Just put aside the share market and enjoy your long weekend holiday, Petronm had an exceptional year in term of earning, business development as well as share price.
As you can see the that :
1) Brent closed at USD66.63 (30/9/2017 closed at USD56+)
2) USD vs MYR rate closed at 4.062 (30/9/2017 closed at 4.2275)
3) Refinery Margin has been good for entire whole 4th Qtr of 2017, with average of USD 9+/B, which is slightly better than previous Qtr.
4) 4th Qtr always is a higher a busy driving quarter as due to schools holiday + festival season. Higher sales volume is expected.
With all the above reasons, Petronm should have a decent 4th Qtr Earning and a decent dividend is expected as well (Due to Petron Corp has a 25% dividend policy & recently Petron Corp has been busy with their debts restructuring, ithey need funding). Short term price movement, I have no idea but long term fundamentals still very sound. I had been holding this counter for more than 2 yrs and I am glad that I hang on with them for a great journey.
Loaded. Agreed someone should sell off all his HY and Petronm shares and not to ask everyone to exit. There is an agenda here.He is not fit to be in this forum if he already lose confidence. Better go to Bj Corp and leave us alone. Afterall it is our investment . Both of us are investors not speculator.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Kyou
1,225 posts
Posted by Kyou > 2017-12-29 09:25 | Report Abuse
Wow...congrat all ...my 1st tp CJ hit! Next .35