Posted by pang72 > 2017-05-25 18:31 | Report Abuse

Congrats to all Petron and Hengyuan shareholders

Posted by pang72 > 2017-05-25 18:32 | Report Abuse

Refinery gives a very good set of result. Market will start to turn positive to refinery stocks which is very cheap as compare to few year ago

Posted by zoizai > 2017-05-25 18:33 | Report Abuse

What's the target price now.

Posted by probability > 2017-05-25 18:34 | Report Abuse

immediate target..should at least reach 2 digit

Posted by zexon > 2017-05-25 18:36 | Report Abuse

April and May crack spread remaining healthy, ranging from 5 to 7 . Next quarter result will be equally good. . Short term tp is RM 12.

Posted by zexon > 2017-05-25 18:37 | Report Abuse

Need to see June crack spread closing before hit the TP of RM16.

Posted by paperplane2016 > 2017-05-25 18:47 | Report Abuse

100 mil, EPS 0.40, HUAT HUAT KLO

Posted by paperplane2016 > 2017-05-25 18:47 | Report Abuse

congrats

Posted by paperplane2016 > 2017-05-25 18:47 | Report Abuse

tomolo gap up 10% like SHELL

Posted by Equityengineer > 2017-05-25 19:46 | Report Abuse

Haha..All our prediction is correct... 100 mil above..

Posted by paperplane2016 > 2017-05-25 19:51 | Report Abuse

Yeah. Next time we check Filipino site first. Can front running

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

So happy. Today hengyuan top gainers, tomorow petron pulak top gainers

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

Huat ah

Posted by aseng > 2017-05-25 20:12 | Report Abuse

thanks all the sifu here , especially sifu sumato ,
you have helped many readers here gained BIG ANGPOW

and also my good friend probability and paperplane , you 2 can smell money and I can tell it is genuine or fake.

this round I followed both of you hentam kaw-kaw at petronm and prestar.

Posted by lloydlim > 2017-05-25 20:24 | Report Abuse

Welldone Petronm! Limit up tomorrow?

Posted by Sonic128 > 2017-05-25 21:13 | Report Abuse

:( sold liao..

Posted by paperplane2016 > 2017-05-25 22:01 | Report Abuse

Congrats. I urge everyone earning money do donate more. Let's do more for those who need them.

Posted by Jay > 2017-05-25 22:07 | Report Abuse

my view on the incredible results:

1) RM108m is definitely a positive surprise for me. personally, I still think inventory gains/losses do affect their results and last quarter should be a loss (if I make inventory value adj, the margin trend is in line with the crack spread data). so despite inventory losses, the effect of better crack spread is greater than I expected. my profit target of RM300m seems very achievable now

2) Sales volume 8.3m is a record quarter similar to 4Q16

3) Company's commercial biz seems to be doing well (no much info provided) and manage to sell more high margin products

4) Net debt now only RM45m, down from RM136m in 4Q16. Net cash is just a matter of time

5) Free cashflow very strong at RM90m. again my RM300m free cashflow target seems very achievable. if the company wants to expand, such strong free cashflow would easily sustain it or allow it to get sufficient borrowings

bottom line, if crude oil and refined product price stay relatively stable, i.e. steady crack spread at this level, petron's future is shining bright

Posted by zexon > 2017-05-25 22:08 | Report Abuse

From both Heng yuan and Petdag quarter reports, both have mentioned decreased in sales volume. But PetronM's volume increase, looks like shell and Petronas have losing their market share to Petron.

Posted by paperplane2016 > 2017-05-25 22:09 | Report Abuse

Yes Jay. If they expand their capacity, with more station now, that will be double happiness. Meantime, look at prestar, the shining steel coming to double soon!

Posted by paperplane2016 > 2017-05-25 22:11 | Report Abuse

Zexon, perhaps also bhp? Haha, but petronm do expand well.

Posted by zexon > 2017-05-25 22:16 | Report Abuse

Haha, their loyalty card program rocks!

