If you are patient enough, wait until the quarterly result out. Then everyone will believe shell is making big money during low oil price.

raw material (crude oil) price is low but product price (gasoline, lubricant, diesel, gasoil)did not drop as much as the crude oil. A lot of ppl blame government for petrol price not dropping as much as crude oil, this is the reason, refinery make more profit

I think it is quite reasonable if a middle east oil company are buying shell cause instead of selling their dirt cheap crude oil, why not buy a refinery and process the crude oil to sell as expensive product. TITAN case is a bit special cause one of the major share holder, our PNB need money and lots of people believe that ah gong promised something in return for honam to buy at such a high price. I remember the whole process from insider news leaking to official news take very long time, cant remember how long but I have sold most of my TITAN share before the official news was out.

If really sold, new owner might take it private for restructuring and list it again few year later. This remind me on the TITAN petrochemical case. When people working inside found ppl from PETRONAS and korea visit the plant and checking the account but no one dare to buy the share cause market is really bad that time. Titan share price was only less than 50 cent but end up honam petrochemical take it private with more than RM 2

Shell Malaysia initiate the idea of selling the refinery when refinery margin was low and shell refinery making loss every quarter and have accumulate lots of debt during that period. With the improvement in refinery margin, in fact is sky high that never seen for the pass 5 to 10 years, shell Malaysia might not want to sell refinery any more.

haha... Good luck to fayetan for her journey in share market

the panic seller was epf and he have 15 % share to throw. haha.. anyway, I just top up.

I think epf is selling again. We need a good quarterly result which is coming soon to push the price really high. Then you will think that 6.31 is still cheap. Petronm break from below rm 3 to over rm 7.

ops... I am wrong. 6.20 already

Maybe epf selling again

look at how petronm perform last few months and hope shell will have the same trend. Both are doing refinery and shell have much larger refinery capacity compared to petronm.

Check at the first comment from your link
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bunny on Jan 11, 2016 at 1:47 pm

I dont know about u guys but petron fuels arent that clean. My sister owns a 2013 toyota prius (luxury variant)and she has been filling it up with petron ron97 fuel since our house is near to petron station. Few months ago i brought her car to toyota service centre for routine maintenance (u know la girls.. lazy to sit and wait for their car) when the toyota technician informed me that the fuel system in her car is in bad shape.. they found lots of particulatess and the fuel filter was giving error codes. To my surprise.. the technician then asked me ‘r u using petron ah?’. Then i said ‘yea hor, the 97 summore’.. then he said lots of customers who used petron 97 on prius experience fuel clogs n etc. Other models not so since the prius fuel system is high tech… they asked me to change to shell or petronas since petron’s fuel is dirty. Quite puzzling rite?? Since all petroleum n diesel is sourced by petronas and its up to the other fuel suppliers to provide their own additives. Weird A. F.
P.s. im just sharing not bashing.
"

Q3 was due to major maintenance shutdown of 45 days. so only 50 % of that quarter the refinery is running. Major maintenance shutdown for refinery will easily need few hundred million rm and that cause shell to loss money in Q3. Shell upgraded their diesel processing plant to euro 5 standard too during the major shutdown. Q2 refinery margin only 6-8 USD per barrel already making RM 1 per share. Q4 refinery margin was 12~18 usd per barrel, I think easily 500~600 million rm or close to rm 2 per share. Lets hope my estimation is correct and quarterly result should out soon. Q3 will be petronm to do major maintenance shutdown, with profit of only around 70 million per quarter, I really wonder how petronm next quarter result will look like.

Malaysia still cooking the frog

I am still pumping petron gasoline even I have sold all their share in pass few days. : ). The loyalty point collection is the higest around all the petrol station.

vicky168. you are right that we will never lose keeping this stock as it gain a lots of new customer in their campaign in Q4 (short term cost will be high to run the campaign cause they giving all kind of voucher and high loyalty point collection) but good for long term. Now their refinery don't even having enough gasoline to support their petrol station and need to buy from other refiner. http://finance.yahoo.com/news/petron-malaysia-seeks-3-6-020313908.html. One concern is how our government set the gasoline price. I think Shell CEO complaint a lot on the refinery environment in Malaysia that is difficult to make profit.

Petron is petroleum crude oil refinery and not CPO. CPO refinery will not need this kind of major turn around cause their cost of shutting down is low and they can shutdown anytime.

that is major maintenance shutdown. normally only shutdown once in every 6~8 years for maintenance, DOSH inspection (Malaysia regulation), vessel heat exchanger cleaning, system upgrade to meet new environmental regulation, Euro 5 diesel etc... one turn around shutdown could cause few hundred million and some company will spread the cost to 4 quarter so that their account will look better. Maybe you are right it is only 3 days but cant remember where I read it is 2 weeks.

That is the fundamental. But Malaysia stock only follow chart and petronm is still technically uptrend maybe until they declare a not so good result next month.

And you can notice that most of the petrol station in Malaysia is having Euro 5 diesel. First with BHP, the PETRONAS and now Shell in Dec 15 (I think shell upgraded their plant facility during their maintenance shutdown in Q3). So, soon petronm going to upgrade their facility too to meet Euro 5 standard. They will need big capex for the upgrade. Maybe they upgraded it during their maintenance shutdown in Q4 last year.

