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Last Price Today's Change   Day's Range   Trading Volume
4.20   0.00 (0.00%)  4.19 - 4.22  63,600
15,984 comment(s). Last comment by Karma4444 at Sep 23, 2021 11:07 AM
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sheldon
1112 posts

Posted by sheldon > May 28, 2021 3:21 AM | Report Abuse

Yeah yeah. This co trades at very low PE so don't expect much in terms of share price gain. If investors don't find Petron attractive then management should start flexing its muscles in the form of dividends.

Consider this - a 1 sen dividend translates into a mere RM2.7m. Co is paying only a total of RM13.5m with 5 sen. Compared to cash balance of RM171m and massive reserves of RM1.7b, the dividend is so very minute.

It's such an anticlimax after waiting for 1 year. Surely it can do better than that!


limkokthye
5685 posts

Posted by limkokthye > May 28, 2021 9:16 AM | Report Abuse

cb stock earning so good, ppl also sell like mad


limkokthye
5685 posts

Posted by limkokthye > May 28, 2021 9:21 PM | Report Abuse

total lockdown again , keong gan liao


Cakes Moon
5961 posts

Posted by Cakes Moon > Jun 1, 2021 11:10 AM | Report Abuse

The result is superb, oil price break $70.
PetronM should be shooting up very soon.


DickyMe
10946 posts

Posted by DickyMe > Jun 15, 2021 8:43 PM | Report Abuse

https://www.msn.com/en-my/money/markets/hydrogen-planes-electric-propulsion-and-new-regulations-aviation-is-changing/ar-AAL3Ar8?ocid=mailsignout&li=BBr8Hnu

The end of fossil fuel is rapidly approaching.


lotuseater
72 posts

Posted by lotuseater > Jun 15, 2021 10:09 PM | Report Abuse

U seem to be posting the same stuff at other forums as well.


Cakes Moon
5961 posts

Posted by Cakes Moon > Jun 23, 2021 10:13 PM | Report Abuse

Brent $76


limkokthye
5685 posts

Posted by limkokthye > Jun 27, 2021 12:16 AM | Report Abuse

time to buy , monday buy 20lot


Diamond7
1748 posts

Posted by Diamond7 > Jun 28, 2021 9:13 PM | Report Abuse

Down again...
Why?
Oil up up wor!


Diamond7
1748 posts

Posted by Diamond7 > Jun 28, 2021 9:13 PM | Report Abuse

Think it's political instability
Plus Covid kacau!!!


Bgt 9963
6721 posts

Posted by Bgt 9963 > Jun 28, 2021 9:28 PM |

Post removed. Why?


limkokthye
5685 posts

Posted by limkokthye > Jun 30, 2021 10:33 PM | Report Abuse

wasted , oil price up so much, but petrol sales very low because lockdown


IronShirt
2531 posts

Posted by IronShirt > Jul 4, 2021 6:30 PM | Report Abuse

PetR hard hit by 1 month lockdown and now KL/Sel lockdown....bad Qr results for sure, just
buy and throw inside freezer


Diamond7
1748 posts

Posted by Diamond7 > Jul 5, 2021 9:02 PM | Report Abuse

Oops
Break support level Liao!!


limkokthye
5685 posts

Posted by limkokthye > Jul 9, 2021 8:30 PM | Report Abuse

Petronm very cheap


sheldon
1112 posts

Posted by sheldon > Aug 4, 2021 3:16 PM | Report Abuse

I'll buy when it hits zero


DickyMe
10946 posts

Posted by DickyMe > Aug 17, 2021 12:20 PM |

Post removed. Why?


aleroe
77 posts

Posted by aleroe > Aug 26, 2021 5:07 PM | Report Abuse

Earnings out — good profit despite the lock-downs

Revenue actually up on Q-on-Q basis


Karma4444
100 posts

Posted by Karma4444 > Aug 28, 2021 11:35 AM | Report Abuse

Heng yuan monday will drag down petronm


firehawk
3885 posts

Posted by firehawk > Sep 3, 2021 8:13 AM | Report Abuse

is this a better choice than Heng Yuan?


