Posted by Johnchew5 > 1 week ago | Report Abuse

Hoho taught Pchem has support below P/B 0.95 as over 10 years did not drop below 1 .. now is 0.89 le ..let’s see coming QR …

Posted by Mabel > 1 week ago | Report Abuse

Great sharing mushimushi

Thank you!

Posted by thelabshop > 1 week ago | Report Abuse

This is great thanks for sharing :)

--------------------------------------
Investing at night, building www.thelabshop.dk by day

Posted by mushimushi > 1 week ago | Report Abuse

The key to burying Sulu claim for good lies in Brunei, says SAPP's Yong
https://www.thestar.com.my/news/nation/2024/11/15/the-key-to-burying-sulu-claim-for-good-lies-in-brunei-says-sapp039s-yong

Malaysian leaders have the IQ of a chicken, thanks for reminding Sultan of Brunei we owe him Sabah.

All this overbeck agreements should be render invalid ever since the formation Malaysia. Sulu claims can be shot down by simple counter sue to them for the crime of invasion of Malaysia, go seek damages for USD 1 trillion dollars from Sulu. Ask them to pay up the damages first then we'll continue paying back the grant to them based on the Sulu-Overbeck rate.

Posted by mushimushi > 1 week ago | Report Abuse

The British - Malaysia agreement should superceed all older agreements. Plain and simple. Does the Malaysian agreement stated that we need to pay the Sulu or Brunei? UN recognize Malaysia as a sovereign nation. Sulu is a non-existence empire as of today.

Posted by mushimushi > 1 week ago | Report Abuse

We can also argue and request DNA evidence of them being the heir of the Sultan of Sulu. Good luck proving that. If Malaysia can push the arguement that the Sulu is not existence today and that we made the mistake of paying the grant to the fake Sulu heir all this while.

Posted by mushimushi > 1 week ago | Report Abuse

I want to point out that PH are useless, only filled with low IQ trouble makers and non problem solvers.

All this critical dispute issues involving Sarawak and Sulu are settled by BN people. PH people just busy splitting hairs and creating petty problems that do no good for Malaysia.

Posted by Balian de Ibelin > 1 week ago | Report Abuse

Looks low but if you have all available info like EPF you will also dump sell at cheap price.

Trump just told China if they buy 1 barrel of oil from Iran, all China businesses will be shut down in US, no operating license will be issued.
China already agreed to Trump demands.

Oil price will rise. PChem uses oil to fire up their products. Other countries will use Fusion Power. Oil power is the loser. PChem cannot compete.

Regional overcapacity.

To EPF it's a SELL 😁

Posted by Amazonboy > 1 week ago | Report Abuse

Epf selling at low price...is not a good sign...be patient..Lol

Posted by Whythefuss > 1 week ago | Report Abuse

1DERFUL I don’t access to foreign actions unfortunately. One option to look at MIDF weekly fund flow where you can see amount they sell on weekly level

Posted by nisah395 > 1 week ago | Report Abuse

Looking good, does not stay below 4.50

Posted by Mohd ImranRafifi > 1 week ago | Report Abuse

I guess now it's a good timing to enter / collect

Posted by HKHedgeFund > 1 week ago | Report Abuse

buy more

Posted by Mabel > 1 week ago | Report Abuse

As for Mabel, it was the right decision to reenter at RM 4.53 last week

This seems to be a good support level..

As usual trade at your own risk..now waiting to see the QR cum November 28...

Posted by yeinemesis > 1 week ago | Report Abuse

https://theedgemalaysia.com/node/732834
The Edge 05-11-2024 Part news:
'One market watcher said anticipation is rising that PetChem might be issuing a negative profit guidance prior to the release of its results later this month.
This comes amid expected foreign exchange losses and a step up in depreciation charges at PetChem’s Pengerang facilities, he said.'

Is there a possibility of a bad QR? Will share price drop further after QR?

Posted by Mabel > 1 week ago | Report Abuse

Time will tell and we are less than 10 days away from QR...

That's why Mabel did not go all in...

Posted by Mabel > 1 week ago | Report Abuse

Surely all these IB knows about this as well. Look at their respective TP...


