KLSE: PETRONM (3042)       PETRON MSIA REFINING& MKTG BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
11.62   +0.38 (3.38%)  11.24 - 11.70  434,500
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Market Cap: 3,138 Million
NOSH: 270 Million
Avg Volume (4 weeks):416,247
4 Weeks Range:10.14 - 11.70
4 Weeks Price Volatility (%):
52 Weeks Range:4.05 - 11.70
52 Weeks Price Volatility (%):
Average Price Target: 9.42
Price Target Upside/Downside: -2.20

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2017[#2]  |  24-Aug-2017
Next QR | Est. Ann. Date: 30-Sep-2017  |  25-Nov-2017
T4Q P/E | EY: 8.74  |  11.44%
T4Q DY | Payout %: 1.89%  |  16.55%
T4Q NAPS | P/NAPS: 4.8298  |  2.41
T4Q NP Margin | ROE: 3.95%  |  27.52%

Market Buzz

Date Type Subject
23-Oct-2017 Forum 23 New Comments


Date Subject
06-Oct-2017 Petron (RM9.60, TP: RM12.35) - BULLISH Q3FY17 OUTLOOK!
04-Oct-2017 年增15间油站.提炼业务拉抬.PETRON大马势不可挡
28-Sep-2017 NAGA Warrants 2017 Ninth Issuance - Opportunity to Position Ahead for Seasonally Stronger Quarters
19-Sep-2017 Daily Technical Highlights - (BONIA, PETRONM)
11-Sep-2017 Petron (RM9.60, TP: RM11.32) - Capitalizing on the Surge in Crude Oil Price & Refinery Margins!
05-Sep-2017 第七篇 : Petronm 大马的新估值(更新炼油利润图)
01-Sep-2017 [转贴] PETRON大马 – 浅谈Q2业绩以及Q3展望 - RH Research
24-Aug-2017 Petronm: Ignore The Noise Is The Best Investment Decision
24-Aug-2017 Petronm Part 7 (New Valuation)
21-Aug-2017 第六篇:Petronm大马 (收益的质量)
21-Aug-2017 第五篇: Petronm 大马的未来潜能
19-Aug-2017 第四篇: 如何评估一间公司的管理团队?(以Petronm为研究个案)
12-Aug-2017 Petronm Part 6 (Quality of Earning)
10-Aug-2017 Petronm Part 5
05-Aug-2017 第三篇:Petronm 大马的未来潜能
04-Aug-2017 Daily Technical Highlights - (HEVEA, PETRONM)
01-Aug-2017 第二篇:Petronm 大马的未来潜能
27-Jul-2017 第一篇:Petronm 大马的未来潜能
17-Jul-2017 Why I would buy Petron over Hengyuan - felicity

Business Background

Esso Malaysia Berhad is engaged in the manufacturing and marketing of petroleum products in Peninsular Malaysia. The Company is a subsidiary of ExxonMobil International Holdings Incorporated, whose ultimate holding company is Exxon Mobil Corporation.
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  6 people like this.
free2invest Too slow la....can't get in now.
10/10/2017 11:46
mamatede please buy more, lucky bought at 8 that time.. laughing all the way to the bank hehe
11/10/2017 09:35
George Leong RM12 is on the way~ :)
11/10/2017 09:50
Newmaster Easily above 12.50 by end of Oct
11/10/2017 11:11
shidayea Oh.. i bought @ rm9.. smileeeee..can topup somemore if price will be rm12 soon..
12/10/2017 08:08
Kadir Almushayah @smileeee ye ..
13/10/2017 09:43
shidayea Ye la en kadir.. senergy x gerak2.. try counter lain la pulak..
15/10/2017 20:23
Kadir Almushayah Good. Bijak
15/10/2017 22:37
16/10/2017 10:20
sheldon Judging from the last quarterly, the improved cash flow from operations > 120m, increased revenue reserves > 140m & massive drop in borrowings > 241m ... this co if it maintains performance, the sky's the limit.

Waiting with eager anticipation for the Sep quarter results!
16/10/2017 11:59
sheldon Extract of Analyst Report from RHB

Petron Malaysia

Fuel Happy

We initiate coverage on Petron with a BUY recommendation. Our TP of MYR16.20 (60% upside) is based on a 12.5x FY18 P/E. The company owns over 580 service stations nationwide, distributing gasoline, diesel and LPG products. Petron also owns an 88,000bpd refinery in Port Dickson, Malaysia with a Nelson Complexity Index of 3. We believe the refinery would provide the company with a competitive advantage, thereby enabling it to take advantage of refined product spreads.

Third largest retail station operator in Malaysia. Petron Malaysia (Petron), a major fuel retail distributor in Malaysia, has the third largest market share in the country behind Shell and Petronas Dagangan (PETD MK, NR). It owns over 580 service stations nationwide, distributing gasoline, diesel and LPG products.

Besides retail marketing, the company also owns an 88,000bpd refinery located in Port Dickson, Malaysia with a Nelson Complexity Index of 3. The refinery is capable of producing gasoline, diesel, liquefied petroleum gas (LPG), kerosene and low sulphur waxy residue (LWSR). The refinery has an average utilisation rate of c.50% due to the unfavourable economics of LSWR which, in turn is due to its low complexity rate. The company is 73.4%-owned by Petron Corp, the largest oil refining and marketing company in the Philippines.

