Continue dropping/recovery?
$PCHEM (5183.BMS)$ fertiliser & methanol demand will subdued, as can seen, this PAT generated from fertiliser & methonal are higher than 20%, while olefins & derivatives are lower PAT at less than 10%
so can be seen that their coming qr might not as good as now, and thing can only recover as end of they year as per their management, but still subject to demand, geopolitical & etc
will not fly, only buy to keep
expecting bad qr in coming 24Q2 & 24Q3
better wait and see
from TA view, this stock is going down below 6...... without proper support.... hopefully by next year their products can have better demand so they can improve their QR.....
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kvin108 OP :