PETRONAS CHEMICALS GROUP BHD
KLSE (MYR): PCHEM (5183)
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Last Price
5.71
Today's Change
-0.09 (1.55%)
Day's Change
5.71 - 5.85
Trading Volume
2,968,300
Financial
Market Cap
45,680 Million
NOSH
8,000 Million
Latest Quarter
30-Jun-2024 [#2]
Announcement Date
16-Aug-2024
Next Quarter
30-Sep-2024
Est. Ann. Date
28-Nov-2024
Est. Ann. Due Date
29-Nov-2024
QoQ | YoY
16.32% | 23.73%
Revenue | NP to SH
29,224,000.000 | 1,981,000.000
RPS | P/RPS
365.30 Cent | 1.56
EPS | P/E | EY
24.76 Cent | 23.06 | 4.34%
DPS | DY | Payout %
15.00 Cent | 2.63% | 60.58%
NAPS | P/NAPS
5.16 | 1.11
QoQ | YoY
8.13% | -43.98%
NP Margin | ROE
7.16% | 4.80%
F.Y. | Ann. Date
30-Jun-2024 | 16-Aug-2024
Latest Audited Result
31-Dec-2023
Announcement Date
22-Mar-2024
Next Audited Result
31-Dec-2024
Est. Ann. Date
22-Mar-2025
Est. Ann. Due Date
29-Jun-2025
Revenue | NP to SH
28,667,000.000 | 1,696,000.000
RPS | P/RPS
358.34 Cent | 1.59
EPS | P/E | EY
21.00 Cent | 26.93 | 3.71%
DPS | DY | Payout %
13.00 Cent | 2.28% | 61.32%
NAPS | P/NAPS
5.05 | 1.13
YoY
-73.17%
NP Margin | ROE
6.10% | 4.20%
F.Y. | Ann. Date
31-Dec-2023 | 26-Feb-2024
Revenue | NP to SH
30,454,000.000 | 2,890,000.000
RPS | P/RPS
380.68 Cent | 1.50
EPS | P/E | EY
36.00 Cent | 15.81 | 6.33%
DPS | DY | Payout %
-
NAPS | P/NAPS
-
QoQ | YoY
8.16% | 24.57%
NP Margin | ROE
9.93% | 7.00%
F.Y. | Ann. Date
30-Jun-2024 | 16-Aug-2024
Hints :
Click the QoQ or YoY on table to view the QoQ or YoY Financial Result page.
Click the QoQ or YoY on table to view the QoQ or YoY Financial Result page.
Date
Financial Result
Financial Ratio
Per Share Item
Performance
Valuation (End of Quarter)
Valuation (Ann. Date)
| Date | Financial Result | Financial Ratio | Per Share Item | Performance | Valuation (End of Quarter) | Valuation (Ann. Date) | |||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| F.Y. | Ann. Date | Quarter | # | Revenue | PBT | NP | NP to SH | Div | Net Worth | Div Payout % | NP Margin | ROE | NOSH | RPS | Adj. RPS | EPS | Adj. EPS | DPS | Adj. DPS | NAPS | Adj. NAPS | QoQ | YoY | EOQ Date | EOQ Price | EOQ P/RPS | EOQ P/EPS | EOQ P/NAPS | EOQ EY | EOQ DY | ANN Date | ANN Price | ANN P/RPS | ANN P/EPS | ANN P/NAPS | ANN EY | ANN DY |
PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.
NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.
Div Payout %, NP Margin, ROE, DY, QoQ ⃤ & YoY ⃤ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.
All figures in '000 unless specified.
Discussions
10 people like this. Showing 50 of 4,248 comments
Chart wise showing downtrend. Need a strong breakout to reverse the trend.
