PETRONAS CHEMICALS GROUP BHD

KLSE (MYR): PCHEM (5183)

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Last Price

5.96

Today's Change

-0.10 (1.65%)

Day's Change

5.95 - 6.09

Trading Volume

5,809,600

Company Announcement


Date Subject
Discussions
10 people like this. Showing 50 of 4,113 comments

Mabel

Petronas Chemicals
PCHEM said profit attributable to shareholders jumped to 668 million ringgit in the first quarter, from 532 million ringgit a year earlier.

Basic earnings per share rose to 0.08 ringgit, versus 0.07 ringgit a year ago, according to a Wednesday Malaysian bourse filing.

Revenue, however, slid year over year to 7.50 billion ringgit from 7.56 billion ringgit, the petrochemicals company said.

The board did not recommend a dividend for the period.

1 month ago

Oldboynewnoob

Mabel, still good to pick up? At what price?

1 month ago

Mabel

Oldboynewnoob Mabel, still good to pick up? At what price?
30/05/2024 5:02 PM

Mabel is waiting to pick up at RM 6.3...

Kenanga price target is also good at RM 6.28..

The Real Trick To Investing Is — Patience.

To Our Success !

Meow

1 month ago

Mohd ImranRafifi

Is buying at cheap price a dream? It goes up instead 😅

1 month ago

Mabel

Haha very true...

1 month ago

Mabel

This 56% increase in diesel prices in Malaysia, resulting from the government’s revamp of fuel subsidies, has implications for various sectors, including companies like Petrochemical Corporation of Malaysia (PCHEM). Here are some key points:

Costs and Margins: PCHEM, being a major player in the petrochemical industry, relies on diesel for transportation, logistics, and energy generation. The price hike may lead to increased operating costs for PCHEM, affecting profit margins.

Revenue Impact: If PCHEM sells products domestically, higher diesel costs could impact its customers’ purchasing power, potentially affecting demand. However, if PCHEM exports products, the impact may be less direct, as international markets have varying diesel prices.

Meow

1 month ago

Mohd ImranRafifi

Thanks, Mabel. Then it is not a benefit but an impact

1 month ago

spammerx

I'm still using plastic and with data centre coming up. TNB need all the insulation for the cable.

1 month ago

andytfyap

It seems like the share is consistently going down for weeks. Presume it might fall to the expected prices. Shall we wait and buy at that level?

4 weeks ago

Mohd ImranRafifi

What price do you wish to buy at, andytfyap ?

3 weeks ago

andytfyap

Any suggestion ?

3 weeks ago

kong73

Aiyaa find out what the intrinsic value and buy below that price laa

3 weeks ago

furball

70 to 75 pct of the company’s revenue is generated outside malaysia. So impact of diesel rationalisation will have some impact but not too much i suppose

3 weeks ago

kong73

Their Feedstock price link with the crude oil price

3 weeks ago

Mohd ImranRafifi

Yup, when crude oil price goes up, their feedstock price will go up also

3 weeks ago

Mabel

Mabel reenter today at RM 6.41..

Now waiting at RM 6.40..

Meow

3 weeks ago

James_Bond

Mabel, your serbak dinamik battle ship submerged and brought many people died in the ocean. Now you still dare to bring the rest of newbies to sink with you?! Goodness!

3 weeks ago

kong73

Petchem to fall like Serba Dinamik probability is zero

3 weeks ago

Mabel

SD went downhill due to False accounting . Nothing much we can do when honesty is compromised..

Here we have an honest index company..

kong73 is spot on..

PCHEM is a strong company..

Want to play safe wait until it touches RM 6.3..

Now PCHEM climb up oledi..

Loves this counter..

Trade at your own risk Ya..

Your money your call..

Meow

3 weeks ago

Mabel

PCHEM is listed in Bursa Hall of Fames...

Those with * are the counters Mabel is holding...

