Posted by Million78 > 2017-05-05 09:32 | Report Abuse

agree^^ salute

Posted by Million78 > 2017-05-05 09:33 | Report Abuse

now go doing gdex & eko business first

Posted by probability > 2017-05-05 11:22 | Report Abuse

hmm..connie delivered a baby and very happy attending..

hope we can have babyplane delivered earliest...

Posted by Jay > 2017-05-05 13:02 | Report Abuse

that would be early by their standards. the past result was mid to end May

Posted by 逍遥子 > 2017-05-05 13:17 | Report Abuse

@ Jay, I mean Petron Corp. last year they released the results at 5/5/2016

Posted by probability > 2017-05-05 13:22 | Report Abuse

oh...its papa-plane...hope he is out today.
baby-plane = 'like father like son'

Posted by Eggy Su > 2017-05-05 13:55 | Report Abuse

@逍遥子 Not 24/05/2016?

Posted by 逍遥子 > 2017-05-05 13:56 | Report Abuse

Petron Corp is the holding company of Petron Malaysia !

Posted by suregain > 2017-05-05 14:25 | Report Abuse

wti crude below usd44 only!!!

Posted by probability > 2017-05-05 14:32 | Report Abuse

sure-gain when crude price drop the spread - margin of refinery increases cause the refined oil price drop slower (lags) than the raw material crude oil price.....

the only negative aspect is the value of their refined oil or feed crude oil stock....but this effect only comes into factor when we see a difference in the crude price between the reporting period.

1st qtr ended 31st March..so it does not effect the results.

If crude price gains before 30June - then there is no net stock loss also for the next qtr results.

Actually the lower the crude oil price their cash flow will be higher per ton refined product sold.

Posted by probability > 2017-05-05 15:10 | Report Abuse

higher cash flow over Sales i meant...

Posted by 7skies > 2017-05-05 16:06 | Report Abuse

BUY

Posted by Million78 > 2017-05-05 16:23 | Report Abuse

good^^

Posted by paperplane2016 > 2017-05-05 16:30 | Report Abuse

end of game? Crude lower soon back to 30? 20?

Posted by Alex Lim Jun Xiong > 2017-05-05 17:19 | Report Abuse

Crude drop so much, Petron still can standing firmly.
I support, buy some lots to keep.

Posted by Lee Yih Yeong > 2017-05-05 17:58 | Report Abuse

luckily WTI recovery back.

Posted by Firefox > 2017-05-06 16:05 | Report Abuse

Hi 逍遥子，would you mind to post the report of petron corp here??

Posted by 逍遥子 > 2017-05-06 20:33 | Report Abuse

Not out yet

Posted by sheldon > 2017-05-07 09:12 | Report Abuse

Crude drop so much, Petron still can standing firmly - That's because Petron's throughput cost is lower in line with the drop in crude & it makes a % mark up thereof - Learnt from Probability.

Posted by Jay > 2017-05-07 21:55 | Report Abuse

my gut feel is crude oil was just pressed down by traders before trading it up before month-end OPEC decision because this round the drop was not supported by serious fundamental newsflow. anyway let's see how it goes

Posted by Million78 > 2017-05-08 09:11 | Report Abuse

CB so nice^^ suregain got bot ma

Posted by yesyesyes > 2017-05-08 11:00 | Report Abuse

seems like ..

Posted by Million78 > 2017-05-08 11:13 | Report Abuse

ok thks CB

Posted by paperplane2016 > 2017-05-08 11:14 | Report Abuse

hehe. you like CB also?

Posted by sheldon > 2017-05-08 11:14 | Report Abuse

surging ahead - I'm going to get the best single malt to celebrate this

Posted by paperplane2016 > 2017-05-08 11:27 | Report Abuse

HUAT AH

Posted by cheoky > 2017-05-08 14:18 | Report Abuse

So happy holding. Thx to very intelligence sharings by forumers here

Posted by 逍遥子 > 2017-05-08 14:52 | Report Abuse

Petron Corp just released it's 1st Qtr results with the net income of 5.6 billions peso (yoy surge 100%) ! In the report did mentioned that the Petronm contribution is 1.5 billions peso, which means that Petronm net income is estimated around RM130 mils.

Keep your figures crossed

Posted by Jay > 2017-05-08 15:15 | Report Abuse

from the PSE website, I click on the announcement, it pops out but nothing happen when I clicked download

Posted by Jay > 2017-05-08 15:27 | Report Abuse

逍遥子 mind sharing the report here? thanks

Posted by 逍遥子 > 2017-05-08 15:27 | Report Abuse

@Jay, it is the press release and I guess the financial statement will only be uploaded by today evening.

