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Last Price Today's Change   Day's Range   Trading Volume
5.39   -0.11 (2.00%)  5.35 - 5.42  3,795,000
3,383 comment(s). Last comment by Nepo at Sep 12, 2020 12:17 PM
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AnaiAnai
181 posts

Posted by AnaiAnai > Aug 24, 2020 2:57 PM | Report Abuse

5.98 now. whoever want 5sen dividend. price dropping more than 5sen by many times. not worth to wait for the dividend.


Sin Lee
3 posts

Posted by Sin Lee > Aug 24, 2020 4:19 PM | Report Abuse

Good news, why share price drop?
https://www.thestar.com.my/business/business-news/2020/08/24/petchem-lg-chem-to-build-nitrile-butadiene-latex-plant


AnaiAnai
181 posts

Posted by AnaiAnai > Aug 24, 2020 4:35 PM | Report Abuse

Expanding again? New plant need how many years to complete? 3 yrs or more? more Capex than mean lesser dividend payout in the future with profit margin squeezed. better wait for lower price if you want buy and keep for longer term. more discount coming as no fund willing to buy except ASB?


AnaiAnai
181 posts

Posted by AnaiAnai > Aug 24, 2020 4:53 PM | Report Abuse

closed 5.95. down 20sen. 4x of 5sen dividend. worth to keep and wait for dividend?


izoklse
3169 posts

Posted by izoklse > Aug 25, 2020 5:26 PM | Report Abuse

Huraiii PETRONAS Chemical going for Gloves

PETALING JAYA: PETRONAS Chemicals Group Bhd (PetChem) and LG Chem will venture into the rubber glove industry and have inked an agreement to build a nitrile butadiene latex (NBL) manufacturing plant at Pengerang Integrated Complex (PIC) in Johor.

PetChem said in a press release that this facility will further help strengthen Malaysia’s position as the largest exporter of rubber gloves globally.

“Construction of the plant will begin in 2021 while production is scheduled to start in 2023. When completed, the plant will have an annual NBL production capacity of 200,000 tons, ” it said.


AnaiAnai
181 posts

Posted by AnaiAnai > Aug 26, 2020 9:25 AM | Report Abuse

red again. drop 15sen another 3x of 5sen dividend payout. now already drop 35sen 7x of dividend payout. See worth or not keep for the 5sen dividend?


financesharinghomie
177 posts

Posted by financesharinghomie > Aug 26, 2020 9:34 AM | Report Abuse

keep dropping, not worth keeping till dividend, u lose more than gain


financesharinghomie
177 posts

Posted by financesharinghomie > Aug 26, 2020 9:35 AM | Report Abuse

their "gloves" venture will only start production in 2023... u wait until neck long long also havent start make profit.
perhaps the gloves craze will very much be over by 2022 at most.


blood7 loves kavalan solist
254 posts

Posted by blood7 loves kavalan solist > Aug 26, 2020 2:03 PM | Report Abuse

hi all, i have sold my Petchem long ago, so not here not ask people buy or sell or recommend anything... just want to highlight my observation on the article below... that is :-

PetChem as the biggest petrochemical company cannot produce and manufacture nitrile butadiene alone by itself? no money? no expertise? or not competitive?.... i think as investors we need to think about this.... perhaps discuss with Philip and seek his view? i think some people followed him to invest this counter....

on the other matter, looks like LG Chem is very good..... PetChem wants to work with them; they are the world's biggest EV battery producer and Tesla buys tonnes of batteries from them, i did recommend him LG Chem over Petchem before.... but anyway no point lah since it's not listed here we can't buy it here and also their share price already shoot up to the moon......


Posted by izoklse > Aug 25, 2020 5:26 PM | Report Abuse

Huraiii PETRONAS Chemical going for Gloves

PETALING JAYA: PETRONAS Chemicals Group Bhd (PetChem) and LG Chem will venture into the rubber glove industry and have inked an agreement to build a nitrile butadiene latex (NBL) manufacturing plant at Pengerang Integrated Complex (PIC) in Johor.

PetChem said in a press release that this facility will further help strengthen Malaysia’s position as the largest exporter of rubber gloves globally.

“Construction of the plant will begin in 2021 while production is scheduled to start in 2023. When completed, the plant will have an annual NBL production capacity of 200,000 tons, ” it said.


Choivo Capital
3469 posts

Posted by Choivo Capital > Aug 26, 2020 2:04 PM | Report Abuse

Waiting for my RM5.5 to buy.


