PETRONAS CHEMICALS GROUP BHD
KLSE (MYR): PCHEM (5183)
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Last Price
4.92
Today's Change
+0.09 (1.86%)
Day's Change
4.59 - 4.96
Trading Volume
13,572,500
Major Holders Breakdown
Current Holdings
Name
No. of Shares
Percentage
DATO TING HENG PENG
12,000
40.00%
DATO TING HENG PENG
12,000
40.00%
DATO TING HENG PENG
12,000
40.00%
Historical Transactions
| From | To | Type | No. of Shares | Min Price | Max Price |
|---|
Discussions
12 people like this. Showing 50 of 4,681 comments
If QR loss can still spike so high in one day, meaning it can also fall hard in coming days. Beware ya...
3 days ago
Small freebies by epf..but only few lucky ppl got..beware as the price will not increase anymore for some time
3 days ago
Standby on pc, notebook, hp tomorrow. Just in case if many take opportunity to sell and take profit tomorrow. Some may be afraid to hold their shares as the price may stay low for a very along time. Bitcoin is way much faster.
2 days ago
#speakup Bursa ni is a scam. Big loss company naik tapi profitable company turun. Sebab nilah FF semua lari dari bursa
21/11/2024 4:07 PM
The stock market can be quite unpredictable, and several factors can influence share prices beyond just the company's financial results. Here's a breakdown of why PCHEM's share price went up despite a big loss, and why Nvidia's share price went down despite great results:
PCHEM (Petronas Chemicals Group Bhd)
Sometimes, the market has already priced in the expected losses. If the actual results are better than the worst-case scenario that investors feared, the share price can go up.
Investors might be optimistic about the company's future prospects, such as potential recovery in the next quarters or favorable market conditions such as reversal of the forex loses due to Fed further cutting interest rates.
Nvidia
Nvidia's strong results might have already been anticipated by the market. If the results, despite being good, do not exceed the high expectations, the share price can drop.
Global AI chip giant $NVIDIA (NVDA.US)$released its FY25 Q3 results after the US market closed on November 20, significantly exceeding market expectations. The company's revenue for this quarter was $35.1 billion, up 92% year-over-year, surpassing the consensus estimate of $33.25 billion. Non-GAAP EPS was $0.81, up 103% year-over-year, exceeding the consensus estimate of $0.74.
The reason why so much focus was on NVIDIA's earnings is because they are a bellwether for understanding if the AI spending spree continues, or if it has begun to cool down. Obviously, one company can't speak for them all. But given their importance in the AI space, a look at their sales shows no slowdown in demand, and that the AI boom is still alive and well.
NVIDIA also raised their Q4 revenue outlook to $37.5 billion vs. the consensus for $37B. That would represent another 70% quarterly sales growth vs. last year. Very impressive.
In a nut shell, NVIDIA has now beaten earnings 19 out of the last 21 quarters
*Why the soft response after the report*?
Unlike PCHEM, let’s not forget that they are up 194% YTD. That's on top of last year's 239%. If you had jumped on that AI and semiconductor giant 5 years ago, you’d already be up over +3,000%. We'll see how they trade in the regular session. But it was another stellar quarter. And their position in the "age of AI" (quote attributed to CEO Jensen Huang), couldn't be better.
Yesterday's earnings actually got off to a rough start after Target posted a negative EPS surprise of -19.2%, and a negative sales surprise of -0.94%. Their cautious outlook didn't help matters, which saw the stock down by -22% in the regular session.
But also before the open, Williams-Sonoma posted a positive EPS surprise of 11.4%, and a positive sales surprise of 1.47%. They soared 27.5% in the regular session following their earnings.
Mabel is still holding it because she believe the ride isn’t over yet as AI is transforming every industry, company and country in the next 20 to 30 years. Enterprises are adopting agentic AI to revolutionize workflows. Industrial robotics investments are surging with breakthroughs in physical AI. And countries have awakened to the importance of developing their national AI and infrastructure.
Even our plantation is moving into AI...
https://www.thestar.com.my/news/nation/2024/11/20/ai-boost-for-palm-oil-production
The first palm oil mill in the world using artificial intelligence (AI) technology has been launched here in Malaysia.
