Posted by chshzhd > 2019-02-13 17:53 | Report Abuse

ofcourse refining n marketing..

Posted by TakeProfits > 2019-02-13 23:00 | Report Abuse

If you buy petron and think can make lots of quick profits overnight, then this counter is not for you. This is a good stock for long term investment. Rm20 is possible in a superbull market and when there are institutions buying it up. It's a stock worth "investing" in. If you want traders overnight profits then go play those cheh kgai stocks like Jags, dayang, talam etc...haha. Kikiki

Posted by RainT > 2019-02-14 00:13 | Report Abuse

thanks for share idea & opinion !

Posted by imlearning > 2019-02-14 08:11 | Report Abuse

My cost is RM 12...

Posted by Icon8888 > 2019-02-14 08:45 | Report Abuse

Indeed you are learning....

X P

Posted by sheldon > 2019-02-14 09:28 | Report Abuse

20 is possible. As more & more profits are retained, the company becomes increasingly valuable. Think Berkshire Hathaway

Posted by RainT > 2019-02-14 09:39 | Report Abuse

@imlearning

cost RM12 is like paper loss around 50%

still no cut loss???

Posted by 430204813832245 > 2019-02-14 10:25 | Report Abuse

Up up.up

Posted by Kawkaw > 2019-02-14 15:08 | Report Abuse

Paper loss.. Pen loss... Pencil loss... Pant down n loss..
Still loss...

Posted by Choivo Capital > 2019-02-14 15:35 | Report Abuse

Here's an additional hint.

There are two kinds of government price controlled industries in Malaysia.

One, is like chicken, egg, sugar, mutton, beef, pork, small red onions, flour etc

Second is like retail petrol price, power plants (especially solar), water concession, highway concession etc

What is the difference in economic reality between these industries?

I really said too much d. This is more than enough if you're very curious.

========
I can't answer your question properly, as i like this company at this price very much for myself and my investors.

Its not in my interest to potentially increase my purchase cost by explaining to others on a public forum. Its already up 5% this year, and it had just cost me an additional few thousand this year when i buy more.

However, i wrote something on the economics of refinery business.

https://choivocapital.com/2018/11/28/an-estimate-on-the-real-refinery-...
https://choivocapital.com/2018/11/28/lessons-from-hengyuan-petronm-and...

I believe the above two articles, as well as a brief study on husky energy and other petrol retailing or refinery companies around the world, will provide you an answer.

Email me once you've finished your research. We can talk further then.

=====
johnbrooks Choivo, why do you say the refinery margin is not important? Shouldn't it be the most important thing for the company's profit? I mean the refinery margin is what determine the gross profit margin right?

The way u say it, u think that the profit won't be affected even if the refinery margins go down. I'm not saying the retail business is not important but the biggest weight to the company profit should still be the refinery profit.
13/01/2019 15:11
14/01/2019 11:19

=======

RainT so what is the main money maker for PETRONM?

can share ? hehe
13/02/2019 16:36

Posted by imlearning > 2019-02-15 10:43 | Report Abuse

@RainT ,I no cut cost....And also no money to average down

Posted by RainT > 2019-02-15 12:10 | Report Abuse

@imlearning

it must be painful and stressful to see your investment in PETRONM making loss at 50%

you must have very strong wisdom to continue hold
you must be able to trust and believe on PETRONM future given the current 50% paper loss

a bit more time needed & challenging for it to move up 50% for you to breakeven
but preseverance will hold

Posted by chshzhd > 2019-02-15 12:46 | Report Abuse

some very good counters in my portfolio also loss 20-40% since last year...i accumulate petronM last few weeks to add in my portfolio...n now feels good:)

Posted by chshzhd > 2019-02-15 12:50 | Report Abuse

many counters in my portfolio also recover in this two months...my loss in 2018 almost fully recovered now.

Posted by RainT > 2019-02-15 14:46 | Report Abuse

@chshzhd

that is called investing!

Posted by RainT > 2019-02-15 14:51 | Report Abuse

@chshzhd

other than PETRONM, what else counter you invest now?

Posted by chshzhd > 2019-02-15 15:09 | Report Abuse

@RainT petronm hibiscus takaful rhb inno tasco rce sign ccmdbio sapnrg armada awc cck osk hlfg :)

Posted by RainT > 2019-02-15 19:10 | Report Abuse

@chshzhd

thanks for being open minded & share your current holding

total 15 companies ..wow thats quite a lot
for me, want to monitor also will feel tired ....zzz....lol

Posted by Dylan Yong Hua Tai > 2019-02-17 18:05 | Report Abuse

TA showed Petronm in uptrend form, just wait and see.