Sslee
7337 posts

Posted by Sslee > Sep 3, 2021 8:33 AM | Report Abuse

Yes Petronm is better than Hengyuan as Petronm is running a business whereas Hengyuan is running a Casino betting/hedging heavily on:
Forward foreign currency contracts
Forward priced commodity contracts
Commodity swap contracts
Refining margin swap contracts
Commodity options
Interest rate swap contracts


firehawk
3885 posts

Posted by firehawk > Sep 3, 2021 8:42 AM | Report Abuse

Hahaha ...I think they hedge their raw material cost and causes the loss .... seemed is more than that!

really they bet on so many items?


Sslee
7337 posts

Posted by Sslee > Sep 3, 2021 8:56 AM | Report Abuse

Hengyuan latest quarter end 30.06.2021 page:14
(b) Financial instruments carried at fair value (continued):
Fair value of financial instruments that were outstanding as at the reporting date are
detailed below:
Level 2
30.06.2021
Contract/Notional amount USD'000
Forward priced commodity contracts 14,778
Commodity swap contracts 140,295
Refining margin swap contracts 250,714
Interest rate swap contracts 77,500

31.12.2020
Contract/Notional amount USD'000
Forward foreign currency contracts 18,000
Forward priced commodity contracts 47,414
Commodity swap contracts 96,496
Refining margin swap contracts 59,436
Interest rate swap contracts 88,750


firehawk
3885 posts

Posted by firehawk > Sep 5, 2021 10:02 PM | Report Abuse

Found that Petron also has derivatives, in 2 items,
1) Forward exchange contracts 92,165
2) Commodity swap 158,905

and incurred loss of (11,046) for 3 months ended 30/06/21.


firehawk
3885 posts

Posted by firehawk > Sep 5, 2021 10:31 PM | Report Abuse

I only dare to put little portion in these type of counters. Long time ago, I already found that their earnings are highly unpredictable. Basically the raw material itself is already a subject of wildly fluctuation, moreover, they themselves buy all these derivatives, these make the earnings more unpredictable.

For example, if crude oil price grows higher, by straight forward, their inventory (which bought earlier at lower price) would be a gain, but they can report inverse result because they hedge the price in wrong direction :D. This happen to other counters like Airasia etc .......


firehawk
3885 posts

Posted by firehawk > Sep 5, 2021 10:52 PM | Report Abuse

Take a glance at Heng Yuan, this is a good demonstration on how the derivatives affected the final result. The pretax loss of 80,463 was caused by the the fair value loss on derivative instruments of 209,219.

But in same period last year, the derivatives reported a gain of 286,017, so ...... :D :D

Their result is actually their derivatives trading result? :D :D


Sslee
7337 posts

Posted by Sslee > Sep 6, 2021 7:46 AM | Report Abuse

If you look into the amount of hedge Hengyuan done in USD, its amount to billion in MYR. That is why I say Hengyuan is running a casino and not running a business.


EatCoconutCanWin
4191 posts

Posted by EatCoconutCanWin > Sep 6, 2021 8:06 AM | Report Abuse

Software stock in focus, myeg, ctos,ramssol, mpay, revenue, buy in before shooting up


kevinobc
647 posts

Posted by kevinobc > Sep 16, 2021 11:02 PM | Report Abuse

https://www.reuters.com/business/energy/oil-prices-climb-after-drawdown-stocks-positive-demand-outlook-2021-09-15/


kevinobc
647 posts

Posted by kevinobc > Sep 17, 2021 8:13 AM | Report Abuse

https://www.dailyfx.com/crude-oil


Karma4444
100 posts

Posted by Karma4444 > Sep 21, 2021 8:33 PM | Report Abuse

looks like petrol stock going to hooland


Bgt 9963
6721 posts

Posted by Bgt 9963 > Sep 21, 2021 8:39 PM | Report Abuse

Down trend....


Karma4444
100 posts

Posted by Karma4444 > Sep 22, 2021 7:51 AM | Report Abuse

Petronm make me 9696


Karma4444
100 posts

Posted by Karma4444 > Sep 23, 2021 11:07 AM | Report Abuse

cb petronm zzzzzzzzzzzzz

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