Highlights
KLSE: PCHEM (5183)       PETRONAS CHEMICALS GROUP BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
7.15   0.00 (0.00%)  0.00 - 0.00  0
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Overview

Market Cap: 57,200 Million
NOSH: 8,000 Million
Avg Volume (4 weeks):6,046,955
4 Weeks Range:7.08 - 7.85
4 Weeks Price Volatility (%):
91.08%
52 Weeks Range:7.08 - 10.20
52 Weeks Price Volatility (%):
70.10%
Average Price Target: 9.14
Price Target Upside/Downside: +1.99

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: 12.13  |  8.24%
T4Q DY | Payout %: 4.48%  |  54.28%
T4Q NAPS | P/NAPS: 3.71  |  1.93
T4Q NP Margin | ROE: 25.40%  |  15.89%

Headlines

Date Subject
16-Aug-2019 Technical View - Petronas Chemical Group Bhd (PCHEM, 5183)
14-Aug-2019 Petronas Chemicals - Soft Global Outlook Is a Challenge
14-Aug-2019 PCHEM’s Target Price Revised Following 2Q19 Results
14-Aug-2019 Petronas Chemicals Group Berhad - Resilient Earnings Driven by High Asset Reliability
14-Aug-2019 Petronas Chemicals Group - Cautious on Price Volatility and Turnaround Activities
14-Aug-2019 Petronas Chemicals Group - Bracing for Unexciting ASPs Ahead
14-Aug-2019 Petronas Chemicals Group - 2Q19 Inline; Looking To A Weak 3Q19
13-Aug-2019 [转贴] [Facebook live:浅谈Petronas Chemicals group bhd (PChem)] - James的股票投资James Share Investing
13-Aug-2019 [转贴] [PETRONAS CHEMICALS GROUP BHD:随着原油价格下跌及市场需求疲软,国油石化整体平均产品价格较上季度有所下降] - James的股票投资James Share Investing
13-Aug-2019 Petronas Chemicals Group - Expect Substantively Weaker 3Q
13-Aug-2019 热门股:国油石化上挑RM7.50
09-Aug-2019 Petronas Chemicals Group Berhad - Not All Is Gloom and Doom
29-Jul-2019 未来18年投资494亿·国油化学扩展精细化学产品
26-Jul-2019 Petronas Chemicals Group - Expect stronger 2QFY19 bottom line
24-Jul-2019 PCHEM: Kenanga Research remains MARKET PERFORM and at revised TP of RM7.70. (Source: Kenanga Research)
24-Jul-2019 Petronas Chemicals Group - Corrosive Mix
23-Jul-2019 下跌股:国油石化RM7.60支撑
22-Jul-2019 Petronas Chemicals - Lack of Near-term Catalysts
22-Jul-2019 Petronas Chemicals Group - Caution Warranted on Softening Prices
19-Jul-2019 [转贴] [PETRONAS CHEMICALS GROUP BHD:产品价格和销售量下降] - James的股票投资James Share Investing

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.
 
