Posted by James_Bond > 2024-07-04 11:27 | Report Abuse

Worse still, if more people buying EV on certain incentives etc, then this would drag PetDag revenue and profit even lower.

Posted by James_Bond > 2024-07-04 11:31 | Report Abuse

Based on this uncertainties, investors prefer to sell and stay away first. Some might find this as opportunity and aim for short term rebound. Risks and rewards. You balance it and make the decision. Hope it helps.

Posted by moneyontheway > 2024-07-04 11:37 | Report Abuse

@James, how come petronasGas is not affected? How about other OGSE stocks like Hibicus, etc? so do you expect dividend to be much less too?

Posted by James_Bond > 2024-07-04 11:39 | Report Abuse

PGas supplying to factories/ commercial area. Please do your homework.

Posted by James_Bond > 2024-07-04 11:41 | Report Abuse

Hibiscus is selling crude oil and natural gas only. Demands are there. Buyers need this crude oil for its derivatives to make into certain products to make profits.

Posted by moneyontheway > 2024-07-04 11:45 | Report Abuse

so at what price do you dispose Petdag? i regret for not selling when it was Rm30 over years ago. how much profit were you able to make from this stock?

Posted by James_Bond > 2024-07-04 11:52 | Report Abuse

Sorry this is very personal. Thanks

Posted by moneyontheway > 2024-07-04 11:56 | Report Abuse

just for sharing, even if you tell, nobody will rob you. in other counter like maybank, we share how much we have made, so in TSH , everyone is so friendly, just mention , nobody will eat u up into bones.

Posted by dompeilee > 2024-07-04 14:39 | Report Abuse

Uncivilized? Such acute irony! CHINAmen (& women) are worldwide famous for uncivilized behaviour...letting their children pee in open public places, talking loudly everywhere & anywhere...This James_BOMB Chinaman is a refugee from plummeting CHINA stocks & with his shrinking fortune can only afford cheap M'sian stocks. Trying to lure in innocent newbies to earn subscription but can't even sell Petronm at the right time($4.90 instead of $5.19 like I did the day b4 ex-dividend) & now claim to have sold PetDag in petty fury with no apparent profit just because someone else beat him @ getting the lowest price. Uncouth & indisciplined & will only drag his followers to losses💸

Posted by moneyontheway > 2024-07-04 15:28 | Report Abuse

so what is your advice, dompeilee? so i sell or hold on , hoping for the rebound one day and waiting for miracles to happen?

Posted by invest8912 > 2024-07-04 15:37 | Report Abuse

RM17.08 tested few times and hasn't break, I would say hold.

Posted by moneyontheway > 2024-07-04 16:49 | Report Abuse

@invest8912, thank you for answering. do you own many lots? can share a bit how much your entry price.

Posted by mesoan > 2024-07-04 19:22 | Report Abuse

There's strong incentive for gov to roll out EV, as it can save on Ron95 subsidy. By then, everyone can charge at home. PetD will be obselete

Posted by dompeilee > 2024-07-09 10:08 | Report Abuse

Go,GOOOOO PetDag!!!🤗😘😍

Posted by moneyontheway > 2024-07-09 10:49 | Report Abuse

any hope to go beyond RM20, DOMPEILEE?

Posted by zzprozaz > 2024-07-10 08:27 |

Post removed.Why?

Posted by CharlieM > 2024-07-11 17:40 | Report Abuse

If next QR profit goes down the stock price goes down too. Since the sales from diesel smugglers almost gone, logically this will reduces revenue and profit for the coming QR.

My prediction, technically it may test 10 year low at RM 14+..

Posted by moneyontheway > 2024-07-12 11:35 | Report Abuse

@charles, any hope for it to go back to RM20?

Posted by CharlieM > 2024-07-12 11:49 | Report Abuse

It is possible if you give it enough time frame, like 2-5 year..

Posted by moneyontheway > 2024-07-12 11:53 | Report Abuse

so do you intend to sell your stock of PDB? will it go lower cos of EV?

