Posted by aleroe > 2021-08-26 17:07 | Report Abuse

Earnings out — good profit despite the lock-downs

Revenue actually up on Q-on-Q basis

Posted by Karma4444 > 2021-08-28 11:35 | Report Abuse

Heng yuan monday will drag down petronm

Posted by firehawk > 2021-09-03 08:13 | Report Abuse

is this a better choice than Heng Yuan?

Posted by Sslee > 2021-09-03 08:33 | Report Abuse

Yes Petronm is better than Hengyuan as Petronm is running a business whereas Hengyuan is running a Casino betting/hedging heavily on:
Forward foreign currency contracts
Forward priced commodity contracts
Commodity swap contracts
Refining margin swap contracts
Commodity options
Interest rate swap contracts

Posted by firehawk > 2021-09-03 08:42 | Report Abuse

Hahaha ...I think they hedge their raw material cost and causes the loss .... seemed is more than that!

really they bet on so many items?

Posted by Sslee > 2021-09-03 08:56 | Report Abuse

Hengyuan latest quarter end 30.06.2021 page:14
(b) Financial instruments carried at fair value (continued):
Fair value of financial instruments that were outstanding as at the reporting date are
detailed below:
Level 2
30.06.2021
Contract/Notional amount USD'000
Forward priced commodity contracts 14,778
Commodity swap contracts 140,295
Refining margin swap contracts 250,714
Interest rate swap contracts 77,500

31.12.2020
Contract/Notional amount USD'000
Forward foreign currency contracts 18,000
Forward priced commodity contracts 47,414
Commodity swap contracts 96,496
Refining margin swap contracts 59,436
Interest rate swap contracts 88,750

Posted by firehawk > 2021-09-05 22:02 | Report Abuse

Found that Petron also has derivatives, in 2 items,
1) Forward exchange contracts 92,165
2) Commodity swap 158,905

and incurred loss of (11,046) for 3 months ended 30/06/21.

Posted by firehawk > 2021-09-05 22:31 | Report Abuse

I only dare to put little portion in these type of counters. Long time ago, I already found that their earnings are highly unpredictable. Basically the raw material itself is already a subject of wildly fluctuation, moreover, they themselves buy all these derivatives, these make the earnings more unpredictable.

For example, if crude oil price grows higher, by straight forward, their inventory (which bought earlier at lower price) would be a gain, but they can report inverse result because they hedge the price in wrong direction :D. This happen to other counters like Airasia etc .......

Posted by firehawk > 2021-09-05 22:52 | Report Abuse

Take a glance at Heng Yuan, this is a good demonstration on how the derivatives affected the final result. The pretax loss of 80,463 was caused by the the fair value loss on derivative instruments of 209,219.

But in same period last year, the derivatives reported a gain of 286,017, so ...... :D :D

Their result is actually their derivatives trading result? :D :D

Posted by Sslee > 2021-09-06 07:46 | Report Abuse

If you look into the amount of hedge Hengyuan done in USD, its amount to billion in MYR. That is why I say Hengyuan is running a casino and not running a business.

Posted by EatCoconutCanWin > 2021-09-06 08:06 | Report Abuse

Software stock in focus, myeg, ctos,ramssol, mpay, revenue, buy in before shooting up

Posted by kevinobc > 2021-09-16 23:02 | Report Abuse

https://www.reuters.com/business/energy/oil-prices-climb-after-drawdown-stocks-positive-demand-outlook-2021-09-15/

Posted by kevinobc > 2021-09-17 08:13 | Report Abuse

https://www.dailyfx.com/crude-oil

Posted by Karma4444 > 2021-09-21 20:33 | Report Abuse

looks like petrol stock going to hooland

Posted by Bgt 9963 > 2021-09-21 20:39 | Report Abuse

Down trend....

Posted by Karma4444 > 2021-09-22 07:51 | Report Abuse

Petronm make me 9696

Posted by Karma4444 > 2021-09-23 11:07 | Report Abuse

cb petronm zzzzzzzzzzzzz

Posted by gemfinder > 2021-09-24 20:58 | Report Abuse

Interstate travel soon.... buy now

Posted by sheldon > 2021-09-27 14:50 | Report Abuse

PE only 4.07

Posted by BursaRangers > 2021-09-27 19:53 | Report Abuse

https://klse.i3investor.com/blogs/BursaRangersTechnicalPicks/2021-09-27-story-h1591781757-BursaRangers_Daily_Technical_Picks_28_September_2021.jsp

Posted by Diamond7 > 2021-09-28 06:12 | Report Abuse

When economy reopens
People will start driving n use petrol..

