In previous quarter, the loss was also contributed by Russian crude.

So in short, the profitability depends on how much the hedged? And whether the oil price increase?

Posted by Sslee

Now I understand how Petronm do a commodity swap as hedging.
Example: Today Petronm just buy physical oil 1 million barrel at USD 80 per barrel.

Since the 1 million barrel on oil will reach PD then into storange tank and process into finish products in 30 days time hence Petronm make a commodity swap with counterparty at USD 80 per barrel for 600K barrel maturity 30 days later.

At the end of 30 days the average 30 days oil market price is now USD90 per barrel hence Petronm need to pay counterrparty 600K x USD(90-80) = USD 6 million.

For this commodity swap Pertonm make a derivatives lose of USD 6 million but that lose will actually be recovered by stock gain because the USD 80 per barrel 30 day ago purchased is now worth more (USD 90) in inventories gain.

Similarly if the average 30 days oil market price drop below USD 80 what gain from commodity swap will be losses in value of inventories.

Sila ambil perhatian. Operasi KWSP belum selesai dan dilanjutkan. Harap maklum.

All selfish one..........

Ah Jib can get advise from Anwar....

Siapa tukang tilik? Can give your prophecy....

Lari...............

Chill rr88. Respect orang tua lo. The way I see, it has reached the resistance level.

Lari.........

Pak tua is the next KYY.....start writing blog ya.....kikiki

RSS punya kerja...

This is a tong sampah stock

Mcm betul saja...sure or not your calculation correct?

Posted by hng33 > 36 minutes ago | Report Abuse

You can check previous Petron Corp Q1 result, the non-control interest profit is Peso 350m. The non-control interest profit refer to 26.6% non-control interest in Petron Malaysia. Therefore in total full Petron Malaysia profit should be
100% /26.6% = 3.76
3.76 x Peso 350m = Peso 1316m
Peso 1316m x conversion rate 0.08 = RM 105.3m (about match to PetronM Q1 net profit RM 106.3m)

Therefore, the latest Petron corp Q2 show non control interest profit is Peso 595m. Use the same formula above to calculate Petron Malaysia upcoming Q2 result

100% /26.6% = 3.76
3.76 x Peso 595m = Peso 2237m
Peso 2237m x conversion rate 0.08 = RM 178.9 (estimate PetronM upcoming EPS = 66sen)

I think tomolo not a good day. All red....

LARI......

Oil drop again

Short squeeze ka?

shhh.....Ah Jib told me GE15 kambing. That's why he try to adjourn his case to 4 months. But itu kakak in federal court tak bagi. Ah Jib kantoi.

Tengok mcm ada harapan....

Sila ambil perhatian. Operasi KWSP belum selesai dan akan dilanjutkan.
Harap maklum.

Wah......good life can play badminton.....no need to work

Supermax will more or less the same. They are waiting for their US factory completion. After that they may list in US......

I suspect so...

Is Rakuten nominee?

ini kali lah......KFC

Ah Chai power

EPF still launching its artillery on Harta...u didn't hear meh?

EPF attacking Harta lo

Itu plane baru mau naik ma....u mau terjun ka?

Chart looks very yummy..........

Futures for October delivery fell 6.7% to close at RM4,113 a ton after ending last week at the highest level since July 1. Soybeans and soybean oil declined too, after the US Department of Agriculture forecast record domestic soy output.

Oil prices fell by more than $3 a barrel on Monday on concerns over demand in China.

Is there going to be another article with a sell call Mr Koon Yew Yin?

As expected. The so-called sifu. I believe many weak investor will suffer because of him.

Please be logical. Ask yourself. Is your fund bigger than EPF? Can you go against EPF?

Again flip flop.....how many nonsense you want to post?

Penny stock in the making....

Bottomless.............

Double Top.....let it go
Let it go, let it go
Can't hold it back anymore
Let it go, let it go
Turn away and slam the door
I don't care what they're going to say
Let the storm rage on
The cold never bothered me anyway

Supermax is smart to setup in US.

What is the point of investing to expand when it is oversupply?

I want to break free from your lies
You're so self-satisfied I don't need you
I've got to break free
God knows, God knows I want to break free

I want to break free..........

struggling to break free......

Useless.
"After three exemption requests of six months each, there is still no sign of any resolution. Queries by Bursa Malaysia are also absent. Meanwhile, FGV is more concerned about pay and perk hikes for the Chairman and Board of Directors which invited a public and shareholders uproar."

Itu kena tengok CPO...

Why explosive QR? I doubt it.

Harta becomes Holland..........

result bila?

Ini macam paktua tau bile GE 15? Bukan GE 14 tau.

Posted by paktua73

Vtrade..YAB is paktua before 2018..old members from myeg,hibiscus,inari,pmetal,mmsv,krono
was know paktua as YAB..bcoz paktua was ex minister on paklah,mahathir time
hehehe



tut tut
reveal own status
ihik ihik

Going to sleep.....zzzzzzzzzzzzzzzzzz