Highlights
KLSE: PETRONM (3042)       PETRON MALAYSIA REFINING & MARKETING BHD MAIN : Energy
Last Price Today's Change   Day's Range   Trading Volume
5.06   -0.01 (0.20%)  5.03 - 5.09  10,800
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Overview

Market Cap: 1,366 Million
NOSH: 270 Million
Avg Volume (4 weeks):51,036
4 Weeks Range:5.02 - 5.28
4 Weeks Price Volatility (%):
15.38%
52 Weeks Range:4.92 - 7.50
52 Weeks Price Volatility (%):
5.43%
Average Price Target: 5.49
Price Target Upside/Downside: +0.43

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2019 [#3]  |  21-Nov-2019
Next QR | Est. Ann. Date: 31-Dec-2019  |  21-Feb-2020
T4Q P/E | EY: 11.14  |  8.97%
T4Q DY | Payout %: 3.95%  |  44.04%
T4Q NAPS | P/NAPS: 6.5213  |  0.78
T4Q NP Margin | ROE: 1.07%  |  6.96%

Headlines

Date Subject
22-Nov-2019 【视频】Petron大马 末季净赚会更高
22-Nov-2019 PublicInvest Research Headlines - 22 Nov 2019
12-Nov-2019 PETRON大马能否趁低吸购?
04-Nov-2019 PublicInvest Research Headlines - 4 Nov 2019
24-Oct-2019 波德申卸油设施故障·PETRON大马恒源:采措施保供应
23-Oct-2019 Mplus Market Pulse - Still Sideways
07-Oct-2019 Petron - Refining Margins Recovery; U/G to NEUTRAL
26-Sep-2019 下跌股:Petron大马RM5.27支撑
23-Aug-2019 Mplus Market Pulse - 23 Aug 2019
05-Jun-2019 PETRON大马获注资4.17亿·提升炼油设施生产Euro5柴油
31-May-2019 Petron - Still Looking at Weaker Numbers Ahead; SELL
29-Apr-2019 Beneficiaries, losers of rallying oil prices
05-Apr-2019 PublicInvest Research Headlines - 5 Apr 2019
21-Mar-2019 Top 4 Reasons to Re-look Petron Malaysia (3042)
24-Feb-2019 下跌股:Petron大马RM6.29支撑
22-Feb-2019 Mplus Market Pulse - 22 Feb 2019
22-Feb-2019 Petron - 4Q18 Numbers Indicate Weakness
15-Feb-2019 上升股:Petron大马阻力RM7.40
12-Feb-2019 估值低廉‧中小股招财进宝
12-Feb-2019 Stocks On Radar - Petron Malaysia Refining & Marketing (3042)

Business Background

Petron Malaysia Refining & Marketing Bhd is a Malaysian oil company engaged in producing a wide range of petroleum products which include gasoline, diesel, liquefied petroleum gas (LPG) and aviation fuel.
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  9 people like this.
 
supersaiyan3 The short fall of petronm are:

The pump is the slowest.
It has the lowest number of workers.
The image is old and cheap.
Very low / none advertisement.
....
21/11/2019 11:12 PM
Choivo Capital The pump is the slowest.
- I don't know bout you guys, but i follow the old wives tale of pumping at the slowest speed to ensure i get as much fuel as possible.

It has the lowest number of workers.
-Only when i pump at petron, do the workers offer to wipe my windscreen, and its close to every time.

The image is old and cheap.
- This one is a matter of opinion i suppose. I think it looks very vibrant. Shell, BHP and Caltex looks very old. Petronas also to an extent.

Very low / none advertisement.
- Petrol stations don't need much ads or any tbh, its sheer existence is an ad, id rather their advertising money going towards opening more stations. But i think they do market their synthetics etc quite well, for a petrol station company at least.
22/11/2019 9:01 AM
Panorama1 Cash flow is good as Q3 affected by various factors as highlighted in the QR3. Q4 2019 expected to be much better that Q4 2018. Trust Your Intuition as Value Buy at current price level of 5 before it head towards 6 level.
22/11/2019 9:38 AM
sheldon I make sure & I tell my kids as well that every time we need fuel go to Petron. (When I held Digi shares, I switched my entire family from Maxis to Digi).

