KLSE: PETRONM (3042)       PETRON MSIA REFINING& MKTG BHD Main : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
7.28   +0.06 (0.83%)  7.20 - 7.38  169,700
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Market Cap: 1,966 Million
NOSH: 270 Million
Avg Volume (4 weeks):301,922
4 Weeks Range:7.00 - 8.50
4 Weeks Price Volatility (%):
52 Weeks Range:3.51 - 8.95
52 Weeks Price Volatility (%):
Average Price Target: 9.42
Price Target Upside/Downside: +2.14

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2017[#1]  |  25-May-2017
Next QR | Est. Ann. Date: 30-Jun-2017  |  18-Aug-2017
T4Q P/E | EY: 5.97  |  16.76%
T4Q DY | Payout %: 3.02%  |  18.03%
T4Q NAPS | P/NAPS: 4.7127  |  1.54
T4Q NP Margin | ROE: 3.88%  |  25.89%

Market Buzz

Date Type Subject
24-Jun-2017 Blog [转贴] 讲股之~原油价格下跌,PetronM和HengYuan完蛋?!- SungaiPinang Capital
29-Jun-2017 Forum 23 New Comments


Latest Headlines
24/06/2017  [转贴] 讲股之~原油价格下跌,PetronM和HengYuan完蛋?!- SungaiPinang Capital
16/06/2017  What I learnt from Petron AGM - Jay
27/05/2017  (Petron Malaysia) Proxy To Oil Price Gain ?
25/05/2017  Petronm: A 6x PE stock generating 30% ROE with a clean balance sheet!
16/05/2017  推高马菲炼油产量.PETRON大马寻伙伴
13/05/2017  Petronm: It's Time for a Math Class
12/05/2017  (richDad) - PETRONM: Errata in previous post
11/05/2017  (richDad) - PETRONM: PETRON CORP media release says Malaysia operation 1Q earnings to TRIPLE
10/05/2017  Petronm: A Simple Math, 5x PE even after the 100% rally YTD?
29/03/2017  Daily technical highlights - (PETRONM, TECFAST)
12/03/2017  Petronm: A Snapshot Speaks for Thousands Words
03/03/2017  Petronm: Growing evidence of record 1Q17
25/02/2017  (Tradeview 2017) - Market Irrationality (On LiiHen, PetronM, GHLSYS and others)
23/02/2017  PublicInvest Research Headlines - 23 Feb 2017
23/02/2017  Mplus Market Pulse - 23 Feb 2017
22/02/2017  PETRONM: A 2.8x PE stock?
19/02/2017  PETRONM: What to expect in Q4 2016
05/01/2017  One reason to own Petron Malaysia

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.
Woo Khai Thim RM7.32
28/06/2017 09:36
Newmaster Starting to reverse ?? Anyone......
28/06/2017 09:36
Woo Khai Thim TP 7.50
28/06/2017 09:36
Newmaster Pls slow slow up
28/06/2017 09:38
Alex Foo @probability 你的HRC发了。哈哈哈。可以买新底裤了!
28/06/2017 09:38
Alex Foo @Newmaster

haha, i also kidding only. play small small huat big big
28/06/2017 09:39
Newmaster Bro Alex Foo, hope you have fun
28/06/2017 09:40
probability ha ha.. Alex Foo..
actually i am accumulating more...
lets now do it in stealth mode

facts are all there
28/06/2017 09:43
Newmaster Me too collecting more again. My gut feeling is the 2q eps can be very good. Whole year even more surprising ! Don't follow, that's my intrinsic only.

After all, Im prepared to lose big.
28/06/2017 09:49
greatwall talk shit all here when say collecting!!!
28/06/2017 09:49
Alex Foo i already say. PE < 3 market gila liao. today market wake up lol
28/06/2017 09:49
Alex Foo i buy because ROE > 40% power gila. Can't find d.
28/06/2017 09:50
Truetalk Wasei, brent oil continue climb
28/06/2017 10:21
Truetalk @Newmaster must have deep pocket to lose ka ? But maybe can win big big ne, belanja makan when true
28/06/2017 10:26
shidayea Smileee again..
28/06/2017 10:56
Newmaster Truetalk, so sure ? Anyway thanks for that.
28/06/2017 11:43
aseng wife too fat , can't dance tango....sleepy......
girl friend very slim, can dance hip-hop..... more exciting
28/06/2017 13:05
probability aseng...do what you want..
as long as u dont get caught!
make calculated risk decisions..
28/06/2017 13:37
Kadir Almushayah @aseng .....girlfriend must be supermodel la
28/06/2017 17:06
skyea Petron has 602mil inventories. Final Ron 95 closing is 1.89. from a high of 2.30previous quarter. Anybody wanna guess the percentage loss in inventory from last quarter. Say bye bye to your 108m net profit
28/06/2017 22:25
stockraider Petron inventory holding is only 14 days....if price move down 2 sen...the exposure on inventory is about 2wks only mah...!!

Anyhow...no impairment on inventory...bcos the profit margin now is much more than 2 sen per litre...just that going fwd make less when refined product sold until complete stock turn loh...!!

The impact is less than Rm 10m ...in term of one time margin loh...!!
28/06/2017 22:48
suregain No power comoared,to hy
28/06/2017 22:54
28/06/2017 22:55
Newmaster Down will be good for now, can slowly absorb
28/06/2017 23:22
stockmanny Why must you talk bad about the company, nah kena hantam ?

