[PETRON MALAYSIA REFINING & MARKETING BHD：原油和制成品之间的价差缩小]

本季度的收入维持在29.14599亿令吉，因为销量的增长被布伦特原油价格较去年同期下降7％到每桶63美元所抵消，原油和制成品之间的价差缩小以及Tapis的价格上升比布伦特原油溢价。本季度的税前利润为3966.9万令吉，上一季度为4780.3万令吉。在2019年全年，库存的按市值计价导致未实现的亏损，导致净收入从去年的2.2454亿令吉下降21％至1.77126亿令吉。

前景：
于2020年初生效的新国际海事组织（IMO）法规降低了船用燃料中的硫含量，可能会影响原油和成品的供求。除了中东的地缘政治紧张局势和美中贸易协定的第二阶段外，从2020年初开始的冠状病毒爆发给全球经济前景带来了不确定性。长时间的大流行会影响对石油产品的需求以及炼油活动。由于全球经济疲软将对出口部门造成压力，马来西亚的GDP增长预计将放缓。在充满挑战的环境中，公司仍将重点放在追求长期战略计划上。
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James Ng Stock Pick Performance:
Since Recommended Return:

a) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM1.45 (dividend RM0.04) in 1 year 7 months 8 days, total return is 108.4%

b) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.44 (dividend RM0.04) in 1 year 8 months 19 days, total return is 86.2%

c) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM2.51 (adjusted)(dividend RM0.055) in 9 months 18 days, total return is 53.6%

d) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.75 in 1 Year 1 month 29 days, total return is 30.4%

e) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM1.77 (dividend RM0.148) in 1 Year 5 months 13 days, total return is 20.6%

我希望将我的策略分享给读者，希望他们在阅读后能够表现出色。我正在使用基本面分析（Fundamental Analysis）：

预计公司每年的增长率必须> 14％

我想说服读者学习基本面分析FA以便能从股市赚钱。

我为想从马来西亚股票市场赚钱的读者提供STOCK PICK服务。想订阅我的邮件以从股票市场获取良好回报的人，可以通过jamesngshare@gmail.com 或我的FB页面与我联系。

1)【看懂年报和季报】课程:
11a.m. – 7p.m.，免费茶和咖啡

7月5日星期日：Espira Sri Petaling, KL 3份点心

7月11日星期六：Silka Johor Bahru Hotel, Johor Bahru 7份点心

7月19日星期日：AG Hotel Penang, George Town 2份点心

2)【股票-实际操作班】课程：
10a.m. – 9p.m.，免费午餐和晚餐

7月4日星期六：Espira Sri Petaling, KL

7月12日星期日：Silka Johor Bahru Hotel, Johor Bahru

7月18日星期六：AG Hotel Penang, George Town

有兴趣的朋友，可以电邮或PM FB page联络我
email：jamesngshare@gmail.com
电话/Whatsapp : 011 - 15852043

Facebook Group: https://www.facebook.com/groups/jamesinvesting

这个是我的TELEGRAM Group链接，大家可以在这个Group获知何时做Fb live: https://t.me/joinchat/LhwHNhdU1fDgxrSafTrTiw

请大家来Follow James的Instagram，获取最新的资讯：jamesnginvest

这个分享纯属讨论以及领域的分析，买或卖自负。请Like和Share这个post。最终决定永远是你的，谢谢。

James Ng
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[PETRON MALAYSIA REFINING & MARKETING BHD: narrowed price differentials between crude and finished products]

Revenue for this quarter was sustained at RM2914599 thousand as the increase in sales volume was negated by the 7% decline in Brent crude price of US$63 per barrel compared to last year, narrowed price differentials between crude and finished products as well as increase in Tapis premium over Dated Brent. PBT for this quarter is lower at RM39669 thousand compared to RM47803 thousand in the preceding quarter. For the full year 2019, the mark-to-market valuation on inventory led to unrealized loss, resulting in net income dropping by 21% to RM177126 thousand compared to RM224540 thousand in last year.

Prospects:
The new International Maritime Organization (IMO) regulation which took effect at the start of 2020 imposed a reduction in sulfur content in marine fuels and is expected to impact the supply and demand of crude and finished products. Apart from geopolitical tensions in the Middle East and the second phase of the US-China trade deal, the coronavirus outbreak which started in early 2020 posed uncertainties in the global economic outlook. A prolonged extent of the pandemic can affect demand for petroleum products as well as refining activities. Malaysia's GDP growth is expected to slow down as the weakening global economy will weigh on export sector. Amidst the challenging environment, the Company remains focus on pursuing its long-term strategic programs.
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I wish to share my strategy to readers, hope that they can perform well after reading this. I am using Fundamental Analysis:

the forecasted growth of a company must > 14% per year

I wish to convince readers to learn FA in order to make money from stock market.

I am providing STOCK PICK SERVICE for readers who want to make money from Malaysian stock market. Those who want to subscribe to my mailing list to achieve a good return from stock market, you can contact me at jamesngshare@gmail.com or PM me in my FB page.

This sharing is purely a discussion and analysis of the sector, buying or selling at your own risk. Please Like and Share this post. Final decision is always yours, thank you.

James Ng