Thanks jay. Petron financial results has always seemed to me to be quite volatile in the past. They can make 100m in one quarter and lose 70m in another. That has been my experience trading this company 2 or 3 years ago. Is there any reasons for the volatility?
2015 , volume sold 30.4 m barrels, 4833 m litre, Net profit 221m , net profit per litre : rm0.045 , 2016 volume sold 32m barrels, 5088m litre,net profit 237m, net profit per litre : rm0.0466 .
For the 5c gross profit, I think it's fixed under the APM scheme. So even if your revenue falls (same volume, lower petrol price), the gross profit should stay the same, GP margin might look better in %.
They are not only selling petrol though. They still have refinery, LPG and jetfuel biz, plus inventory gain/loss effect. So it won't be that straightforward. but I suppose petrol volume x 5c would be a staple gross profit for them, a base for them to build on
for some people, only old man kyy is their golden rule (almost like an obsession). whatever kyy buys, they buy. whatever kyy don't buy, they don't buy. they forgot kyy has a lot of money to lose, they don't
lets just charge it to social work for time spend here.
by Jay > Jun 16, 2017 01:11 PM | Report Abuse
for some people, only old man kyy is their golden rule (almost like an obsession). whatever kyy buys, they buy. whatever kyy don't buy, they don't buy. they forgot kyy has a lot of money to lose, they don't
no need such brainer analysis...this PETRON is CYCLICAL DOWNSTREAM+TURNAROUND O&G stock...buy when oil price collapse sell when oil price above USD 55/barrel...
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Flintstones
1,762 posts
Posted by Flintstones > 2017-06-16 06:26 | Report Abuse
Thanks jay. Petron financial results has always seemed to me to be quite volatile in the past. They can make 100m in one quarter and lose 70m in another. That has been my experience trading this company 2 or 3 years ago. Is there any reasons for the volatility?