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2024-06-12 20:01 | Report Abuse
PetronM faces a threat from Saudi Aramco’s possible entry into Malaysia’s fuel retailing market, on top of the impending withdrawal of fuel subsidies, CGS International warned.
Aramco is reportedly negotiating to acquire Shell’s 950 retail fuel stations in Malaysia, which if a deal materialises, could heighten competition in the country, CGS said. Aramco will rebrand the stations and will offer promotions to retain existing customers and attract new ones, it said.
That “could be a potential de-rating catalyst” for PetronM. PetronM has 770 stations at present day where Shell’s 950 stations probably register higher sales due to first-mover advantage and multiple strategic locations in high-traffic areas.
Reuters reported on Monday (May 6) that Aramco has been in talks with Shell since late 2023 for the deal that could be worth up to US$1 billion (RM4.74 billion).
“We think that higher pump prices could encourage carpooling and disincentivise the unlawful moving of subsidised fuel to foreign countries,” which may ultimately reduce PetronM sales volume, the research house said.
2024-06-12 19:51 | Report Abuse
Guess CharlieM sold PetD and wanna grab even lower price, way lower than Covid pandemic period! Sorry, PetD will never be yours forever!
2024-06-12 19:03 | Report Abuse
I m still holding hibiscus… have to hold with brave heart… cheers…
2024-06-12 17:14 | Report Abuse
Once again, Comrades, let say thank you to bro Pang and xuxu for buying high from us! We gonna hv another round of lobsters and abalones as dinner + shark fin soup to rinse mouth! Haha! Oh ya, we will not forget to leave the remaining unfinished foods, for instance bones and skeletons to Bro Pang and xuxu!
2024-06-12 17:10 | Report Abuse
Once again, Comrades, let’s say big thank you to Bro Pang and xuxu for buying high from us, all the way from 0.88 to 0.81! Haha! Let’s hv abalones, shark fin soup and lobsters for dinner! Of course, will leave the skeletons to Bro Pang, xuxu, shark and monetary! Haha!
2024-06-12 15:40 | Report Abuse
Remember without good reason that share price shooting to the moon ie profit breaking new high, bursa would not hesitate to issue UMA.
2024-06-12 15:29 | Report Abuse
Tenaga is doing really hard to help KLSE index up! It is your time to perform, Petronas Dagangan!
2024-06-12 15:26 | Report Abuse
Furthermore, Petronas Dagangan could drag KLSE index down! Goodness! It is time to proof that you r better and help the index up above 1800+!
2024-06-12 15:18 | Report Abuse
Worse still, share price is selling cheap than companies producing alcoholic beverages!
2024-06-12 15:16 | Report Abuse
It is a not a pride, but shame as Malaysians, looking at such poor share price performance by Petronas Dagangan!
2024-06-12 15:09 | Report Abuse
Value investors do the maths and should appreciate this golden opportunity to buy and hold!
2024-06-12 15:06 | Report Abuse
Current share price of 17.70 is a sort of market value during Covid pandemic! Not now!
2024-06-12 15:00 | Report Abuse
Perhaps manipulation by certain parties….
2024-06-12 15:00 | Report Abuse
QR bad but share moving north unreasonably!
2024-06-12 14:59 | Report Abuse
I hope Bursa opening UMA file against Vitrox!
2024-06-12 14:58 | Report Abuse
Guess vitrox would get UMA soon!
2024-06-12 14:56 | Report Abuse
Believe gov would intervene if any fuel operators hurting Petronas business… therefore, buy and hold PetD with peace of mind…
2024-06-12 14:49 | Report Abuse
Saudi Aramco is working hand in hand with Petronas Malaysia in the refinery fuel business in Johor. It is difficult to penetrate the local market which dominated by Petronas. Many fuel operators such as Shell etc giving up the Malaysia markets due to low profitability and gov regulations, thus, could not win against Petronas.
2024-06-12 11:56 | Report Abuse
I m not greedy, TP 1.50-1.55… gonna take profit soon…
2024-06-12 11:52 | Report Abuse
I m merely hunting for good fundamental stocks with strong upside potential, buy low sell high.
2024-06-12 11:42 | Report Abuse
Comrades, let’s say big thank you to Bro Pang and xuxu for buying high from us!
2024-06-12 11:42 | Report Abuse
Comrades, let’s say big thank you to Bro Pang for buying high from us!
