Its funny why investors didn't discover this extremely undervalued stock. 9-month this year already made eps 75 cents . Even assume 0 profit in Q4 at PE =10, this stock already worth RM 7.50And mind you , their competitor PETDAG now is RM 24.50 and PE >20.
And actually in term of eps for the first 3q, Petron actually earned more than PETDAG. So what's the logic of PETDAG RM 24.50 and Petron only 4.43 now ?!
On the macro side also in favour to Petron as crude oil price dropped 10 % last week alone to 9-year low . That favour further to Petron as their costs drop leading to better margin . For the past 3 q Petron net margin of mere 3% already net them RM 204 million profit !
Petronm really confidence with u . Your FUEL HAPPY program very effective. Your market share is increasing sharply n now malaysia no 2 in term of your latest revenue....congrate !
Yup, really good invest and we must support PETRONM by pumping at their stations. Well done for the company, I believe it will continue to climb up further after release of 4Q report and distribution of dividends coming soon probably earlier next year.
Maybe got someone pushing the share to sell but since that person already pushed it and not yet reach the supposed target price, so still worth waiting especially for those who just on boat
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....
leegolasee
101 posts
Posted by leegolasee > 2015-12-11 09:48 | Report Abuse
big news will be announced soon. pls stay tuned.