ATARAHPetronas recently hogged the limelight after the government announced that the state-owned energy company will release RM30 billion in dividends, prompting some rating agencies to turn negative on its outlook.
The government, however., defended the move, saying that the national oil company has ample cash reserve.
30/11/2018 8:50 AM
trulytmr limited down... COMING 20 cent.... run while you can 20 kenderaan tersadai selepas isi minyak Petronas
James Nghttps://klse.i3investor.com/blogs/general/190292.jsp [转贴] [Facebook live:浅谈Petronas Dagangan bhd (PetDag)] - James的股票投资James Share Investing
16/01/2019 10:27 AM
MCA_“They promised to set the price of petrol at RM1.50 per litre. Now, it’s more like RM1 for half a litre. The price has just gone up by six sen. Read more at https://www.thestar.com.my/news/nation/2019/01/21/fulfil-promises-pakatan-told/#AsI9GH2JrLFqrXr3.99
DickyMeFossil fuel will go the way of Dutch's TULIP.. Alternative energy sources are being aggressively developed. West understands the problem of being dependent on fossil fuel and the arrogance of the countries producing it. They are moving towards self reliance.Say good bye to oil.
3iiiPetronas Dagangan - Weaker Earnings From Decline in MOPS Prices Author: sectoranalyst | Publish date: Wed, 27 Feb 2019, 12:06 PM
INVESTMENT HIGHLIGHTS
Petronas Dagangan Bhd’s (PetDag) 4QFY18 earnings slumped by -83.2%yoy to RM46.7m Revenue increased by +10.0%yoy while sales volume increased marginally by +1.0%yoy Fourth interim dividend of 25.0sen declared
Maintain NEUTRAL with unchanged TP of RM27.53 per share
Below expectations. Petronas Dagangan’s 4QFY18 reported earnings declined by -83.2%yoy to RM46.7m despite a +10%yoy increase in revenue mainly attributable to:
(i) the decline in MOPS prices in November and December; (ii) higher operating expenses and; (iii) higher spending on advertising and promotions.
On a quarterly sequential basis, revenue is supported by volume growth from its commercial segment by +4.0%qoq. FY18 earnings accounted for 84.5% and 82.0% of our and consensus full year FY18 earnings estimates respectively.
Retail segment. Segment revenue increased by +2.6%yoy due to higher sales volume of +3.0% mainly contributed by Diesel. However, segment profit slumped by >100% due to:
- margin compression as a result of decline in MOPS prices in November and December for Mogas and Diesel as well as; - higher product costs for LPG.
Additionally, there was also higher spending on advertising and promotion during the quarter.
Commercial segment. Segment revenue grew by +18.6%yoy mainly attributable to increase in average selling price by +20.0%yoy despite a -22.8% decline in volume due to the shifting of Diesel customers from Commercial segment to Retail segment as well as; decline in fuel oil volume decreased due to lower customer demand. This however, was negated by higher sales of Jet A1 contributed by increased demand from major customers.
Impact on earnings. No changes to earnings forecasts pending an analyst briefing to be held today.
Dividends. In line with its lower earnings, PetDag declared a fourth interim dividend of 25.0sen (vs 49.0sen in the same period last year). This brings its full-year dividend to 70.0sen which represents 82% payout of profit.
Petronas Dagangan Bhd’s (PetDag) 4QFY18 marred by inventory lag losses
Investing in 10-15 new stations in FY19
Aggressive marketing efforts to continue
Newly refurbished station to cushion FY19 earnings
FY19F earnings revised down slightly by -5.5%
Maintain NEUTRAL with a revised TP of RM27.02 per share
Earnings marred by inventory lag losses. To recap, Petronas Dagangan’s 4QFY18 reported earnings declined by -83.2%yoy to RM46.7m despite a +10%yoy increase in revenue mainly attributable to: (i) the decline in MOPS prices in November and December; (ii) higher operating expenses due to aggressive asset refurbishment during the quarter and; (iii) higher spending on advertising and promotions. The inventory lag losses due to the rapid decline in crude oil price back in November and December 2018 resulted in a decline of RM232.6m in profit after tax when compared against the same period last year.
Retail segment. Segment revenue grew by +3.0%yoy premised on higher volume +4.0%yoy mainly attributable to shifting of diesel customers from commercial to retail. However, earnings declined by >100%yoy due to: (i) inventory lag losses and; (ii) higher spending on advertising and promotion.
Commercial segment. Similarly, commercial segment revenue grew by +19.0%yoy mainly attributable to improved volume of Jet A1 and Fuel Oil. However, the segment recorded marginally lower volume by -1.0%yoy mainly due to Diesel following the shift to retail segment.