Posted by moneyontheway > 2024-07-12 11:56 | Report Abuse

WHAT DO YOU THINK WILL HELP TO PUSH UP THE PRICE LATER ON AS THE SCENARIO WILL STILL BE THE SAME LIKE NO SMUGGLING, LESS REVENUE?

Posted by speakup > 2024-07-12 12:47 | Report Abuse

Petdag PE 20
Petronm PE 5

Posted by stevenckheng > 2024-07-12 14:10 | Report Abuse

wont break 17 ?

Posted by stevenckheng > 2024-07-12 14:12 | Report Abuse

why petdag price to book value so high, PE and dividend also loss petron, but still high price ?

Posted by speakup > 2024-07-12 15:25 | Report Abuse

Govt funds support Petdag at high price

Posted by James_Bond > 2024-07-12 15:29 | Report Abuse

Sold all my PetDag shares! Thanks!

Posted by Needluck > 2024-07-12 15:32 | Report Abuse

17 broke!

Posted by James_Bond > 2024-07-12 15:40 | Report Abuse

Uncivilized lady would rock the boat and bring you to Holland and thus submerging in the ocean…

Posted by moneyontheway > 2024-07-12 16:17 | Report Abuse

@james, are you making a loss?

Posted by invest8912 > 2024-07-12 16:24 | Report Abuse

Technical bearish. But no point cutting loss below RM17. Just take dividend every quarter and wait for better time to dispose.

Posted by moneyontheway > 2024-07-12 16:31 | Report Abuse

@invest8912, do u have any hope for it to go back to RM20? DO U OWN MANY LOTS?

Posted by moneyontheway > 2024-07-12 16:34 | Report Abuse

will it get worse instead or a rebound?

Posted by James_Bond > 2024-07-12 17:25 | Report Abuse

I bought it up to average down and then sold it at even, not at a loss. Thanks.

Posted by moneyontheway > 2024-07-15 11:33 | Report Abuse

@charlie, when will it rebound? i am rather worried!!!

Posted by James_Bond > 2024-07-15 11:35 | Report Abuse

Serve you right for not listening!

Posted by moneyontheway > 2024-07-15 14:16 | Report Abuse

@invest8912, @hcthey, what are your opinions???

Posted by dompeilee > 2024-07-15 15:25 | Report Abuse

Bought MORE PetDag @ $16.78...this battle of attrition is easier to win than in 2014, when I started buying @ $22+ & it crashed all the way to $14.52. Even though my eventual average for 12 lots was $20.50, I eventually SOLD ALL of it on the way up, a large chunk too early, below $22, in fact. Now I only have 173 shares as a start. Lots of room to average DOWN as it falls!🤗

Posted by moneyontheway > 2024-07-15 15:39 | Report Abuse

so are you continuing buying without any fear it might crash?

Posted by James_Bond > 2024-07-16 19:34 | Report Abuse

When crashing, said sold early. When moving up, said bought low.
We know your pathetic pattern, uncivilized lady!

Posted by invest8912 > 2024-07-16 22:29 | Report Abuse

@moneyontheway, if you are so worried that means you bought too many lots already. I don't know how high it can go, but index counters can move up or down suddenly eg. During triple witching day or even month end when funds try to jack up the index.

Posted by 167697 > 2024-07-17 17:26 | Report Abuse

Major bottom at this price or around here. Drop more buy more, How many more stocks in KLSE has major bottom and long time frame. Very few. Just collect with only limited downturn

Posted by dompeilee > 2024-07-18 07:06 | Report Abuse

I'm having much more fun in Japan. Yesterday's dividend from 13 companies listed there, including expensive stocks Ogura Clutch, Mochida Pharma & Honda-linked Shindengen Electric totalled MORE than each of the months of the last 11 years which earned the least: Feb '22, May & Feb '20, Oct '19, Aug '16, Sep '15 & Apr '13:
https://stocklaser.blogspot.com/2024/07/

Posted by moneyontheway > 2024-07-18 08:49 | Report Abuse

@167697, do you mean this stock will rise above RM20 like last time as you said 'drop more buy more'? when subsidy is removed and with the introduction of EV, can the company make more revenue and profits?

