Eps is all time high and some still doubt the earnings record of the company and management, wonder what more they want from this dividend paying and debt free company ??

PE is reasonable and past 5 quarters were registering eps about 40 cts each, isn't this show company is ready to look at the investment of the expansion plan ?

Any further drop in price will make the pe getting so cheap to buy more by value investors and those cash strong players.

Few more days only result is released, I can wait hehehe

High chance eps for 2017 is the highest

Scary drop artificially done

lowprofileone Record year 2017 for Petronm due largely to better crack spread, expansion of petrol stations and consistent sales growth for its jet fuel.

On top of that, may declare higher dividend due to net cash position despite 14bil expansion plan which is still long way to go.

I will make sure Mr Ang read this msg to prevent the hell from breaking loose by taking preemptive measures before the announcement.

Thank you for the concern and input from the forum. Thank you again and again.

Didnt manage to catch HY CO, damn frust !

But caught only veri little on Petronm CM at 9s, sold at 11.5.......at least smthg right hahaha.

Next time must aim and work hard

Halite, pls share the joy we have here !

Rocket HY is juz to start engine for sky high

Monday will be super up trend onwards again. Huhu

Based on the various reports, Petronm profit shld also be record high for FY17, Monday fly all the d

stockraider Raider says alot of soochai like 3iii don know how to interpret this piece of good news loh....!!

Record-High Profits Amid Uncertain Variables
S. Korea’s Oil Refiners Expected to Surpass 8 Trillion Won in Surplus in 2017 For First Time
South Korean top four oil refiners are expected to post more than 8 trillion won (US$7.53 billion) in surplus last year for the first time in history.
South Korean top four oil refiners are expected to post more than 8 trillion won (US$7.53 billion) in surplus last year for the first time in history.
Seoul, Korea
15 January 2018 - 2:30pm
Jung Min-hee

The major four South Korean oil refiners are expected to post more than 8 trillion won (US$7.53 billion) in surplus last year for the first time in history thanks to stable oil prices and a boom in non-oil refining business, including petrochemical.
1ST OF ALL 2017 WILL RECORD SUPERB REFINERY PROFIT FOR ALL REFINERY THROUGH OUT THE WORLD MAH

According to oil refining industry sources on January 14, SK innovation Co., GS Caltex Corp., S-Oil Corp. and Hyundai Oilbank Co. are now summing up their sales performance in the fourth quarter last year and the combined operating profit of the four companies are expected to reach 2.1 trillion to 2.3 trillion won (US$1.98 billion to 2.17 billion).
2ND 4TH QUARTER WILL REGISTER WORLD RECORD PROFIT JUST LIKE HENGYUAN MAH....!!

The oil refiners saw their profitability improve in the fourth quarter because the global economic recovery boosted the refining margin of oil products, which is a profit subtracting the costs of crude oil and distribution from the market value of oil products, and heating demands in the winter were higher than expected. In the fourth quarter, the refining margin remained at the US$6 to 8 (6,372 to 8,496 won) level due to stable international oil prices, showing a stable profitability. Moreover, oil refining firms had a high naphtha spread, which is a profit subtracting the cost of crude oil from the value of naphtha, in the petrochemical sector, which has been focused by oil refiners as their oil refining phase-out strategy, owing to the rise in global demands.
GLOBAL ECONOMY RECOVERY BOOSTED REFINERY MARGIN. STRONG WINTER BOOSTED DEMAND FOR HEATING,,,ALSO NAPTHA SPREAD HAD IMPROVEDTHE REFINERY MARGIN REMAINED AT USD 6 TO 8 IN WHICH HENGYUAN REGISTERED AN AVERAGE OF USD 8 CRACK MARGIN FOR 2017

Accordingly, the four oil refiners had an estimated surplus of 7.7 trillion to 7.9 trillion won (US$7.25 billion to 7.44 billion) in total last year. By company, SK Innovation is forecast to post 3.29 trillion to 3.34 trillion won (US$3.1 billion to 3.14 billion), GS Caltex 1.84 trillion to 1.9 trillion won (US$1.73 billion to 1.79 billion), S-Oil with 1.46 trillion to 1.5 trillion won (US$1.37 billion to 1.41 billion) and Hyundai Oilbank 1.14 trillion to 1.18 trillion won (US$1.07 billion to 1.11 billion).
With the current estimates, SK Innovation and Hyundai Oilbank hit a new record high for the year after posting 3.23 trillion won (US$3.04 billion) and 970 billion won (US$913.29 million), respectively, at the previous year. SK AND HYUNDAI HIT RECORD PROFIT, WHICH IN LINE HENGYUAN HIT RECORD PROFIT TOO....!!

