Posted by Newmaster > 2017-11-17 16:14 | Report Abuse

Oil Market
Year-on-year prices of Dubai increased by 16.8% to average US$50.43 per barrel in the third
quarter of 2017 from US$43.19 per barrel in the same period last year. OPEC’s production cut
which started in January 2017 supported the increase in prices. Product cracks also went on an
upward trend for naphtha, LPG, gasoline, kero-jet and diesel, owing to tightening of Asian and
global balances.

Posted by perterpan > 2017-11-17 16:24 | Report Abuse

Hapy happy, bought some again !

Posted by oldeagle > 2017-11-17 16:51 | Report Abuse

Sold all KESM and some PressMetal to ride on more Petronm since the pointers from parent are all giving positive hints that 3Q EPS would be strongest.

All in to bet hard this time.

Posted by JN88 > 2017-11-19 05:59 | Report Abuse

Go go go RM15.

Posted by AlexisHero > 2017-11-19 13:42 | Report Abuse

Already on this boat, show us more power.

Posted by 中国大妈炒股专家 > 2017-11-20 09:10 | Report Abuse

马来同胞们, 今天好吗 ?
来, 大家一起把它强力拉上18

Posted by thenewbee > 2017-11-20 09:14 | Report Abuse

http://www.klsescreener.com/v2/news/view/308551

Posted by Good_stock > 2017-11-20 09:56 | Report Abuse

Result coming out anytime. More and more research houses covering Petronm is already a good news and strong signal for BUY call

Posted by mamatede > 2017-11-20 10:07 | Report Abuse

RHB got buy call oh after this counter bull so high de..

Posted by ==Hengyuan SEXy Babe=== RM21! > 2017-11-20 11:47 | Report Abuse

Public Investment Bank Research has initiated coverage on Petron Malaysia Refining and Marketing Berhad (Petron) with an “Outperform” rating and target price of RM14.46 and said Petron made its foray into Malaysia in 1933, marking over 80 years of business continuity in this nation.

In a note today, the research house said Petron’s roots can be traced back to ExxonMobil when the company set up Standard Vacuum Oil Company.

It said that today, it is the third largest petrol retail operator.

“We begin coverage on Petron with an Outperform call and target price of RM14.46.

“We arrive at our target price using a discounted cash flow (DCF) method applying a weighted average cost of capital (WACC) of 7.71%.

“At our target price, Petron’s price-earnings ratio (PER) equivalent is 7.5x, lower than the regional average of 11.4x, but justified given its smaller market capitalization.

“Although above its long-term average, Petron’s forward PER is supported by the changing prospects of oil prices,” it said.

Posted by Jay > 2017-11-20 19:52 | Report Abuse

publics justification is lazy, even if market cap is smaller, does it justify PE being 50% lower than regional average? based on their RM14.46 tp and 7.5x PE, putting 10x PE will get a tp of RM19.30 and its PE still below average. then their market cap will be obviously higher and deserve lower discount?

Posted by swiftwind > 2017-11-20 20:27 | Report Abuse

Public is usually very stingy at valuation of stocks. For it to promote a buy with TP 14.46 consider very good le...meaning the actual traded price should be much higher

Posted by Khye Lock Tneoh > 2017-11-20 20:41 | Report Abuse

Public IB style is always give a lower TP, then gradually upgrade the TP if the figures is good.

I

Posted by lloydlim > 2017-11-20 20:44 | Report Abuse

Wellsay swiftwind!

Posted by Petronm RM18.50 > 2017-11-20 22:13 | Report Abuse

Most of the time, stocks recommended by Public Inv are going through many rounds of checks and testing before actual buy call.

And the TP given always come through over time. Pls watch closely.

Posted by Khye Lock Tneoh > 2017-11-21 08:52 | Report Abuse

Public IB analyst report stated :

1) Petron Miles Card has growth to 5 millions and out of the numbers with an estimate of 2.8 millions active customers (The number was 4 millions as at this year AGM).

2) Public IB forecast 2017 EPS will be $1.60, Free Cash Flow of $379 mils & 25 cents dividend.

3) FY2018 performance will be lower due to mandatory shutdown in 4th quarter.

Overall, the forecast is fair but with a slight conservative approach. However this is a normal practice for Public IB.

Posted by GICSpore > 2017-11-21 09:45 | Report Abuse

Opportunity to collect much more particularly this comment :
Public IB forecast 2017 EPS will be $1.60, Free Cash Flow of $379 mils & 25 cents dividend.

Posted by thenewbee > 2017-11-21 09:47 | Report Abuse

and this rebound gonna be really strong. rm14 in a month time.

Posted by angmo > 2017-11-21 09:52 | Report Abuse

Hehe, low enough now for me.............here I come

Posted by lowprofileone > 2017-11-21 09:55 | Report Abuse

Wondering why Public IB didnt cover HY since it is so good ? Think about it, Petronm is still better than HY.