Posted by yeinemesis > 2024-07-18 17:53 | Report Abuse

Fed Govt debt RM1.22trillion as of end April 2024. Pmx needs fund to pay increment for civil servants salary promise by year end involving RM10billion. Salary is a monthly commitment. So Ron95 subsidy cut will be next in line after diesel. This counter may drop even further. May rely further EPF support when any downward in price occur. RM20 looks impossible.

Posted by kong73 > 2024-07-19 11:49 | Report Abuse

Fuel is essential and demand for it is inelastic. If the subsidy remove demand may drop temporary only. Fuel demand will be back to normal again as Malysian love their cars

Posted by moneyontheway > 2024-07-19 13:46 | Report Abuse

@Kong73, can you provide your phone no. or can i contact you personally? i hope you can provide more about the future needs of the fuel as EV is on the way to be implemented into Malaysia. if i write something here, Mr JamesBond is firing at me.

Posted by mf > 2024-07-19 13:55 | Report Abuse

Bursa to deliver strong 2Q results as trading activity surges — CGS
By Ishra Kamiso / theedgemalaysia.com
19 Jul 2024, 01:17 pm

KUALA LUMPUR (July 19): Bursa Malaysia Bhd (KL:BURSA) may report an 8.2% year-on-year (y-o-y) growth in net profit for the second quarter ended June 30, 2024 (2QFY2024), thanks to robust trading activity in the capital market, CGS International said.

Quarterly net profit will probably come in at RM82.5 million, lifting first-half earnings to RM157.5 million, according to CGS in a results preview note. That would be above market expectations, accounting for 55% of the Bloomberg consensus full-year estimate, it noted.

If the write-back in sales and service tax recorded in 2QFY2023 is excluded, net profit would have been 71% higher in 2QFY2024, CGS flagged. Bursa is scheduled to announce the results by month end.

“Bursa is a key beneficiary of the pickup in trading activity in the capital market,” CGS said. The house raised its target price to RM11.10 from RM8.70, and kept the stock on an ‘add’ call, equivalent to a ‘buy’ recommendation.

The average daily trading value of the equity market more than doubled y-o-y to RM3.62 billion in 2QFY2024. In the derivatives market, the daily average rose nearly 10% to 85,600 contracts.

Income generated from the equity market accounted for 48.4% of Bursa’s 1QFY2024 revenue, while derivatives made up 14.1%.

“In addition, we are encouraged to observe an across-the-board increase in trading activity of all major types of investors in Malaysia’s equity market,” CGS said.

The forecast for 2QFY2024 also took into account 'flattish' other income — including fees for listings, depository services, market data, member services and connectivity, conferences and exhibition-related income — CGS said. All in, The research house raised its FY2024-FY2026 earnings per share forecasts by 17%.

For FY2024, CGS is calling for a net profit of RM303.8 million, or 38 sen per share, above the consensus estimate of 35.9 sen per share.

Shares in Bursa have climbed 43% so far this year, thanks to the surge in trading activity and a slew of initial public offerings, while analysts remain bullish on the stock. A majority of 10 out of 15 research houses covering the counter have a ‘buy’ call, while the rest have ‘hold’ ratings, according to Bloomberg.

The stock has also blown past the consensus 12-month target price of RM9.25, and was trading at RM9.89 at Friday's noon trading break.

Posted by Boyour > 2024-07-22 22:04 | Report Abuse

EV still not reliable here..look at at the resale value of EV now...scary lol,,in 3 years ll be in scrap yard

Posted by yeinemesis > 2024-07-24 08:57 | Report Abuse

https://theedgemalaysia.com/node/719790
Petronas may lose part of revenue to Petros, capex may be hit — RHB IB

Posted by dompeilee > 2024-07-26 15:16 | Report Abuse

In this type of mkt can still stand above $17.30! Cool! Another BIG FAIL by James_BOMB!🤣