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Overview
Financial Highlight
Headlines
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.
  Azam Sahlan no research house is covering this counter is it? cant find any except for RHB in mar 2020 13/05/2021 11:43 AM sheldon Isn't Petron & Petdag business very similar? Puzzling that their share price seem to be oppositely corelated? 17/05/2021 11:07 AM Diamond7 Must call KYY here.. Put up a blog... Then everyone will know petron is good...undervalue counter Cash rich too!!! 18/05/2021 8:45 PM sheldon 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! 28/05/2021 3:21 AM  Cakes Moon The result is superb, oil price break $70. PetronM should be shooting up very soon. 01/06/2021 11:10 AM DickyMe 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. 15/06/2021 8:43 PM limkokthye wasted , oil price up so much, but petrol sales very low because lockdown 30/06/2021 10:33 PM  IronShirt PetR hard hit by 1 month lockdown and now KL/Sel lockdown....bad Qr results for sure, just buy and throw inside freezer 04/07/2021 6:30 PM aleroe Earnings out — good profit despite the lock-downs Revenue actually up on Q-on-Q basis 26/08/2021 5:07 PM  Sslee 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 03/09/2021 8:33 AM firehawk 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? 03/09/2021 8:42 AM Sslee 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 03/09/2021 8:56 AM firehawk 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. 05/09/2021 10:02 PM firehawk 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 ....... 05/09/2021 10:31 PM firehawk 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 05/09/2021 10:52 PM Sslee 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. 06/09/2021 7:46 AM  EatCoconutCanWin Software stock in focus, myeg, ctos,ramssol, mpay, revenue, buy in before shooting up 06/09/2021 8:06 AM  kevinobc https://www.reuters.com/business/energy/oil-prices-climb-after-drawdown-stocks-positive-demand-outlook-2021-09-15/ 16/09/2021 11:02 PM BursaRangers https://klse.i3investor.com/blogs/BursaRangersTechnicalPicks/2021-09-27-story-h1591781757-BursaRangers_Daily_Technical_Picks_28_September_2021.jsp 27/09/2021 7:53 PM Diamond7 When economy reopens People will start driving n use petrol.. Aeroplanes will fly. 28/09/2021 6:12 AM  | |
