KLSE: PCHEM (5183)       PETRONAS CHEMICALS GROUP BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
7.38   +0.04 (0.54%)  7.31 - 7.38  3,055,000
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Market Cap: 59,040 Million
NOSH: 8,000 Million
Avg Volume (4 weeks):3,866,930
4 Weeks Range:7.06 - 7.66
4 Weeks Price Volatility (%):
52 Weeks Range:6.75 - 10.20
52 Weeks Price Volatility (%):
Average Price Target: 8.87
Price Target Upside/Downside: +1.49

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2019 [#1]  |  24-May-2019
Next QR | Est. Ann. Date: 30-Jun-2019  |  15-Aug-2019
T4Q P/E | EY: 12.52  |  7.99%
T4Q DY | Payout %: 4.34%  |  54.28%
T4Q NAPS | P/NAPS: 3.71  |  1.99
T4Q NP Margin | ROE: 25.40%  |  15.89%


Date Subject
19-Oct-2019 国油化学边佳兰联营公司·落实6亿美元融资
05-Oct-2019 下跌股:国油石化RM7.15支撑
03-Oct-2019 [转贴] 浅谈石油化学行业 – PCHEM、LCTITAN、SAMCHEM和LUXCHEM - RH Research
24-Sep-2019 国油开大水喉下半年资本开销料逾350亿‧油气股喜待甘霖
24-Sep-2019 下跌股:国油石化RM7.39支撑
19-Sep-2019 沙地产能将迅速恢复·油气股打回原形·综指1600再失
17-Sep-2019 Oil & Gas - Substantial Disruption in Saudi Production
17-Sep-2019 PublicInvest Research Headlines - 17 Sept 2019
17-Sep-2019 Mplus Market Pulse - 17 Sept 2019
17-Sep-2019 MQ Research: Impact of Saudi Oil Attacks on Malaysian O&G
13-Sep-2019 上升股:国油石化阻力RM7.79
12-Sep-2019 Trading Stocks - Petronas Chemicals
12-Sep-2019 Stocks on Radar - Petronas Chemicals Group (5183)
10-Sep-2019 Technical View - Petronas Chemicals Group Bhd (PCHEM, 5183)
04-Sep-2019 2QCY19 Results Review - Headwinds Remain
31-Aug-2019 热门股:国油石化上挑RM7.10
16-Aug-2019 Technical View - Petronas Chemical Group Bhd (PCHEM, 5183)
14-Aug-2019 Petronas Chemicals - F&M to the Rescue
14-Aug-2019 Petronas Chemicals - Soft Global Outlook Is a Challenge
14-Aug-2019 PCHEM’s Target Price Revised Following 2Q19 Results

Business Background

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.
Analyze this stock with MQ Trader system

  8 people like this.
risktransformer @Philip, FYI, I am both a long term investor as well as a trader.... depending on which market I am in. For example, I have been holding HSBC Holdings PLC for 20 years (I also hold several pieces of land for 30 years). But I find holding stocks in bursa Malaysia long term seems to be a losing proposal. And about showing their portfolio.... not everybody is comfortable about boasting their past losses or successes. Please respect their individuality.
19/09/2019 1:23 PM
3iii >>>>>>>>

Sslee Hahahaha,
3iii may I ask is Mr. Koon fabulously rich by not holding great stocks for very long period of time?
Are you fabulously rich by holding great stocks for very long time?
18/09/2019 8:26 PM



You must know your investing objective.

Please ask Mr. Koon yourself, what is his investing objective?

From my observations, he made a lot of money in the early years in this forum and lost them all and more, needing him to sell some of his fixed assets (lands). In my book, he is a speculator.

It is not wrong to be a speculator. They do get speculator returns. In an aggregate, most speculators lose money in the stock market. Why? In the short run, the short term stock market trading is a negative sum again. Thus, the often quoted 80 to 90% of those in the market lost their money. (I believe this figure to be true. My brokers of many years attested to this.)
19/09/2019 1:27 PM
3iii >>>

Posted by Sslee > Sep 17, 2019 1:47 PM | Report Abuse

Stockraider, very happy collected 11 cents dividend and 70 cents trading profit. Can go ahmoing with deMusangking in genting.


