Posted by SuperPanda > 2022-08-25 19:14 | Report Abuse

i did it intentionally so you would remember it and not making mistake, pls re visit this in 2 month if you dont believe me

i was taught the same way and now im a learned person, you'll be grateful later

Posted by Johnzhang > 2022-08-25 19:19 | Report Abuse

Learn to be humble and learn some manners. Don’t jump to conclusion that other who put forth a different perspective from yours is deemed loser! Moreover, you have no bloody idea the investment strategies of other. Read carefully what you said !

Posted by SuperPanda > 40 minutes ago | Report Abuse

why you cannot take the fact and learn from it? many has failed in this market due to ignorance and you might be one of them

Posted by Goldberg > 2022-08-25 19:34 | Report Abuse

KUALA LUMPUR (Aug 25): Petron Malaysia Refining & Marketing Bhd’s net profit rocketed to all-time high of RM183.48 million for the second quarter ended June 30, 2022 (2QFY22), more than four times of RM42.01 million achieved a year ago.

The oil refiner said the sustained hike in prices resulted in strong regional refinery cracks, improvement of overall margins and lifting of operating income to RM362.32 million, more than five-fold from last year's RM66.51 million.

On the back of this, its quarterly earnings per share ballooned to 68 sen from 15.60 sen, according to the bourse filing. However, the group did not declare a dividend for the quarter under review, despite the strong set of earnings.

Petron, however, pointed out that its earnings were affected by mark-to-market loss provision on outstanding commodity hedges.

Quarterly revenue more than doubled to RM5.6 billion from RM2.03 billion, due to strong crude oil prices.

For the cumulative six-month period (1HFY22), Petron said its net profit expanded to RM289.86 million from RM145.01 million last year, as revenue spiked 133% to RM9.4 billion as compared to RM4.03 billion.

The solid earnings for the cumulative period were on the back of a higher sales volume ― 16.4 million bbls as compared to 13.1 million bbls ― coupled with the higher oil prices.

Looking forward, Petron said while the waning impact of the pandemic aided global demand for oil to recover, it noted that the oil market remains volatile due to ongoing supply risk concerns arising from geopolitical conflicts and narrow spare production capacity among major oil-producing countries.

https://www.theedgemarkets.com/article/petron-posts-record-breaking-net-profit-2qfy22-strong-oil-prices-widen-margin

Posted by Johnzhang > 2022-08-25 19:51 | Report Abuse

“Petron, however, pointed out that its earnings were affected by mark-to-market loss provision on outstanding commodity hedges”

The provision mentioned above is $167 mil. Hopefully a significant portion of the provision will be reversed and add to the profit of Q3.

Posted by Sslee > 2022-08-25 19:57 | Report Abuse

Petronm is not Petdag because Petronm is PMRMB Petron Malaysia Refinery and Marketing Berhad whereas Petdag is PETRONAS DAGANGAN BHD. Only Marketing Bhd without refinery.

Posted by Johnzhang > 2022-08-25 20:04 | Report Abuse

@SSlee, how do you related the PEx and share price in the posting below? As far as A NEWBIE understand, PE multiple is always base on full year or 12 months earnings.
Could it be the ‘expert’ put words into your mouth?
Hahaha…
————————-
Posted by SuperPanda > 2 hours ago | Report Abuse

As Sslee mentioned, he would sell Petron at the PE of 10 to 15

PE 10 --> RM 6.8
PE 11--> RM 7.48
PE 12--> RM 8.16
PE 13 --> RM 8.84
PE14 --> RM 9.52
PE 15 --> RM 10. 2

So do you due diligence and sell accordingly.

cc : TakeProfits

Posted by Cakes Moon > 2022-08-25 20:12 | Report Abuse

Tomorrow RM10!!!
No play play.

Posted by Sslee > 2022-08-25 20:14 | Report Abuse

Petronm 2021 EPS is 88.3 cents.
A PE10 is 10 X 0.883= RM 8.83

Posted by Sslee > 2022-08-25 20:17 | Report Abuse

Johnzhang

“Petron, however, pointed out that its earnings were affected by mark-to-market loss provision on outstanding commodity hedges”

The provision mentioned above is $167 mil. Hopefully a significant portion of the provision will be reversed and add to the profit of Q3.

The provision when realised during maturity date will be offset by realised inventories gain.
So it did not matter whether provision become realised or not.

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

Haha…I like your reply .
The answer is on the wall.

Posted by Sslee > 21 seconds ago | Report Abuse

Petronm 2021 EPS is 88.3 cents.
A PE10 is 10 X 0.883= RM 8.83

Posted by Johnzhang > 2022-08-25 20:28 | Report Abuse

Q2 2022 delivered the best ever quarterly profit .
—————————-

KUALA LUMPUR (Aug 25): Petron Malaysia Refining & Marketing Bhd’s net profit rocketed to all-time high of RM183.48 million for the second quarter ended June 30, 2022 (2QFY22), more than four times of RM42.01 million achieved a year ago.

