TQ Sslee for your astute analysis.
15.6 sen EPS is decent enough. I've come across a host of other companies with pathetic earnings but lofty share price. This big elephant in the room is being ignored

Why the big drop when the crack spread shows an increase?

A nice little family tree is growing on the board. Chairman/Exec Director's daughter at 37 is promoted from Asst VP to Exec Director! A very very fast track indeed. She must be awesome.

Maybe a takeover is in the cards.

ocbc - what you said about special donation is an eyeopener to me & probably true. Hypocrites!

High EPS, Low PE & High NTA = Sunset industry?

Despite Amanah selling in gobs, price climbing quite steeply. For that to happen, Demand > Supply.

So who's buying?

Some share goreng taking place ah? Amanah Saham is selling like mad. Wonder what's happening

I rely on handsome dividends to claw me out of an unimpressive overall capital losses

Delighted with the share buyback. I hope they then do not simply give it away with bonus issue

Urgh! Other people's misery is our gain - TQ Putin and El Nino

Good performance. This co is doing fairly well due to good honest management and some luck

I briefly heard about Petron intending to takeover all of BHP stations for RM2b.
Is that confirmed?
Is that worth it?
Won't it be better to pay off shareholders dividends?

States that do not allow outlets should not get their share of Federal money since they were responsible for reducing gaming revenue or else it amounts to taking gaming taxes from other states. It's haram. The ever wise omnipresent Man up there knows it and they know that he knows it.

The easy part is asking for handouts. The hard part is earning it.

Good results but price not moving up. Investors with USD can pick up shares for a song given the very low exchange rate but still choose not to.

The only way to spice it up a bit is to surprise us with an increase in dividends. Come on board! It's not going to cause a liquidity crisis at the company. In fact it'll win the hearts of the share holders and teach a "padan muka" lesson to those who stayed on the sidelines.

hng33 - you were spot on!!!!!

How do you think market will react tomorrow? I personally think although great results, it'll be fairly muted given the political uncertainties.

hng33 - that's very clever of you! I'm an accountant myself albeit a half-baked but a skeptical one.

Based on your calculation, I checked against the corresponding figure of 350 Peso for 31 Mar 2022 results & it corresponded with the published results of Mar 2022. Kudos! Now waiting with much anxiety our actual quarterly results.

Despite Kebling98's conviction that profits will > 100m for the quarter, I've my doubts.
If that is so then why is the PE only a shade above 4 & NTA almost double?

Are the markets not efficient? Are there many ill-informed investors who have yet to spot this gem? ---- Unlikely!

7 sen is indeed good. Let's hope that it's sustainable.

Reading the recent comments, there are great expectations. I hope will not be met by great disappointment. Oddly though, it does not reflect in the share price which is trading in one of the lowest PE in the market.

I hope you're right kebling98 but the market seem to suggest otherwise. Maybe the market is not efficient enough

The miserly 4 sen dividend is not enough to excite and maintain an erection

Let's hear Sanusi's WORKABLE ideas to generate revenue not harebrained ones that produces only excuses as to why it failed after costing a bomb

The govt should nurture this goose that lays golden eggs instead of listening to certain religious quarters who claim that it's evil yet willing to turn a blind eye to egregious corruption.

If it's evil, the solution is simple - don't play the game & don't enjoy the revenue generated.

Strange - Despite high NTA, low PE & high Dividend yield, the price is low. Some kind of twilight zone happening here!

Any views as to how we will perform in Q1?
A. Loss
B. < 50m profit
C. 50-100m profit
D. > 100m profit

Come on let's have some fun counting the chickens before they hatch!

Just when I think it cannot get any lower!
100% track record of losing every deal but what the heck, it's part of the game.

Anything in excess is bad. Eating in excess is bad because it leads to diabetes, heart problems, weight problems etc but are we going to ban food?

Excess spending on consumer goods like cars and clothes will lead to bankruptcy and family violence and breakdown but are we going to ban vendors from selling and people from buying?

Also you should understand economics. Having a lot of money in your bank account will not help the economy grow. You've to spend it - get it circulating & that transforms into GDP. I hope you're not planning on a career in our Ministry of Finance because your views are shallow and will indeed destroy this country.

