Posted by Dimitri_Ivanov > 2022-05-19 16:44 | Report Abuse

Chinese refineries are ordered to shut by the govt to combat Covid-19. You can't earn profit when businesses aren't allowed to operate. That's why Chinese refineries share prices are stagnant.

GrowthCapitalist

HK stock has some issue though, thier CNOOC isn't moving as well.

Posted by Cakes Moon > 2022-05-19 16:50 | Report Abuse

Wait until all retaliers load up with the call warrants.
Now bankers short sell to pull the net.

Posted by Johnzhang > 2022-05-19 18:02 | Report Abuse

Wild price swing today from as high as $7.60 down to $7.13 at the close.

Posted by Johnzhang > 2022-05-19 18:03 | Report Abuse

I guess some take profit in anticipation of another DJ plunge ?

Posted by dompeilee > 2022-05-19 19:10 | Report Abuse

Some one or ones got KILLed short-selling @ the open. 101,700 shares shorted & 85,000 covered back intraday, probably as high as 7.61 LooooL!

Posted by subwayzzz > 2022-05-19 19:16 | Report Abuse

Where do you guys get PDT And RSS information ?

Posted by mf > 2022-05-20 09:13 | Report Abuse

collect

Posted by rr88 > 2022-05-20 10:41 | Report Abuse

Mencangak naik. Mcm btg kote.
Once pancut, lembik la.

Posted by dompeilee > 2022-05-20 10:49 | Report Abuse

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

May 19, 2022 3:52 PM

Posted by dompeilee > 1 month ago

Bought PetronM @ 4.62 last month. Recommended 2 premium clients since Nov '21.


SOLD 1/7th of my PetronM @ 7.48 today =D

SOLD another 1/7th @ 7.43 =)
My friend who re-alerted me to this stock in March already cashed out in the high six-es lol

Posted by dompeilee > 2022-05-20 10:51 | Report Abuse

Someone/ones is/are SHORT-ing & lo$ing badly...bad idea to short a stock with huge +Ve sentiment with such a small free-float!

Posted by mf > 2022-05-20 10:55 | Report Abuse

add

Posted by Collin59 > 2022-05-20 11:17 | Report Abuse

huat la hahha

Posted by Collin59 > 2022-05-20 11:18 | Report Abuse

2022 oil la

Posted by Collin59 > 2022-05-20 11:18 | Report Abuse

add oil add oil gogogo

Posted by rr88 > 2022-05-20 11:25 | Report Abuse

Con men trying to distribute 7.36 - 7.46. You go in, you kena.

Posted by utusminum > 2022-05-20 11:37 | Report Abuse

Next week results is so strong until u feel impossible

Posted by stockraider > 2022-05-20 11:44 | Report Abuse

Superb result coming loh!

Posted by Cakes Moon > 2022-05-20 12:36 | Report Abuse

Petron so strong!!!
OMG!!!

Posted by supersinginvestor > 2022-05-20 13:48 | Report Abuse

Huat ah ong ah heng ah

Posted by aleroe > 2022-05-20 14:05 | Report Abuse

Afternoon action — hope to see new high and break 8.00

Posted by utusminum > 2022-05-20 15:11 | Report Abuse

Next week results, very very very very strong

Posted by probability > 2022-05-20 21:34 | Report Abuse

Petron reports strong Q1 results; posts P3.6 billion net income, double Q1 last year
https://www.petron.com/news/petron-reports-strong-2022-q1-results/

As the country slowly emerges from the pandemic, industry leader Petron Corporation continued to regain significant volumes, taking advantage of the strong refining cracks in the region, its first quarter results show.

Posted by probability > 2022-05-20 23:02 | Report Abuse

keyword-strong refining cracks

Posted by Sslee > 2022-05-21 08:17 | Report Abuse

INFORMATION ON SHAREHOLDINGS
AS AT 18 MARCH 2022
Class of share: Ordinary Share Unit
Voting right: One vote per share unit
Size of Holdings
No. of
Shareholders
% of
Shareholders
No. of
Units Held
% of Issued
Capital
Less than 100 505 4.463 11,474 0.004
100 – 1,000 4,427 39.128 3,307,479 1.224
1,001 – 10,000 5,448 48.152 20,596,971 7.628
10,001 – 100,000 862 7.618 21,634,644 8.012
100,001 – 13,499,999 71 0.627 26,270,369 9.729
13,500,000 and above 1 0.008 198,179,063 73.399
11,314 100.00 270,000,000 100.00

Petronm free flow shares are very limited hence once a quarterly good result announced the price will fly.

