Posted by sharegain > 2017-10-05 11:28 | Report Abuse

How come the crack spread drop suddenly from 12.10 to 9.07. Anybody know how to read it?
https://www.quandl.com/data/CHRIS/CME_1NB1-Singapore-Mogas-92-Unleaded-Platts-Brent-Crack-Spread-Futures-Continuous-Contract-1-1NB1-Front-Month

Posted by goody99 > 2017-10-05 13:01 | Report Abuse

sharegain, if I remember correctly, the crack spread jumped to 12 due to Hurricane Harvey. Now back to normal.

we usually refer to the graph at this web site:
http://www.cmegroup.com/trading/energy/refined-products/singapore-mogas-92-unleaded-platts-brent-crack-spread-swap-futures.html

Posted by swiftwind > 2017-10-05 13:46 | Report Abuse

Think the crack spread drop as the spread is the difference in price between the final product and the crude. As we know crude appreciated over the previous quarter. Therefore current quarter the reference crude price reflected is higher. Hence crack spread drop. But all of this is dependent on the reference price only.

Posted by loaded > 2017-10-05 14:30 | Report Abuse

The best strategy to win in this counter is just buy and keep buying when low.

Thereafter hold tight to it since it is an excellent company with strong cashflow for the past several years, no worry to sleep well.

Posted by invest turtle > 2017-10-05 18:34 | Report Abuse

Close above rm11 today. Good sign

Posted by sharegain > 2017-10-05 21:03 | Report Abuse

thx for the link

Posted by Jaysh Chang > 2017-10-06 02:52 | Report Abuse

Hi guys, I have a question to ask about CD, what will happen if I hold them until expiry?

Posted by goody99 > 2017-10-06 06:19 | Report Abuse

If you want to buy call warrant, your first choice is Petronm-CE, which is offered by Macquarie. Why?

1. lowest exercise ratio (10) - more sensitive to price change in mother share. In theory, each RM0.005 increase in warrant price requires its mother share to move RM0.075
Proof:
https://www.malaysiawarrants.com.my/tools/livematrix/3042CE' target='_blank'>https://www.malaysiawarrants.com.my/tools/livematrix/3042CE
2. tight spreads - usually the difference between Bid Price and Ask Price is RM0.005
3. liquidity - very high liquidity (volume) offered by Macquarie
4. done a better job as a market maker - usually provide Ask and Bid Price and restore the volume so usually can sell back easily (to Macquarie)
5. more transparent - you are able to know how much your warrant worth for changes in mother share from the following links
https://www.malaysiawarrants.com.my/tools/livematrix/3042CE' target='_blank'>https://www.malaysiawarrants.com.my/tools/livematrix/3042CE
https://www.malaysiawarrants.com.my/tools/warrantcalculator/3042CE' target='_blank'>https://www.malaysiawarrants.com.my/tools/warrantcalculator/3042CE

Please study really hard from the following web site (especially Warrant Tools and Warrant Education sections):
https://www.malaysiawarrants.com.my/

Posted by williamtkb > 2017-10-06 06:45 | Report Abuse

Will petronm test RM 12 today?

Posted by invest turtle > 2017-10-06 07:23 | Report Abuse

Today test rm12 go go go

Posted by stockranger > 2017-10-06 09:34 | Report Abuse

Still watching closely to collect more

Posted by Jaysh Chang > 2017-10-06 10:06 | Report Abuse

Goody, thanks but I bought CD at 0.23 one month ago, so what happens if I hold until expiry?

Posted by goody99 > 2017-10-06 11:31 | Report Abuse

Please see the example:

https://www.malaysiawarrants.com.my/edu?p=singlesharecallwarrantexample

We do not keep call warrants until expiry

Posted by stockranger > 2017-10-06 13:35 | Report Abuse

probability Phillips 66 (N:PSX) on Thursday night was shutting its 247,000 bpd Alliance refinery in Louisiana.
06/10/2017 13:19

probability Of course this will benefit PetronM more la...petronM price will shoot to 16.
06/10/2017 13:26

Posted by George Leong > 2017-10-06 13:53 | Report Abuse

Latest update on Petron Malaysia, hope it benefits you, happy reading and sharing information!

https://klse.i3investor.com/blogs/investmentopportunity/134531.jsp

Posted by I LOVE Hengyuan, SEXY BABE RM21 > 2017-10-06 16:36 | Report Abuse

hello! George, you not smarter than RHB. RHB give TP 16+++, please use tht!

