PETRONAS CHEMICALS GROUP BHD
KLSE (MYR): PCHEM (5183)
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Last Price
7.20
Today's Change
-0.02 (0.28%)
Day's Change
7.06 - 7.21
Trading Volume
2,440,900
Overview
Market Cap
57,600 Million
NOSH
8,000 Million
Avg Volume (4 weeks)
2,701,684
4 Weeks Range
6.93 - 7.38
4 Weeks Price Volatility (%)
60.00%
52 Weeks Range
5.84 - 8.72
52 Weeks Price Volatility (%)
47.22%
Previous Close
7.22
Open
7.15
Bid
7.11 x 1,000
Ask
7.20 x 40,000
Day's Range
7.06 - 7.21
Trading Volume
2,440,900
Financial Highlight
Latest Quarter | Ann. Date
30-Sep-2023 [#3] | 28-Nov-2023
Next QR | Est. Ann. Date
31-Dec-2023 | 24-Feb-2024
T4Q P/E | EY
27.89 | 3.59%
T4Q DY | Payout %
3.33% | 92.98%
T4Q NAPS | P/NAPS
4.97 | 1.45
T4Q NP Margin | ROE
6.94% | 5.19%
Market Buzz
2023-11-30
2023-11-29
2023-11-29
2023-11-29
2023-11-29
2023-11-29
2023-11-29
2023-11-29
2023-11-29
2023-11-28
2023-11-28
2023-11-28
News and Blogs
Company Profile
Sector: INDUSTRIAL PRODUCTS & SERVICES
Sector: INDUSTRIAL PRODUCTS & SERVICES
Subsector: CHEMICALS
Subsector: CHEMICALS
Description:
Petronas Chemicals Group Bhd manufactures and sells a variety of petrochemicals. The firm organizes itself into two segments based on product type: Olefins & Derivatives and Fertilizers & Methanol. The Olefins & Derivatives segment, which generates the majority of revenue, sells chemicals used in the production of acrylic acids, antifreeze, printing ink, dyes, gas treating solvents, personal care products, and plastics used in packaging films, wires, cables, and ducting. The Fertilizers & Methanol segment sells chemicals used in gasoline additives, plastic resins, ammonia, and fertilizers. The majority of revenue comes from Malaysia, China, and Indonesia.
Discussions
10 people like this. Showing 50 of 3,948 comments
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).
2023-08-06 19:40
Average ROE of PChem for the past 10 years is 13%.
Source: klse.i3investor.com
2023-08-18 17:24
Berita bak. Petronas akan bekerjasama dgn Microsoft dan Cegal dlm infrastruktur AI
https://www.offshore-technology.com/news/petronas-microsoft-cegal/?cf-view
2023-08-22 12:15
#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.
To Our Success !
Meow
2023-08-23 08:09
EPF is buying without it the price will drop. EPS of 8 cents and dividend of 8 cents is a poor quarter result.
Most likely 2H another 8 cents dividend so with Mabel' dividend Yield of 5.85% the fair price of Pchem is 0.16/0.0585= RM 2.735
2023-08-23 08:56
Haha No Issues Handsome Sslee..
Mabel holding cost is much lower...
Will collect more if it drops at that price..
Meow
2023-08-23 12:10
Actually very good closing at RM 6.81...with Dividend some more...
TA is giving a Target Price of RM 7.40..
What more can you ask?
Life is so beautiful..
Meow
2023-08-23 16:54
2Q23: Equally challenging
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).
Source: Mabel's Tiger Bank
2023-08-23 17:09
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%).
Warren Meow
2023-08-28 12:39
I think next year, should challenge RM8 with 60% probability (i.e. more likely to happen, than not).
2023-08-29 18:59
#DividendGuy67 I think next year, should challenge RM8 with 60% probability (i.e. more likely to happen, than not).
29/08/2023 6:59 PM
Absolutely !
PCHEM did much better this year...
Upcoming dividend of RM0.08 per share at 5.8% yield
Eligible shareholders must have bought the stock before 07 September 2023.
Payment date: 21 September 2023.
Payout ratio is a comfortable 54% and the cash payout ratio is 76%.
Trailing yield: 5.8%.
Within top quartile of Malaysian dividend payers (5.1%).
In line with average of industry peers (5.5%).
To Our Success !
Meow
2023-09-01 17:03
Time to start taking some profit :) More upside potential i.e. 8 - 9 by January.
2 months ago
“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.
2 months ago
https://www.thestar.com.my/business/business-news/2023/10/09/petchem-to-build-largest-chemical-recycling-plant-in-asia?utm_source=Smartech&utm_medium=email&utm_campaign=dailynewsalert&utm_content=20231010&__sta=vhg.uosvpxQddhqne.jsu0sv%7CIBFT&__stm_medium=email&__stm_source=smartech
KUALA LUMPUR: Petronas Chemicals Group Bhd said it will construct Asia's largest advanced chemical recycling plant in Pengerang, Johor, with a capacity of 33 kilotonnes per annum (ktpa).
