Posted by skyea > 2017-05-24 19:31 | Report Abuse

typo?

Posted by 逍遥子 > 2017-05-24 19:38 | Report Abuse

It is the average refine product selling price, not the Brent crude oil price

Posted by lordng94 > 2017-05-24 19:45 | Report Abuse

Not typo, it is Average Final Product Price, not crude oil. So as we can see here, crack spread is more than what we calculated.

Posted by lordng94 > 2017-05-24 19:50 | Report Abuse

Heng yuan has more than billion ringgit of borrowing and running at high gear ratio. Unlikely to pay devidend in near term.

Posted by suregain > 2017-05-24 20:17 | Report Abuse

Many ppl miss d boat in hengyuan. Haha.. never mind, petron play catching up tomorow

Posted by lordng94 > 2017-05-24 20:37 | Report Abuse

Suregain, why havnt sell Petron and HengYuan arr? Not oil price will drops meh?

Posted by suregain > 2017-05-24 20:55 | Report Abuse

Oil px up la.. u tidor lagi ke

Posted by lordng94 > 2017-05-24 21:53 | Report Abuse

Alamak, sure gain, told you right, so ganzheong want to buy sell buy sell ,sibuk saje. So still want to dispose before next quarter?

Posted by paperplane2016 > 2017-05-24 23:19 | Report Abuse

Omg. Saw heng yuan result. 0.90 EPs , crazily high.
It means, we can see similar here for petronm. All time high and super duper good results.
Petronm has more room to grow and also improve further in capacity. I buy more petronm tomorrow. Excited until can't sleep tonight

Posted by suregain > 2017-05-24 23:24 | Report Abuse

Tomorow,hengyuan n petronm too gainers.

Posted by cheoky > 2017-05-24 23:26 | Report Abuse

It is married

Posted by Kadir Almushayah > 2017-05-25 07:06 | Report Abuse

Oil price may start to uptrend soon

Posted by Kadir Almushayah > 2017-05-25 08:45 | Report Abuse

eat roti canai first bfr fly high

Posted by paperplane2016 > 2017-05-25 08:46 | Report Abuse

so eat roti canai now

Posted by davidtslim > 2017-05-25 09:19 | Report Abuse

Petronm got expansion plan that going to implemented and also has growing biz, decent dividend, we can see the future.

Posted by paperplane2016 > 2017-05-25 09:20 | Report Abuse

great

Posted by Kadir Almushayah > 2017-05-25 09:23 | Report Abuse

take off time

Posted by Jay > 2017-05-25 09:33 | Report Abuse

hengyuan being pure refining profit volatility is always the highest, be it swing high or low. in terms of profit swing, hengyuan > petron > petdag. it just happens that now is a good time for refiners

Posted by Jay > 2017-05-25 09:43 | Report Abuse

for me, petron is still a better choice since it has best of both worlds, refining and retail. plus their plant is ready unlike hengyuan, who will need to shut down the plant and upgrade to comply with regulations. that kind of capex is just maintenance capex not really adding to growth whereas if petron spend for new plant that will be for a new growth cycle

Posted by shidayea > 2017-05-25 10:08 | Report Abuse

Ye en kadir..he3

Posted by suregain > 2017-05-25 10:14 | Report Abuse

bought 8.72

Posted by 逍遥子 > 2017-05-25 10:15 | Report Abuse

As for Petronm, the concern now is on the funding for the upgrade, USD 1.5 billions is a lot of money, some investors is wary of right issue.

Anyway let see what is the big plan

Posted by zexon > 2017-05-25 10:33 | Report Abuse

逍遥子, funding unlikely to go through right issue. It will be through internal generated fund+ borrowings + strategic investor.

Posted by pitbull > 2017-05-25 10:35 | Report Abuse

Heng yuan ..
Hit 6.3...very crazy.
Up very fast.

Petronm not yet start enjin

Posted by suregain > 2017-05-25 11:15 | Report Abuse

sold 8.80. thx

Posted by Kadir Almushayah > 2017-05-25 12:43 | Report Abuse

wait fr the upgrade n funding announcemnt..coz involves high costs

Posted by probability > 2017-05-25 13:40 | Report Abuse

should have exploded but somehow inhibited by the resistance seen in HRC

good chance to collect more

Posted by win_win > 2017-05-25 14:12 | Report Abuse

go crazy in the afternoon later...

Posted by zoizai > 2017-05-25 17:17 | Report Abuse

wowow EPS 40.2.

Posted by charles_cty > 2017-05-25 17:18 | Report Abuse

qr out.....good result.....revenue 2,556,604,000 net profit 108,537,000 eps 40.20

Posted by AllWin > 2017-05-25 17:19 | Report Abuse

Congrats all shareholders. Another EPS over 40 quarter.

Posted by J Trader > 2017-05-25 17:19 | Report Abuse

Congrat, just secure some petron Cb at MYR 0.67 today

Posted by Kadir Almushayah > 2017-05-25 17:22 | Report Abuse

good good

Posted by AllWin > 2017-05-25 17:22 | Report Abuse

J Trader, congrats but pls play smart in petronm son. Expiring soon. Long term mother has huge potential.

Posted by shidayea > 2017-05-25 17:23 | Report Abuse

Ok

Posted by 逍遥子 > 2017-05-25 17:26 | Report Abuse

Just as expected $0.40, good cash flow as well. Total cash on hand 204 mils, cash from operations $130 mils & debts reduced by $56.5 mils ! Solid figures

Posted by superstrong > 2017-05-25 17:28 | Report Abuse

around there

Posted by cheoky > 2017-05-25 17:30 | Report Abuse

fantastic

Posted by Star8888 > 2017-05-25 17:32 | Report Abuse

Good result, congrats

Posted by zoizai > 2017-05-25 17:35 | Report Abuse

next target RM12

Posted by mincai > 2017-05-25 17:37 |

Post removed.Why?

Posted by Altec15 > 2017-05-25 17:37 | Report Abuse

Very very strong free cash flow! If oil can sustain at current level (very likely), refinery margin will be sustainable and hence its bottom line :)

Posted by Lee Yih Yeong > 2017-05-25 17:39 | Report Abuse

rich dad become poor dad

Posted by davidtslim > 2017-05-25 17:43 | Report Abuse

Petronm cb still traded at negative premium, which is very are in call warrant.

Posted by Alex Lim Jun Xiong > 2017-05-25 18:01 | Report Abuse

Yeah davidtslim, negative premium meaning it's more worth to hold until Petron-CB expired.
Because you get higher pay back from Rhb than selling it to the market.
For example, Petron mother now RM8.69, Rhb will pay you back 69.83 cents instead of selling to the market at 68.5 cents~

Posted by mincai > 2017-05-25 18:07 |

Post removed.Why?

Posted by Alex Lim Jun Xiong > 2017-05-25 18:09 | Report Abuse

Why this quarter cost of good sales increases by 50% while last quarter just increased by 14%?

Posted by Aizai > 2017-05-25 18:14 | Report Abuse

Congratulations all.

Posted by 逍遥子 > 2017-05-25 18:17 | Report Abuse

@ Alex, I personally think is due to brent oil hedging.

Free Cash Flow = $91 mils, very solid

Posted by probability > 2017-05-25 18:30 | Report Abuse

sumato88, 逍遥子, jay, pplane, thanks...

luks like occam's razor is true after all! he he..