PETRONM (3042): Financials Summary, Key Results, Growth

Expecting a poor result as refining crack spread is poor.

2 months ago

Where can find data on refining crack spreads?

2 months ago

Sslee, would you share your knowledge about crack spread, or any website that i could refer to? I wish to learn more about this. TQ

2 months ago

For your reference:
Gasoil/diesel crack spread chart (historical highest level range)
https://www.tradingview.com/symbols/NYMEX-GOC1%21/
https://www.investing.com/commodities/nymex-singapore-gasoil-platts-c1-futures-historical-data
Kerosene/ jet fuel crack spread (at historical highest range level)
https://www.tradingview.com/symbols/NYMEX-ASD2!/
Gasoline/petrol RON 92 crack spread spread chart (normalize level range)
https://www.tradingview.com/symbols/NYMEX-D1N1%21/
SINGAPORE MOGAS 95 UNLEADED (PLATTS) FUTURES
https://www.tradingview.com/symbols/NYMEX-AV02%21/
Brent crude oil
https://tradingeconomics.com/commodity/brent-crude-oil

2 months ago

Petron Phillipine already announce Q2 end 31/6/2024 result.

2 months ago

Petron corp q2 end 31/06/24 result out:
Peso million
Net income: 2,090
Attributable to:
Equity holders of parent company: 2,045
Non controlling interest: 45

Since Petron corp hold 73.4% Petronm hence
Petronm income = Peso 45/0.266 =169.17 million
AT 30/6/24 1 RM =12.4 Peso
Q2 net profit= RM169.17/12.4= RM 13.64 million

2 months ago

This is very helpful. TQ

2 months ago

Indeed crack spread has gone down.

2 months ago

Post removed.Why?

2 months ago

Post removed.Why?

2 months ago

Current Ratio 1.26
Debt-Equity (DE) Ratio 1.08
FCF Yield 34.41 %
Revenue QoQ 3.43 %
Revenue YoY 21.73%
Profit QoQ 68.28 %
Profit YoY -35.89 %

2 months ago

Mike/John-tikus copy and paste without knowing what he paste hence still trapped inside HRC penthouse 44 floor.

2 months ago

I had predicted Petronm n HRC Point 3 n Point 4 correctly when sslleee asked me ..

Oh when ssleee promoted Petronm at RM 7.00 in Insas … I am posted is in Point 1 peak Range … ethical Sifu 3iii posted Market is on Sale …

Note : Point 1 - Peak Range … Point 2 - Slide down … Point 3 - rebound with Swing Swing Swing … Point 4 - Down trend …

2 months ago

Post removed.Why?

2 months ago

Aiyoyo Mike-tikus punya TA told him HRC floor 44 is the bottom floor hence trapped himself inside HRC 44 floor untill now. Kasien!

2 months ago

Oh , need to repeat ke … I bought HRC at RM 4.40 , 200 share only …. Did not sell even Petronm latest QR is bad before HRC QR at 4.55 to 4.60 , as for case study :  

 1) See Sslleee Crack here Crack there Crack his Head at both Petronm n HRC  

 2) referred to sslleee idol Conartist Callvin in TSH .. what is the result of did not cutwin at range 1.80 but following his call keep averaging down every 10 sen down ..

P/s : I had predicted Petronm n HRC Point 3 n Point 4 correctly when sslleee asked me .

2 months ago

Aiyoyo cheap people Mike-tikus only can afford to buy 200 share.
Mind also telling trapped inside jaks how many shares and at which floor?

2 months ago

Aiyoyo cheap people Mike-tikus only can afford to buy 200 share.
Mind also telling trapped inside jaks how many shares and at which floor?

2 months ago

Post removed.Why?

2 months ago

Post removed.Why?

2 months ago

Me in Petronm forum to give informations
Is cheap people Mike-tikus come to Petronm forum to seek attention?

2 months ago

Post removed.Why?

2 months ago

Post removed.Why?

2 months ago

Post removed.Why?

2 months ago

All i could say the info Sslee provided are helpful

2 months ago

Crack spread for refinery is increasing ?

2 months ago

speakup

How u know?

2 months ago

I dnt know. That's y I asked

2 months ago

aklobi

Bought Petronim today @4.41

2 months ago

Buy during weakness 😁
https://www.eia.gov/finance/markets/products/prices.php

2 months ago

Thursday is usually results day for Petron. Good, Expected or Bad?
Where's our genuis who can work out Malaysian's performance from Phillippine parent?

2 months ago

Repost
Posted by Sslee > Aug 15, 2024 3:55 PM | Report Abuse X
Petron corp q2 end 31/06/24 result out:
Peso million
Net income: 2,090
Attributable to:
Equity holders of parent company: 2,045
Non controlling interest: 45

Since Petron corp hold 73.4% Petronm hence
Petronm income = Peso 45/0.266 =169.17 million
AT 30/6/24 1 RM =12.4 Peso
Q2 net profit= RM169.17/12.4= RM 13.64 million

2 months ago

speakup

There's the Genius!

2 months ago

TQ Sslee.
What rotten results!

2 months ago

Learner68

Thanks to SsLee for the analysis.

2 months ago

Just as I thought after HengYuan released its QR ...

2 months ago

Although the Profit had dropped significantly i.e. half year from 149m to 83m and quarterly from 40m to 13m, I can't seem to clearly figure from their explanation as to why. Is it bad English or BS?

2 months ago

They didn't explain in detail, apparently

2 months ago

aklobi

Bought more @4.30 today

2 months ago

AzlanIshtiqal

Sy tunggu RM4 baru hentam ...

2 months ago

Dow Jones

Dow Jones Industrial Average

40,345.41

-410.34

1.00%

Nasdaq

NASDAQ Composite

16,690.83

-436.82

2.55%

2 months ago

AzlanIshtiqal - tak makan ka?

1 month ago

Two sinochem oil refineries declared bankrupt as margins plunge

https://theedgemalaysia.com/node/726927

1 month ago

StarOfTheBull

This one follows Hengyuan. Better take profit and run.

1 month ago

U.S. crude oil jumps more than 3%, closes above $77 as market waits for Israel strike against Iran
Published Mon, Oct 7 20247:20 AM EDTUpdated 2 Hours Ago

1 month ago

Income

Makan

1 month ago