Date Open Price Target Price Upside/Downside Price Call Source News
04/11/2024 5.37 6.93 +1.56 (29.05%) BUY TA Price Target News
30/10/2024 5.51 6.93 +1.42 (25.77%) BUY TA Price Target News
19/08/2024 5.65 5.52 -0.13 (2.30%) SELL KENANGA Price Target News
19/08/2024 5.65 6.00 +0.35 (6.19%) HOLD BIMB Price Target News
19/08/2024 5.65 5.90 +0.25 (4.42%) HOLD AmInvest Price Target News
02/08/2024 5.78 6.28 +0.50 (8.65%) HOLD KENANGA Price Target News

Posted by Amazonboy > 1 week ago | Report Abuse

When Q results released...analyst will downgrade TP...Lol

Posted by Mabel > 1 week ago | Report Abuse

Meow Meow Meow

RM 4.62 oledi...so nice..

Posted by Sslee > 1 week ago | Report Abuse

https://www.reuters.com/business/energy/sinopec-aramco-start-building-petrochemical-complex-chinas-fujian-2024-11-18/

Posted by Phoebe > 1 week ago | Report Abuse

Oh dear!!!. China is going to flood the world with everything. It is already less market demand and oversupply. They are building more petochemicals comples? It is going to be like gloves and steel, and the market is going to be depress for many years to come.

Posted by MiaoMiao7 > 1 week ago | Report Abuse

https://theedgemalaysia.com/node/734642

Going forward, Petronas Chemicals said it expects product prices for olefins and derivatives to be soft due to weak seasonal downstream demand and ample supply amid upcoming new capacity in Northeast Asia.

Posted by Nepo > 1 week ago | Report Abuse

No news is good news
No more bad news is good news

Posted by Ahlian > 1 week ago | Report Abuse

QTR 3 loss money 😭

Posted by ultranippon18 > 1 week ago | Report Abuse

First time loss money since ipo. A few years ago, I think pchem is top 5 or 10 market cap klci.
I know this qr is bad, but never thought will lose that much. + with case with Sarawak government, looks quite doom with pchem

Posted by Johnchew5 > 1 week ago | Report Abuse

Hoho 10 years ago China need to maintain 8 % GDP growth to create 10 million new job vacancies …

24 Oct 2024 — China's GDP reached RMB 94,974.6 billion (US$13,004.3 billion) in Q3 2024 economy overview, growing by 4.6% year-on-year.

Posted by Johnchew5 > 1 week ago | Report Abuse

Hoho Repost :

Hoho this is interesting… let’s see coming QR result ended September….an opportunity for Entry or CutWin ???

Referred Pchem :

> QR ended June 2024 :

Exchange Rate :

USD / MYR

Average Rate 4.7323
Closing Rate. 4.7205


>> 30/9/2024 4.12557

USD /MYR is depreciated by 12.85 %


>> As at 31/10/2024 4.37901

USD /MYR is depreciated by 7.47 %


>>> As at 8/11/2024 4.38259

Posted by Carleon Ken > 1 week ago | Report Abuse

If not mistaken first ever quarterly loss money since PChem go IPO ~2010/2011

Posted by Johnchew5 > 1 week ago | Report Abuse

USD to MYR Chart
+33.42%
(10Y)

USD to MYR Chart
+7.13%
(5Y)

USD to MYR Chart
-2.39%
(2Y)


USD to MYR Chart
-4.43%
(1Y)

Posted by yeinemesis > 1 week ago | Report Abuse

https://www.nst.com.my/business/corporate/2024/11/1137097/petronas-chemicals-reports-first-quarterly-loss-rm789mil-its-2010

Wonder what will happen if EPF doesn't support this counter.

Posted by Ryanlim83 > 1 week ago | Report Abuse

First ever net loss and expect next quarter result will not too be good also....Dividend likely will be less this year and might see institutional funds net selling

Posted by 1DERFUL > 1 week ago | Report Abuse

@abcb - May i know where can i find acquisition / disposal real-time update. I am using this link but its delayed. Is there any better source? https://www.klsescreener.com/v2/stocks/view/5183/petronas-chemicals-group-berhad

Posted by prettygal > 1 week ago | Report Abuse

Those who sell from 5.50 till 4.50 committed insider trading lah. Quarterly loss announced here by insiders weeks before the official announcement. But the good news is the current price already priced in the quarter loss.

