Posted by suregain > 2017-03-29 20:03 | Report Abuse

Tomorow how?

Posted by probability > 2017-03-29 20:15 | Report Abuse

That shows the Margin will be improved from previous quarter for the next 1 week at the least...but as usual market will react with price reduction as long as it is a reduction.

Keep the bullets handy for tomorrow...as you never know what they will announce the week after.

Posted by suregain > 2017-03-29 20:17 | Report Abuse

Aiya, last time petrol px oso got up n down ger la... As long as above rm2, stul make good profit

Posted by probability > 2017-03-29 20:38 | Report Abuse

See the month Jan 2017 crude price and the Petrol price on Jan which was RM 2.10. See the crude price now and the announced Petrol price to have a feel on the Margin. The exchange rate USD to RM in Jan was approximately the same as current level.

https://www.investing.com/commodities/crude-oil

http://www.xe.com/currencycharts/?from=USD&to=MYR&view=1Y

Posted by probability > 2017-03-29 20:52 | Report Abuse

https://www.investing.com/commodities/crude-oil-streaming-chart

Even if you ignore the fact that RM had marginally strengthened against USD comparing the Jan Month average to the last 1 week, we can see that the crude oil had rarely gone below 52USD on Jan as per above chart. The last 1 week of March it was trading at 48USD level.

This seem to be inline with my suspicion that they have another added cushion of 10-15 Cents (4 USD x 4.4 exchange rate).

Note: Even if one argues that we should see the MOPS values instead of Crude oil and probably its pricing are lagging behind crude...it does not justify this difference we see of 15 cents as MOPS figures changes almost instantly with the dip in Crude price (my estimate it does not lag by more than 2 days).

Posted by LA777 > 2017-03-29 20:54 | Report Abuse

Aiyo, why after I bought, it drop....

Posted by suregain > 2017-03-29 20:56 | Report Abuse

La77 wat px u buy?

Posted by zexon > 2017-03-29 20:57 | Report Abuse

With new price floating mechanism, oil refinery and retail operator like Petron would not make loss for sure.

Posted by LA777 > 2017-03-29 21:00 | Report Abuse

suregain, I bought son average 41sen.

Posted by probability > 2017-03-29 21:03 | Report Abuse

Yes...it will make Petron very much like Petdag ( the stock loss / gain phenomenon can be eliminated).

Posted by zexon > Mar 29, 2017 08:57 PM | Report Abuse

With new price floating mechanism, oil refinery and retail operator like Petron would not make loss for sure.

Posted by suregain > 2017-03-29 21:03 | Report Abuse

Wow tinggi tu... Now cannot sleep ka?

Posted by LA777 > 2017-03-29 21:04 | Report Abuse

I am fine with it. Just hold long term.

Posted by 逍遥子 > 2017-03-29 21:06 | Report Abuse

@ probability, you should look at Brent instead of Crude, as for Malaysia market Brent Oil is the source.

Posted by Zenithopia > 2017-03-29 21:21 | Report Abuse

So tomorrow another panic buy or sell ?

Posted by LA777 > 2017-03-29 21:22 | Report Abuse

I will buy to average down my cost.

Posted by Zenithopia > 2017-03-29 21:22 | Report Abuse

I guess panic buy , what say you?

Posted by Zenithopia > 2017-03-29 21:23 | Report Abuse

Bullish trend still there, how?

Posted by probability > 2017-03-29 21:24 | Report Abuse

逍遥子, Brent should follow Crude price approximately right..
anyway, even if use Brent, it was like above 55USD on Jan and its about 51USD last week. Difference is still ~ 4 USD and comes approximately RN 0.10 (10 cents) per liter Fuel.

https://www.investing.com/commodities/brent-oil

Posted by 逍遥子 > 2017-03-29 21:28 | Report Abuse

Agree with what u said above, however there is one more factor need to be considered that is refinery margin, as Jan/Feb 2017 the margin is higher as compared to Mar 2017. Still the operator will be benefited from above pricing mechanisms

Posted by probability > 2017-03-29 21:39 | Report Abuse

If Refinery Jan Margins were higher compared the last one week of March, then the MOPS values (refined products) would have been even higher on Jan compared to last week March.

Since the local RON95 price between this 2 period is approximately the same (2.10 vs 2.13) it further reinforces my assumption that there is an added buffer now on the Automatic weekly pricing mechanism.

Posted by 逍遥子 > 2017-03-29 21:40 | Report Abuse

Having say that, the refinery margin had climbed back to 4 weeks high since last one or two days.

