Posted by Zenithopia > 2017-11-16 09:40 | Report Abuse

hehe 12.00.

Posted by thenewbee > 2017-11-16 09:48 | Report Abuse

avoid all property sectors. Keep cash in position next year, anytime will have market crash. refinery is about all about crack spread. oil does affect abit but not much . once should know petronm malaysia has 0 duration of maintenance. full force in production

Posted by Alex Foo > 2017-11-16 09:52 | Report Abuse

actually. i want to ask. How will petronm fund their $6.5b refinery purchase? Rights issue?

why go for refinery? PE valuation market wise so low, but still want to dive in.

Posted by WaAdaLui > 2017-11-16 09:52 | Report Abuse

yeah yeah... back to 12.00... ^.^

Posted by Zenithopia > 2017-11-16 09:59 | Report Abuse

good qr otw.

Posted by Zenithopia > 2017-11-16 10:06 | Report Abuse

thanxx Bro nb.

Posted by newfunds > 2017-11-16 10:07 | Report Abuse

Alex, fyi no rights issue for the new project

Posted by Alex Foo > 2017-11-16 10:10 | Report Abuse

then? how to fund?

Posted by newfunds > 2017-11-16 10:17 | Report Abuse

Bank loans. Banker told me

Posted by Alex Foo > 2017-11-16 10:28 | Report Abuse

fuiyo, i3 so many insider news wakaka

Posted by newfunds > 2017-11-16 10:32 | Report Abuse

Time will tell and juz wait for the announcement

Posted by newfunds > 2017-11-16 10:33 | Report Abuse

We are accumulating more here

Posted by thenewbee > 2017-11-16 10:34 | Report Abuse

hengyuan doing so well. petronm aiyoyo slow .

Posted by Mohd Fahmi Bin Jaes > 2017-11-16 12:45 | Report Abuse

“Taking profit at current levels would imply bagging total gains of 15% in a span of just less than two month,” Kenanga said.

It added that while its uptrend was still somewhat intact at this juncture, negative showing from key indicators, coupled with multiple retests of its RM12.98 (R1) resistance could be some early signs of a near-term consolidation.

“From here, keen investors could look to a possible re-entry at more attractive levels near supports at RM11.12 (S1) and RM10.14 (S2),” Kenanga said.

Read more at http://www.thestar.com.my/business/business-news/2017/11/16/petron-shares-fall-on-profit-taking/#f4Se7ZyEsdkLqTbb.99

Posted by Mohd Fahmi Bin Jaes > 2017-11-16 13:00 | Report Abuse

Tp 13.00

Posted by JPMorgan > 2017-11-16 13:10 | Report Abuse

Time to buy even at this level as long as below 12. Entering persistently

Posted by WaAdaLui > 2017-11-16 13:25 | Report Abuse

Buy la. Qr profit more than 100mil wo. No good meh

Posted by Totalpackage > 2017-11-16 13:55 | Report Abuse

Results gonna be out any point in time in one of these days... by then if it will already be late... rare chance to buy on weaknesses..

Posted by probability > 2017-11-16 14:08 | Report Abuse

Posted by probability > Nov 16, 2017 01:56 PM | Report Abuse X

Study the data presented here carefully, you will never find a generous man sharing & spoon feeding such information in i3.

You will notice that Q3 average Gross refining margin 30 to 40% higher than Q1 (for Brent (Cracking) and Dubai (Cracking) - which is of slightly higher complexity than Simple refiners like Petron who does Hydroskimming).

This will result with Net refining Margin exploding by more than 50% relative to Q1 (minimum)!

Posted by probability > Nov 15, 2017 10:00 PM | Report Abuse X

https://www.iea.org/media/omrreports/MHM.xls

Refer: 50/50 HLS/LLS (Cracking)

Jul-17: 10.48
Aug-17: 13.37
Sep-17: 14.38

Posted by 富二代 > 2017-11-16 21:32 | Report Abuse

Come drop more la, waiting only to take more.

The moderate decline is because Petronm would need to rest for a while given the sharp rise in the past 1 month, it's quite normal for a stock to pause and hovering a little. Fundamental and volume wise still very good and getting thinner respectively.

Anyway, if any panic sellers wanted to get out, we are more than happy to take over...why not ?

