Posted by i4value > 2023-07-08 18:03 | Report Abuse

The potential disruption of the petroleum retailing business is still relevant today. https://focusmalaysia.my/petron-malaysia-the-hidden-transformation/. Moral of the story? Maybe avoid looking at long-term

Posted by dompeilee > 2023-07-12 09:24 | Report Abuse

L👀ks like it's gonna be very hard to buy back Petron @ below 4.50 from now till end-Aug...🙏

Posted by Diamond7 > 2023-07-16 09:22 | Report Abuse

Good if Petronm can shoot up again!
Very good profits every quarter
N it's NTA is high!

Wondering if Petronm can give us bonus....or split!

Posted by Diamond7 > 2023-07-16 09:25 | Report Abuse

Any forcast on this coming quarterly report?

Posted by dompeilee > 2023-07-17 09:43 | Report Abuse

See u guys @ 4.80 & higher by end-August ! ☝

Posted by Sslee > 2023-07-19 11:32 | Report Abuse

https://www.petron.com.my/investor-relations/corporate-governance/
Link above item 6. The 64th Petronm AGM minutes

Posted by Sslee > 2023-07-20 08:51 | Report Abuse

Dear MR. MANOJ DEVADASAN
General Counsel / Company Secretary / Manager-Human Resources/Compliance Officer

Thank you for alerting me that the Petronm 64th AGM summary of proceeding was posted on Petronm’s website;

My intention of an interim dividend during Petronm announcing the Q3 financial result at end Nov and payment on Dec or Jan is because most people would be very grateful to receive an extra income during year end or beginning of the year for festival celebration.

Currently I am monitoring Refine Finished Products and Brent crude price:

https://tradingeconomics.com/commodity/brent-crude-oil

https://www.investing.com/commodities/nymex-singapore-gasoil-platts-c1-futures-historical-data

https://www.tradingview.com/symbols/NYMEX-AV02%21/

https://id.tradingview.com/symbols/NYMEX-AKS1%21/

Petronm's retail station network should provide a stable income while the refinery should make some profit at current crack spread.

Hopefully this year earning will be better than last year and I am looking forward to another year of good dividend

Thank you
Have a good day

Best Regards
Lee Soon Sheng

Posted by dompeilee > 2023-07-27 17:05 | Report Abuse

They will not pay another dividend this year.

Posted by sheldon > 2023-08-01 05:25 | Report Abuse

I rely on handsome dividends to claw me out of an unimpressive overall capital losses

Posted by Sslee > 2023-08-02 09:05 | Report Abuse

Petron closes first half with P6.14 billion net income amid market challenges
Aug 1, 2023

Petron reports consolidated net income of P3.4 billion in Q1 2023
May 10, 2023

Posted by HafizAjiad98 > 2023-08-03 15:39 | Report Abuse

Macam mana keputusan q2nya?

Posted by dompeilee > 2023-08-04 07:37 | Report Abuse

My capital gains : dividend ratio for '22-'23 on Petron so far is still 4.3 : 1 despite earning the largest Petron dividend ever this year. If I didn't take profit when it ran up from $4.6 to over $7 last yr, the ratio would probably be reversed!

Posted by Zhuge_Liang > 2023-08-04 08:37 | Report Abuse

Sslee,
Please give your Q2 June 2023 result after Petronm Philippine announced Q2 result.
Your forecast is always very accurate.
Tq.

Posted by HafizAjiad98 > 2023-08-04 15:11 | Report Abuse

Sslee ade byk informasi dan pengetahuan dlm bidang o&g 🙂

Posted by HafizAjiad98 > 2023-08-08 12:18 | Report Abuse

Dia kerja dlm Petron?

Posted by Johnzhang > 2023-08-08 17:22 | Report Abuse

I think Q2 NPAT will surpass Q1's 40sen/share. That's already very impressive although not matching YOY. I am shifting some fund here again!

Posted by sheldon > 2023-08-09 04:41 | Report Abuse

High EPS, Low PE & High NTA = Sunset industry?

Posted by HafizAjiad98 > 2023-08-09 10:36 | Report Abuse

High EPS, Low PE & High NTA = Syarikat Mantap?

Posted by HafizAjiad98 > 2023-08-11 12:07 | Report Abuse

Tunggu Petronm mengumumkan q2 yg cemerlang selepas pilihanraya 😁

Posted by sheldon > 2023-08-15 11:08 | Report Abuse

A nice little family tree is growing on the board. Chairman/Exec Director's daughter at 37 is promoted from Asst VP to Exec Director! A very very fast track indeed. She must be awesome.

Posted by sheldon > 2023-08-15 15:00 | Report Abuse

Why the big drop when the crack spread shows an increase?