If this can sustain, Petronm is heading for a record earning year. Keep the figures crossed

http://m.timesofindia.com/business/international-business/asia-naphtha/gasoline-cracks-supported-by-strong-demand/articleshow/57894051.cms

Posted by paperplane2016 > 2017-03-29 21:42 | Report Abuse

Son expires Jul. How to hold longterm

Posted by paperplane2016 > 2017-03-29 21:43 | Report Abuse

I guess, petronm got limited downside,but upside chance much much higher loh

Posted by Pusher_Punisher > 2017-03-29 21:44 | Report Abuse

play mother la.. dont chase cb.. worried got burn esp those not experienced in trading..

Posted by Zenithopia > 2017-03-29 21:45 | Report Abuse

Hope u are right , Paper-plane. Bull Is still around for petronm.

Posted by stockmanmy > 2017-03-29 21:50 | Report Abuse

petron sure down tomorrow

Posted by zexon > 2017-03-29 22:10 | Report Abuse

Some one want to buy at cheap price here,haha

Posted by paperplane2016 > 2017-03-29 22:13 | Report Abuse

Petronm sure up tomorrow onwards. As price volatility worry now no more for station

Posted by Zenithopia > 2017-03-29 22:19 | Report Abuse

Still bullish trend. Who is selling?

Posted by suregain > 2017-03-29 22:22 | Report Abuse

Tomorow testing rm6.66

Posted by LA777 > 2017-03-29 22:25 | Report Abuse

Paperplane, buy cb can convert mother share later, right?

Posted by suregain > 2017-03-29 22:27 | Report Abuse

Dun buy cb la.. Ex date too close, ppl will skip

Posted by zexon > 2017-03-29 22:28 | Report Abuse

The beauty of Petron Malaysia is can profit from both refinery segment and retail business. Unlike Petdag which only has retail segment and Heng yuan which has only has refinery business. You may refer to Petron Philippine 2016 annual report and you will sleep tight all night

Posted by suregain > 2017-03-29 22:28 | Report Abuse

If wan to convert to mother, directly buy mother saje.. Y nak buat bnyk bnyk hal

Posted by zexon > 2017-03-29 22:29 | Report Abuse

Can buy CB, next QR will release on May. No worry

Posted by zexon > 2017-03-29 22:30 | Report Abuse

This CB is call warrant, not warrant issued by Petron.

Posted by LA777 > 2017-03-29 22:31 | Report Abuse

suregain, true also, will learn from mistake, thanks for the advice. Anyway, if it does not go up, will just convert to mother share later.

Posted by bizzybone > 2017-03-29 22:32 | Report Abuse

Call warrants can't be converted to shares. CWs are issued by market makers i.e. banks/security firms.

How do you guys invest when you don't even know what you're buying?

Posted by LA777 > 2017-03-29 22:32 | Report Abuse

zexon, thanks for sharing.

Posted by Zenithopia > 2017-03-29 22:39 | Report Abuse

Oil prices edged higher on Wednesday, adding to gains after data showed that U.S. crude supplies rose less than expected last week, easing concerns over a global glut.

What say you?

Posted by Zenithopia > 2017-03-29 22:40 | Report Abuse

Timing.

Posted by Pusher_Punisher > 2017-03-29 22:44 | Report Abuse

call warrant high return also high risk.. if timing right can make lots of money but usually retailers kena trap with the profesional trader / banks.. ur money ur choice

Posted by Pusher_Punisher > 2017-03-29 22:45 | Report Abuse

recent call to buy cb might be to dump their cb to you.. otherwise petronm still cun.. got potential but question is whether management can deliver or not. pe 7 sure soo cheap one

Posted by suregain > 2017-03-29 22:47 | Report Abuse

Oil px rebound!!!! Got hope tomorow

Posted by Zenithopia > 2017-03-29 22:47 | Report Abuse

Then they are really bad hearted

Posted by Zenithopia > 2017-03-29 22:47 | Report Abuse

Suregain , tomorrow no worry. Sleep tight.

Posted by LA777 > 2017-03-29 22:48 | Report Abuse

What to do, dumb dumb hold lor.

Posted by paperplane2016 > 2017-03-30 00:31 | Report Abuse

Call warrant can't convert la. Only warrant issue by company can.
But like Jay said last time, result in May. If no surprise mother record breaking, then stock revalued!
RM 9 by Jul shall be reasonable

Posted by stockmanmy > 2017-03-30 01:09 | Report Abuse

I do not know why anyone bothers to buy Petron .

Every thing they do is subject to Petronas approval. They never get the good locations,

Their earnings are predictable, and more competition coming.

oh..and price of Ron 95 just drop by 17 sen.

and you probably do not understand their accounting policy for stocks, or the policies governing retail prices.

Posted by stockmanmy > 2017-03-30 01:10 | Report Abuse

Exxon surrenders..why bother to buy what Exxon do not want.?