Posted by pang72 > 2018-03-04 12:46 | Report Abuse

Aseng, do You still own Petron? I guess you are not!!

Posted by Halite > 2018-03-04 13:06 | Report Abuse

KYY: When there is good news, investors rush in to buy the stock until it is overpriced. When there is bad news, shareholders rush to dump their holdings as if there is no more tomorrow.

Isn't the 14B expansion plan a good news ?

Why it is a good news not a bad one ?

The management had already brought the company to the net cash position with hundred millions of cash in hand, generating more and more free cash from operation each year, zero borrowing now, paying us better dividend year after year and net income improving year after year. Are these not enough to tell that they are indeed very efficient?
then is it possible , in the very near future, the 14B expansion plan can turn into a "wow" that drives the price to sky high.


if you still insist that those Hengyuan promoters are better persons to judge the future of Petronm, then I beg to be different, I view it as they are using a great company , Petronm, to prove the worth of Hengyuan which is still heavily indebted.

Posted by Halite > 2018-03-04 13:16 | Report Abuse

pang72 is my good friend. both of us were strong supporters of Hengyuan and had made a lot of money last year in Hengyuan.

he is still a strong supporter of hengyuan and i am not

now he asking me whether i still own Petronm

should I tell him "YES" or "NO".

i am not going to tell him the answer, let him guess and keep on guessing.......





pang72: Aseng, do You still own Petron? I guess you are not!!

Posted by Halite > 2018-03-04 13:20 | Report Abuse

ocpd,

good answer.
you are so pandai.......



Posted by ocpd > Mar 4, 2018 12:33 PM | Report Abuse

Simple, no money going into petronm management side pockets if outright buy HY. On the other hands, plenty of hanky panky with rm14 bil construction project!

Posted by Halite > 2018-03-04 13:33 | Report Abuse

now you have seen with your own eyes

what sort of mentality are those supporters of Hengyuan .

to be fair , i must say , pang72 is smart, he had made a lot of money in hengyuan. he will join us tomorrow because he has confirmed I am here. he knows I can bring him "ong"

how about ocpd ?
just praise him "pandai" he will be very happy.

Posted by RedEagle > 2018-03-04 15:18 | Report Abuse

Next week. 11.50..12.50...13.50...

Posted by Halite > 2018-03-04 15:46 | Report Abuse

Blog: PETRON, Still Can Be More Cheaper.

Mar 3, 2018 04:42 PM | Report Abuse

Chart changes everyday but the fundamental of a company will not change overnight. If you think it is a good buy, you must start accumulating when the price is reasonable and buy more when the price drops further.
I believe most of the right thinking investors of petronm will agree with me, the fair value of petronm is worth more than RM15. At the current price of 10.50, the market has offered you a 30% discount. Which business around you can provide you such a margin.
Waiting is good but keep on waiting lower and lower can be the biggest weakness in your successful investment
my successful trading experience in both hengyuan and petronm last year said everything. You must start doing something when the price is cheap Not keep waiting lower and lower. Then you missed, turn into sour grape and start cursing this person that person and work very hard sharing misleading information and fear.

Posted by elainesong > 2018-03-04 18:01 | Report Abuse

A grp of investors with some RM80 mil cash in hand is actively collecting Petronm starting last week and as at todate only absorbed about 80K units and its aim is to collect approx. 2 mil units for an investment horizon of 2-3 years.

Posted by JohnVinson > 2018-03-04 21:51 | Report Abuse

From the Petron 2016 Annual Report the largest shareholder was Petron Oil & Gas International Sdn Bhd and they own 73.4% . The remaining of 26.6% own by smaller shareholder. And the second largest shareholder not even 1%. I think there will be more institutional shareholder in the 2017 annual report. I think Petron Oil & Gas will still remain their holding as 73.4% this leave the share outside the market very little. When more and more people keep the share for long term the share price of the share will remain strong.

Posted by Halite > 2018-03-05 09:03 | Report Abuse

Yes, you are right. Petronm has very little free float shares in the market. This is an advantage and also a disadvantage. If there is a good news, the price will shoot up sky high. I believe the 14B expansion proposal is a good news.