Posted by Johnzhang > 2022-08-25 20:42 | Report Abuse

Hi Sslee, my understanding is different. If the hedging loss is realized in the operating qtr itself , the loss shall be compensated by the higher GP. In this case , the future expected hedging loss is taken in advance and the financial impact will be different. Any reversal of provision made in previous qtr , if not utilized, will directly contribute to additional profit.

May @Probability give his professional view on this .
———————————-

Posted by Sslee > 10 minutes ago | Report Abuse

Johnzhang

“Petron, however, pointed out that its earnings were affected by mark-to-market loss provision on outstanding commodity hedges”

The provision mentioned above is $167 mil. Hopefully a significant portion of the provision will be reversed and add to the profit of Q3.

The provision when realised during maturity date will be offset by realised inventories gain.
So it did not matter whether provision become realised or not.

Posted by Sslee > 2022-08-25 21:53 | Report Abuse

Johnzhang
Hi Sslee, my understanding is different. If the hedging loss is realized in the operating qtr itself , the loss shall be compensated by the higher GP. (Right)

In this case , the future expected hedging loss is taken in advance and the financial impact will be different. Any reversal of provision made in previous qtr , if not utilized, will directly contribute to additional profit. (Right)

But the GP will be reduce by the same amout if you do 100% hedging covered.

Posted by Tobby > 2022-08-25 22:00 | Report Abuse

Man! The profit is so fatty! Thicker than the fattest pig around!

Posted by Sslee > 2022-08-25 22:11 | Report Abuse

Anyway thanks Johnzhang.
I hope I am wrong and the provision mentioned above is $167 mil. Hopefully a significant portion of the provision will be reversed and add to the profit of Q3.

Posted by Sslee > 2022-08-25 22:13 | Report Abuse

Tobby,
Wait untill you see the HRC Q2 profit.

Posted by kingoftradings > 2022-08-25 22:19 | Report Abuse

Derivatice loss more than reported profit. Beter sell. Hy is dangerous as well

Posted by Tobby > 2022-08-25 22:27 | Report Abuse

SsLee! Yeah, Hengyuan is another fatty pig around! I am sure Petron and Hengyuan buyers are the happiest investors in bursa right now!

Posted by hng33 > 2022-08-25 22:29 | Report Abuse

Net profit (EPS 68sen) is after net off derivative loss, if without derivative loss, net profit is double higher EPS RM 1.40). Since the crude oil price already decrease ,such derivative loss will writeback in next Q3

Posted by Sslee > 2022-08-25 22:41 | Report Abuse

Anyway the provision is non cash item.
Cumulative 6 month cashflow:
Operating Profit before change in working capital is RM 637,742,000.

Posted by Sslee > 2022-08-25 22:44 | Report Abuse

Government is very slow to reimbursed the fuel subsidise to Petronm and Petdag.

Posted by 888STOCK888 > 2022-08-26 04:27 | Report Abuse

Sialang Pet-cy~~~

Heng~

Ong~

Huatt ah~ =D

Posted by Johnzhang > 2022-08-26 05:40 | Report Abuse

Based on the price development in July/Aug for Diesel and jet fuel , coupled with lower crude price , we may see another equally good Q3 and Q4 too.

1. Gasoil/diesel crack spread chart (historical highest level range)
https://www.tradingview.com/symbols/NYMEX-GOC1%21/' target='_blank'>https://www.tradingview.com/symbols/NYMEX-GOC1%21/

2. Gasoline/petrol RON 92 crack spread spread chart (normalize level range)
https://www.tradingview.com/symbols/NYMEX-D1N1%21/' target='_blank'>https://www.tradingview.com/symbols/NYMEX-D1N1%21/

3. Kerosene/ jet fuel crack spread (at historical highest range level)
https://www.tradingview.com/symbols/NYMEX

Posted by Johnzhang > 2022-08-26 05:47 | Report Abuse

EPS 1H $1.07 .
Forecast EPS 2H $1.00 (?)
————————
Forecast EPS FY2022 $2.07 (?)

Realistic ?

Posted by Sslee > 2022-08-26 06:55 | Report Abuse

Hopefully Petronm can acheived a full year Operating Profit before change in working capital of more than RM 1 billion.

Posted by bsinvestor > 2022-08-26 08:44 | Report Abuse

limit up

Posted by sonyx123 > 2022-08-26 08:46 | Report Abuse

Doesn't seem like it can limit up, only 6 cents at opening

Posted by zacklim1688 > 2022-08-26 08:57 | Report Abuse

very impressive results. congratulations to all shareholders!

Posted by SuperPanda > 2022-08-26 09:55 | Report Abuse

stock market it not a place to behave, if you want to learn manner, go to school… the stock market is a mean place, your money will be taken out of your bank in a legal way

as today price slump, now you learnt a lesson.. thats what entitle you as a newbie
________________

Posted by Johnzhang > 14 hours ago | Report Abuse


Learn to be humble and learn some manners. Don’t jump to conclusion that other who put forth a different perspective from yours is deemed loser! Moreover, you have no bloody idea the investment strategies of other. Read carefully what you said !

