Posted by dompeilee > 2023-09-06 10:05 | Report Abuse

In paper profit once again!On top of all the capital gains & dividends! 🤗

Posted by NorAfan > 2023-09-06 11:40 | Report Abuse

crack spread naik lagi?

Posted by subwayzzz > 2023-09-06 14:55 | Report Abuse

njhl

Posted by NorAfan > 2023-09-07 14:45 | Report Abuse

ape njhl?

Posted by sheldon > 2023-09-08 09:45 | Report Abuse

Steep drop in crack spread but still on positive territory.

I thought when price of oil goes up the crack spread also goes up. Looks like no such correlation exists.

Posted by NorAfan > 2023-09-08 11:42 | Report Abuse

Sy rasa negara lain ada simpan byk minyak semasa harganya jatuh ke $68 sana. Sebab tu crack spread tak berapa naik skrg...

Posted by subwayzzz > 2023-09-19 16:27 | Report Abuse

rafizi just hinted that "subsidi bersasar" will be tabled in parliament in the upcoming budget. can anyone explain how it impacts the local refiners ?

Posted by NorAfan > 2023-09-20 18:20 | Report Abuse

Makna Harga petrol akan naik kerana subsidi yg terhad and bersasar

Posted by speakup > 2023-09-20 18:32 | Report Abuse

Ya, petrol ron95 kita akan rm4/liter
Untung duit di bursa tapi kasi balik di pam

Posted by subwayzzz > 2023-09-21 11:45 | Report Abuse

rm4/liter menolong kitaran wang dalam ekonomi dari bursa ke pam petrol stesyen haha

Posted by NorAfan > 2023-09-21 15:13 | Report Abuse

Inflasi akan naik lagi di Malaysia

Posted by NorAfan > 2023-09-26 16:18 | Report Abuse

Harga petrol dah naik: RON 97 + 10 sen

Posted by mf > 2023-09-26 16:19 | Report Abuse

European stocks largely lower; investors fret over rising yields
Stock Markets
Investing.com - European stock markets largely retreated Tuesday, as investors fretted on the prospect for a period of elevated...

Posted by NorAfan > 2023-09-27 14:12 | Report Abuse

Harga petrol di Europe tinggi sgt. Inflasi sedang naik di Europe

Posted by GrowthCapitalist > 2023-09-28 18:07 | Report Abuse

https://www.bloomberg.com/news/articles/2023-09-23/ecb-s-villeroy-says-fuel-jolt-won-t-affect-2-inflation-in-2025?srnd=economics-central-banks

Posted by NorAfan > 2023-10-02 11:13 | Report Abuse

Haha, won't affect 2%. Cara utk menenangkan hati penduduk mrk

Posted by sheldon > 2023-10-05 05:05 | Report Abuse

Subsidi bersasar is not good for Petron as it'll mean less consumption/demand of petrol and less sales at the pump. Don't know how it'll be operationalised.

This dumb management should realise that it should start to pay a lot more dividends. Why? 2 reasons - because it can afford to and to make up for the poor share price performance.

Posted by SincereStock > 2023-10-05 09:59 | Report Abuse

sold all at Rm4.50 (average cost was RM4.495, loss the broker fee + stamp duties), decided to quit this counter as this might be a sunset business with gov strongly pushing for EV and EV will rise in foreseeable future.

I think automobile counters like MBMR, UMW & SIME might still survive by venturing into EV manufacturing itself, but petroleum sales will goes down in future and EV charging business hardly a profitable substitutes business for pertol station as EV charging can be done else where like shopping mall and especially at home.

please correct me if I am wrong

Posted by sheldon > 2023-10-05 10:26 | Report Abuse

It'll take sometime before the full impact of EV kicks in. If Petron is impacted, so will PetDag. The Gov maybe shooting itself on the foot with this EV move. The old batteries will present an environmental headache.

In the meantime I hope this paid Board/Management is anticipating the impact and taking steps to adapt to the realities. Are they planning to continue to proudly announce the number of stations they're opening annually? Do they have something up their sleeves as to how to make money the network of stations?

Maybe with the high NTA with a lot not reflecting the current market value, the devious ones may just keep the prices low & then peanuts over and above to takeover/privatise the company (Like what Canone did to Kian Joo).

Posted by SincereStock > 2023-10-05 11:03 | Report Abuse

so it is just matter of time regardless, market usually react faster preemptively

indeed PETRONM is so much safer with NTA protection as compared to PETDAG, but I think takeover / privatise might not be that much viable if the business is going down sunset as it's assets, which mostly petrol stations, vehicles and facilities won't worth that much as book value since the business not going to be profitable anymore.

PETDAG high price above NTA is a lot danger seriously but gov under Anwar will care less about PETRONM I think if you know why haha

Posted by sheldon > 2023-10-06 04:14 | Report Abuse

With almost double NTA over share price perhaps a takeover with asset-stripping in mind

Posted by SincereStock > 2023-10-06 10:19 | Report Abuse

only double NTA as in assets' book value, total equity of 2.29m made up by 2.08m of properties, plant, equipments and investment properties.

I wonder how much those assets can be sold to real cash when petrol stations business is in sunset mode

Posted by HafizAjiad98 > 2023-10-11 08:47 | Report Abuse

PE hanya kira-kira 8x saja, masih murah

Posted by HafizAjiad98 > 2023-10-12 17:41 | Report Abuse

tengok sama ada kerajaan akan menghentikan subsidi utk petrol RON 95 atau tidak besok...

Posted by hhhiii123 > 2023-10-13 20:19 | Report Abuse

Monday should fly lol...

https://www.thestar.com.my/news/nation/2023/10/13/budget-2024-diesel-subsidies-to-be-restructured

Posted by HafizAjiad98 > 2023-10-16 09:07 | Report Abuse

Ya..naik sikit semasa buka pasaran

Posted by Azam Sahlan > 2023-10-23 13:32 | Report Abuse

anyone knows the relationship between oil price vs petrons profit?