LPG segment. As for the LPG segment, it recorded flat revenue of +0.3%yoy following marginal increase in demand of +1.0%yoy from retail segment following intensive marketing activity undertaken during the quarter.
Lubricant segment. Segment revenue increased by +6.0%yoy due to increase in volume by +2.0%yoy. The increase in volume is due to higher demand from customers.
Source: MIDF Research - 28 Feb 2019
28/02/2019 12:58 PM
laosaiProfit drop 83% YOY and Ron 95 max RM 2.08 why good?
AFTER a long and tedious wait, the country’s oil and gas (O&G) services companies are finally beginning to enjoy the benefits of better crude oil prices and increased upstream spending by oil majors.
But while some listed companies have started to see a positive turnaround in the latest results season, The Edge has learnt that some smaller vendors have yet to be paid, even though they have completed their subcontracts.
Hey, last 2 year their loan interest was around 7-14% . Who was not paying them :( Extended tenure and increase of interest up to 25% .... payment for their financier was dragged up to 1-3 years (Flex muscle).
18/03/2019 11:54 PM
LATO' SELIPETDAG got nothing to do with Upstream business, they are mainly marketing/trading company , buy and sell from/to local suppliers & customers. Vry small volume trade through open market ; not much affected by crude/product price
03/04/2019 10:26 AM
James Nghttps://klse.i3investor.com/blogs/general/203087.jsp [转贴] [Facebook live:浅谈Petronas Dagangan bhd (PetDag)] - James的股票投资James Share Investing
mr yongMALAYsia oil and gas company all HUGE DEBT ,Crude oil price low oil n gas sector DIE ，biggest exporter EURO don't want PALM OILplantation sector DIE ,IMDB HUGE debt,Tabung HAJI billion billion losses ,household DEBT 80% GDP MALAYsia people NO MORE purchasing power BANk and PROperty sector will going SlowDOWNn ,GOVT DEBT nearly 1 TRILLION GOVT no more MONEY do Infrastructure CONstuction sector DIE .OIL and PALM OIL contribution GDP 40% ,MALAYsia deficit,malaysia GOVT selling asset HK property selling TELCO asset to FOREIGN company,SOVEREIGN fund khazanah selling stock ,EPF selling stock,FOREIGN FUND selling malaysia BONDS ,Economy RECESSION..MALAYSIA CRISIS induced ASIAN FINANCIAL CRISIS 2019.
3iiiProfit before taxation increased by RM26.6 million following improved margins and higher volume from Jet A1 and Diesel.
28/05/2019 7:45 PM
James Nghttps://klse.i3investor.com/blogs/general/209640.jsp [转贴] [Facebook live:浅谈Petronas Dagangan bhd (PetDag)] - James的股票投资James Share Investing
04/06/2019 9:15 PM
Sami_ValueThe SETEL apps is sensational. It is so convenient that it beats Boost @ Shell & Wechat @ Petron.
04/06/2019 10:41 PM
stingray_eastingray_ea( 100% Candlestick,simple,fast,high accuratecy No Trendline, UpDown,Z,M,N,W Reverse lines, U,F,O turns. No Indicator No News No FA / TA Go deep into operator mind and read their steps Go deep into retailer mind and read their steps after operator actions )
I believe telco, tenaga and oil company will be foreign investor next target.
Just guessing, insurance premium for Oil tank for Malaysia will be cheap and route to taiwan,japan , china and korea much safer compare with middle east.
Agree ???
18/06/2019 11:52 AM
stingray_eastingray_ea( 100% Candlestick,simple,fast,high accuratecy No Trendline, UpDown,Z,M,N,W Reverse lines, U,F,O turns. No Indicator No News No FA / TA Go deep into operator mind and read their steps Go deep into retailer mind and read their steps after operator actions )
furthermore japan in full recovery stage. Oil demand foe Japan will increase too.
18/06/2019 11:55 AM
stingray_eastingray_ea( 100% Candlestick,simple,fast,high accuratecy No Trendline, UpDown,Z,M,N,W Reverse lines, U,F,O turns. No Indicator No News No FA / TA Go deep into operator mind and read their steps Go deep into retailer mind and read their steps after operator actions )
WoW , my prediction not bad TM up 16, hit 3.89
18/06/2019 4:07 PM
stingray_eastingray_ea( 100% Candlestick,simple,fast,high accuratecy No Trendline, UpDown,Z,M,N,W Reverse lines, U,F,O turns. No Indicator No News No FA / TA Go deep into operator mind and read their steps Go deep into retailer mind and read their steps after operator actions )
Tenaga not bad, Korea , Japan and Taiwan lack of natural resources. Malaysia Oil company will be their target
18/06/2019 4:17 PM
stingray_eastingray_ea( 100% Candlestick,simple,fast,high accuratecy No Trendline, UpDown,Z,M,N,W Reverse lines, U,F,O turns. No Indicator No News No FA / TA Go deep into operator mind and read their steps Go deep into retailer mind and read their steps after operator actions )
petdag is better position compare to east asia countries.