I think the unexplored potential of Petron stations is the basic groceries. May be the management feels that it's too much of an effort for some loose change but Petdag considers it as a significant source of income. Besides the straight forward income, the grocery and petrol pump complement each other.
22/11/2019 9:58 AM
untong Bought some @ 5.01, avg cost @ 5.9, to make it above FD rate div yield
3.3% at 20sen/share @ 20% payout (60mil payout)

Dividend should be more than achievable given 300m+ net cash level and 9months operating cash flow of 265 mil before working capital changes, despite spending 300m+ for PPE 9months period.

Haha no point predicting quarters profit as there are too many moving parts. I just looking at sales volume, cash level and PPE spending. For annual i will look at retail market shares.

Next year the PPE spending should be lesser i guess. See this
https://www.theedgemarkets.com/article/petron-awards-us132m-diesel-refining-plant-job-south-korean-petrochemical-firm

Somehow PETRONM is similar to AIRASIA; 20% net operaing profit dividend payout, heavy capex, cyclical.
22/11/2019 3:09 PM
Panorama1 Believe me ... Trust My Intuition. Those who buy in now at current 5 level will reap the good rewards in due course :-)
22/11/2019 5:08 PM
EatCoconutCanWin got imparment loss for this quarter?
22/11/2019 5:09 PM
Panorama1 I am a contrarian investor. I will Buy When There's Blood In The Streets :-) Crisis = Opportunities
24/11/2019 10:30 PM
TheContrarian I am the real contrarian, hahaha.
24/11/2019 11:58 PM
KassimBaba7 Ill be buying back soon - but need to park cash elsewhere - good luck with the market for the time being. Hope I don't miss the boat.. we got 3months to the next quarter.
25/11/2019 7:50 PM
Shinnzaii Aiyo...gov decide to go up one or two sen for RON95...let see it will U turn or not...congratulation retail...hehe
27/11/2019 4:30 PM
Panorama1 Refining margin looking good. Buy whilst sentiment is poor and price is Low.
03/12/2019 9:59 AM
Equityengineer Shook up at closing
04/12/2019 9:42 PM
Panorama1 Happily accumulating :-) Last Call ... Watch It Move.
05/12/2019 8:11 AM
sheldon I'm looking forward to a good dividend announcement for the 4th qtr results or else I'm gonna take a flamethrower to the AGM.
10/12/2019 6:36 AM
john0909 @sheldon, expecting a 20cents payout most likely i feel, provided q4 result not gone unexpected one...
10/12/2019 10:00 PM
sheldon RM329m cash balance on 30 Sep.

9 months profit at RM148m.

9 months cash generated from operations RM976m.

Liabilities down RM326m (don't look at lease liabilities as they're just change in accounting treatment)

With such glowing numbers, they could easily reward shareholders with 30 sen which cost RM81m
11/12/2019 9:48 AM
Outliar What I do like about Petron is that its ROIC has been consistently high. Even taking into account its latest quarter, assuming Petron does not earn money at all (no loss either) in the 4th Quarter, taking the same amount of capital currently, it is earning over 20% ROIC. And has been consistently doing so for the previous years despite the odd loss in one quarter here and there.
11/12/2019 2:04 PM
sheldon Profits & returns are all huffing & puffing as to how great the business is. It's like someone claiming he's the heavyweight champion. The real deal is when he gets into the ring to prove all his claims.

Likewise any decent accountant can manufacture profits. The real deal is when it's converted to cash & distributed in the form of dividends.
12/12/2019 9:59 AM
Equityengineer When will the dividend announced
12/12/2019 11:52 PM
Outliar No dividend was declared for Q3
13/12/2019 9:41 AM
sheldon Long wait bro ...

