PETRONAS DAGANGAN BHD
KLSE (MYR): PETDAG (5681)
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Last Price
17.26
Today's Change
+0.12 (0.70%)
Day's Change
17.10 - 17.30
Trading Volume
389,600
Overview
Market Cap
17,147 Million
NOSH
993 Million
Avg Volume (4 weeks)
872,894
4 Weeks Range
17.08 - 19.80
4 Weeks Price Volatility (%)
6.62%
52 Weeks Range
17.08 - 23.60
52 Weeks Price Volatility (%)
2.76%
Previous Close
17.14
Open
17.14
Bid
17.26 x 95,800
Ask
17.28 x 200
Day's Range
17.10 - 17.30
Trading Volume
389,600
Financial Highlight
Latest Quarter | Ann. Date
31-Mar-2024 [#1] | 21-May-2024
Next QR | Est. Ann. Date
30-Jun-2024 | 28-Aug-2024
T4Q P/E | EY
19.77 | 5.06%
T4Q DY | Payout %
4.81% | 95.08%
T4Q NAPS | P/NAPS
5.76 | 3.00
T4Q NP Margin | ROE
2.33% | 15.16%
Market Buzz
2024-06-27
2024-06-27
2024-06-27
News and Blogs
Related videos
Company Profile
Sector: CONSUMER PRODUCTS & SERVICES
Sector: CONSUMER PRODUCTS & SERVICES
Subsector: RETAILERS
Subsector: RETAILERS
Description:
Petronas Dagangan Bhd offers a variety of petroleum products and services to retail and industrial customers. As the leading revenue generator, retail operations are the leading focus of the company. In Malaysia, the retail business includes hundreds of retail stations that also serve as convenience stores. As a compliment to its network of retail stations, Petronas offers a loyalty program that allows members to accumulate points and redeem either fuel or selected items. The company?s other businesses include a commercial unit, liquefied petroleum gas unit, and a lubricants business. Through the commercial business, Petronas markets petroleum products in bulk to manufacturing, aviation, power, energy, agriculture, fisheries, and transportation segments.
Discussions
3 people like this. Showing 50 of 1,393 comments
Wah! you really a very patient investor who can hold this counter for 25 years without selling even it has already hit the highest of 30 dollars. I can't understand you buy shares for what, not for money or just for fun, hahaha..........
2 weeks ago
@Moneyontheway, according to the historic chart, it has not hit the highest of 30 dollars so far, the highest point was around 25 dollars only.
2 weeks ago
For Rapid counter yes, it has hit 30 dollars in December 2023. but not for Petdag.
2 weeks ago
@hcthey, i checked the historical chart and was confirmed that the highest share price for PETDAG was RM30.70 on 7/3/2014. i was hoping it would go higher and also to keep for dividend distribution. howcome you are using dollars?
2 weeks ago
all i can think is few index counters like petdag, klk, simeplt etc, all epf game, left hand throw to right hand.
2 weeks ago
@needluck, what can be the reason for sharp decline in the share prices of this counter. do you mean EPF buy and throw?
2 weeks ago
this might be why no announcement for the block of over 3 million shares bought at 19.88 on 31/5/2024
2 weeks ago
ya, a few counters always goreng up a period, and will fall again, for them to goreng up again. this is how local funds make money, this is all my own opinion.
2 weeks ago
so when it goes up a bit , do you sell and buy when it drops again? as for me, i just watch the fluctuation of the share price.
2 weeks ago
if some parties of profit drop, why eat up from the price of 19.22 to 19.80 about 3.26 million shares? who have the ability to buy so many shares, retailers?
2 weeks ago
Two possible reasons why the price drop.
1. Net profit down 25% last QR
2. Possibility of Aramco (Saudi) entering the market via Shell acquisition. This will elevate market share competition with newcomer promotion, reward campaigns.
2 weeks ago
Saudi Aramco is working hand in hand with Petronas Malaysia in the refinery fuel business in Johor. It is difficult to penetrate the local market which dominated by Petronas. Many fuel operators such as Shell etc giving up the Malaysia markets due to low profitability and gov regulations, thus, could not win against Petronas.
2 weeks ago
Believe gov would intervene if any fuel operators hurting Petronas business… therefore, buy and hold PetD with peace of mind…
2 weeks ago
Current share price of 17.70 is a sort of market value during Covid pandemic! Not now!
2 weeks ago
Value investors do the maths and should appreciate this golden opportunity to buy and hold!
2 weeks ago
It is a not a pride, but shame as Malaysians, looking at such poor share price performance by Petronas Dagangan!
2 weeks ago
Worse still, share price is selling cheap than companies producing alcoholic beverages!
2 weeks ago
Furthermore, Petronas Dagangan could drag KLSE index down! Goodness! It is time to proof that you r better and help the index up above 1800+!
2 weeks ago
Tenaga is doing really hard to help KLSE index up! It is your time to perform, Petronas Dagangan!
2 weeks ago
Petronas Dagangan faces twin share de-rating threats — CGS
https://theedgemalaysia.com/node/710733
KUALA LUMPUR (May 8): Petronas Dagangan Bhd (KL:PETDAG) faces a threat from Saudi Aramco’s possible entry into Malaysia’s fuel retailing market, on top of the impending withdrawal of fuel subsidies, CGS International warned.
Aramco is reportedly negotiating to acquire Shell’s 950 retail fuel stations in Malaysia, which if a deal materialises, could heighten competition in the country, CGS said. Aramco will rebrand the stations and will offer promotions to retain existing customers and attract new ones, it said.
That “could be a potential de-rating catalyst” for Petronas Dagangan, CGS said. While Petronas Dagangan has more than 1,000 retail fuel stations in Malaysia, Shell’s 950 stations probably register higher sales due to first-mover advantage and multiple strategic locations in high-traffic areas, it said.
