if you think you have bought a good company, don't get worried just because the price goes down, similarly don't get overexcited when price goes up. with good companies, time is your best friend as it will reveal more and more good stuffs over time

this morning just left a comment then price started to fly. good day for all patient petron shareholders

CB after averaging down so many days still show an annoying red, finally turn deep green today

finally...

big funds are all buying, manulife even bought until become substantial shareholder. first affin hwang now UOB is advising investors to position for the light sensor production ramp up. the MD also came out saying that production could double their last time peak. if last time peak Gtronic price around RM6, production double then TP?

personally I see more upside on oil price now rather than downside

1. crude oil inventory data could start to surprise positively, maybe as early as tomorrow's API data as US refineries ramp up production to prepare for coming summer

2. demand is increasing again. China Caixin PMI is above 50 again since late last year, meaning China's manufacturing recession may be coming to an end

3. opec leaning towards extending the supply cut agreement. current lower oil price environment makes it even more important to extend as the news alone would support the price. besides, the most important country, saudi is planning for saudi aramco ipo and it's crucial to reap as high valuation as possible. they even cut the tax rate just for this ipo so they probably will try to support the oil price as far as possible

good luck shareholders. cpo and kernel price already retracing in anticipation of higher production. if teck guan can't deliver when prices were higher, imagine when prices are lower

coming quarter unlikely to have factored in much of the new contracts earnings yet, so don't put too high hopes on it. key will the future quarters

such a bad result, tomorrow will gap down again

yup, I was wondering since when felicity write this kind of rubbish until the "note"

up and coming

RM10 hurdle will be crossed anytime now, then who knows? sky's the limit

volume cool down but value (RM2.7b) didn't drop as much. high volume low value usually means trading are focused on those penny stocks. yesterday was expected to be down anyway since US market were hit on Tuesday night. since US market up again overnight, Malaysia party to resume?
http://www.thestar.com.my/business/business-news/2017/03/23/bursa-cools-off/

finally they realise that refiners will have to ramp up production as gasoline stockpile fell, which will provide higher demand for crude oil
http://www.marketwatch.com/story/oil-prices-fall-more-than-1-as-traders-fret-about-us-crude-stockpiles-2017-03-22

I'm not so sure about the Alpha buffer. I still see it as a ploy to divert attention and smoothen the price curve by the government. but now with the hassel of getting ministry approval, I don't think petrol stations will break ranks and do frequent promotions. weekly adjustment is also better for them

anyway, I'll stick to my source first unless proven otherwise (it's more conservative anyway). but thanks for pointing that out

actually Bursa disclose it everyday but they don't leave it on their website very long. my friend got this data for me from Bloomberg and at least for the last few days, it checks out alright.

if compared to those analyst figures, theirs is even higher (1.93 Jan, 2.53 Feb).For Mar, last week average was 3.4b/day so my figures are naturally higher since they only reported first 9 days of the month.

the long term average PE of 27 times covers 2005-2016 (boom-bust cycle). before 2008 GFC, US interest rate was >5%, so I don't see much problem with interest rate rise impact on PE.

my gut feel is market will pay higher PE for Bursa when market is hot and vice versa

I don't have a good feel about the industry and don't know much about the company. So i will probably stay away unless I discovered something new.

for those who think the company is not as good as it seems, just present facts and give some insights to it. for those who think otherwise that it is a great company, no need to get all sensitive with any critics. if both sides can keep a civilised discussion going, then everyone will benefit.

btw, the author haven't published his/her next article so no need to judge so quickly

for those who are interested in Bursa
https://klse.i3investor.com/blogs/purelysharing/118810.jsp

good news, minister has clarified that there won't be a price war once ceiling price is introduced and any operator who want to do discounts promotion has to get ministry's approval first. the details of new weekly fuel price mechanism will be announced tomorrow.

