Posted by 晓雨霖 > 2016-01-15 16:47 | Report Abuse

petronm looks strong,today many red red

Posted by ben_ns > 2016-01-15 16:48 | Report Abuse

whats happening

Posted by traderman > 2016-01-15 16:59 | Report Abuse

sell down to 6.43 ... monday should reach 6.

Posted by kahhoeng > 2016-01-15 18:38 | Report Abuse

Alas, China dropped causing the last minute sell down lah...

Posted by Lukesharewalker > 2016-01-15 19:00 | Report Abuse

Be cool. Still in trend

Posted by Kelvin Chan > 2016-01-15 21:49 | Report Abuse

http://www.thestar.com.my/business/business-news/2016/01/15/buffett-expands-oil-bet-buys-more-phillips-66/

Posted by Lukesharewalker > 2016-01-15 22:24 | Report Abuse

The lower the oil price the higher the profit margin

Posted by Kelvin Chan > 2016-01-15 22:41 | Report Abuse

Petron Malaysia Refining and Marketing Bhd ( Valuation: 0.30, Fundamental: 1.20) expects to chalk "positive numbers" for the financial year ended Dec 31, 2015 (FY2015).

The group operations manager Jimmy Lu said in a launching ceremony of the RON100 fuel that based on the latest numbers, the group is moving into the positive territory, and it is expecting some good numbers ahead, while hoping for future sales to grow by 5% annually.

For the nine months ended Sept 30, 2015 (9MFY2015), Petron recorded a net profit of RM204.36 million, as compared to net loss of RM16.89 million, on better operating efficiency, stable margin and growth in sales volume.

"We have yet to report our fourth quarter numbers, and you will be able to better gauge our performance, once it is filed with the stock exchange later," Lu added.

Posted by Kelvin Chan > 2016-01-15 22:51 | Report Abuse

Let's celebrate next QR

Posted by cstrader > 2016-01-15 23:31 | Report Abuse

Weaker and weaker now. Poor support. Major correction next week likely. Fall below 6.00. Then fundamentally valued.

Posted by DreamCommander > 2016-01-15 23:35 | Report Abuse

What a weak outlook ... Ata butut kah itu ...

Posted by nekosan > 2016-01-16 10:15 | Report Abuse

monday to open 6.3

Posted by Kelvin Chan > 2016-01-16 11:18 | Report Abuse

Buffett’s oil bet
FOR those reading business news headlines nowadays, there’s not a day gone by without reports on global oil prices.
Recent headlines point to the “12-year lows” that prices have sunk to, the parity levels between the US crude benchmark, West Texas Intermediate (WTI) and the global benchmark, Brent, as well as the rise in inventories.
The losers from weak oil prices are the oil and gas explorers and the companies that service the oil and gas infrastructure such as rigs. The winners are not only consumers but also oil refiners, whose margins are better.

So it comes as no surprise when value-investing guru Warren Buffett, who controls Berkshire Hathaway, acquired more shares in Houston, Texas-based oil refiner Phillips 66. Berkshire, which own businesses from banking and finance to railroads, bought a further 5.1 million shares in Phillips 66 earlier in the month, taking its stake to 12.3%.
Berkshire has been raising its stake in Phillips 66 since early last year, according to reports, after trading a substantial portion of its stake in the company to buy a business involved in making additives that help crude oil flow through pipelines. It crossed the 10% threshold last August.
What’s intriguing about the acquisition is that while oil refiners are making better margins with the weak oil prices, there is very little downside left to the prices, so the upside to margins is also limited. Since June 2014, WTI has fallen by nearly 45% and while prices could hit US$25 a barrel in the coming weeks, it won’t weaken further even as supply looks to outstrip demand for some time to come.
Interestingly, Berkshire sold off the last of its stake in Exxon Mobil in the last quarter of 2014 as oil prices fell. Analysts believe that Berkshire still sees value in oil investments and that smaller refiners may be better prepared to benefit from a recovery in crude oil prices compared to the oil majors.
Therefore, it’s a very typical move by Buffett, taking the long view. Investors who wonder about the stake acquisition will have to likewise look at it from a long-term perspective and prepare for more volatility in crude prices if they want to follow in his footsteps.