Reuters reported on Monday (May 6) that Aramco has been in talks with Shell since late 2023 for the deal that could be worth up to US$1 billion (RM4.74 billion).
In 2012, Petron Corp of the Philippines acquired ExxonMobil’s Esso stations in Malaysia and went on to expand its network from 550 stations to 770 stations at present day. Its Malaysian venture company Petron Malaysia Refining & Marketing Bhd also rebranded the stations, and launched multiple promotional campaigns with loyalty points and prizes, CGS noted.
The result was that Petronas Dagangan’s retail fuel sales fell 2% in 2014 and 9% in 2015, while incurring higher advertising and promotional costs in order to keep up with Petron, CGS said. “Aramco could pursue a similar strategy as Petron,” it cautioned and maintained its “reduce” call on Petronas Dagangan.
In the nearer term, Petronas Dagangan is expected to report a decline in core net profit in the first three months of its financial year 2024 (1QFY2024), from RM302 million in the same quarter a year earlier (1QFY2023), due to suspension of flights by MYAirline and high commercial operating profits a year earlier, according to CGS.
On a quarter-on-quarter basis, CGS forecasts an increase in core net profit in 1QFY2024, from RM184 million in the final quarter of 2023 (4QFY2023), as a result of inventory gains and “wide” margin from the sale of jet fuel.
Further out, Petronas Dagangan will have to contend with a “high likelihood” of lower total volume of fuel subsidies by the Malaysian government from mid-2024, CGS said.
“We think that higher pump prices could encourage carpooling and disincentivise the unlawful moving of subsidised fuel to foreign countries,” which may ultimately reduce Petronas Dagangan’s sales volume, the research house said.
Petronas Dagangan’s retail sales volume probably grew 3% in 2023 and will see “zero growth” in 2024-2025, once retail diesel prices are no longer subsidised at the pump, “which may turn out to be optimistic,” CGS added.
2 weeks ago
Guess CharlieM sold PetD and wanna grab even lower price, way lower than Covid pandemic period! Sorry, PetD will never be yours forever!
2 weeks ago
May I ask CharlieM two basic questions?
Q1: Petronas/ shell / PetronM refilling MAS airplane fuel?
Q2: Petronas/ shell / PetronM refilling fuel for government cars, for instance: police car, ambulance, fire engines etc.
Would this be affected?
— smart investors would definitely know, Q1Q2 undoubtedly goes to Petronas Dagangan!
2 weeks ago
Last Question to CharlieM.
Would current PetD customers shift to ? Aramco with no track record of fuel selling in Malaysia before?
— answer is clearly NO! PetD would retain mostly old customers and new as well due to mesra customer loyalty and the spirit of Pro-Malaysian products and companies!
— it wil kill PetronM for sure!
2 weeks ago
That article is from TheEdge, analysis from CGS, not me. I’m just sharing because a lot of people here asking why PetDag falling..
2 weeks ago
@James, so do you think PDB will rebound and possibily hit RM30 again like in 2014?
2 weeks ago
Do you think PDB worth RM30? If yes, then you hold! If no, you take profit at the price that you comfortable with!
2 weeks ago
Once in the lifetime that you get the chance to join the business at such comfortable price range!
2 weeks ago
I opine that to reach RM30.00 again is unlikely to happen, to achieve RM21.00 to RM23.00 is more optimistic.
2 weeks ago
I think foreign funds shifting to a new generation of energy supplier-TENAGA. EVs, Data Centres, AI Industries-Microsoft, EVs, etc constantly increasing demanding for electrical energy. Whereas, Petroleum could be outshined. Local Institutional funds may be trying to support the stock which is the main revenue of the country.
2 weeks ago
You have to anticipate reduce in the next QR profit. The sales from diesel smugglers have ceased.
1 week ago
Belum lagi consider impact dari Ron95 bila remove subsidy….may drag this counter lower a little bit
1 week ago
James_Bond
Once in the lifetime that you get the chance to join the business at such comfortable price range!
1 week ago
This James_DOMB...really foolish! Simply claim that inferior Xiaomi is going to overtake Panamy, but this Cinaman can't see the writing on the wall for this coddled Petronas child who is finally being exposed to extreme competition...
Send all his followers to HORLAN as usual!🤣
1 week ago
Electric car is EV? How much does it cost in M'sia? Use electric car petrol become FOC? Any other cost using electric car?
mesoan
@james will PetD be made redundant? as electric cars become norm in 10 years.
3 days ago
2 days ago
James_Bond
Collected PetD at 17.28-17.40! Cheers!
5 days ago
James_BOMBED...😂...plunged to $17.08 only...xiao-mee-promoting chinaman running from crashing Shanghai stockmarket downgrading to m'sia to play stocks here out of desperation!🤣
1 day ago
if EV become common, people can charge car at home. No need to go to petrol station
16 hours ago
Finally pulled the trigger on my LOWEST-priced BUY of PetDag in my 10-year career trading this stock for $1,857 in capital gains & over $1,000 in dividends...@ $17.22! The previous lowest was $17.50 in Oct 2020 🤗
15 hours ago
@dompeilee, any hope to go beyond RM25, now it is lower than PetronasGas.
11 hours ago
No la...with the chinaman James_BOMB inside, probably rise to $20 by 4Q '24 in the most optimistic scenario.
8 hours ago
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moneyontheway
@hcthey, wah! you are really a rich man, doing business kah? normally you hold until you make a lot of profit or just some profit? as for me, i hold only 1 lot in this counter and one bonus issue for over 25 years but did not sell though it hit RM30 years ago.
i just do not know when to sell???
2 weeks ago