Posted by qqq3 > 2019-02-22 07:31 | Report Abuse

but why would he (Choivo) have bought Petron if he actually know it will be reporting disappointing results?

Believe the guy or not?

What do u call people like Choivo? People who cannot lose.

Posted by qqq3 > 2019-02-22 07:32 | Report Abuse

when there is no integrity and managing your funds......what chances u got?

Posted by qqq3 > 2019-02-22 07:34 | Report Abuse

but Choivo England very good......surely integrity just as good......

Posted by (S = Qr) Philip > 2019-02-22 08:02 | Report Abuse

Actually qqq, Jon choivo not wrong leh. He hedged. He said either make a small lost or a small profit.

Either way he say he will take that queue at 5.4 from woolei.

Whether falling knife or shooting cannon tomorrow no one will know.

But probability states that if you didn't go on margin it should be ok la.

Oh wait, did Jonathan Choi portfolio invest on margin? Good luck! My advice, if you don't know what you are doing, don't take margin.

If you need a loan, I can take payment in kidneys.

Posted by zoizai > 2019-02-22 08:32 | Report Abuse

Q below rm5

Posted by amet2017 > 2019-02-22 08:34 | Report Abuse

Walawei cheapskate....

Posted by qqq3 > 2019-02-22 08:39 | Report Abuse

y (S = Qr) Philip > Feb 22, 2019 08:02 AM | Report Abuse

Actually qqq, Jon choivo not wrong leh. He hedged. He said either make a small lost or a small profit.
=========

small loss or small profit is same....means a disappointing result....

this is commenting after the horse has left the barn....and without integrity......cannot lose.

Posted by isupertrader > 2019-02-22 08:44 | Report Abuse

Last year's performance is pre-expected due to dip in crude oil. Overall, in fiscal year 2018 Petronm still rake in RM224 million in net profit and it was a bad year. So today's flux will be a battle between traders and investor being investor waiting for the price to be cheaper to buy in. and traders with scream mask are throwing off their shares. As for me, I am waiting to buy more.

Posted by mamatede > 2019-02-22 08:51 | Report Abuse

if you short this now will be good money

Posted by apolloang > 2019-02-22 08:57 | Report Abuse

Stock: [PETRONM]: PETRON MALAYSIA REFINING & MARKETING BHD

Feb 21, 2019 09:32 PM | Report Abuse

tomoro 1st support 7.00 if broken no eye see....hehe

CHUN CHUN or not? hehe

Posted by zoizai > 2019-02-22 09:07 | Report Abuse

Falling knife like last time.

Posted by Chua Joe Beng > 2019-02-22 09:09 | Report Abuse

Any price below 7 is a gud buy!

Posted by zoizai > 2019-02-22 09:12 | Report Abuse

Sell sell sell. Below rm5 coming

Posted by zoizai > 2019-02-22 09:21 | Report Abuse

big guns will throw later. Hold tight

Posted by 430204813832245 > 2019-02-22 09:26 | Report Abuse

Buy more

Posted by apolloang > 2019-02-22 09:37 | Report Abuse

today support is 6.80 if broken 6.50 kambing

Posted by shpg22 > 2019-02-22 09:37 | Report Abuse

Expect another few quarter of losses. Won't be just one

Posted by safewinner > 2019-02-22 09:42 | Report Abuse

ADD 6.83 average down

Posted by sheldon > 2019-02-22 10:05 | Report Abuse

Looks like the answer to the question on profitability was A - Loss. What a total disappointment ! Looks like inventory cost which has a bearing on crack spreads has a huge bearing.

I'm curious as to what Pet-Dag's result will be. It should also be bad due to high inventory cost.

Posted by mamatede > 2019-02-22 10:36 | Report Abuse

From friends working in petronm, life is tough as cost cutting measure in everything now. Guess there's a need to contain cost. I think as usual the price of petronm should hover around the usual PE 4-6 and no chance of earning meteorically, now so not so much of catalyst to have a boom in any coming quarters. With PE=6, the price is around RM5 and will have to see how much dividend will be giving out, usually dividend will be pro-rated according to earnings. Last year 2018 dividend is 0.25 which was 4-5% of the price at that time, this year i forsee to be around 0.18-0.22 sen since the Q3 and Q4 of 2018 was pretty solid but Q119 and Q219 not so encouraging. That translate to around 2.5 - 3% yield at current price 6.89. If oil price keep dropping, this will incur inventories cost to retailers as well as petronm. Thats the dilemma. This is only my 50Cent, for your reading pleasure only..hehe

Posted by sheldon > 2019-02-22 10:42 | Report Abuse

I thought they stated that dividend for this year = 20 sen

Posted by Chua Joe Beng > 2019-02-22 10:45 | Report Abuse

oil price is up dee! PH has awarded contract for gomen vehicles to pump their gas at Petron. Asked TDM's son on this matter if in doubt!