Posted by I LOVE Hengyuan, SEXY BABE RM21 > 2017-10-06 16:37 | Report Abuse

=============================================================
PETRONM PRICE EX RATIO EXPIRE TP15
CD 0.345 8.50 12.00 12.640 Feb-18 0.54 57.0%
CE 0.325 10.88 10.00 14.130 Apr-18 0.41 26.8%
CF 0.200 11.00 12.00 13.400 Apr-18 0.33 66.7%
CG 0.180 9.88 20.00 13.480 Jun-18 0.26 42.2%
CH 0.155 10.88 20.00 13.980 Jun-18 0.21 32.9%
CI 0.275 11.10 10.00 13.850 Jun-18 0.39 41.8%

Posted by IVAN2222 > 2017-10-06 17:21 | Report Abuse

MAY I KNOW HOW TO CALCULATE CALL WARRANT UPON EXPIRY?

Posted by IVAN2222 > 2017-10-06 17:21 | Report Abuse

LETS SAY NOW I HAVE 500000 SHARES IN CD,HOW TO TRANSFER TO MOTHER IN FUTURE UPON EXPIRY

Posted by I LOVE Hengyuan, SEXY BABE RM21 > 2017-10-06 17:23 | Report Abuse

CW is price settlement, no transfer, conversion one

Posted by Imposterranger > 2017-10-06 17:56 | Report Abuse

hahaha, only in your dream to tsf into mother share !

Posted by goody99 > 2017-10-07 10:03 | Report Abuse

IVAN2222, structured call warrants and structured put warrants are issued by investment bank like Ambank, CIMB, Kenanga, Maybank, Macquarie and RHB.

For PETRONM-CD, as long as the mother share price is higher than the Exercise Price of RM8.50 at the time of expiry, PETRONM-CD has value and you get cash.

If the mother share price is lower than the Exercise Price of RM8.50 at the time of expiry, PETRONM-CD is worthless.

Posted by Jay > 2017-10-08 18:28 | Report Abuse

These should answer most of your warrant and call warrant questions

https://klse.i3investor.com/blogs/purelysharing/124972.jsp
https://klse.i3investor.com/blogs/purelysharing/125019.jsp

Posted by I LOVE Hengyuan, SEXY BABE RM21 > 2017-10-09 01:30 | Report Abuse

Hi Jay, you de best la. Don't mind I ask what other stock you monitoring?? Every time I follow you I sure earn big money

Posted by free2invest > 2017-10-09 10:04 | Report Abuse

Yahoooooo! Made a quick hundreds from here.....thanks tftey for you recommendation.

Posted by 林俊松 > 2017-10-09 10:14 | Report Abuse

Is it too late to buy now?
I dare not buy warrant at the moment, so I decided to enter mother at RM11.48 now~

Posted by jebat > 2017-10-09 10:27 | Report Abuse

no matter warrant or mother......both making money....

Posted by Halite > 2017-10-09 10:38 | Report Abuse

为问去年春甚处。莺声撩乱一场空。
今岁春来须爱惜。须知花面不长红。待得酒醒君不见. 不随流水即随风。

Posted by Newmaster > 2017-10-09 10:49 | Report Abuse

Aseng gor, so deep............not able to understand. Pls translate, haha

Posted by Halite > 2017-10-09 12:13 | Report Abuse

Simple translation

You had missed to the lowest then you shouldn't miss while it is still growing stronger and stronger. Rich man never wait for Apple to come back 100 to buy . He will not hesitate to act if the value he will get is still very much higher than what he is going to pay now

Posted by George Leong > 2017-10-09 12:51 | Report Abuse

SINGAPORE (Oct 9): One of the biggest stores of oil at sea is showing signs of emptying out.

The volume of supplies held on tankers in the Strait of Malacca in September dropped to the lowest level since August 2016, according to data from cargo-tracking and intelligence company Kpler.

http://www.theedgemarkets.com/article/oil-traders-hoard-less-ships-near-singapore-market-flips

Posted by free2invest > 2017-10-09 13:11 | Report Abuse

Sena, I told you already it will break 11.50.

Posted by I LOVE Hengyuan, SEXY BABE RM21 > 2017-10-09 22:50 | Report Abuse

Up and down very fast

Posted by free2invest > 2017-10-10 11:46 | Report Abuse

Too slow la....can't get in now.

Posted by mamatede > 2017-10-11 09:35 | Report Abuse

please buy more, lucky bought at 8 that time.. laughing all the way to the bank hehe

Posted by George Leong > 2017-10-11 09:50 | Report Abuse

RM12 is on the way~ :)

Posted by Newmaster > 2017-10-11 11:11 | Report Abuse

Easily above 12.50 by end of Oct

Posted by shidayea > 2017-10-12 08:08 | Report Abuse

Oh.. i bought @ rm9.. smileeeee..can topup somemore if price will be rm12 soon..