Their investing objectives. :-) :-)
19/09/2019 1:40 PM
Philip Greta No one is here to learn about boasting, as luck may play a big issue. The purpose of looking at the portfolio history is to understand the reasoning behind each trade or investment and to see what happened after the stock was sold just as much as what happened when the stock was held. I think those who promote thinking without showing a proof of performance as boasting instead. Those I don't respect.

Like this post I have no interest in and I consider boasting.

"HSBC Holdings PLC for 20 years (I also hold several pieces of land for 30 years." Simply because there is nothing to learn from this statement, but much can be learned about why you bought the stock, was it a confident purchase ( +50% of you're net worth in one purchase), what other stocks did you buy along the way, or did you buy it and top up along the way and not sell a single share. Things like that interest me far more than just a simple shareholding analysis ( which is useless in learning anything).
19/09/2019 1:59 PM
risktransformer @Philip, my statement (about holding HSBC & pieces of land) was not meant for your learning (any way, u don't seem to be a willing learner because u consider yourself to know better than others). My statement was just to dispel your many false assumptions/stereotype about traders. From your recent postings which mentioned traders & their "hocus pocus" methods, it was clearly shown that u have this stereotype misconceptions about traders/trading. Please stop replying my post & I will stop replying your comments too. I really do not wish to go into further arguments with u. Thank you for all your good intentions.
19/09/2019 2:14 PM
Sslee Hahahaha
3iii please no hitting below the belt. Ahmoing and wet wet is the favorite of deMusangking. I borrow the phrase just to tease stockraider.
19/09/2019 2:22 PM
3iii >>>

Posted by Sslee > Sep 17, 2019 1:47 PM | Report Abuse

Stockraider, very happy collected 11 cents dividend and 70 cents trading profit. Can go ahmoing with deMusangking in genting.



Posted by Sslee > Sep 19, 2019 2:22 PM | Report Abuse

3iii please no hitting below the belt. Ahmoing and wet wet is the favorite of deMusangking. I borrow the phrase just to tease stockraider.


I advise they should aim higher. :-)
19/09/2019 3:17 PM
pputeh I have held Aeon Credit since 2013 bought @ 3.85, Inari since 2014 @ rm1 & Penta from 2016 @ rm1.65. They have all returned healthy profits. My only regret is not buying into Public Bank. I bought Affin and had to dispose it off at a loss and it was a short term play. Personally I feel holding on to stocks for long term pays in the end. I am now invested into P.Chem and will bid my time and wait. Just my 2 cents worth
19/09/2019 4:52 PM
Becky123 https://cen.acs.org/business/economy/Petrochemical-prices-spike-Saudi-bombings/97/i37

The bombings of Saudi Aramco’s oil-refining complexes in Khurais and Abqaiq, Saudi Arabia, on Sunday, Sept. 15, caused a spike in prices for oil and some petrochemicals due to concerns about a tightening global supply.
20/09/2019 12:48 AM
Becky123 https://www.hydrocarbonengineering.com/petrochemicals/19092019/petrochemical-feedstock-supply-under-attack/amp/

A rise in oil prices in turn raises the competitiveness and margins of US petrochemical producers which mainly use NGLs ethane, along with propane and butane.

As oil prices rise, this drives petrochemical and polymers prices higher. US petrochemical margins, largely based on abundant local ethane from shale gas, would widen.

On 16 September, US commodity chemical stock prices surged, with notable gains in LyondellBasell (+4.0%), Westlake Chemical (+5.0%) and Methanex (+8.9%). Dow was up 1.6%.
20/09/2019 12:49 AM
Becky123 https://www.argusmedia.com/en/news/1978522-asia-petchem-prices-strengthen-on-saudi-feedstock-curbs?backToResults=true

Asian petrochemical prices have risen across the board on the prospect of supply disruptions following attacks on Saudi Arabian oil facilities.

