Posted by limkokthye > 2020-12-15 15:19 | Report Abuse

what happen petronm? top loser

Posted by Diamond7 > 2020-12-15 18:20 | Report Abuse

Budget passed...
Bulls charging....
Brent oil up...

Enjoy the ride....

Posted by Yinyin88 > 2020-12-16 11:44 | Report Abuse

Hold or sell?

Posted by 東风 > 2020-12-16 11:59 | Report Abuse

Hold

Posted by limkokthye > 2020-12-16 15:48 | Report Abuse

oil price up, petronm down wtf

Posted by limkokthye > 2020-12-16 15:59 | Report Abuse

wtf keong gan liao

Posted by limkokthye > 2020-12-16 16:05 | Report Abuse

Mr. Ramon S. Ang angry liao

Posted by param1 > 2020-12-16 16:20 | Report Abuse

thank you can pick up more later

Posted by Dartmaster > 2020-12-16 16:43 | Report Abuse

yeah sohai sial . this one no choice but to cut loss d

Posted by jinova546 > 2020-12-16 17:18 | Report Abuse

Dui lo ....I lost alot of money....haiz.. F my life

Posted by MisstheBoat > 2020-12-17 13:38 | Report Abuse

Fxxk i cutloss
Shoulf follow pangsai n shit finder
I do admit they good



gemfinder sold all5.80. TQVM
15/12/2020 9:19 AM

Posted by limkokthye > 2020-12-17 14:55 | Report Abuse

si liao lah, hari hari drop

Posted by limkokthye > 2020-12-17 20:56 | Report Abuse

earn so much, dividen ciput

Posted by Dartmaster > 2020-12-18 09:29 | Report Abuse

jhm

Posted by limkokthye > 2020-12-18 09:46 | Report Abuse

petronm get burn

Posted by ZStrader > 2020-12-18 10:10 | Report Abuse

OK collect some...

Posted by sheldon > 2020-12-18 10:19 | Report Abuse

hehe - you can hear a pin drop !

Posted by NewNewbieadui > 2020-12-18 14:59 | Report Abuse

Diu.. can hold or not? Every day see drop also sien.

Posted by limkokthye > 2020-12-18 15:33 | Report Abuse

keep and close pc, drive your car everyday and sit infront of petron station

Posted by jinova546 > 2020-12-19 00:35 | Report Abuse

:'(

Posted by MichelleNg > 2020-12-19 07:43 | Report Abuse

Crude oil prices up, petronm and hengyuan up like crazy? Is their profit increase? Big players happily selling at higher price to bilis. hibiscusnot evenup 100%

Posted by pang72 > 2020-12-19 07:47 | Report Abuse

Drop below 5 will go to 4...

Sslee is right....
Refinery margin negative... Next QR in red!!

Posted by pang72 > 2020-12-19 07:47 | Report Abuse

Lucky I read it early..

Posted by Start_0f_the_bull > 2020-12-19 14:04 | Report Abuse

If there is any refinery negative margin it will all be offset by higher petrol and diesel prices at Petronm petrol stations.
Most importantly, the company's profit is all depend on the demand of fuel.
More businesses is now allowed to open the fuel demand should be high in coming months.
Share price of Petronm should be uptrend next week.

Posted by Dartmaster > 2020-12-19 14:50 | Report Abuse

Rm 4.8 next

Posted by Start_0f_the_bull > 2020-12-19 17:19 | Report Abuse

RM5.90 next.

Posted by Sslee > 2020-12-19 17:54 | Report Abuse

https://klse.i3investor.com/jsp/blog/blpost.jsp?blid=4321&blpid=443052

Should we invest in HRC and PetronM?

Posted by gemfinder > 2020-12-19 18:42 | Report Abuse

Refining margin oredi rebounded from negative n in positive teritory starting from oct loh. Crude oil px since then moving up. L

Posted by Start_0f_the_bull > 2020-12-19 20:38 | Report Abuse

Thank you Sslee for your analysis.
So base on the crack spread chart it is moving towards more positive point and to the peak at about 3.00 in April 2021.
Thus Petronm profit should climb upwards at least for another two coming quarters.

Posted by pang72 > 2020-12-19 22:49 | Report Abuse

Hengyuan usd3 crack only break even la...

Next QR continue loss.
.

Posted by pang72 > 2020-12-19 22:50 | Report Abuse

Both Petronm and hrc koyak liao...
Down trend...

Posted by gemfinder > 2020-12-19 22:52 | Report Abuse

From where u got usd3 brrakeven? Hrc bos told u? Dun act like pro

Posted by pang72 > 2020-12-19 22:53 | Report Abuse

Sslee said hengtuan profit last Q is due to gambling earning from commodity hedging..