1 week ago
no need to waste money to this diving gold metalist in bursa. Invest other rockets which can bring u to the moon. lol
1 week ago
https://www.youtube.com/watch?v=cVWCn6bGj0A
Watch how this beautiful 22 years old Yaroslava Mahuchikh Erased A 37-Year-Old World Record Out Of NOWHERE and here’s the best part. .. Yaroslava Mahuchikh also Breaks High Jump World Record! Paris 2024
Meow
1 week ago
https://klse.i3investor.com/web/blog/detail/DividendGuy67/2024-08-16-story-h-154189035-PCHEM_Approaching_Accumulation_Zone
It's obvious from long term price charts, that this is a cylical stock. Every 4-5 years, we can reasonably expect to see a "cycle" low and it's now around this time +/- 1 year or so.
Long term Position traders patient enough to hold anywhere from 6 months to 4 years will be keen to get something as part of a highly diversified portfolio. No need to read annual reports, quarterly reports, news or anything. This is a large cap stock with market cap of RM42 billion and is owned by respectable funds and institutional investors.
The long term strategy is simple. From 5.30 down to 4.30, just split your bullets and buy as price keeps going down. Let Mr Market decides how much profit you will get and not you. If 50 stocks, neutral is 2% capital, target 1% to 3% capital and let Mr Market decide how much between 1% to 3% capital to give you.
There is no need to monitor the prices daily or even weekly. Just once a month is enough. Once you have a position, and prices starts to recover, just key in target sell prices, also in bullets and update once a month.
This should meet my minimum target of 9% per annum over the next 4-5 years, with very high odds. Maybe even double or quadruple depending on the recovery. Again, let Mr Market decides the returns you'll get.
Never force the trade. Never force the returns. Just relax and enjoy life outside Bursa.
We'll come back and review this recommendation in 4 years time.
1 week ago
No need to read annual reports, quarterly reports, news or anything. This is a large cap stock with market cap of RM42 billion and is owned by respectable funds and institutional investors.
DividendGuy67 : I am absolutely agree with you about this point. 正所谓：英雄所见略同。
1 week ago
Individual quarter ended 30 June 2024: Cumulative quarter ended 30 June 2024
RM Mil
Revenue A9.1 7,728 15,227
Cost of revenue (6,255) (12,383)
Gross profit 1,473 2,844
Selling and distribution expenses (523) (1,030)
Administration expenses (400) (766)
Other expenses (63) (51)
Other income 549 886
Operating profit B4 1,036 1,883
Financing costs (30) (73)
Share of (loss)/profit after tax of equityaccounted associates and joint ventures (66) (65)
Profit before taxation 940 1,745
Tax expense B5 (131) (233)
PROFIT FOR THE PERIOD 809 1,512
Profit attributable to:
Shareholders of the Company 777 1,445
Non-controlling interests 32 67
PROFIT FOR THE PERIOD 809 1,512
Basic earnings per share attributable to
shareholders of the Company:
Based on ordinary shares issued (sen) B13 10 18
Is above a good result?
If without the other income of 549 million what will be the PAT?
1 week ago
Sslee
Individual quarter ended 30 June 2024: Cumulative quarter ended 30 June 2024
RM Mil
Revenue A9.1 7,728 15,227
Cost of revenue (6,255) (12,383)
Gross profit 1,473 2,844
Selling and distribution expenses (523) (1,030)
Administration expenses (400) (766)
Other expenses (63) (51)
Other income 549 886
Operating profit B4 1,036 1,883
Financing costs (30) (73)
Share of (loss)/profit after tax of equityaccounted associates and joint ventures (66) (65)
Profit before taxation 940 1,745
Tax expense B5 (131) (233)
PROFIT FOR THE PERIOD 809 1,512
Profit attributable to:
Shareholders of the Company 777 1,445
Non-controlling interests 32 67
PROFIT FOR THE PERIOD 809 1,512
Basic earnings per share attributable to
shareholders of the Company:
Based on ordinary shares issued (sen) B13 10 18
Is above a good result?
