PETRONAS CHEMICALS GROUP BHD

KLSE (MYR): PCHEM (5183)

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Last Price

8.35

Today's Change

-0.10 (1.18%)

Day's Change

8.31 - 8.45

Trading Volume

7,710,400

Overview

Market Cap

66,800 Million

NOSH

8,000 Million

Avg Volume (4 weeks)

5,094,835

4 Weeks Range

8.22 - 8.62

4 Weeks Price Volatility (%)

32.50%

52 Weeks Range

7.87 - 11.08

52 Weeks Price Volatility (%)

14.95%

Previous Close

8.35

Open

8.44

Bid

8.35 x 1,786,100

Ask

8.40 x 7,500

Day's Range

8.31 - 8.45

Trading Volume

7,710,400

Financial Highlight

Latest Quarter | Ann. Date

30-Sep-2022 [#3] | 25-Nov-2022

Next QR | Est. Ann. Date

31-Dec-2022 | 24-Feb-2023

T4Q P/E | EY

8.46 | 11.83%

T4Q DY | Payout %

5.75% | 48.61%

T4Q NAPS | P/NAPS

4.86 | 1.72

T4Q NP Margin | ROE

28.93% | 20.32%

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 3,648 comments

bang_miskin

Huge selling queue @8.95. Which big fund dumping?

2022-09-09 15:46

Nepo

nuy in Pchem @ RM8.95

2022-09-12 11:37

rl68

Petronas Chemicals Group Bhd (PetChem) said its next merger and acquisition (M&A) within the specialty chemicals platform is crucial for the company's future positioning as the group eyes customers from industries including the food and healthcare sectors as end markets for its products. Such specialty chemical pathways, PetChem said in its latest corporate presentation in conjunction with CGS-CIMB ESG Day 2022 on Sept 21, include the likes of food, feed and nutrition, industrial additives, as well as surfactants, household, industrial and institutional (HI&I), and personal care.

2022-09-23 06:30

bullmarket1628

Tommorrow once the Donbast referendum being passed, then Russia will annexed those 4 Donbast regions from Ukraine, then will start war between Russia and Europe, then oil price will spike up to above USD $120 again !

Then all the O & G counters will spike up to sky high especially Pchem's price will break above RM12.00

Heng ah, Ong ah, Huat ah !

2022-09-26 17:41

bullmarket1628

Russia's war in Ukraine is at a dangerous tipping point
Analysis by Nick Paton Walsh, CNN
Updated 1:49 AM EDT, Tue September 27, 2022

https://amp.cnn.com/cnn/2022/09/27/europe/putin-binary-moment-russia-ukraine-war-tipping-analysis-intl/index.html

Kramatorsk, Ukraine(CNN) The chaos of the past week might be incorrectly comforting. Despite Russia's continued disastrous handling of its war of choice in Ukraine, the conflict's most dangerous moment may be nearing.
At some point this week, the Kremlin will likely declare that "sham" referendums in four partially occupied areas of Ukraine have delivered a mandate for their swift assimilation into what Moscow calls Russian territory…

2022-09-27 18:41

bullmarket1628

Latest news from CNN…
A war between Russia & USA/Europe will be ignited anytime from now if the ‘Sham’ referendum results is in favour to russia (of course is a sure guranteed passed results created by Russia), So, since russia will use this results by annexed 4 Ukraine’s regions and as an excuse for them to publicly giving mandate to them to sending millions of troops to based the stations permanently into this 4 regions,
then a new World War III cannot be avoid and will happened anytime from now already !

Then the Oil price definitely will immediately shooting up to sky high !

And then all the O & G counters definitely will follow to spike up like mad already !

2022-09-27 18:42

bullmarket1628

Post removed.Why?

2022-09-28 07:03

Pinky

Your limit up call has been there even before the birth of Jesus

2022-09-29 08:29

bullmarket1628

Post removed.Why?

2022-10-04 08:09

bullmarket1628

Post removed.Why?

2022-10-05 07:17

bullmarket1628

Oil prices could soon return to $100 as OPEC+ considers ‘historic’ cut, analysts say
PUBLISHED MON, OCT 3 2022 6:43 AM EDT

Lee Ying Shan @LEEYINGSHAN
Sam Meredith @SMEREDITH19

https://www.cnbc.com/amp/2022/10/03/opec-oil-prices-could-soon-return-to-100-a-barrel-analysts-say.html

KEY POINTS
* OPEC and non-OPEC producers, a group often referred to as OPEC+, will meet in Vienna, Austria on Wednesday to decide on the next phase of production policy.
* The oil cartel and its allies are considering an output cut of more than a million barrels per day, according to OPEC+ sources who spoke to Reuters.
* "The OPEC ministers are not going to come to Austria for the first time in two years to do nothing. So there's going to be a cut of some historic kind," said Dan Pickering, CIO of Pickering Energy Partners.