Posted by Sslee > 2023-08-15 17:23 | Report Abuse

Petron Corp Q2 result:
Net profit after tax Peso 2,743 million
Attributed to:
Equity holder: P 2610 million
Non controlling interest: P133 million.
Assume noncontrolling interest refer to Petronm which Petron hold 73.4% petronm thus noncontrolling interest is 26.6 %
MYR to Peso at 30/6/2023: 11.84
Thus Petronm NPAT: P133/0.266= P 500 million
MYR 500/11.84= RM 42.23 million

The negative balance of Equity reserves increased from P16.89 billion to P= 19.67 billion on account of the translation loss on investment in Petron Malaysia as a result of the weakening of Malaysian Ringgit against the US dollar.

Starting March 31, 2012, the Group’s exposure to foreign currency risks also arise from US dollar-denominated sales and purchases, principally of crude oil and petroleum products, of Petron Malaysia whose transactions are in Malaysian ringgit, which are subsequently converted into US dollar before ultimately translated to equivalent Philippine peso amount using applicable rates for the purpose of consolidation.

Oil Market
Year-on-year prices of Dubai declined by 22% to $79.0/bbl in 1H 2023 vs. $101.8/bbl in the same
period last year, with the global economic slowdown resulting to reduced economic activity.
Product cracks also weakened with gasoline cracks declining from $26.4/bbl in 1H 2022 to
$17.6/bbl in 1H 2023, diesel cracks from $36.6/bbl to $22.1/bbl, and kero-jet cracks from $27.7/bbl
to $20.2/bbl.

Can only hope Q3 will be a better quarter because of better crack spread and MY to strengthen against USD

Posted by Sslee > 2023-08-15 17:38 | Report Abuse

Note: Petron Corp H1 result/cumulative 6 months end 30/6/2023:
Net profit after tax Peso 6,142 million
Attributed to:
Equity holder: P 5,648 million
Non controlling interest: P494 million

Compare to H1 end 30/6/2022
Net profit after tax Peso 7,706million
Attributed to:
Equity holder: P 6,761 million
Non controlling interest: P945 million

Posted by dompeilee > 2023-08-15 17:41 | Report Abuse

I always get nervous near to qtrly report so I SOLD down to under 400 shrs now from 12k at the peak collecting maximum dividend while diversifying to other soon-to-come dividend payers since I'm pretty sure there's no more dividend coming here until Jun 24!

Posted by dompeilee > 2023-08-16 09:29 | Report Abuse

Sslee's brilliant analysis sparks a PLUNGE as weak holders anticipate a poor qtrly earnings report in less than a fortnight's time 😉

Posted by Sslee > 2023-08-16 09:42 | Report Abuse

If you look at current mogas95, diesel, jetfuel and brent crude price the crack spread is very high compare to Q2 or Q1. If this crack spread can maintain till year end then Q3 and Q4 should be a better quarter than Q1 and Q2.

Posted by Sslee > 2023-08-16 09:48 | Report Abuse

Q1 NPAT 108.7 million. EPS 40 3 cent
If Q2 NPAT 42.2 million. EPS 15.6 cent
So H1 EPS 55.9 cents

Year 2023 EPS should be more than RM1+

Posted by i3lurker > 2023-08-16 10:11 | Report Abuse

for petron H1 is not equal to H2

instances of H2 way less than H1 is more common
also H2 could be a loss

the eggs are hatching? be careful power failure all die

Posted by Zhuge_Liang > 2023-08-16 10:39 |

Post removed.Why?

Posted by Sslee > 2023-08-16 10:52 | Report Abuse

Whether H2 will be better or worst than H1 all depend on would be crack spread and USD to MYR exchange rate in H2 compare to H1.

You just need to monitor would be mogas95, diesel, jet fuel, brent crude and USD to MYR exchange rate in H2.

Posted by stockraider > 2023-08-16 10:53 | Report Abuse

Mkt do not value highly of Petron profits highly loh!
Bcos it deemed it not sustainable mah!

Better go for insas....very consistent earnings growth loh!

Posted by Sslee > 1 hour ago | Report Abuse

If you look at current mogas95, diesel, jetfuel and brent crude price the crack spread is very high compare to Q2 or Q1. If this crack spread can maintain till year end then Q3 and Q4 should be a better quarter than Q1 and Q2.


Sslee

2,206 posts

Posted by Sslee > 1 hour ago | Report Abuse

Q1 NPAT 108.7 million. EPS 40 3 cent
If Q2 NPAT 42.2 million. EPS 15.6 cent
So H1 EPS 55.9 cents

Year 2023 EPS should be more than RM1+

Posted by subwayzzz > 2023-08-16 10:57 | Report Abuse

if USD/MYR trending up, we can kiss goodbye to this stock

Posted by i3lurker > 2023-08-16 11:15 | Report Abuse

Interpretation of Gobbledygook: -
1) You dunno,
2) have no idea,
and
3) no one else has any idea either.

