PETRONAS DAGANGAN BHD
KLSE (MYR): PETDAG (5681)
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Last Price
17.24
Today's Change
-0.16 (0.92%)
Day's Change
17.14 - 17.46
Trading Volume
239,200
Details of Changes
Securities After Change
Transactions
| Ann. Date | Name | Details of Changes | Securities After Changes | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Date | Type | No. of Shares | Price | Direct (%) | Indirect (%) | Total (%) | ||||
Discussions
3 people like this. Showing 50 of 1,408 comments
It is a not a pride, but shame as Malaysians, looking at such poor share price performance by Petronas Dagangan!
3 weeks ago
Worse still, share price is selling cheap than companies producing alcoholic beverages!
3 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+!
3 weeks ago
Tenaga is doing really hard to help KLSE index up! It is your time to perform, Petronas Dagangan!
3 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.
3 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!
3 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!
3 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!
3 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..
3 weeks ago
@James, so do you think PDB will rebound and possibily hit RM30 again like in 2014?
3 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!
3 weeks ago
Once in the lifetime that you get the chance to join the business at such comfortable price range!
3 weeks ago
I opine that to reach RM30.00 again is unlikely to happen, to achieve RM21.00 to RM23.00 is more optimistic.
3 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.
2 weeks ago
Belum lagi consider impact dari Ron95 bila remove subsidy….may drag this counter lower a little bit
2 weeks 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
1 week 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 week ago
if EV become common, people can charge car at home. No need to go to petrol station
1 week 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 🤗
1 week ago
No la...with the chinaman James_BOMB inside, probably rise to $20 by 4Q '24 in the most optimistic scenario.
6 days ago
You should know what to do when uncivilized person texting in the forum… uncivilized people most likely lead others to holland… and copy smart investors buy call and stealing thunder away from them…
1 day ago
James_Bond
You should know what to do when uncivilized person texting in the forum… uncivilized people most likely lead others to holland… and copy smart investors buy call and stealing thunder away from them…
1 day ago
Honey, you're deluded, jaded & absolutely NUTS! I've been trading stocks while you were still in diapers & have been trading profitably in & out of PetDag since my first purchase here in May 2014...have been a shareholder long enough to collect five $100 door gifts & plenty of meals even before Covid. Have been eyeing this since it broke $19 & just waiting for a good entry...and now I have the satisfaction of re-entering cheaper than you with thousands of profits already collected!🤗😘
4 hours ago
Sick of this uncivilized dompeilee! Be informed that I m disposing PetDag. Let this uncivilized lady continuing her miserable life here. Thanks.
3 hours ago
I m expecting her to claim her victory if PetD goes up and humiliates me for dumping low… if PetD goes down, she would say dispose early and blaming me for pushing the price down… Let’s see…
3 hours ago
@James, so what do you think of the share price? will there likely be a rebound to over RM20 and above? it seems the price is stagnant for the past one month after the removal of the diesel subsidy.
2 hours ago
With rationalization of petrol subsidy, personally expecting ppl would be cautious in spending petrol in the future. Revenue would be less, so as to the profit. Good Luck!
2 hours ago
Worse still, if more people buying EV on certain incentives etc, then this would drag PetDag revenue and profit even lower.
2 hours ago
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.
2 hours ago
@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?
2 hours ago
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.
2 hours ago
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?
2 hours ago
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.
2 hours ago
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Value investors do the maths and should appreciate this golden opportunity to buy and hold!
3 weeks ago