Choivo Capital
3469 posts

Posted by Choivo Capital > Aug 28, 2020 12:33 PM | Report Abuse

hoho my price coming liao


Titan
3895 posts

Posted by Titan > Aug 28, 2020 4:19 PM | Report Abuse

Even if their glove venture production can start tomorrow, it doesn't mean it is a good news to petchem. Check TG presentation report. Their raw material is almost the lowest in a decade. Same goes with plastic packaging company. That is why all plastic packaging company has return to profit. Not because the demand or sales increase. Revenue remain almost the same or may +10% but all of them reported profit due to cheap raw material. Hope by 2023, the chemical price gone up la. Anyway, i still park at 4.99.........hehe


AnaiAnai
181 posts

Posted by AnaiAnai > Aug 28, 2020 4:30 PM | Report Abuse

drop another 25sen. 5x of 5sen dividend. total 60sen already that is 12x of dividend payout. penny wise pound foolish.


investortrader88
2020 posts

Posted by investortrader88 > Aug 28, 2020 4:56 PM | Report Abuse

done top up RM 5.49.good luck guys


genghis
149 posts

Posted by genghis > Aug 28, 2020 5:03 PM | Report Abuse

wow,who shot the sheriff..


tkl88
5861 posts

Posted by tkl88 > Aug 29, 2020 8:01 AM | Report Abuse

Wow, Amazing !
Oil price continue to spike up !
Brent=> $45.87 ‪(+0.27) (+0.59 percent) !‬


Mabel
9428 posts

Posted by Mabel > Aug 30, 2020 1:49 PM | Report Abuse

Now more motivation to hold PChem tighter..

Meow


Equityengineer
1655 posts

Posted by Equityengineer > Sep 1, 2020 9:35 AM | Report Abuse

buy in batches


oks911
115 posts

Posted by oks911 > Sep 1, 2020 9:48 AM | Report Abuse

RIP pchem....


financesharinghomie
177 posts

Posted by financesharinghomie > Sep 1, 2020 9:59 AM | Report Abuse

PCHEM is going below 5.00..
Seems like the market believes PCHEM is worth only 4.xx
Dont think this stock can perform at least for the next 6 months.


Equityengineer
1655 posts

Posted by Equityengineer > Sep 1, 2020 10:19 AM | Report Abuse

Dont think need 6 months, maybe 3 months should be ok, i will just collect in batches.


apalumau
1866 posts

Posted by apalumau > Sep 1, 2020 10:35 AM | Report Abuse

what was its IPO price? TQ....


hng33
17227 posts

Posted by hng33 > Sep 1, 2020 10:42 AM | Report Abuse

Brent crude oil recovery will spur up petrochemical recovery from better profit margin forward.


Choivo Capital
3469 posts

Posted by Choivo Capital > Sep 1, 2020 11:04 AM | Report Abuse

topped up abit.


Henry8833
814 posts

Posted by Henry8833 > Sep 1, 2020 2:00 PM | Report Abuse

At current price, it is worth investing. Bought some today. I think foreign funds have been selling lately and supported by local funds and some retail investors


ivan9511
3775 posts

Posted by ivan9511 > Sep 1, 2020 7:06 PM | Report Abuse

Seem good to enter . Another good company can try see prtgas . Osk. Gasm malakof .mnrb . Cbip.ioic.
Ioip trop tenaga mbsb zhulian . Those companies are good.
Osk is my favourite now because too cheap


Nepo
1265 posts

Posted by Nepo > Sep 1, 2020 10:45 PM | Report Abuse

Falling knife..don't catch..


hng33
17227 posts

Posted by hng33 > Sep 2, 2020 10:19 AM | Report Abuse

Pchemcial is good proxy for Petronas, benefited from recovery in crude oil. Strong balance sheet with net cash position + dividend policy 55% offer limited downside risk.


financesharinghomie
177 posts

Posted by financesharinghomie > Sep 2, 2020 4:38 PM | Report Abuse

bought some at 5.50, but i think it will still fall until year end.
maybe can average down if it reaches below 5


Fabien "The Efficient Capital Allocater"
1530 posts

Posted by Fabien "The Efficient Capital Allocater" > Sep 3, 2020 9:03 PM | Report Abuse

PCHEM is my largest holding. One for the long term, easily looking at 10 years down the road.

If it drops more, won't hesitate to add further.

Buy when no one wants it.


Jeffreyteck
3203 posts

Posted by Jeffreyteck > Sep 7, 2020 8:48 AM | Report Abuse

Mof... petronas profit is dependent on oil price.... like that everyone can be the ceo and bod? Lol


Mabel
9428 posts

Posted by Mabel > Sep 10, 2020 12:04 AM | Report Abuse

Today all sectors are down...

All having a period like me :(

Soon when my period subside all of them will turn GREEN..all of them

Meow Meow Meow


Nepo
1265 posts

Posted by Nepo > Sep 12, 2020 12:17 PM | Report Abuse

I have no counter that make me willing to top up.

How how..too baddddddd!

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