Posted by TakeProfits > 2023-11-02 18:24 | Report Abuse

Dear SSLee, how do you rate Petron at this moment in time as an investment.?
Thank you. Need Your astute analysis comment.

Posted by Zhuge_Liang > 2023-11-14 10:09 | Report Abuse

Sslee,
Please give your Q3 Sept 2023 result after Petronm Philippine announced Q3 result.
Your forecast is always very accurate.
Tq.

Posted by Sslee > 2023-11-14 10:38 | Report Abuse

Sorry I just saw the comment in petronm.
From Petron corp news

Consolidated revenues for the first nine months stood at P587.3 billion albeit lower than the previous year’s P631.1 billion as prices corrected from their extraordinarily elevated levels last year due to the Russia-Ukraine conflict. While international prices started to rise again in the third quarter, the YTD September average of benchmark Dubai crude closed at almost $82 per barrel, still down 18 % from the same period in 2022.

Despite recording lower revenues, the Group’s operating income rose by 64%, reaching P27 billion from 2022’s P16.5 billion driven largely by the strong volume growth. This improvement allowed the company to absorb the more than 50% increase in financing cost, ending the nine-month period with a consolidated net income of P9.5 billion, 16% higher than last year’s P8.2 billion.

Posted by Sslee > 2023-11-14 10:42 | Report Abuse

Should be good quarter 3 for petronm. When petron corp release it Q3 financial report in next few days then from petron corp Q3 net profit after tax attributed to non controlling shareholders you can work out what is Q3 net profit after tax for Petronm

Posted by Sslee > 2023-11-14 10:45 | Report Abuse

Petron corp hold 73.4% of Petronm

Posted by Sslee > 2023-11-14 10:49 | Report Abuse

I trade on petronm. I bought for dividend and after dividend I sold most of my petronm.

Posted by Zhuge_Liang > 2023-11-14 10:52 | Report Abuse

Sslee,
Thank you for your comments and good news.

Please give your Q3 Sept 2023 result after Petronm Philippine announced Q3 result.

Posted by MagicalBobby > 2023-11-14 10:53 |

Post removed.Why?

Posted by newbird33 > 2023-11-14 14:50 | Report Abuse

0.30

Posted by Diamond7 > 2023-11-14 16:24 | Report Abuse

Vow!
Petronm moving up up up..
Must be excellent quarterly report coming!

Give la bonus!

Posted by Diamond7 > 2023-11-14 16:25 | Report Abuse

Or a very special dividend!

Posted by dompeilee > 2023-11-14 17:15 | Report Abuse

Luckily I retained 2 biji unlike some ppl who profess to be value investors but are just price gamblers 🤣

Posted by sheldon > 2023-11-14 20:54 | Report Abuse

Don't get too excited. They could be playing on your anticipation of a good quarterly to pump and dump.

Posted by Sslee > 2023-11-15 07:50 | Report Abuse

Petron corp q3 end 30/9/23 result out:
Peso million
Net income: 3,366
Attributable to:
Equity holders of parent company: 3,102
Non contrlling interest: 264

Since Petron corp hold 73.4% Petronm hence
Petronm income = Peso 264/0.266 =992.48 million
AT 30/9/23 1 RM =12.07 Peso
Q3 net profit= RM992.48/12.07= RM 82.227 million

Posted by Sslee > 2023-11-15 07:51 | Report Abuse

https://www.petron.com/investor-relations/our-disclosures/

Posted by Dehcomic01 > 2023-11-20 08:07 | Report Abuse

In my latest blog article, I covered Petron Malaysia ( https://www.youtube.com/watch?v=YrMdgjFHHaU ) and showed that it is not a value trap. My investment thesis can be summarized as
• As of 30 Oct 2023, Petron Malaysia was trading at about half of its Asset Value and EPV. With the Asset Value about the same as the EPV, I have great confidence in the margin of safety.

• The Group suffered due to the measures taken to control Covid-19. With this behind us, it should deliver better profitability. However, this was impacted by high crude oil prices.

• The Group is financially sound and while there is the threat of the disruption of the petrol station business model, it is not imminent

A comparison between the past decade ROE and share price trend showed a discrepancy. You can see that the market price has yet to reflect the improved ROE. Is this an investment opportunity?
https://i.postimg.cc/5tR4njp0/Petron-M.png

Posted by investor_lauzy > 2023-11-20 12:49 | Report Abuse

Or perhaps the market sentiment for PETRONM is not good due to all the buzz ard EV and sustainability?

Posted by sheldon > 2023-11-20 22:00 | Report Abuse

TQ Sslee

Posted by sheldon > 2023-11-20 22:16 | Report Abuse

Noted TQ also to Dehcomic01

Posted by Sslee > 2023-11-23 17:57 | Report Abuse

Petronm Q3 EPS is 30.33 sen and price RM 4.64
Petdag Q3 EPS is 18.60 sen and price RM 22.86

Posted by up2up > 2023-11-23 19:15 | Report Abuse

This type of pricing valuation senario only can happen in Malaysia🤣

Posted by StingRay > 2023-11-23 19:19 | Report Abuse

Malaysia investors invest based on emotion and not facts lah. 🤣

Posted by TakeProfits > 2023-11-24 13:50 | Report Abuse

Happy to see these few days peyron share price up a bit. Wah now is 4.63...
Real vely funny..
Petron EPs higher than petdg and Peyton no of shares may be lesser than petdg, but Petrons share price is so much lower. And IB dunno how they analyse that Petron price tgt is so low one.
Haiz.
Sslee, please do more for Petrons share price !!