If gambling loading money then loss and if gambling earning money then quarter will loss..

So... Let gamble if you wish or go to better stock..

Posted by pang72 > 2020-12-19 22:54 | Report Abuse

Sslee.. My Sifus said....

Posted by gemfinder > 2020-12-19 22:55 | Report Abuse

Oil px going up bro.... stock holding gain... there is no evidence said breakeven is usd3

Posted by gemfinder > 2020-12-19 22:55 | Report Abuse

Sslee is who? God ka

Posted by pang72 > 2020-12-19 22:56 | Report Abuse

I play safe la....
Earning from hedging is by luck la...

Posted by gemfinder > 2020-12-19 22:57 | Report Abuse

Pls read the quarterly report wat hrc said. N dun simply simply said isd3 brrakeven

Posted by pang72 > 2020-12-19 22:57 | Report Abuse

Sslee... Are you God?

I m not sure but he is right leh..

His article out then both hengyuan and Petronm drop like shitLl

Posted by gemfinder > 2020-12-19 22:57 | Report Abuse

Bro, if u wan play safe use karex

Posted by pang72 > 2020-12-19 22:57 | Report Abuse

Investors are takut for gambling now...
All cut win and run..

Posted by gemfinder > 2020-12-19 22:59 | Report Abuse

Any his article out, stock px up? Pls share

Posted by gemfinder > 2020-12-19 22:59 | Report Abuse

Any his article out, stock px up? Pls share

Posted by pang72 > 2020-12-19 23:00 | Report Abuse

No leh...
But his article out, stock price only drop....
That why I takut...

Posted by pang72 > 2020-12-19 23:01 | Report Abuse

I takut drop more next Monday...

Posted by gemfinder > 2020-12-19 23:04 | Report Abuse

Tats y u chicken

Posted by gemfinder > 2020-12-19 23:07 |

Post removed.Why?

Posted by limkokthye > 2020-12-19 23:34 | Report Abuse

Nowadays petron brand is famous everywhere

Posted by Start_0f_the_bull > 2020-12-20 07:59 | Report Abuse

Petronm owns petrol stations but Hengyuan does not. Check properly, there is the different. Here is Petronm forum not Hengyuan forum.

Posted by Sslee > 2020-12-20 08:28 | Report Abuse

Dear all,
From HRC Q3 report: Cumulative 9 month 30th Sept 2020
Manufacturing expenses: RM 166,920,000
Administrative expenses: RM 63,489,000
Depreciation and amortisation: RM 89,023,000
Finance cost: RM 18,864,000
Total: RM 338,296,000
Sales volumes Barrel: 25,400,000
Cost per barrel: RM 13.32
USD to MYR: 4.15:Cost per barrel: USD 3.22

HRC Q3 result: Page 21
The average market prices of oil products for the current quarter saw some improvement against the margins recorded in the immediately preceding quarter, although they continued to be in the negative region. The positive combination of stock holding gains and support from oil margin swaps for the current period resulted in a comparatively higher gross margin and net profit against the previous quarter.

Some improvement against the margins recorded in the immediately preceding quarter, although they continued to be in the negative region.
Mean refining margin still negative for the quarter. And quarter profit is from stock holding gains and support from oil margin swaps.

Q3 inventories gain base on Average Brent Crude per barrel Q2: USD 29 to Q3: USD 43 is USD 14.
Q4 result will again depend on this inventories gain again. If average brent crude Q4 (Oct, Nov and Dec) is USD 49 then the inventories gain is USD 6 compare to Q3 of USD 14.

HRC Q2 result page: 20
Refining margins were also adversely affected by poor product cracks and stock holding losses, as crude prices fell from USD67 to USD19 per barrel, before settling at USD40 per barrel in June 2020. These were cushioned by the effects of margin and commodity hedges, which the Company has put in place as part of its risk management measures.
Net forex gain of RM16.3 million (inclusive of fair value gains on the outstanding foreign currency swaps) was recognised in the current quarter as Ringgit Malaysia marginally strengthened from RM4.31 to RM4.28 against the US Dollar.
Tax effects for the current quarter and cumulative period includes the recognition of deferred tax asset on tax losses previously not recognised, taking into account the availability of future taxable profits against which it can be utilised. (A11: RM 48,421,000)

Mean without
1. Net forex gain of RM16.3 million
2. Deferred tax: RM 48,421,000
3. Margin and commodity hedges
Q2 will be a loss making quarter.