2022-10-05 07:37

bullmarket1628

Post removed.Why?

2022-10-06 07:20

bullmarket1628

White House Disappointed With OPEC’s ‘Shortsighted’ Decision
By Charles Kennedy - Oct 05, 2022, 12:00 PM CDT

https://oilprice.com/Energy/Energy-General/White-House-Disappointed-With-OPECs-Shortsighted-Decision.amp.html

A White House statement following the OPEC+ decision to defy the Biden administration with an output cut for November vows to find new ways to temper OPEC’s control over energy prices. 

Earlier on Wednesday, members of OPEC+ said they would cut November production quotas by 2 million bpd, citing the “uncertainty that surrounds the global economic and oil market outlooks”. 

The decision immediately led to a more than 2% increase in Brent crude and WTI prices and goes directly against the Biden administration’s attempts to lobby Saudi Arabia for higher production to bring prices down. 

Shortly after the release of an OPEC+ press release detailing the output cuts, the White House said, “In light of today's action, the Biden Administration will also consult with Congress on additional tools and authorities to reduce OPEC's control over energy prices.”

2022-10-06 07:42

bullmarket1628

OPEC+ agrees deep oil production cuts, Biden calls it shortsighted
By Ahmad Ghaddar, Alex Lawler and Rowena Edwards
October 6, 2022 4:33 AM GMT+8Last Updated 17 min ago

https://www.reuters.com/business/energy/opec-heads-deep-supply-cuts-clash-with-us-2022-10-04/

VIENNA/LONDON, Oct 5 (Reuters) - OPEC+ agreed steep oil production cuts on Wednesday, curbing supply in an already tight market, causing one of its biggest clashes with the West as the U.S. administration called the surprise decision shortsighted.
OPEC's de-facto leader Saudi Arabia said the cut of 2 million barrels per day (bpd) of output - equal to 2% of global supply - was necessary to respond to rising interest rates in the West and a weaker global economy..

2022-10-06 07:55

bullmarket1628

Post removed.Why?

2022-10-07 07:15

loc187213

Post removed.Why?

2022-10-07 09:00

bullmarket1628

Post removed.Why?

2022-10-08 07:44

Pinky

Walaoeh u are damn annoying spamming all over the place

Bear market la!

2022-10-08 09:26

TreeTopView

Pinky, I totally agree with you about this poster. Even if the oil price is only up by 20 or 50 cents he feels the need to post on every oil related thread. Today it's 26 posts all saying the same thing, taking up way too much space on the main Forum page. It really grinds my gonads !! :)

Rant over :)

2022-10-08 10:47

rl68

@TKW,admin, please take action.

2022-10-08 11:45

Pinky

@TreeTopView exactly, misleading other forum users/readers into thinking that there is something worth reading, then we click in to see his rubbish huat ar heng ar shouts. Rubbish!

Misleading other

2022-10-08 12:59

Michael Kwok

Sell call Pchem 8.50-8.57
Tp below rm 6
8/10/2022 8.35pm

2022-10-08 20:35

Pinky

Add! Even chart-wise it looks good now

2022-11-03 12:59

Mohd ImranRafifi

Petronas Chemicals Group Bhd is seeing softening demand, especially for polymer products, amid the high cost of energy continued amid the extended Covid-19 lockdowns in China.

In a statement, managing director and CEO Mohd Yusri Mohamed Yusof said the prices of olefins and derivatives are expected to moderate further until the easing of restrictions in China.

However, he said urea prices are expected to remain high between US$550 a tonne to US$700 a tonne as energy prices remain elevated due to the ongoing Russia-Ukraine war.

2 months ago

Mohd ImranRafifi

In the third quarter ended Sept 30, 2022, PETRONAS Chemicals posted a net profit of RM1.9bil compared with a net profit of RM1.96bil in the previous corresponding quarter amid softer margins and lower contributions from joint ventures and associates.

"While the stronger US Dollar boosted our revenue, we faced margin pressure as a result of higher operating costs," said Mohd Yusri.

The group's earnings per share dropped to 24 sen as compared with 25 sen in 3Q21.

For the quarter, revenue came to RM7.03bil, which was 21.96% higher than in the same quarter in 2021, owing to higher product prices amid the stronger US dollar and higher sales volume.