Feedstock supplies at state-owned Sabic and other Saudi petrochemical companies have been cut by 15-50pc after the attacks on the Abqaiq plant, the world's largest crude oil processing facility, and the Khurais oil field infrastructure. It is still unclear for how long, and by how much, production will be disrupted.

The following companies have announced feedstock supply cuts:

Sabic: 49pc
Sadara: 16pc
Tasnee: 41pc
Advanced Petrochemical: 40pc
Yansab: 30pc
Saudi Kayan: 50pc
The oil facilities that were struck in the 14 September attacks mainly produce export supplies of Arab Light and Arab Extra Light crude, forcing state-owned Saudi Aramco to shut in 5.7mn b/d of crude output. The attacks also halted production of an estimated 2bn ft³/d (21bn m³/yr) of associated gas, which will cut Saudi supplies of ethane and NGLs by 50pc.

LPG is used at petrochemical units to produce polymers such as polyethylene (PE) and ethylene glycols (MEG). Asian naphtha- and gas-based crackers often favour supplies of Middle East LPG such as propane because they are subject to lower taxes compared to rival US supplies, which have been hit by a 25pc tariffs under the China-US trade war.

But Chinese producer SP Chemical is now preparing to purchase feedstock propane from the US, despite the tariffs, as its term supplies from the Middle East are affected by the attacks. The producer started a new 700,000 t/yr LPG-fed cracker in Taixing in mid-August, and had stabilised production by the end of the month. The cracker is now operating at 80pc.

Direct buyers from Satorp, PetroRabigh and South Korea's S-Oil — which is majority owned by Aramco — have not received any notification of disruptions to their aromatics supplies. The impact on aromatics production appears to minimal so far, but this could change.

Satorp's aromatics capacity includes 140,000 t/yr of benzene and 800,000 t/yr of paraxylene (PX). PetroRabigh has 400,000 t/yr of benzene and 1.3mn t/yr of PX capacity, while S-Oil has total benzene capacity of 600,000 t/yr as well as 1.7mn t/yr of PX.

The new, world-scale aromatics production units in China being brought on line by Hengli Petrochemical and Zhejiang Petrochemicals are designed to run Arab Medium crude as baseload supplies, and can also process Arab Heavy. But these units could also be affected by the Saudi supply disruptions, as Aramco rejigs the grades it offers to Asian buyers to manage the impact from the attacks.

Chinese buyers favour styrene monomer (SM) supplies from the Middle East because these do not incur anti-dumping duties (ADD). China has increased its reliance on Middle East SM this year as a result, leaving buyers vulnerable to the fall in the region's SM supplies.

Prices of most aromatics in Asia rose by about $40/t or up to 6pc yesterday, the first trading day after the attacks. Benzene prices for November delivery on a fob South Korea basis settled at $730-740/t yesterday, up from $696-698/t on 13 September. PX prices rose to the highest level for a month, with November cfr China supplies trading as high as $825/t yesterday after being bid at $781/t on 13 September. October-delivery SM was bid at $1,075/t cfr China yesterday, without any counter-offer, compared to $1,030-1,040/t on 12 September, before the Chinese market closed for the mid-autumn festival holidays.

There have been no obvious price increases yet for ethylene and propylene, with market participants still seeking details on the market impact. But ethylene traders have held back offers in anticipation of a sharp jump in prices, which is expected by the end of this week, as they monitor the onset of production cuts and the impact on the downstream PE and MEG sectors.

But prices of PE and fellow derivative polypropylene (PP) in China have already strengthened in response to the supply concerns. Spot prices of linear low-density polyethylene (LLDPE) increased to 7,400-7,800 yuan/t yesterday from Yn7,250-7,500/t on 12 September, while LLDPE futures rise by Yn303/t to Yn7,630/t over the same period. Raffia PP spot prices increased from Yn8,650-8,750/t on 12 September to Yn8,800-8,900/t yesterday, while PP futures gained by nearly Yn300/t to Yn8,310/t.