Posted by Jeffreychuah > 2017-11-16 21:38 | Report Abuse

It is dropping slot.but I believe next week will go for sharp rise..go for more.peteonm cj as well

Posted by sheldon > 2017-11-16 22:04 | Report Abuse

Hopefully the impending results will provide a much needed boost

Posted by DrNeo > 2017-11-16 22:27 | Report Abuse

Most who saw the strong past performances of Petronm know how invaluable of its potential to create exponential wealth for them.

It is better not to easily undervalue or overlook this sleeping giant which is in the midst of waking up and roaring.

Posted by Uncle_Lim > 2017-11-17 01:53 | Report Abuse

Today rm9

Posted by UncleMau > 2017-11-17 09:07 | Report Abuse

Another KESM in the making, just need patience and good holding power

Posted by tokohM > 2017-11-17 09:08 | Report Abuse

i also hope that petronm like KESM, slow and steady

Posted by moneyJohn > 2017-11-17 09:18 | Report Abuse

It has the real potential to be next KESM for sure !

When you refer to the chart of both, they have similar cup and handle formation.

See for yourself to confirm.

Posted by Dragonpick > 2017-11-17 09:33 | Report Abuse

Most of the buy and sell are so fake these 2 days.............and volume is too thin to make the price go sharply down amid the release of superb result again.

Another record quarter result for Petronm is mostly likely to be achieved

Posted by valuecollect > 2017-11-17 09:41 | Report Abuse

Ha managed to top up small quantity (15k units) for now.

See afternoon the price level first to decide again.

Posted by KYYMachai > 2017-11-17 09:59 | Report Abuse

Guys, the CJ looks low enough to whack leh..........................come come come buy some for keeping before result is out

Posted by charles_cty > 2017-11-17 10:49 | Report Abuse

hi all.....Philippine Petron Report released.....

http://edge.pse.com.ph/companyDisclosures/form.do?cmpy_id=136

Posted by Newmaster > 2017-11-17 11:00 | Report Abuse

Consolidated Sales volume slightly improved to 80.25 million barrels (MMB) from previous year’s
79.33 MMB due to strong sales in Malaysian operations. For Philippine operations, the continued focus on
higher value market segments resulted in volume reduction of Diesel, Naphtha and LPG tempered by the
increases in Gasoline, Petrochemicals and Kero/Jet A-1.

For Malaysian operations, all products exhibited growth due to its aggressive network expansion and marketing initiatives.

Posted by Newmaster > 2017-11-17 11:04 | Report Abuse

Financial assets at fair value through profit or loss surged to P= 465 million from P= 221 million on
account of Petron Malaysia’s marked-to-market gains on outstanding commodity hedges.

Posted by Newmaster > 2017-11-17 11:05 | Report Abuse

Consolidated Sales volume went up 7% to 79.3 million barrels (MMB) from 74.4 MMB last year.
Petron saw robust growth across all market segments namely Retail, Industrial, LPG, and Lubricants. In the
Philippines, industrial sales increased by 14% contributed mainly by aviation and power-generation
industries. Likewise, its lubricants and LPG businesses posted a 17% and 14% growth, respectively. Petron
remained the undisputed leader in retail with nearly 2,250 service stations nationwide larger than three
closest competitors combined. In Malaysia, the Company continues to expand its current network of about
570 retail outlets by building more service stations, particularly in underserved markets. On a per product
basis, increases came from Diesel, Kero/Jet, Gasoline and LPG sales.

Meanwhile, Malaysian operations showed a 6% growth in the retail market mainly from higher gasoline sales.

Posted by 林俊松 > 2017-11-17 11:12 | Report Abuse

http://www.petron.com/web/Media/uploads/11_16_17_-_SEC_Form_17-Q_(3rd_Quarter_2017)_(as_filed_with_SEC_on_November_16,_2017)._.pdf

Posted by Hengyuan: SEXY BABE RM21! > 2017-11-17 11:47 | Report Abuse

Jay, what's your view on insas. Revalue coming soon, accounting treatment of associate changes.

Posted by Jay > 2017-11-17 11:48 | Report Abuse

A conservative valuation:
Projected net profit RM400m, Free cashflow RM400m (usually FCF is even stronger than profit due to depreciation) EV/FCF 10x (Petdag at >20x, Litrak also >10x). Net cash RM200m (by end 2017, Jun-17 already RM90m).

