Posted by stocknanmy > 2017-09-20 09:59 | Report Abuse

Belum habis jual lagi ke yg pemegang lemah tu ?

Jual la cepat...........bab kita tetap sabar tunggu di situ.

Posted by jebat > 2017-09-20 11:49 | Report Abuse

come on petronm break 10.38...........

Posted by Aboveall > 2017-09-20 14:36 | Report Abuse

Sell cA quick before out of sudden NO buyer !!!!!!
Run fast fast,boh chow siiiiiiiii !!!

Posted by Aboveall > 2017-09-20 14:42 | Report Abuse

My last advice, clear all CA umediately n go puc wa , one CA can change 4 puc wa , its the only way to recover your lost, very soon puc wa will trading 11 ~ 12 sen after which mother will surge non stop !!!!!!

Posted by Aboveall > 2017-09-20 14:52 | Report Abuse

If you can not unfderstand what I mean cA ,its too bad you loose money, I can not hint direct, up to call holder to define......

Posted by Awet91 > 2017-09-20 16:48 | Report Abuse

Petronm so quiet today,all go to bunga raya meh today.ehheh

Posted by lowprofileone > 2017-09-20 18:06 | Report Abuse

Strong storm is on the way, later not quiet anymore...................bungaraya also no fight

Posted by jebat > 2017-09-21 14:50 | Report Abuse

Do not buy Bunga raya is a danger counter....goreng kaw kaw...

Posted by Awet91 > 2017-09-21 16:14 | Report Abuse

I alrdy goreng yesterday jebat,today sell at 0.695.today petron still maintain,hengyuan up up next week myb petron time

Posted by Joblessrich > 2017-09-21 20:02 | Report Abuse

Petronm-CC price determined by average closing price for 5 days. That is today and 4 days next week.
It is to the advantage of issuer RHB to keep the price of mother as low as possible to reduce the amount of payout.

Posted by Pakcik Saham > 2017-09-21 22:44 | Report Abuse

my beloved stock TP 14 this year

Posted by jebat > 2017-09-25 17:01 | Report Abuse

Who buy cd today at 0.285....

Posted by ocpd > 2017-09-26 07:46 | Report Abuse

Brent reached > $59 ... wohoo!

Posted by sheldon > 2017-09-26 09:31 | Report Abuse

Waiting for it to take-off from 10.30

Posted by lowprofileone > 2017-09-26 09:40 | Report Abuse

Yes, keep waiting patiently

Posted by ocpd > 2017-09-26 10:36 | Report Abuse

Last few quaters oil prices dropped petronm didnt react so fast ... it only dropped after the financial result was announced. So i guess this time will be similar?

Posted by ocpd > 2017-09-26 10:37 | Report Abuse

So last time booked a huge inventory writedown now we can expect a huge writeup :p

Posted by Joblessrich > 2017-09-26 12:16 | Report Abuse

I think, this is a good time to buy at RM10.30. After RHB is done with price control for the maturity of the CC call warrant. The price will move up to the next level.
RM11.00 is within easy reach.

Posted by UncleMau > 2017-09-26 13:32 | Report Abuse

RM12 is the price within easy reach.

Posted by sheldon > 2017-09-27 12:02 | Report Abuse

All quiet on the battle front.

Posted by sheldon > 2017-09-27 16:00 | Report Abuse

It may trade lower but the quarterly results I believe will vindicate & support higher prices.

Posted by oohlala > 2017-09-27 16:55 | Report Abuse

i am wondering what will be the effect of rising crude price to PetronM earning. there might be delay in cost pass on

Posted by jebat > 2017-09-28 09:56 | Report Abuse

Cannot catch 0.275 ciss.....Geram...nia

Posted by UncleMau > 2017-09-28 10:11 | Report Abuse

Catch CE and CF lah, issued today lor

Posted by Jack888 > 2017-09-29 08:10 | Report Abuse

Petronm ended sideway ... is going to move up soon..??

Posted by angmo > 2017-09-29 09:09 | Report Abuse

If down, more buyers will come out

Posted by paperplane2016 > 2017-09-29 12:30 | Report Abuse

One of my HIGHEST respected person in forum Jay has spoken: READ CAREFULLY HIS COMMENTS, I TOTALLY AGREE WITH HIS POINTS!