Posted by chickenputih > 2018-03-05 09:16 | Report Abuse

done 1030.
dont want to see liao .. out or bullets .

Posted by chickenputih > 2018-03-05 09:16 | Report Abuse

of*

Posted by chickenputih > 2018-03-05 09:19 | Report Abuse

crying no tears now .. T.T

Posted by shen_en86 > 2018-03-05 09:22 | Report Abuse

Low at 10.00 T_T

Posted by UncleMau > 2018-03-05 09:22 | Report Abuse

To reenter around 10.5

Posted by Awet91 > 2018-03-05 09:58 | Report Abuse

Cry now

Posted by bursaman > 2018-03-05 09:58 | Report Abuse

All weak and short term players completely squeezed !

Posted by chandra54 > 2018-03-05 09:59 | Report Abuse

be prepared for price to sweep to a low of 8 ringgit within 2 weeks

Posted by Orange88 > 2018-03-05 10:06 | Report Abuse

Picked up CM 4.5 sen CK 5 sen collect fire sale

Posted by chickenputih > 2018-03-05 10:29 | Report Abuse

the price back to last year Sept's price .. =(

Posted by Aboveall > 2018-03-05 11:09 | Report Abuse

if you got money now start buying for April rally !!!
Stock: [PETRONM]: PETRON MSIA REFINING& MKTG BHD

Feb 28, 2018 01:46 PM | Report Abuse

Last month I already informed wait for hy to crash only buy mah... do u remember I said hy will tai zi tuah tiau !!! Anyway can buy a little if beliw 10.5... if break 10.5 then buy more @9.90 to 10....if break 9.9 run for your life !!!!!! That mean no future for petrols stock !!! Shift all funds to packaging n fintecch related shares !!!!!!

Posted by mikeyong > 2018-03-05 11:16 | Report Abuse

Even with good fundamentals, i guess its the world market sentiment not taking risk at the moment.. sad to see my shares drop.. =.=

Posted by Jon Choivo > 2018-03-05 11:18 | Report Abuse

Why not buy some then.

Its like malaysia having mega sale, and people selling cheap.


Posted by mikeyong > Mar 5, 2018 11:16 AM | Report Abuse

Even with good fundamentals, i guess its the world market sentiment not taking risk at the moment.. sad to see my shares drop.. =.=

Posted by hollandking > 2018-03-05 11:18 | Report Abuse

last year also megasale leh, but this year mega sale too

Posted by mikeyong > 2018-03-05 11:26 | Report Abuse

not sure how long more this downtrend will continue.. gotta wait a while more.. =.=

Jon Choivo Why not buy some then.

Its like malaysia having mega sale, and people selling cheap.

05/03/2018 11:18

Posted by Notconfused > 2018-03-05 11:36 | Report Abuse

fk it - thought I was lucky to have got cm for 0.07!!!!

Posted by ocpd > 2018-03-05 11:47 | Report Abuse

All follow Halite to holland!

Posted by bursaman > 2018-03-05 11:48 | Report Abuse

Really oversold............just buy bit by bit

Posted by Halite > 2018-03-05 11:54 | Report Abuse

10.06 done

waited the whole morning for 10.00 still not done
can wait anymore ,
just pay 6 cent more

Posted by Halite > 2018-03-05 11:56 | Report Abuse

the first principle of happy trading

ALWAYS HAVE MONEY TO BUY MORE

Posted by Halite > 2018-03-05 11:59 | Report Abuse

The reason is simple
buy more earn more
the logic is simple
when people want to sell a good stock with 25cents dividend to you at a cheap rice , my common sense says buy.

Posted by ocpd > 2018-03-05 12:00 | Report Abuse

Dont worry surr can buy below rm10 before closing today! Halite pls prepare your cash standby.

