PETRONAS CHEMICALS GROUP BHD
KLSE (MYR): PCHEM (5183)
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Last Price
5.81
Today's Change
+0.03 (0.52%)
Day's Change
5.70 - 5.84
Trading Volume
10,055,200
Details of Changes
Securities After Change
Transactions
| Ann. Date | Name | Details of Changes | Securities After Changes | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Date | Type | No. of Shares | Price | Direct (%) | Indirect (%) | Total (%) | ||||
Discussions
10 people like this. Showing 50 of 4,265 comments
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
2 weeks 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.
1 week 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
1 week 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?
1 week 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.
1 week 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
1 week 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.
1 week 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.
1 week 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/
1 week 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.
1 week 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.
1 week 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.
1 week 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.
1 week ago
This counter got a lot of support...wont be so easy to buy cheaper....even EPF average price is higher
1 week ago
Sit tight and wait for the next up circle ... Petrol chemicals have their ups and down. Their business are cyclical in nature
1 week 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.
1 week 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.
1 week ago
Great surge today. Congratulation to those who bought a lot when the price was 5.30 ~ 5.40
1 week 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 week ago
Today the Bull is in charge. IF the trend is strong enough to turn the course moving north again.
1 week ago
institutional investors waiting for signals from Jerome Powell address at Jackson Hole sympoism later today
1 week ago
Pchem chippy ride. Traded
today's low at 5.66 managed
to claw back at 5.72 level. Still below TP 5.90 latest target price by Aminvest
5 days ago
Walaoeh, what happend ?
Super damn hot man Pchem today !
Now Pchem was traded at @RM6.08 (+0.26) (+4.47 %)
Heng ah, Ong ah, Huat ah !
3 days ago
To hit the CI above 1700 points. Concentrate on the banks and group of PETRONAS .other counters will follow catch up. Cheers
3 days ago
FBM KLCI up. But why most counters in Bursa down? Are the Local Institutions pumping in funds?
3 days ago
On Dividend Ex-Date we standby our fingers on the keyboard. Whether to Sell or Not to Sell. Wonder whether will it go further up or move downwards. Praying very hard for Uptrend continuation.
3 days ago
Wah,it reach.bad market 5-8 percent profit look good.please read.
28/8/24 6.28pm
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
3 days ago
Without prejudice. FDI making a play for our banking stocks and other heavyweights. CI link Glic move up but others sort of lack lustre. Remember Fortune 500 { global } Petronas group is Malaysia sole representative. Not a buy call but partly explained why FDI prefers quality grade companies
3 days ago
My itchy fingers eventually press keyboard to SELL and take profit during early opening. Dont dare to hold this counter beyond Dividend Ex date. Yesterdays KLCI increase did not represent the overall bursa market which was mostly down.
2 days ago
Sarawak actively flying solo
https://www.utusanborneo.com.my/2024/08/30/sabc-lantik-abang-johari-sebagai-penaung
Fast forward 10-15 years from today, I doubt that Sarawak is still part of Malaysia. All the writings are already on the wall. If Putrajaya still can't see it, that's too bad.
I don't think what's happening in Sarawak today is something out of the blue, Malaysia is basically in and out of crisis ever since 1997-98, this provider countless opening and opportunities.
Putrajaya need a new agreement with Sabah and Sarawak in order to prevent the unthinkable, otherwise if they broke away from Malaysia one day, it will spell disaster for the country.
1 day ago
Lctitan, Pchem competitor
Will Petronas take lctitan under it's roof?
https://klse.i3investor.com/web/blog/detail/targetinvest/2024-08-31-story-h468114111-I_INVESTED_IN_LCTITAN_FOR_5_REASONS_AND_THE_LAST_REASON_JUST_GAVE_MY_INV
14 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....
Mabel
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
2 weeks ago