Overview:
Petronas Chemicals Group Berhad (PCG) is an investment holding company. PCG is an integrated chemicals producer in Malaysia.
The Company operates in three segments: Olefins and Derivatives, Fertilisers and Methanol and Others.
Olefins and Derivatives activities include the supply and trading, manufacturing, marketing and transportation of a range of olefin and polymer products, from ethylene and propylene, which are used as basic feedstock for other products, to intermediate products, such as ethylene oxide, ethylene glycol, butanol chemicals, as well as various ethylene oxide derivatives, including basic high performance chemicals.
Fertilisers and Methanol activities include producing and selling methanol and a range of nitrogen, phosphate and compound fertilizers.
Others include other businesses that support the petrochemicals’ business operations.
PCG has three manufacturing complexes in Gurun, Bintulu and Labuan that produce fertilizers and methanol product.
The Company operates in three segments: Olefins and Derivatives, Fertilisers and Methanol and Others.
Olefins and Derivatives activities include the supply and trading, manufacturing, marketing and transportation of a range of olefin and polymer products, from ethylene and propylene, which are used as basic feedstock for other products, to intermediate products, such as ethylene oxide, ethylene glycol, butanol chemicals, as well as various ethylene oxide derivatives, including basic high performance chemicals.
Fertilisers and Methanol activities include producing and selling methanol and a range of nitrogen, phosphate and compound fertilizers.
Others include other businesses that support the petrochemicals’ business operations.
PCG has three manufacturing complexes in Gurun, Bintulu and Labuan that produce fertilizers and methanol product.
Petronas Chemicals Group Bhd |
Trading Plan:
1) Trendline - Broke below the 20MA >Downtrend line (Bearish)
2) Volume: High but price went down >Price Volume Divergence3) MACD: Red (Negative>Bearish)
1) Trendline - Broke below the 20MA >Downtrend line (Bearish)
2) Volume: High but price went down >Price Volume Divergence3) MACD: Red (Negative>Bearish)
4) Smoothed RSI : Break below 31%. (Oversold)
Entry: RM 6.03,
Tok
5) Support/Resistance - Formed lower low (Bearish)
6) Beta: Nil7) Candlestick - Bearish Identical Three Black Crows [ a)Three consecutive long black days with lower closes each day. b)Each day opens at the previous day's close.]
8) Pattern - ReversalEntry: RM 6.03,
Cut loss: RM 5.91
Profit: RM 6.39
RRR (Risk to Reward Ratio)> 1 : 3Tok