Dividend announcement = April

Ex and Payment dates = Jun
16/12/2019 5:56 AM
john0909 Q4 in feb 2020 can know already
16/12/2019 5:51 PM
Equityengineer IMO 2020 seems laggard. Would PETRON would be beneficiary with gomen start increasing the fuel price
16/12/2019 10:48 PM
Panorama1 https://youtu.be/yXQViqx6GMY
All I Want For Christmas Is Petron > 5.50 ;-)
18/12/2019 9:51 PM
Davidl I still patiently waiting at 4.00
19/12/2019 4:40 PM
dompeilee Bought some Petron @ 5.06
24/12/2019 11:31 AM
gemfinder add petronm 5.10
30/12/2019 1:42 PM
gemfinder Worse,is over
30/12/2019 10:03 PM
George Leong Added some too :)
30/12/2019 10:45 PM
Equityengineer Added today and that makes average price of 5.07 now. let see on 31st Dec 2020...
31/12/2019 8:03 PM
Choivo Capital Increased my position size by another 6%. Now its above 20% of portfolio.

happy new year everyone.
03/01/2020 1:22 PM
Fabien "The Efficient Capital Allocater" admire your confidence on Petronm
03/01/2020 2:14 PM
Equityengineer PETRON should be rm6 at least , from there the EPS will determine it shoot up.

My 3rd entry in Peton in last 5 years. So far it become my best performer, hope it does this year .
03/01/2020 2:46 PM
gemfinder oil px up recently... so got stock holding gain
03/01/2020 2:50 PM
George Leong Looking at stockholding gain and better crack spread margins. Might see a recurrence of 2017 :)
03/01/2020 5:40 PM
sheldon The guessing game for the 4th qtr 2019 earnings ...

A Loss
B 0 - 50m
C 51 - 100m
D - > 100m

I hate to count the chickens before they hatch or be too optimistic but think this time, we could exceed 100m - D

I'll be damn disappointed if it falls below my expectations. Hoping for the best.
03/01/2020 9:06 PM
gemfinder I guess c
03/01/2020 9:34 PM
Panorama1 https://youtu.be/ZFbmJaGFEJU
Nunc Aut Nunquam :-)
06/01/2020 9:18 AM
sheldon A minor erection but whether it's sustainable
06/01/2020 11:14 AM
Choivo Capital Oil price went up Oct to Dec, but price of finished goods may not necessarily increase in tandem, or higher.

When it comes to predicting quarters its hard to say, unless you know the exact spread movements.

===
Posted by sheldon > Jan 3, 2020 9:06 PM | Report Abuse

The guessing game for the 4th qtr 2019 earnings ...

A Loss
B 0 - 50m
C 51 - 100m
D - > 100m

I hate to count the chickens before they hatch or be too optimistic but think this time, we could exceed 100m - D

I'll be damn disappointed if it falls below my expectations. Hoping for the best.
06/01/2020 11:19 AM
gemfinder yes yes yes
06/01/2020 12:17 PM
john0909 @sheldon, realistically speaking, to be honest, expecting an exceed of 100m (means 37cents of EPS) is abit of over optimistic for me... at least from my data generally it is not that impressive yet to make a net profit of >100mil... again i do really wish that i'm wrong and you were right though...
06/01/2020 1:47 PM
Equityengineer Seems moving up in tandem with oil counters. Let’s stop at 6 before QR
06/01/2020 2:02 PM
gemfinder rm6 is achievable
06/01/2020 2:04 PM
Equityengineer Need to go back to over 30 cents eps next 2-3 q then chances price will double . Any take on dividend this year ?
06/01/2020 3:00 PM
sheldon So Choivo Capital & john0909 - what're your respective answers?
06/01/2020 3:12 PM
Choivo Capital No idea, beyond it should make 200m or so owners earnings (normalized downwards) this year.
06/01/2020 3:31 PM
sheldon Actually it's bad luck to predict lofty targets.

Also lofty targets make it easier to perform below expectations causing a disappointment.
06/01/2020 4:30 PM
PH_1_term Petrol RM 1.5 why must cheat before GE14?
16/01/2020 10:49 PM


 

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