Posted by Johnzhang > 2022-05-25 11:16 | Report Abuse

The sharks’s action has successfully induced forced selling or margin call which further put downward pressure on stock price . This exactly meeting the sharks’ objective.

Posted by romulos > 2022-05-25 11:32 | Report Abuse

Agree with you Johnzang.Dont sell, instead buy on dip. Or just hold. Nothing dip forever.

Posted by mf > 2022-05-25 11:36 | Report Abuse

warning

Posted by mf > 2022-05-25 11:39 | Report Abuse

warning

Posted by sheldon > 2022-05-25 11:45 | Report Abuse

Johnzhang - i think and mainly HOPE that your point is valid - dump the shares to force margin players without deep pockets to sell, further aggravating the downward pressure so that the profiteers may pick the shares up for a song.

I hope I got that right.

Posted by mf > 2022-05-25 11:53 | Report Abuse

warning

Posted by supersinginvestor > 2022-05-25 11:56 | Report Abuse

Blood bath scary....

Posted by param1 > 2022-05-25 12:20 | Report Abuse

today the joker has buried the dark knight ....but he will arise again soon soon

Posted by supersinginvestor > 2022-05-25 12:37 | Report Abuse

Its ok i support my fren seldon n buy petronm..
Yummy...

Posted by Cakes Moon > 2022-05-25 13:33 | Report Abuse

Buy now & regret later.

Posted by Sslee > 2022-05-25 13:45 | Report Abuse

Market Cap:20,962 Million
NOSH:993 Million
Avg Volume (4 weeks):372,806
4 Weeks Range:20.56 - 21.98
4 Weeks Price Volatility (%):38.03%
52 Weeks Range:18.26 - 22.30
52 Weeks Price Volatility (%):70.30%

Market Cap:1,693 Million
NOSH:270 MillionAvg Volume (4 weeks):1,681,212
4 Weeks Range:4.83 - 7.61
4 Weeks Price Volatility (%): 51.80%
52 Weeks Range:4.05 - 7.61
52 Weeks Price Volatility (%):62.36%

Above PETDAG Vs PETRONM.
What is PETDAG and PETRONM Net profit for last year? and latest Quarter?
Why Petronm market cap only RM 1,693 million compare to PETDAG of RM 20,962million?

Is the current sell down on Petronm an opportunity to buy/topup?

Posted by supersinginvestor > 2022-05-25 13:58 | Report Abuse

I will buy n havr been adding this morning. Cos my average is low so its ok..
ALL IN HUAT AH

Posted by supersinginvestor > 2022-05-25 15:32 | Report Abuse

If everyone selling then no more sellers only direction is up lorr
.my simple mind says that..easy...

Posted by Johnzhang > 2022-05-25 16:21 | Report Abuse

@sheldom, look at the price swing today . It tell us something.


Posted by sheldon > 4 hours ago | Report Abuse

Johnzhang - i think and mainly HOPE that your point is valid - dump the shares to force margin players without deep pockets to sell, further aggravating the downward pressure so that the profiteers may pick the shares up for a song.

I hope I got that right.

Posted by GrowthCapitalist > 2022-05-25 16:31 | Report Abuse

The IB is quite generous here! Those who never participate and now will give 2nd chance to participate. This is the longest wick ever! I just feel like riding on a glove stock! Shark always scare everyone with at least 15% drop then up 30%. haha! Glove stock is a good rally and experience!

Posted by param1 > 2022-05-25 17:17 | Report Abuse

GrowthCapitalist-exactly my thoughts

Posted by Sslee > 2022-05-25 20:08 | Report Abuse

The retail price of RON97 petrol will be higher by 37 sen at RM4.70 per litre.
1 barrel equal to 159 liter.
Hence RON 97 is RM (4.70 x 159)= 747.30/ barrel
Usd to MYR 4.40
Hence 1 barrel of RON97 is USD(747.30/4.40) USD 169.8 / barrel.

Crude brent oil USD 112.5/ barrel.
Different RON 97 and Crude Brent oil is USD 57.3/ barrel.

Posted by Michael Tan > 2022-05-25 20:08 | Report Abuse

Promise of Profits Has US Fuelmakers Shifting Into a Higher Gear

Posted by sheldon > 2022-05-25 21:27 | Report Abuse

Noted that Johnzhang - tq.

On that conviction I managed to buy, break out in cold sweat and sell - all within 1 trading day, pocketing something more than pocket change!

Posted by dompeilee > 2022-05-26 07:22 | Report Abuse

I stopped selling since my last sale @ 7.27 a few days ago...still holding 57.9% of my original stake

Posted by dompeilee > 2022-05-26 07:25 | Report Abuse

My friend who reminded me of the stock's attractiveness @ 4.50-4.60 in Mar(& caused me to quadruple my stake at the time) already bought 4,000 but was too hasty to exit @ 6.04 before the climatic explosion up. Although he earned $6k but I think he's privately fuming that the stock is still way above his exit point lol

Posted by hng33 > 2022-05-26 11:19 | Report Abuse

PetronM increase crude storage capacity by ADDITIONAL 500,000 barrel in Q3 2021 is TIMELY, as its stockholding gain will be close and comparable to Hengyuan already

Posted by hng33 > 2022-05-26 11:20 | Report Abuse

Upcoming PetronM result will be both increase profit margin on refining and higher stockholding gain

Posted by hng33 > 2022-05-26 11:23 | Report Abuse

PetronM is third largest retail petrol station, just short close to Shell. It have being most aggressive expansion as recent Malaysia increase petrol station are mostly monopoly by PetronM.