9) Petron (Buy)

Price then: RM8.00

Price now: RM10.30

Blogpost:

https://klse.i3investor.com/blogs/purelysharing/125486.jsp

Those who knew me would have realised that I have been vocal in the forum about Petron’s prospects even when it was at RM5 but I only formally write an article on it when it was trading at around RM8. The assumptions and prospects remain intact till today. But back when the article was published, the price was sliding hard until it hit around RM7 (which is also the lowest point since then). A lot of jokers and sour grapes (who enjoyed nothing from RM5 to RM8, and still don’t enjoy from RM8 to RM10) kept shouting like it’s the end of the world and criticising the company without bothering to do any research or analysis. I do hope that they have learnt their lesson by now.

Conclusion: Sometimes it’s better to block out the noises and focus on what’s important. Petron’s latest result was affected by inventory loss but the refining crack spread has been stronger in Q3 and Q3 will be inventory gain instead of loss. Overall, inventory gains/loss to me is still one-off in nature which does not really add/destroy value (unless commodity prices are expected to go by one direction). I still like the company for its strong retail and marketing biz while refinery biz is in upcycle plus strong cashflow. This is still a good stock to hold even at current price level (readers would notice my target price is way higher than current level).

Many people has also been asking me about Petron’s “twin brother” Hengyuan. Personally, I think Hengyuan’s profit will be better than Petron in the short term (yes, you see it right). Being a pure refiner, Hengyuan is the best stock to capture the current bullish refining environment. But the only point to note is refining is a cyclical biz. Without stable retail marketing biz like Petron, Hengyuan’s profit is bound to be more volatile so investors PE expectations should be lower for Hengyuan compared to Petron. But in summary, with Petron now at RM10 and Hengyuan at RM8, I still think that both will re-rate upwards strongly in the coming months.

Posted by George Leong > 2017-09-30 22:24 | Report Abuse

What a nice closing to the end of September, with brent crude trading at $56. An upward trend for Q3, from July to September. Highest refinery margin for this quarter too. :)

Posted by valuecollect > 2017-10-02 16:47 | Report Abuse

Jump into CD.............to ride on mother's surge soon, good luck

Posted by Activeinvestor > 2017-10-02 16:58 | Report Abuse

Going to sapu some PetronM CD, coming liaw

Posted by I LOVE HENGYUAN, sexy babe RM21 > 2017-10-02 17:08 | Report Abuse

suddenly outbreak, weird

Posted by Activeinvestor > 2017-10-02 17:20 | Report Abuse

Something must be going on

Posted by I LOVE HENGYUAN, sexy babe RM21 > 2017-10-02 17:22 | Report Abuse

i guess it only meant, tooo lowwwww circulation outside, anyone wanna buy need to pay higher and higher loh, one way traffic.

Posted by Awet91 > 2017-10-02 20:14 | Report Abuse

This month cd will reach 0.45 hopefully

Posted by Khye Lock Tneoh > 2017-10-03 08:55 | Report Abuse

First full Analyst Report from RHB, TP $16.2

Posted by Activeinvestor > 2017-10-03 09:22 | Report Abuse

Yes, I saw too

Posted by bursaman > 2017-10-03 09:28 | Report Abuse

Petron Malaysia

Fuel HappyTM

We initiate coverage on Petron with a BUY recommendation. Our TP of MYR16.20 (60% upside) is based on a 12.5x FY18 P/E. The company owns over 580 service stations nationwide, distributing gasoline, diesel and LPG products. Petron also owns an 88,000bpd refinery in Port Dickson, Malaysia with a Nelson Complexity Index of 3. We believe the refinery would provide the company with a competitive advantage, thereby enabling it to take advantage of refined product spreads.

Third largest retail station operator in Malaysia. Petron Malaysia (Petron), a major fuel retail distributor in Malaysia, has the third largest market share in the country behind Shell and Petronas Dagangan (PETD MK, NR). It owns over 580 service stations nationwide, distributing gasoline, diesel and LPG products.

