hahaha, no change in fundamentals with such low pe and record earnings !

Why not buy now where capital gains can be very lucrative compared with other KLSE counters !

hahaha, no change in fundamentals with such low pe and record earnings !

Why not buy now where capital gains can be very lucrative compared with other KLSE counters !

OTB and KYY watching and laughing to back back BIG

OTB and KYY watching and laughing to back back BIG

This is a real fight between IBs and giant investors

Buy in time to wait till June later

Low to buy in

Wait long long

Beware of OTB, Fred Tham and KYY coming in to scoop low

Very quietly coming in

Right now mostly serious and strong holders :)

Someone may have bought a lot of CWs at low and ready to buy up mother share to above 13 soon

Really over over sold for both Petronm and HY

Really over over sold for both Petronm and HY

Both HY and Petronm heavily oversold

Both HY and Petronm heavily oversold

HY PE < 4x

HY PE < 4x

Buy and buy around this level will make you earn good gains with dividends included

Really oversold............just buy bit by bit

All weak and short term players completely squeezed !

Volume is thinner but price moving down. Appears very tightly held and controlled by some hidden hand

Haha, but guess our dearest friend probability is juz expressing his concern based on the proposed plan.

I'm pretty sure Petronm management will know what to do and how to hedge the current biz/profitability given they are all talented managers and experienced industry players.

If the price adjusts lower along the way due to this reason or other unjustified factors, I'm confident to see more value investors plus fund managers to grab the buying opportunities ahead of the expansion plan which is ultimately aimed to boost earning growth.

After all, expansion is also an indirect reflection management is constantly making efforts to ensure shareholders' value is enhanced.

Bear in mind that, there are not too many low pe, continuos profitable company, zero debts and strong net cash companies like Petronm to pick and add into one's portfolio from our Bursa.


Last but not least, volumes lately have been not too large hovering around 2 mil or sometimes very much less, another sign many bought and hold tight for higher pe and at least some dividend if not higher payout due to expansion reason.

I have been sleeping like a baby every night for holding this counter for the last 8 years and is extremely happy to see the management competence being able to drive the company share from as low as 3 to as high as 15.

Wishing all a happy weekend !

I'm still underbought

Now dun want to buy low, later strong up then chase is the most stupid way of trading

Down will collect again, won't go wrong.......trust me

Yes, keep holding and buying !

This guy, Mohd Fahmi Bin Jaes is juz a parasite, caryy no weight at all

Result out baru tahu murah lagi oh

Alex Foo, because you just an ordinary individual. Otherwise, you will be on par with KYY

Sold all my CF.........tq K&N, 20% return only

Pls buy more HY but hold tight to Petronm

The RM3 gap has to be maintained

Until HY is above RM15

Dun sell your tickets or else regret for life on this life time opportunity to make big gains

Switching all my Maybank and PublicBank into Petronm, hehe

Switching all my Maybank and PublicBank into Petronm, hehe

Switching all my Maybank and PublicBank into this one, hehe

Will buy

Aseng is good, I understand

Buying more when lower

http://www.theedgemarkets.com/article/petron-malaysia-rises-record-rhb-rates-new-buy-earnings?type=malaysia

Petron Malaysia

Fuel HappyTM

We initiate coverage on Petron with a BUY recommendation. Our TP of MYR16.20 (60% upside) is based on a 12.5x FY18 P/E. The company owns over 580 service stations nationwide, distributing gasoline, diesel and LPG products. Petron also owns an 88,000bpd refinery in Port Dickson, Malaysia with a Nelson Complexity Index of 3. We believe the refinery would provide the company with a competitive advantage, thereby enabling it to take advantage of refined product spreads.

Third largest retail station operator in Malaysia. Petron Malaysia (Petron), a major fuel retail distributor in Malaysia, has the third largest market share in the country behind Shell and Petronas Dagangan (PETD MK, NR). It owns over 580 service stations nationwide, distributing gasoline, diesel and LPG products.

Besides retail marketing, the company also owns an 88,000bpd refinery located in Port Dickson, Malaysia with a Nelson Complexity Index of 3. The refinery is capable of producing gasoline, diesel, liquefied petroleum gas (LPG), kerosene and low sulphur waxy residue (LWSR). The refinery has an average utilisation rate of c.50% due to the unfavourable economics of LSWR which, in turn is due to its low complexity rate. The company is 73.4%-owned by Petron Corp, the largest oil refining and marketing company in the Philippines.

The refinery could provide alpha. Its retail fuel segment plays a volume game, ie the more retail stations imply a higher volume. As such, we expect its retail volume to grow by c.4% each year, driven by the opening of new stations. Our base case scenario assumes Petron would open 15 new stations every year. Its commercial fuel segment earnings are driven by spreads for naphtha, kerosene and LSWR. We expect spreads for naphtha and kerosene to range between USD2-7/bbl for the long term. As such, we believe the commercial fuel would provide the company with a higher earnings growth potential, compared to that of its peers.

Healthy balance sheet. As of 1H17, it is a net cash company; we expect Petron to end FY17F in a net cash position. Total borrowings are at MYR66.4m, while its cash position is at MYR156m. This is comparable to the situation at the end-FY16, when it was in a net debt position of MYR136m. Net cash from operations and free cash flow has been on an increasing trend, attributed to better cost management as well as the asset performance mechanism (APM), which transmits changes in oil prices to retail fuel prices.

BUY. We initiate coverage on Petron with a BUY recommendation, supported by a TP of MYR16.20. We arrive at our TP by pegging a 12.5x P/E to FY18F EPS of MYR1.30. As a comparison, Petronas Dagangan is trading at 24.6x P/E for FY18, at a 70% premium to Petron. We like Petron as we believe its retail fuel segment would provide a stable base of earnings due to the APM mechanism, while its commercial fuel segment would provide an earnings boost, an advantage the company holds over its peers due to its refinery.

2morrow CD above 37............lol

Those not buying shares will also be affected if war breaks out, no one could escape.........Aseng is abosultely right.

Cup and handle formation looks so beautifully plotted

volume so thin, why ?

Next week easily reach 9.50 and above. Very confident ! Lol

Very convincing. Thank you so much

秦梦瑶美姐、Petronm 哪只值9.10。 再多仔细的观察和分析、它可是12以上的宝宝吔。

自己多做点工課就会了解原因。

Bought some at 8.48, cheers !