Posted by Sslee > 2024-08-15 08:48 | Report Abuse

Expecting a poor result as refining crack spread is poor.

Posted by jomvalueinvest2 > 2024-08-15 10:06 | Report Abuse

Where can find data on refining crack spreads?

Posted by allaboutvalue > 2024-08-15 10:10 | Report Abuse

Sslee, would you share your knowledge about crack spread, or any website that i could refer to? I wish to learn more about this. TQ

Posted by Sslee > 2024-08-15 15:42 | Report Abuse

For your reference:
Gasoil/diesel crack spread chart (historical highest level range)
https://www.tradingview.com/symbols/NYMEX-GOC1%21/
https://www.investing.com/commodities/nymex-singapore-gasoil-platts-c1-futures-historical-data
Kerosene/ jet fuel crack spread (at historical highest range level)
https://www.tradingview.com/symbols/NYMEX-ASD2!/
Gasoline/petrol RON 92 crack spread spread chart (normalize level range)
https://www.tradingview.com/symbols/NYMEX-D1N1%21/
SINGAPORE MOGAS 95 UNLEADED (PLATTS) FUTURES
https://www.tradingview.com/symbols/NYMEX-AV02%21/
Brent crude oil
https://tradingeconomics.com/commodity/brent-crude-oil

Posted by Sslee > 2024-08-15 15:44 | Report Abuse

Petron Phillipine already announce Q2 end 31/6/2024 result.

Posted by Sslee > 2024-08-15 15:55 | Report Abuse

Petron corp q2 end 31/06/24 result out:
Peso million
Net income: 2,090
Attributable to:
Equity holders of parent company: 2,045
Non controlling interest: 45

Since Petron corp hold 73.4% Petronm hence
Petronm income = Peso 45/0.266 =169.17 million
AT 30/6/24 1 RM =12.4 Peso
Q2 net profit= RM169.17/12.4= RM 13.64 million

Posted by allaboutvalue > 2024-08-15 16:01 | Report Abuse

This is very helpful. TQ

Posted by allaboutvalue > 2024-08-15 16:07 | Report Abuse

Indeed crack spread has gone down.

Posted by Johnchew5 > 2024-08-15 16:41 |

Post removed.Why?

Posted by Johnchew5 > 2024-08-15 17:13 |

Post removed.Why?

Posted by Johnchew5 > 2024-08-15 17:15 | Report Abuse

Current Ratio 1.26
Debt-Equity (DE) Ratio 1.08
FCF Yield 34.41 %
Revenue QoQ 3.43 %
Revenue YoY 21.73%
Profit QoQ 68.28 %
Profit YoY -35.89 %

Posted by Sslee > 2024-08-16 07:26 | Report Abuse

Mike/John-tikus copy and paste without knowing what he paste hence still trapped inside HRC penthouse 44 floor.

Posted by Johnchew5 > 2024-08-16 08:59 | Report Abuse

I had predicted Petronm n HRC Point 3 n Point 4 correctly when sslleee asked me ..


Oh when ssleee promoted Petronm at RM 7.00 in Insas … I am posted is in Point 1 peak Range … ethical Sifu 3iii posted Market is on Sale …


Note : Point 1 - Peak Range … Point 2 - Slide down … Point 3 - rebound with Swing Swing Swing … Point 4 - Down trend …

Posted by Johnchew5 > 2024-08-16 09:00 |

Post removed.Why?

Posted by Sslee > 2024-08-16 09:19 | Report Abuse

Aiyoyo Mike-tikus punya TA told him HRC floor 44 is the bottom floor hence trapped himself inside HRC 44 floor untill now. Kasien!

Posted by Johnchew5 > 2024-08-16 09:27 | Report Abuse

Oh , need to repeat ke … I bought HRC at RM 4.40 , 200 share only …. Did not sell even Petronm latest QR is bad before HRC QR at 4.55 to 4.60 , as for case study : 



1) See Sslleee Crack here Crack there Crack his Head at both Petronm n HRC 



2) referred to sslleee idol Conartist Callvin in TSH .. what is the result of did not cutwin at range 1.80 but following his call keep averaging down every 10 sen down ..


P/s : I had predicted Petronm n HRC Point 3 n Point 4 correctly when sslleee asked me .

Posted by Sslee > 2024-08-16 09:43 | Report Abuse

Aiyoyo cheap people Mike-tikus only can afford to buy 200 share.
Mind also telling trapped inside jaks how many shares and at which floor?

Posted by Sslee > 2024-08-16 09:43 | Report Abuse

Aiyoyo cheap people Mike-tikus only can afford to buy 200 share.
Mind also telling trapped inside jaks how many shares and at which floor?

Posted by Johnchew5 > 2024-08-16 10:30 |

Post removed.Why?

Posted by Johnchew5 > 2024-08-16 10:33 |

Post removed.Why?

Posted by Sslee > 2024-08-16 10:33 | Report Abuse

Me in Petronm forum to give informations
Is cheap people Mike-tikus come to Petronm forum to seek attention?