that's bursa compliance division talking. the market division is hoping the more speculators the merrier, big fat bonus for them next year

true. but if current trend continues, where processed products price didn't drop much while crude price slump, refining margins are turning out fatter than expected. it seems like traders for each commodity is focusing on its own data and missing out on the big picture. that's good news for refiners, especially for coming months after one off stock gains/losses are flushed out

doesn't concern malaysia in particular but will support worldwide gasoline prices
http://www.nacsonline.com/YourBusiness/FuelsReports/2015/Prices/Pages/Why-Prices-Historically-Go-Up-in-the-Spring.aspx

https://www.eia.gov/petroleum/refinery/outage/

http://www.reuters.com/article/us-oil-refinery-maintenance-idUSKBN15G55W

true. like it or not, people just look at crude oil price nowadays.

however if you look at API and EIA data for past few weeks, most of the time crude inventories build up more than expected while gasoline and distillate inventories was drawn down more than expected.

personally, my gut feel is that oil traders are looking at the wrong data. US refineries have higher maintenance outages this year and that possibly explains why gasoline and distillate inventories are aggressively drawn down while crude inventories build up as less refineries utilise it. As US is about to enter the summer season soon, typically refineries will ramp up again to cater for higher demand and then we might see crude inventories draw down more than expected. Shale oil rigs have built up but I don't think that's the main reasons of the high level crude inventories, at least not now

warrants trading at 80% premium, if I'm the director, I would also sell son to buy mother

the likes of Lay Hong and QL are different nowadays in terms of biz, so PE not really comparable anymore

bursa is getting recognised. yes PE is high but all stock exchanges trade at high PE since it's a cash biz, highly scalable and in most markets a monopoly. the PE will start to fall once the 1Q results is released in late April

bid ask spread widening, nobody wants to sell

this could be a turnaround stock after the change in ownership, but first they have to prove themselves by delivering results. getting contracts is the first step, executing it is more important

wow din notice huge volume today

with about RM800m orderbook and ongoing property projects, financials should improve

no it won't. usually they announced their dividend entitlement in April, ex-date in June. I'm counting on results released in May. if it's good as expected, then I don't think that 22c will matter anymore.

even if factor in coming dividend, the premium is still considered low for CW

compared to C10 which is about to expire soon, C11 would provide a much higher leverage exposure to Bursa with longer epxiry. premium is actually quite reasonable at 2%.

Bursa 1Q results will be fantastic come May since the trading volume and value is so high thus far

WB premium is normalising...

will top up again when it's close to 1.30

this is a warrant issued by investment bank (unlike company warrants). similar to company warrants, it has an exercise price and exercise ratio, from which you compare against the market price of bursa, you can estimate the fair value of this warrant.

but unlike company warrants, expiry date for call warrant are much shorter (rarely > 1yr) and liquidity may be lower (the orders in large round numbers on bid/ask usually are market-makers)

it is a much riskier trade compared to company warrants but often offer more leverage. so as you can see, markets are bullish on Bursa, mother move a bit, C11 return is so much higher, but this also happens when it goes the other way round.

my advice is, don't touch call warrants until you fully understand it and is comfortable with the risk reward

but foreign institutions seem more interested with malaysia now, maybe partly expecting election to boost sentiment also. so party will likely last until at least election, barring any unforeseen circumstances

brokers often adjust their target based on market price. now market bullish, they will probably just shift the red line up again.

everyday up down a bit hard to collect also. let it flush, I'll just wait until the operator has collected enough

it's bull market now, 1Q results gonna be fantastic

oh I see. but I think petron purchase to plug the gap between production and sales. so is the stream 2 to process these? or they could have secured supply of ready fuel to resale without need to further process?

anyone looking at tsr capital? another lim kang hoo related counter. lots of actions recently

so many impatient traders now

construction sector is bullish now. especially now election is near, all the proxy stocks are going up so they make enough for "CSR contribution" when need arises

CB considered cheap sale now compared to CC. RHB better know what they are doing

new contracts + MOU for new development

a bit technical, can I clarify some things?

1. the refinery plant by design should have taken into account all those tank spaces and pumps right?
2. seems like the sales every quarter much exceeded what they produce, isn't the demand already there?
3. what do you mean by HVAP? is that further refining of refined products?
4. what do you mean if HVAP demand volume justifies, they can shutdown the refinery?

all these discussions are really helping us to understand this company more and more. thanks to everyone who contributed