Posted by Kadir Almushayah > 2017-10-13 09:43 | Report Abuse

@smileeee ye ..

Posted by shidayea > 2017-10-15 20:23 | Report Abuse

Ye la en kadir.. senergy x gerak2.. try counter lain la pulak..

Posted by Kadir Almushayah > 2017-10-15 22:37 | Report Abuse

Good. Bijak

Posted by I LOVE Hengyuan, SEXY BABE RM21 > 2017-10-16 10:20 | Report Abuse

hmm, dropping

Posted by sheldon > 2017-10-16 11:59 | Report Abuse

Judging from the last quarterly, the improved cash flow from operations > 120m, increased revenue reserves > 140m & massive drop in borrowings > 241m ... this co if it maintains performance, the sky's the limit.

Waiting with eager anticipation for the Sep quarter results!

Posted by sheldon > 2017-10-16 12:16 | Report Abuse

Extract of Analyst Report from RHB

Petron Malaysia

Fuel Happy

We initiate coverage on Petron with a BUY recommendation. Our TP of MYR16.20 (60% upside) is based on a 12.5x FY18 P/E. The company owns over 580 service stations nationwide, distributing gasoline, diesel and LPG products. Petron also owns an 88,000bpd refinery in Port Dickson, Malaysia with a Nelson Complexity Index of 3. We believe the refinery would provide the company with a competitive advantage, thereby enabling it to take advantage of refined product spreads.

Third largest retail station operator in Malaysia. Petron Malaysia (Petron), a major fuel retail distributor in Malaysia, has the third largest market share in the country behind Shell and Petronas Dagangan (PETD MK, NR). It owns over 580 service stations nationwide, distributing gasoline, diesel and LPG products.

Besides retail marketing, the company also owns an 88,000bpd refinery located in Port Dickson, Malaysia with a Nelson Complexity Index of 3. The refinery is capable of producing gasoline, diesel, liquefied petroleum gas (LPG), kerosene and low sulphur waxy residue (LWSR). The refinery has an average utilisation rate of c.50% due to the unfavourable economics of LSWR which, in turn is due to its low complexity rate. The company is 73.4%-owned by Petron Corp, the largest oil refining and marketing company in the Philippines.

The refinery could provide alpha. Its retail fuel segment plays a volume game, ie the more retail stations imply a higher volume. As such, we expect its retail volume to grow by c.4% each year, driven by the opening of new stations. Our base case scenario assumes Petron would open 15 new stations every year. Its commercial fuel segment earnings are driven by spreads for naphtha, kerosene and LSWR. We expect spreads for naphtha and kerosene to range between USD2-7/bbl for the long term. As such, we believe the commercial fuel would provide the company with a higher earnings growth potential, compared to that of its peers.

Healthy balance sheet. As of 1H17, it is a net cash company; we expect Petron to end FY17F in a net cash position. Total borrowings are at MYR66.4m, while its cash position is at MYR156m. This is comparable to the situation at the end-FY16, when it was in a net debt position of MYR136m. Net cash from operations and free cash flow has been on an increasing trend, attributed to better cost management as well as the asset performance mechanism (APM), which transmits changes in oil prices to retail fuel prices.

BUY. We initiate coverage on Petron with a BUY recommendation, supported by a TP of MYR16.20. We arrive at our TP by pegging a 12.5x P/E to FY18F EPS of MYR1.30. As a comparison, Petronas Dagangan is trading at 24.6x P/E for FY18, at a 70% premium to Petron. We like Petron as we believe its retail fuel segment would provide a stable base of earnings due to the APM mechanism, while its commercial fuel segment would provide an earnings boost, an advantage the company holds over its peers due to its refinery.

Posted by I LOVE Hengyuan, SEXY BABE RM21 > 2017-10-16 12:57 | Report Abuse

wait it sell down first

Posted by Kyou > 2017-10-16 13:51 | Report Abuse

If sell down ...all CW will drop alot ..@@

Posted by gabs17 > 2017-10-16 15:12 | Report Abuse

volume is very low though...maybe just to flush out short time traders

Posted by Alex Foo > 2017-10-17 16:11 | Report Abuse

hi guys, want to ask, does petronm have a plan to acquire new refinery?

Posted by Good_stock > 2017-10-17 19:03 | Report Abuse

Haha, yalor. Better ask CEO ma

Posted by Activeinvestor > 2017-10-19 10:55 | Report Abuse

Petron Corp's latest audited accounts about to come out d.............watch closely