Anyone knows why the sudden loss? This is a one off loss? Please elaborate, thanks.

Posted by williamh > 1 week ago | Report Abuse

Next QR will see the big draw back from unrealised forex loss from RM 4.14 gone down to near all time low maybe around 4.60.,todate its positive for the next quarter from oct to dec.from 4.14 going back to4.60 and continu

Posted by Sslee > 1 week ago | Report Abuse

PetChem managing director and CEO Mazuin Ismail said the group is gearing up for commercial operations at its petrochemical units in PPC at the year-end.

However, he added that the start-up of the large-scale capital-intensive assets will have material impact to the group's earnings, which includes currency translation effects.

Next quarter will see PPC negatively impact the group’s bottom line as it will begin recognising finance and depreciation costs.

Posted by Balian de Ibelin > 1 week ago | Report Abuse

Prettygal is correct.
Such blatant insider trading.
Already happened umpteen times in Bursa.

Posted by Sslee > 1 week ago | Report Abuse

All this while Pchem is profitable because of protection by Petronas.

Now with 50:50 JV PPC Naptha feedstock based on market price can PPC be profitable?

Posted by williamh > 1 week ago | Report Abuse

Insiders trade already short before qr now tgey covering their positions', very unfair and unequal playing plaform

Posted by williamh > 1 week ago | Report Abuse

Local big govt funds already short before qr out now tgey covering their short positions where is tranparency

Posted by MiaoMiao7 > 1 week ago | Report Abuse

question is, can it drop somemore? RM3.80 possible?

Posted by Ninja _07 > 1 week ago | Report Abuse

Serba Dinamik in the making

Posted by Sslee > 1 week ago | Report Abuse

MiaoMiao7 question is, can it drop somemore? RM3.80 possible?

You need to wait for all IBs analyst new TP.

Posted by curiousq > 1 week ago | Report Abuse

OMG!!!
52 Weeks Range 4.50 - 7.36
tomorrow ???

Posted by prettygal > 1 week ago | Report Abuse

So basically they accumulated all the Forex paper loss of the 2019 US 9.8 billion loans for the Pengerang project, letting them out 1 shot at this quarter. Weird weird weird accounting.

Posted by prettygal > 1 week ago | Report Abuse

US fed rate cut all the way to 0 in the next 6-12 months. All the Forex paper loss will be reversed. So the future is bright, this is the bottom.

Posted by Whythefuss > 1 week ago | Report Abuse

To all data driven members.
On the latest report from Edge - positive outlook looks as below
Net loss RM789mill
Assumed no forex loss : profit estimated RM352mill
Looking into past data from Trading Economics (Pchem Net Income 2010 to 2024 Q3 ) current outlook still looks good. Reason I say this, forex losses are not realised and positive trend in long run ( it will be a slightly long wait ) for this to happen.

For a fear on paper loss vs industry outlook in 10 year horizon, I see it’s unjustified.
I forsee short term risk however long term reward could be expected if a positive reversal occurs.

For coming days / weeks I will still see how foreign / institutions are behaving ( current period still with trickling sell offs). Slight positive ticks are seen on technical charts on RSI, MACD but if this is short lived I don’t know.

For now I’m taking wait and see approach with partial 1/10 standby fund to be added in PetChem.

Posted by ultranippon18 > 1 week ago | Report Abuse

Whythefuss, thank you for detailed explanation.

Posted by mf > 1 week ago | Report Abuse

Dow Jones

Dow Jones Industrial Average

43,214.27

-54.67

0.12%

Nasdaq

NASDAQ Composite

18,840.50

-146.96

0.77%

Posted by 2Invest > 1 week ago | Report Abuse

Whythefuss, agreed with you.

PChem is not alone. Because of hedging, many export based companies will face the same problem.

Posted by Phoebe > 6 days ago | Report Abuse

Maybank downgrade Pchem to RM3.82.