PETRONAS CHEMICALS GROUP BHD
KLSE (MYR): PCHEM (5183)
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Last Price
5.37
Today's Change
-0.05 (0.92%)
Day's Change
5.31 - 5.46
Trading Volume
3,796,000
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
11 people like this. Showing 50 of 4,338 comments
Anwar WILL help to develop Sarawak in exchange of Oil . That's the win win situation !
1 month ago
Brunei and Singapore are small countries . Sarawak so big and widespread . U no common sense ? Btw if u wanna scare off Pchem holders and buy quietly. It's not working lol
1 month ago
2016 calling Maybank GG at price of RM 8, and it went up all the way to RM 11.. u seem bodoh xD...
1 month ago
To be treated fairly is to get thing in exchange and Sarawak will get a huge development project. Buy Sarawak related stocks !
1 month ago
Small brain is you.. following the news blindly xD . Come on common sense those are just assets and can't generate money short term . Even long term with oil price at 70 USD NOONE wants your oil now because supply more than demand.. learn the basic , I know u have pchem too so no need to scare off people here
1 month ago
We all are small fry. A few words in this forum wont change the price . Mr market knows better especially for big cap stocks
1 month ago
Anyways.. upcoming budget 2025.. Sarawak beneficial.. grab your Sarawak stocks.. cmsb , etc
1 month ago
Unable to sustain the sudden hike in prices. upward momentum still intact. Will be good for PChem if last minute push uo
1 month ago
Yesterday some Uncles matched Mabel's selling price at 50% Holding at RM 5.80...
Today collect back RM 5.62
1 month ago
PETRONAS Chemicals Group Berhad (PChem) serves a diverse range of customers across various industries. Some of their major customers include companies in the automotive, construction, agriculture, and consumer goods sectors. They supply essential chemicals like olefins, polymers, fertilizers, and methanol, which are used in manufacturing products ranging from plastics and synthetic rubber to fertilizers and industrial chemicals.
https://www.petronas.com/pcg/
1 month ago
Petronas will likely get short end of the stick and take a big hair cut after PetroS take over Sarawak operation. Near term not looking good. I think the market also expecting this with big cut on pchem target price. Epf also continuously selling.
1 month ago
United States and Israel are trying to fool the world with their children logics to justify their actions in the middle east. The emperor is naked, and the world is witnessing this naked emperor walking around giving speeches for the last 25 years. The world can do nothing about their atrocities because of their possessions of thousands of nuclear weapons. They are delusional and talks like a drunken fool. If they continues to move forward with their war plans, I think nuclear war is imminent. Israel PM Nethanyahu is Hitler.
1 month ago
The strength of the RM is on an uptrend based on the technical chart. It looks like the appreciation of the RM is too fast and too soon, which may cause more problems for exporters to do business.
I strongly believe it would be beneficial for BNM to reduce the interest rate by 25 basis points to moderate the strength of the RM. A gradual appreciation of the RM would give businesses enough time to adjust to this new phenomenon.
There are many advantages to reducing the interest rate by 25 basis points. Loan borrowers would have lower installments to pay, freeing up extra money that can be used to invest in property, the stock market, buy cars, etc. This extra spending would improve the Malaysian economy and further boost GDP.
I hope BNM will reduce the interest rate by 25 basis points soon, as it would help the KLSE to perform better.
Singapore has a unique approach to managing its currency appreciation. The Monetary Authority of Singapore (MAS) primarily uses the exchange rate as its main monetary policy tool, rather than adjusting interest rates like many other central banks. Here are some key strategies they employ:
MAS manages the Singapore Dollar Nominal Effective Exchange Rate (S$NEER), which is pegged to a basket of currencies from Singapore’s major trading partners. By adjusting the slope, width, and midpoint of this policy band, MAS can influence the appreciation or depreciation of the Singapore dollar.
During periods of high inflation or economic recovery, MAS may allow the Singapore dollar to appreciate to control inflation. Conversely, during economic downturns, they might ease the policy to stimulate growth.
MAS often makes gradual adjustments to the policy band to avoid sudden shocks to the economy. This helps businesses and consumers adjust more smoothly to changes in the currency’s value.
By using these methods, Singapore aims to maintain price stability and support sustainable economic growth, balancing the needs of exporters and the broader economy.