If without the other income of 549 million what will be the PAT?
this result is expected and going to be like that for quite some time. their cracker is not even online. lets talk about competitive edge. they have all of the feed stock crude, coal, gas vs china coal and gas. i can deduce for sure for every metric tonne petchem breakeven company like Sinopec CNPC and their company will burn money. This itself is good enough. China recently become nett exporter of PP and PE
1 week ago
PETRONAS Chemicals registers higher net profit of RM777mil in 2Q, declares 10c div/share
Meow Meow Meow
1 week ago
https://www.thestar.com.my/business/business-news/2024/08/16/petronas-chemicals-registers-higher-net-profit-of-rm777mil-in-2q-declares-10c-divshare
In the second quarter ended June 30, 2024, PETRONAS Chemicals registered a net profit of RM777mil, an improvement from RM628mil in the same quarter a year earlier.
The group reported higher revenue of RM7.73bil, up from RM7.11bil in 2QFY23, while earnings per share rose to 10 sen from eight sen in the comparative quarter.
The board of directors announced a first interim dividend of 10 sen per share, representing a payout of RM800mil or 55% of 1H24 profit after tax and non-controlling interests.
Life is so beautiful
Meow
1 week ago
Hahaha it has been a productive Friday…
Lady Sapnrg is on target to submit Regulation Plan, todays she purrr and climb 14.29%
Yinson FPSO Maria Quiteria arrived in Brazil, today she purrs and climb 7.2%
PETRONAS Chemicals registers higher net profit of RM777mil in 2Q, declares 10c div/share. Today she purrs and climbs 6.23%
Sheikh Mabel is very apy today. Well done to all our 3 National Treasures!!!.
To Our Success !
Meow Meow Meow
1 week ago
Second quarter 2024 earnings released: EPS: RM0.097 (vs RM0.079 in 2Q 2023)
Second quarter 2024 results:
EPS: RM0.097 (up from RM0.079 in 2Q 2023).
Revenue: RM7.73b (up 8.6% from 2Q 2023).
Net income: RM777.0m (up 24% from 2Q 2023).
Profit margin: 10% (up from 8.8% in 2Q 2023). The increase in margin was driven by higher revenue.
Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Chemicals industry in Malaysia.
Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
6 days ago
Petronas chemical 5.63
Sell on strength after rm 6.
Dun think will last long the upward.will put below rm 5 then accumulate bigger amount of shares.
18/8/24 11.28pm
6 days ago
Market Cap: 44,640 Million
NOSH: 8,000 Million
Avg Volume (4 weeks): 4,810,035
4 Weeks Range: 5.28 - 6.14
52 Weeks Range: 5.28 - 7.65
4 weeks and 52 weeks low is 5.28.
Will it drop below 5.28?
5 days ago
Once PIC (Pengerang Integrated Complex) in operation with negative margin spread of naphtha feedstock-ethylene derivative and finance cost cannot be capitalized and huge depreciation cost come in plus if ringgit strengtening against USD then next quarter result will be ugly.
5 days ago
Posted by Sslee > 25 minutes ago | Report Abuse
Once PIC (Pengerang Integrated Complex) in operation with negative margin spread of naphtha feedstock-ethylene derivative and finance cost cannot be capitalized and huge depreciation cost come in plus if ringgit strengtening against USD then next quarter result will be ugly.
yes. u are very right the following quarter will look horrible. if im right its not going to be in operation ethylene propylene are in excess. they are lucky if profit is not in negative territory
5 days ago
Oil price will fall, so it will not be good for Pchem. However, make sure you come back when oil stocks like Perdana or Sealink have erased all the gains pass one year.
5 days ago
but again ss lee the correct approach is not to value a company based on the current situation now especially a cyclical one like this but to access the competitive edge it has over china albeit a very slim one.
