The counter is being supported now from falling knife.. but it may not be long. Revenue is lower and profit is only 10% of the previous QR. Way below expectations. Monitor closely and buy on weakness. Gudluck everyone.
Please lah, even though I no longer hold Petron, I also realize that Petron's drop in sales are due to (1) lower crude oil price and (2) mandatory shut down! Otherwise, the result is commendable. In addition, Petron result also shows that refinery + gas stations offer a more stable operation by comparing Shell Refinery's 3rd quarter 2015 report with Petron's 4th quarter 2015 report.
We as investors should really do some basic studies before commenting and not spread nonsense news!
i dont understand why ppl expect a EPS above 20cents when there is a schedule maintenance in 4th Q, it is just like PETDAG... anyway i have collected more...
Many ppl forgot it was closed for 40days...so it was operating only about half the duration for the last q..that alone they are still able to generate Eps 6c..go figure
I have already reminded fayeTan about the maintenance issue when the time he/she sharing his/her blog "How much will PETRONM make in 4QFY15? Fair Value is RM10" which expecting a EPS that above 20cents in this 4Q. Nonetheless, i personally think this is still a good counter to hold with coming 20cent div. Happy investing all.
lowprofile fayeTan, there's expected to be a Maintenance Cost (supposedly) which might impact coming quarter report... any comment on this part? 16/02/2016 16:45
Petron has probably completed its impulse waves n is embarking on its first corrective wave down. Traders make $$ when they play the impulsive waves but lost back their $$$ when they play the corrective waves. Beware.
If u want to search for a reason, u can never find one. Some big funds which have bought earlier is cashing out. They are converting their paper profits into cold cash. For the joys of investment is in the selling.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
skyz
1,650 posts
Posted by skyz > 2016-02-26 11:43 | Report Abuse
tmrw wont drop la 晓雨霖, tmrw Saturday. lol