Posted by soojinhou > 2017-06-30 18:39 | Report Abuse

I saw the magnificent fcf too, and that attracted me to Petron. Over the past 4-years, oil price gone through ups and downs, but Petron is still able to generate plenty of cash. Why Shell and Exxon sold? My guess is that their business in Malaysia is only a tiny spec in their entire global empire. However, the new owners are from the 3rd world and they are definitely more hungry and eager to compete. I would say, probably even keener competitor than Petronas. Big oil doesn't care about the profit from their retailing, which is just a drop in the ocean, but hell that drop is pretty darn big to a company like San Miguel.

Posted by ongkkh > 2017-06-30 19:38 | Report Abuse

Saw JH comment in the group discussion earlier, plus Felicity report now....i know what should i act on next monday. Thx you both of you.

Posted by eyewitness > 2017-06-30 19:39 | Report Abuse

FCF may not be so magnificent when they start capex to upgrade old refinery.
By Buffett rule, owner earnings are after maintenance capex.

Posted by soojinhou > 2017-06-30 19:48 | Report Abuse

There's no immediate need to upgrade. They are already Euro-4 compliant.

Posted by pputeh > 2017-06-30 21:04 | Report Abuse

Felicity, Any comments on Hengyuan and its potential etc. After all in the same business? And how is their financial standing

Posted by musangfoxking > 2017-07-01 18:36 | Report Abuse

tp 15?

Posted by paperplane2016 > 2017-07-01 18:47 | Report Abuse

You all forgot San Miguel own by who is it

Posted by Bullmarketz > 2017-07-02 18:46 | Report Abuse

https://klse.i3investor.com/blogs/Bullmarketz/126535.jsp