With Malaysia’s standing as the world second largest producer of palm oil, the cutting edge smart technology is expected to reduce cost and enhance efficiency.
Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani launched the adoption of the technology at Minsawi Industries Kuala Kangsar Sdn Bhd in partnership with technology provider Artificial Intelligence Robotics Engineering Industries (Airei Sdn Bhd).
Johari said the mill will be able to reduce workforce, especially foreign labour, between 30% and 35%. If all 446 palm oil mills in the country were to adopt this technology, he said foreign workers could be reduced by almost 8,000.
Meow
2 days ago
Hoho >>>
P/B ratio as of November 2024 : 62.0
According to NVIDIA's latest financial reports the company has a price-to-book ratio of 37.4443. The price-to-book ratio is a way to measure how much the stock market thinks a company is worth compared to how much the company says its assets are worth on paper.
Pchem:
P/B 1.03
2 days ago
Shares of Petronas Chemicals have lost more than one-third of their value so far this year while the petrochemical industry grapples with thinning refining margins. The ringgit, meanwhile, appreciated sharply against the US dollar before easing in early October.
Petronas Chemicals’ foreign exchange loss alone in the July-Sept quarter totalled RM1.1 billion.
The consensus’ 12-month target price has also fallen nearly 13% to RM5.01 from three months ago, according to Bloomberg.
https://ceomorningbrief.theedgemalaysia.com/2024/0868/
2 days ago
Maybank Investment Bank, which now has the second-lowest target price for the stock at RM3.82, flagged that the inclusion of losses from its Pengerang Petrochemical Company Sdn Bhd (PPC) would lead to a profit contraction for Petronas Chemicals in 2025 even as overall product spreads improve.
2 days ago
PPC most likely lose making during demand downturn.
Below will make a lot of money during demand upturn:
We refer to our earlier announcement dated 28 November 2023 in relation to the validity period extension of the existing gas sales agreement (“Agreement”) between PETRONAS’ wholly owned subsidiary, PETRONAS Energy and Gas Trading Sdn. Bhd. (“PEGT”) and PCG’s wholly owned subsidiary, PETRONAS Chemicals Marketing (Labuan) Ltd. (“PCML”), for the supply of ethane and propane as feedstock for plant operations at PETRONAS Chemicals Olefins Sdn. Bhd. (“PC Olefins”).
PCG wishes to update that PEGT and PCML have mutually agreed for the price terms of the supply of ethane and propane to PC Olefins to remain as stipulated in the current Agreement, for a period of five (5) years beginning 1 January 2025.
This announcement is dated 20 November 2024.
2 days ago
Today Mabel focus on the Top 3 KLCI Fighters with Highest Volume with each exceeding 5 million shares traded.
PCHEM seems to be holding pretty well. She continues to climb from Yesterday’s RM 4.83..
Mabel renter YTL at Support Level after locking profits yesterday
Mabel also renter YTL Power at Support Level after locking profits in September 2024.
It’s looking good for the Princes of Malaya as everyone are carrying the Green Banners.
To Our Success !
Meow Meow Meow
2 days ago
RM 4.93 oledi....
PCHEM has smashed the 20 Moving Average yesterday, Today it continues to smash the 50 Moving Average with strong buying momentum..
To be honest, it's quite impressive! Despite all the noises from Investment Banks, breaking through both the 20-day and 50-day moving averages with strong buying momentum indicates a significant bullish trend for PCHEM. This kind of movement often reflects increased investor confidence and can signal further upward potential. It's definitely an exciting time for shareholders and those following the stock closely.
So keep an eye on the volume and any upcoming news that might continue to drive this momentum.
2 days ago
Dear Mabel,
Are you using SMA20 and 50 on 1 hour chart?
I applied them on Day and 4 hour chat but I did't PCHEM smashig them
2 days ago
Petrochemical are currently at its down cycle due to capacity expansion far excess demand expansion.
Pchem profit will be lower for years to come and some other players will be lose making and some will close shop.
2 days ago
shorties try to RSS pchem in the morning but buyer has out perform selling . I think shorties need to cover their short if the buyer continue collect . I looking positive on Pchem now.
2 days ago
Kyuki0509 Dear Mabel,
Are you using SMA20 and 50 on 1 hour chart?
