DividendGuy67 Mabel, good to hear you are able to reenter at 6.24. I bought at 6.01 but wasn't able to add anything at lower prices. Now just sitting still and nice to see today's price action to 6.50. Already nearly 2 year's dividend gains but price action is nice with nice potential for some bullish action ahead. Let monitor and see. 20/07/2023 8:07 PM
So happy to reenter at RM 6.23. To be honest Mabel still hungry to collect more. Fortunately, the buying continues..
Avoid LCTITAN - it has its own issues with LINE, losses, and more borrowings needed till 2025. I would prefer buying PCHEM dips as I think over the rest of this year and the next, we may (with say 50% chance) already seen the cycle low and we may now be on its next cycle up. Owning when its on its cycle up (if true) will prove rewarding. I am not selling what I bought at 6.01 because if that was indeed its cycle low then, buy and hold baby!
If not sure how to tell cycle low and cycle high, just look at the price chart since 2010. It should be obvious when were the cycle lows and cycle highs. The challenge is to know how long these cycles last - sometimes, it looks like 2 years, sometimes shorter, sometimes longer, but market always alternates, meaning if the last cycle from Mar 2020 to May 2022 was the biggest and longest, then, the next one won't be so big i.e. for this cycle, I'm thinking maybe 1-2 years and maybe half the upside than last time (last time range was massive from 4+ to 11+; this time won't be anywhere like this is my guess).
#hhhiii123 tomorrow open low or not, interesting 22/08/2023 9:33 PM
PETRONAS Chemicals Group Berhad Declares First Interim Single Tier Dividend for Fiscal Year Ending 31 December 2023, Payable on 21 September 2023
PETRONAS Chemicals Group Berhad has declared a First Interim Single Tier Dividend for fiscal year ending 31 December 2023 of 8 sen per ordinary share. Ex-Date is 07 September 2023. Payment Date is 21 September 2023. Entitlement date is 08 September 2023.
When a company pays out a dividend, it signals that the company is profitable and has enough cash to distribute to its shareholders. However, the stock price usually drops by the amount of the dividend after the ex-dividend date. This is because new shareholders are not entitled to that payment.
Last year PCHEM as given us a Yield of 5.85% which is better than ASB. PETRONAS Chemicals Group Berhad is a dividend paying company with a current yield of 5.85% that is well covered by earnings. PCHEM's dividend (5.85%) is in the top 25% of dividend payers in the MY market (5.17%). This also means PCHEM's dividend payments are covered by its cash flows.
Despite some bright spots in the O&D segment (reduction in PIC start-up losses, improved production volumes), PCHEM had another sequentially difficult quarter, underpinned by unplanned F&M shutdowns and poor specialties performance. We revise our FY23/24E estimates lower by 18-24%, but believe the worst is likely over for PCHEM. Our TP is raised to MYR7.00 (+2%) and now pegged to 8x FY24E EV/EBITDA, at -0.5SD to PCHEMs LT Mean (from 6x FY24E EV/EBITDA, at -1SD to Mean previously).
Warren Buffett has excelled in choosing businesses that have been able to stand the test of time through many economic cycles and raise their dividends to shareholders. Dividends may not be the Oracle of Omaha’s secret sauce, but they're a significant ingredient that keeps chugging cash into Berkshire’s account.
"Growth occurred every year, just as certain as birthdays. All Charlie [Munger] and I were required to do was cash Coke’s quarterly dividend checks" – Warren Buffett’s 2022 Annual Shareholder Letter
During his wealth-growth phase, Mr. Buffett sought after companies leading in their respective industry and those facing some trouble that he believed could be solved over time. He famously mentioned that the best time to buy a business is when it is on the operating table.
This is exactly what Mabel is doing, investing in companies leading in their respective industry (80%) and those facing some trouble that he believed could be solved over time (20%).
“Despite (being) an oil trading and storage bub, Singapore faces inherent disadvantages to compete with Malaysia in terms of operating and labour costs and intense competition from new refining and petrochemical parks in Malaysia and Brunei,” said Mr San Naing, senior oil and gas analyst at research firm BMI.
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....