Posted by Flintstones > 2017-06-16 06:26 | Report Abuse

Thanks jay. Petron financial results has always seemed to me to be quite volatile in the past. They can make 100m in one quarter and lose 70m in another. That has been my experience trading this company 2 or 3 years ago. Is there any reasons for the volatility?

Posted by cheoky > 2017-06-16 07:29 | Report Abuse

Thx for great work n info....

Posted by Jeffbkt > 2017-06-16 08:07 | Report Abuse

Thanks Jay for the sharing. May I know where you obtain the crack spread info?

Posted by paperplane2016 > 2017-06-16 08:37 | Report Abuse

Thanks Jay. Great analysis

Posted by invest_101 > 2017-06-16 08:37 | Report Abuse

Thanks Jay, great stuff. Better than most sell side analysts in my opinion.

Posted by Huat5828 > 2017-06-16 08:59 | Report Abuse

Thanks for valuable analysis!

Posted by 3iii > 2017-06-16 09:43 | Report Abuse

Thanks for sharing. This is better than those who shout like a mad man, to buy and to sell in this forum. :-)

Posted by anbz2 > 2017-06-16 10:50 | Report Abuse

This is better than those selling online investment courses. New Zealand, here I come!

Posted by stockmanmy > 2017-06-16 12:12 | Report Abuse

very detailed report...still cannot stop people buy in > $9 , on low PE now below $8....still die already don't know why.

Posted by Joblessrich > 2017-06-16 12:16 | Report Abuse

Thank you Jay

Posted by cscwelly > 2017-06-16 12:32 | Report Abuse

2015 , volume sold 30.4 m barrels, 4833 m litre, Net profit 221m , net profit per litre : rm0.045 , 2016 volume sold 32m barrels, 5088m litre,net profit 237m, net profit per litre : rm0.0466 .

Posted by VenFx > 2017-06-16 12:42 | Report Abuse

[ What I learnt from Petron AGM - Jay ]

Wow, i really learnt how to sharper my edge from Jay's article.
Thanx to Jay & his nephew to share excellent infos from Petron - Agm.

Posted by stockmanmy > 2017-06-16 12:46 | Report Abuse

excellent info but cannot stop stock from $9 to $8........


when oil comes down HRC will suffer more than Petron.....

HRC have to take higher price crude charge to cost of sales.

Petron suffers from stock losses.....but effect on HRC worse....better still , of course......don't buy HRC or Petron.



plane....

Posted by Jay > 2017-06-16 13:09 | Report Abuse

For the 5c gross profit, I think it's fixed under the APM scheme. So even if your revenue falls (same volume, lower petrol price), the gross profit should stay the same, GP margin might look better in %.

They are not only selling petrol though. They still have refinery, LPG and jetfuel biz, plus inventory gain/loss effect. So it won't be that straightforward. but I suppose petrol volume x 5c would be a staple gross profit for them, a base for them to build on

Posted by Jay > 2017-06-16 13:11 | Report Abuse

for some people, only old man kyy is their golden rule (almost like an obsession). whatever kyy buys, they buy. whatever kyy don't buy, they don't buy. they forgot kyy has a lot of money to lose, they don't

Posted by stockmanmy > 2017-06-16 13:38 | Report Abuse

lets just charge it to social work for time spend here.


by Jay > Jun 16, 2017 01:11 PM | Report Abuse

for some people, only old man kyy is their golden rule (almost like an obsession). whatever kyy buys, they buy. whatever kyy don't buy, they don't buy. they forgot kyy has a lot of money to lose, they don't

Posted by paperplane2016 > 2017-06-16 18:21 | Report Abuse

haha. good comment Jay

Posted by necro > 2017-06-16 20:05 | Report Abuse

no need such brainer analysis...this PETRON is CYCLICAL DOWNSTREAM+TURNAROUND O&G stock...buy when oil price collapse sell when oil price above USD 55/barrel...

Posted by popo92 > 2017-06-17 00:30 | Report Abuse

very informative, thank you!

Posted by aseng > 2017-06-17 09:24 | Report Abuse

Jay,
about the EV calculation, is it to add cash or to subtract cash from MC ?

Posted by George888 > 2017-06-19 16:28 | Report Abuse

Thank you Jay, really appreciate it very much. Could u share where you obtain the crack spread info. Thanks ya~

Posted by stockmanmy > 2017-06-27 11:35 | Report Abuse

such brainy work cannot stop people from buying at $9, now $ 7...and that is the real point.

there are in reality lots of uncertainties in its accounts and wildly fluctuating quarterly earnings.

nothing is more foolish than buying on good results.