PCHEM Stock Forum

LimThang（MY） : How many shares did you buy?

SahamTrooper : thank you for the analysis my friend

102606733 pano 50k : Happy for you

我要财富自由 : congrats.

103837299 OP : Looking forward to collect PChem First Interim Single Tier Dividend of 10 sen per ordinary share for FY2024.  Ex date 30/8.
Should trend up to  RM7.00 with its recent qtr report of  24% increase in net profit for the second quarter ended June 30, 2024, rising to RM777 million from RM628 million a year earlier, driven by higher sales volume and finance income. Revenue also grew 8.6% year-on-year to RM7.73 billion from RM7.11 billion.

我要财富自由 : a lot of companies usually have surge in volume during the day of qr result. eg mnrb, mi . same goes with pchem. anyway, pchem result was released in the noon time. of course the spike will come in the afternoon trade session.

我要财富自由 : net cash from operation +1.6 billion, net cash from  investing -1.2 billion , net cash financing -0.31 billion. overall net addition 0.123 billion. with net cash 9.4 billion. Overall cash position is still healthy.

little sand OP 我要财富自由 : How will forex affect its cash flow?

我要财富自由 : yup that is something to be concerned with in the next qr report. and there is a planned facility maintenance which will affect output. all these will affect the next quarter report :)

我要财富自由 : for blue chips, usually we can safely buy low and sell high. this pattern is repeated for petdagangan and pchem as they are supported by EPF.

102606733 pano 50k OP 我要财富自由 : But I catched the knife too early (from 2 months ago), that's why I need to average down by purchasing additional 10k at RM 5.43.