Posted by mamatede > 2020-05-22 00:02 | Report Abuse

those bought need close eye for 2 quarter la, q1 and q2

Posted by Jaks TP RM4.50 > 2020-05-22 01:55 | Report Abuse

next quarter also confirm losses loh ... wait till after Q3 result announcement to reinvest here. Already queue to cut loss tomorrow. Hopefully no big gap down.

Posted by SuperPanda > 2020-05-22 07:05 | Report Abuse

min drop -15% around 3.90, mild case at -20% 3.70, worse case above -25% drop below 3.50

Posted by SuperPanda > 2020-05-22 07:09 | Report Abuse

3.50 seems fair value considering coming qtr rpt will be higher loss than this qtr

Posted by mf > 2020-05-22 07:14 |

Post removed.Why?

Posted by SuperPanda > 2020-05-22 10:00 | Report Abuse

good support as for now, see after raya if can sustain above rm4

Posted by Alex™ > 2020-05-22 12:32 | Report Abuse

tipu counter. QR drop 123%, why share only drop 5%?

Posted by GooShem > 2020-05-22 12:45 | Report Abuse

oil sure gg lar ... i only pump once since march ... lol

Posted by mf > 2020-05-22 13:49 |

Post removed.Why?

Posted by ivanlau > 2020-05-23 08:54 | Report Abuse

overvalue stock..... better avoid.....

Posted by Jeffreyteck > 2020-05-23 18:42 | Report Abuse

Q2 will be nightmare, to what extent current price has taken into account? Unfortunately analysts only use past dividend to recommend. Agreed to run, wait for US another round of circuit breaker.

Posted by sheldon > 2020-05-27 21:55 | Report Abuse

Cars have started plying the roads from early May, increasing demand. Also a positive crack spread due to sharp increased crude price will be the positive aspects of performance for the second quarter.

Posted by Choivo Capital > 2020-05-28 11:34 | Report Abuse

Im not too worried on how the numbers will look like Q2.

What im wondering is, will there is a fundamental change in even local travelling habits?

Will people just decide to drive far far less for a long time to come in the future?

I think travelling habits may be impacted in the next 1-2 years, but over the long term, we are very social creatures, we will want to meet friends and family face to face.

And i think cars/petrol combusting vehicles will still be the main mode of transport, at least in malaysia.

Its also safer than trains virus wise.

Posted by mf > 2020-05-28 12:41 |

Post removed.Why?

Posted by Azaari > 2020-05-28 14:48 | Report Abuse

Buy

Posted by Simonalibaba > 2020-05-29 12:59 | Report Abuse

The refinery crack went from low to high in 2017 and subsequently dropped till now guys. It’s all about refinery margin not the distribution that make much of a difference unless you have the biggest distribution like Petronas .

Posted by mamatede > 2020-06-10 21:43 | Report Abuse

Vroom Vroom, i have revenge driving lately. Fill up petrol tank more than usual .

Posted by mamatede > 2020-06-12 09:11 | Report Abuse

ok an opportunity to enter.

Posted by mf > 2020-06-20 08:48 | Report Abuse

Oil jumps 2%, posts seventh positive week in eight on supply cut optimism

Posted by sheldon > 2020-06-22 11:58 | Report Abuse

My letter to the MSWG ...

Dear Mr XXX,

Background
I participated in the above AGM as a shareholder on live streaming. The entire board, all dressed up looking very dapper was present from KL and Manila.

Conduct of Meeting
I have some observations which I hope you can convey to the board.

I felt that several of their responses were not up to scratch. Allow me to elaborate please ...

Superficial Response
Someone asked what the cost of the virtual AGM was (vis-a-vis the regular one). This may sound a rather petty question but nevertheless important to the enquiring shareholder. The response was just general and on the surface, something to the effect ...

"The cost varies from company to company ... Obviously the virtual AGM is cheaper than a regular one ..."

If you analyse the above, you realise that it's a motherhood statement. There is nothing of value in it. Do you see anything aha about it? No figures mentioned. I could have a similar response from the man in the street. It would have been useful if he had provided some ballpark figures like the cost of hall rental, food and parking saved versus the main cost of virtual meeting.

No Response
There was a box for which I typed out 2 questions & sent them during the Q & A session. I'm not certain if the online system had taken a little longer time to convey the questions. I waited for the response but there was none. They quickly rushed on to the voting session. The company secretary who led the AGM merely said at the start of the voting session that he has received some more questions but too bad they've moved on to the voting session.

My take
Board meetings are held only once a year. They should have the decency to give us adequate opportunity to learn more about the company, its plans and also query on the financials.

We shareholders have skin in the game. It's noteworthy however that none of the board members have any direct shareholding in the company. Nevertheless they get to enjoy pecuniary benefits. If they want to pocket the meeting allowance, I suggest that they have to make it count. If they're just going to be passengers then they should stay at home and not attend. It'll at least save the company some money.

It appears to me that the board has taken advantage of the of the virtual AGM to cut corners. They pretend not to hear the queries raised and quickly rush through the meeting. If that's the case, then I also want to sit on the board.