But MEG futures in China hit a five-month high yesterday, after consumers in northeast Asia said they had received notification from a Saudi supplier that October MEG deliveries will be delayed.
20/09/2019 12:51 AM
Becky123 https://www.woodmac.com/press-releases/meg-and-polyethylene-spot-prices-jump-after-drone-attacks-on-saudi-oil-facilities/

Spot prices of monoethylene glycol (MEG) and polyethylene (PE) have spiked in Asia, following news of the drone attacks on oil facilities in Saudi Arabia over the weekend. These two commodities are the two main chemical exports of the region.
20/09/2019 12:53 AM
RainT @Philip

why u change your name again? to


can change meh? why i cannot change one?
20/09/2019 2:33 PM
stkstudent Jaya, why your calls all no chun one ??

... U mean bye,bye,bye ?? hahaha

Jaya Buy buy buy
18/09/2019 8:42 AM

Jaya .................
But 8.50 coming brothers & sisters
18/09/2019 8:06 PM

Jaya Last chance
Tomorrow 8.00
17/09/2019 4:32 PM
20/09/2019 3:33 PM
Philip Greta Trying to interview this guy recently, he has a 10 year record of trading that seems to make sense to me. The record is very impressive.
20/09/2019 6:56 PM
stkstudent My guess is he is same category player as Paktua73, not the lone ranger player like many here,
Could b wrong, jangan marah ye, ( trust no one at face value in forum, hahaha)
20/09/2019 7:05 PM
Jaya stkstudent
Paktua73 is good friend and a sincere person brother
21/09/2019 10:17 AM
stkstudent Thks for info, can see tht he is an amiable, confident personality , a big player in this market, who is considerate to Inform others of his presence.
There are lots of other big players, IB funds, etc tht are also active in the same waters, but they operate incognito, for the added advantage, hihihi.
21/09/2019 11:22 AM
Jaya stkstudent
I am playing big here,TM and Maybank currently
In TM fighting together with Paktua73
Confident this counter will be back to 8.50 shortly
21/09/2019 12:18 PM
risktransformer Now heading down to RM7.50; not to RM8.50 (not so soon).
23/09/2019 11:09 AM
risktransformer It could not even reach the weak resistance of RM7.86; how can it then reach RM8.50? Looks like the technical rebound is over; especially with EPF's continuous heavy selling, the KLCI staying below 1,600 (may keep getting lower) & a likely bad QR coming up soon. Well, of course for some people they will view this as a discount to buy more (not my recommendation... because we don't know how low it could drop). Make own decision, take own risk & reap (huge) profit if u get lucky or lose big if unlucky.

risktransformer: There is a weak resistance at RM7.86 (it may be possible to break above this) and a strong resistance at RM7.98 (price may get stuck around RM8.00, so any further upside may be limited). For trend followers, this spike in price currently look more like a technical rebound rather than a clearly established uptrend (although it is possible for this technical rebound to turn into a real uptrend if the price keeps going up). Entering at current price is at high risk of getting trap should there be a reversal in price movement later (looks likely). Trade at your own risk.
17/09/2019 6:45 PM
23/09/2019 11:25 AM
stkstudent risktransformer, thks for sharing, all the best n Good Trading/ investing..
23/09/2019 11:31 PM
RainT @jaya

8.50, not so fast la

at least until next quarter result to see the turnaround effect
24/09/2019 11:37 AM
i3lurker risk
I have no idea where the price is going
I only 100% know that the demand for the products will be less in the near term
there is no reason to buy the shares
China are building and planning huge capacities far in excess of their own requirements. Means exported to get forex exchange purposes
people with heads in sand always quote huge capital outlay.
huge capital outlay not issues.
skill is an issue.
those who buy are betting that Malays who are the workers are the MOST SKILLED in the world. Of course this is true otherwise you will NOT buy.....

