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Insider - CompanyNo Company's Transaction available for this stock. 10 people like this. Mabel https://www.nst.com.my/business/corporate/2024/02/1012824/petronas-chemicals-q4-earnings-improve-higher-plant-utilisation 13/02/2024 10:17 PM Mabel PetChem improvement in its fourth quarter (Q4) 2023 earnings will primarily be driven by higher overall plant utilisation (PU) as a slew of unplanned outages in Q2 and Q3 2023 were resolved. 13/02/2024 10:18 PM Fabien _the efficient capital allocator Touch macro conditions reflected in the results. A very bad quarter result, even worse than Q2 2020 when the whole global economy entered into lockdown. 26/02/2024 2:01 PM TiffanixLVxHermes div 5 cents revenue slightly up profit seriously down digesting the report.. 26/02/2024 2:30 PM Nepo wondering siapa yang accumulating or pp usually termed as "bottom fishing".. 26/02/2024 2:44 PM Nepo Pp said buy stock buy leading stock this is another example of good stock bad result but not sinking.. 26/02/2024 3:03 PM Mabel 4Q23 missed expectations but DPS was in-line Ex-one-off (MYR78m inventory write down to NRV), 4Q23 core net profit was MYR161m (-61% QoQ, -81% YoY). FY23 core earnings of MYR1,774m (-69% YoY) was only 86%/82% of ours/consensus estimates. Key variance against our forecast was due to: i) unexpected shutdown at PC Aromatics and slowdown at PC Olefins due to steam interruption issues, resulting in lower production & sales volume in 4Q23; and ii) crimping of EBITDA and PAT margins due to operating leverage (lower sales volumes), coupled with higher maintenance costs throughout the quarter. A 2nd interim 5sen DPS brings FY23 DPS to 13sen (62% DPR), well within our forecast. PetChem declared a dividend of five sen per share amounting to RM400 million payable on March 26. Total dividends for FY2023 came in at 41 sen per share, totalling RM1 billion. Thank you PCHEM Meow 27/02/2024 9:53 AM Mabel Maybank gave a revised TP of MYR5.05 PCHEMâs 4Q23 results missed expectations. We cut our FY24-25E EPS by - 33%/-37% to account for: i) lower EBITDA margins for its O&D segment; ii) post results house-keeping; and iii) incorporating Pengerang ops beginning 2H24. With that, our TP is lowered to MYR5.05 (from MYR5.75) after rolling forward valuation to FY25E (from FY24E) based on 18.1x PER (previously 16x), its updated 5Y mean. Maintain SELL. Source : Maybank 27/02/2024 10:16 AM kvlam1010 Mabel, would you please give me the linked of Maybank's TP. of PCHEM ? 27/02/2024 12:29 PM Mabel #kvlam1010 Mabel, would you please give me the linked of Maybank's TP. of PCHEM ? 27/02/2024 12:29 PM Sure kvlam1010 https://mkefactsettd.maybank-ke.com/PDFS/366758.pdf Cheers! 27/02/2024 12:49 PM yielder is this a good time to buy? since China's excess capacity flood the market and forced weak competitors to shut. does Petchem has long term advantage? 07/03/2024 9:28 AM Mabel yielder is this a good time to buy? since China's excess capacity flood the market and forced weak competitors to shut. does Petchem has long term advantage? 07/03/2024 9:28 AM Mabel sold all RM 7, RM 7.01 and RM 7.02.. Now waiting to reenter... PCHEM currently is still bullish.. 07/03/2024 10:21 AM Mabel Nepo nibble some rm6.7x, great price 05/03/2024 11:44 AM Well done Nepo... This is a good price to enter.. 07/03/2024 10:21 AM Mabel Haha Pull back is what Mabel has been waiting for. Today Mabel Re-enter PCHEM at RM 6.76... Some Nice Uncles and Auntie so nice to sell their PCHEM to Mabel So apey... Meow Meow Meow 14/03/2024 12:19 PM Mabel Let see if they still wang to sell to Mabel at RM 6.75 and RM 6.74... Thank you so much... Meow 14/03/2024 12:20 PM bullrun168 Wow, oil price was super bull ! Now Brent already at=> $85.42 +1.39 +1.65 % 15/03/2024 7:58 AM Leesa688 Dont understand how PetChem works. Revenue increases but profit margin plunges! I can understand it if revenue plunges and this is from the stable of Petronas well run companies! Now even their dividend plunges! Petronas Gas and Petronas Dagangan have always done well! 15/03/2024 7:43 PM Mabel #Mohd ImranRafifi Nice catch, Mabel. You have made 3% paper gain now đ¤ 15/03/2024 4:30 PM Yes Sir! To Our Success! Captain Mabel Meow Friday, March 15th 2024 Brent futures have broken through the $85 per barrel for the first time since November, indicating that the gradually improving sentiment, further buoyed by Ukrainian drone strikes on Russian refineries this week and declining US inventories, is here to stay. 15/03/2024 10:25 PM Mabel PetChem declared a dividend of five sen per share amounting to RM400 million payable on March 26. Total dividends for FY2023 came in at 41 sen per share, totalling RM1 billion. Thank you PCHEM 15/03/2024 10:55 PM Mabel Leesa688 Dont understand how PetChem works. Revenue increases but profit margin plunges! I can understand it if revenue plunges and this is from the stable of Petronas well run companies! Now even their dividend plunges! Petronas Gas and Petronas Dagangan have always done well! 15/03/2024 7:43 PM In the case of Petronas Chemicals Group (PetChem), several reasons have been identified for this financial outcome: ⢠Compressed Margins: Despite higher revenues, PetChemâs earnings before interest, taxes, depreciation, and amortization (EBITDA) were lower mainly due to compressed margins. This could be due to increased competition, higher production costs, or lower selling prices for their products. ⢠Higher Operating Expenses: An increase in operating expenses, such as maintenance and energy & utilities costs, can reduce profit margins even if revenues are up. ⢠Plant Utilization Rate: PetChem reported a lower plant utilization rate due to higher plant statutory turnaround and maintenance activities, which resulted in lower production and sales volumes. This means that even though they may have sold their products at higher prices, they sold less overall, impacting profits. 