Depending on the situation, the four oil refiners are likely to surpass an annual surplus of over 8 trillion won (US$7.53 billion) for the first time in the domestic industry. Their combined surplus in 2016 when it reached a record high stood at 7.95 trillion won (US$7.49 billion). MSIA 3 REFINERY WILL SURPASSED THE HISTORICAL RECORD PROFIT TOO.

An official from the industry said, “The fact that the price of oil showed a stable increase at the US$50 to 60 (53,090 to 63,708 won) level per barrel is a decisive factor for oil refiners achieving the highest gains last year for two years in a row. For oil refining companies, the demand-leading market structure that the price of oil products increases with a stable trend, rather than volatility in oil prices, is the most appropriate for profitability.” FROM DEC 2017 OIL PRICE HAD MOVED CLOSER TO USD 70, WHICH POSITIVE WITH MORE THAN 10% INVENTORY GAIN.

However, oil refiners are worried about oil prices that have been skyrocketing from the end of December last year. As the price of Brent crude oil climbed to the US$70 (74,326 won) mark a barrel because of numerous variables, such as the fall in the U.S. oil reserves and the extensive delay of sanctions against Iran as well as the OPEC’s extension of cutting oil production, the refining margin dropped to the US$6 (6,396 won) level a barrel, which is slightly over the break-even point. IN MSIA BREAKEVEN LEVEL IS USD 2.5 TO 3 PER BARREL, IN FACT IT IS A QUICK DIP, THE MOGAS 92 SPORE HAD ALREADY RECOVERED BACK TO USD 7.7 PER BARREL FOR JAN 2018.
THE FUTURE INDICATE CME SPREAD PRICE RANGE OF USD 7.7 TO USD 10.3 PER BARREL WITH AVERAGE OF USD 8.8 PER BARREL WHICH IS VERY HEALTHY EVEN COMPARE TO AVG USD 8 PER BARREL IN THE HISTORICAL RECORD PROFITAB

Here is letter from Mr. Koon to FT last night :

Can you figure out why Hengyuan should drop Rm 1.80, like a bomb today? Who is so desperate to sell? There must be as many buyers as sellers who believe that its final annual EPS will be about Rm 3.70 which should be announced before the end of February. Unbelievable for it to sell at P/E 3 or 4.

All the refineries are selling much higher PE. I understand refineries in US and in China are selling PE 30 or more.
Koon

Note from me: I agree it is just manpulation by some jerungs. KYY is right that Pe wise its crazily cheap. The charts revealed it was going to happen and it hit our ajor support 12.30. A good buy area if it bounces. Read y report tonight!

Buying in time.............coming down d

你们好自为之。

Surprise buying power ahead in end of the month ??

Incorrect : 4. HY was covered by RHB and Public bank . Both give a PE of 12 . ??

so slow buying and selling....when HY reaching RM24 ?

Ans : When you are not looking at the screen !

Time to surge again like before next week !!

For Fred Tham, KYY and OTB to seriously note :

By RHB
12 January 2018

Petron Malaysia

Pumping More To Fuel Growth

We spoke to management recently and came away still feeling positive on Petron Malaysia. EBITDA is expected to average at MYR100-200m – bringing its net cash balance to >MYR500m in FY18. The group has turned into a net cash company since 2Q17, and its net cash balance ballooned to MYR113m in 3Q17. Petron Malaysia’s refining spreads are expected to remain high due to strong demand for gasoline products, while capacity addition in the region remains subdued in 2018. Maintain BUY and MYR16.20 TP (22% upside).

Cash coffer to strengthen further. Petron Malaysia’s EBITDA is expected to average MYR100-200m in the current market environment, and the group’s cash balance could surpass the MYR500m level by end-FY18. This is if margins are sustained. We note that Petron Malaysia’s balance sheet turned into net cash in 2Q17, and its net cash balance ballooned to MYR113m (42 sen/share) in 3Q17 with zero debt.