Advise you to look at others if you dun like it here, would you

Posted by skyea > Jun 28, 2017 10:25 PM | Report Abuse

Petron has 602mil inventories. Final Ron 95 closing is 1.89. from a high of 2.30previous quarter. Anybody wanna guess the percentage loss in inventory from last quarter. Say bye bye to your 108m net profit
28/06/2017 23:39
cheoky 600mil stock doesnt stuck there and go in one short in last week of june. still half year to go. even based on your short sighted logic, if july oil go up to usd52, there that bye bye 108m profit come back? so still want chicken little here ar? all masters are here le.
28/06/2017 23:47
probability just incase, i must stress that as per my basis of my derivation earlier, the retail segment is not in anyway affected by stock gain / loss in any of the qtrs...

there is a logic behind this which i hope to verify and share later
stay cool
28/06/2017 23:50
skyea good, then hold it ok. even better if all of u add more. remember to hold.

and of course not the retail segment lah, is the refinery segment taking the hit lah duh.
29/06/2017 01:52
skyea @stockraider, u know how accounting works ah? what 2 weeks inventory. get facts right. go see annual report, and even then that is hitting gross margin. totally different from inventory loss adjustment which is from last balance sheet that is 31 March, not your 2 weeks.
29/06/2017 01:56
skyea @cheoky who said anything about 600m getting stuck till the end of the quarter. the magnitude of products stored is consistent from month to month, like that also need to explain ah? and what half year to go? its adjusted quarter to quarter, otherwise whats the point of balance sheet "AS OF 30 JUNE" for? that change will hit P&L lah...obviously?

And then nevermind u said JULY oil will go to 52, nonsensical as it was, if your logic of 108 profit coming back is so "masterful", then petron would not drop from rm 7 to 3.50 during ron 95 dropped from 2.30 to 1.70 in 2016. now that ron 95 dropped from 2.30 to 1.89 still want to repeat the same mistake. you think people in 2016 didnt think and argue the same things ah? so go ahead and make that lame argument again just like all of them last year. apparently being masterful to you is just that.
29/06/2017 02:41
skyea knowing how to crunch numbers is good and the determination shown is impressive. but thinking that is enough to navigate the share market and share prices and making extraordinary portfolio returns is ridiculous. all i see u guys do is only talking about 1 single piece of the puzzle (even that u all dont know the correct multiplier to get gasoline crack, and u are clueless about their degree of hedging, and so u count and count while the portfolio self destructs). with the dow jones in bubblish territory and at risk of a flash crash, you come in with your twinkle shoes and talk about LONG TERM?! last i remember long term is when market is at a trough. not when KLCI is at 1800 and DJIA 21500. misused strategies.

whats more doing this right in front of an impending, OPEC nov meeting, and General election when BN could lose very badly and send the ringgit spiralling. real smart u guys! even if BN dont lose, they'd stick the ron 95 so low and so long just to win votes, ur gross margins and your portfolio is going to cry.

hello masters, f u even know the basics, there is value to be discounted. not just your FCF and thats it. look outside your calculator box for godsakes.
29/06/2017 03:17
cheap1 Petrol so cheap now must pump full tank today until next Wed.
29/06/2017 05:41
OOMMGG If petrol price drop from high to low price, petrol inventory loss is expected from refinery petrol storage to retail sector petrol storage. The higher the petrol drop per weekly basis the higher the loss incur in petrol inventory. Vice versa . Retail profit will be impacted too.
29/06/2017 07:39
OOMMGG The degree of impact depend on the degree of petrol price drop per weekly basis. The worst case will be it drop all the way from high to low price persistently from week to week all the way to form monthly drop.
29/06/2017 07:44
Newmaster Yes, stock loss is unavoidable when oil drop. But has the oil price fallen below 42usd so far ? In fact it stays around 45usd on average the last 3 weeks, right ?

Still the earnings can be decent if not better based on the "rough" derivations by Grandmaster probability's illustrsation earlier using 42USD/brl :

"Net gross margin = - 24M + 97M + 105M
= 178M (EPS is more than 32 Cents)

say instead if on 30Jun17, the crude drops by another 3USD to 42USD/brl, the stock loss is extra by another 10M.

now the total gross profit becomes:
= 178 - 10
= 168 M (EPS is more than 29 cents)"
29/06/2017 08:54
talkyourkok should come up to 7.50 by tomorrow.
29/06/2017 09:00
Newmaster What I noted is that Q2's CCS of 97M (estimate) is > the whole of 2016 ? This part could Grandmaster probability clarify.
29/06/2017 09:11
probability Newmaster, the refinery margin calculated via basis (2) already exceeding 4.5 USD, thus its very likely it will maintain the CCS margin as per Mar17 level or higher..
29/06/2017 09:15
Newmaster Grandmaster probability, noted and thanks again.
29/06/2017 09:18
Newmaster Ya USD5.3/brl used vs 4.5 USD
29/06/2017 09:34
davidtslim Brent oil rebounded to 47.5
29/06/2017 10:02
Truetalk Oledi collected nearly 50K, hope for the best :)
29/06/2017 10:45
cheoky @skyea my fault. my maths are poor. you are smart and right. dont touch petronm. follow your noble advise, i will be saved.
29/06/2017 11:04
paperplane2016 i think we talk so much also no use. just wait next result come and proof it
29/06/2017 15:08
kenz88 if drop rm7, i will buyyyyyyyyyyyyyy
29/06/2017 15:54
paperplane2016 add little at 7.23 today. slowly buy and wait
29/06/2017 15:57
Newmaster Hopefully not goodbye.....haha
29/06/2017 16:01
Truetalk Call it buy on weakness, sell on strength leh.

Continue to top up, can't imagine if later not able to get. Must have patience if want catch big fish
29/06/2017 17:07
vvv1 catch big lot at 7.2! haha, go go!
29/06/2017 17:34
George888 Have FAITH in Petron :)
29/06/2017 20:33


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