I applied them on Day and 4 hour chat but I did't PCHEM smashig them
22/11/2024 11:38 AM
Mabel is using 4h chart...
2 days ago
In South Korea, Lotte Group is facing a liquidity crisis because the subsidiary Lotte Chemical has breached the terms of its loan covenant. Petronas Chemical and Lotte Chemical are capital intensive business and just a small swing in currency exchange and international oil price can burn their business into ashes. LCTITAN (5284) was trading at around the same level as PChem now so never say never blue chip chemical cannot become penny stock. Those uncle who missed the bus to Genting Highland better try something else to play as this airplane has lost power and now just gliding with some wind but once the wind gone it will crash to the deep ocean.
2 days ago
Current Ratio 1.87
Debt-Equity (DE) Ratio 0.44
FCF Yield 1.41 %
Revenue QoQ 3.34 %
Revenue YoY 17.72%
Profit QoQ -201.54 %
2 days ago
Lotte Chemical's debt-to-equity ratio increased to 75.3% as of the end of the first half of 2024, up from 55.1% at the end of 2023. Industry sources expect the company to continue its asset disposal strategy to improve its financial health.28 Oct 2024
2 days ago
LCTITAN | LOTTE CHEMICAL TITAN HOLDING BERHAD
Current Ratio 2.04
Debt-Equity (DE) Ratio 0.81
FCF Yield -69.9 %
Revenue QoQ 9.45 %
Revenue YoY -0.77%
Profit QoQ 0.99 %
Profit YoY -343.36 %
Profit Margin (Sector Median: 3.0) -11.47 %
ROE (ROIC: -4.0) -6.29 %
2 days ago
Pchem :
Current Ratio 1.87
Debt-Equity (DE) Ratio 0.44
FCF Yield 1.41 %
Revenue QoQ 3.34 %
Revenue YoY 17.72%
Profit QoQ -201.54 %
Profit YoY -286.08 %
Profit Margin (Sector Median: 5.6) 2.52 %
ROE (ROIC: 4.11) 4.36 %
2 days ago
Pchem :
Referred QR ended September 2024 :
1.) Cash n cash equivalents/ Bank balances: RM 8,740 million
2.) Loans n Borrowings : RM 3,041 million
-
a) Financial assets
Trade and other receivables 5,724 million
Cash and bank balances 8,740 million
total = 13,429 million
b) Financial liabilities
Loans and borrowings 3,041 million
Trade and other payables 9,624 million
Lease liabilities 1,888 million
total = 14,553 million
a) - b ) = - 1,124 million.
👉 Note : Non Current Lease Liabilities = 1,694 million.
1 day ago
南洋行家论股
国油石化试叩RM5.19/刘礼誉
Tan KW
Publish date: Fri, 22 Nov 2024, 04:15 AM
工业产品板块指数出现触底反弹现象。其中，国油石化（PCHEM ，5183，主板工业产品股）闭市时报收4.83令吉，按日涨26.0仙或5.69%。
另外，双威（SUNWAY，5211，主板工业股）于闭市时报收4.97令吉，按日涨7.0仙或1.43%。
国油石化的日线图处于下跌趋势，但是触碰支撑，超卖讯号出现，股价开始反弹。日线相对强度指数（RSI）处于40.25水平。股价或在短期继续上探5.08至5.19令吉的阻力水平，支撑位置处于4.37至4.53令吉。
1 day ago
Pchem short :
21/11/2024 :
RSS : 683,400
IDSS : 124,100
Total Net Short Position:
25,781,898
14 /11/2024 :
RSS : 194,800
IDSS : 0
Total Net Short Position:
26,792,498
5/11/2024 :
RSS : 1,984,000
IDSS : 25,000
Total Net Short Position:
27,562,298
-
4/11/2024 :
RSS : 270,500
Total Net Short Position:
28,193,198
1 day ago
Petronas Chemicals' Outlook Gloomy, Analysts Warn Amid Mounting Joint Venture Losses
Maybank Investment Bank, which now has the second-lowest target price for the stock at RM3.82, flagged that the inclusion of losses from its Pengerang Petrochemical Company Sdn Bhd (PPC) would lead to a profit contraction for Petronas Chemicals in 2025 even as overall product spreads improve.
https://klse.i3investor.com/web/blog/detail/ceomorningbrief/2024-11-22-story-h474752510-Petronas_Chemicals_39_Outlook_Gloomy_Analysts_Warn_Amid_Mounting_Joint_V
1 day ago
Price target decreased by 7.1% to RM5.27
Down from RM5.68, the current price target is an average from 18 analysts.
