Insurance companies have brought me nothing but misery. First loss in Manulife and now Tunepro.

However the top-line growth is a glimmer of hope

My instincts were right - Very bad! No wonder that even the major shareholder was selling away like insider trader. They must have got wind of this early on.

Instincts tell me that the result will be bad. The delay is probably due to the management searching high and low, far and wide as to how to show a decent profit.

Heng Yuan only declare a minuscule dividend despite strong earnings. To me it's a big red flag!

I just observed that Dutchlady's EPS for the year was 184 and its share price = 70. Petron's EPS 150 share price = 11.40.

Maybe because the food industry is less risky. Another key difference is Dutchlady's generous dividend payout.

when petron moves, it leaps.

The reason for the rise in price of late I believe is due to a recent report that the government may want to resolve the tax matter instead of taking the matter to court and leaving shares in a limbo.

Sigh! about time. No investors would like to be hit with taxes out of the blue. Once paid and 7 years are up, it should be done.

If we draw parallels to Petronas Dag, then Petron share price should be stratospheric. Something's amiss.

Performance declined year-to-year

I've noticed this potong stim effect every time when people anticipate a big price hike.

May be it's just the principle of buy on rumour and sell on fact.

Pathetic!!!

high volume traded

expecting the price to skyrocket but looks like it nosedived into the ocean basin

With Capital Redemption Reserve of RM8m becoming a part of share capital as required by Cos Act, a bonus issue of 1 for every 17 may be in the offing.

Wow, wow, wow!!!! - Petron has repaid ALL their borrowings - mmmm delicious!

If the PE is equivalent to Pet Dag i.e. about 26, then Petron should trade at RM39. That will make me a nice tidy sum!

I don't expect good profits for Q4

prices at near 12 seem to be well supported

Orange88 What if qr4 results disappointed

- That's possible if the accountant cooks up the books to show a low profits

it's sagging but i'm sticking to my guns!

I attended the AGM and came out feeling good about the co. According to the chairman, the Europe ban on palm oil in 2021 is only for the diesel content. They would require all members to vote (uncertain as to whether a unanimous or majority consent required).

Any way there's a lot of vested interest at individual country level including Malaysia buying their goods and countries involved in the production of palm diesel. The following report explains the dynamics and reveal some relevant data. Read em..

https://www.transportenvironment.org/sites/te/files/publications/2016_11_Briefing_Palm_oil_use_continues_to_grow.pdf

So what's the forecast for tomorrow - up, down or flat?

I tried buying car insurance from Tune to show support but their customer service cannot be reached despite numerous attempts. Maybe they've got too much business.

Let the party begin!

Orange88 Sheldon you mean eps will be down? To how much?

sure the weekly eps will be down but in the long run (like yearly) the ups and downs will average out

I'm sure the profit margin is still sufficient although thinner because remember that the authorities have to ensure that PetDag, Shell, BHP & Caltex have to also make $.

Market is up double digit but my portfolio is running backwards

I'd guess a dividend of 30 sen. Any other guesses?

results would probably be out by 22 / 23 Feb

I'd like to pick up more shares but I'm running out of bullets

Don't be disappointed if the next quarterly results is not up to expectations. Sometimes management for sinister reasons may purposely talk down the earnings and prospects.

I've experienced that in Dutchlady - after selling my stake due to the "gloomy" outlook, the share price just skyrocketed!!

Analysing the implication of oil prices down.

Negative - the stock of crude that Petron had purchased from upstream companies have to be revalued downwards.

Positive - The price of petrol has gone up. The price of gas sold to homes & businesses, no change. This implies that the crack spread has widen.

Overall the positive > negative - am I right?

Comments please

abn10 - IB = Investment Banks CWS = Structured Call Warrants.


富二代 - could be right that they are purposely depressing the mother share by shorting (since they can do it with the shares pledged in margin finance) hence driving down the price of CW but that would be scandalous.

Rightfully these IBs do not bet against the holders of CW since they delta-hedge their positions and merely take a short position on volatility so that both parties can win.

If it's IBs, then it's likely that those who play on margin borrowing & contra traders could not meet their financial commitments. Such selling often leads to the price dipping below the fundamental value.

Who's selling? Is it the margin traders?

Anyone going to the AGM?

A lackluster performance but hang in there folks. To quote Herbert Hoover - "prosperity is around the corner". Unfortunately when he said it, it never happened.

Just a little history lesson to divert away from the misery.

US markets had of late seen meteoric rise & intuitively I'd say overshot so they have a lot of downside risk. Of course the interest rate hike would have some bearing but our stocks thanks to our "skilled & honest" politicians have been languishing so go figure.

Aiya do share buyback la - tunggu apa lagi?

The market may show a relatively low price which is dictated by demand & supply. However the earnings would probably justify a higher price.

Massive bloodbath in markets all over. Dow Jones down 5.45% (1387 pts). Oil also took a beating. Expect big discounts.

Corston Smith Asset Management's Datuk Shireen - has been appointed non-independent director. Oddly though I don't see the fund's name in the top 30 largest shareholders

Despite management's valiant efforts, the performance is weak. Bonus issue is no big deal.

I think the underlying motive is partly money. One research said that they should ban butter because the cows that produce the milk which is churned into butter, collectively has a fart that causes massive increases in greenhouse gases.

Would they take such a drastic step to stop consumption and put a lot of farmers into the poor house? No way!!!

Another drop & I'll be there to catch a few!

wantocin qr 3rd of feb week,u can see petronm > rm 16,
believe or not depend on yours target. ....

Ok - I'll put a down payment for that Bently Sport haha

Guys, guys, guys!! we're on the same side. We all want to make good gains & this platform should be used to discuss relevant concepts and ideas without fear or favour.

I subscribe to the notion that RM14b is indeed something that's not favourable in the short term. I'm however trying to locate the authenticity of this 14b thingy.

Can anyone reveal to us the source of this please - TQ.

I've been searching high & low for this so-called 14b investment including the Chairman's statement of the 2016 annual report but can't seem to find it.

Can somebody tell me where this had been reported? TQ

Unbelievable!!!! x 3. Have a great weekend & one round of drinks in honor of Petron!