2 months ago

Mohd ImranRafifi

According to Mohd Yusri, product prices remained elevated during the quarter on high crude oil and energy prices, although lower than in 2Q22.

The goup's production and sales volumes improved with its plant utilisation rate rising to 97% from 72% in 2Q22.

About 70% of PETRONAS Chemicals' production volume is exported within the Asia Pacific region, of which, Southeast Asia makes up about 40%, it added.

2 months ago

Pinky

Solid results la, don't really hope for magic

2 months ago

CurryBento

Corporate earnings remain in focus as investors look out for the release of bank earnings result on the penultimate day of the results period.

As at 12.30pm, the key index was down 15.38 points to 1,471.16. However, there remained some buying interest in the broader market with 501 gainers compared with 386 decliners.

Trading volume was 1.89 billion shares valued at RM1.12bil.

2 months ago

CurryBento

There was some upside sentiment in regional markets as Beijing announced support for property developers, which lent some relief to the ailing sector, although public unrest over the China's Covid lockdowns threatened to derail its economic prospects.

China's composite index jumped 2.2% to 3,146 and Hong Kong's Hang Seng leapt 3.85% to 17,964.

Japan's Nikkei dropped 0.5% to 28,025 while South Korea's Kospi gained 0.75% to 2,426.

In Australia, ASX200 rose 0.3% to 7,249.

2 months ago

Pinky

chance to accumulate more?

2 months ago

bang_miskin

Seems like a decent company. I personally would accumulate more if I got the extra cash.

2 months ago

TehBeng

plant utilisation of 85.1% producing 7.1 million metric tonnes of petrochemical products due to statutory turnarounds at five plants.

PCG recorded petrochemical sales volume of 5.7 million metric tonnes on the back of stable petrochemical product prices, in line with market recovery and tight supply

2 months ago

TehBeng

As for its clean energy solutions provider Gentari Sdn Bhd, which was officially launched in September, to date, the company has installed 89 charge points in Malaysia.

This includes 49 charge points in Suria KLCC, making it the biggest electric vehicle (EV) charging hub in Southeast Asia.

The hub also features the first DC fast charger deployed in a Malaysian shopping mall and the first EV charger installed with digital out-of-home advertising in Southeast Asia.

2 months ago

Fabien _the efficient capital allocator

Earnings may have peaked in 2021-2022. But PCHEM is still expected to make at least 6billion profit per year which you are paying only paying 11-12x

1 month ago

rl68

@Fabien, may I know how you derive 6 billion net profit?

1 month ago

Fabien _the efficient capital allocator

From Maybank IB report, consensus net profit for both FY2023 & 2024 is RM6.2bil

1 month ago

rl68

@Fabian, tqsm

1 month ago

fooming

Petroliam Nasional Bhd’s (Petronas) subsidiary Petronas Petróleo Brasil Ltda (PPBL) and its partners have won the Agua Marinha exploration block during the first cycle of Brazil’s open acreage under the production sharing regime bid held in Rio de Janeiro.

1 month ago

fooming

PPBL will hold a 20% participating interest in the block located in the Campos Basin, while Petrobras (the operator) will hold 30%, TotalEnergies 30%, and QatarEnergy 20%.

1 month ago

fooming

PPBL recently announced the first oil discovery at the 4-BRSA-1386D-RJS well in the pre-salt Sépia oilfield in the Santos Basin. It has a 21% participating interest in the field.

1 month ago

fooming

PPBL also holds participating interests in the Tartaruga Verde (BM-C-36 concession) and Module III of the Espadarte (Espadarte concession) deepwater fields, as well as three deepwater exploration blocks, C-M-541, C-M-661 and C-M-715, in the Campos Basin.

1 month ago

VTrade

Santa sudah tiba… Cepat naik to up up

1 month ago

firehawk

so shock to see this at 8.18, a few mths ago thinking to enter at about 9, however didn't make it ..... the only -ve factor about this stock is, growing is limited and yet, so unexpectedly this can cause price sliding so much :D
maybe funds are cashing out.

1 month ago

kl_guy

next resistance level rm8.50 . Last 2 day kena dump , now pick up again .

1 month ago

unicornbird

Anyone knows how BASF can help Petchem perform better in long term?

1 month ago

bang_miskin

Also surprised with current price. Weeks ago think can pecah RM9. Now I know why I'm poor, lol!

4 weeks ago

Pinky

The worst should be over for PCHEM. With China reopening, the way can only be up going forward

2 days ago

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