Posted by AzlanIshtiqal > 2022-08-26 09:59 | Report Abuse

Bagus. Tahniah kepada pelabur-pelabur Petronm. Seperti yg saya percaya, ia akan mengumumkan keputusan Q2 yg cemerlang

Posted by BobAxelrod > 2022-08-26 10:02 | Report Abuse

Are you being sarcastic????

Posted by Johnzhang > 2022-08-26 10:41 | Report Abuse

Your parents never teach you manners? Make or lose , rich or poor must have manners mah !
———————
Posted by SuperPanda > 43 minutes Posted by SuperPanda > 43 minutes ago | Report Abuse

stock market it not a place to behave, if you want to learn manner, go to school… ago | Report Abuse

stock market it not a place to behave, if you want to learn manner, go to school…

Posted by hng33 > 2022-08-26 10:44 | Report Abuse

locked profit at 5.66-5.68

Posted by hng33 > 2022-08-26 10:45 | Report Abuse

to buyback if on more weakness

Posted by searchingmoney > 2022-08-26 11:22 | Report Abuse

relax...weekend approaching

Posted by SuperPanda > 2022-08-26 11:23 | Report Abuse

we are in the war field, manner is not required but you still didnt get the point

i’ll stop here bcoz petron daily chart dont look nice, i have sold my position this morning

keep on hoping and compare petdag eps vs petron and enjoy your time with red portfolio here.. good luck
____________
Posted by Johnzhang > 31 minutes ago | Report Abuse


Your parents never teach you manners? Make or lose , rich or poor must have manners mah !

Posted by BobAxelrod > 2022-08-26 12:28 |

Post removed.Why?

Posted by Johnzhang > 2022-08-26 13:53 | Report Abuse

If manner is not important in your life, what difference are you from a dog?

You don’t have to boost your ego here after seeing share price drop. It’s your money and no one cares. I don’t have to tell you what I do with my money .

Learn to be humble , respect diverse viewpoints and show basic manners which you don’t have .



by SuperPanda > 2 hours ago | Report Abuse

we are in the war field, manner is not required but you still didnt get the point

i’ll stop here bcoz petron daily chart dont look nice, i have sold my position this morning

keep on hoping and compare petdag eps vs petron and enjoy your time with red portfolio here.. good luck

Posted by SuperPanda > 2022-08-26 14:13 | Report Abuse

lol, everyone here are anonymous nickname and some are manipulator to cheat your money and you expect manner..

thats why you are a newbie and still cant accept the reality

i guess you are not going to success in stock market, so just quit or learn more from the experience b4 you lose more of your savings

this is sincere advice

Posted by probability > 2022-08-26 14:25 | Report Abuse

@superpanda, i think much people values Johnzhang's opinion than yours as he had shown integrity...

once you show disrespect and lack of integrity, eventually people no longer value your opinion..

your comments are just a waste of forum space then

no doubt there are no rules set in the real world including forum here....any meaningful interaction needs some basic social etiquettes, integrity, honesty, reliability etc..

these are unwritten rules for mutual benefit

Posted by probability > 2022-08-26 14:27 |

Post removed.Why?

Posted by subwayzzz > 2022-08-26 14:42 | Report Abuse

the trolls attack the stock because otb endorses it and they can ignore the results. it's more like a strawman


p/s i dont know who the fk otb is and im not a fan of him

Posted by OTB > 2022-08-26 14:54 |

Post removed.Why?

Posted by OTB > 2022-08-26 14:58 | Report Abuse

Johnzhang, Sslee and probability are all my good friends.
Did I ever attack them ?
Very disappointed with this nonsense.

Posted by Notime321 > 2022-08-26 15:07 | Report Abuse

I normally just lurking and read comment, but i must comment this. Bro, u r so god damn right!
Posted by probability > 38 minutes ago | Report Abuse

@superpanda, i think much people values Johnzhang's opinion than yours as he had shown integrity...

once you show disrespect and lack of integrity, eventually people no longer value your opinion..

your comments are just a waste of forum space then

no doubt there are no rules set in the real world including forum here....any meaningful interaction needs some basic social etiquettes, integrity, honesty, reliability etc..

these are unwritten rules for mutual benefit

Posted by 888STOCK888 > 2022-08-26 15:11 | Report Abuse

Be greedy when others are fearful!!!! =D


Sialang!!!!


Heng~

Ong~

Huatt ah~~~!!! =D

Posted by subwayzzz > 2022-08-26 15:22 | Report Abuse

otb why are you so sensitive?
im against the trolls not you!

Posted by OTB > 2022-08-26 15:28 | Report Abuse

the trolls attack the stock because otb endorses it
-------------
The record is here.
How my name is dragged here ?
I do not even know who is this troll.

Posted by subwayzzz > 2022-08-26 15:34 | Report Abuse

you're so sensitive and i now know why these people are after you
chill man

Posted by subwayzzz > 2022-08-26 15:40 | Report Abuse

lmao