One, two, three, four, five
Everybody in the car, so come on, let's ride
To the liquor store around the corner

It has reached the number 5.

Lol...one is refinery and one is exploration....comparing chicken and duck.

If Petron can be $5.22, Ah Heng should not be less than $5.

Hibiscus report will not be explosive. Let's be real.

Jia you! Jia you!

IDSS kena short squeeze.....mari tepuk tangan

Ini kali lah

Tiu, its down trend la. You scream also no point.

Ah Heng sudah nampak handsome sikit

Still got dividend....not bad Mr Thai

Apa ni? Mana satu Benar?

.

GE in Sept?

No...it was actually RM 1.02...because of ah Pen accent

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?