15/03/2024 10:56 PM Mabel ⢠Foreign Exchange Losses: PetChem experienced higher foreign exchange losses on the revaluation of loans to a joint operation company and of a subsidiary. Currency fluctuations can have a significant impact on the profits of companies that operate internationally. ⢠Acquisition Costs: The acquisition of leading Swedish Chemical Group Perstorp and the associated costs also contributed to the decrease in profits. Acquisitions can lead to short-term financial strain due to the initial costs involved. ⢠https://theedgemalaysia.com/article/petronas-chemicals-subsidiary-buys-swedish-firm-rm7b ⢠Global Economic Conditions: The global economic recovery has been sluggish, which affects demand and prices for chemical products. ⢠Dividends: The decrease in dividends is likely a result of the lower profits. Companies often adjust their dividend payouts based on their profitability to maintain financial stability. Hence to answer his question, while higher revenues indicate that PetChem was able to generate more sales, various factors like compressed margins, increased operating expenses, lower plant utilization, foreign exchange losses, and acquisition costs have negatively impacted their profit margins and dividends. Itâs a complex interplay of operational performance and market conditions that affect the financial health of a healthy company like PetChem 15/03/2024 10:57 PM Mohd ImranRafifi You are so hardworking digging out the old news of Petchem, Mabel đ 20/03/2024 10:47 AM Leesa688 Thanks Mabel for the explanation. Just that PetChem should be able to withstand such pressures as higher operating costs and foreign exchange losses, which are also faced by Petronas Gas or other international companies. Maybe the market does not see that Perstop is a good acquisition. 20/03/2024 7:06 PM Mabel #Mohd ImranRafifi Perstop? Is that the company provides waste handling solution? 22/03/2024 10:59 AM No. Perstorp is leading Swedish Chemical Group and a global leader in the specialty chemicals market, known for its innovative approach and sustainable solutions. The company focuses on using small molecular building blocks to create products that enhance everyday life in terms of safety, convenience, and environmental sustainability. Perstorpâs product range serves a variety of industries, including animal nutrition, advanced materials, resins, coatings, and synthetic lubricants. Recently, Perstorp was acquired by PETRONAS Chemicals Group Berhad (PCG), Malaysiaâs leading integrated chemicals provider. This acquisition is part of PCGâs strategy to expand its presence in the specialty chemicals industry and to grow Perstorpâs value, focusing on sustainability and innovation. The acquisition aims to strengthen Perstorpâs position in the Asia Pacific markets and leverage PCGâs industrial know-how and customer base. Perstorp is also committed to driving sustainable transformation within the chemical industry. One of their key initiatives is Project Air, which aims to reduce carbon emissions through the production of sustainable methanol. The project has been recognized by the European Union Innovation Fund as one of the large-scale green tech projects to be granted significant funding. To Our Success! Meow 25/03/2024 10:30 PM Mabel Perstorp complements PETRONAS Chemicals Group Berhad (PCG)'s future direction and business in several key ways: Strategic Diversification: The acquisition of Perstorp is a strategic move for PCG to diversify into the specialty chemicals industry, which aligns with its vision of becoming a preferred chemical company providing innovative customer solutions. Revenue Growth: Perstorp is expected to contribute significantly to PCGâs revenue, with an immediate increase of about 28% based on 2021 results. This supports PCGâs medium-term goal of generating 30% of its revenue from non-traditional businesses by 2030. Sustainability and Innovation: Perstorpâs focus on sustainable solutions, particularly its Project Air which aims to produce sustainable methanol, strengthens PCGâs decarbonization efforts and commitment to sustainability. To Our Success! Meow 25/03/2024 10:41 PM KingKKK Malaysia's Mega-Cap Showdown: Mega Utilities vs Banks vs Healthcare - Who Wins? YTL, YTLPOWER, IHH, TENAGA, MAYBANK, PBBANK, CIMB, PCHEM https://klse.i3investor.com/web/blog/detail/bestStocks/2024-03-26-story-h-185506101-Malaysia_s_Mega_Cap_Showdown_Mega_Utilities_vs_Banks_vs_Healthcare_Who_ 26/03/2024 4:34 PM Mohd ImranRafifi @Mabel. I see. I thought it was Perstorp Sdn. Bhd. (https://perstorp.my/) đ
27/03/2024 10:31 AM Nepo Thanks @ Mabel for the info look like Pchem future is promising, bought some this morning@ RM 6.80 27/03/2024 1:53 PM Tanleechoo How is china petrol chemical industry? Is Petronas competitive in future.? 27/03/2024 2:36 PM Sslee Petrochemical industries in Europe is facing challenge of lifetime due to escalation cost in EU and cheaper China Petrochemical coming into market. Pchem is only profitable due to Petronas support of cheaper NG cost. 27/03/2024 2:45 PM Tanleechoo This means like glove industry/ car Industry⌠any thing China touch .it Will be hyper competitive!? 27/03/2024 4:28 PM Mabel Haha today Mabel collect more at RM 6.71 and RM 6.70.. Hopefully can make some Duit Raya.. 29/03/2024 5:44 PM | |