Thanks David for the hardwork, by the way just want to add 2 additional points :

1) Forex Rate, USD exchange rate against MYR is 4.4265 on 31/3/2017, where as the rate at 30/6/2017
is 4.294 there is about 3% improvement for MYR. This will in a way benefit Petronm, however how big will be the impact is hard to estimate as due to their Forex hedging contracts details is not available.

2) FY2017 Free Cash Flow might be around $100 mils lower due to the budgeted $150 mils Capex for this FY. Previously Petronm spend about $50 mils Capex per FY, hence this FY Free Cash Flow is expected around $210 mils.

So far not yet.

@ Truetalk, in fact they did not reply me in written form, but they promised they will post the questions & answer on their website on the later date.

Refinery margin still staying at a very healthy zone

http://in.reuters.com/article/asia-refinery-idINL4N1JY2A3

Abang Petronm, hari ini u ada minum RedBull + Tongkat Ali ah ????

Ha ha ha........ u have a nice day

Oh ! Ok thanks

@ Newmaster, where did u get this data ? Do u mind to share the link/source ??

Thanks in advance

Ha ha.... experts come out again !!

@ OOMMGG, thanks to pointing out my mistakes.

Cheers

@ Jay, take it easy. I know it is very annoying, that is why I choose to stay away from the forum whenever there is a big up or big drop cause there will be many so call experts jump up to put up a show to "show off".

Investment is fun learning process.

Cheers

In fact Asia region refinery margin had been climbing despite the oil price thumble.

I just look at facts & figures !

http://m.timesofindia.com/business/international-business/asia-pacific-crude-august-malaysian-vietnamese-premiums-continue-rise/articleshow/59252494.cms

So many experts !!

Ha ha ha....... good to see that.

@ Newmaster, Q2 not even finished how to predict Q3 ???

Whereas Q2 concern, to me I agreed with Jay's opinion, my aim is 30 odd cents EPS, anything more will be bonus.

Oil refinery margin is climbing despite oil price going down. To me this is good news for refinery business but I m not predicting short term share prices movements. Just let the market forces take its own path.

Good luck & happy investing

http://m.timesofindia.com/business/international-business/asia-fuel-oil-refining-margins-resume-their-climb-ahead-of-rising-summer-demand/articleshow/59235269.cms?from=groupmessage&isappinstalled=0

Petronm & Petdag last minutes buy up with quantity before the close maybe due to this news.

AGM highlights

1) refinery margin & refined products prices still staying at a healthy region so far.

2) for 2017 there are 16 new petrol stations up & running, another 23 new petrol stations up but pending various approval documents to join in operations, in other words reasonably good growth is expected in FY2017

3) company market share stand at 19% (as at Q1 2017), 2016 : 17.4%, 2015 : 16.6%

4) 2017 management will be focus new market developments , product innovation & promotions & operations efficiency to achieve targeted growth

5) as for refinery upgrades, management stated still in the early study stage, where no further information is provided. Funding, the management not rule out of right issue + other sources

Overall I m quite happy with the progress of the company, long term investment is good but no comment on short term share prices movements

Ha ha ha.....some people can't wait to sell, some people quietly & slowly buy, let it be lah..... no right & no wrong !! Let the market decide.

Asia refinery margin jump to 2-1/2 years high !!

As long as the refinery margin stay healthy, one off stock loss is manageable. And if the margin can stay until end of June, I foresee another solid quarter results.

https://www.hellenicshippingnews.com/asia-fuel-oil-cracks-jump-to-2-12-year-high-as-inventories-dive/

Petronm, PetDag & 2 of the Shell Sdn Bhd are on the list.

Surprisingly HengYuan not on the list

http://www.klsescreener.com/v2/news/view/242553

The reason on above answers is I asked the same question to Petronm management before.

@ Jeff, with regarding the next schedule refinery plant Maintenance will be at 4th Qtr 2018, unless the new upgrade will be taking place early than that.

Whereas choppy earning always part of refinery business due to its nature. This is mainly due to oil prices, refinery margin & forex rate are all external factors, the management only can mitigate part of it through some hedging.