Posted by mamatede > 2019-02-22 10:49 | Report Abuse

Government still can pump in shell, Petronas , BP. so why the huha?

Posted by Remain Calm > 2019-02-22 10:53 | Report Abuse

@sheldon, his statement is incorrect, dont have to bother it.

Posted by Chua Joe Beng > 2019-02-22 11:01 | Report Abuse

Posted by mamatede > Feb 22, 2019 10:49 AM | Report Abuse

Government still can pump in shell, Petronas , BP. so why the huha?


Still can at other petrol kiosk but who is running d gomen now?

Posted by enigmatic > 2019-02-22 11:32 | Report Abuse

Worst quarter in 3 years. TP RM6 saja la

Posted by Chua Joe Beng > 2019-02-22 11:49 | Report Abuse

think dis QR has bones in it! from a NP of 85.5m last qtr to minus 25.5m???

Posted by mamatede > 2019-02-22 11:57 | Report Abuse

come on you still believe tdm son hold big stake in petronm ? nowadays all eyes are watching don't think they wanna be too obvious

Posted by mamatede > 2019-02-22 12:00 | Report Abuse

don't bash me la, just my 2cents. let's keep the discussion healthy

Posted by Chua Joe Beng > 2019-02-22 12:01 | Report Abuse

u r tempted - pls b careful with ur words dee!

Posted by Cynthiakek > 2019-02-22 12:03 | Report Abuse

can buy in some now? so attractive...

Posted by mamatede > 2019-02-22 12:06 | Report Abuse

I do not have stake in petronm la, but I think it is a good company but not at this price. they are aggressively opennning new station which is good but it takes average 7 years to break even. so year don't ask you to sell or buy

Posted by isupertrader > 2019-02-22 12:09 | Report Abuse

https://oilprice.com/Energy/Oil-Prices/Oil-To-Rise-As-US-China-Outline-Trade-Deal.html

Enough said.

Posted by Chua Joe Beng > 2019-02-22 12:12 | Report Abuse

u r right! it's chicken n eggs - more chicken lays more eggs - u can imagine what Petron is doing.

Posted by sheldon > 2019-02-22 12:13 | Report Abuse

What a huge trading volume!

Posted by mamatede > 2019-02-22 12:16 | Report Abuse

@sheldon people selling that's why

Posted by Chua Joe Beng > 2019-02-22 12:23 | Report Abuse

dee, i see more buyers @6.89!

Posted by Chua Joe Beng > 2019-02-22 12:24 | Report Abuse

its accumulating not disposing!

Posted by Choivo Capital > 2019-02-22 14:21 | Report Abuse

Because the 3,5,10 year intrinsic value of this company is alot more.

And when i know what its really worth, i dont like to speculate in short term price movements.

One can argue that i should have probably read the sentiment abit better and sold it a few days ago and bought it after.

But i have no intention of using my short term trading muscles. I intend to kill it.

However, imagine if the HIBISCUS scenario happens, and it drops like 10 sen before gaining 20 sen the next day. And i feel horrible and wait for it to go down, but it keeps going up, making me even more stressed and thus impairing decision making.

No thanks, investing is hard as it is, no point making it even harder by having a short term perspective.

In any event, that's why i saved my last batch money for after results.

====
qqq3 but why would he (Choivo) have bought Petron if he actually know it will be reporting disappointing results?

Believe the guy or not?

What do u call people like Choivo? People who cannot lose.
22/02/2019 07:31

Posted by Choivo Capital > 2019-02-22 14:22 | Report Abuse

That is roughly 15% IRR. I can tell you companies in Bursa with 15% ROE consistently less than 20.

Buying topglove now is 30 year ROI.