That about sums up your investment in Petron. 😁


Sslee

Whether H2 will be better or worst than H1 all depend on would be crack spread and USD to MYR exchange rate in H2 compare to H1.

You just need to monitor would be mogas95, diesel, jet fuel, brent crude and USD to MYR exchange rate in H2.

18 minutes ago

Posted by Sslee > 2023-08-16 11:36 | Report Abuse

At least I have some idea on glove and Petrol Chemical than "buy what you understand"👌

Posted by subwayzzz > 2023-08-16 11:43 | Report Abuse

investing in pmetal would generate better return than petronm

Posted by sheldon > 2023-08-16 12:12 | Report Abuse

TQ Sslee for your astute analysis.
15.6 sen EPS is decent enough. I've come across a host of other companies with pathetic earnings but lofty share price. This big elephant in the room is being ignored

Posted by investor_lauzy > 2023-08-16 12:41 | Report Abuse

I believe it's also because renewable energy is all the rage these days. Although decent, will foreign funds come for this stock? That's the key qns

Posted by i3lurker > 2023-08-16 13:23 | Report Abuse

You misunderstood.
This Theory says if you do not understand, you can still buy provided you understand that you do not understand.


Sslee

At least I have some idea on glove and Petrol Chemical than "buy what you understand"👌

1 hour ago

Posted by HafizAjiad98 > 2023-08-16 16:08 | Report Abuse

Makna Petronm punya q2 akan lebih buruk drpd q1?

Posted by Sslee > 2023-08-16 16:15 | Report Abuse

i3lurker You misunderstood.
This Theory says if you do not understand, you can still buy provided you understand that you do not understand

Agree ignorance is bliss. Only in Malaysia a PN17 company like CapitalA that twice postphone submitting PN17 regularisation plan and with below balance sheet:
Balance Sheet as at 31/3/2023 :
Net current liabilities: RM (8,524,896,000)
And Net total assets/total equity : RM (9,376,200,000)
Is now worth:
Market Cap: 4,631 Million
NOSH: 4,210 Million
Avg Volume (4 weeks): 30,966,036
4 Weeks Range: 0.82 - 1.10
52 Weeks Range: 0.56 - 1.10

Posted by dompeilee > 2023-08-17 09:41 | Report Abuse

I curi curi beli sebiji yesterday becos 4.40-4.50 is a good buying range since EV is still in relative infancy so there are a good few more years for this to ding-dong & earn some trading gains...⛽

Posted by sheldon > 2023-08-17 10:24 | Report Abuse

Since EV is looming, Petron is in danger of becoming extinct and share price extremely low relative to earnings, large dividend payouts would be the best balm for shareholders.

With half-year earnings at 56 per share coupled with previous years cumulative earnings net of dividends, it should be no problem to declare 50 sen dividends. Unfortunately it's dividends are constipated.

Posted by HafizAjiad98 > 2023-08-17 15:05 | Report Abuse

Masih awal lagi utk M'sia melaksanakan full ev ...

Posted by HafizAjiad98 > 2023-08-18 16:15 | Report Abuse

Hari-hari jatuh sikit...tunggu 4.20 baru kutip lagi

Posted by HafizAjiad98 > 2023-08-24 16:05 | Report Abuse

...tak ade tanda kejatuhan sampai hari ni. Keputusan q2 yg baik boleh dijangkakan?

Posted by investor_lauzy > 2023-08-24 16:49 | Report Abuse

You je yg jangka akan jatuh. Ni long term, q2 results x baik sangat. Tapi q3 and 4 yg meletup

Posted by dompeilee > 2023-08-25 09:17 | Report Abuse

Down 7c only, the day after the US markets plunged overnight. Not bad...though I regret a little buying back @ 4.49 recently. Thank goodness my most recent Tokyo-listed purchase went LIMIT UP 2day!🤗

Posted by HafizAjiad98 > 2023-08-25 16:01 | Report Abuse

blh tahan. Masih ade profit pd q2

Posted by HafizAjiad98 > 2023-08-29 18:24 | Report Abuse

Pengurusan risiko yg berhemat, pengurusan aliran tunai yg lebih efektif serta keberkesanan program kos penjimatan menyebabkan Petronm mencatat pendapatan operasi sebanyak RM70 juta

Posted by SincereStock > 2023-08-30 14:30 | Report Abuse

just bought a few PETRONM today between RM4.48 to RM4.50, entering my first petroleum retail counter,

hopefully the price is low enough now and future earning is good and consistent