50PE company just keeps getting higher and higher

The year end window dressing has begun

You can't have a 3 year stock competition and have OTB sitting in 4th place not having competed in 2018 and 2017

The recent share buybacks have seen a noticeable increase in interest. Likely to be a good move long term.

No dividend was declared for Q3

Wondering why there isn't much of an interest here from the more well known investors on this forum like Icon and Phillip. Extremely high ROC, earnings growth, revenue growth, Decent EBIT/EV to boot.

What I do like about Petron is that its ROIC has been consistently high. Even taking into account its latest quarter, assuming Petron does not earn money at all (no loss either) in the 4th Quarter, taking the same amount of capital currently, it is earning over 20% ROIC. And has been consistently doing so for the previous years despite the odd loss in one quarter here and there.

On the group’s prospects, Sazali says the performance for 2020 will be about the same was 2019. If luck is on their side, it will be better.
Read more at https://www.thestar.com.my/business/business-news/2019/12/07/petchem-ready-to-get-back-into-the-game#Ifz1ddgiKR40yM12.99

I love Ricky Yeo

Hmm, the 200m a year fixed deposit earnings retail + refinery might not materialize after all. Cash flow still seems pretty good though?

Im hearing one of their subsidiaries Eco World Trading lost a suit in court for 8m

@felicity

What do you think the fair value of Petron is?

Lol Icon really giving it to Phillip here, lost alot of money?

I think it's highly unfortunate that Choivo boy being the biggest proponent of RCE is not able to reap its full and long term rewards

Did he delete his comments? Who is Choivo replying to?

@Titan

Mr Phillip :D
Would love his thoughts on this.

Erm.....?

Results just keeps getting better

I find great value in Phillip and Choivo's comments in the forum and particularly so in this topic. However, I can't help but feel that Phillip's analysis into each stock does not factor in the price the stock is being traded. Phillip justifies Petron's low PE with his reasons, right though as he may be. But what if Petron was trading at RM1? Phillip's questions about Petron's growth and ability to expand in an already saturated industry let alone its ability (or lack thereof) to differentiate itself from Shell and Petronas still rings true. In other words, the price of a stock is an immaterial consideration to Phillip and even if it is, Petron's low PE is justified given its comparable quality compared to others. My question to Phillip is if Petron was trading at RM1, would you buy the stock? I doubt it. Your reasons for justifying Petron to be selling at such a low PE still holds true, nothing changes.

Choivo on the other hand from what I have read loves Petron. And I feel this has alot to do with the price at which it is being traded at as compared to PetDag 20+ PE. Margin of Safety is important and at this price point, it's difficult to argue against Choivo. From my shallow understanding of the company, it's one of a few B2C companies on Bursa in an industry where it is being subsidised by the government for the most part. The refinery is an immaterial consideration as it earns most of its money from its stations. Most people including myself is indifferent about pumping in Petron or Shell etc.. and this is where Phillip comes from. Why invest in a company where its moat is questionable, its chances of usurping Shell and Petronas in terms of market share is doubtful, with little likelihood of increasing efficiency and profit/profit margins besides its strategy of increasing petrol stations every year? Im sure Choivo knows this, but paying 7/8 times earnings of about 200m a year is still worth the investment, the downside is limited, what can really go wrong?

Ultimately as I see it, its a Qualitative vs Quantitative assessment. That's not to say that Choivo doesnt do a qualitative assessment on Petron, Im sure he has. But the quantitative aspect of it plays a bigger part in Choivo's mind than Phillip's. In the end, it is the price at which you are willing to pay for a company. Phillip doesn't think its worth it even at 7 PE for the reasons aforesaid in his posts. Choivo thinks its an absolute bargain at 7 PE, 200m a year earned back in 7 years, the downside is extremely limited. After all, 2 rules in investing, 1 is not to lose money, 2 is not to forget rule 1. Who's to say who's right and who's wrong?

Just my 2 cents.

How low can it go

And ignoring electric cars, what about flying cars?

I don’t see any purchases of this stock today, how could you have increased by 10%?

What are the prospects of electric cars on this stock?

Felicity waited so long for this, my word

https://oilprice.com/Energy/Oil-Prices/10-Oil-How-Far-Could-Oil-Prices-Fall-If-We-See-A-2009-Style-Crash.html

https://oilprice.com/Energy/Oil-Prices/10-Oil-How-Far-Could-Oil-Prices-Fall-If-We-See-A-2009-Style-Crash.html

Just to remind you as well Choivo that you said the same thing for RCE Capital

Highest Revenue, NP, 5G not coming anytime soon, sounds like a Philip investment to me

Choivo boy, tell me you don’t top up if Petron goes down to 2 ringgit

Go triple your position in Petron instead, going below 6 now

Philip going to get margin call soon

Kcchong post up a blog about Insas and suddenly Philip so quiet because he respects kc chong's opinion

Philip, when are you posting your Bikers Gang part 2, been waiting for it for a while now would like to hear your thoughts about PCHEM

So what’s correct then?

So what is it then jaynetan?

So basically everyone is converting their warrants last minute resulting in the price of the mother to go up?

Is this company net cash?

Phillip, what do you think of GCB?

Isnt this a quarter report? Nothing especially your discussion on Gkent talks about its quarter, all time low revenue since 2015, all time low NP since 2016, what are your thoughts about that?

EPF and KWAP disposing like crazy

Great QR, TP RM20

Gohkimhock still backing this stock and it’s fundamentals? This counter is a goner

Getting RCE'd means not knowing what you don't know. Im sure your cost of Petron is much higher than the price now.

Phillip already having cold feet on PCHEM hahahaha

So Choivo boy, what makes you think you’re not getting ‘RCE’d here as well?

Petron's NP Margin is dangerously low

How do O&G counters affect this company?

Not bad, 21.3 EPS, pretty decent and way better than Hengyuan

Didn’t you add 10k at 8.45?

Is it possible to also add Stone Co in here?