KLSE (MYR): PCHEM (5183)
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Last Price
4.64
Today's Change
-0.20 (4.13%)
Day's Change
4.63 - 4.85
Trading Volume
11,559,300
T4Q
31-Mar-2021
2020
31-Mar-2021
2019
31-Mar-2021
2018
31-Mar-2021
2017
31-Mar-2021
Nasi dah jadi bubur
https://www.utusanborneo.com.my/2024/11/07/status-petros-sebagai-agregator-gas-tunggal-di-sarawak-diumum-dalam-masa-terdekat
Now we know why PChem crashed so much, the insiders already dumped first when the result of the negotiation betweeen Petros and Petronas completed.
4 days ago
Hoho to buy or not to buy , this is the issue … especially the Buy what u Not understand Serba 🐶n 🐉story teller not telling story here but in Jtiasa!🤣
Posted by CharlesT > 18 hours ago | Report Abuse
https://klse.i3investor.com/web/blog/detail/Telegram/2021-06-15-story-h1566847714-Why_I_bought_even_more_SERBADK_bonds_and_stocks
3 days ago
Petronas, Malaysia's national oil company, generates a significant portion of its revenue from Sarawak, including the state's liquified natural gas (LNG) exports:
LNG exports
Sarawak accounts for almost 90% of Malaysia's LNG exports, and Petronas has the sole right to buy and sell the resource. In 2023, 403 LNG cargoes were delivered from the Petronas LNG Complex in Bintulu, Sarawak.
Gas segment
In 2023, Petronas' gas segment contributed about RM101 billion in revenue and RM30 billion in total profits.
Revenue from oil and gas
Sarawak shares revenue from its oil and gas resources with Petronas and the federal government. The revenue is split equally between Petronas Carigali Sdn Bhd (PCSB) and state-owned Petroleum Sarawak Berhad (Petros).
2 days ago
Abang Johari intentionally plays down Sarawak Gas revenue and profits to calm the critics and public
https://www.freemalaysiatoday.com/category/nation/2024/11/10/abang-jo-ready-to-defend-sarawaks-gas-rights-in-court/
In my opinion, given the magnitude of the impact on Petronas, the company should not go down without a fight.
Petronas is in serious trouble taking RM 100 billions revenue and RM 30 billions profit cut.
2 days ago
The impact should reflect on Petronas related companies like petgas petdag and pchem etc in the final quarter of 2024.
2 days ago
If this happens in Texas, the US government might send in the US military to prevent unlawful seizing of assets.
In our case, Putrajaya is unlikely to act, this leaves Petronas on its own on this fight. What will they do now?
2 days ago
To be honest, Anwar is appear to be really weak compares to Dr M on this matter. Abang Joe literally walk all over Anwar. Will he continue to be the weak man of Malaysia or will he respond?
2 days ago
Dsai need the support of Sarawak and Sabah MP to become PMX. So what do you expect him to do?
By the way if the law stated gas found in Sarawak or within Sarawak sea limit belong to Sarawak then please respect the law.
1 day ago
Hoho … What is the royalty of Sarawak oil?
From 5% of gross value previously, the state's oil royalty now includes 20% of net profit from its oil-producing activities. Sarawak's relationship with Petronas has not been on the best of terms since the state started looking at reclaiming its rights over its hydrocarbon deposits under MA63.
1 day ago
This is basically how Petronas vs Abang Joe negotiation looks like
Petronas : Me 90% you 10%
Abang : No
Petronas : Ok, Me 80% you 20%
Abang : No
Petronas : Ok, Me 60% you 40%
Abang : No
Petronas : Ok, Me 40% you 60% ???!$#%#@%#
Abang : No
Petronas : Ok, Me 20% you 80% ???!$#%#@%#!%^$^$#@!!@#
Abang : No, me 100% you get out of Sarawak!!!!
1 day ago
Isn't it ironic, in the effort to fight off corruption and put those perpetrators in jail since 2013, unknowingly there's another power shifting underground taking advantage of the chaos in Putrajaya. Malaysia gained by putting 1 perpetrator in jail, while the rest walk free. At the same time, Putrajaya have totally lost control of Sabah and Sarawak.
Is Malaysia currently facing its biggest enemy since independence? Is PH government Malaysia's biggest failure since 1997?
1 day ago
How does gas aggregator role affect pet chem ?
It’s oil to chems
And there are no pet chem plants yet in Sarawak using gas
1 day ago
Yes 4.00 is my target since Sarawak issue will impact 30% of Petronas revenue. Last month 5.70 with 30% drop is 4.00
1 day ago
#DJThong How does gas aggregator role affect pet chem ?
It’s oil to chems
And there are no pet chem plants yet in Sarawak using gas
11/11/2024 8:39 PM
The news about Sarawak's move to take over the distribution of natural gas in the state could have several implications for PETRONAS Chemicals Group Bhd (PCHEM):
Supply Chain Impact: If Sarawak successfully takes control over the distribution of natural gas, it could affect the supply chain for PCHEM, especially if there are changes in pricing or availability of natural gas, which is a key input for their chemical production.
