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Last Price Today's Change   Day's Range   Trading Volume
5.84   -0.05 (0.85%)  5.78 - 5.99  1,861,400
3,394 comment(s). Last comment by Choivo Capital at Oct 20, 2020 5:40 PM
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excelyou
1144 posts

Posted by excelyou > Mar 9, 2020 11:27 AM | Report Abuse

Opportunity is today


Icon8888
19022 posts

Posted by Icon8888 > Mar 9, 2020 11:29 AM | Report Abuse

Wow what happen ?


mf
22487 posts

Posted by mf > Mar 9, 2020 11:32 AM | Report Abuse

Oil plunges 10% for worst day in more than 5 years after OPEC+ fails to agree on a massive...


x3sphere
409 posts

Posted by x3sphere > Mar 9, 2020 11:35 AM | Report Abuse

Hopefully less than 4


Sslee
3848 posts

Posted by Sslee > Mar 9, 2020 11:49 AM | Report Abuse

Haha calvintaneng,
Don't be like that. Need to support Philip. Philip in-law money is all in Pchem.


stockraider
18520 posts

Posted by stockraider > Mar 9, 2020 11:49 AM | Report Abuse

Yes more than half of netx assets is cash mah...!!

Netx hold rm 34m net cash mah....!!

Posted by ahbah > Mar 9, 2020 11:46 AM | Report Abuse

Our Ah Jeep say cash is king.

No one can dispute that now !


bensonlam33222
72 posts

Posted by bensonlam33222 > Mar 9, 2020 11:52 AM | Report Abuse

this stock can go very low because of the market cap of 36 billions .EPF can not support the share price.


stockraider
18520 posts

Posted by stockraider > Mar 9, 2020 11:55 AM | Report Abuse

Who is better leh ??

Pchem Rm 4.61 v Lcttitan Rm 1.48 leh ?


Titan
3909 posts

Posted by Titan > Mar 9, 2020 11:56 AM | Report Abuse

very low means can go below 4? or 3.....or 2??........
petchem next 2 Q will be spectacular.....


Icon8888
19022 posts

Posted by Icon8888 > Mar 9, 2020 11:58 AM | Report Abuse

Wait for 3


calvintaneng
38384 posts

Posted by calvintaneng > Mar 9, 2020 12:01 PM | Report Abuse

Already given intrinsic price at Rm3.20 before oil crash

Now if still can be supported at Rm2.50 you sorchai should be very lucky

Hmmm?

The horror of horrors?

Pestchem falls to Rm1.50?

That will be it's cash value


mobidick
130 posts

Posted by mobidick > Mar 9, 2020 12:03 PM | Report Abuse

No way pchem next 2q will be spectacular, there will be 1 methanol plant undergoing maintenance, the Pengerang also only starting to ramp up productions but we know market demand cannot absorb the surplus inventories. So how can pchem perform well FY20. Provided ofc oil price is lower now so cost is reduce but how far can the cost be offset when contracts are done several months back.


CUTLOST
2791 posts

Posted by CUTLOST > Mar 9, 2020 12:03 PM | Report Abuse

Oppurtunity almost everyday becoz it's hit every day low.


investmalysia
1017 posts

Posted by investmalysia > Mar 9, 2020 12:06 PM | Report Abuse

I wonder where is Philip


kinuxian
566 posts

Posted by kinuxian > Mar 9, 2020 12:11 PM | Report Abuse

His GKent is on 5 years low as well. Gov had no oil money to support big construction projects.


stingray_ea
1908 posts

Posted by stingray_ea > Mar 9, 2020 12:27 PM | Report Abuse

Another 100% accurate prediction from stingray_ea

================================

Stock: [PCHEM]: PETRONAS CHEMICALS GROUP BHD
Feb 26, 2020 2:15 PM | Report Abuse

die soon ???
================================


Outliar
299 posts

Posted by Outliar > Mar 9, 2020 12:32 PM | Report Abuse

I honestly think it would be a +ev move to sell all your stocks and go all in on PCHEM, not going to do it though obviously but still.


calvintaneng
38384 posts

Posted by calvintaneng > Mar 9, 2020 12:44 PM | Report Abuse

Petchem may result will report Jan to March 2020 quarter sales. Right in the very center of coronavirus shutdown in Wuhan and others

How to expect good results ?

If earnings fall lower than 4 sen then market will rerate it downward

Petrol chemical business in Spore already collapsed

How petchem could compete?


mobidick
130 posts

Posted by mobidick > Mar 9, 2020 1:15 PM | Report Abuse

@Outliar, do it. I want to see. Good be your big break.


Choivo Capital
3537 posts

Posted by Choivo Capital > Mar 9, 2020 3:17 PM | Report Abuse

For Phillip, sell all to go in might make sense.

For me, honestly, for some reason SAPRNG looks very interesting now. Market cap less than 20% of the enterprise value. Banks are funding your bet (because this is nothing but a speculative punt). Would PNB allow SAPNRG to go down right after putting 8bil into the company?