Petrol station offer PetronM steady income as retail selling petrol profit margin is highly protected by gov subsidy

Posted by soon2795 > 2022-05-26 11:25 | Report Abuse

Hibiscus already report 10x profit.

Heng Yuan & PetronM profit should go to the moon.

Posted by hng33 > 2022-05-26 11:31 | Report Abuse

Hengyuan and Petronm, both will record windfall profit due to expanding crack spread margin+ huge stockholding gain

Posted by investor2021trading > 2022-05-26 11:39 | Report Abuse

Retailers have vy little say on PetronM stock price as its nosh is only 270m n 73.40% is owned by Petron Oil & Gas Int. Sdn. Bhd.

Posted by hng33 > 2022-05-26 11:55 | Report Abuse

Even as the price of crude oil continues to rise—raising the input costs for refiners—refined products prices have risen more, increasing the spread and beefing up the bottom line for refiners.

The crack spread is the difference between the price of crude oil and the price of refined products, which include gasoline, distillates, diesel, and jet fuel

Mr Sslee have quota example how gross refinery profit margin can be calaculated by taking one of the refiner product, gasoline as example as show below. Remark: Jet fuel profit margin is higher than gasoline
The retail price of RON97 petrol will be higher by 37 sen at RM4.70 per litre.
1 barrel equal to 159 liter.
Hence RON 97 is RM (4.70 x 159)= 747.30/ barrel
Usd to MYR 4.40
Hence 1 barrel of RON97 is USD(747.30/4.40) USD 169.8 / barrel.

Crude brent oil USD 112.5/ barrel.
Different RON 97 and Crude Brent oil is USD 57.3/ barrel.

These USD 57.3/barrel is gross profit margin, if take into operation cost, the profit margin will be USD 30/barrel = current crack spread

Posted by hng33 > 2022-05-26 12:02 | Report Abuse

Here is latest petrol price for Malaysia, it Clearly show even crude oil have stabilize around USD110, but, a significant hike in petrol price is happening now, wider the profit margin for refiner

https://ringgitplus.com/en/blog/petrol-credit-card/petrol-price-malaysia-live-updates-ron95-ron97-diesel.html

Posted by investor2021trading > 2022-05-26 12:08 | Report Abuse

looking forward to d 20 cent dividend n strong recovery after ex-date (price adjustment)!

Posted by Johnzhang > 2022-05-26 12:12 | Report Abuse

Very hard to explain the recent unusual price drop and wild swing within a day. Total shorts for Petron on 25/5 was only 26,200 share only with RSS, IDSS,PSSand PDT included. Short selling can not explain it.
It was a coordinated attacks to bring price down, caused panic to traders and weak holders , diminishing buying interest, caused margin calls and forced selling and that spiraling the price down . The sharks will have no more room to manipulate when margin trades are squared off and retailers are not giving in. I think that day is near the corner.

Posted by supersinginvestor > 2022-05-26 12:21 | Report Abuse

I can buy more.
:-))))

Posted by hng33 > 2022-05-26 12:40 | Report Abuse

RON 97 retail price is RM 4.70

RON 95 retail price is RM 2.05 + Gov subsidy RM 2.45

Posted by supersinginvestor > 2022-05-26 12:45 | Report Abuse

Ok ok i m buying...dont worry i top up again today...

Posted by Karma4444 > 2022-05-26 13:42 | Report Abuse

The more u buy the more u lose

Posted by supersinginvestor > 2022-05-26 13:50 | Report Abuse

:-0

Posted by supersinginvestor > 2022-05-26 14:04 | Report Abuse

ALL IN
HUAT AH

Posted by supersinginvestor > 2022-05-26 14:45 | Report Abuse

Ok bought aldy for today..huat ah

Posted by subwayzzz > 2022-05-26 15:00 | Report Abuse

U turn from abyss

Posted by subwayzzz > 2022-05-26 16:18 | Report Abuse

wish you heng heng with petronm

Posted by kl_guy > 2022-05-26 17:08 | Report Abuse

petronm eps 39sen . next quarter will be double 80sen . Ong Heng Huat

Posted by Ravi Kumar > 2022-05-26 17:09 | Report Abuse

Profit up 76% QonQ wow

https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=3042

Posted by Primeinvestor > 2022-05-26 17:09 | Report Abuse

huat chai, next quarter will triple likely to RM300m

Posted by param1 > 2022-05-26 17:15 | Report Abuse

next quarter triple

Posted by dompeilee > 2022-05-26 17:18 | Report Abuse

Just hold as much as I can & hope to collect as much of the 20c dividend that I can...not an easy thing to resist panicking & running with markets all around so sickly

Posted by investor77 > 2022-05-26 17:22 | Report Abuse

Petron capacity is half of Heng Yuan. So if profit is 106 mil for Q1, maybe Heng Yuan profit will be double. Seems due to Inventory Gain, plus high Gross Refinery Margin, maybe HYuan profit can touch around 300 mil !! with high crack spread of US 30, profit wil be enormous for capacity of 150,000 barrels/ day.

Posted by meistsk3134 > 2022-05-26 17:25 | Report Abuse

please up

Posted by Sslee > 2022-05-26 17:32 | Report Abuse

Loss on derivatives RM 230,011,000.
Hopefully next quarter will be better.

Posted by Goldberg > 2022-05-26 17:42 | Report Abuse

Very impressive PAT of RM106.4 million for the last QR with EPS of 39.4 sen.

Posted by klsejeff88 > 2022-05-26 17:43 | Report Abuse

If loss on derivatives is only 25,737 like last year, then result will be more power