Operational Costs: Any disruptions or changes in the supply chain could lead to increased operational costs for PCHEM. This could impact their profit margins and overall financial performance.
Legal and Regulatory Challenges: The ongoing legal and regulatory discussions between Sarawak and Petronas could create uncertainty in the market. This uncertainty might affect investor confidence and could lead to volatility in PCHEM's stock price.
Strategic Adjustments: PCHEM might need to adjust its strategies to mitigate any potential risks arising from this situation. This could include diversifying their supply sources or investing in alternative energy solutions.
Overall, while the full impact remains to be seen, these factors could potentially affect PCHEM's operations and financial performance.
Support 1 at RM 4.74
Support 2 at RM 4.63
Meow
19 hours ago
PETRONAS Chemicals Group Bhd (PCHEM) is expected to announce its next quarterly report on November 28, 2024.
19 hours ago
seems like insider knows coming QR will be bad and going forward will be worse.... insider always throw before bad news is made public.
17 hours ago
During the COVID-19 pandemic, PETRONAS Chemicals Group Bhd (PCHEM) experienced significant fluctuations in its stock price. In November 2020, PCHEM's share price was around RM 5.00...
Now it is trading below that level..
Support 1 at RM 4.74
Support 2 at RM 4.63
Trade at your own risk..
Meow
17 hours ago
from 2011 till now , chart show bottom at this level .this is 3rd time , forming a trilpe bottom . RSI at oversold . We might see bottom and rebound soon.
16 hours ago
That dude from jail give freedom to two states. Later kelam kabut because they were crocs. Freedom is not bad. But without control, it's chaos
14 hours ago
Management people using company fund to invest foreign currency with huge loss, affected 5681, 6033
12 hours ago
https://www.dagangnews.com/article/terkini/petronas-petros-negotiation-may-have-broken-down-putrajaya-intervene-44505
Omg, this is going to be very ugly and affect everyone if Petronas loses.
10 hours ago
Maybe court battle is the only way, Petronas must opt for this route as it will delay the take over as long as possible in the order to minimise the impact.
10 hours ago
Anwar need to intervene and stop the take over let the matter settle in court. If Anwar simply let god decide, then PH will lose badly in the next election, they are simply incompetent. Malaysia is on a slippery slope going down hill ever since PH tried to take over Putrajaya. The public thought good times will come but greeted with chaos and calamity one after another. What happened to Malaysia for the past decade is simply not worth it.
10 hours ago
@mushimushi
Anwar dont have the upperhand, without the votes from Sarawak, PH will collapse. So, end of the day, Sarawak gets what Sarawak wants. Is it Anwar's fault? Can't blame him, he doesn't have the numbers.
9 hours ago
Petronas Gas/Dagangan share price ok....the issue is not Sarawak...the issue is forex losses & poor q results expected
9 hours ago
https://www.freemalaysiatoday.com/category/nation/2024/11/12/rafizi-rules-out-vehicle-ownership-cash-transfers-for-ron95-subsidy/
PH government still busy splitting hairs over subsidies while oblivion about the backyard already catches fire.
Subsidies gains is peanut while losing tens of billions in future budget. Man, these PH stooges need to go back to school and learn to do maths again.
9 hours ago
Yup BursaVulture. It's only in Petrochemical products business.
https://www.petronas.com/pcg/
COMMENTARY ON PROSPECTS
The results of the Group’s operations are primarily influenced by global economic conditions, petrochemical
products prices which have a high correlation to crude oil price, particularly for the Olefins and Derivatives segment, utilisation rate of our production facilities and foreign exchange rate movements.
The utilisation of our production facilities is dependent on plant maintenance activities and sufficient availability of
feedstock as well as utilities supply. The Group will continue with its operational excellence programme and supplier relationship management to sustain plant utilisation level at above industry benchmark.
The Group anticipates product prices for Olefins and Derivatives to be soft amidst weak downstream demand and
returning supply from regional turnaround. Fertiliser product prices are forecasted to be firm with increased
agricultural activities upon improving weather, while ample supply continues to weigh down on methanol prices.
The Specialties segment is expected to see limited recovery as the global market conditions remain uncertain with
ongoing geopolitical tension and continued slow recovery in market demand.
8 hours ago
https://www.nst.com.my/news/nation/2024/11/1133203/heirs-now-free-lease-sabah-china-philippines-says-lawyer
Malaysia government should be in the offensive in order to counter Sulu heir for the committing the Sabah invasion of lahad datu, seek damages for USD 1 trillion.
Malaysia should seek UN to label the Sulu heirs as terrorists organizations. Sulu terrorists invasion of Sabah should automatically remove Sulu rights on the lease agreement.
Malaysia should also seek international sanction on Philippines over their acts to provide safe haven to Sulu terrorists and also the scamming cartels and illegal online gaming operating in Philippines.
5 minutes ago
Johnchew5
Hoho agreed.. judging from the yearly DY :
2019 : 3.13 %
2020 : 1.59 %
2021 : 6.10 %
2022 : 5.68 %
2023 : 1.86 %
4 days ago