titus Was waiting for the presentation transcript but not out yet. But the Q3 outlook on presentation pack, most product range-bound or neutral and polymer and methanol expected to fall. Also, Becky mentioned that they have built up inventory in anticipation of Q3 shutdown. Meaning, if compare today, they have bought their feedstoock at a higher price\. It was reported that brent was on average at $66 and if brent keeps on going down which is now below 60, does that means that their ASP will be lower for all Q3 sales? Also, the maintenance not only affects production but Q3 will have a higher maintenance cost.
14/08/2019 8:49 AM
Becky123 Titus, I think you should know better that their feedcosts is considered fixed already LT agreement petronas. Again, ASP has start to rebound.
14/08/2019 8:53 AM
titus Thnaks Becky but was not aware of the feedcosts is fixed. But having fixed cost is also not necessary a good thing. If like our ron95 fixed at a price and whent brent down, it does not gain from the drop but of course if brent goes up alot, it benefit alot. Anyway, for myself, i will just wait further because i don't have deep pocket like Philip.....lol.....
If it rebound, i be happy as well........
14/08/2019 9:23 AM
risktransformer PCHEM struggling to maintain RM7.30+ with very low volume (2 million)..... looks like the QR is not doing a convincing job.
14/08/2019 3:16 PM
kingb Changing hand.
14/08/2019 3:50 PM
mobidick Rapid facility expecting to start operation in Q4, im thinking to reenter now before institutional investor go in and make it too high entry price, but still concern about the maintenance and plant shutdown and whether the inventory pile up is enough to cover the duration. Confusing and afraid of trump factor too..
15/08/2019 12:56 AM
mobidick Whoosh, lucky did not enter, Red sea.
15/08/2019 9:54 AM
risktransformer Sell down accelerating!!
15/08/2019 10:19 AM
Ncm88 Up 1 day, down 7 days hahah
15/08/2019 10:32 AM
prince4 US-CHINA Trade War market uncertain, local and foreign funds money would not flow in big cap and mid cap stock because everybody scare buy high losses money . In this few month expect Funds manager money would flow out in bigcap and midcap stocks and will short selling midcap stocks for make money so now no prospects cannot buy and hold .
TOP volume all low prices stocks.This is a opportunity ,markets money now flows in cheaper stocks. sharks now start goreng lows price stock at bottom..
15/08/2019 10:40 AM
titus Red sea means buy la.....be like Philip......is on buying spree....hehe...
As for myself, i'm not adding position yet. I waiting either it breaks RM7 or nearer to Q3 report. I read HLIB analyst report. Brent oil indeed has a big influence on Pchem profit. Furthermore, Rapid only will contribute an additional 15% to total PCHEM growth (If not mistaken la) and becky was right, most of the feedcost is fixed ie; on contract but with downtrend of brent, it does not benefit Pchem. Furthermore, with Rapid coming online, Pchem need to pay 50% of the market price for the feedstk from Petronas-Aramco JV. Pls dun shoot me as my knowledge is veeery limited and my understanding of the report might be flaws.
15/08/2019 10:51 AM
Shinnzaii let see fertilizer & urea demand in Q3 can minimize the impact or not...India rainfall season good encourage agriculture and demand of fertilizer and urea rise...hehe
15/08/2019 11:08 AM
titus fertiliser and urea contribute 35% of Pchem revenue.
15/08/2019 12:33 PM
calvintaneng If palm oil no good people will use less fertilizer

So pchem will be impacted

Better sell pchem and switch to Uzma

Why Uzma?

Because in bad times when oil price is down Petronas will dismantle and decommission oil platform and oil rigs

Currently Uzma is doing decommissioning for 16 oil rigs in South China Sea

Monsoon over so Uzma should see more monies rolling in

So now is the best time to sell Pchem before price crashes lower

Now is also the best time to buy Uzma before price surges up
15/08/2019 2:27 PM
kingb There's a big force pressing the price.
15/08/2019 4:08 PM
risktransformer Tomorrow may break below RM7.00 !!
15/08/2019 4:18 PM
mobidick wont break 7 i think, if u see market depth the support is huge at 7.17 will mostly trade range bound all the way until exdate div before falling.
15/08/2019 4:37 PM
Icon8888 Uzma very high gearing

Legacy problem from oil bust
15/08/2019 4:41 PM
enigmatic [Breaker of Speculative Investing] I agree with @mobidick.
RM7.17 has strong support today. Pchem may continue rising until ex-date. What a bargain for those wanting to buy at a cheap compared to few months ago!
15/08/2019 4:42 PM
Icon8888 Don't buy a stock saddled with debts

It can't go far with a yoke on its neck
15/08/2019 4:43 PM
titus What a load of BS....when price is down, petronas dismantle and decommission oil platform and rigs? Then price good, construct again? Hello. u think this are rumah kongsi. Can be dismantle in a day and put up a next day ah?

Also, fertiliser not only uses in palm oil la. Generally, more and more fertiliser is used because of argriculture land that has been used many cycles is dead. If not mistaken, fertiliser volume has been increasing but the average selling price has dropped.
15/08/2019 4:47 PM
enigmatic [Breaker of Speculative Investing] @titus, just ignore the troll/promoter. You post one reply, he will post 3 replies.
15/08/2019 4:50 PM
risktransformer Closed lower 11 sen on higher volume (double yesterday's volume).... not good signal.
15/08/2019 4:53 PM
dlau8899 Up down up ....play around 7.20 to 7.40
15/08/2019 5:13 PM
risktransformer Tomorrow we will know whether it is up down up play or down down play.... at the moment it looks more like a down down (more) play.
15/08/2019 5:21 PM
risktransformer Good morning everyone! By now I am almost definitely correct that it is a down & down (more) play..... going to break below RM7.00 soon.
16/08/2019 9:35 AM
ValarCuniasia Hahahaha sad for those who bought at RM9 hahaha
16/08/2019 10:05 AM
titus Managed to read thru the Q2 transcript. Takeaway from the briefing is Q1'19 is benchmarking against crude oil which is $71 while Q2 is $66. But the current quarter crude oil is around $60. So meaning the average selling price in Q3 will be lower than Q2. Also, they have build up inventory for the heavy turnaround maintenance. But the inventory can only last for 0.5 month to 1 month depending on the plant utilisation ie; if plant running at 100%, it can only last 0.5 month but if not mistaken some of the plants is expected to shut down between 40 to 50 days according to last Q analyst briefing.
16/08/2019 10:09 AM
Junichiro From a technical perspective, the strong pivot for Pchem lies at abt 6.85
16/08/2019 10:12 AM
titus I believed very hard for Pchem to break Rm7 because local fund is supporting the index. Pchem is the 5th largest weightage in KLCI index. The 1st top 3 have extremely high PE and therefore local fund can't buy too much to support the index or else it look ridiculously overvalued. So there is only little choices but to buy stock like PChem to support the index above 1600. Unless global market has very bad news or dow drop 1000 point for next 3 days, then there is a chance kua.....
16/08/2019 10:20 AM
ValarCuniasia Rm 6 is near
16/08/2019 11:19 AM
Ncm88 Up 1 day down 7 days, becky also cut loss alrdy
16/08/2019 11:23 AM
titus Lol.....Rm7 also haven break and you already daydreaming for Rm6. Anyway, I wish that your wishes will come true...
16/08/2019 11:28 AM
stockraider Yes better sell pchem & switch all to bland a much safer investment mah....bcos of margin of safety mah.....!!