Posted by subwayzzz > 2022-05-21 11:00 | Report Abuse

>> Petron’s consolidated sales volumes from the Philippines, Malaysia, and its trading unit in Singapore grew year-on-year, posting a 34% increase to 25.68 million barrels for the first quarter of 2022, due to higher demand and the easing of mobility restrictions.

"......and it's trading unit IN SINGAPORE"

so if it involves in export business, it's on a windfall.

not sure about in the philippines but subsidy business in malaysia will somehow cap the selling price locally. imo.

Posted by Sslee > 2022-05-21 12:28 | Report Abuse

Fuel subsidy, costly as it is, will remain in Malaysia. However, it’s no secret that the government is looking at a more targeted approach to fuel subsidy, as opposed to the current blanket subsidised price, which is enjoyed by all Malaysians, whether rich or poor.

According to finance minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz, Malaysia’s rich are enjoying the bulk of government subsidies. He said that the T20 group, the top 20% earners, benefitted from more than half of the RM4 billion the government has spent on petroleum subsidies this year, till March, due to the blanket subsidy method.

“For every RM1 of fuel subsidy, 53 cents go to the T20, while 15 cents benefit the B40. So, for example if the subsidy bill this year is expected to top RM30 billion, over RM15 billion is subsidy to the T20,” he said in a Q1 2022 Malaysian Economy interview today, reported by Astro Awani.

Posted by DickyMe > 2022-05-21 12:38 |

Post removed.Why?

Posted by Sslee > 2022-05-21 12:58 | Report Abuse

FUEL PRICE PER LITRE 19 MAY - 25 MAY 2022
PETRON BLAZE 100 EURO 4M: RM 5.50
PETRON BLAZE 97 EURO 4M: RM 4.33
PETRON BLAZE 95 EURO 4M: RM 2.05
PETRON TURBO DIESEL EURO 5: RM 2.35
PETRON DIESEL MAX: RM 2.15

Do every Malaysians understand the subsidized 95 petrol price cap at RM 2.05 as compare to unsubsidized 97 market price of RM 4.33 who actually paid for the different?

Ans: For every litre of subsidized 95 petrol price cap at RM 2.05. sold to consumers Petronm shall claim from Malaysia government RM (4.33 - 2.05)= RM 2.28.

Posted by Sslee > 2022-05-21 13:08 | Report Abuse

So should government ban all those driving the luxury cars from using subsidized 95 petrol price cap at RM 2.05?
Those driving luxury cars please next time you are at petrol station use only unsubsidized 97 petrol market price at RM 4.33.

Posted by DickyMe > 2022-05-21 13:11 | Report Abuse

Don't worry much about oil.
Most cars are powered by electric. Use solar panels to recharge battery.
All petroleum and TENAGA will die in future.

Posted by Sslee > 2022-05-21 13:20 | Report Abuse

To give an idea of how much the government is subsidizing our fuel habit, let’s take a look at the table below:

Fuel Price at the pump per liter (RM) Market price per liter (RM est.) Government subsidy per liter (RM est.)
RON95 2.05 3.70 1.65
Diesel 2.15 4.00 1.85
RON97 4.00 4.00 0.00
*Prices as cited by Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz in Parliament on 10 March 2022.

Posted by Diamond7 > 2022-05-21 13:22 | Report Abuse

With crude oil above USD100
Petronm will show excellent quarterly report...
20 cents dividend coming..

NTA 7.29
At this price...Petron is highly undervalued!
Just wait patiently...


Warren Buffet all in ...in energy n electricity stocks!
Crude oil in high demand!!!

Posted by Diamond7 > 2022-05-21 13:34 | Report Abuse

Petronm is a well managed company!
Good management quality!

Posted by Sslee > 2022-05-21 13:40 | Report Abuse

Brent crude USD 113/ barrel or RM 496/ barrel.
USD to MYR 4.39
RON 97 RM 4.33 per liter.
1 barrel equal 158.99 litre
RON97 = RM 4.33 X 158.99 = RM 688/barrel

The different 688-496= RM 192/ barrel or USD 43.7/ barrel

Posted by gemfinder > 2022-05-21 13:47 |

Post removed.Why?

Posted by Goldberg > 2022-05-21 15:00 | Report Abuse

Asian companies to ramp up petrol exports to US as sky-high prices beckon

JPMorgan Chase & Co forecast this week that American gasoline could surge to as high as $6.20 a gallon by August

Elizabeth Low | Bloomberg
Last Updated at May 19, 2022 10:18 IST


The worsening gasoline crunch looks set to buoy Asian refiners -- particularly those in India -- as sky-high US prices encourage more exports.