Pos Code Stock M-Cap L4Q P/E
1 1155 *MAYBANK* 118135461959.68 12.29
2 1295 PBBANK 81719012204.35 12.28
3 1023 *CIMB* 70593871096.70 9.86
4 5347 TENAGA 68984995902.32 26.50
5 5225 IHH 55219842743.01 16.28
6 5183 *PCHEM* 54960000000.00 31.41
7 6947 CDB 49037703389.84 31.30
8 8869 PMETAL 44081955112.30 29.05
9 5819 HLBANK 41750254149.84 10.67
10 6742 *YTLPOWR* 36125825721.96 10.69
11 6033 PETGAS 35656749108.30 18.76
12 3816 MISC 35219327582.67 17.98
13 4677 YTL 33427033750.20 9.03
14 5285 *SIMEPLT* 30636615682.43 15.07
15 4707 NESTLE 29828400000.00 45.20
16 6012 MAXIS 28038836053.80 28.26
17 1961 *IOICORP* 25455055929.75 28.70
18 2445 *KLK* 25276697918.00 32.71
19 6888 AXIATA 25250274175.50
20 1066 RHBBANK 23574914555.50 8.39
21 4863 TM 23447908790.80 12.44
22 4065 PPB 22619323130.10 15.92
23 5681 PETDAG 21697035360.00 22.44
24 5211 *SUNWAY* 19644237976.54 22.96
25 1082 HLFG 19324184427.60 4.42
26 4197 *SIME* 19151829191.37 5.00
27 3182 GENTING 17407263484.51 7.68
28 5014 AIRPORT 17019255206.40 31.33
29 7084 QL 15672751975.16 35.20
30 4715 GENM 15438916084.80 42.78
31 5296 MRDIY 14550607366.68 25.95
32 5398 *GAMUDA* 14540621082.75 16.17
33 1015 AMBANK 14052143738.56 7.62

To Our Success!

Meow

3 weeks ago

Leesa688

PetChem most disappointing company. After averaging still go down! When go up only a few cents. What is happening to the Petronas companies - Petronas Dagangan shares also plunging!

2 weeks ago

Mohd ImranRafifi

Foreign funds were selling Petronas ... I think

2 weeks ago

bullrun168

Walaoeh, oil price spike up crazily !
Brent closed at=> $86.60 +1.60 +1.88 %
Like that today Pchem going to limit up already liao lah !
Heng ah, Ong ah, Huat ah !

2 weeks ago

Needluck

foreign fund disposing stocks no future......

2 weeks ago

Needluck

Substantively lower institutional transactions in June. As the ringgit was slid slightly to MYR4.715=US$1 last month, the FBMKLCI marginally declined MoM as local institutions were substantively less active, being net purchasers of RM264mil in June (from RM2.4bil in May) while foreigners continued to be net sellers albeit at a slight RM61mil from RM1.4bil in May. 68% of net local institutional purchases were in the financial sector, 22% in plantation, 5.4% in healthcare and 4.5% in construction. Conversely, 72% of the June net foreign sales were in the financial sector, followed by plantation (20%), and healthcare (4%).

In June, foreigners sold out of Public Bank, MayBank, CIMB, YTL Power International, KL Kepong, YTL Corp, Hong Leong Bank, RHB Bank and Petronas Chemicals Group . However, they were net buyers of Tenaga, Press Metal, MISC, VS Industry, Inari Amertron, Mah Sing, AMMB Holdings, Malaysia Airports Holdings and IHH Healthcare.

2 weeks ago

Mohd ImranRafifi

Foreign funds sell off, local funds take over

1 week ago

Needluck

short volume @ 3/7/2024 accumulated 40,528,302 shares, careful o...

1 week ago

Needluck

pchem, axiata, maxis, klk... short selling very thick

1 week ago

zzprozaz

Post removed.Why?

6 days ago

Needluck

this is one of bursa "good" counter, drop from 21/5 until currently...

6 days ago

cessyloo

Can buy in low price? any suggestion?

6 days ago

Mohd ImranRafifi

Use extra cash to buy the dips

5 days ago

Mabel

Mabel collect more today from 6.19 until 6.16....

Meow

5 days ago

Mohd ImranRafifi

Remember don't all in, but buy in batches

4 days ago

Mabel

Touche Bro...

No issue to hold this gem as it has met Mabel's Target Collection price

Valuation

Following the change in our earnings forecasts, we lower our TP to RM7.15/share (previous: RM7.45/share) pegged to 9x CY25 EV/EBITDA. Maintain Hold.
Source: TA Research - 30 May 2024

4 days ago

Needluck

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

4 days ago

Needluck

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

4 days ago

Needluck

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

4 days ago

James_Bond

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

4 days ago

Mabel

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

4 days ago

Mohd ImranRafifi

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

22 hours ago

Followgrass

So, today continue to drop?

8 hours ago

pierre69

just bought 100 lots at RM6.04

2 hours ago

Havefun

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

2 hours ago

MULTIEVER

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

2 hours ago

Havefun

Bought some 5.99

2 hours ago

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

2 hours ago

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