Petron fair value now should be at least RM4.2bn or RM15.50 about 30% more return

Posted by LaiHuatAhh > 2017-11-17 12:04 | Report Abuse

buy before too late... good fcf company... net cash zero debt company with div payout.... high eps company...

Posted by Khye Lock Tneoh > 2017-11-17 12:06 | Report Abuse

In the report also highlighted :

1) PetronM had cleared the remaining borrowing (approximately RM67 mils) on September 2017.

2) Petron Corp incurred higher selling & Admin cost, as well as finance cost, this indirectly drag down the consolidated results. Having said that, PetronM should have a decent results.

Posted by Petronm RM18.50 > 2017-11-17 12:13 | Report Abuse

Yes, yes. Pls refer to the above revised TP and MSCI fund managers would still find it too cheap wef 30 Nov 2017

Posted by Jay > 2017-11-17 13:24 | Report Abuse

insas is a giant web of unrelated biz, a bit like bjcorp. the only thing I like is inari, other than that I think insas is a value trap

Posted by Kadir Almushayah > 2017-11-17 14:12 | Report Abuse

Jay...me also think inari is good stock

Posted by 林俊松 > 2017-11-17 14:50 | Report Abuse

I compared Phillipine Q3 with its Q1 and found out that the gross profit for both quarters are almost the same.
However, Phillipine Q3 incur higher "selling & administrative", higher "interest expense and other financing charges" and "other expenses" that brought down the net profit. (Anyone can enlighten me where these expenses will reflect on Malaysia report?)
Since Phillipine operation is closed for 15 days for maintenance, thus, I assume Petron Malaysia Q3 to do better than Q1.

Posted by WaAdaLui > 2017-11-17 14:59 | Report Abuse

My prediction ( guess guess only ) Revenue 2,526mil PAT 101mil

Posted by ValueMaker78 > 2017-11-17 15:04 | Report Abuse

@WaAdaLui
Perhaps your may refer
http://www.petron.com/web/Media/uploads/11_16_17_-_SEC_Form_17-Q_(3rd_...

I exact figure from here,
I choose to HOLD.^^
Happy trading^^
TGIF

Posted by thenewbee > 2017-11-17 15:11 | Report Abuse

are u guys ready to pecut rm14? forget about rm 13( mesti pecut) keke

Posted by WaAdaLui > 2017-11-17 15:13 | Report Abuse

My TP 15.00

Posted by Jay > 2017-11-17 15:45 | Report Abuse

how many companies make >RM100m profit a quarter in similar commodity industry? I can only think of Press Metal which is making around RM150m a quarter. Profit 50% higher than Petron, lower than Hengyuan yet market cap is RM17bn vs Petron, Hengyuan RM3bn each

Posted by swiftwind > 2017-11-17 15:50 | Report Abuse

Revenue by Geographical Segment based on Petron Corp Quarter 3 Report

International includes China,
Vietnam, Taiwan, Cambodia, Malaysia, Thailand, Indonesia, South Korea and Singapore.

Q1 2017
PH = 67308 Mil PHP
International = 39104 Mil PHP

Q2 2017
PH = 51093 Mil PHP (shutdown plant 35 days)
International = 49453 Mil PHP

Q3 2017
PH = 59756 Mil PHP (shutdown plant 18 days)
International = 46791 Mil PHP

Indication points toward a better than expected revenue internationally, which includes Malaysia.

The missing link is the contribution of revenue by other Asian countries such as South Korea.

If the missing link can be identified, the revenue of Malaysia operations can be identified. Thoughts?

Posted by Newmaster > 2017-11-17 16:11 | Report Abuse

On May 25, 2017, PFISB prepaid the remaining balance of the 50 million loans in Malaysian
ringgit (MYR) amounting to MYR38 million (P436). Likewise, on May 29, 2017, Petron Malaysia
Refining and Marketing Bhd. (PMRMB) prepaid the remaining balance of the MYR100 million
amounting to MYR67 million (P779). Also, on September 27, 2017, PMRMB fully prepaid the
MYR100 million loan amounting to MYR67 million (P800).