FIFO inventory system is their company policy & I guess they will not change it easily unless there is a needs to.

Steel industry I m not too familiar, so can't really comment on this.

By the way I just drop u a email.

Cheers

U are welcome

Another good news, PetronM is selected to be included in FTSE Bursa Malaysia Mid 70 Index companies

http://www.theedgemarkets.com/article/no-changes-klci-constituents-after-review

Just sharing useful info only !

Cheers

Asia Gasoline refinery margin even higher than Jet fuel refinery margin due to shortages!

Hang on tight for the good run for refinery business

http://www.klsescreener.com/v2/news/view/240099

@ Jay, in fact yes, a lot of end user switching to Petron gasul LPG, the reason behind it is because the agents are pushing it very hard as they are getting higher sales commission from Petron compare to others supplier. My friend is one of the agent.

Sure David

Ha ha ha..... nothing much !

Refinery margin still staying at healthy zone

@ teo44, sorry I think u got mix up, I did not hold any IQ shares

Ok, thanks

@ Alex, what is your email address ?

Ha ha ..... sure ! Petronm will treat us coffee

Yes, The hotel is next to KLCC and come early & we can have a coffee or something. I think a lot of shareholders will be attending This AGM

Ha ha.... I guess u should take some light lunch.

Last year they gave lunch box + door gilf !

This year I m not too sure, since it is the 5th Anniversary & the meeting will be held at Mandrin Oriental

Yes, I will attend the coming AGM,

whereas how much will it be value, I guess it is very subjective, and it depend on how optimistic about the future earning. Let say if Petronm FY2017 EPS around to$1.10 to $1.20 (which they have to earn another $0.70 ~ $0.80 for the next 3 quarters) I guess conservatively u can apply PE of 8 for it.

Whereas the Free Cash Flow, I hope this FY can get $320-$340 mils.

For long term investment, heart must be steady.

Just take it easy.

RXX Investment Bank is working on the the damages limitation, what do your expect ?

Ha ha ha.....

Other than COGS is up (suspected due hedging reason) compared to last Qtr (4th Qtr 2016), majority of the figures is quite encouraging.

1) Free Cash Flow = $91 mils
2) debts reduced to $251.5 mils (Revolving Credit is reduced to $110 mils as compared to $150 mils last Qtr)
3) Cash on hand = $204.8 mils
4) Inventory had reduced too, however if u added in the forward contract the reduction is not very substantial.
5) ROE is increased from 20+% to 25+%

Figures wise is quite encouraging, however share price as usual it has always been unpredictable.

Liquidity is the major limitation for fund to hold this counter.

@ Alex, I personally think is due to brent oil hedging.

Free Cash Flow = $91 mils, very solid

Just as expected $0.40, good cash flow as well. Total cash on hand 204 mils, cash from operations $130 mils & debts reduced by $56.5 mils ! Solid figures

As for Petronm, the concern now is on the funding for the upgrade, USD 1.5 billions is a lot of money, some investors is wary of right issue.

Anyway let see what is the big plan

It is the average refine product selling price, not the Brent crude oil price

In HengYuan report stated refinery margin is better than last Qtr, and the average refine product price is higher.

Good news for Petronm

1) Brent Oil price is stable around at USD 52,
2) Refinery margin is staying at healthy zone (USD7+ per B),
3) RM is gradually getting stronger vs USD
4) Petronm is due to release a solid first Qtr result

I can't there is anything to worry at the moment.

If Oil price is stable then Petron Corp monthly net income can at least hit 2 billions peso.

Using conservative 25% contribution to calculate, Petron Malaysia Operation (included 2 non listing subsidiaries) will be around RM43.5 mils, Which means that Petronm estimate net monthly can hit RM37-38 mils

http://www.bworldonline.com/content.php?section=Corporate&title=petron-expects-p2-b-profit-a-month&id=145348&from=groupmessage&isappinstalled=0

Remember to fill up your car at Petron station tomorrow, petrol price is expected to raise by Thursday.

Fuel Happy

Cheers

Just think of it, after the upgrade.

PetronM = PetDag (smaller size) + HengYuan (bigger size) + PChem (Mini size)

What is the value ????