Kelvin, you are right that normally petronm keep very low level of stock at just about 2 weeks of required gasoline for their petrol station. So crude oil price fluctuation will not have significant impact on petronm. However, it will be difference for Q4. Try to think if your plant going to shutdown for 40~45 days next month, will you keep stock? Petronm will not keep crude oil but have to keep the product like gasoline, diesel and gasoil. Maybe not the physical stock but in supply contract. Other refiner will sure raise the price cause they know petronm need it. Good article from Kahheong tell us that refinery margin is sky high in Q4 (margin only less than USD 8 per barrel in Q3, some month even as low as USD2). This mean that petronm possible buying expensive gasoline to sell in their petrol station (just my assumption). Refiner like petron should do well in next few quarter before new refinery commission later this year and 2017. Even with new refinery capacity commission, still widely believe that refinery margin can maintain at USD 6~7 if not significant increase in crude oil price which is still profitable for refiner. I sell petronm because I see better opportunity in other refiner and not because petronm prospect is not good.

I shared it for AllWin

http://finance.yahoo.com/news/petron-malaysia-seeks-nearly-430-100556586.html

Anyone still remember petron s doing major maintenance shutdown for 40 days in 4Q15? That will cause them hell a lot of money and significant drop in profit. almost half of the quarter their plant were shut down for maintenance and need to buy gasoline and diesel for all petron station.

finally sold all my petronm share today. for those who stay, good luck and make more money!

http://finance.yahoo.com/news/petron-malaysia-seeks-3-6-020313908.html

I think refinery margin will definitely increasing cause everyone in the world is pumping oil like mad but refinery capacity is still the same - no new refinery plant built and even postpone plan to build refinery plant cause oil company having cash flow problem due to low oil price.

Accumulated some today.

I will buy back if it break 0.90. huge selling volume today at 0.895 and 0.90. Good luck

look like show is over. I will sell mine tomorrow too

red_85, forget about the promotion. I cant even get a single sticker for the pass 2 weeks (have pump 5~6 times) in KL and JB but none of the station have the stickers

casadesa, I agree with you actually. If they cant even manage the RM 50 fuel up promotion well, how can we expect them to manage our company well. Better go now before any bad new coming. Small investor like us don't have the chance to interview the CEO like those fund houses, we can only judge the management by how they handle all this.

Think on the bright side, maybe because too many new customer which caused they are not printing enough sticker

I have no misai but also making money here kikiki

pharmacy dispensary maybe not too good for medicine manufacture cause doctor will give perscription more carefully and we need to buy less medicine. Not too sure you all have this experience, doctor will always give lots of medicine like pain killer and fever even though I informed him I have no fever and pain. This is because doctor can make money from selling medicine and there is conflic of interest. Not sure how is the impact to hovid.

When VT suddenly want to be top 10 richest man in Malaysia, maybe he will give 4 cent dividen to push up the share price lor... haha

problem is our VT always doing funny things with this BJcorp

BJCorp need time to gain back investor confident by delivering consistent result. Now BJcorp still full with short term trader and share price will not fly. Just for example, our datuk collect BJcorp below 40 cent and going to disposes all at 48 cent and he have few kk share. Not only datuk, lots more trader is doing that. So BJcorp will not break that level. But, when more investor come in and keep for long term, floating share will be less and share price will only go up.

Instead of giving dividen, I would prefer BJcorp to pay off his debt first. In futurre, I think BJcorp will dispose more asets an and subsidiary share to raise cash and buy into new bussiness. By doing this, Bjcorp will be able to unlock his value too and push up the NTA. I still continue to accumulate BJCorp share when price is low as I think that BJcorp is doing the right thing. There are some conglomerate that give good dividen like Boustead holdings (I own Boustead) but boustead bussiness is much more focus compared to BJCorp. However, Boustead future growth could be quite limited. This Boustead just like my cash cow, once I get dividen, I can buy new share like BJCorp.

MyView, I dont think there will be any dividen. BJ corp need tons of money for acquisition. Redtone, inject of U mobile into redtone (VT will make good profit by selling U mobile into BJ corp) and I think there will be more acquisition in future. Most of BJcorp subsidiaries already at their peak already and BJcorp must acquire more subsidiary to sustain the growth.

huh.. I only buy when price is below RM 0.42. Last few days bought quite a lot and of cause still collecting now like you. haha...

what happen ar?? recently keep going up and up

This chrischan really funny lar or maybe is pity.. Spend so much time on counter that you not going to invest. Better spend more time on counter that you plan to invest. but we welcome you here to make BJCorp price drop back 38 cent. Then I will buy some more. Buying enough at 42 cent already..

some one want to find all kind of reasons to accuse BJcorp is not good. Probably he bought at 50 ++ cent and sold at 38 cent when he cant stand the price drop. But now BJCorp increase back to 42~45 cent range, just to prove that his make a right decision to sell at 38 cent, he try to make BJCorp drop back below 38 cent. Maybe BJCorp is really a lousy counter but it definitely not because of GST!!!

tt101 you are right. Cost of doing bussiness can be claim back. Not only stationary or service aircorn, even I bring my customer go makan makan, massage massage also can claim back. That is what my company finance tell me

Maybe FOC!!!

Most likely share price wouldnt shoot up any time soon as BJcorp need to deliver consistence result for few quarters or maybe few years to gain back investor trust. What BJCorp is doing now to unlock the value is on the right track and just like what our friend 李嘉誠 is doing with his 長江實業. Once BJ corp able to gain back investor trust, the return in share price will not be 100% or 200 % but it will be 1000% or 2000 %. So just continue to accumulate when the price is weak.

I think there might be some supprise in coming result (not as good as what we expect) cause everyone expect the result to be good but price not moving. Maybe safer to buy some now and reserve some money to buy when the result is out.

finally drop back. drop 0.5 cent more and I can start to accumulate again. hehehe...

share buy back 1 lot everyday. What the hell is the management doing?