2024-06-12 11:31 | Report Abuse
We cash out happily first and enjoy our abalones, shark fins soup and lobsters for few days… life is so good for buying low and dump high to Bro Pang etc… rather than having sleepless nights for chasing high…
2024-06-12 11:28 | Report Abuse
Go and study Vitrox QR! You will be surprised that how non-intelligent of your sudden adrenaline rush to chase Vitrox above 5.50! Haha!
2024-06-12 11:26 | Report Abuse
Good Luck Late comers! We will leave skeletons and bones for you all… no worries… haha…
2024-06-12 10:50 | Report Abuse
Comrades, you may take some profits and remember to leave the remaining bones and skeletons to Bro Pang…
2024-06-12 10:49 | Report Abuse
Bro Pang always miss the boat…
2024-06-12 10:48 | Report Abuse
After massive selling pressure from Bro Pang, Greatec rebounding stronger to 5.46! LOL!
2024-06-12 10:36 | Report Abuse
After massive selling pressure from Bro Pang, Frontkn rebounding stronger to 4.72! LOL!
2024-06-12 10:24 | Report Abuse
Let’s the late comer, bro Pang, enjoying the bones and skeletons… we gonna get many days of abalones, lobsters, shark fins soups for dinner… bye Bro Pang…
2024-06-12 10:16 | Report Abuse
Bingo! May the force be with us all!
2024-06-12 10:09 | Report Abuse
Indeed… but must let Bro Pang enjoying the remaining of the food first…
2024-06-12 09:56 | Report Abuse
Congrats my comrades for disposing Vitrox above 5.50! Serve you right Bro Pang for chasing Vitrox at 5.90!
2024-06-12 09:52 | Report Abuse
Comrades, another round of lobsters and abalones as dinner + shark fin soup to rinse mouth! Haha! Oh ya, don’t forget to leave the remaining unfinished foods, for instance bones and skeletons to Bro Pang!
2024-06-12 09:18 | Report Abuse
Bro Pang going crazy, wasn’t he kept on selling mi?! And now mi gone up, accusing me for disposing mi…
2024-06-12 09:17 | Report Abuse
After massive selling pressure from Bro Pang, MI rebounding stronger to 2.63! LOL!
2024-06-12 09:16 | Report Abuse
After daily massive selling pressure from Bro Pang, Shark* & Monetary*, cloudpt rebounding stronger to 0.85! LOL!
2024-06-12 09:15 | Report Abuse
After daily massive selling pressure from Bro Pang, Shark* & Monetary*, cloudpt rebounding stronger to 0.845! LOL!
2024-06-12 09:11 | Report Abuse
After massive selling pressure from Bro Pang, Frontkn rebounding stronger to 4.50! LOL!
2024-06-12 09:10 | Report Abuse
After massive selling pressure from Bro Pang, Greatec rebounding stronger to 5.38! LOL!
2024-06-12 09:10 | Report Abuse
After daily massive selling pressure from Bro Pang, Shark* & Monetary*, cloudpt rebounding stronger to 0.82! LOL!
2024-06-12 09:05 | Report Abuse
Congrats my comrades! Haha! We r laughing to the bank!
2024-06-12 08:50 | Report Abuse
There are at least 80+ data centers upcoming to be ready soon and more in the future… you do the maths, you should know how much TM and Timecom wil earn…
2024-06-12 08:45 | Report Abuse
Remember this port in service is long term service! In other words, developers earned one time profit, but TM/ Timecom would harvest the fruits by providing the data center port in services long term.
2024-06-12 08:40 | Report Abuse
Yes, Sharun, you r right. All data centers need ports from telco, commonly are monopolized by either TM or Timecom.
2024-06-11 21:53 | Report Abuse
Typical Bro Pang non stop selling PIE… he should face the musics very soon as his bad intention of dumping this gem will make him fall behind the megatrend forever…
2024-06-11 17:06 | Report Abuse
Stop acting smart and talk nonsense here, Bro Pang! We all know you didn’t manage to scoop this wonderful shares at low…. Haha…
2024-06-11 17:04 | Report Abuse
Hello Bro Pang! I yet to sell any Vitrox shares! Will dump Vitrox shares to you, Bro Pang with any price above 5!
Stock: [PETDAG]: PETRONAS DAGANGAN BHD
2024-06-12 20:27 | Report Abuse
CharlieM, Please go and spread this news to PetronM group!