5 days ago
Outlook On Petronas Chemicals Remains Gloomy After Further Declines In Q2 🙁
https://www.businesstoday.com.my/2024/08/19/outlook-on-petronas-chemicals-remains-gloomy-after-further-declines-in-q2/
5 days ago
The decrease in profitability is partly attributed to sluggish polymer prices and weak product spreads. Polymer prices for HDPE, LDPE, and LLDPE remained flat during the third quarter to date, mirroring the trends observed in 2Q24. Additionally, the prices for urea and methanol showed minimal change, ranging from 0% to -3%. These trends suggest that the third quarter could also be disappointing, as product spreads continue to struggle.
PCG is aiming for the commercial operations date (COD) of its Pengerang facility in 3Q24. This development is expected to significantly impact the company’s financials, with anticipated annual depreciation and interest expenses of RM400 million and RM200 million respectively. The Pengerang Complex, a 50% joint venture unit, is currently operating at an EBITDA loss due to thin polymer-naphtha spreads, which are less than USD350 per metric tonne. This unit is projected to remain loss-making for the next three years, making the COD a key de-rating factor for the company.
Despite these challenges, analyst maintains a SELL rating on Petronas Chemicals with a revised target price of RM4.18, down from the previous RM5.05. The target price reduction reflects a lower target price-to-earnings ratio (PER) of 15x, adjusting to -0.5 standard deviation from the company’s seven-year average. The gloomy outlook for polymer prices and the challenging operational environment have prompted this cautious stance.
4 days ago
Posted by Ahlian > Aug 20, 2024 8:24 AM | Report Abuse
Looking forward for better result for next Quarter
By what is planned for major plant turn-around, Pengerang complex full operation 3QCY24 and forward products price outlook will next 2 quarters be a better result??
The key takeaways from PCHEM’s analyst briefing are as follows:
1. The ASEAN Bintulu fertiliser plant went offline unexpectedly in May 2024, but had since returned to normal operations. The group is planning a major plant turn-around for this facility in 4QCY24.
2. The PC Ethylene and Polyethylene Kertih plants will undergo statutory turnaround in 3QFY24, which will affect plant utilisation for the O&D division.
3. The Pengerang complex, co-owned by PCHEM and Saudi Aramco, is targeted to achieve full operations by 3QCY24. This could negatively impact the group’s bottom line as it will begin recognising finance and depreciation costs.
4 days ago
yes
must force Elon to use plastic like those USD21 million sports car with plastic encased carbon fibre rather than stainless steel.
also everyone that uses a plastic bag at supermarket gets a RM1.00 free money, no questions asked.
4 days ago
Saw this update. EPS is expected to grow by 55% over the next 3 years,
First half dividend of RM0.10 announced
Shareholders will receive a dividend of RM0.10.
Ex-date: 30th August 2024
Payment date: 12th September 2024
Dividend yield will be 2.7%, which is lower than the industry average of 3.2%.
Sustainability & Growth
Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (46% cash payout ratio).
The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments.
EPS is expected to grow by 55% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
4 days ago
This counter got a lot of support...wont be so easy to buy cheaper....even EPF average price is higher
4 days ago
Sit tight and wait for the next up circle ... Petrol chemicals have their ups and down. Their business are cyclical in nature
4 days ago
This counter got a lot of support...wont be so easy to buy cheaper....even EPF average price is higher
You are right, I am absolutely agree with you.
3 days ago
PCHEM this counter is blue chip. The sell down From 7 in May 24 has been reflected in the report card. Any result or news which is better than the forecast will reflect the share prices movement. Looking ahead the recovery to sustain through till next year. With all the negative news surrounding for now. Most of those need to sell already sell. Looking forward better quarter ahead.
2 days ago
Great surge today. Congratulation to those who bought a lot when the price was 5.30 ~ 5.40
2 days ago
Everyday we have a bull vs a bear in the market. Mr Bull is always fighting with Mr Bear day in day out..what's important we can "cari.makam". Cheers bro
1 day ago
Today the Bull is in charge. IF the trend is strong enough to turn the course moving north again.
1 day ago
institutional investors waiting for signals from Jerome Powell address at Jackson Hole sympoism later today
1 day ago
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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....
EDwarrior
Why pchem keep dropping?
1 week ago