Aeroplanes will fly.

Posted by AlexZai > 2021-09-29 09:24 | Report Abuse

No steam

Posted by Diamond7 > 2021-10-02 21:44 | Report Abuse

Wait
Wait patiently....

Posted by gemfinder > 2021-10-05 09:17 | Report Abuse

go go go. everyone can traveel!!!!!

Posted by leekh5555 > 2021-10-05 15:44 | Report Abuse

diam diam collect...

Posted by firehawk > 2021-10-06 08:33 | Report Abuse

the mobility /fluctuation of this one is less than Hengyuan .....

Posted by leekh5555 > 2021-10-06 15:26 | Report Abuse

pls don't up so fast.. i am still in collecting mode.

Posted by leekh5555 > 2021-10-06 15:27 | Report Abuse

pls throw to me..

Posted by Cakes Moon > 2021-10-08 16:02 | Report Abuse

Which Brent $83, refinery crack spread at $9, no reason for Petronm to trade at RM4.60.
Worst case fall back to RM4.10 low, prepared to loss 10% if thing goes wrong.

Posted by Karma4444 > 2021-10-09 12:40 | Report Abuse

Many car on the road

Posted by Diamond7 > 2021-10-10 11:00 | Report Abuse

Theme play
Double oil
Palm oil.
Energy oíl

Palm oil...
Watch out for tannn n Sarawak plantation


Carimin n hibiscus
Hibiscus bigger oil field..
Cash rich assets

Petronm
Winner now.....
Large reserves
High NTA
Now making millions

When economy reopens...
Cars moves
Aeroplanes fly....

Watch out!!!

Posted by Diamond7 > 2021-10-10 11:02 | Report Abuse

Buy on dip
Dun chase chase
Never chase when a stock is overvalue n too high!

Posted by Karma4444 > 2021-10-11 08:28 | Report Abuse

Oil stock can keep for long term

Posted by Cakes Moon > 2021-10-11 09:34 | Report Abuse

With Iran's uranium purification drama with the world, brent crude oil is heading towards $100.
Crack spread stood high at $10.
Cars on the road and airasia is flying in the sky.
No reason Petronm to stay at this low.

Posted by Karma4444 > 2021-10-11 11:50 | Report Abuse

contra kaki start selling knnccb

Posted by Diamond7 > 2021-10-11 14:02 | Report Abuse

Groo...oom!!!

Still a buy!
Great potential of moving up!

Posted by meistsk3134 > 2021-10-11 22:32 | Report Abuse

can hit rm6.00?

Posted by gemfinder > 2021-10-11 22:48 | Report Abuse

Go go go

Posted by Diamond7 > 2021-10-12 06:30 | Report Abuse

Petrol price has gone up up since a year ago
Cars moving..
Aeroplanes fly..

NTA high...
Reserves high...
No worries if u buy this counter when low...

Posted by kevinobc > 2021-10-12 07:32 | Report Abuse

https://www.nst.com.my/business/2021/10/735603/bursa-hits-one-month-high-surging-oil-prices-interstate-resumption-lift

Posted by Diamond7 > 2021-10-12 15:27 | Report Abuse

If petron down below 4.20
Buy!!!

Posted by Karma4444 > 2021-10-12 22:58 | Report Abuse

Petron will shoot up 15

Posted by Cakes Moon > 2021-10-13 16:32 | Report Abuse

What happen? Suddenly crashed to RM4.64.

Posted by gemfinder > 2021-10-13 17:03 | Report Abuse

collect cheap cheap 465

Posted by gemfinder > 2021-10-14 10:45 | Report Abuse

sold out 477. TQVM

Posted by InterFund® > 2021-10-14 17:55 | Report Abuse

First TP RM5.25.....................

Posted by DonWorryBeHappy > 2021-10-15 01:20 | Report Abuse

Bought some 4.68

Posted by Karma4444 > 2021-10-15 12:33 | Report Abuse

Faster buy now

Posted by meistsk3134 > 2021-10-16 11:59 | Report Abuse

still cNnot up

Posted by leekh5555 > 2021-10-16 12:23 | Report Abuse

crude oil, crack spread, vehicles on road....all increase, if want to make huge profit just hold until March 2022,simple.