Posted by LaiHuatAhh > 2017-11-21 10:23 | Report Abuse

For most IB, it is all about looking for stable, consistent, much less volatile and less risker companies. Too volatile companies might shoo them away. I think for sure IB know about HRC.

Posted by MayBee > 2017-11-21 10:41 | Report Abuse

Waiting to collect some again and impending result can be shockingly superb this round.

Posted by Imposterranger > 2017-11-21 10:57 | Report Abuse

Highly likely most weak holders were completely knocked out d, next uptrend can be very crazy if you look at the thin volumes nowadays

Posted by Newmaster > 2017-11-21 11:13 | Report Abuse

Guys who are still holding tight, need a little more patience to see the next wave soon.

If one more IB covers Petronm, then more are convinced to hold another 2 to 3 years, of course including me........lol

Posted by LaiHuatAhh > 2017-11-21 11:22 | Report Abuse

as per AR2016, with parent holding 73.4% of share, plus other 30 shareholders holding 7.8%, the remaining share floating outside was only 18.8%...

Posted by LogicTrading > 2017-11-21 13:39 | Report Abuse

Bro LaiHuatAhh, the remaining share floating outside may oledi drop to less than 15% due to active collection by several unknown parties in recent months.

Posted by valuecollect > 2017-11-21 14:27 | Report Abuse

Investors’ interest on Petron will also be moved by several factors including its attractive business model which shields the company from the adverse movement of oil prices and Ringgit fluctuations.

Posted by Misbehavior > 2017-11-21 15:02 | Report Abuse

Petronm is 20% of my portfolio, hengyuan is 11%, should I buy more on petronm?

Posted by Activeinvestor > 2017-11-21 15:29 | Report Abuse

Misbehavior, suggest you call Public IB to reconfirm hahaha

Posted by Misbehavior > 2017-11-21 15:45 | Report Abuse

emm. good advise.

Posted by thenewbee > 2017-11-21 16:44 | Report Abuse

Wa petronm. Who sell down so hard

Posted by LeeFoundation > 2017-11-21 16:48 | Report Abuse

Keeping more against price weakness for long term view since FCF is extraordinary

Posted by 林俊松 > 2017-11-21 16:53 | Report Abuse

Market sentiment really so bad, everyday got over 600 counters red.

Posted by Awet91 > 2017-11-21 18:54 | Report Abuse

Yeay everyday bad days,,huhu hope petron will fly after 3QR

Posted by sheldon > 2017-11-21 19:40 | Report Abuse

I see the textbook "driven by greed & fear" playing out.

About a year ago, I had a similar situation with Ajinomoto. It was bitter-sweet because I came out a little too early. Overall though it sweet - made my biggest kill !

Posted by FullTime > 2017-11-21 21:07 | Report Abuse

http://klse.i3investor.com/servlets/stk/fin/4456.jsp oil related company good result

Posted by newbie92 > 2017-11-21 23:16 | Report Abuse

Crude up, Petron also no power, why?

Posted by UncleMau > 2017-11-22 09:32 | Report Abuse

Dont worry, Petronm is the next KESM and Ajinomoto !

Posted by moneyJohn > 2017-11-22 09:52 | Report Abuse

If others not realising the potential, we are and keep adding for it to become the next KESM and Ajinomoto before too late

Posted by thenewbee > 2017-11-22 10:29 | Report Abuse

anyone able to estimate how much the eps will be this QR. doesn't even have the sign of good results . EPS should be around 1.4 to 1.8

Posted by kmwong8711 > 2017-11-22 11:10 | Report Abuse

Hey Bro& Sisters , according laihuatahh the remaining shares of Petronm in the public is around 15% so there should be bonus issue after this quarter results otherwise when this counter open up in MSCI Small Cap Indexes 30th of November the fund manager will scramble this counter is the best time the management will look into it !! Just my two cents opinion
Buy buy buy before is too late

Posted by CapitalVenture > 2017-11-22 14:26 | Report Abuse

Will take in more, thanks UncleMau for your reminder.

Posted by thenewbee > 2017-11-22 14:39 | Report Abuse

hengyuan run so fast. petronm show us something

Posted by Activeinvestor > 2017-11-22 15:41 | Report Abuse

Why worry, just relax and stay happy. Petronm's turn will be here anytime.

Posted by KYYMachai > 2017-11-22 16:13 | Report Abuse

Many can not tahan d ? Really so weak, wakaka

Posted by Kyou > 2017-11-22 16:14 | Report Abuse

@KYYMachai , still holding CJ ??

Posted by KYYMachai > 2017-11-22 16:17 | Report Abuse

Yes, a lot still. Cheap ma and long expiry with mother's potential to reach above 16 by Feb 2018

Posted by kmwong8711 > 2017-11-22 16:39 | Report Abuse

Buy buy don't waittttttttt

Posted by Kyou > 2017-11-22 16:39 | Report Abuse

still thinking to buy more CJ ..

Posted by kmwong8711 > 2017-11-22 16:42 | Report Abuse

Go go go anything is related to Petronm buy buyyyyyyyyyy