====
Outliar I honestly think it would be a +ev move to sell all your stocks and go all in on PCHEM, not going to do it though obviously but still.
09/03/2020 12:32 PM


Choivo Capital
3537 posts

Posted by Choivo Capital > Mar 9, 2020 3:27 PM | Report Abuse

I wonder if its possible for RM3 anot. Wahhh i tell you, really delicious then.


kinuxian
566 posts

Posted by kinuxian > Mar 9, 2020 4:14 PM | Report Abuse

Door gift for upcoming FM @ 5pm. I guess minus 60-70 easily


Titan
3909 posts

Posted by Titan > Mar 9, 2020 4:34 PM | Report Abuse

Hmmm..if not mistaken,....PNB last time also put alot money into MAS right?.....


signalmw
3166 posts

Posted by signalmw > Mar 9, 2020 4:41 PM | Report Abuse

Buy buy buy


Icon8888
19022 posts

Posted by Icon8888 > Mar 9, 2020 5:07 PM | Report Abuse

I hope you learn something today


stingray_ea
1908 posts

Posted by stingray_ea > Mar 9, 2020 5:12 PM | Report Abuse

see carefully . candlestick start forming


stingray_ea
1908 posts

Posted by stingray_ea > Mar 9, 2020 5:22 PM | Report Abuse

By fully understand candlestick, you can predict TOP and Bottom in advance.

Trust me. I did that many times. I gave FOC FOC FOC tips to all. Never never I hide. Open Nake For All.

Nothing special you can do it too. Dont let TA and FA tide your both hands...


DickyMe
6584 posts

Posted by DickyMe > Mar 9, 2020 5:24 PM | Report Abuse

Take the candle and shove in your rear!
Technicals does not work during market chaos.


stockraider
18520 posts

Posted by stockraider > Mar 9, 2020 5:25 PM | Report Abuse

U think this call make by analyst Icon 888 ??

Petronas Chemicals Group - Price Wars Amid Depressed Demand
Author: AmInvest | Publish date: Mon, 9 Mar 2020, 5:15 PM

Investment Highlights
We downgrade our recommendation on Petronas Chemicals Group (PChem) to SELL from HOLD with a lower fair value of RM4.00/share (from RM6.10/share previously), pegged to an FY20F EV/EBITDA of 7.7x, which represents 2 standard deviations below its 3-year average of 8.8x.
We have halved our FY20F–FY22F earnings as we cut product price assumptions by 12% against the backdrop of declining crude oil prices exacerbated by Saudi Arabia offering substantive discounts on its key crude oil markets.
Management may only be able to cushion the price pressure to a limited extent with higher sales volume as PChem’s FY20F plant utilisation is expected to be higher than the 92% achieved in FY19 due to lower turnaround days, with only units in Gebeng and Labuan plants scheduled to undergo 30–40 day TAs in 1Q2020 and 3QFY20 respectively.
However, demand for olefin products has already been softened by the unresolved US-China trade war last year while the novel coronavirus pandemic disrupted supply chains in China since the beginning of this year which further depressed global economic growth prospects.
Following the failure of the meeting last week between Opec and its allies on additional production cuts to stabilise the oil markets, Saudi Arabia has launched an aggressive oil price war targeting its rivals after Russia refused to participate in the oil cartel. Newspaper sources indicate that Saudi Arabia will produce over 11mil barrels/day next month from 10mil barrels/day currently after the current production quota agreement lapses.
Saudi Arabia has already announced unprecedented discounts of almost 20% in key markets, apparently targeting Russia and the US shale industry as well as other higher cost producers. Hence we have lowered our 2020 crude oil price forecast to US$40– US$45 from US$60–US$65/barrel.
PChem is now trading at an all-time low P/BV of 1.5x since its listing in 2010. When Brent crude oil price fell 15% YoY to US$26/barrel in 2016, its P/BV average was still higher at 2.2x.
Amid petrochemical prices decreasing by 17% YoY, PChem’s FY16 net profit still rose 12% YoY to RM3.1bil due to higher sales volume underpinned by high plant utilisation rate of 96%, while benefiting from a 3-month time lag in inventory pricing. Back in 2016–2017, global economic growth prospects were still robust at 2.5%–3.1%.
Our economist’s 2020 global growth forecast of 2.8%–3% is likely to be revised lower given the current weak sentiments. Hence we believe the current oil price collapse will have a more adverse impact on PChem compared to 2016.
Following our earnings cut, PChem currently trades at a high FY20F EV/EBITDA of 15x vs. its 3-year average of 8.8x, while its dividend yields are unassuming at 2%.


moven00
519 posts

Posted by moven00 > Mar 9, 2020 5:26 PM | Report Abuse

Maju lagi...Ole Ole Ole!


i3lurker
4714 posts

Posted by i3lurker > Mar 9, 2020 5:27 PM | Report Abuse

I believe EPF cannot support QL price also

wait and see

people will buy RM1.00 nasi lemak packets.
Family mart does not have this product, products there are all overpriced.
Customers for overpriced products have all disappeared.


stockraider
18520 posts

Posted by stockraider > Mar 9, 2020 5:30 PM | Report Abuse

Why support when it is overvalue like the case of QL loh ??

