Posted by Jeffreyteck > Sep 14, 2020 9:13 AM | Report Abuse

Justify for Q3 and Q4 performance. Anyway, if chief traders want to push up, is easy too. ST negative.

Posted by DJThong > Oct 3, 2020 5:21 PM | Report Abuse

Drop a lot. I think the board is quite useless

Posted by Aaron_tan > Oct 9, 2020 7:20 PM | Report Abuse

Covid new wave . Oil demand sure drop

Posted by i3lurker > Oct 9, 2020 7:24 PM | Report Abuse

not surprising to go back to Shell Refinery price, after all it is the same factory

it is expected to achieve convergence

Posted by DJThong > Oct 14, 2020 2:28 PM | Report Abuse

They appointed new director. Sales background - how can sales Aunty help a refinery? Bit of a silly choice

Posted by alfred > Oct 17, 2020 1:08 PM | Report Abuse

FIVE makes debut as one-stop petrol retailer for Malaysians
KUALA LUMPUR (Oct 16): FIVE Petroleum Malaysia Sdn Bhd, a new oil company in Malaysia with a focus on localisation, has officially announced its entry into the local petrol retail industry.
Chairman Datuk Juhari Abdul Ghani said the company received its operating licence from the Ministry of Domestic Trade and Consumer Affairs on Jan 15, 2020, and set up its first petrol station on March 7, 2020 in Selangor.
“Early this year, FIVE was in the midst of its building plans after acquiring the licence when the pandemic hit. In compliance with local regulations, FIVE had slowed down its building plans.
Juhari said the company's vision is to develop FIVE as Malaysia’s most competitive and promising local brand and is identifying the most suitable locations in Malaysia to set up modern, high-tech, one-stop petrol stations, and provide Malaysians with the best refuelling experience.
"Due to factors such as population density, location, economic activities, and resources, petrol retail brands rarely consider rural areas as a place to set up stations. For this reason, people who live in remote areas often lack petrol supply.
“FIVE is founded to address this issue. We hope to bring more petrol stations to more locations, so even residents in rural areas can enjoy the technology and convenience offered by FIVE," he explained.
FIVE managing director Datuk Seri Dr King Lim Chin Fui said as a proponent of digitisation in Malaysia, FIVE has also equipped every petrol station with artificial intelligence (AI) and digitised facilities, such as vehicle plate recognition.
"We not only digitalise how the petrol retail business has been done, we digitalise the entire business from the cloud POS (point-of-sale) system, mobile loyalty platform and also enables digital payments technology which uses AI (facial and licence plate recognition) - cashless payment, to bring this to the whole of Malaysia," he said.
He said FIVE has also charted a brand new roadmap for interested entrepreneurs, paving an easier path by lowering the requirements for operating a petrol station.
"FIVE will offer a faster and easier path for interested entrepreneurs. By lowering the requirements, more people will be able to join the petrol retail industry, ultimately benefitting consumers," he added.
Meanwhile, Nanta congratulated FIVE for making its launch and said the oil company is a completely local brand.
"Its purpose is in line with the government’s call to purchase local products. This limits the flow of the ringgit outside of Malaysia, and stimulates internal demand," said the minister.
The company plans to set up 200 FIVE petrol stations in the country within three years, bringing shared prosperity to people of all races, in all locations.
The goal is to move towards Industrial Revolution 4.0 together as a nation, and brings fresh prospects for the local petrol retail industry.

Posted by DJThong > Oct 17, 2020 2:27 PM | Report Abuse

FIVE has no refinery. Still need to buy from a refinery somewhere. Hengyuan can maximise but they have a luke warm board with the wrong industry experience. Saying nice things but zero impact to volumes and bottom line.

Posted by DJThong > Oct 19, 2020 2:26 PM | Report Abuse

2.78 to 2.84
Range bound. Not helped by lousy board as I said.
Really useless one this board, better give birth to roast meat

Posted by Jeffreyteck > Oct 25, 2020 12:28 PM | Report Abuse

Est will break historical low.

Posted by DJThong > Oct 26, 2020 2:48 PM | Report Abuse

Down and down. Useless board as I said. All the wrong industry experience. Body not fit. Skills not fit.

Posted by mf > Oct 26, 2020 2:49 PM | Report Abuse

Dow futures fall nearly 200 points

Posted by mf > Oct 26, 2020 2:53 PM | Report Abuse

warning run

Posted by xexlone > Oct 28, 2020 3:01 PM | Report Abuse

global O&G company going to shift to Energy company trend.....those day price will not exist anymore...eg Sapura....