Always looking for the best yields
Followers
0
Following
0
Blog Posts
0
Threads
1,413
Blogs
Threads
Portfolio
Follower
Following
2018-02-21 10:04 | Report Abuse
Orange88 What if qr4 results disappointed
- That's possible if the accountant cooks up the books to show a low profits
2018-02-20 15:58 | Report Abuse
it's sagging but i'm sticking to my guns!
2018-02-19 22:52 | Report Abuse
I attended the AGM and came out feeling good about the co. According to the chairman, the Europe ban on palm oil in 2021 is only for the diesel content. They would require all members to vote (uncertain as to whether a unanimous or majority consent required).
Any way there's a lot of vested interest at individual country level including Malaysia buying their goods and countries involved in the production of palm diesel. The following report explains the dynamics and reveal some relevant data. Read em..
https://www.transportenvironment.org/sites/te/files/publications/2016_11_Briefing_Palm_oil_use_continues_to_grow.pdf
2018-02-19 22:43 | Report Abuse
So what's the forecast for tomorrow - up, down or flat?
2018-02-19 12:11 | Report Abuse
I tried buying car insurance from Tune to show support but their customer service cannot be reached despite numerous attempts. Maybe they've got too much business.
2018-02-19 11:30 | Report Abuse
Let the party begin!
2018-02-18 15:59 | Report Abuse
Orange88 Sheldon you mean eps will be down? To how much?
sure the weekly eps will be down but in the long run (like yearly) the ups and downs will average out
2018-02-17 10:32 | Report Abuse
I'm sure the profit margin is still sufficient although thinner because remember that the authorities have to ensure that PetDag, Shell, BHP & Caltex have to also make $.
2018-02-12 16:36 | Report Abuse
Market is up double digit but my portfolio is running backwards
2018-02-12 13:04 | Report Abuse
I'd guess a dividend of 30 sen. Any other guesses?
2018-02-12 13:03 | Report Abuse
results would probably be out by 22 / 23 Feb
2018-02-12 11:52 | Report Abuse
I'd like to pick up more shares but I'm running out of bullets
2018-02-12 11:44 | Report Abuse
Don't be disappointed if the next quarterly results is not up to expectations. Sometimes management for sinister reasons may purposely talk down the earnings and prospects.
I've experienced that in Dutchlady - after selling my stake due to the "gloomy" outlook, the share price just skyrocketed!!
2018-02-09 09:09 | Report Abuse
Analysing the implication of oil prices down.
Negative - the stock of crude that Petron had purchased from upstream companies have to be revalued downwards.
Positive - The price of petrol has gone up. The price of gas sold to homes & businesses, no change. This implies that the crack spread has widen.
Overall the positive > negative - am I right?
Comments please
2018-02-08 16:00 | Report Abuse
abn10 - IB = Investment Banks CWS = Structured Call Warrants.
富二代 - could be right that they are purposely depressing the mother share by shorting (since they can do it with the shares pledged in margin finance) hence driving down the price of CW but that would be scandalous.
Rightfully these IBs do not bet against the holders of CW since they delta-hedge their positions and merely take a short position on volatility so that both parties can win.
2018-02-08 11:37 | Report Abuse
If it's IBs, then it's likely that those who play on margin borrowing & contra traders could not meet their financial commitments. Such selling often leads to the price dipping below the fundamental value.
2018-02-08 10:43 | Report Abuse
Who's selling? Is it the margin traders?
2018-02-07 17:13 | Report Abuse
A lackluster performance but hang in there folks. To quote Herbert Hoover - "prosperity is around the corner". Unfortunately when he said it, it never happened.
Just a little history lesson to divert away from the misery.
2018-02-06 11:14 | Report Abuse
US markets had of late seen meteoric rise & intuitively I'd say overshot so they have a lot of downside risk. Of course the interest rate hike would have some bearing but our stocks thanks to our "skilled & honest" politicians have been languishing so go figure.
2018-02-06 11:08 | Report Abuse
Aiya do share buyback la - tunggu apa lagi?
2018-02-06 09:30 | Report Abuse
The market may show a relatively low price which is dictated by demand & supply. However the earnings would probably justify a higher price.
2018-02-06 07:52 | Report Abuse
Massive bloodbath in markets all over. Dow Jones down 5.45% (1387 pts). Oil also took a beating. Expect big discounts.
2018-02-05 09:56 | Report Abuse
Corston Smith Asset Management's Datuk Shireen - has been appointed non-independent director. Oddly though I don't see the fund's name in the top 30 largest shareholders
2018-02-04 23:02 | Report Abuse
Despite management's valiant efforts, the performance is weak. Bonus issue is no big deal.
