I don't think one should fear because of an increased in Capex for the future expansion. Without addition Capex, PetronM today and 10 years later will remain the same. Refinery biz is like any other O&G, which requires substantial Capex
Give 1-1 bonus issue first then its price will surpass rm 10 easily. Then bonus issue again 1-1 , at this time it should worth more than 5b market cap. Then finally right issue with warrant
Petdagang market cap now 23.8b vs Petronm market cap 2b. I can't imagine this price. If in us or hongkong , petronm should worth more than 10b due to its more than 20% market share in Malaysia n its very attractive export figures .....stated under its recent financial statements
during the AGM, some investors asked about bonus, but ramon already shoot them back that they have no plans on bonus issue, nor make changes to shareholding structure.
Contrarian , don't act smart, you should have sold it when it touches > RM 8.50 {so many occasions} and buy back around RM 7.20. That is called Contrarian.
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....
Superbjet
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Posted by Superbjet > 2017-07-01 21:07 | Report Abuse
I don't think one should fear because of an increased in Capex for the future expansion. Without addition Capex, PetronM today and 10 years later will remain the same. Refinery biz is like any other O&G, which requires substantial Capex