stockmamny, good move made for this company with powerful valuations

Eating char kuay teow in hawker centre now, enjoying simple life.

Petronm is really a fantastic company

Petronm is always much better than HY for several good reasons

Near term target price could exceed 10.20, longer term should stay above 12

Selling pressure getting thin, no longer easy to get in at lower level.

Undervalued co. for the time being based on FCF and quality management team

A good wake up call to some

What a fantastic analysis, keep it up and when will be part 3 coming ?

General view will be that the falling oil price will result in stock loss. However, the impact on the profitability is expected to be quite minimal. Should the refinery and retail businesses do well in q2 which I think will surely be (due to improved crack margins and larger market share etc), the once off stock loss can be easily offset with eventual net increment of NPBT.

Hence, the concern on weak oil price is fairly redundant and not a good reason to let go this strong cash generating stock !