@SSlee, how do you related the PEx and share price in the posting below? As far as A NEWBIE understand, PE multiple is always base on full year or 12 months earnings.
Could it be the ‘expert’ put words into your mouth?
Hahaha…
————————-
Posted by SuperPanda > 2 hours ago | Report Abuse

As Sslee mentioned, he would sell Petron at the PE of 10 to 15

PE 10 --> RM 6.8
PE 11--> RM 7.48
PE 12--> RM 8.16
PE 13 --> RM 8.84
PE14 --> RM 9.52
PE 15 --> RM 10. 2

So do you due diligence and sell accordingly.

cc : TakeProfits

“Petron, however, pointed out that its earnings were affected by mark-to-market loss provision on outstanding commodity hedges”

The provision mentioned above is $167 mil. Hopefully a significant portion of the provision will be reversed and add to the profit of Q3.

Learn to be humble and learn some manners. Don’t jump to conclusion that other who put forth a different perspective from yours is deemed loser! Moreover, you have no bloody idea the investment strategies of other. Read carefully what you said !

Posted by SuperPanda > 40 minutes ago | Report Abuse

why you cannot take the fact and learn from it? many has failed in this market due to ignorance and you might be one of them

Why can’t you be humble and respect other’s view and perspective? You have a lot to learn your manners. If you think it is ok to simply label other as you like you be prepared to accept how other label you ! I think you are an arrogant idi0t. Do you like it ?

Posted by SuperPanda > 40 minutes ago | Report Abuse

why you cannot take the fact and learn from it? many has failed in this market due to ignorance and you might be one of them

SuperPanda, newbie or not is not up to you to judge. We are just highlighting the huge disparities between the two . Understand?

Price for Brent was on steady rise from April to peak on June 8 at USD121. As brent was on uptrend for most part of the qtr, it resulted $268mil realised hedging loss and $167 mil temporary provision for hedging loss. I suspect quite some of the unrealised portion can be wtitten back to P&L in Q3 if crude feedstock does not scaled higher than the level in Q2.

Nevertheless, H1 2022 EPS of 107.40 sen is fantastic. The prospect of earning about $2 per share for FY2022 is bright.
If PE of 10x only, Petronm should fetch $20.
NTA is $8.16.

In contrast to Petronas Dagangan :
EPS 1H 2022 only 36 sen
NTA $5.67
Share price $22 !!

KYY eating sour grapes lah…

KYY another sour grapes!

By now, everyone knows KYY pusing sini -pusing sana all to suits himself.

Who trust KYY anymore. His article can go into rubbish bin.

MM is damn frustrated. Her nonstop lies don’t work in HY. She is banging her head on the wall now …

Aiyo MM, it really hurt you so badly to see HY’s share price surging. It will hurt you much more when next LU come.

MM rasa malu ,sudah lari ke HY. Banyak buat kacau sana.

Beware! MM frustration and jealousy has reached an unprecedentedly high level . He shouted days and nights for Hibiscus to go limit up. But HY went limit up instead. More limit ups for HY will drive her to mental hospital .

@Pang, MM shouting limit up in Hibiscus day and night . Limit up happened in HY instead. She can not stomach it and vent her frustration now .

MM , you need to see a psychiatrist and a psychologist. You have both mental and behavioral problem.

Everyone can see MM is extremely desperate just want kill the uptrend of HY. Bad intention and she will face the retribution one day .

MM, have you stopped shouting limit up and explosive results in Hibiscus ? I don’t see any explosive share price ? I only see your backside exploded .

MM, you can continue to assume what you like to assume. I have no obligation to tell you what I do .
Hehehe…
—————
Posted by MoneyMakers > 37 minutes ago | Report Abuse

JohnZhang Should’ve taken exit at rm6

Never learn from June bloodbath meh..2nd time syndicate slaughter u alrdy aiyoyo

Moneymakers is mentally very sick .

Moneymakers Shouts Lu everyday at Hibicus forum . HY LU pula . Hahaha

See how desperate is moneymakers. She is in panic mode and banging her head on the wall .

Switch to HY.

Moneymakers, how your bruised backside from Hibiscus? I now it is very painful. You don’t have to vent your frustration in HY forum mah …

That’s your wishful thinking only . I bought substantial volume $4.03 to $4.30 in the recent weeks and laughing to the bank. Now you can go to bang your head hard on the wall . Hehehe
Posted by MoneyMakers > 12 minutes ago | Report Abuse

JohnZhang I warned u last time about buying @ rm7

Ur credibility worse than mine kikiki

Moneymakers eats sour grapes. No credibility at all. Her wishful thinking is for everyone to suffer losses like her in stock market.

MM, everyone knows you are eating sour grapes. Sour grapes can not cure your backside pain lah …..

MM, how’s your backside feeling now ? Hehehe

MM , you don’t have to worry for me . You better worry for yourself being ‘main belakang’ one more time in Hibiscus. Hehehe…

Moneymakers real sour grapes! He shouts for months for limit up in Hibiscus. But HY LU instead .
@MM , please go and bang your balls , if you have .
Hahaha…

Unbelievable !!!!!!!
@ Zhuge_Liang, congratulations for your limit up wish come thru. I didn’t believe it could happen.
@Probability , your in-depth knowledge, conviction and perseverance really pays off now. Based on your regular updates in this forum, I have benefited a lot from adding to my holdings considerable volume from $4.03 to $4.30 in recent weeks
. As future qtrs earnings is expected to be still good , I will hold on to them to reap higher return. Thank you .

Is higher borrowings and payables per Q1 BS a sign of problem? I don’t think so!