The plant is targeted to be operational by the first half of 2026, the petrochemicals group said in a statement.
Meow
1 month ago
James_Bond Oh no Mabel is here, hope you r ok with your sinking serbak battleships…
04/10/2023 11:47 AM
Haha someone mention about Serba. Mabel came in when Serba was still a Blue Chip. There are currently 3 types of Investors in Serba:
1. Bonus Issues Investors
2. Pre July21 Suspension Investors
3. Post July21 Suspension Investors
The one that benefits the most is Category 1 who was awarded Bonus Issues, Dividends and took price action during Dec 2020 rally. 2nd is Category 3 who took massive price action during July 2021 rally, Nov and Dec 2022 Pull Back. The Biggest loser are in Category 2 who freeze like Old Monks when they are supposed to take massive Price Action when it matters...
Mabel the Smart Trader..
1 month ago
#Mabel Actually very good closing at RM 6.81...with Dividend some more...
TA is giving a Target Price of RM 7.40..
What more can you ask?
Life is so beautiful..
Meow
23/08/2023 4:54 PM
From PMX budget speech today, for Investor like Mabel is not Good as Brokerage Fees increase by 33% from 6 to 8%. But the Winning from PCHEM, Armada and Sapnrg are so good..
Thank you PCHEM, Mabel decided to lock her profits today. Will cum back when PCHEM retrace back..
Captain Mabel Meow
1 month ago
On 24/2 I broke my own rule by re-purchasing the PChem I SOLD way back in 2021 @ way higher than my original cost of $5.11 in 2015, buying @ $7.44...but after receiving both '23 dividends, I ESCAPED from 60% of my reacquired stake @ $7.57 this morning!🤗
1 month ago
As usual, there is a lot to unpack from Malaysia’s Budget 2024 measures. Everyone’s attention was turned to the increase in the Sales and Services Tax from 6% to 8%. However, there are 3 announcements that will benefit Mabel Malaysia. Here are the Top 3 Beneficiary of Mabel Malaysia from the latest Budget 2024 measures:
*#1 Petronas Chemicals Group*
Good news for Petronas, more specifically for its Pengerang project in Johor. The government has proposed that the Pengerang Integrated Petroleum Complex (PIPC) area be turned into a development hub for the chemical and petrochemical sectors.
It plans to do so by introducing a tax incentive package in the form of a special tax rate or investment tax allowance. Hence, Petronas Chemicals Group (PCG) could stand to benefit from this being an integrated petrochemicals producer, while Petronas (the parent company) was the organisation behind the PIPC project.
Amid a decline in crude oil prices this year, PCG’s revenue has also declined by 6.8% to RM$14.7 billion in 1H 2023 from RM$15.8 billion in 2H 2022. Profits also followed suit with a decline of 51.2% to RM$1.2 billion from RM$2.4 billion over the same period.
In terms of valuation, PCG is trading at a PER of 16.7 times compared to the industry’s average of 30.6 times. Meanwhile, market analysts have PCG at an UNDERWEIGHT investment call, but this could soon change with the latest Budget 2024 measure announcements. It currently gives a dividend yield of 5.6%.
To Our Success !
Captain Mabel Meow
1 month ago
Mabel has locked her 1st Profits for PCHEM last Friday when the Golden Cross happened to fund her donation. Somehow rather find its way back to Mabel as the shares keep climbing steadily this week. It’s now trading above 20, 50, 100 and 200 Moving Averages. MACD signal is very bullish..
Petronas Chemicals Group Bhd said it will construct Asia's largest advanced chemical recycling plant in Pengerang, Johor, with a capacity of 33 kilotons per annum (ktpa). The plant is targeted to be operational by the first half of 2026..
To Our Success !
Captain Mabel Meow
1 month ago
hi , below is my analysis of petronas chemicals group , feel free to give any comment
https://klse.i3investor.com/web/blog/detail/investmentknowledge/2023-10-23-story-h-216935674-Petronas_Chemicals_Group_s_RM_10billion_investment_in_Perstorp_is_FUTIL
1 month ago
Can someone tell me why the intangible asset of PChem increased tremendously in the last year's auditors report as compared with 2021 accounts. ? Will this affect the profit and loss account and balance sheet ? OR is this an accounting tactic to increase the value of the Company ?
1 month ago
Chemical market overcapacity and weakening demand: a perfect storm
Following several years of significant investment in production capacity in China, a perfect storm is hitting the chemicals market, as increased global capacity meets weakening demand. The global oversupply of petrochemicals is expected to hit a record 218m tonnes in 20231 and China is continuing to add capacity, with almost 140m tonnes expected to come onstream in 2023, well in excess of previous years.
Against the backdrop of a worsening macroeconomic outlook and a strong US dollar, chemical market participants are having to contend with an unprecedented level of uncertainty within the industry.
4 days ago
Haha please do...Mabel wang to reenter back...
If can get below RM 6 will be purrfect...
Meow
4 days ago
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DividendGuy67
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!
2023-08-06 19:32