KLSE (MYR): PCHEM (5183)
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Last Price
4.01
Today's Change
0.00 (0.00%)
Day's Change
4.00 - 4.08
Trading Volume
3,359,600
Technical chart looks promising and positive. Based on my last post I still keep my long term positive outlook. Partly reduced sell off on PetChem shares and compared to last week overall bursa fund exit out are also reduced. This could be of support for another couple of week till we know extent in Jan 2025.
Storm has not fully cleared yet as there could be partial volatility ( global outlook ) but I’m optimistic in long run. For short term , we have all gained since last 2 weeks movement.
2 months ago
PM akan umum formula agihan gas Petros-Petronas, kata Abang Jo
https://www.freemalaysiatoday.com/category/bahasa/tempatan/2024/12/10/pm-akan-umum-formula-agihan-gas-petros-petronas-kata-abang-jo/
Petronas - Petros dispute finally reach win-win solution, no wonder Petronas related stocks all shot up quickly yesterday. Today, oil related stocks is likely to continue up trends.
2 months ago
KUCHING (Dec 6): Inner Mongolia Yuantong Coal Chemical Group Co Ltd, a leading China company, has proposed the establishment of a state-of-the-art petrochemical plant in Sarawak, in line with the state’s vision for industrial and economic development goals.
2 months ago
KUCHING (Dec 6): Inner Mongolia Yuantong Coal Chemical Group Co Ltd, a leading China company, has proposed the establishment of a state-of-the-art petrochemical plant in Sarawak, in line with the state’s vision for industrial and economic development goals.
Sad country, no unity!
2 months ago
This stock seems like losing momentum dy,those who get trap, maybe can sell at next rebound price around 4.9-4.92 , most likely continue downtrend after that.
1 month ago
Petronas Chemicals (PCHEM) is expected to recover in 2025 as reported by a local research house.
With cyclical trends influencing the industry, polyolefin prices are projected by the local research house to rise in 2025, averaging USD1,150 per tonne.
PCHEM is also planning a major turnaround for one of its crackers, aligning with global maintenance cycles for plants commissioned between 2018–2022. These turnarounds are expected to tighten polyolefin supply, driving higher selling prices.
1 month ago
Nice...closed at RM 5.01...
Mabel still holding...
Mabel starts to re-enter PCHEM after it breaches both support level at RM 4.53 conservatively as the QR is expected to be announced on the 28th November.
With PCHEM EPS of MYR 0.25 (as per the latest data) and the PE ratio of 19.02:
PCHEM Fair Value Price = 0.25 ×19.02 = RM 4.76
This means that Mabel has collected at a good price given today’s closing prices is MYR 4.55 which is slightly under the above fair value...
1 month ago
https://www.scoop.my/news/241574/petronas-staff-to-be-shown-the-door-to-make-up-losses-from-petros-deal/
Petronas cutting back
1 month ago
Dakewlest Mabel, do u still think it is worth buying at this price?
27/12/2024 11:32 PM
It's actually your call. If you need to buy, buy at support level 5.07/4.96
As always trade at your own risk..
Meow
1 month ago
awww, this metaverse guy need to cook a lil longer, he didnt read the actual reports...
1 month ago
Under current mkt sentiment n the anticipated ugly Q4 result soon, u can always ask for more discount
2 days ago
when china enters a market, they literally kills off other players. look at cars, last time japan have asia, continential cars like vw have europe... china came and now slowly eating both market, same thing with smartphones, solar, and many other industries. i dont know how pchem going to get out of this...
2 days ago
---------- quote ------------
Stock: [PCHEM]: PETRONAS CHEMICALS GROUP BHD
2024-11-13 20:31 | Report Abuse
Today closing 4.55 , if based on forward eps 24x16pe, the fair value only rm 3.84 !!
---------- unquote ---------
Today closing 4.01 !!!
1 day ago
Ironically, Petronas so poor now that they willing to slash jobs but not slash billion dollar F1 sponsorship.
53 minutes ago
For those who are interested in data, do look into last 3 months of funds that went into Petronas Chemical from institutions , foreign and retailers. On the top 5 holders of local institutions which weheres keeping it stable. On a long run , EPF was still having a net position, even with mask selling. Understand how they sell or buy while still keeping majority of stake. Petronas may go down further and potential long term is risk is there but understand what makes top owners keeping it around in long run. Quite a lot of emotional driven , small kids in this forum..either grow up & grow your money
39 minutes ago
abcb
Keep moving up for window dressing tomorrow
2 months ago