As shareholders, we want to be able to assess the impact of exchange rate movements on the bottom line. There have been instances where the MYR had appreciated significantly & I'm jumping for joy. Turned out that they had to some degree hedged the exposure.

I asked several AGMs ago about its hedging policy. The board was reticent in its response. Then I realised why - they probably practiced transfer pricing.

The silver lining is that with many being unemployed, more may join as agents.

germaice - if the govt is savvy enough, it could spin the narrative that due to health concerns, bettings may be placed online.

Cars have started plying the roads from early May, increasing demand. Also a positive crack spread due to sharp increased crude price will be the positive aspects of performance for the second quarter.

A massive volume by B.Kawan standards with a more than 50k shares purchased at RM14!

i was in aeon buying groceries. Prices were bloody steep.

Then i stopped & pondered & smiled at the thought of the fat margins flowing into the income statement.

surely no dividend in the next quarter la

Come on brother!
Declare that 15 sen dividend.
Go on!
I haven't got all day.

How's buying toto more risky than drawing money from an ATM?

In fact ATM should be riskier because all sorts of people touch those buttons.

If kicked out of MSCI index then there'll be a loss of trading liquidity.

I can't imagine that AirAsia can be included given that its business fundamentals today is very bad.

Stupid of the govt to delay opening - don't they need the sin taxes?

haha

Price dropping like a stone

But Petron has lost a significant demand from jet fuel.

Anyone thinks there'll be dividend announcement?

The disappearance of travel insurance would certainly affect cash flows hence dividends

Anyone thinks dividends will be declared?

Kelvin17 - i think you are referring to the funds. The profits remain untouched

If the govt is practical, it'll allow on-line 4D & lottery but with the so-called pious and apparently holy-men, it's unfortunately a political suicide .

The details of the pathetic 6 sen dividends will be announced in a matter of days.

yfchong Travel insurance not good.... agreed

but car insurance, airplane insurance, fire insurance relatively ok

This MCO could be positive for general insurance business. No business = no turnover = no activity = no risk = no claims!

The incentive to buy now is the probable 15 sen dividend to be announced in May - a yearly affair (unless management decides that the Co wants to hoard cash)

Track record shows that dividends are announced sometime between end April to end May

This is the time to try your luck because God might bless you with a win!

Powersearch - there's a large share buyback.

Due to the sharp drop in crude, Petron may incur negative crack spreads because it bought high but have to sell the processed stuff low. E.g. RON 95 down from 2.08 to 1.89 to 1.82.

Likewise for jet fuel. In addition, travel ban means lower demand for petrol/diesel (although many M'sians have chosen to ignore it).

Maybe better if you could pray that the nons will have a better life by leveling the playing field - i.e. lifting the long overdue NEP implemented in 1970. It was meant for 20 years but now looks like it's forever.

This way nons can get their fair share of govt & GLC jobs, directorships, scholarships, promotions, housing etc. Believe me PN2020, this will be far more fair and beneficial to the nons than praying for them not to bet. This is the elephant in the room!

Even God who's ever intelligent and fair will realise that you've competed fairly on this temporary life give you a nice place in heaven.

Jeffretteck - how did you derive 5%?? At the regular 4 sen per year dividends & at RM2 per share, the DY = 2%.

Your calculator has enough battery power ah?

Insofar as Toto & Magnum is concerned, punters bet small amounts with a hope to win big. For RM1 (for which you can't buy anything these days), there's an excitement of winning a large amount.

It helps keep peoples' sanity. It's an event to look forward to.

PN2020 - Can you tell me one thing PAS can do to generate millions for the government?

Pandai to sapu money & buy expensive cars. Kelantan always deficit. You want money but no idea how to make money.

Tell us your business model.

PAS can ban but that means losing RM800m per year in the form of sin taxes from Toto alone. Certainly company selling nasi lemak or satay cannot generate that much revenue for the government!

Whose going to foot the ministers' pay and their expensive but useless lawatan sambil belajar?

agreed with gsi723.

1st Qtr results however will be a mixture of puss, shit & vomit.

So much profit but dividends are tiny in comparison.

If the share price rises due to profit retention then fine but it did not. So shareholders bang balls.

I concur with firehawk

Balance sheet appears stronger

Some figures to ponder ...
1. Cash generated from operations = 868m

It was used to ...

2. Purchase Property, Plant & Equipment = 514m
3. Repay borrowing 260m

F..up puny dividends despite fairly ok profit!! Only 18.3% of earnings.

Share price performance is bad, then they should make it up with decent dividends.

March 2020 quarterly results will be shit!

I'm expecting a fairly good Q4 based on cursory top-down analysis.

The current price increase is the typical pre-quarterly results and dividend play. It could be to get punters to pick-up and then sting them with mediocre results & puny dividends or reward them with the converse.

Either way an increase in volatility.

Me too - made a few cents but i'd like to add a little detail ... lost a lot of dollars!

I feel the earth move under my feet!

Earnings for 3 quarters to Sep is 148m++. Given the favorable slight uptrend of crude from Oct - Dec 2019 & on the basis that there was no hedging, I believe Petron could register about 50m, bringing the total for the year to about 200m

Choivo Capital Well, here's to hoping it drops to 4....

Likewise - looks like our natural risk management instinct of diversification kicks in

Limbo rock - How poor can we go

I guess no DRIP take up this round in view of the steep decline in the share price.

Latest news about Tony being investigated is a little too much coming from India. This is in addition to AK being investigated. There's a blur line as to what constitutes a bribe and what smoothens the wheels of the authorities. If only obtaining the green light of any business was as simple as checking all the boxes of the checklist.

Doing business in India is mired in red tape. The Govt depts are slow to respond. The civil servants think they are lords. And to top it off, I'm sure that there are others more egregious corruptions to pick on.

Is the drop due to some nut making idiotic statements resulting in us losing the high-margin refined palm oil oleo-chemical business?

I hope for a big fat dividend from this disposal. A lean company is good discipline for any management. However going by the track record and prejudiced by years of suffering as Kian Joo shareholder, I'm supremely confident that this will not happen.

Actually it's bad luck to predict lofty targets.

Also lofty targets make it easier to perform below expectations causing a disappointment.

So Choivo Capital & john0909 - what're your respective answers?