Posted by Kawkaw > 2019-02-17 19:14 | Report Abuse

Up trending... U right

Posted by mancingbursa > 2019-02-18 07:11 | Report Abuse

https://www.cnbc.com/2019/02/15/reuters-america-asia-distillates-gasoil-cracks-surge-to-highest-in-2-12-months.html

Posted by yesyesyes > 2019-02-18 10:10 | Report Abuse

let's see 7.28 disappear in a click

Posted by yesyesyes > 2019-02-18 16:01 | Report Abuse

oh no .. falling down .. just take it and close eyes man !

Posted by sheldon > 2019-02-18 16:11 | Report Abuse

I'm willing to catch more if it falls.

Posted by RainT > 2019-02-19 15:14 | Report Abuse

@sheldon

why you so very confident with this company?

Posted by sheldon > 2019-02-20 15:05 | Report Abuse

RainT - Good daily traded volume (liquidity premium), low PE, well-known brand, making good profits, decent dividends, foreign-owned, recession-resistant....

Need I go on?

Posted by SimonLee76 > 2019-02-20 15:18 | Report Abuse

Please do .... I think the last point is going to be quite important as I don’t see much catalyst for further growth in the economy nowadays. Debt is at an all time high across household in both the US and China

Posted by digi_three > 2019-02-21 15:04 | Report Abuse

huat huat up up!

Posted by 430204813832245 > 2019-02-21 16:22 | Report Abuse

Showtime

Posted by 430204813832245 > 2019-02-21 16:25 | Report Abuse

Lai liao up up up

Posted by ramada > 2019-02-21 17:05 | Report Abuse

First time quarterly result in loss-making, pray hard for you guys.
https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=3042

Posted by SuperPanda > 2019-02-21 17:07 | Report Abuse

omg !

Posted by zoizai > 2019-02-21 17:22 | Report Abuse

Gone. Rm5 coming

Posted by digi_three > 2019-02-21 17:23 | Report Abuse

Aiyoo tomolo sure drop lor. how come got losses one aiyooo!

Posted by mamatede > 2019-02-21 17:24 | Report Abuse

from pe5 to pe9 due to latest quarter. that's why pe is not a good indicator at all. good luck tomorrow, tough time for Petronas in the near future.

Posted by fkser > 2019-02-21 17:24 | Report Abuse

Lai liao hahaha

Posted by mamatede > 2019-02-21 17:25 | Report Abuse

@petromm

Posted by RainT > 2019-02-21 17:25 | Report Abuse

loss making quarter

habis

Posted by SALAM > 2019-02-21 17:25 | Report Abuse

O&G accounting susah to comprehend la...esp HRC

Posted by Veron_teo > 2019-02-21 17:34 | Report Abuse

actually the loss is expected

Posted by (S = Qr) Philip > 2019-02-21 17:34 | Report Abuse

Sheldon! Time to be like Stephen chow and catch some falling knives.

Posted by Outliar > 2019-02-21 17:35 | Report Abuse

Great result, looking forward to adding my position tomorrorw

Posted by (S = Qr) Philip > 2019-02-21 17:36 | Report Abuse

Choivo! Time to be like Jackie Chan and take a punch! Chill and watch movie with free popcorn!

Posted by (S = Qr) Philip > 2019-02-21 17:38 | Report Abuse

I think you got the not money maker part right.

>>>

Choivo Capital Oil price does not really matter for PetronM. Its not the main money maker.
13/02/2019 15:05

Posted by RainT > 2019-02-21 17:40 | Report Abuse

tomorrow limit down ....

time to sapu more ?

Posted by sonyangel > 2019-02-21 17:44 | Report Abuse

HY quarter will decide how it move....fingers crossed.

Posted by PickleR1ck > 2019-02-21 17:45 | Report Abuse

when hy quarter out?

Posted by SuperPanda > 2019-02-21 17:47 | Report Abuse

need to accept the fact that when oil price up refine will earn less.. if plus shutdown it will be more worst

Posted by qqq3 > 2019-02-21 17:47 | Report Abuse

Petron.....like Titan and Hengyuan cannot tolerate the sharp drop in crude prices in Dec....

next quarter better.....

Posted by stock_investor > 2019-02-21 17:49 | Report Abuse

Habis kali ini. Tmr gap down.