The refinery could provide alpha. Its retail fuel segment plays a volume game, ie the more retail stations imply a higher volume. As such, we expect its retail volume to grow by c.4% each year, driven by the opening of new stations. Our base case scenario assumes Petron would open 15 new stations every year. Its commercial fuel segment earnings are driven by spreads for naphtha, kerosene and LSWR. We expect spreads for naphtha and kerosene to range between USD2-7/bbl for the long term. As such, we believe the commercial fuel would provide the company with a higher earnings growth potential, compared to that of its peers.

Healthy balance sheet. As of 1H17, it is a net cash company; we expect Petron to end FY17F in a net cash position. Total borrowings are at MYR66.4m, while its cash position is at MYR156m. This is comparable to the situation at the end-FY16, when it was in a net debt position of MYR136m. Net cash from operations and free cash flow has been on an increasing trend, attributed to better cost management as well as the asset performance mechanism (APM), which transmits changes in oil prices to retail fuel prices.

BUY. We initiate coverage on Petron with a BUY recommendation, supported by a TP of MYR16.20. We arrive at our TP by pegging a 12.5x P/E to FY18F EPS of MYR1.30. As a comparison, Petronas Dagangan is trading at 24.6x P/E for FY18, at a 70% premium to Petron. We like Petron as we believe its retail fuel segment would provide a stable base of earnings due to the APM mechanism, while its commercial fuel segment would provide an earnings boost, an advantage the company holds over its peers due to its refinery.
16/10/2017 12:16
Hengyuan: SEXY BABE RM21! wait it sell down first
16/10/2017 12:57
Kyou If sell down ...all CW will drop alot ..@@
16/10/2017 13:51
gabs17 volume is very low though...maybe just to flush out short time traders
16/10/2017 15:12
Alex Foo hi guys, want to ask, does petronm have a plan to acquire new refinery?
17/10/2017 16:11
deMusangking betul betul Alex Foo lish!!! pergi tanya CEO Petromm lah!!!!!!
17/10/2017 16:13
Good_stock Haha, yalor. Better ask CEO ma
17/10/2017 19:03
Activeinvestor Petron Corp's latest audited accounts about to come out d.............watch closely
19/10/2017 10:55
sheldon Jeng jeng jeng! I hope it will live up to expectations & not give us a rude shock
19/10/2017 11:51
Hengyuan: SEXY BABE RM21! please share share, can get many hints there,hahaha
19/10/2017 12:51
myone99 petronm 11.14 is a very crucial support. once break will be down trend. Let's watch....
19/10/2017 16:41
Er Sam oil price slips..............tomorrow Petronm fly
19/10/2017 21:13
killthebear vimediac talk 3, talk 4.. tomorrow if petronm no fly.. your head fly. ...
19/10/2017 21:25
sheldon if Petron share price declines then I draw comfort from its intrinsic value as reflected in the accounts
20/10/2017 09:29
George Leong Petron should do well! https://klse.i3investor.com/blogs/investmentopportunity/134531.jsp
20/10/2017 11:05
sheldon TQ George for this research update
20/10/2017 11:22
George Leong Will know in November, which is just 1 month away. So far, Brent crude price is holding steady above $50 in October, may it stay at that range and Petron should do very well, even for Q4 2017.
20/10/2017 11:29
jebat now time for analysis........still sleeping.......uuuu
23/10/2017 09:29
limkokthye overvalue d
23/10/2017 09:44
Jack888 PETROMN.....UP...UP...
23/10/2017 09:53
goody99 promising start together with Hengyuan. Hope can move up near RM11.50 today
23/10/2017 10:09
goody99 good thing that we have higher than usual volume today
23/10/2017 10:25
straightarrow Achieved 11.50 well done..
23/10/2017 11:15
goody99 if I remember correctly, the recent high is RM11.60-RM11.62. If it breaks out... wow!
23/10/2017 11:23
sheldon Nice feeling!
23/10/2017 11:26
George Leong All time high now, but huge volume block at rm11.60-11.62.
23/10/2017 12:03
George Leong BREAK rm11.64, all-time high now! And it's still cheap!
23/10/2017 14:47
zoizai Resistance broken.
23/10/2017 14:47
roytheinvestor Go strong!
23/10/2017 14:52
KYYMachai Whack the CF.............lol
23/10/2017 14:52
Kyou CF not rocket ... @KYYMachai , u mention CF since 0.22 ..now still under 0.22
23/10/2017 15:02
Kyou But CD yes!
23/10/2017 15:02
KYYMachai CF will move up soon
23/10/2017 15:18
Davidl Breaking 12 soon!
23/10/2017 15:21
thenewbee this 11.68 and 11.70 build for fun only one. just close above 12 and buka gap up tomorrow
23/10/2017 15:30
Kyou Hope CF can move up soon ...my cost of CF 0.22
23/10/2017 16:28
limcs Rm12 tomorrow
23/10/2017 20:12
Hengyuan: SEXY BABE RM21! All time high, again!
23/10/2017 21:01
lloydlim Uptrend towards 15! Go Go Go!
23/10/2017 23:26
23/10/2017 23:59


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