Besides retail marketing, the company also owns an 88,000bpd refinery located in Port Dickson, Malaysia with a Nelson Complexity Index of 3. The refinery is capable of producing gasoline, diesel, liquefied petroleum gas (LPG), kerosene and low sulphur waxy residue (LWSR). The refinery has an average utilisation rate of c.50% due to the unfavourable economics of LSWR which, in turn is due to its low complexity rate. The company is 73.4%-owned by Petron Corp, the largest oil refining and marketing company in the Philippines.

The refinery could provide alpha. Its retail fuel segment plays a volume game, ie the more retail stations imply a higher volume. As such, we expect its retail volume to grow by c.4% each year, driven by the opening of new stations. Our base case scenario assumes Petron would open 15 new stations every year. Its commercial fuel segment earnings are driven by spreads for naphtha, kerosene and LSWR. We expect spreads for naphtha and kerosene to range between USD2-7/bbl for the long term. As such, we believe the commercial fuel would provide the company with a higher earnings growth potential, compared to that of its peers.

Healthy balance sheet. As of 1H17, it is a net cash company; we expect Petron to end FY17F in a net cash position. Total borrowings are at MYR66.4m, while its cash position is at MYR156m. This is comparable to the situation at the end-FY16, when it was in a net debt position of MYR136m. Net cash from operations and free cash flow has been on an increasing trend, attributed to better cost management as well as the asset performance mechanism (APM), which transmits changes in oil prices to retail fuel prices.

BUY. We initiate coverage on Petron with a BUY recommendation, supported by a TP of MYR16.20. We arrive at our TP by pegging a 12.5x P/E to FY18F EPS of MYR1.30. As a comparison, Petronas Dagangan is trading at 24.6x P/E for FY18, at a 70% premium to Petron. We like Petron as we believe its retail fuel segment would provide a stable base of earnings due to the APM mechanism, while its commercial fuel segment would provide an earnings boost, an advantage the company holds over its peers due to its refinery.

Posted by UncleMau > 2017-10-03 09:46 | Report Abuse

No wonder buying volume in the q getting more brave last few days, that may mean institute funds are watching or collecting

Posted by pputeh > 2017-10-03 09:49 | Report Abuse

bursaman, thanks for the above . Much appreciated. Have a good morning ahead.

Posted by I LOVE HENGYUAN, sexy babe RM21 > 2017-10-03 09:56 | Report Abuse

BUY. We initiate coverage on Petron with a BUY recommendation, supported by a TP of MYR16.20. We arrive at our TP by pegging a 12.5x P/E to FY18F EPS of MYR1.30. As a comparison, Petronas Dagangan is trading at 24.6x P/E for FY18, at a 70% premium to Petron. We like Petron as we believe its retail fuel segment would provide a stable base of earnings due to the APM mechanism, while its commercial fuel segment would provide an earnings boost, an advantage the company holds over its peers due to its refinery.


WOW, RHB gives TP 16.20, great!

Posted by UncleMau > 2017-10-03 10:10 | Report Abuse

See how the big guys sapu the q just now at 10.07 am. Funds buying more or less in and confirmed.

But, pls be reminded this is just the beginning of a great show

Posted by KYYMachai > 2017-10-03 10:14 | Report Abuse

Golden opportunity come out again..................jumping in PeronM CD lor before it really fries hehe

Posted by Winmore88 > 2017-10-03 10:26 | Report Abuse

hehe, can consider CG too..it will be easily goreng to 20c-25c

Posted by Jack888 > 2017-10-03 10:36 | Report Abuse

Petronm 要起飞了嗎?

Posted by jebat > 2017-10-03 10:37 | Report Abuse

Petronm really recommended....

Posted by Alex Foo > 2017-10-03 10:51 | Report Abuse

hi, coming to cheer for petronm fans~

like the daily chart, 168~

Posted by Awet91 > 2017-10-03 10:52 | Report Abuse

Now i enjoy the ride

Posted by Kyou > 2017-10-03 11:57 | Report Abuse

@KKYMachai ...CD still can buy at this lvl 0.35?

Posted by I LOVE HENGYUAN, sexy babe RM21 > 2017-10-03 12:07 | Report Abuse

I buy some CG lah, Graphic, I love G cup xxxx

Posted by Activeinvestor > 2017-10-03 12:11 | Report Abuse

Another Analyst report coming too ??