====
mamatede I do not have stake in petronm la, but I think it is a good company but not at this price. they are aggressively opennning new station which is good but it takes average 7 years to break even. so year don't ask you to sell or buy
22/02/2019 12:06

Posted by Choivo Capital > 2019-02-22 14:29 | Report Abuse

My margin loan is 10% of portfolio size. I can settle it tmr if i want. Im paying 4.85% FD is now 4.65% for MBSB. Sounds like a good deal to take a small one. My max is 30-40% of portfolio, but i doubt ill use that much unless KLSE is less than 1400 points.

Haha i think you need to queue behind the many others who want my kidneys!


===
(S = Qr) Philip Actually qqq, Jon choivo not wrong leh. He hedged. He said either make a small lost or a small profit.

Either way he say he will take that queue at 5.4 from woolei.

Whether falling knife or shooting cannon tomorrow no one will know.

But probability states that if you didn't go on margin it should be ok la.

Oh wait, did Jonathan Choi portfolio invest on margin? Good luck! My advice, if you don't know what you are doing, don't take margin.

If you need a loan, I can take payment in kidneys.
22/02/2019 08:02

Posted by qqq3 > 2019-02-22 14:33 | Report Abuse

Choivo Capital > Feb 22, 2019 02:21 PM | Report Abuse

Because the 3,5,10 year intrinsic value of this company is alot more.
========

I am not talking strategy and share price....I am talking about integrity............

No need for u to say u expected disappointing results and go buy it before results......

Posted by qqq3 > 2019-02-22 14:34 | Report Abuse

I am not talking strategy and share price....I am talking about integrity............

No need for u to say u expected disappointing results and go buy it before results......anyway, its just being you....cannot lose.

Posted by qqq3 > 2019-02-22 14:35 | Report Abuse

Now RHB says worth only $ 5.50 how?

Posted by qqq3 > 2019-02-22 14:38 | Report Abuse

With Rapids coming online, with excess regional refining capacity.....there are better shares to buy than refinery stocks.........

P Dagangan is different....P Dagangan is full distribution, no refinery.

HYC is of course the worse....

Posted by qqq3 > 2019-02-22 14:39 | Report Abuse

deMusangking > Feb 22, 2019 02:36 PM | Report Abuse

talking about integrity...........???
========

me? why anyone wants integrity from me? I am just a small time trader......

Posted by qqq3 > 2019-02-22 14:40 | Report Abuse

trading is solo work....no need integrity.....

Posted by Choivo Capital > 2019-02-22 14:58 | Report Abuse

Ask rhb go sell it down to RM5.5.

Integrity is doing the right thing. This includes not front running KYY.

I've made very clear, i have a good idea of the long term intrinsic value of this company, and i feel the price now is far below it. And so i'll buy, with only a small bias towards short term price movements.

Imagine 2008 recession the house auction market. You go to the auction, literally nobody. You buy a house at almost 8% yield, you feel smart, cover installment comfortably.

Every 2 weeks new auction, every time nobody come, the houses in the same area is selling 10% cheaper every time there is new auction. 6 weeks later, you could have bought it for 30% cheaper.

What do you do? Ball shake get nervous and sell? No what. You check, double check and triple check to make sure you know what you're buying and what its worth.

And try to buy more. The price can drop more for all you care.

Drop even more? good, can make 11% yield on a house you can leverage 10X. Literally 110% gain in a year. No need think so much.

Same thing here. Just much harder.

Anyway, ive spoken too much to this particularly odd specimen of humanity. Got better things to do.
=======


Posted by qqq3 > Feb 22, 2019 02:35 PM | Report Abuse

Now RHB says worth only $ 5.50 how?

Posted by qqq3 > Feb 22, 2019 02:34 PM | Report Abuse

I am not talking strategy and share price....I am talking about integrity............

No need for u to say u expected disappointing results and go buy it before results......anyway, its just being you....cannot lose.

Posted by Kawkaw > 2019-02-22 15:19 | Report Abuse

Haas.. Collect all sifu

Posted by qqq3 > 2019-02-22 15:22 | Report Abuse

Choivo Capital > Feb 22, 2019 02:58 PM | Report Abuse

Integrity is doing the right thing. This includes not front running KYY.
=============

its share market opinions on Jaks and sendai.....

share market opinions always got + and -........365 days a year also + and - points.......