|
| |
Overview
Financial Highlight
HeadlinesBusiness Background 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.
  dompeilee 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/ 18/07/2024 7:06 AM moneyontheway @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? 18/07/2024 8:49 AM yeinemesis 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. 18/07/2024 5:53 PM  kong73 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 19/07/2024 11:49 AM moneyontheway @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. 19/07/2024 1:46 PM mf 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. 19/07/2024 1:55 PM Boyour EV still not reliable here..look at at the resale value of EV now...scary lol,,in 3 years ll be in scrap yard 22/07/2024 10:04 PM yeinemesis https://theedgemalaysia.com/node/719790 Petronas may lose part of revenue to Petros, capex may be hit — RHB IB 24/07/2024 8:57 AM dompeilee In this type of mkt can still stand above $17.30! Cool! Another BIG FAIL by James_BOMB!🤣 26/07/2024 3:16 PM yeinemesis Relying on EPF to pump in fund for support. Cant imagine price without EPF. Composite index need to show market still good. 27/07/2024 9:04 AM Maxpowar True, stock price heavily supported by local institutions. Otherwise, it would've been worse. Keeping at the side line for now as we do not know how much of impact will the removal of diesel subsidy and surrendering of gas business to Borneo affect PetDag's profit in coming quarters. 27/07/2024 4:08 PM  speakup https://focusmalaysia.my/bds-malaysia-stop-filling-up-at-caltex-as-its-parent-company-chevron-fuels-palestinian-genocide/ 27/07/2024 7:41 PM kong73 Gents - PETRONAS is doing great - all their stations i see are always packed! 28/07/2024 7:10 AM yeinemesis US market up & down with uncertainty. Our market also affected and affecting further those related to Diesel rationalization. EPF pump in fund to help counter price, while those who were earlier stuck with the price fall from RM20+ to RM17 now taking advantage to sell and exit counter. 01/08/2024 8:15 PM dompeilee $18!!! Back above sister PetGas price! Of course, likely due to SHORT-covering from ppl like James_BOMB in the morning...but still nice to see...👍👍👍 06/08/2024 5:01 PM  calvintaneng DUMBPEILEI SEE Posted by dompeilee > 2016-10-25 11:59 | Report Abuse Very strong...1.11 absorbing sellers well & increasing Q...accumulation phase :D Posted by hng33 > 2016-10-25 12:03 | Report Abuse Resistance level become support level now :) Posted by chrisyap > 2016-10-25 12:05 | Report Abuse Explode ! Explode ! Posted by dompeilee > 2016-10-25 12:09 | Report Abuse Volume building up at triple one....472,600 shares! DUMBPEILLLLEI BOUGHT WTK AT RM1.11 TRAPPED FOR 8 YEARS!! 10/08/2024 7:33 AM dompeilee PetDag soooo sooooooon after re-purchase already SOLIDly profitable on paper???🍾🥂🍸Thanks for the gift on reaching a THOUSAND consecutive market days of profit, a lifetime mega achievement!!!🤗 13/08/2024 5:19 PM dompeilee Some short-SQUEEZing going on...25k short sold @ $18.104 showing a big loss...keep going UPPPP!🤗😘😉 14/08/2024 9:52 AM dompeilee James_Bond Sold all my PetDag shares! Thanks! 1 month ago James_DUMB_BOMB, sudah lariiii ke mana?😆🤣😂 All his clients should LARIIIIiiiii from him & his unprofitable mkt moves!🏃🏃🏃 Serves him right!!! 14/08/2024 8:01 PM yeinemesis EPF must continue pumping in fund to ensure Petronas remain strong in composite index. Previous RM16 range is not good for market capitalization. Otherwise other strong counters in the main board are trying to enter composite index lists. 15/08/2024 9:02 AM dompeilee 🎶🎵Don't cry for me Argentinaaaaaa!🎶🎵🎼 SOLD 68% of my position not far from the day's high!🤗 15/08/2024 9:55 AM  EngineeringProfit Yup, wait to go in for another round Posted by moneyontheway need at least two rounds 18/08/2024 10:59 AM Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ Announced a good quarter. This company is in a matured sector. Its revenues and earnings have been flat for many years. However, it is generating good FCFs and dividends. The 1H results for this year had been better than previous years. Probably can expect higher revenues, earnings and slight increase in dividend for this year. 21/08/2024 9:34 AM  James Ng [转贴] [Video:浅谈PETRONAS DAGANGAN BERHAD, PETDAG, 5681] - James的股票投资James Share Investing https://klse.i3investor.com/web/blog/detail/general/2024-08-21-story-h-153412673 21/08/2024 9:00 PM bullrun168 Walaoeh, what happend ? Super damn hot man Petdag today ! Now Petdag was traded at @RM21.18 (+0.28) (+1.34 %) Heng ah, Ong ah, Huat ah ! 28/08/2024 11:39 AM Whythefuss Who is laughing now. 20% upside , good profit. Funny to see posts from 1 month back, so many Sifus with negative stories, adults behaving like small kids on Stock market… 29/08/2024 1:14 PM moneyontheway @whythefuss, do you think this stock will drop below RM20 after the implementataion of the RON95 rationalization? please give some suggestion and ideal advice. 29/08/2024 2:12 PM EngineeringProfit Luckily my all eggs in one winning basket here..........huat ar 29/08/2024 2:33 PM Whythefuss @moneyontheway what May happen in future I don’t know. I bought this stock in the past based on the dip knowing it may reach near its former 52week range. Disposing for a 20% upside is worth it. As I’m not a long term investor on one single stock, I could not offer any long term advise on pet dagang 29/08/2024 3:56 PM moneyontheway @whythefuss, how many lots do you own for this counter and how much do you intend to sell? besides this counter, what other stocks do you own for safe keeping? 29/08/2024 4:03 PM  | |
