how's the outlook? break 1 or break 0.90?

I'm digging my heels in as I feel that this stock is worth a lot more

But on near term projection, will the profit margin higher than previous quarter when the crude oil price is lower? - Good question but I've proper answer except only to say that there are 2 opposing factors as mentioned earlier - increased spreads vs increased cost.

I'm actually more concerned about the transparency. I feel that Petron investors need proper disclosure as to which specific stations belong to this listed vehicle because theoretically, the management could perform backroom tricks to shuffle them around to our detriment.

BetorInvest - Although increase in crude prices will increase crack spreads which is positive for Petron's margins, I understand that it's a double-edged sword.

The cost of refining the crude goes up as well since the process entails consumption of part of the pricey crude that's being refined.

I'm just guessing at 27 sen.

The closest guess will win an all-expense paid trip around the world on board the Equanimity!

Last quarter EPS 26.7 sen. Anybody thinks that this quarter it will exceed 30 sen?

TQ Simon - how ignorant of me

I thought Euro 4 is a diesel requirement. RON 95 is petrol.

I attended the recent AGM & they showed a graph indicating that the crack spread increases with increase in crude prices. Hence a rise in oil price should be positive for petron.

At yesterday's closing, the PE was a mere 4.8!!! So rightfully there should be a lot of room for the price to increase.

The upstream production is NOT parked in Petdag so it's similar to Petron

The ship is slowly sinking

another poor performance

The absence of GST & the possibility of release from the najib tax charge may be driving up the price.

Maybe to settle the 0.5b najib tax, Magnum could contribute to Tabung Harapan a stipend.

Sardin - you're right on that point.

However there are structural issues of governance. The top management are naturally beholden to the Philippine parent co. In addition, (as per directors' report), they own large chunks of San Miguel Corp. Therefore they are incentivised to ensure that the sisters Petron Fuel Int & Petron Oil register more profits by a combination of picking up lesser that their share of expenses and more than their fair share of revenue.

Among others - Euro 5 upgrade & opening of new stations would consume about 600m & yada yada yada.

But here's the realisation.... Are you aware that about half the stations belong to the sister co PFI? Now here's the kicker ... PFI is wholly-owned by San Miguel

SimonLee76 Any highlights on yesterdays AGM?

Yes a disappointing realisation.

I think investors fear margin compression with price of oil on the rise & inability to raise the retail price of petrol

Vincent5525 Effective 601 without GST will be great news for Bjtoto - Never thought of that - TQ Vince .....YAHOO!

i did - why?

all the sites to share prices seem to be inaccessible but my remisier is singing some beautiful melodies

there may be (& I hope not) a black swan event after the election results are announced & the market becomes a total wreck.

The market as reported in the Star is jittery due to the impending elections. Lots of money to be made and lost. It's do or die.

It's May! - We look forward with great trepidation the 31 Mar quarterly performance.

with the price of oil rising & no corresponding increase in petrol prices, Petron will once again suffer from margin compression & it'll affect the bottomline.

Last year dividend was declared end of March. March 2018 has come and long gone. Looks like we have to kiss dividends goodbye.

KISSinvest - I did respond but this site but this site is such a prude & words are not taken in the context - so it was censored - unfortunately

Remember - If you buy at these low prices, you will be enjoying a further 25 sen discount

I bumped into an ex-lecturer of mine. Asked whether he invests in the stock market and he responded with an appropriate comment. Never invest in a company which requires a Recurring RPT approval - which is all listed companies.

It got me thinking. Even if there's a sweet-heart deal in there which milks the plc, nobody can really spot it.

Do you think that TVT is that immoral and cheapskate to milk BToto at the expense of minority shareholders like us?

Comments most welcome.

Dec 2017 quarter's EPS = 36.9 sen

Anybody wants to estimate what will be Petron's EPS for the 1st quarter of 2018?

Although markets are supposedly efficient, it's hard to subscribe to this when extrapolating the latest EPS, the share price at 8.37 is only trading at 5.6++ times.

There must be something that fund managers are seeing but we are not.

This counter is going to the dogs. It's going ex tomorrow and yet the price is tepid

last year it was announced in March & the year before in May.

Maybe no dividends this year.

waiting to collect the miserable 4 sen dividends from this conservative pathetic co

Halite - Good advice - you're the Shakespere of the capital markets!

throx I hope everyone understand that even if government approve BJTOTO to accept betting online (via an app), the users still has to be non-muslim Malaysian only....

I disagree because handphone and computer appliances do not ask the owners their religious beliefs in the registration process. It's absurd for there to exist a Muslim handphone or a Hindu laptop. Hence orders placed via these devices will not reveal any details of religion.

I keep picking up and price keeps tumbling. At this rate I might become a major share holder with no cash and sitting on a pile of losses.

ironcrowz All the divisions has been doing badly.
TQ for your insights.

Even with brick & mortar, there are many Muslims buying. There's a signboard that discourages Muslims at the entrances of the outlets but many still patronise. With small bets, it gives people some hope to strike it big.

There are so many ways to circumvent the barring of Muslims like getting others to buy or buying from illegals etc. The Govt & the people should realise that legal Btoto has contribute lots to the coffers which I believe has benefited all religions.

If they want to kill the goose that lays the golden eggs then the religious preachers should not complain if the treasury squeezes the rakyat in other forms like raising the GST. There's a lot of truth in the doctrine "No Money No Talk".

paperplane well, the investment is churning enough income or not? if investment done well like Berskhire, will be good. But anyway their inv assets seems still small, aboutn 700mil plus??

> 59m shares or about 7.9%

KWAP sold 700k shares but they're still stuck with a big load of garbage

declining every quarter and the management keeps repeating the same story i.e. increased cost of raw materials.

They said in the past that they will increase automation to lower cost but looks like getting worse.

Come one come all. Petron shares at fire sale prices!!

my first foray into BToto, I made money. Now I'm sitting on a pile of losses. Despite mitigated by dividends, it's still a very large net loss.

amazing - 45 mins into the trading day & not a single lot traded

bestreturn - yes tq.

i can imagine! Capturing the younger set hence top line growth & no more brick & mortar & salaries of staff manning them.

invest28 Hi all,refer to brent oil or crude oil price?

doesn't matter - they're all highly corelated

mamatede Tomorrow gonna jump, world oil price boom.

If you read the last quarterly Petron financials, it stated that the gross margins i.e. crack spread fell because of faster rise in crude relative to product prices. Hence it's not good for Petron.

no support for this counter despite the cash flow & quarterly dividends

Ng Shu Tsung - if insider trading involves share buyback in the interest of shareholders, then it should be allowed. I hope this sudden surge in buying is due to this.

Insider trading as I've always suspected is alive. SC will normally inspect the CDS accounts of the key personnel to check any movements before price-sensitive info is released but there are still ways to get around.

In the US, they go to the extent of wire-tapping.