New target price is 9.2% above last closing price of RM4.83.
Stock is down 33% over the past year.
The company is forecast to post earnings per share of RM0.25 for next year compared to RM0.21 last year.
Petronas Chemicals Group Bhd's third-quarter performance was significantly impacted by foreign exchange losses, primarily from its 50:50 joint venture with Saudi Aramco, Pengerang Petrochemical Company (PPC). The weakening of the US dollar against the ringgit led to unrealised forex losses, resulting in a net loss of RM789 million, a stark contrast to the RM424 million net profit in the same period last year. Despite the loss, the group's revenue increased to RM7.99 billion, driven by better performance in its commodities segments, which saw higher plant utilisation and production volumes.
Looking ahead, Pchem is preparing for the commercial operations of its new petrochemical units at PPC by the end of the year. However, the start-up of these capital-intensive assets is expected to have a significant impact on earnings, including potential currency translation effects. The group is cautiously optimistic, as a rebound in the US dollar could lead to a partial reversal of the unrealised forex losses. Additionally, the company is facing challenges in its olefins and derivatives segments due to seasonal demand weaknesses, while the fertiliser and methanol sectors are stabilising. Pchem remains cautious about its specialties business amid ongoing macroeconomic uncertainties.
1 day ago
Johnchew5
Pchem short :
22/11/2024 7:10 PM
Thank you Sifu Mickey for sharing these data..
Breakdown of the Data
21/11/2024:
RSS: 683,400
IDSS: 124,100
Total Net Short Position: 25,781,898
14/11/2024:
RSS: 194,800
IDSS: 0
Total Net Short Position: 26,792,498
5/11/2024:
RSS: 1,984,000
IDSS: 25,000
Total Net Short Position: 27,562,298
4/11/2024:
RSS: 270,500
Total Net Short Position: 28,193,198
Looks like the total net short position has been decreasing over time, which indicates that some short sellers might be covering their positions. When short sellers cover their positions, they buy back the shares they initially sold short. This buying activity can potentially drive the share price up, especially if a large number of short positions are being covered.
Technical charts is looking good. 20 and 50 MA has already been breached. Let see if it can break the 100 MA next week...
To Our Success !
Meow
1 day ago
$PCHEM (5183.MY)$ was the top gainer yesterday, rising 1.86 percent to close at RM 4.920
1 day ago
$PCHEM (5183.MY)$ was the top gainer for KLCI yesterday, rising 1.86 percent to close at RM 4.920
1 day ago
Those inexperienced crab stock analysts used financial ratios like ROE/ROA to find winning stock but financial ratios was invented to do forensic accounting and nothing more so it is the same as using Mayan Calendar for doomsday prediction but Mayan Calendar was invented to monitor the harvest period and nothing more.
For the same reason, using technical chart for stock pick is like using measuring tape to pick the best durian but an experienced durian picker will use his nose to smell to pick the best Musang King so those retired uncle who missed the bus to Genting Highland better avoid PCHEM as the engine has run out of fuel and soon will crash landing like Lotte Chemical.
PChem, Felda, THHE, Sapura Energy all have one thing in common which are owned by the class D government and never walk their talk with mostly empty promises. Remember Sime reported huge losses due to exposure to highly speculative commodities derivative and the so-called forex losses of PChem is also most likely linked to derivative contracts and news said they still holding paper loss amounts to billion so just a one tick up or down in the derivative price this paper will swing from billion to many billion as most derivative contracts are highly speculative with many ten to hundred times of leverage.
1 day ago
The company’s debt restructuring is another two quarters away from completion.
THE true test of a business’ resilience lies in how it deals with its lows.
Sapura Energy Bhd, once a prominent player in the oil and gas (O&G) sector, is no exception.
