Posted by sheldon > Jul 30, 2020 10:46 AM | Report Abuse

Positive 10 -15 firehawk

Posted by limkokthye > Jul 30, 2020 8:21 PM | Report Abuse

hari raya many drive back kampung, use many oils

Posted by ankahill > Aug 3, 2020 9:33 AM | Report Abuse

Collect a little bit more.. quite cheap! :D

Posted by Choivo Capital > Aug 3, 2020 2:57 PM | Report Abuse

i think it should breakeven q2.

Posted by sheldon > Aug 4, 2020 9:37 AM | Report Abuse

Breakeven? Meaning profit = 0?

Posted by QuestKing > Aug 4, 2020 9:39 AM | Report Abuse

Buy when price drops! And run when panties burn

Posted by Choivo Capital > Aug 4, 2020 10:17 AM | Report Abuse

Or close to that

There are alot of factors to help, higher inventory value, forex savings, recovery of fuel consumption to a large extent. Most people are driving now vs taking public transport.

But i dunno, all i know long term wise, people will be driving more, and that Petronm is the player with the lowest cost in this regulated industry.

====
sheldon Breakeven? Meaning profit = 0?
04/08/2020 9:37 AM

Posted by Sslee > Aug 4, 2020 10:42 AM | Report Abuse

Dear all,
For refining margin you need to look into below chart. You need crack spread of minimum USD 2.00 to make profit in refining.
https://www.tradingview.com/symbols/NYMEX-D1N1%21/

For stock/inventories gain or loss you can look into below chart:
https://markets.businessinsider.com/commodities/oil-price

As for retail sales the margin is fixed but need volume to generate good profit

Posted by Choivo Capital > Aug 4, 2020 12:06 PM | Report Abuse

thanks sslee.

Do note, their refinery supply mainly to themselves. They don't sell the fuel to third party, so the impact from low refining margins is relatively contained.

In addition, when it is not economical to refine, they usually ramp up the imports. So there is this.

Posted by Nepo > Aug 4, 2020 6:54 PM | Report Abuse

I wait below RM 3, don't know possible or not..

Posted by Jeffreyteck > Aug 4, 2020 7:05 PM | Report Abuse

Looks attractive.

Posted by ankahill > Aug 6, 2020 3:50 PM | Report Abuse

Woh!!! What's happening?!! Syndicate ' goreng ' or trapping!!?? :D

Posted by ivanlau > Aug 6, 2020 8:17 PM | Report Abuse

crack spread still in deficit...... be cautious.........

Posted by hng33 > Aug 11, 2020 11:56 AM | Report Abuse

bought petron at 3.60

Posted by hng33 > Aug 11, 2020 2:52 PM | Report Abuse

sold back at 3.70-3.75

Posted by ankahill > Aug 12, 2020 10:30 AM | Report Abuse

Collect little by little.

Posted by ankahill > Aug 12, 2020 10:40 AM | Report Abuse

Will collect again when below Rm3.

Posted by lmy059c > Aug 18, 2020 6:47 PM | Report Abuse

Hengyuan has posted a net profit of over RM48 million for 2Q 2020 !!! Will PetronM and Hibiscus follow suit ??

Posted by SuperPanda > Aug 20, 2020 9:45 PM | Report Abuse

bought 3.60 last wed, will accumulate all the way down bcoz what goes down will come up eventually

end year tp rm5 : )

Posted by mf > Aug 20, 2020 9:47 PM | Report Abuse

Dow Jones 27,577.08 -115.80 0.42%
Nasdaq 11,138.22 -8.243 0.07%

Posted by SuperPanda > Aug 20, 2020 9:52 PM | Report Abuse

the secret of trading for this stock now = waiting

*dunno until when but definitely will not lose money

Posted by ankahill > Aug 24, 2020 3:19 PM | Report Abuse

Anyone know when Petron will present the QR report?

Posted by SuperPanda > Aug 25, 2020 1:28 PM | Report Abuse

this week, might be today

Posted by ankahill > Aug 25, 2020 3:36 PM | Report Abuse

Price starts to fall again. Very bad QR?