QL should collapse soon loh....!!

Posted by i3lurker > Mar 9, 2020 5:27 PM | Report Abuse

I believe EPF cannot support QL price also

wait and see

people will buy RM1.00 nasi lemak packets.
Family mart does not have this product, products there are all overpriced.
Customers for overpriced products have all disappeared.


Icon8888
19022 posts

Posted by Icon8888 > Mar 9, 2020 5:36 PM | Report Abuse

one key take away from this case is that you should never buy into something you don't understand and assume you know all


qqq33333333
2900 posts

Posted by qqq33333333 > Mar 9, 2020 5:37 PM | Report Abuse

Icon8888 > Mar 9, 2020 5:36 PM | Report Abuse

one key take away from this case is never buy into something you don't understand and assume you know all
======

traders can lah.......I bought and sold long long time ago..............lol..............


stockraider
18520 posts

Posted by stockraider > Mar 9, 2020 5:38 PM | Report Abuse

but philip talk like an expert & look like very knowledgeable woh....!!

Posted by Icon8888 > Mar 9, 2020 5:36 PM | Report Abuse

one key take away from this case is that you should never buy into something you don't understand and assume you know all


Icon8888
19022 posts

Posted by Icon8888 > Mar 9, 2020 5:41 PM | Report Abuse

You different, You have not been intoxicated by ego

you know what you know what you don’t know

And you wear helmet when you cycle

So you are ok



Posted by qqq33333333 > Mar 9, 2020 5:37 PM | Report Abuse


traders can lah.......I bought and sold long long time ago..............lol..............


Icon8888
19022 posts

Posted by Icon8888 > Mar 9, 2020 5:42 PM | Report Abuse

apparently he is not ....

I hope he learn something today


Posted by stockraider > Mar 9, 2020 5:38 PM | Report Abuse

but philip talk like an expert & look like very knowledgeable woh....!!


Sslee
3848 posts

Posted by Sslee > Mar 9, 2020 5:44 PM | Report Abuse

Haha
Ok this time wait at RM 3.00


Icon8888
19022 posts

Posted by Icon8888 > Mar 9, 2020 5:45 PM | Report Abuse

sslee the polanpah worshipped the wrong God

now he is paying dearly for it


KAQ4468
19524 posts

Posted by KAQ4468 > Mar 9, 2020 5:45 PM | Report Abuse

2 ringgit lor


i3lurker
4714 posts

Posted by i3lurker > Mar 9, 2020 5:49 PM | Report Abuse

Phillip is busy counting his money after short selling this counter today

he will be back later to tell you how many millions he made today


qqq33333333
2900 posts

Posted by qqq33333333 > Mar 9, 2020 5:50 PM | Report Abuse

Icon8888 > Mar 9, 2020 5:41 PM | Report Abuse

You different, You have not been intoxicated by ego
=======

its all about attitude....contrarian not bad also.........that is why I also do not always wear helmet when I cycle..........It depends. I very flexible one.


Sslee
3848 posts

Posted by Sslee > Mar 9, 2020 5:52 PM | Report Abuse

Haha,
Icon8888 what to buy tomorrow?


Sslee
3848 posts

Posted by Sslee > Mar 9, 2020 6:10 PM | Report Abuse

Qqq3 your Karim K-factor Kpower and Scib still paper gain or paper loss?


williamtkb
1092 posts

Posted by williamtkb > Mar 9, 2020 6:17 PM | Report Abuse

Tonight DJ turn. Tomorrow everyone be billionaire


freddiehero
13343 posts

Posted by freddiehero > Mar 9, 2020 6:19 PM | Report Abuse

wat? jackpot price coming ka?


icecool
3238 posts

Posted by icecool > Mar 9, 2020 7:21 PM | Report Abuse

pchem chart is a good example of drop until mother also dont recognize.


i3lurker
4714 posts

Posted by i3lurker > Mar 9, 2020 7:25 PM | Report Abuse

4.40 popped into my mind yesterday, I dun know why, maybe its the chart telling me the info....

but because I dun hold any Pchem shares, I cannot short sell easily

RSS and IDSS must make prior arrangements
and nowadays who has got the time, when markets are so volatile?


qqq33333333
2900 posts

Posted by qqq33333333 > Mar 9, 2020 7:29 PM | Report Abuse

d by Sslee > Mar 9, 2020 6:10 PM | Report Abuse

Qqq3 your Karim K-factor Kpower and Scib still paper gain or paper loss?
=======

including all my previous realised gains, still a big big positive....


only on unrealised portion, already minus lah..........................


Sslee
3848 posts

Posted by Sslee > Mar 9, 2020 7:37 PM | Report Abuse

Haha
Hand itching put 41 cents Hib also done. Tomorrow q at 11 cents.

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