1 day ago
Top 25 shareholders own 89.58% of the company
Ownership Name Shares Current Value Change % Portfolio %
64.4%
Petroliam Nasional Berhad (PETRONAS)
5,148,000,000 RM 25.3b 0% no data
11.6%
Employees Provident Fund of Malaysia
926,143,561 RM 4.6b -0.19% 2.24%
5.14%
Permodalan Nasional Berhad
410,966,500 RM 2.0b 0% 1.12%
2.06%
Kumpulan Wang Persaraan
164,922,439 RM 811.4m 0% 1.22%
1.2%
The Vanguard Group, Inc.
96,198,370 RM 473.3m 0% no data
0.73%
Lembaga Tabung Haji, Endowment Arm
58,077,700 RM 285.7m 0% 1.92%
0.69%
Public Mutual Bhd.
55,368,800 RM 272.4m 0% 1.54%
0.56%
Great Eastern Life Assurance (Malaysia) Berhad, Insurance Investments
44,894,000 RM 220.9m 0% 2.33%
0.51%
Eastspring Investments (Singapore) Limited
41,168,100 RM 202.5m 0% 0.12%
0.43%
AIA Investment Management Private Limited
34,721,300 RM 170.8m 0% 0.39%
0.32%
Singapore
25,802,561 RM 126.9m 0% no data
0.31%
Amanah Saham Nasional Bhd
24,877,800 RM 122.4m 0% 22.12%
0.25%
The People's Bank of China
20,070,800 RM 98.8m 0% no data
0.2%
BlackRock, Inc.
15,785,800 RM 77.7m 0% no data
0.19%
Takafulink Ekuiti
15,293,900 RM 75.2m 0% no data
0.18%
Pertubuhan Keselamatan Sosial
14,546,710 RM 71.6m 0% no data
0.16%
Geode Capital Management, LLC
13,162,561 RM 64.8m 0.05% no data
0.13%
UBS Asset Management AG
10,369,650 RM 51.0m 37.9% no data
0.12%
Dimensional Fund Advisors LP
9,953,817 RM 49.0m 1.02% no data
0.11%
JP Morgan Asset Management
8,991,029 RM 44.2m 3.23% no data
0.08%
Charles Schwab Investment Management, Inc.
6,422,898 RM 31.6m 0% no data
0.069%
Hong Leong Asset Management Bhd.
5,500,000 RM 27.1m 0% 0.64%
0.068%
State Street Global Advisors, Inc.
5,446,600 RM 26.8m 2.98% no data
0.064%
Caisse de dépôt et placement du Québec
5,125,922 RM 25.2m 0% no data
0.061%
Mercer Global Investments Europe Limited
4,891,300 RM 24.1m 0% 0.01%
1 day ago
Ownership Breakdown
Individual Insiders 0.193% 15,428,400 shares
State or Government 0.755% 60,420,071 shares
Sovereign Wealth Funds 5.14% 410,966,500 shares
General Public 9.49% 759,194,625 shares
Institutions 20.1% 1,605,990,404 shares
Private Companies 64.4% 5,148,000,000 shares
1 day ago
Zaid : Oil mining ordinance of Sarawak already repealed. Abang Johari aka enemy of the state lied
https://youtu.be/JqdZW4URED0?si=vu4bB-v6Y8A0qw2V
Next week Pchem go back to RM 6
1 day ago
Sarawak tried to take advantage of the fresh and newbie PH government who knows nothing. Luckily, the people of UMNO and BN who knows the ins and outs of Malaysia defended Malaysia against Cheater and Opportunists foreign and domestic.
Our current PM is useless, he was put in jail for so many years with a lie, and now domestic opportunists wanted to cheat him and PH with lies again.
I think Donald Trump would fire a bad deal maker. A bad deal maker who can't defend himself, let alone defending the country. PH is just a 1 term government. Next election I won't vote for them.
1 day ago
Already all in @4.57 loh. You think I talk so much while sitting on the sideline? Now, just watch the rocket fly.
20 hours ago
Mabel too...
To Our Success !!!
Meow
Stock: [PCHEM]: PETRONAS CHEMICALS GROUP BHD
1 week ago | Report Abuse
Today PCHEM breached both support level :
Support 1 at RM 4.74
Support 2 at RM 4.63
Anyway, 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...
Hope for the best!
9 hours ago
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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
speakup
Bursa ni is a scam. Big loss company naik tapi profitable company turun. Sebab nilah FF semua lari dari bursa
3 days ago