That's not the way to treat shareholders who have taken their time to meet the board.

Thank you sir.

Regards

Posted by alibaba007 > 2020-06-25 09:51 | Report Abuse

open economy use oil rebound

Posted by alibaba007 > 2020-06-25 10:51 | Report Abuse

demand slowly go back

Posted by ivanlau > 2020-07-04 21:13 | Report Abuse

crack spread around 2 - 3 at the moment, afraid petronm will keep losing money until crack spread up to 7 ..... it may take some time......

Posted by irazam > 2020-07-10 12:52 | Report Abuse

buy...support rm4.... TP Rm5 long termmmmm

Posted by Jeffreyboy > 2020-07-14 12:18 | Report Abuse

Need some advise, How many Petron Station in Malaysia is direct own by PetronM?

Posted by sheldon > 2020-07-16 04:40 | Report Abuse

Jeffreyboy - you asked the right question. I asked the same question at last year's AGM.

They said of the 640 odd stations, 333 belong to PetronM. Add this to 2019 annual report that states 31 new stations opened, we have 364 stations in total.

Actually for greater transparency, they should disclose the addresses of the stations under PetronM.

Posted by mama1baba > 2020-07-16 17:45 | Report Abuse

Whats the benchmark for MY refining margin? SG Mogas 92 unleaded brent crack?

Posted by markpaul328 > 2020-07-21 00:09 | Report Abuse

Can still buy? Price kept dropping.. is is because all funds went to glove?

Posted by ankahill > 2020-07-28 17:47 | Report Abuse

Buy when price drops!

Posted by sheldon > 2020-07-30 05:55 | Report Abuse

Subdued demand will pull profits down but significant holding gains will push it up.

I predict between 10 - 15 sen EPS for June quarter. Too optimistic?

So what's your EPS prediction for June quarter?

Posted by firehawk > 2020-07-30 08:48 | Report Abuse

is +ve 10 - 15 sen or -ve 10 - 15 sen ?

Posted by sheldon > 2020-07-30 10:46 | Report Abuse

Positive 10 -15 firehawk

Posted by limkokthye > 2020-07-30 20:21 | Report Abuse

hari raya many drive back kampung, use many oils

Posted by ankahill > 2020-08-03 09:33 | Report Abuse

Collect a little bit more.. quite cheap! :D

Posted by Choivo Capital > 2020-08-03 14:57 | Report Abuse

i think it should breakeven q2.

Posted by sheldon > 2020-08-04 09:37 | Report Abuse

Breakeven? Meaning profit = 0?

Posted by QuestKing > 2020-08-04 09:39 | Report Abuse

Buy when price drops! And run when panties burn

Posted by Choivo Capital > 2020-08-04 10:17 | Report Abuse

Or close to that

There are alot of factors to help, higher inventory value, forex savings, recovery of fuel consumption to a large extent. Most people are driving now vs taking public transport.

But i dunno, all i know long term wise, people will be driving more, and that Petronm is the player with the lowest cost in this regulated industry.

====
sheldon Breakeven? Meaning profit = 0?
04/08/2020 9:37 AM

Posted by Sslee > 2020-08-04 10:42 | Report Abuse

Dear all,
For refining margin you need to look into below chart. You need crack spread of minimum USD 2.00 to make profit in refining.
https://www.tradingview.com/symbols/NYMEX-D1N1%21/

For stock/inventories gain or loss you can look into below chart:
https://markets.businessinsider.com/commodities/oil-price

As for retail sales the margin is fixed but need volume to generate good profit

Posted by Choivo Capital > 2020-08-04 12:06 | Report Abuse

thanks sslee.

Do note, their refinery supply mainly to themselves. They don't sell the fuel to third party, so the impact from low refining margins is relatively contained.

In addition, when it is not economical to refine, they usually ramp up the imports. So there is this.

Posted by Nepo > 2020-08-04 18:54 | Report Abuse

I wait below RM 3, don't know possible or not..

Posted by Jeffreyteck > 2020-08-04 19:05 | Report Abuse

Looks attractive.

Posted by ankahill > 2020-08-06 15:50 | Report Abuse

Woh!!! What's happening?!! Syndicate ' goreng ' or trapping!!?? :D

Posted by ivanlau > 2020-08-06 20:17 | Report Abuse

crack spread still in deficit...... be cautious.........

Posted by hng33 > 2020-08-11 11:56 | Report Abuse

bought petron at 3.60

Posted by hng33 > 2020-08-11 14:52 | Report Abuse

sold back at 3.70-3.75

Posted by ankahill > 2020-08-12 10:30 | Report Abuse

Collect little by little.

Posted by ankahill > 2020-08-12 10:40 | Report Abuse

Will collect again when below Rm3.

Posted by lmy059c > 2020-08-18 18:47 | Report Abuse

Hengyuan has posted a net profit of over RM48 million for 2Q 2020 !!! Will PetronM and Hibiscus follow suit ??

Posted by SuperPanda > 2020-08-20 21:45 | Report Abuse

bought 3.60 last wed, will accumulate all the way down bcoz what goes down will come up eventually

end year tp rm5 : )