BTW you keep picking on Australia. It's a well-run country without your advice. In fact a lot of Malaysians (Malays, Chinese & others) want to get into Australia. Nobody's fighting to get into Afghanistan & Yemen where gambling's absent - are you?

A lot of Short Selling yet the price did not come down

Good123 - insaflah Afghanistan has even more losses per capita or was it Yemen, yet both these countries have no gambling.

So maybe gambling is good for the economy!

The next time I attend Amway AGM, I'll kiss the feet of the board, management and the ABOs - for carefully navigating this Co to a more than decent profit despite all the threats and headwinds - inflation, supply chain issues and fake products -to mention a few.

Barring unforseen circumstances - If it drops to 15, I'd sell every other asset including the kitchen sink and park all my money here, sit back and wait

i3lurker - I'm somewhat like you. I have a conscience. That's why I don't touch Genting. It could wipe out fortunes in a matter of minutes.

However Sports Toto is a different kettle of fish. It's gives the lower rung of society an excitement of sorts for a small sum. A chance for them to strike it big for as little as a ringgit. What can anyone get for 1 ringgit these days? Nobody's forcing. The Co afterall pays a massive yearly amount (close to 800m) to the Fed Govt in the form of gaming taxes. The name of Sports Toto predecessor "Social Welfare" aptly sums up its role.

So go ahead and invest without guilt. There's a fine line between investment and betting. I've lost a lot (and made a lot) betting on stocks (or is it investing?)

I sold some pref but still have some bullets left.

What's spiking the share price?
Expectations of great performance going forward?

The rise of Amway I believe is consonant with the fall of USD against MYR. The MYR has been bashed down by politicians and I'm of the opinion that they have managed very well to continue paying dividends quarterly - kudos to the management!


I too raised a valid question at the AGM regarding its hedging policies. They were reticent in their response.

I wondered why? But I've since figured it out & fully understand why. They probably can't explain without looking bad. Believe me - it's in the interest of shareholders.

I think a significant spike in earnings will come from the increased yields of debt instruments - fixed deposits, new purchases of bonds etc. As wsb indicated, it's positive for all insurance companies.

I think you meant cum div price

I'm not done yet. Hoping to swoop in if and when there's a bigger than expected drop. Only issue is that investors have to wait a year to reap the gains. The lack of trading liquidity makes this a boring stock to trade.

I've sold my entire stake.
I reasoned that it must be an irrational exuberance for fantastic dividends that has pushed its share price to such heights.

Just received the dividend. Must celebrate!

Is online betting permissible for S.Toto, Magnum & DaMaCai?
I thought the govt does not allow it

Crack spreads have leaped more than doubled - will we see some significant jump in Petron shares? Let's see how this unfolds on the price.

One can manufacture profits with creative accounting and dubious accounting standards. I've invested in some companies that have massive reserves accumulated over years of profitability. Shareholders however suffer with share price stunted and microscopic dividends.
Dividends is proof of real and not just paper profits.
Generous dividends is proof of real and large profits!
Kudos to the management of Allianz!!

Crack spread rising

Magic show taking place in the market now - it's called levitation

In the past, the final dividend hovered around 40-45 sen.

They've rightfully raised dividends in line with inflation and I belief wised up to the idea that this Co has the capacity to pay handsome dividends to compensate for the shortfall in market price due to lack of trading liquidity. Co being cash rich is good for shareholders but better if the shareholders themselves are cash rich. No strain on the cash flow or reserves to BK in appeasing shareholders but massive goodwill is generated. I hope other cash & reserve-rich companies like Petron can draw lessons from BK.

I'm rich! I'm rich!

Dividend announcement imminent - either today or tomorrow.
Hopefully generous. Need to fatten my pocket money.

I like it very much when management buys back shares - less dividends to pay, better ROE and EPS.

My take ... Crack spread certainly has a bearing on the fortunes of Petron, given that it has a refiner.

The spread plunged considerably in early July and was in negative territory albeit only for fleeting moments. However that is a one-size-fits-all generic curve.

Specifically for Petron, it appeared worst to have generated a negative gross profit.