KUALA LUMPUR (Nov 9): Oil and Gas (O&G) stocks on Bursa Malaysia rose today, as global crude oil prices continued on an upward trajectory.
“This is largely caused by the higher global crude oil prices,” MIDF Research analyst Aaron Tan told theedgemarkets.com, adding that Brent crude oil futures are at a 2.5-year high.
On Oct 27, 2017, crude oil price broke past the US$60 per barrel level for the first time since June 2015.
As of writing, crude oil prices were at US$63.63 per barrel.
At 11.45 am, Petronas Dagangan Bhd was 12 sen higher or 0.55% to RM21.86, with 63,700 shares traded for a market capitalisation of RM21.68 billion.
Additionally, Petronas Gas Bhd rose 46 sen or 2.7% to RM17.52, with 79,000 shares traded. This brings its market capitalisation to RM33.76 billion. It was also the second top gainer on Bursa Malaysia.
Petron Malaysia Refining and Marketing Bhd’s shares were up 40 sen or 3.28% to an all-time high of RM12.60, with 362,400 shares traded, for a market capitalisation of RM3.29 billion. It is the third top gainer on Bursa Malaysia.
Meanwhile, Hengyuan Refining Company Bhd’s shares, the fourth top gainer on Bursa Malaysia, were up 25 sen or 2.69% to a five-year high of RM9.54, with 1.35 million shares exchanging hands. This brings its market capitalisation to RM2.87 billion.
Juz came out from oven 2 days ago only, still low..............masuk saje loh.............dun wait long long until 29-30s only buy. Buy while still fresh
Later regret as all other CC, CD, CF called upon earlier by us all went above as at todate. See for yourself la.
"The impressive result was driven by its continued focus on high-value segments and sustained sales volumes from its Philippines and Malaysian operations. Combined sales volumes hit 80.2 million barrels in the first three quarters of the year, slightly higher than the 79.3 million sold in the same period in 2016.
The company said that sales volumes would have been higher if not for scheduled maintenance. Petron’s Bataan refinery was running on maintenance mode below optimum capacity for 35 days in the second quarter and 18 days in the third quarter. Malaysia grew volumes by 9% in the period under review."
18 days maintenance is at Bataan refinery, not in Malaysia. Previous quarter they had 35 days maintenance also in Bataan, there were no detail about maintenance works in Petron Malaysia's 2nd quarter report. I only see "impressive result" from Malaysia operation. =)
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....
uzairbhatti0157
319 posts
Posted by uzairbhatti0157 > 2017-11-09 21:47 | Report Abuse
KUALA LUMPUR (Nov 9): Oil and Gas (O&G) stocks on Bursa Malaysia rose today, as global crude oil prices continued on an upward trajectory.
“This is largely caused by the higher global crude oil prices,” MIDF Research analyst Aaron Tan told theedgemarkets.com, adding that Brent crude oil futures are at a 2.5-year high.
On Oct 27, 2017, crude oil price broke past the US$60 per barrel level for the first time since June 2015.
As of writing, crude oil prices were at US$63.63 per barrel.
At 11.45 am, Petronas Dagangan Bhd was 12 sen higher or 0.55% to RM21.86, with 63,700 shares traded for a market capitalisation of RM21.68 billion.
Additionally, Petronas Gas Bhd rose 46 sen or 2.7% to RM17.52, with 79,000 shares traded. This brings its market capitalisation to RM33.76 billion. It was also the second top gainer on Bursa Malaysia.
Petron Malaysia Refining and Marketing Bhd’s shares were up 40 sen or 3.28% to an all-time high of RM12.60, with 362,400 shares traded, for a market capitalisation of RM3.29 billion. It is the third top gainer on Bursa Malaysia.
Meanwhile, Hengyuan Refining Company Bhd’s shares, the fourth top gainer on Bursa Malaysia, were up 25 sen or 2.69% to a five-year high of RM9.54, with 1.35 million shares exchanging hands. This brings its market capitalisation to RM2.87 billion.
Source: http://www.malaysiastock.biz/Blog/BlogArticle.aspx?tid=13226