PETRONAS CHEMICALS GROUP BHD

KLSE (MYR): PCHEM (5183)

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Last Price

8.52

Today's Change

+0.02 (0.24%)

Day's Change

8.47 - 8.54

Trading Volume

1,299,800

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
9 people like this. Showing 50 of 3,633 comments

HK_Wealth_Management

As we talk about regularly, concentrate on your current business unit, do not involve any Crude Oil future transaction, one of Singapore Crude Oil company bankrupt due to loss more than 0,7billion SGD of long Crude Oil future on 2020 March, now at least 2 years time no dividend provide for the shareholder

2022-07-06 12:29

HK_Wealth_Management

2025 all car makers will occupy or replace more than 30 percent of electric car to the market in the world, this is trend

2022-07-06 17:24

Sweetchocalates

Jialat. Petronas assets got seized

2022-07-12 21:27

Pinky

PCHEM is doing petrochemicals la, cars going electric minimal effect to it

2022-07-13 09:17

Michael Kwok

Probably in the late 7 range.Sell on strength if got rebound.probably above 8.50.
Price 8.00
13/7/2022 12.41pm

2022-07-13 12:42

Michael Kwok

Above also include sell call once above rm 8.50.after tht early rm 6 range.

2022-07-13 12:44

dompeilee

WaterFALL!!!!! Regret a bit selling too early @ 8+ but now...

2022-07-13 16:17

kl_guy

rm9.00 got chance .

2022-07-19 09:56

kyliew

Breaking News!!!!!
US enters technical recession as economy shrank 0.9% in Q2

2022-07-28 22:08

Michael Kwok

sell call petchem 8.80 range.
Tp 5.50-6.00(the real thing)
4/8/2022 1.01pm

2022-08-04 13:01

Philip ( buy what you understand)

If every year you are getting 46 cents dividend... And earnings per year is 92 cents. Do you really think you will want to sell pchem at 5.50-6 ringgit? Not only is the management have a guidance of 50% profit earnings payout, you also have growing earnings for the company. Think about it, if every year the company has earnings of 1 dollar and pay out 50 cents, you want to sell for 5.50 meh?
>>>>>>

Michael Kwok

sell call petchem 8.80 range.
Tp 5.50-6.00(the real thing)
4/8/2022 1.01pm

2 weeks ago

2022-08-22 19:48

Fabien _the efficient capital allocator

EPS 90sen...earnings about 7billion.

enterprise value of this company is about 55billion after taking in net cash of 16billion.

Very strong cash flow generation. annualised cash flow of 8 billion.

To me, the decision is pretty clear.

2022-08-22 21:07

bullmarket1628

Post removed.Why?

2022-08-23 10:52

bullmarket1628

Wow, Fantastics !

Now Hibiscs already traded at=>
0.965 (+0.065)(+7.2%) !



Heng ah, Ong ah, Huat ah !

2022-08-23 11:59

bigby7

This Pchem will bull run until rm10 anytime

2022-08-30 15:58

bang_miskin

Huge selling queue @8.95. Which big fund dumping?

2 months ago

Nepo

nuy in Pchem @ RM8.95

2 months ago

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.

2 months ago

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 !

2 months ago

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…

2 months ago

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 !

2 months ago

bullmarket1628

Post removed.Why?

2 months ago

Pinky

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

2 months ago

bullmarket1628

Post removed.Why?

2 months ago

bullmarket1628

Post removed.Why?

2 months ago

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.

2 months ago

bullmarket1628

Post removed.Why?

2 months ago

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.”

2 months ago

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..

2 months ago

bullmarket1628

Post removed.Why?

2 months ago

loc187213

Post removed.Why?

2 months ago

bullmarket1628

Post removed.Why?

1 month ago

Pinky

Walaoeh u are damn annoying spamming all over the place

Bear market la!

1 month ago

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 :)

1 month ago

rl68

@TKW,admin, please take action.

1 month ago

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

1 month ago

Michael Kwok

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

1 month ago

Pinky

Add! Even chart-wise it looks good now

1 month ago

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.

1 week 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.

1 week 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.

1 week ago

Pinky

Solid results la, don't really hope for magic

1 week 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.

1 week 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.

1 week ago

Pinky

chance to accumulate more?

6 days ago

bang_miskin

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

6 days 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

5 days 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.

5 days ago

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