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  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  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 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  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 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  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 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 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 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 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 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 titus Shell Petrochemical complex in US will come online early 2020. Meaning less than 6 months. This this give more pressure to the average selling price of some pchem product? https://en.m.wikipedia.org/wiki/Shell_Pennsylvania_Petrochemicals_Complex 19/08/2019 9:16 AM  |
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