18/06/2019 4:25 PM
stingray_eastingray_ea( 100% Candlestick,simple,fast,high accuratecy No Trendline, UpDown,Z,M,N,W Reverse lines, U,F,O turns. No Indicator No News No FA / TA Go deep into operator mind and read their steps Go deep into retailer mind and read their steps after operator actions )
I like to predict here predict there. Like what I predict TM and Tenaga before. Both become Tongkat Ali now I can't stop them. Susah susah not my fault
Guess what is the next oil trend ?? I know Oil now and next but I keep it for my secret.
petdag is Oil taikor. invest little here. if happen for third and 4th incident oil tanker got attack and BOMMMMM on east asia. I believe Oil price will shoooooooooot up.
Petdag will become tongkat Ali....90 degree UP for few days.
19/06/2019 6:07 AM
stingray_eastingray_ea( 100% Candlestick,simple,fast,high accuratecy No Trendline, UpDown,Z,M,N,W Reverse lines, U,F,O turns. No Indicator No News No FA / TA Go deep into operator mind and read their steps Go deep into retailer mind and read their steps after operator actions )
I like to predict here predict there. Like what I predict TM and Tenaga before. Both become Tongkat Ali now I can't stop them. Susah susah not my fault
Guess what is the next oil price movement?? I know the answer but I keep it for my secret.
petdag is Oil taikor. invest little here. if happen for third and 4th incident oil tanker got attack and BOMMMMM on East Asia. I believe Oil price will shoooooooooot up.
Petdag will become tongkat Ali....90 degree UP for few days.
Who want bet ?? Place you booking now....
19/06/2019 6:11 AM
stockraiderIf u bet on oil price up, why waste time with Petdag leh ??
Petdag is just a petrol station retailer of oil mah...if price up they make very little and whereas price down they lose little mah..!!
Actually Petdag not an oil company and not even a refinery, they just a distributor on behalf of their parent Petronas mah...!!
U go & buy hibiscus or Sapnrg they are more reflective of performance of oil price loh...!!
Posted by stingray_ea > Jun 19, 2019 6:11 AM | Report Abuse
stingray_ea( 100% Candlestick,simple,fast,high accuratecy No Trendline, UpDown,Z,M,N,W Reverse lines, U,F,O turns. No Indicator No News No FA / TA Go deep into operator mind and read their steps Go deep into retailer mind and read their steps after operator actions )
I like to predict here predict there. Like what I predict TM and Tenaga before. Both become Tongkat Ali now I can't stop them. Susah susah not my fault
Guess what is the next oil price movement?? I know the answer but I keep it for my secret.
petdag is Oil taikor. invest little here. if happen for third and 4th incident oil tanker got attack and BOMMMMM on East Asia. I believe Oil price will shoooooooooot up.
Petdag will become tongkat Ali....90 degree UP for few days.
Who want bet ?? Place you booking now....
19/06/2019 8:30 AM
stingray_eastingray_ea( 100% Candlestick,simple,fast,high accuratecy No Trendline, UpDown,Z,M,N,W Reverse lines, U,F,O turns. No Indicator No News No FA / TA Go deep into operator mind and read their steps Go deep into retailer mind and read their steps after operator actions ) @stockraider,
good question.. haha
19/06/2019 10:32 AM
stingray_eastingray_ea( 100% Candlestick,simple,fast,high accuratecy No Trendline, UpDown,Z,M,N,W Reverse lines, U,F,O turns. No Indicator No News No FA / TA Go deep into operator mind and read their steps Go deep into retailer mind and read their steps after operator actions ) klci will test 1677.4 soon. US Oil demand get high.
19/06/2019 10:33 AM
stingray_eastingray_ea( 100% Candlestick,simple,fast,high accuratecy No Trendline, UpDown,Z,M,N,W Reverse lines, U,F,O turns. No Indicator No News No FA / TA Go deep into operator mind and read their steps Go deep into retailer mind and read their steps after operator actions )
The BIG problem is US president Mr Donald Duck will press DOWN the OIL price anytime to below 50 USD
