$PCHEM (5183.MY)$ can it break the resistance level today?
$PCHEM (5183.MY)$ can it break the resistance level today?
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104758647 : Unfortunately not, PChem Q3 = losses, Overall still positive but net profit halved of 2023 comparing it against same Q. Sales are up, squeezed by Forex and cost of doing business. And The company booked unrealised losses on revaluation of shareholders loan to a joint operation entity amounting to RM398 million during the quarter “quoted from the Edge”
Petronas Chemicals reports first-ever quarterly loss since listing
Business is good, Pengarang is undergoing testing and commissioning for specialised products ie diversification of products offering, should do very well from 2025 onwards.
Price is good for accumulation.