Posted by skyea > 2017-05-15 15:48 | Report Abuse

i think if ramon ang dare to expand, things are looking good for petronm. including the latest qtrly figures?

Posted by suregain > 2017-05-15 15:48 | Report Abuse

bought 8.40

Posted by WinWinAirAsia > 2017-05-15 15:52 | Report Abuse

wah i bought 9.81 leh. pa liao

Posted by WinWinAirAsia > 2017-05-15 15:52 | Report Abuse

8.91 sorry

Posted by Million78 > 2017-05-15 15:52 | Report Abuse

where sifu paper? your cb sell already?

Posted by Million78 > 2017-05-15 15:54 | Report Abuse

y doing contra better no danger

Posted by HaoRan > 2017-05-15 16:02 | Report Abuse

steadying the ship haha

Posted by HaoRan > 2017-05-15 16:06 | Report Abuse

the toilet has been flushed

Posted by Alex Lim Jun Xiong > 2017-05-15 16:24 | Report Abuse

Just bought Petron-CC at 26.5 cents, crude oil $52, scare what~

Posted by Million78 > 2017-05-15 16:26 | Report Abuse

bot some cc also^^

Posted by suregain > 2017-05-15 16:26 | Report Abuse

yes rebound rebound

Posted by Million78 > 2017-05-15 16:30 | Report Abuse

cc so nice^^ suregain got bot ma

Posted by suregain > 2017-05-15 16:43 | Report Abuse

i x beli call waraant... i x suka beli call warant

Posted by lordng94 > 2017-05-15 16:49 | Report Abuse

suregain come back again? Dont buy lar, bad quarter report ahead, beware.

Posted by paperplane2016 > 2017-05-15 16:49 | Report Abuse

damn the RxxxxInv, really sorhai

Posted by Sonic128 > 2017-05-15 16:51 | Report Abuse

suffer loss as top up this morning.. :(

Posted by startinvesting2017 > 2017-05-15 16:54 | Report Abuse

It's okay, just keep it <3

Posted by Alex > 2017-05-15 17:20 | Report Abuse

look dangerous, what happened?

Posted by paperplane2016 > 2017-05-15 17:24 | Report Abuse

some ppl wanna wash ppl out

Posted by char1234 > 2017-05-15 17:36 | Report Abuse

behaving like AAX...Its a casino now pending on its P n L

Posted by suregain > 2017-05-15 20:08 | Report Abuse

Tomorow rebound kuat kuat ha

Posted by Junhao > 2017-05-15 22:09 | Report Abuse

http://www.thestar.com.my/business/business-news/2017/05/15/petron-expanding-oil-refineries-in-malaysia-philippines/

KUALA LUMPUR: Philippines's Petron Corp. is expanding its oil refineries in Malaysia and the Philippines to increase efficiency levels and production, a news report said.

“Expansion of oil refinery in Malaysia is a big investment… The refinery will be expanded to produce petrochemicals and aromatics from 80,000 to 150,000 barrels a day,” Petron president and chief operating officer Ramon Ang was quoted saying by the Manila Standard.

Recall that Petron acquired Esso Malaysia’s Port Dickson refinery and fuel retail network in Malaysia in 2011.

“Here [in the Philippines], we will also expand from 180,000 [barrels per day] to 270,000 [barrels per day],” Ang said.

Petron owns an oil refinery in Bataan province with a capacity of 180,000 barrels a day.

The company started full commercial operations of the US$2-billion upgraded refinery in 2016, enabling the company to produce more high-margin fuels and petrochemicals.

Posted by paperplane2016 > 2017-05-15 23:25 | Report Abuse

Anyone wanna calculate? After capacity expand, how much eps

Posted by paperplane2016 > 2017-05-15 23:29 | Report Abuse

Wow. Bigger than shell?

Posted by probability > 2017-05-15 23:30 | Report Abuse

tips: Hengyuan current throughput 110 bpd

Posted by probability > 2017-05-15 23:32 | Report Abuse

the more important thing we must understand is PetronM is achieving the current eps with a throughput of 48 bpd only.

