Gap up and likely hovering above 15 cts starting today

No end of the show yet, talk too early

Today another super charged surge ? Very likely

Vaccine is to be its new venture in the pipeline?? Go find out

Wow

Still strong or super strong

Very strong indeed

How strong can it be

Later when hit 12-15c, current level is no longer high for many

Must hold ultra tight for this freshly grown up black stallion

Hold tight

Do not let go easily

Road to super highway of above 40c

Or RTO in the pipe line

Maybe Glove ?? Or Drugs ?? Not certain

CME will be another INIX ?? Lets wait and see

CME also surging and even easier to move with Homily Chart showing strong momentum

Homily Chart confirmed strong momentum with target price revised upwards to 20ct

Come to CME, you will see big gains

I smell CME price will move sharply early morning tommorrow.

Few days time, could fly up above 10 cents.......wait and see with open eyes

I smell CME price will move sharply early morning tommorrow.

Few days time, could fly up above 10 cents.......wait and see with open eyes

I smell CME price will move sharply early morning tommorrow.

Few days time, could fly up above 10 cents.......wait and see with open eyes

I smell CME price will move sharply early morning tommorrow.

Few days time, could fly up above 10 cents.......wait and see with open eyes

I smell the CME price will move sharply early morning tommorrow.

Few days time, could fly up above 10 cents.......wait and see with open eyes

I smell the price will move sharply early morning tommorrow.

Few days time, could fly up above 10 cents.......wait and see with open eyes

Pharmaceutical is the theme plus new huge contract, is a real Rocket !

Yes agreed that Petronm remains a quality stock for value investing

Somemore dividend is out there to be paid out soon

Now Petronm is totally debt free too with record eps full year, what you guys expect haha........going down ?? Wait long long lor

Remember Petronm not only delivered good result but continues to pay steady DIVIDEND yearly !

Hope HY will do the same to move up hand in hand

Solid 70% higher eps in 2017 as compared to 2016

Another excellent full year performance with increased dividend, congratulations !!

Adding ahead of 4q result in few days time

4q report card is around the corner and can be extraordinary good based on higher crack margin towards end 2017.

Furthermore, Philippines parent will normally announce its quarterly result prior to Petronm. So time to watch out for the hint from parent and continue monitor and accumulate at this sold down price if you can.

Just know needed to buy more if drop more to wait for dividend

Tq stockraider sifu for the good tips and guidance

I'm ready to enter again if come down again, overdone already for this good company

Aseng gor is always the best

Price considered stablised for now, good for next high up before announcement q4 in about 4 weeks time.

Yes, another good 4Q in Feb soon

Later TA will come out and say over react this time

Why shark made us run today ?

dannychan, why r u wasting so much time on this forum if you dun own any HY and Petronm ?

You must be very jealous or wanted to get in cheap.

Or else, no idiot like you will spend time to
talk nonsense on something nothing to do with you.

Hehe, don't dream to catch this gem at lower price anymore ! It would go up and up as per RHB paper

To be exact, more and more chinamen will come in here to buy HY and eat musang king at the same time.......haha

Tq so much bro 逍遥子 !


By RHB
12 January 2018

Petron Malaysia

Pumping More To Fuel Growth

We spoke to management recently and came away still feeling positive on Petron Malaysia. EBITDA is expected to average at MYR100-200m – bringing its net cash balance to >MYR500m in FY18. The group has turned into a net cash company since 2Q17, and its net cash balance ballooned to MYR113m in 3Q17. Petron Malaysia’s refining spreads are expected to remain high due to strong demand for gasoline products, while capacity addition in the region remains subdued in 2018. Maintain BUY and MYR16.20 TP (22% upside).

Cash coffer to strengthen further. Petron Malaysia’s EBITDA is expected to average MYR100-200m in the current market environment, and the group’s cash balance could surpass the MYR500m level by end-FY18. This is if margins are sustained. We note that Petron Malaysia’s balance sheet turned into net cash in 2Q17, and its net cash balance ballooned to MYR113m (42 sen/share) in 3Q17 with zero debt.

This, however, would not translate into higher dividends, as the extra cash is most likely to be reserved for future expansion in refining capacity and petrol station refurbishments. This is because there is still room for growth for the group in the domestic market.

Gross margins to sustain. We believe GPM can be sustained at c.MYR23.00/bbl for 2018, as demand for gasoline products remains strong. In 9M17, Petron Malaysia’s GP/bbl (the gauge for its refining margins) was strong at MYR22.80/bbl (9M16: MYR17.00/bbl). Capacity addition pressure is likely to be subdued in the year, as no major new refineries in Malaysia are coming on- line. In Indonesia, the 100,000bpd capacity addition by Pertamina is also being delayed to either 2019 or 2020 due to financing issues.

USD3.5bn allocated for expansion in refining capacity. Petron Corp, Petron Malaysia’s Philippines-based parent company, is investing c.MYR3.5bn on another refining facility on top of its current Port Dickson facility. This would more than double its capacity to 178,000bpd (an additional 90,000bpd). The indicated timeline for the completion of the new facility is in 2020.

It is too early to indicate to accurate earnings potential for the group, but the facility could potentially bring in more diverse products into Petron Malaysia’s portfolio, ie aromatics and other petrochemicals. This is in addition to its existing products, namely gasoline, jet fuel and diesel.

Maintain BUY and MYR16.20 TP (22% upside). We are maintaining our forecasts. Our TP is kept also at MYR16.20, which is pegged to 12.5x FY18F P/E. This is still at a steep discount when compared to Petronas Dagangan’s 25x FY18F P/E. We continue to like Petron Malaysia due to its above market growth in sales volume, as well as expectations of strong refining margins. Risks to call include a reversal in such margins and an unplanned shutdown at its refinery.

Bro 逍遥子, email sent d. Thanks

Bro 逍遥子, where is the latest paper by RHB ? Mind sharing here again......tq in advance.

Hold tight since volume is so thin nowadays

Me too !!!!! Lol