If Oil price is stable then Petron Corp monthly net income can at least hit 2 billions peso.
Using conservative 25% contribution to calculate, Petron Malaysia Operation (included 2 non listing subsidiaries) will be around RM43.5 mils, Which means that Petronm estimate net monthly can hit RM37-38 mils
Yesterday I queued at Petron to pump & I saw a wide range of cheapskates (besides myself) in Merc E Class, Porche Carrera etc lining up, desperately trying to get their share of cheap fuel.
1) Brent Oil price is stable around at USD 52, 2) Refinery margin is staying at healthy zone (USD7+ per B), 3) RM is gradually getting stronger vs USD 4) Petronm is due to release a solid first Qtr result
Bro, many people keep saying stock is a high risk high return and low risk low return game. For me, it is low risk high return and high risk and no return type og investment. PetronM is the very few transparent companies which allows you to see, to feel how good they run their retail business, able to monitor the crack spread, watch the oil price and etc... All these "Known" factors have already minimized your risks, but many people cant see it and trade the stocks based on their baseless feeling.
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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....
7skies
375 posts
Posted by 7skies > 2017-05-16 12:22 | Report Abuse
yea shida