Furthermore pchem margin and profit is falling due to overcapacity worldwide and product glut loh....!!

Posted by stockraider > Aug 16, 2019 11:20 AM | Report Abuse X

Vt deserve to be scolded bcos manipulating share price & taking advantage of shareholders like a sochai loh...!!

Even Bland move up little bit...VT still do not deserve any our applause mah, U think VT move u thep share price to benefit the minority meh ??

Bland share price move up bcos the market knew VT plan to privatise with already 85% Vt shareholding mah....thus share price move up bcos got margin of safety with fair value Rm 0.70 and active accumulation mah..!!

Should a Privatization announce tomorrow the minimum offer price should be rm 0.38 mah....at current price of rm 0.21, there are still huge profit available mah....!!

So take note...scold...scold...and fuck VT, but remember there are still alot of profit to be make loh....!!

U must not missed & to take advantage mah...!! Is time we take revenge mah....! It is still a buy loh...!!


Posted by rogers123 > Aug 16, 2019 10:08 AM | Report Abuse

Previously VT was scolded by all of u, not only himself but also his ancestors who r innocent. Now 360 degree change?

Posted by rogers123 > Aug 16, 2019 10:08 AM | Report Abuse

Wahlau ler
16/08/2019 11:29 AM
enigmatic [Breaker of Speculative Investing] I usually don't agree with holland king's approach, but I agree with "he that is down fears no fall"
16/08/2019 12:15 PM
ValarCuniasia I will wait for rm6 patiently
16/08/2019 1:15 PM
titus me too....and praying hard for it ........lol.....
16/08/2019 3:17 PM
risktransformer Somebody trying very hard to defend RM7.20, hehehe!!
16/08/2019 3:40 PM
freddiehero let it break
16/08/2019 3:42 PM
Chokhmah waiting below RM 7
16/08/2019 3:51 PM
titus because must make sure KLCI closing back at 1600 ma. So most probably epf or some local fund manager is buying back kua.....i think la....
16/08/2019 4:14 PM
jellyfish why the klci index need to be above 1600?
16/08/2019 4:19 PM
titus 1600 is KLCI index psychological level......
16/08/2019 4:40 PM
mobidick If must defend 1600 it wont be by using pchem with pricing 7++ they will go use other cheaper counter, like dialog only 3, mid cap company.
16/08/2019 4:51 PM
mobidick ok i take that back, i saw that 7.15, 17000 bid qty, yep someone defending.
16/08/2019 4:53 PM
titus Mob...can use dialog as well but Pchem or dialog still same. Pchem is 2x more expensive than dialog but Pchem is also 2x the weightage of dialog in KLCI. Meaning buy 1 pchem = buy 2 dialog. In terms of valuation, pchem cheaper coz dialog pe very high leh
16/08/2019 4:57 PM
risktransformer Too bad..... defending also drop: PCHEM dropped back to RM7.15 & KLCI dropped below 1,600 at 1,599.22!
16/08/2019 5:00 PM
titus oppss.....me wrg....close 1599.22.....below 1600........me bad...hehe....but close enuf to 1600???/hehe
16/08/2019 5:01 PM
titus Okla...session end......have a good weekend la everyone. Let see tonight any explosive news from US market or not......lol
16/08/2019 5:03 PM
kingb There will always be 'the day'. Usually after it stables for few days.
16/08/2019 5:49 PM


 

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