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2017-08-24 19:51 | Report Abuse
Guys, really nobody saw this?! Total debt drops from RM 58.5 million to RM 7 million! 8 times reduction of debt during a difficult time! I think management is still doing good job on this.
This will ensure Tek Seng to go through this with very few liabilities burden.
2017-08-11 06:42 | Report Abuse
US market just ends and Dow Jones LOST 200 points (or 1%), S&P 500 falls 1.5%, Nasdaq DROPS 136 points (2.1%), WTI Crude Oil Price FREE FALL 4%.
Malaysia stock market today laosai + Petron will see share price at 8.0 to 8.2 today.
2017-08-10 09:35 | Report Abuse
finally done selling remaining of my shares at 9? petron's realistic price is 7.5~7.8 for medium term. See you all lol
2017-08-10 05:34 | Report Abuse
Further down today till 8.5 ~ 8.6
2017-08-09 10:22 | Report Abuse
As a person works in a refinery as an engineer, I need to tell you guys that this is usual turnaround for a refinery in a 45 days period involving in certain units (For example, 3 days for cracking unit, 2 days for hydrogen unit, 5 days for diesel, 8 days for lubricant oil unit, 2 days for gasoil unit, 3 days for aromatic unit) and it is mainly for equipment like tanks, piping, pumps, dist column upgrade/changes/project MOC and etc...It is NOT entire plant shutdown.
Meanwhile the capacity of refinery will be affected but you do not expect it cut it half. I will say 20% is normal and max is 30% reduction of the capacity.
You all are being too optimistic here by assuming that implies to the huge reduction of Phillipines refinery income. Last quarter Phillipines: 73% vs Malaysia : 27% for income contribution.
Taking consideration of the 20% reduction of the capacity in 45 days, I will assume the income contribution will be about Philly:63% vs Msia: 37% of the 2.6 billion pesso profit.
Now 2.6 billion / 11.75 (Average exchange rate of ringgit vs peso) = 221.27 Mil ringgit.
PetronM income = RM 221.27 million * 37% = RM 81.7 Mil.
For malaysia segment, 85% petronm, 15% sister company., RM 88.5 * 85% = RM 69.6 Mil
Which is around RM 0.26 EPS. And to me this is still an optimistic scenario already.
Market is expecting something between RM 0.3-0.35 and this will be an under perform quarter to it. I am expecting the share price to drop down to RM 8+ in short term
2016-11-30 11:32 | Report Abuse
The only negative point I saw is Gadang's debt has been increasing in average 30% in the past 4 years.
Stock: [PETRONM]: PETRON MALAYSIA REFINING & MARKETING BERHAD
2017-08-25 09:18 | Report Abuse
all of your sifu who are working for the institutions after writting you all BS articles to lure you in, they are now collecting pocket money from the institutions