Posted by bursaman > 2018-03-05 12:01 | Report Abuse

Buy and buy around this level will make you earn good gains with dividends included

Posted by shpg22 > 2018-03-05 12:08 | Report Abuse

If go below 10.00 today, this stock can tapau d

Posted by Halite > 2018-03-05 12:15 | Report Abuse

why I said buy more earn more

let say you intend to buy 10k share at 12 and hope to make a 30% return
people want to sell you cheap
so you buy more and more slowly
at the end you collected 20k shares and the cost is reduced to 11
later if you able to sell all your holding at a 30% return at a lower TP
what is final result
12 x10000shares = RM120,000
120,000 x 30% = 36,000

11x 20000 shares = Rm 220,000
220,000 x 30% = 66,000

so you gain 30,000 more than you have wanted initially

you can always win more if you can survive longer than the market
but the main criteria is you have chosen the right stock to play

what happen if the market proves you wrong later
then, tell yourself , this is the amount you owed the winner in your previous life
now you pay back . no more debt after this and your luck will come.

Posted by Halite > 2018-03-05 12:31 | Report Abuse

ocpd,

do not forget shares trading is rich man game , if you have no money , then you can only wait and hope it will go lower and lower until you can afford to buy

if you have money , then every time the price goes lower is an opportunity for you to gain more

Posted by xiaoqing88 > 2018-03-05 12:34 | Report Abuse

time to collect Petronm if drop below 9.50. I'm queue petron-cm at 0.04.. Good luck.

Posted by Halite > 2018-03-05 12:40 | Report Abuse

10.02 done

I am not greedy,
it is enough for me for today

the first principle of happy trading

ALWAYS HAVE MONEY TO BUY MORE

Posted by ocpd > 2018-03-05 12:49 | Report Abuse

Wow Halite really walk the talk! Respect! Make sure leave some for ur retirement!

Posted by Halite > 2018-03-05 12:53 | Report Abuse

if you can survive longer than the market , it is difficult to lose .

to make more money, you must have a good life style, eat right , sleep well, be happy , be hopeful everyday.

Believe there is God . You will feel his love if you love Him more than your money.

Posted by Halite > 2018-03-05 12:56 | Report Abuse

how to love God ?

love yourself

love your family

be truthful

forgive others.

Posted by Halite > 2018-03-05 12:59 | Report Abuse

aim to win

not aim to win the biggest and the fastest

play the game slowly

play with the amount you can afford to lose

then you are always the winner when the game is over

Posted by Halite > 2018-03-05 13:36 | Report Abuse

control you buy , do not be greedy , do it slowly...

you win small small , you are still a winner

the first principle of value investing is never lose money

the first principle of a successful investment is never scare of paper loss

the most basic principle of winner is to follow your action plan strictly

the basic principle of successful life is to do good and believe in God

Posted by Jon Choivo > 2018-03-05 13:54 | Report Abuse

Then dont buy loh. I don't really care if discount for 5 more years. Just keep buying. Make sure its in cash and i can hold.

If discount for 50 years, i will be the owner of a lot of KLSE listed company. Also ok, not a problem. Don't need people tell me how much i'm worth.





hollandking last year also megasale leh, but this year mega sale too
05/03/2018 11:18

mikeyong not sure how long more this downtrend will continue.. gotta wait a while more.. =.=

Jon Choivo Why not buy some then.

Its like malaysia having mega sale, and people selling cheap.

05/03/2018 11:18

Posted by GT > 2018-03-05 13:59 | Report Abuse

indeed many cash rich, big taukeh holding this counter... some just tiam tiam hold there only...

Posted by Outliar > 2018-03-05 14:13 | Report Abuse

@JonChoivo That's because you're young, what about other people who are in their 50's?

Posted by kkteng70 > 2018-03-05 14:16 | Report Abuse

Do you guys think it will rebound ?

Posted by Mohd Fahmi Bin Jaes > 2018-03-05 14:19 | Report Abuse

so far not yet

Posted by mrtai021 > 2018-03-05 14:23 | Report Abuse

KYY told once if results going down he will start selling. He has lots of HY. Good luck guys.

Posted by bursaman > 2018-03-05 14:39 | Report Abuse

HY PE < 4x