The YOY INCREASE in borrowing and account payables totaling $1,493 mil is to finance the INCREASE in inventory and account receivables totaling $1,558 mil.
The increases mentioned above are absolutely normal when the company’s revenue increase by $2,755 mil YOY (from $2,198 mil to $4,953 mil).

Here are the YOY CHANGES:

Inventory +$1,106 mil
Trade& other receivables +$452 mil
————————————-
Total inventory & receivables +$1,558
The increase of $1,558 mil is due to substantially higher crude and refined products prices and higher sales.

Nett borrowings +$517 mil
Trader & other payables +$976 mil
—————————————-
Total debts & payables +$1,493 mil
The increase is fully used to finance the increase in inventory & receivables .

The property and plant is debt free!
Property and plant’s book value $2,080 mil.
Shareholders equity $1,988 mil.
As such the plant and property is 96% financed by shareholders equity.

The borrowings and payables are 100% employed in financing the normal trades which have quick turnover - inventory turnover is about 1.6 months and receivables is about 1 month. Therefore, the financing cycle is about 2.6 months (1.6+1.0 ). In NO way will the company gets into cashflow problem. Trade finance from the banks is commonly for 6 months repayment whereas the financing cycle of the business is only 2.6 months.

There are many threats to SA’s interest . Some naughty political figures and their proxy may be eyeing the huge pile of cash and vast track of valuable landbanks. You know what I mean if you read the background of the company in older days .
Taking the company and assets private ,off the radar of public, will serve the long term interest of SA.

It’s a done deal . Money in the pocket! Hahaha…

Posted by Kaya Toast > 12 hours ago | Report Abuse

Yay!! SPA conditions all MET!!!

Surin , thru casi and mwe holds 262 mil share or 36.6%. The remaining 453 mil shares are owned by family members, directors and senior Mgt, friends and other non related minorities.

The $872 mil mentioned in earlier post is enough to buy out all minorities at $1.92 per share (ie after capital reduction of 40sen). And SA takes all the multiple $billion properties.

Just for discussion purposes.

Repost with corrections .

Posted by Johnzhang > 7 hours ago | Report Abuse

Per AR 30/6/2022,
(A). Asset held for sales $2,842,732,000 (which I think only the insurance unit as a whole)

(B). Liability directly associated with assets held for sales $1,678,662,000

(C). Minority interest $611 mil

(D). Gain on disposal $170 mil which can only be credited upon completion of the sale.


Nett to MPHB after completion = A-B-C+D = $723 mil which will constitute cash and investment securities.

On top of this $723 mil derived from insurance discountinution ,there are still about $434 mil cash and near cash assets showed in current asset less the payables.

Therefore, total cash and near cash assets =$723mil + $434 mil = $1,158 mil !!!

Even after the proposed capital repayment of 40 sen costing $286 mil, there is still whooping ($1,158mil -$256 mil) = $872 mil in the books.

@Hafid, I think SA won’t like to see many hundreds of shareholders in his private company which is cash and asset rich .

The management/SA has no interest to undertake new business or transforming the company despite huge cash hoard . They simply want to eventually take the company private at huge discounts to its real worth. It’s that simple.

Posted by Goh123 > 24 minutes ago | Report Abuse

dont worry the company can extend..

Youwin is very sharp !
With this , privatization is imminent. Just my opinion. Not a buy call.

As stated in Section 6.1 of the Circular, MPHB plans to submit a waiver application to Bursa Malaysia Securities Berhad (“Bursa Securities”) to exempt the Company from being classified as an “Affected Listed Corporation” as a result of the Proposed Disposal. In this respect, MPHB had on 4 July 2022 submitted the said waiver application to Bursa Securities.



On behalf of MPHB, AmInvestment Bank wishes to announce that Bursa Securities had vide its letter dated 18 August 2022 rejected the waiver application to exempt MPHB from being classified as an “Affected Listed Issuer” pursuant to Paragraph 8.03A(2) of the Listing Requirements.

Surin , thru casi and mwe holds 262 mil share or 36.6%. The remaining 453 mil shares are owned by family members, directors and senior Mgt, friends and other non related minorities.

A buy out offer at $2.00 (after capital repayment of 40 sen ) shall only cost $906 mil.

@endgame, I don’t think there will be limit up day. Someone is patiently taking up the ticket from the impatient minorities.

@Goh, didn’t you notice someone is collecting the shares upto $1.50 in recent week?

Recovering crack spread , explosive Q2 and Q3 earnings, yet depressed share price ….
Something just doesn’t adds up! Right ?

https://newswav.com/A2208_wxcnGV?s=A_qsODMxG

Anyone has information if BStead holdings provide guarantees, loans or and form of undertaking to BNS and BHIC?

We need an explosive Q2 nett profit to dispel some peoples notion of bad management, huge hedging loss, shifting profit to parent company etc
Finger crossed .

Syndicates and short sellers decide .

@probability , you also see people dumping good nett cash plantation shares despite a sure 2qtr record profit and robust dividend payout. Notwithstanding that CPO has dropped considerably from the unsustainable highs , present price level still generates profitability well above the historic averages.
Genuine investors are just too nervous and prefer to stay on sidelines. It’s therefore a heaven for syndicates and short sellers to dictate the future.
KLSE is doomed!
That’s just my observation.

KLSE’s sentiment is poor, lack of liquidity and investors are in nervous mode . Under such market environment, it is more realistic to assume PE of 5x to get TP. Just my view .
—————

Posted by Zhuge_Liang :
If EPS = 1.76, the target price can be 19.20/1.20*1.76 =28.16 if based on historical number.
No one can give an accurate target price at the present time.
We need to wait for Q2 2022 result