2018-02-04 22:59 | Report Abuse
I think the underlying motive is partly money. One research said that they should ban butter because the cows that produce the milk which is churned into butter, collectively has a fart that causes massive increases in greenhouse gases.
Would they take such a drastic step to stop consumption and put a lot of farmers into the poor house? No way!!!
2018-01-29 06:05 | Report Abuse
Another drop & I'll be there to catch a few!
2018-01-28 22:53 | Report Abuse
wantocin qr 3rd of feb week,u can see petronm > rm 16,
believe or not depend on yours target. ....
Ok - I'll put a down payment for that Bently Sport haha
2018-01-23 18:04 | Report Abuse
Guys, guys, guys!! we're on the same side. We all want to make good gains & this platform should be used to discuss relevant concepts and ideas without fear or favour.
I subscribe to the notion that RM14b is indeed something that's not favourable in the short term. I'm however trying to locate the authenticity of this 14b thingy.
Can anyone reveal to us the source of this please - TQ.
2018-01-21 23:20 | Report Abuse
I've been searching high & low for this so-called 14b investment including the Chairman's statement of the 2016 annual report but can't seem to find it.
Can somebody tell me where this had been reported? TQ
2018-01-19 23:37 | Report Abuse
Unbelievable!!!! x 3. Have a great weekend & one round of drinks in honor of Petron!
2018-01-19 06:37 | Report Abuse
Wishing all the best for today's trading!
2018-01-18 16:24 | Report Abuse
There's a saying that "markets can stay wrong longer than you can remain liquid" so hang in
2018-01-18 09:54 | Report Abuse
PetDag is up whilst Petron is down is odd.
I surmise that Petron's highly erratic price movements is linked to the pile of structured warrants issued by the investment banks. It raises the age-old question - does the cash market lead the warrants or vice versa.
With so much more "bang-for-the-money" in structured warrants, I can imagine big players swinging the mother shares to profit from the warrants.
2018-01-18 09:40 | Report Abuse
14b expansion is indeed a risk of which 2 types come into mind - i.e. operational risk in the possibility that the project may be mired with problems and constrained liquidity and free cash flow.
2018-01-17 16:05 | Report Abuse
As pjseow says - now's the time to get on the bus haha!
2018-01-16 11:40 | Report Abuse
I've never come across a more volatile stock. I feel the full range of despair and exhilaration in just a few hours of trading!
2018-01-16 10:03 | Report Abuse
Nibbled some. At 12.20 ++ prices, even without taking into account 4th quarter earnings, the PE is about 10.8.
2018-01-15 16:12 | Report Abuse
Come on baby, come on down. Daddy's waiting to catch you!
2018-01-15 12:21 | Report Abuse
PetronM is not for the faint-heart. Past price movements have indicated that it's extremely volatile. So it's rough seas for now. If you make it through then there's a possible pot of gold waiting for you.
2018-01-12 09:17 | Report Abuse
Duit mahu but how to earn money - tak tahu
2018-01-12 09:14 | Report Abuse
Undi_PAS Gambling not good. We will close Toto outlets. -
Despite that our government has accepted billions of "haram" MYR in the form of gaming levy over the years to fund expenses. In 2014 for e.g. BToto paid in excess of RM800m (it's like a mini Petronas).
The recipients of all religious backgrounds gladly with open arms. You close Toto, then tell us how you are going to earn this money. I'm interested to know your economic ideas.
2018-01-08 17:22 | Report Abuse
Please come down a lot more as I'll be waiting to catch you!
2018-01-08 10:14 | Report Abuse
GICSpore Volumes these days showing sellers are holding real tight to Petronm. Any surprises will turn it into a powerful wild horse - agreed.
The aggregate of latest 3 quarters 2017 earnings completely eclipsed the full 2016 earnings.
2018-01-05 18:24 | Report Abuse
Do note that share price is merely a function of supply and demand.
The real test of its worth is in its earnings.
2018-01-04 10:40 | Report Abuse
金正恩 Petron's PE is 16, so high ?? .... That's because it's based on 2016 EPS and not the latest quarterlies
2018-01-04 09:29 | Report Abuse
ironically, Pet Dag is surging ahead despite PE of 26 whilst Petron's PE is 16
2018-01-03 21:40 | Report Abuse
I'm apprehensive of Hengyuan given that it's a China-based co & the chinese have a track record of dubious accounting practices
Stock: [PETRONM]: PETRON MALAYSIA REFINING & MARKETING BERHAD
2018-02-21 10:28 | Report Abuse
prices at near 12 seem to be well supported