Sorry I just saw the comment in petronm. From Petron corp news
Consolidated revenues for the first nine months stood at P587.3 billion albeit lower than the previous year’s P631.1 billion as prices corrected from their extraordinarily elevated levels last year due to the Russia-Ukraine conflict. While international prices started to rise again in the third quarter, the YTD September average of benchmark Dubai crude closed at almost $82 per barrel, still down 18 % from the same period in 2022.
Despite recording lower revenues, the Group’s operating income rose by 64%, reaching P27 billion from 2022’s P16.5 billion driven largely by the strong volume growth. This improvement allowed the company to absorb the more than 50% increase in financing cost, ending the nine-month period with a consolidated net income of P9.5 billion, 16% higher than last year’s P8.2 billion.
Should be good quarter 3 for petronm. When petron corp release it Q3 financial report in next few days then from petron corp Q3 net profit after tax attributed to non controlling shareholders you can work out what is Q3 net profit after tax for Petronm
Petron corp q3 end 30/9/23 result out: Peso million Net income: 3,366 Attributable to: Equity holders of parent company: 3,102 Non contrlling interest: 264
Since Petron corp hold 73.4% Petronm hence Petronm income = Peso 264/0.266 =992.48 million AT 30/9/23 1 RM =12.07 Peso Q3 net profit= RM992.48/12.07= RM 82.227 million
In my latest blog article, I covered Petron Malaysia ( https://www.youtube.com/watch?v=YrMdgjFHHaU ) and showed that it is not a value trap. My investment thesis can be summarized as • As of 30 Oct 2023, Petron Malaysia was trading at about half of its Asset Value and EPV. With the Asset Value about the same as the EPV, I have great confidence in the margin of safety.
• The Group suffered due to the measures taken to control Covid-19. With this behind us, it should deliver better profitability. However, this was impacted by high crude oil prices.
• The Group is financially sound and while there is the threat of the disruption of the petrol station business model, it is not imminent
A comparison between the past decade ROE and share price trend showed a discrepancy. You can see that the market price has yet to reflect the improved ROE. Is this an investment opportunity? https://i.postimg.cc/5tR4njp0/Petron-M.png
Happy to see these few days peyron share price up a bit. Wah now is 4.63... Real vely funny.. Petron EPs higher than petdg and Peyton no of shares may be lesser than petdg, but Petrons share price is so much lower. And IB dunno how they analyse that Petron price tgt is so low one. Haiz. Sslee, please do more for Petrons share price !!
That's why I hold minimal stake as often as possible, even in the most well-run & solid companies, coz M'sians in general & Bursa are KOYAK when it comes to their reliability in generating daily income for me. Sold down to ZERO KLK several weeks back & only odd lots of PPB above $16 some months ago, & yes I only have 200 Petron left[costing me $4.58 btw], which on hindsight proved right for me since most of my sales were above $5 in '22 & '23. Pity the friend who lost his bet with me on the direction of the shr price by 9 cents & then illogically bought back what he sold 20 cents cheaper just b4 the dividend( I suspect so that the dividend would pay for the treat he was forced to give me) & is now stuck @ $4.93 until dunno when...😆 A stock that earned 30 cents last qtr only went up 3 cents on the news...the faithless & the poor cannot initiate a bull market!
I'm losing RM2 per share as my average inventory of Petron shares = 6.64. But so far I'm not losing sleep over it.
My loss does not consider the considerable amount of dividends received over the years. Also the prospect of possible future capital gains is giving me the excitement of living.
Sheldon, Thix Petron could do better. But really dunno what is management up yo.. Dividend only stable.. Share price hardly go up much when compared to other peer stocks as mentioned by SSLee..
Sheldon, you better off buying some of other stocks like Maybk, etc that pay you dividends and at same time potential for capital gains... Petron becoming boring !!
Is it true that a full tank of Petron fuel gives more mileage compared to Petronas?
Petron not only have better mileage and best cash back if you use Public Bank-Petron card. this matters to us drivers - 98% use gas combustion engine. For Tesla co-horts, this is irrelevant.
Source: R Bala (2024), Focus Malaysia, Is it true that a full tank of Petron fuel gives more mileage compared to Petronas? Visited on : 9 March 2024
Remember Petrol/ Diesel is the highest subsidized item among all other things for instance sugar, cooking oil, rice etc… smart investors, you do the Maths, you should know how much profits coming from this… oh yes, the Malays still boycotting Petronas gas station right?… haha…
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....
HafizAjiad98
303 posts
Posted by HafizAjiad98 > 2023-10-12 17:41 | Report Abuse
tengok sama ada kerajaan akan menghentikan subsidi utk petrol RON 95 atau tidak besok...