PETRONAS CHEMICALS GROUP BHD
KLSE (MYR): PCHEM (5183)
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Last Price
7.29
Today's Change
-0.03 (0.41%)
Day's Change
7.28 - 7.37
Trading Volume
1,118,100
Meeting
| Ann. Date | Date | Time | Type | Venue | View |
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Discussions
10 people like this. Showing 50 of 3,927 comments
DividendGuy67 Mabel, good to hear you are able to reenter at 6.24. I bought at 6.01 but wasn't able to add anything at lower prices. Now just sitting still and nice to see today's price action to 6.50. Already nearly 2 year's dividend gains but price action is nice with nice potential for some bullish action ahead. Let monitor and see.
20/07/2023 8:07 PM
Yes DividendGuy67..
So happy to reenter at RM 6.23. To be honest Mabel still hungry to collect more. Fortunately, the buying continues..
Now all we have to do is to enjoy the cruise...
To Our Success !
Captain Mabel Meow
2 months ago
I think 7.5 is coming in days...meaning few day can touch because panic buying under value National Asset (Petronas Asset) by epf and FF
2 months ago
Pchem oversold in the past few months. Rebound looks like on the way back to RM7+
2 months ago
pang72 Mabel,
Your pchem looks like Pusing naik liao
26/07/2023 10:01 AM
pang72 I think 7.5 is coming in days...meaning few day can touch because panic buying under value National Asset (Petronas Asset) by epf and FF
26/07/2023 10:08 AM
troy88 Pchem oversold in the past few months. Rebound looks like on the way back to RM7+
26/07/2023 10:12 AM
pang72 Yes.. Rm7+++
26/07/2023 10:38 AM
Indeed Guys, it's looking good!
To Our Success !
Captain Mabel Meow
2 months ago
Oh My Goodness, Pchem now is traded at
RM6.98 +0.22 +3.25 %
Like that today Pchem definitely will
be break above RM7.00 already liao lah !
2 months ago
Today PCHEM dropped by 2.86%. It's an excellence opportunity for Mabel to collect more at RM 6.790..
To Our Success !
Meow Meow Meow
2 months ago
Avoid LCTITAN - it has its own issues with LINE, losses, and more borrowings needed till 2025.
I would prefer buying PCHEM dips as I think over the rest of this year and the next, we may (with say 50% chance) already seen the cycle low and we may now be on its next cycle up. Owning when its on its cycle up (if true) will prove rewarding. I am not selling what I bought at 6.01 because if that was indeed its cycle low then, buy and hold baby!
1 month ago
If not sure how to tell cycle low and cycle high, just look at the price chart since 2010. It should be obvious when were the cycle lows and cycle highs. The challenge is to know how long these cycles last - sometimes, it looks like 2 years, sometimes shorter, sometimes longer, but market always alternates, meaning if the last cycle from Mar 2020 to May 2022 was the biggest and longest, then, the next one won't be so big i.e. for this cycle, I'm thinking maybe 1-2 years and maybe half the upside than last time (last time range was massive from 4+ to 11+; this time won't be anywhere like this is my guess).
1 month ago
Berita bak. Petronas akan bekerjasama dgn Microsoft dan Cegal dlm infrastruktur AI
https://www.offshore-technology.com/news/petronas-microsoft-cegal/?cf-view
1 month ago
#hhhiii123 tomorrow open low or not, interesting
22/08/2023 9:33 PM
PETRONAS Chemicals Group Berhad Declares First Interim Single Tier Dividend for Fiscal Year Ending 31 December 2023, Payable on 21 September 2023
PETRONAS Chemicals Group Berhad has declared a First Interim Single Tier Dividend for fiscal year ending 31 December 2023 of 8 sen per ordinary share. Ex-Date is 07 September 2023. Payment Date is 21 September 2023. Entitlement date is 08 September 2023.
When a company pays out a dividend, it signals that the company is profitable and has enough cash to distribute to its shareholders. However, the stock price usually drops by the amount of the dividend after the ex-dividend date. This is because new shareholders are not entitled to that payment.
Last year PCHEM as given us a Yield of 5.85% which is better than ASB. PETRONAS Chemicals Group Berhad is a dividend paying company with a current yield of 5.85% that is well covered by earnings. PCHEM's dividend (5.85%) is in the top 25% of dividend payers in the MY market (5.17%). This also means PCHEM's dividend payments are covered by its cash flows.
To Our Success !
Meow
1 month ago
EPF is buying without it the price will drop. EPS of 8 cents and dividend of 8 cents is a poor quarter result.
Most likely 2H another 8 cents dividend so with Mabel' dividend Yield of 5.85% the fair price of Pchem is 0.16/0.0585= RM 2.735
1 month ago
Haha No Issues Handsome Sslee..
Mabel holding cost is much lower...
Will collect more if it drops at that price..
Meow
1 month ago
Actually very good closing at RM 6.81...with Dividend some more...
TA is giving a Target Price of RM 7.40..
What more can you ask?
Life is so beautiful..
Meow
1 month ago
2Q23: Equally challenging
Despite some bright spots in the O&D segment (reduction in PIC start-up losses, improved production volumes), PCHEM had another sequentially difficult quarter, underpinned by unplanned F&M shutdowns and poor specialties performance. We revise our FY23/24E estimates lower by 18-24%, but believe the worst is likely over for PCHEM. Our TP is raised to MYR7.00 (+2%) and now pegged to 8x FY24E EV/EBITDA, at -0.5SD to PCHEMs LT Mean (from 6x FY24E EV/EBITDA, at -1SD to Mean previously).
Source: Mabel's Tiger Bank
1 month ago
Warren Buffett has excelled in choosing businesses that have been able to stand the test of time through many economic cycles and raise their dividends to shareholders. Dividends may not be the Oracle of Omaha’s secret sauce, but they're a significant ingredient that keeps chugging cash into Berkshire’s account.
"Growth occurred every year, just as certain as birthdays. All Charlie [Munger] and I were required to do was cash Coke’s quarterly dividend checks" – Warren Buffett’s 2022 Annual Shareholder Letter
During his wealth-growth phase, Mr. Buffett sought after companies leading in their respective industry and those facing some trouble that he believed could be solved over time. He famously mentioned that the best time to buy a business is when it is on the operating table.
This is exactly what Mabel is doing, investing in companies leading in their respective industry (80%) and those facing some trouble that he believed could be solved over time (20%).
Warren Meow
4 weeks ago
I think next year, should challenge RM8 with 60% probability (i.e. more likely to happen, than not).
3 weeks ago
#DividendGuy67 I think next year, should challenge RM8 with 60% probability (i.e. more likely to happen, than not).
29/08/2023 6:59 PM
Absolutely !
PCHEM did much better this year...
Upcoming dividend of RM0.08 per share at 5.8% yield
Eligible shareholders must have bought the stock before 07 September 2023.
Payment date: 21 September 2023.
Payout ratio is a comfortable 54% and the cash payout ratio is 76%.
Trailing yield: 5.8%.
Within top quartile of Malaysian dividend payers (5.1%).
In line with average of industry peers (5.5%).
To Our Success !
Meow
3 weeks ago
Time to start taking some profit :) More upside potential i.e. 8 - 9 by January.
1 week ago
“Despite (being) an oil trading and storage bub, Singapore faces inherent disadvantages to compete with Malaysia in terms of operating and labour costs and intense competition from new refining and petrochemical parks in Malaysia and Brunei,” said Mr San Naing, senior oil and gas analyst at research firm BMI.
2 days ago
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