1 month ago
Petronas Chemicals Group Berhad (PCHEM) did experience forex losses in their latest financial results. Specifically, in the first half of FY2024, PCHEM reported an unrealized forex loss of RM200 million due to the USD-denominated shareholders’ loan for the Pengerang Integrated Complex (PIC). This was a significant factor impacting their financial performance.
https://klse.i3investor.com/web/blog/detail/kenangaresearch/2024-08-19...
1 month ago
A good example is Sapnrg Q2 Result recently.
The Groups have to make provision for Foreign exchange loss despite great progress. The Group reported a loss after tax and minority interests (“LATAMI”) of RM5 million in Q2 FY2025, compared to RM43 million of profit after tax and minority interest (“PATAMI”) in the corresponding quarter of the previous year (“Q2 FY2024”). Foreign exchange losses totalling RM101 million, primarily due to the depreciation of the US dollar against the ringgit, weighed heavily on the Group's results. Excluding the effect of foreign exchange losses, the Group’s Q2 FY2025 adjusted PATAMI is RM96 million.
1 month ago
Oil jumps over $3 a barrel as Middle East conflict stokes supply worry
By Georgina Mccartney
October 4, 2024 3:14 AM GMT+8
Reuter
HOUSTON, Oct 3 (Reuters) - Oil prices surged on Thursday as concerns mounted that a widening regional conflict in the Middle East could disrupt global crude flows.
Brent crude futures settled up $3.72, or 5.03%, at $77.62 a barrel. U.S. West Texas Intermediate (WTI) crude futures settled up $3.61, or 5.15%, to $73.71.
Brent futures reached an intraday high of $77.89 per barrel, while WTI futures peaked at $73.97 per barrel, both hitting one-month highs.
1 month ago
Key Insights
The projected fair value for PETRONAS Chemicals Group Berhad is RM8.10 based on 2 Stage Free Cash Flow to Equity
Current share price of RM5.80 suggests PETRONAS Chemicals Group Berhad is potentially 28% undervalued
Analyst price target for PCHEM is RM5.79 which is 29% below our fair value estimate..
https://finance.yahoo.com/news/opportunity-petronas-chemicals-group-berhads-033309626.html
3 weeks ago
Key Insights
The projected fair value for PETRONAS Chemicals Group Berhad is RM8.10 based on 2 Stage Free Cash Flow to Equity
Current share price of RM5.80 suggests PETRONAS Chemicals Group Berhad is potentially 28% undervalued
Analyst price target for PCHEM is RM5.79 which is 29% below our fair value estimate..
https://finance.yahoo.com/news/opportunity-petronas-chemicals-group-berhads-033309626.html
3 weeks ago
Walaoeh, oil price spike up like mad !
Brent closed at=> $80.93 +2.88 +3.69 %
Heng ah, Ong ah, Huat ah !
3 weeks ago
https://says.com/my/lifestyle/forbes-best-companies-in-the-world?fbclid=IwY2xjawGMTABleHRuA2FlbQIxMAABHTXRUkzvRbXL96QWVAzNoZBdEmbRKPxtmO-yOZ-CWngNgoayTZTIyyrrAg_aem_PtFLB3QJY-HaJhTEf2leiw
World's Best Employers list 2024
Here are the Malaysian companies that made the list:
86. Petronas Chemicals
Industry: Drugs and biotechnology
Employees: 50,000
6 days ago
crude oil prices are expected to rise again after recent weakness, increasing the investor appetite for undervalued oil and gas (COASTAL, TP:RM1.89), (MHB, TP:RM0.61), (PANTECH, TP:RM1.17), (PCHEM, TP:RM6.93) and (VELESTO, TP:RM0.30) related stocks.
6 days ago
PETRONAS Chemicals Opens New 2-Ethylhexanoic Acid Plant in Kuantan, Malaysia
https://www.chemanalyst.com/NewsAndDeals/NewsDetails/basf-petronas-chemicals-opens-new-2-ethylhexanoic-acid-plant-in-kuantan-31105
4 days ago
Wait for next quarter result out. Should be not very good quarter due to depreciation of USD against RM. Will have foreign exchange losses because sell in USD cost in RM. And Pengerang complex, recognising finance and depreciation costs.
1 day ago
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Ride The Bull Short The Bear
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....
HengyuanZai
With only 3m population and huge land it's impossible to develop without the help of penisular . Even if u have so much oil the demand is not there for them to extract etc. they have to BUY all of PETRONAS assets
1 month ago