Posted by bukithot > 2017-05-25 22:20 | Report Abuse

zexon, where did you find the spread data?

Posted by bukithot > 2017-05-25 22:21 | Report Abuse

TP RM12-16. After capacity expansion, TP 24-30.

Posted by Apollo Ang > 2017-05-25 22:21 | Report Abuse

why u didn't say TP RM100 better....hahaha

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

IEA website or Live quote need to subscribe from Bloomberg.

Posted by zexon > 2017-05-25 22:23 | Report Abuse

No worry, stay in i3forum, you will get the updated news and info too.

Posted by bukithot > 2017-05-25 22:27 | Report Abuse

thanks zexon!

Posted by davidtslim > 2017-05-25 22:28 | Report Abuse

From their results, RM400 mil profit for 2017 is very likely. Remember Q1 of 2017 is traditional weak season for Petronm but this Q1'17 they still can deliver an increase revenue and close to peak season profit of Q4'16. If can deliver 400 mil, then whole year EPS can reach 160 sen++

Posted by paperplane2016 > 2017-05-25 22:32 | Report Abuse

Yup. Rm8， double rm16

Posted by Alex Lim Jun Xiong > 2017-05-25 22:50 | Report Abuse

逍遥子, noted.
Thank you. =)

Posted by zexon > 2017-05-25 22:55 | Report Abuse

Petron is under coverage of bursa Mids Research Scheme. Rating at 9/10. Omg, local fund managers are targeting our tickets!Here to tell them, no RM 12, no sell. http://www.bursamarketplace.com/mkt/themarket/stock/PTMR

Posted by paperplane2016 > 2017-05-25 22:56 | Report Abuse

Rm16 ok

Posted by swchin22 > 2017-05-25 23:05 | Report Abuse

Next target to achieve petgas share price.....

Posted by lloydlim > 2017-05-25 23:06 | Report Abuse

TP12 coming soon!

Posted by swchin22 > 2017-05-25 23:08 | Report Abuse

Tomolo will fly...fly....up...up...

Posted by zexon > 2017-05-25 23:20 | Report Abuse

Tomorrow will hit the roof of RM 11.3

Posted by swchin22 > 2017-05-25 23:28 | Report Abuse

To sell it above RM12.....

Posted by paperplane2016 > 2017-05-26 07:02 | Report Abuse

Don't forget one thing! Important!!!!
Top30% holding 80% plus, meaning very little share out there!

Now with super good result, similarly hengyuan, fund manager see value investing in both. They will buy up these two. Among two, I guess petronm will be preferable one as their debts much much lower!

Now! Hold tight as many fund managers que to buy! It will easily double when they buy!

Posted by skyea > 2017-05-26 07:19 | Report Abuse

wait bonus issue lah .

Posted by dalpinia > 2017-05-26 08:34 | Report Abuse

go for PetronM-CC

Posted by dalpinia > 2017-05-26 08:34 | Report Abuse

50% in a day

Posted by Jay > 2017-05-26 09:05 | Report Abuse

a lot of profit-taking...

Posted by Jay > 2017-05-26 09:06 | Report Abuse

cleared all my CB. dividend coming in June and expiring in July

Posted by Jay > 2017-05-26 09:06 | Report Abuse

CC premium is too high for my liking

Posted by thenewbee > 2017-05-26 09:25 | Report Abuse

results good drop somemore loo

Posted by probability > 2017-05-26 09:26 | Report Abuse

i am speechless...just because crude price drop?

Posted by HaoRan > 2017-05-26 09:26 | Report Abuse

hahaha, this market is weird XD

Posted by skyea > 2017-05-26 09:27 | Report Abuse

how many cb u had jay.

Posted by Solo > 2017-05-26 09:30 | Report Abuse

Going forward PetronM will have more profit.

Borrowings reducing, mostly is current liability meaning it will clear within a year and then PetronM will have minimal FInance Cost = Savings of around RM6 mil every quarter.

Should be a good long term investment