already US discovered that China skilled workers cannot be replaced at all.
24/09/2019 11:39 AM
i3lurker China is a state economy.
They build factories for employment and forex exchange purposes.
Even at breakeven or small loss, they will sell their products already
No one can compete with them.
Trump was right to take some action.
24/09/2019 12:10 PM
risktransformer Hope it will go all the way down back to RM6.95 (can start buying back from there & downwards).
24/09/2019 3:48 PM
kingb Waiting under the tree for a rabbit to pass by. But the rabbit reproduce happily on the side.
25/09/2019 12:23 PM
popo92 I don’t think anyone can be a successful prophet or weather forecaster trying predicting share price. Longer term, only consistent growth of the business can cushion impact of risk.
25/09/2019 12:44 PM
RainT @popo92 what u said is correct
01/10/2019 12:05 PM
RainT seem sbb keep on support the share price

i want get below 1.00, difficult
01/10/2019 12:06 PM
risktransformer I already said it will drop to RM7.50; this seeming "support" at RM7.50 also doesn't look like it is going to last long, especially when EPF keep hammering down with disposals of 1 million or 3.9 million shares almost on daily basis.
01/10/2019 3:57 PM
Titan Lotte Chemical building another petrochemical plant in indonesia. The market is already on an oversupply mode and more coming online. This is just great.
03/10/2019 9:39 AM
mamatede Lotte chemical is producing PP plant to be exact. Petrochemicals is too wide and generic
03/10/2019 2:17 PM
risktransformer Wah! Today PCHEM jiak lat oh.... open 8 minute only already drop 15 sen! RM7.20 coming!
04/10/2019 9:10 AM
Titan Pchem also got produce PP raw material.....meaning got competition.....and more supply in PP section.....
04/10/2019 10:48 AM
popo92 short term, plastics packaging industry might be beneficiary. longer term, pchem will do well in my opinion...they are not relying merely on pp or pe.
04/10/2019 12:34 PM
risktransformer RM7.20 now..... likely to go lower (probably RM7.05 soon).
07/10/2019 1:33 PM
RainT down trend again?

2nd round down trend
07/10/2019 5:47 PM
freddiehero not bad, can uo and down
07/10/2019 5:50 PM
Titan I'm waiting at Rm6.50.....wake me if it kiss that TP.......lol
08/10/2019 8:56 AM
09/10/2019 9:28 AM
stingray_ea wah...
09/10/2019 9:45 AM
tkl88 Countdown 2 days to 11/10/2019 (Friday)'s super prosperous budget 2020 !
Huat ah ! Heng ah ! Ong ah !
09/10/2019 10:02 AM
Icon8888 712... tiu....
09/10/2019 11:07 AM
stingray_ea 1888-->1588 -300 klci
09/10/2019 11:07 AM
stingray_ea jangan tunggu lama-lama , nanti pchem diambil orang
09/10/2019 11:11 AM
ViWizard this pchem good to trade haha
10/10/2019 11:10 AM
tkl88 Good news for KLSE and Malaysia's economy with budget 2020...
Like that our KLSE will spike up to break above 1,800 points ~ 2,000 points after budget i.e year 2000, 2021 and etcs

Mega project boost for budget Thursday, 10 Oct 2019
10/10/2019 11:10 AM
sell No wonder Keyman188 no $. EPF selling non-stop he cannot read?
15/10/2019 7:42 AM
sell 14-Oct-2019 Insider EMPLOYEES PROVIDENT FUND BOARD ("EPF BOARD") (a substantial shareholder) disposed 500,000 shares on 09-Oct-2019.
11-Oct-2019 Insider EMPLOYEES PROVIDENT FUND BOARD ("EPF BOARD") (a substantial shareholder) disposed 532,700 shares on 08-Oct-2019.
10-Oct-2019 Insider EMPLOYEES PROVIDENT FUND BOARD ("EPF BOARD") (a substantial shareholder) disposed 70,300 shares on 07-Oct-2019.
15/10/2019 7:42 AM


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