This, however, would not translate into higher dividends, as the extra cash is most likely to be reserved for future expansion in refining capacity and petrol station refurbishments. This is because there is still room for growth for the group in the domestic market.

Gross margins to sustain. We believe GPM can be sustained at c.MYR23.00/bbl for 2018, as demand for gasoline products remains strong. In 9M17, Petron Malaysia’s GP/bbl (the gauge for its refining margins) was strong at MYR22.80/bbl (9M16: MYR17.00/bbl). Capacity addition pressure is likely to be subdued in the year, as no major new refineries in Malaysia are coming on- line. In Indonesia, the 100,000bpd capacity addition by Pertamina is also being delayed to either 2019 or 2020 due to financing issues.

USD3.5bn allocated for expansion in refining capacity. Petron Corp, Petron Malaysia’s Philippines-based parent company, is investing c.MYR3.5bn on another refining facility on top of its current Port Dickson facility. This would more than double its capacity to 178,000bpd (an additional 90,000bpd). The indicated timeline for the completion of the new facility is in 2020.

It is too early to indicate to accurate earnings potential for the group, but the facility could potentially bring in more diverse products into Petron Malaysia’s portfolio, ie aromatics and other petrochemicals. This is in addition to its existing products, namely gasoline, jet fuel and diesel.

Maintain BUY and MYR16.20 TP (22% upside). We are maintaining our forecasts. Our TP is kept also at MYR16.20, which is pegged to 12.5x FY18F P/E. This is still at a steep discount when compared to Petronas Dagangan’s 25x FY18F P/E. We continue to like Petron Malaysia due to its above market growth in sales volume, as well as expectations of strong refining margins. Risks to call include a reversal in such margins and an unplanned shutdown at its refinery.
12/01/2018 11:05

Stupid dragon, RHBpaper is meant for PetronM la................not HY !

If PetronM TP is above 16, then HY will be even up up soon ?

KL Tneoh RHB maintains Buy Call with TP $16.2
12/01/2018 10:05

Looks like operator wanted to use the funds on Petronm now as the free float there is much less and easy to fly or fry Petronm with smaller capital........right mathematically ?

Looks like HY operator wanted to use the funds on Petronm now as its free float is much less and easy to fly or fry Petronm with smaller capital........right mathematically ?

What happened to Petronm ?? Lets check out

Yes, very diam and smooth

Someone brought the money from HY over d, wanted to make it BIG BIG here too......wakaka

@Newmaster, I saw the buying hand

HY being chased by Petronm, whichever is higher is no longer important as long as both pulling each other in uptrend........cheers !

HY being chased by Petronm, whichever is higher is no longer important as long as both pulling each other in uptrend........cheers !

Congrats to all HY holders

Right time ?? Not today meh ? Or Next week........just wait lor

Went in to collect some too, good company waiting to fly higher

Looks like by Feb 2018 will touch 18

Totally agreed with the above richmen comments

Wondering why Public IB didnt cover HY since it is so good ? Think about it, Petronm is still better than HY.

Jay A conservative valuation:
Projected net profit RM400m, Free cashflow RM400m (usually FCF is even stronger than profit due to depreciation) EV/FCF 10x (Petdag at >20x, Litrak also >10x). Net cash RM200m (by end 2017, Jun-17 already RM50m).

Petron fair value now should be at least RM4.2bn or RM15.50 about 30% more return
17/11/2017 11:27

Hot stock of Bursa. And potential to reach even above 18

People here are getting real tough to each other

999, got tricked by hidden syndicate ?

Look at the buy q at 12, no fears at all. Anyway wishing all good luck !

Must be good news again !

New shareholders are in, why worry so much ?

Petronm is still a rich man game, Mohd Fahmi Bin Jaes understands ?

You sapu they throw down more...................haha

My frend hated contra players, so he always wash them kaw kaw

TP will be 25s, then son will go above 12s

Watch the warrant as there is low premium and someone is also continuosly buying

Will study the accounts closely

Monday, better dump HY loh.............................aiyoyo kikiki

Hahaha, you are absolutely right..............thank you