It is an old plant - shutdown will cost money to pay for maintainence to upkeep the plant. So it will incur cost and reduce profit margin. Margin as it is already under pressure with high crude price. If these people are business savvy to pay and settle their loan with internal profit all this while than they should be able to continue to be able to generate profit but not much for this year
Petronm retailers have many potential to grow especially in east Malaysia Sarawak. As shell is pulling out and their retailers crumbling, Petronm should position itself next. Not many sarawakian willing to pump petronas oil if given a choice
a very important part is refinery cost. Refining is all about heat, pressure, steam…all that i
s very energy intensive, it means a refinery consume lot of energy to operate.
Grnerally the higher the oil price the more the refinery spend in energy to operate, although some cheaper ways may be used to get way with escal!ting energy cost
I attended the recent AGM & they showed a graph indicating that the crack spread increases with increase in crude prices. Hence a rise in oil price should be positive for petron.
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Pakcik Saham
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Posted by Pakcik Saham > 2018-06-26 18:55 | Report Abuse
There will be a scheduled plant shut down for 40 days in Sept 2018.Plant Shut down revenue down. https://klse.i3investor.com/blogs/TRV/162662.jsp