Posted by sheldon > Aug 25, 2020 5:03 PM | Report Abuse

This counter shows a lot potential but the price seem to tank all the time. Why are investors so spooked??

They however pick up other shitty counters with poorer fundamentals.

Posted by Choivo Capital > Aug 26, 2020 2:07 PM | Report Abuse

Lol, QR should be bad lah. Petdag revenue for Q2 drop 60%.

Should be a loss still. However, i think the worst is behind them, in terms of both retarded EURO 5 capex etc, and the virus.

Traffic numbers are back up to 95% of 2019, second hand car sales have shot up as people dont want to take public transport due to covid etc.

One thing that should be quite bad is that jet fuel sales and refining should have drop like a rock. This is one of the cherries in Petronm earnings before this.

Posted by sheldon > Aug 26, 2020 4:51 PM | Report Abuse

I believe that 2nd Qtr will show profits despite jet fuel sales all but disappeared - mainly from inventory gains.

Posted by 5354_ > Aug 26, 2020 5:08 PM | Report Abuse

PN very good govn? Take care rakyat more not Tun M son ctr?

Posted by oranger > Aug 26, 2020 5:41 PM | Report Abuse

@Choivo
Do you know what proportion of their profits were from jet fuel sales and refining? Can't seem to find this info anywhere, maybe i missed out somewhere.. Thanks.

Posted by SuperPanda > Aug 26, 2020 5:50 PM | Report Abuse

dont worry loss report also can go up, pn17 ktb also can rebound 250%

bursa now just like casino, you just need to place your bet and wait it strike

Posted by SuperPanda > Aug 26, 2020 8:34 PM | Report Abuse

this will be the worst phase ever, moving fwd will back to profit since jul-sep business back to normal

boring to wait but thats the cost to pay while looking other counter shoot up

btw we dont only have this counter only right, just park some capital and keep it for few mths for some profit wont harm

Posted by KassimBaba7 > Aug 26, 2020 10:00 PM | Report Abuse

Please sell.. I will buy after you're all done running

Posted by ivanlau > Aug 26, 2020 10:10 PM | Report Abuse

new TP for Petronm - rm 3.15 .......... as per my calculation

Posted by Choivo Capital > Aug 27, 2020 9:40 AM | Report Abuse

Dont have the data unfortunately.


oranger @Choivo
Do you know what proportion of their profits were from jet fuel sales and refining? Can't seem to find this info anywhere, maybe i missed out somewhere.. Thanks.
26/08/2020 5:41 PM

Posted by sheldon > Aug 27, 2020 9:54 AM | Report Abuse

Recently a PAS guy went to Turkey & came back.

I hope that plane fueled up from Petron hahaha!

Posted by ankahill > Aug 27, 2020 3:15 PM | Report Abuse

Price dropping, maybe QR is very BAD!!

Posted by sheldon > Aug 27, 2020 8:57 PM | Report Abuse

bloody shit!

Posted by Jeffreyteck > Sep 4, 2020 7:09 AM | Report Abuse

Quite unlikely to deliver positive results in Q3 & Q4. TP below $3.

Posted by ivanlau > Sep 5, 2020 8:10 PM | Report Abuse

--------- quote ------------

ivanlau new TP for Petronm - rm 3.15 .......... as per my calculation
26/08/2020 10:10 PM
------------ unquote ---------
I still stick to my previous calculation ..........

Posted by ankahill > Sep 7, 2020 8:29 AM | Report Abuse

This counter will FALL again today!!??

Posted by curiousman > Sep 11, 2020 3:45 PM | Report Abuse

Petron is refining company, If the crude oil price drop the company should benefit for it because the cost to buy the crude oil is low but in the AR why they keep mention the drop of crude oil affected the revenue drop?

Posted by sheldon > Sep 15, 2020 5:54 AM | Report Abuse

curiousman - because the inventory of crude bought at high prices earlier will affect crack spreads