Posted by 逍遥子 > 2017-05-08 15:30 | Report Abuse

http://www.petron.com/web/Media/uploads/05_08_17_-_Media_Release_-_Petron_Posts_Record_Quarter,_Hits_P5.6_Billion_in_Net_Income_._._.pdf

Posted by Equityengineer > 2017-05-08 15:32 | Report Abuse

I buy CC

Posted by 逍遥子 > 2017-05-08 15:33 | Report Abuse

Market leader Petron Corporation continued its strong momentum in the first three months of 2017 posting a consolidated net income of P5.6 billion – the highest quarterly income in the company’s history – double the previous year’s first quarter earnings of P2.8 billion. Net income from Philippine operations grew 69% to P4.1 billion and accounts for 74% of consolidated figures while income from Malaysian operations surged 335% to P1.5 billion.
Petron’s exceptional performance in both markets is mainly due to its strong focus on more profitable segments, production of higher-margin fuels and petrochemicals, and aggressive market expansion.
In the Philippine retail segment, Petron’s volumes grew by another 6% while its LPG and Lubricants businesses grew by 5% and 16%, respectively. Currently, Petron has the highest network count with about 2,300 service stations – more than its next three competitors combined – which retail its cutting edge fuels and serves as outlets for its other products and services.
Petrochemical export volumes more than doubled over the period allowing Petron to capture better margins from benzene, toluene, mixed xylene, and propylene. Meanwhile, exports of fuels were lessened as more volumes were sold locally as part of the company’s strategy to optimize margins.
The company’s Malaysian operations also experienced steady growth with domestic volumes growing by another 6%, fueled by double-digit growth from the Commercial and Lubricants sectors.

Overall, Petron’s consolidated sales volumes grew to 26.2 million barrels, on track for another record-breaking year. First quarter 2017 volumes translated to revenues of P106.4 billion, 38% higher over the same period last year. Operating income improved by 54% to P8.9 billion.
“We are definitely setting our sights on an even better performance this year as we derive more benefits from our strategic investments. Demand for fuels remains strong coming from the transportation, aviation, and manufacturing sectors where we are well-entrenched and poised to grow,” Petron President and CEO Ramon S. Ang said.
Petron continues to be the leading innovator when it comes to fuels technology as it recently delivered the most advanced gasoline in country, the Blaze 100 Euro 6. The revolutionary fuel meets the most stringent technology and emission standards in the world (Euro 6b) and guarantees better performance, more mileage, cleaner engines, and lower maintenance costs.
“Since our fuels are locally-produced and formulated in our refinery, we can guarantee the quality and consistency of Petron fuels. We will continue to innovate and lead in fuels technology so we can put more savings in our customers’ pockets while improving air quality across the nation,” Mr. Ang concluded.

Posted by Equityengineer > 2017-05-08 15:34 | Report Abuse

How much was the contribution by petronM last quarter ??

Posted by Million78 > 2017-05-08 15:36 | Report Abuse

good^^

Posted by probability > 2017-05-08 15:46 | Report Abuse

Walao eh!

Posted by Million78 > 2017-05-08 15:46 | Report Abuse

? SIFU probability?

Posted by Equityengineer > 2017-05-08 15:47 | Report Abuse

Last q was 112 million..

Posted by Equityengineer > 2017-05-08 15:48 | Report Abuse

I think after 4 will surge somemore

Posted by Million78 > 2017-05-08 15:53 | Report Abuse

almost my tp... good luck guy

Posted by Jay > 2017-05-08 16:22 | Report Abuse

逍遥子 have you seen the previous petron corp results, when they mentioned Malaysia, does the figures tally?

Posted by Jay > 2017-05-08 16:23 | Report Abuse

just in case they have other non-listed biz here in Malaysia

Posted by Jay > 2017-05-08 16:24 | Report Abuse

RM130m if true is indeed mind blowing x1000 especially when last q got inventory losses

Posted by 逍遥子 > 2017-05-08 16:29 | Report Abuse

@ Jay, true they have unlisted business. So maybe $130 millions is a bit overrated.

Posted by Jay > 2017-05-08 16:34 | Report Abuse

Petron subsidiaries in Malaysia comprise of Petron Malaysia Refining & Marketing Bhd (“PMRMB”), a public company listed on the Main Board of Bursa Malaysia Securities Berhad, Petron Fuel International Sdn. Bhd., and Petron Oil (M) Sdn. Bhd. (from AR 2016)

Posted by 逍遥子 > 2017-05-08 16:35 | Report Abuse

However the $1.5 billions peso account for Petron Corp is only 73.39% income of Petronm + non listed business. Hence maybe the estimation of RM130 mils is not very far off target.

Keep the figures cross

Posted by Jay > 2017-05-08 16:35 | Report Abuse

Petron subsidiaries in Malaysia comprise of Petron Malaysia Refining & Marketing Bhd (“PMRMB”), a public company listed on the Main Board of Bursa Malaysia Securities Berhad, Petron Fuel International Sdn. Bhd., and Petron Oil (M) Sdn. Bhd.

Posted by Jay > 2017-05-08 16:40 | Report Abuse

if you look at AR, the other 2 subsi also buy and sell petroleum products to PetronM

Posted by kuokseng79 > 2017-05-08 16:46 | Report Abuse

petronm profit should be 178mil. because petron corp is hold 73%. Am I right?