Posted by Alex Chan > 2016-01-16 13:39 | Report Abuse

a keeper until the QR is out...a jewel amongst the carnage to come

Posted by berealistic > 2016-01-16 15:07 | Report Abuse

drop more buy more ..... all in ...not every time u are able to meet with such a good prospect company ...PETRONM... Full of confidence now after the group operation manager Jimmy Lu said the group is moving into the positive territory, and is expecting some good numbers ahead

Posted by Lukesharewalker > 2016-01-16 15:09 | Report Abuse

Anyway Dow hit double bottom, should rebound. Also oversold territory

Posted by projecti2016 > 2016-01-16 19:28 | Report Abuse

When is next QR

Posted by kinfatt999 > 2016-01-17 00:11 | Report Abuse

hopefully oil price low , petronm keep high earning

Posted by kinfatt999 > 2016-01-18 09:15 | Report Abuse

wtf panic selling

Posted by Lukesharewalker > 2016-01-18 09:31 | Report Abuse

Opportunity knocking..
Fear is in the air

Posted by Alex Chan > 2016-01-18 09:44 | Report Abuse

Yes. Fortune favors the brave

Posted by kinfatt999 > 2016-01-18 09:52 | Report Abuse

all the world drop

Posted by kinfatt999 > 2016-01-18 11:08 | Report Abuse

popi popi crude oil price up up up to boost stock price up

Posted by traderman > 2016-01-18 11:34 | Report Abuse

Buy more at red. Sell all at greeb

Posted by Alex Chan > 2016-01-18 11:36 | Report Abuse

Think PDTs playing....

Posted by Mohd Fahmi Bin Jaes > 2016-01-18 12:31 | Report Abuse

down

Posted by Lukesharewalker > 2016-01-18 12:44 | Report Abuse

It is good to weed out the weak holders...but don't be one hahaha

Posted by kinfatt999 > 2016-01-18 13:15 | Report Abuse

no eyes see d, everyday see all red drop red drop, wtf

Posted by The One > 2016-01-18 13:42 | Report Abuse

Its normal for it to consolidate after its price doubled in just 2 months. Market makers and traders are also wanna take profit, right? Gudluck everyone.

Posted by Lukesharewalker > 2016-01-18 15:03 | Report Abuse

Its hammer time

Posted by bangkukayu > 2016-01-18 15:06 | Report Abuse

i'm newbie. What is hammer time ?

Posted by bangkukayu > 2016-01-18 15:14 | Report Abuse

I bought at 6.25 dunno if safe or not

Posted by bangkukayu > 2016-01-18 15:58 | Report Abuse

Will close in green today ?

Posted by bangkukayu > 2016-01-18 16:04 | Report Abuse

wow...is technical...thks..understand 50% only

Posted by bangkukayu > 2016-01-18 16:09 | Report Abuse

ckwan11d, thanks for your explanation

Posted by kinfatt999 > 2016-01-18 16:22 | Report Abuse

iran is coming join the party

Posted by bangkukayu > 2016-01-18 16:22 | Report Abuse

aiyo....I anxious now..

Posted by cmLai > 2016-01-18 16:25 | Report Abuse

Iran is ready to increase its crude exports by 500,000 barrels a day, the deputy oil minister said on Sunday, hours after international sanctions on Tehran were lifted, removing an obstacle to exports.

Posted by kinfatt999 > 2016-01-18 16:33 | Report Abuse

lets die together,

Posted by evertcl > 2016-01-18 16:55 | Report Abuse

jangan panik, bila Q4 dikemukakan nanti, pasti membawa berita baik.

Posted by mrhuat8888 > 2016-01-18 17:46 | Report Abuse

today bought some more...those who don't want please sell to me cheap cheap...hahaha

Posted by kinfatt999 > 2016-01-18 21:22 | Report Abuse

6.23 is not cheap,

Posted by cstrader > 2016-01-18 21:58 | Report Abuse

Ya it's not cheap. For those who bought at 7.30 and keep promoting saying 'some people' jealous - perhaps he sold out already.

Posted by cstrader > 2016-01-18 21:59 | Report Abuse

I have a friend working petron laughed at me when I said forum claim up up 8.00 10.00 :-)

Posted by kinfatt999 > 2016-01-18 22:11 | Report Abuse

but now based on P/Eratio is still undervalue level

Posted by bangkukayu > 2016-01-19 09:27 | Report Abuse

How PetronM doing so far ?

Posted by 1009 > 2016-01-19 10:01 | Report Abuse

Ok.. Buy

Posted by LowProfile > 2016-01-19 10:04 | Report Abuse

just be patient young men... it is just the matter of time only for it to fly...

Posted by Lukesharewalker > 2016-01-19 10:13 | Report Abuse

Reversal.
Institution buying in now

Posted by Lukesharewalker > 2016-01-19 10:51 | Report Abuse

Should go up towards QR release