Despite the recent good performance, the questions that require answers are:

1. Is the performance sustainable or is it this quarter up and next quarter down

2. The progress on the big back taxes charge.

But the good indicator is that the insiders ie the major shareholders have raised their respective stakes.

The back taxes dealt a heavy blow

Magnum running out of steam

If Petron can sustain the same performance quarter after quarter, then the share price should make that great leap forward!

TQ Victor & Linges for the insight on why Digi took the plunge. I wouldn't have had a clue from their Shariah announcement per se.

Loans & borrowings have all disappeared. Cash flow from operations are strong. TQ management. If only our local GLCs like Sime, Maybank etc can have a similar professionalism so that the full potential can be realised.

A handsome dividend!

Don't expect dividends - based on past track record, it's once a year declared in April. However less dividends = more capital gains

Totalpackage Petronm quarterly result annoucement for last 2 quarters on 25th May & 24th Aug falls on Thurs!! and it's 2nd last week of the month....

Reply : I'm all dressed-up for the party!

I'm overcome by 2 conflicting emotions on the eve of the results - Greed & Fear!

I see the textbook "driven by greed & fear" playing out.

About a year ago, I had a similar situation with Ajinomoto. It was bitter-sweet because I came out a little too early. Overall though it sweet - made my biggest kill !

Hopefully the impending results will provide a much needed boost

The soon-to-be-released results will shed some light on the fate of this Co

share price so low yet there's no buyback

RON 95 up 10 sen & RON 97 up 12 sen. Should augur well for Petron

Time to get on the last bus

You're making too much money thenewbee!!

The horse is wild!

Very hard to hold on to the saddle. I think I'm gonna fall off.

tradeup2020 Gotta grab a lot of popcorn this next few days, showtime! .... Haha you're spot on

Today the oil prices again spiking up

so far no news of the promised share buyback

The Black Stallion - Yeee Haaaa

My horse is galloping

something's rumbling

Our investor guru Fahmi the sage of Bursa, please let's know when to bail out

Patience, patience - wait for the report card

Public bank results was v good yet the price movement did not match

Today index shot up due to tenaga. Anybody knows the developments of the IRD on the tenaga back taxes of 2b and also the Magnum 0.5 b back taxes bill?

Have they been resolved & if so how much?

These guys that run the show are extremely conservative but I've no complaints.

The low dividend is more than adequately covered by the 7.6% shares bought-back. I have not come across any other PLC with such a significant treasury shareholding.

I hope Petron does not give away too many incentives that will hurt bottom lines. I fill up at Petron because of shareholder loyalty.

Nice feeling!

TQ George for this research update

if Petron share price declines then I draw comfort from its intrinsic value as reflected in the accounts

Biker2b Introducing new game is good but why .... Too many games will canabalise each other. Punters pockets are limited. Also I think replacement of existing game is easier to obtain approval as compared to approving an additional one.

Jeng jeng jeng! I hope it will live up to expectations & not give us a rude shock

Extract of Analyst Report from RHB

Petron Malaysia

Fuel Happy

We initiate coverage on Petron with a BUY recommendation. Our TP of MYR16.20 (60% upside) is based on a 12.5x FY18 P/E. The company owns over 580 service stations nationwide, distributing gasoline, diesel and LPG products. Petron also owns an 88,000bpd refinery in Port Dickson, Malaysia with a Nelson Complexity Index of 3. We believe the refinery would provide the company with a competitive advantage, thereby enabling it to take advantage of refined product spreads.

Third largest retail station operator in Malaysia. Petron Malaysia (Petron), a major fuel retail distributor in Malaysia, has the third largest market share in the country behind Shell and Petronas Dagangan (PETD MK, NR). It owns over 580 service stations nationwide, distributing gasoline, diesel and LPG products.

Besides retail marketing, the company also owns an 88,000bpd refinery located in Port Dickson, Malaysia with a Nelson Complexity Index of 3. The refinery is capable of producing gasoline, diesel, liquefied petroleum gas (LPG), kerosene and low sulphur waxy residue (LWSR). The refinery has an average utilisation rate of c.50% due to the unfavourable economics of LSWR which, in turn is due to its low complexity rate. The company is 73.4%-owned by Petron Corp, the largest oil refining and marketing company in the Philippines.

The refinery could provide alpha. Its retail fuel segment plays a volume game, ie the more retail stations imply a higher volume. As such, we expect its retail volume to grow by c.4% each year, driven by the opening of new stations. Our base case scenario assumes Petron would open 15 new stations every year. Its commercial fuel segment earnings are driven by spreads for naphtha, kerosene and LSWR. We expect spreads for naphtha and kerosene to range between USD2-7/bbl for the long term. As such, we believe the commercial fuel would provide the company with a higher earnings growth potential, compared to that of its peers.

Healthy balance sheet. As of 1H17, it is a net cash company; we expect Petron to end FY17F in a net cash position. Total borrowings are at MYR66.4m, while its cash position is at MYR156m. This is comparable to the situation at the end-FY16, when it was in a net debt position of MYR136m. Net cash from operations and free cash flow has been on an increasing trend, attributed to better cost management as well as the asset performance mechanism (APM), which transmits changes in oil prices to retail fuel prices.

BUY. We initiate coverage on Petron with a BUY recommendation, supported by a TP of MYR16.20. We arrive at our TP by pegging a 12.5x P/E to FY18F EPS of MYR1.30. As a comparison, Petronas Dagangan is trading at 24.6x P/E for FY18, at a 70% premium to Petron. We like Petron as we believe its retail fuel segment would provide a stable base of earnings due to the APM mechanism, while its commercial fuel segment would provide an earnings boost, an advantage the company holds over its peers due to its refinery.

Judging from the last quarterly, the improved cash flow from operations > 120m, increased revenue reserves > 140m & massive drop in borrowings > 241m ... this co if it maintains performance, the sky's the limit.

Waiting with eager anticipation for the Sep quarter results!

Agreed that HR Owen is an odd and non-compatible investment

Anticipating with glee the usual big dividend announcement in Sep quarterly. Unfortunately it's a long fuse that is paid only in Mar 2018.

What huge volatility!!

There should be a run up in the share price just before it turns ex.

I think what the fund managers who are trying to pick up large stakes in this Co for cheap is to lull the shareholders into believing that the actual share value & interest in it is low.

Just when you think the price will not appreciate & are willing to throw at small price increments, it springs a surprise resulting in the opportunity loss for those who have discarded the shares.

I did not realise that the results were announced much earlier on 24 Aug

I doubt it'll make any difference but if the government is serious in collecting as much gaming revenues as possible then it's about time they got really very strict on this.

It may trade lower but the quarterly results I believe will vindicate & support higher prices.

All quiet on the battle front.

Waiting for it to take-off from 10.30

waiting with trepidation the latest quarterly. Any guesses?

I recently went through my old contract notes dating back to 2007. I saw trades done at 5.05 and other prices in the vicinity.