Posted by 逍遥子 > 2017-05-15 23:49 | Report Abuse

Upgrade of capacity is always a good news, however one thing have to be considered carefully that is the funding of project. I personally think that this going to be a big investment. Few options Petronm have on funding :

1) Borrowing - this is likely as Petronm had trim down its borrowing for the last 2 yrs, currently total debts stand around $308 mils ($150 mils is short term credit facility) & with $174 mils cash on hand. Free Cash Flow for FY2016 is $306 mils, hence the company can easily obtain the loan they needed.

2) Right Issue - cannot rule out but unlikely, as Petron Corp currently holding 73.39% of PetronM hence if right issue is carry out, the holding company have to folk out quite a substantial amount.

3) Private Placement - Possible, but very likely the amount raise through P/P will not be sufficient for the upgrade, hence a combination of P/P + borrowing is possible. If the P/P is pick up by institution like EPF or prominent fund then it will be a plus point.

anyway a lot of thing still too early to tell until the full upgrade plan is disclose.

Posted by probability > 2017-05-15 23:54 | Report Abuse

Borrowing is the highest likelihood. With their current ROIC, i see no issues with handling debt and totally justifies such investment.

I think the confidence for investment arises from the fact that crude price will remain low almost permanently.

Posted by 逍遥子 > 2017-05-16 00:06 | Report Abuse

Just think of it, after the upgrade.

PetronM = PetDag (smaller size) + HengYuan (bigger size) + PChem (Mini size)

What is the value ????

Posted by paperplane2016 > 2017-05-16 00:34 | Report Abuse

Very hard to 8magine, but I guess, is super duper huat

Posted by Million78 > 2017-05-16 09:09 | Report Abuse

good^^ morning paper

Posted by HaoRan > 2017-05-16 09:15 | Report Abuse

Good morning everyone :)

Posted by suregain > 2017-05-16 09:19 | Report Abuse

go go go

Posted by suregain > 2017-05-16 09:32 | Report Abuse

luckily i top up 8.40 yesterday

Posted by Million78 > 2017-05-16 09:32 | Report Abuse

go 9^^

Posted by Sonic128 > 2017-05-16 09:38 | Report Abuse

u turn ka ???

Posted by Million78 > 2017-05-16 09:39 | Report Abuse

last chance to enter^^ sure move 9^^

Posted by Million78 > 2017-05-16 09:41 | Report Abuse

everybody let's go 9^^

Posted by lordng94 > 2017-05-16 09:45 | Report Abuse

suregain, dangerous leh, lagi top up? Bad next qr ahead, must looks for future

Posted by HaoRan > 2017-05-16 09:47 | Report Abuse

hahhaha dramatic this petron. Hold and gain <3

Posted by suregain > 2017-05-16 09:55 | Report Abuse

sold 8.72.. thx for the contra gain... stil keep the old stock

Posted by Million78 > 2017-05-16 09:59 | Report Abuse

when will stop pressing the price =.=

Posted by lordng94 > 2017-05-16 09:59 | Report Abuse

suregain, only 0.5 biji arr?

Posted by suregain > 2017-05-16 10:00 | Report Abuse

3000 shares

Posted by lordng94 > 2017-05-16 10:02 | Report Abuse

Oic...only 3000 also make noise here and there? I tot 30000..oklah, dont want to tease you lagi lah ..Congrats!

Posted by suregain > 2017-05-16 10:06 | Report Abuse

3000 shares oso untung rm1k ma.... im not like u big big mouth

Posted by Kadir Almushayah > 2017-05-16 10:10 | Report Abuse

Untung big or small ok lah.

Posted by Million78 > 2017-05-16 10:23 | Report Abuse

haha thks can collect cw now

Posted by fireinvestor > 2017-05-16 11:37 | Report Abuse

Going downtown now .. lololl

Posted by shidayea > 2017-05-16 12:20 | Report Abuse

Going down ok.. boleh pickup somemore..