > 1 month ago | Report Abuse

crude oil prices are expected to rise again after recent weakness, increasing the investor appetite for undervalued oil and gas (COASTAL, TP:RM1.89), (MHB, TP:RM0.61), (PANTECH, TP:RM1.17), (PCHEM, TP:RM6.93) and (VELESTO, TP:RM0.30) related stocks.

Posted by Mohd ImranRafifi > 4 weeks ago | Report Abuse

PETRONAS Chemicals Opens New 2-Ethylhexanoic Acid Plant in Kuantan, Malaysia

https://www.chemanalyst.com/NewsAndDeals/NewsDetails/basf-petronas-chemicals-opens-new-2-ethylhexanoic-acid-plant-in-kuantan-31105

Posted by Diamond7 > 3 weeks ago | Report Abuse

When to buy PChem?
Has it touch the bottom?

Posted by Sslee > 3 weeks ago | Report Abuse

Wait for next quarter result out. Should be not very good quarter due to depreciation of USD against RM. Will have foreign exchange losses because sell in USD cost in RM. And Pengerang complex, recognising finance and depreciation costs.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 3 weeks ago | Report Abuse

An oil refinery’s profitability depends on managing input costs (crude oil), maximizing the crack spread by producing high-demand refined products, controlling operating expenses, and responding to market conditions. Effective risk management and adapting to shifts toward renewables and emissions reduction are increasingly essential for long-term competitiveness.

Example of Revenue Flow:
Purchasing Crude: A refinery buys crude oil at $80 per barrel.
Refining: The refinery processes the crude and produces gasoline, diesel, and jet fuel, each with its own demand and pricing.
Selling Refined Products: If refined products sell for $100 per barrel on average, the crack spread is $20 per barrel.
Profit: After covering operating costs (e.g., $10 per barrel), the refinery makes a $10 per barrel profit.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 3 weeks ago | Report Abuse

The most profitable conditions for a refinery involve a combination of low crude oil prices, high product demand (especially seasonally), wide crack spreads, efficient operations, and minimal disruptions from compliance costs.
The ability to adapt to market conditions and diversify products also plays a role in enhancing profitability during favorable market conditions.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 3 weeks ago | Report Abuse

In general, it's a bad time to buy refinery stocks when crude prices are high, crack spreads are low, demand for refined products is weak, or the sector faces increased regulatory and competitive pressures. Overvaluation, seasonal lulls, and structural challenges from renewable competition also reduce refinery stocks' attractiveness.
For long-term success, it’s best to wait until conditions support stronger profitability, with favorable crack spreads, demand growth, and manageable compliance costs.

Posted by Mohd ImranRafifi > 3 weeks ago | Report Abuse

@Diamond7. Buy when the price is pulling back and most importantly, when you have extra free cash 😁

Posted by NESARAJAH1 > 3 weeks ago | Report Abuse

What happened. Price collapsing

Posted by alyson97 > 3 weeks ago | Report Abuse

??? why suddenly crash??

Posted by nisah395 > 3 weeks ago | Report Abuse

Gosh, drop so much

Posted by mushimushi > 3 weeks ago | Report Abuse

I think the market is pricing in Petros taking over Sarawak. The news already out a few days ago, Petronas will take a haircut in profits after losing out to Petros as the sole aggregator in Sarawak.

Posted by tnang > 3 weeks ago | Report Abuse

oh, below ipo price 5.05. close at lowest in 52w, tomorrow may continue down.

Posted by DJThong > 3 weeks ago | Report Abuse

Gas aggregator has no impact on petchem lah

Posted by BursaVulture > 3 weeks ago | Report Abuse

seems like insider knows the coming qr....

Posted by mushimushi > 3 weeks ago | Report Abuse

Latest news from Abang Johari, Sarawak need RM 100 biliion, reject Mahathir calls on Sarawak to help poorer states.

I think in coming years, development will focus on east Malaysia. There's no way around it, unless Putrajaya strong arm Sarawak on resource distribution. As of now, the situation doesn't look good for Peninsular based companies.