US pump prices have now risen above $4 a gallon in all states for the first time ever as the summer driving season approaches. JPMorgan Chase & Co. forecast this week that American gasoline could surge to as high as $6.20 a gallon by August, which would be more than double the price a year ago.


Motor fuel is taking over from diesel as the major focus of fuel supply fears, with the tightening market stretching a global refining system that was hit by closures over the last couple of years due to Covid-19. In Asia, gasoline margins have doubled to more than $33 a barrel since the end of March and have edged above those for diesel, which have eased from a peak in early May.

“The tightness in the Atlantic Basin, especially in the US, should continue to see Asian gasoline barrels pulled West,” said Dylan Sim, an analyst at FGE. “This will mainly come from India, with several major refineries in the country postponing their planned maintenance to August-September.”

Asia’s gasoline deficit will narrow from an estimated 260,000 barrels a day in June to 110,000 barrels a day in the three months through September as plants return from maintenance and the PRefChem facility in Malaysia ramps up, the industry consultant said in a note. That should provide more scope for the region’s processors to increase exports.

The Indian shipments are likely to come from private refiners like Reliance Industries Ltd. and Nayara Energy Ltd., as the state-run processors have an obligation to meet domestic demand. The nation’s gasoline exports jumped to a five-year high of 1.6 million tons in March, the latest available data show, and domestic prices that have remained unchanged since early April are incentivizing refiners to send as much fuel abroad as they can.

Factors that could limit the amount of gasoline Asia can send to the US would be a comeback in Chinese demand, or an acceleration in consumption in the rest of the region. Crude processing in Asia’s largest economy tumbled to the lowest in more than two years last month, but it could recover quickly if China can put the worst of its current wave of virus outbreaks behind it.

While China is yet to rebound from the hit to oil demand due to Covid-19, fuel consumption in South and Southeast Asia is recovering strongly as restrictions ease, said Max van der Velden, an analyst at Wood Mackenzie Ltd.

Posted by subwayzzz > 2022-05-21 17:01 | Report Abuse

To say all conventional cars running on fossil fuel will die in the future is akin to saying you know you will die in the future, why not dig a tomb and bury yourself now?

Flawed logic

Posted by subwayzzz > 2022-05-21 17:10 | Report Abuse

Many luxury car owners behave like cheapskates filling their tanks with subsidised fuel.

Driving great cars but low life.

Posted by subwayzzz > 2022-05-21 17:16 | Report Abuse

>> The worsening gasoline crunch looks set to buoy Asian refiners

Music to my ears!

Posted by gemfinder > 2022-05-21 17:38 | Report Abuse

Many luxury car owners behave like cheapskates filling their tanks with subsidised fuel.

Driving great cars but low life

Is tat u? Or u dun even own a merz?

Posted by subwayzzz > 2022-05-21 18:14 | Report Abuse

I drive myvi and I pump subsidised fuel. the car next to mine was Mercedes and filling subsidised fuel.

Is that you? You seem butthurt ?

Posted by Eric Lim > 2022-05-21 19:03 | Report Abuse

Hello, people drive Mercedes pay more taxes to the government, pumping few liters of subsidized fuel is not a big deal

Posted by subwayzzz > 2022-05-21 20:01 | Report Abuse

Oh

Some luxury car drivers actually need subsidised fuel and are still bothered by fuel price and not as rich as expected aka cheapskate.

So driving a Mercedes can’t ensure you are above the rest and also need subsidised fuel too.

Ok, got it.

Posted by gemfinder > 2022-05-21 22:12 |

Post removed.Why?

Posted by subwayzzz > 2022-05-21 23:30 | Report Abuse

Yalo drive Mercedes act rich but macam yes only. Still need subsidised fuel.

Posted by TanDavid88 > 2022-05-21 23:42 | Report Abuse

Posted by Eric Lim > 4 hours ago | Report Abuse

Hello, people drive Mercedes pay more taxes to the government, pumping few liters of subsidized fuel is not a big deal.
-----------------
Memang betul.

Posted by subwayzzz > 2022-05-21 23:53 | Report Abuse

Mercedes drivers are also bothered by fuel price , as opposed to

“ Luxury car drivers dun look at petrol px. Pls dun act like a fool “

Macam yes

Posted by subwayzzz > 2022-05-21 23:54 | Report Abuse

Hahaha ok.

It’s normal for rich guy wannabes

Posted by dompeilee > 2022-05-22 08:58 | Report Abuse

No different from fake rich jho low lor...his 'wealth' is actually stolen from taxpayers...yet he is secretly idolised by those with no integrity lol

Posted by stockraider > 2022-05-22 09:11 | Report Abuse

Go for it Petron loh!

High crack spread best mah!