Posted by Johnchew5 > 2024-08-16 11:04 |

Post removed.Why?

Posted by Johnchew5 > 2024-08-16 11:07 |

Post removed.Why?

Posted by Johnchew5 > 2024-08-16 18:15 |

Post removed.Why?

Posted by allaboutvalue > 2024-08-17 11:50 | Report Abuse

All i could say the info Sslee provided are helpful

Posted by jomvalueinvest2 > 2024-08-19 16:05 | Report Abuse

Crack spread for refinery is increasing ?

Posted by speakup > 2024-08-19 18:37 | Report Abuse

How u know?

Posted by jomvalueinvest2 > 2024-08-22 19:37 | Report Abuse

I dnt know. That's y I asked

Posted by aklobi > 2 months ago | Report Abuse

Bought Petronim today @4.41

Posted by jomvalueinvest2 > 2 months ago | Report Abuse

Buy during weakness 😁
https://www.eia.gov/finance/markets/products/prices.php

Posted by sheldon > 2 months ago | Report Abuse

Thursday is usually results day for Petron. Good, Expected or Bad?
Where's our genuis who can work out Malaysian's performance from Phillippine parent?

Posted by Sslee > 2 months ago | Report Abuse

Repost
Posted by Sslee > Aug 15, 2024 3:55 PM | Report Abuse X
Petron corp q2 end 31/06/24 result out:
Peso million
Net income: 2,090
Attributable to:
Equity holders of parent company: 2,045
Non controlling interest: 45

Since Petron corp hold 73.4% Petronm hence
Petronm income = Peso 45/0.266 =169.17 million
AT 30/6/24 1 RM =12.4 Peso
Q2 net profit= RM169.17/12.4= RM 13.64 million

Posted by speakup > 2 months ago | Report Abuse

There's the Genius!

Posted by sheldon > 2 months ago | Report Abuse

TQ Sslee.
What rotten results!

Posted by Learner68 > 2 months ago | Report Abuse

Thanks to SsLee for the analysis.

Posted by jomvalueinvest2 > 2 months ago | Report Abuse

Just as I thought after HengYuan released its QR ...

Posted by sheldon > 2 months ago | Report Abuse

Although the Profit had dropped significantly i.e. half year from 149m to 83m and quarterly from 40m to 13m, I can't seem to clearly figure from their explanation as to why. Is it bad English or BS?

Posted by jomvalueinvest2 > 2 months ago | Report Abuse

They didn't explain in detail, apparently

Posted by aklobi > 2 months ago | Report Abuse

Bought more @4.30 today

Posted by AzlanIshtiqal > 2 months ago | Report Abuse

Sy tunggu RM4 baru hentam ...

Posted by mf > 2 months ago | Report Abuse

Dow Jones

Dow Jones Industrial Average

40,345.41

-410.34

1.00%

Nasdaq

NASDAQ Composite

16,690.83

-436.82

2.55%

Posted by sheldon > 2 months ago | Report Abuse

AzlanIshtiqal - tak makan ka?

Posted by allaboutvalue > 2 months ago | Report Abuse

Two sinochem oil refineries declared bankrupt as margins plunge

https://theedgemalaysia.com/node/726927

Posted by StarOfTheBull > 1 month ago | Report Abuse

This one follows Hengyuan. Better take profit and run.

Posted by mf > 1 month ago | Report Abuse

U.S. crude oil jumps more than 3%, closes above $77 as market waits for Israel strike against Iran
Published Mon, Oct 7 20247:20 AM EDTUpdated 2 Hours Ago

Posted by Income > 1 month ago | Report Abuse

Makan

Posted by allaboutvalue > 1 month ago | Report Abuse

BP says weak refining margins to hit Q3 profit

https://www.thestar.com.my/business/business-news/2024/10/11/bp-says-weak-refining-margins-to-hit-q3-profit

Posted by mf > 1 month ago | Report Abuse

Crude Oil WTI
Nov 24 71.22 72.12 70.75 -2.61 -3.54%
02:57:51
Copper
Dec 24 4.3505 4.4115 4.3432 -0.0532 -1.21%
02:57:49
Brent Oil
Dec 24 74.75 75.70 74.25 -2.71 -3.50%

Posted by Sslee > 6 days ago | Report Abuse

Sslee Petron corp q3 end 30/09/24 result out:
Peso million
Net income: 1,086
Attributable to:
Equity holders of parent company: 1,071
Non controlling interest: 15

Since Petron corp hold 73.4% Petronm hence
Petronm income = Peso 15/0.266 =56.39 million
AT 30/9/24 1 RM =13.57 Peso
Q3 net profit= RM56.39/13.57= RM 4.16 million

Posted by Johnchew5 > 6 days ago | Report Abuse

Hoho Kon Lee still promoting ke … recalled promoted Hengyuan n Petronm at RM 7.0 with Crack Spread Wayang .. actor : Kon gang from Tunepro n Netx with aka id …. Average down Petronm at RM 4.60 ke …

Btw how is yr Jtiasa ???