Posted by windcloud > 2017-11-23 17:10 | Report Abuse

thought this qtr will be best qtr .... but ended up margin wise quite same as previous qtrs ..... not really look into detail .....

Can any expert explain ?

Posted by Muthusamy > 2017-11-23 17:10 | Report Abuse

what i know is at least tomorrow wont gap down

Posted by windcloud > 2017-11-23 17:11 | Report Abuse

can compared to 1st qtr ? .... think compared 2nd qtr not fair .....

Posted by probability > 2017-11-23 17:11 | Report Abuse

Gross profit 218M...thats record high!

Posted by Jay > 2017-11-23 17:12 | Report Abuse

Great results. company made d conservative choice to hedge so make losses on derivatives so this quarter make less profit than they should but long term will minimise volatility. net cash at RM110m now despite higher working capital and paid RM59m dividend

Posted by probability > 2017-11-23 17:15 | Report Abuse

12. Review of Performance • Current financialperiod ended 30 September 2017

Petron Malaysia Refining a Marketing Bhd (PMRMB) recorded a net income of RM106 million for the third quarter of 2017, an increase of RM59 million from RM47 million in the same period in 2016. Compared to second quarter, net income also improved by 16% or RM15 million.

Revenue for the quarter grew by 40% to RM2.6 billion from RM1.8 billion last year largely due to higher oil price. With all sectors posting positive growth, total sales volume reached 9.0 million barrels, a 15% improvement from 7.8 million barrels last year.

Dated Brent averaged US$52 per barrel during the quarter compared to US$46 per barrel in the same period in 2016. Brent crude reached US$56/bblin September this year, up by almost US$10/bbl or 20% from the June level compared to the range-bound movement during the same period in 2016. As oil prices rose, the price differentials between finished products and crude also widened which further improved the Company's margins. Gross margin for the quarter went up to RM218 million, 82% higher over the same period last year.

The Company's revenue for the first nine months of 2017 increased by 42% to RM7.5 billion from RM5.3 billion last year driven by both higher prices and sales volume growth. Net income for the first three quarters amounted to RM305 million, higher than prior year's RM125 million over the same period, while operating income grew to RM381 million.

Profit before tax for the quarter ending September 30, 2017 is higher at RM138 million versus RM118 million in the preceding quarter.

Posted by LaiHuatAhh > 2017-11-23 17:18 | Report Abuse

guys... look at the debt... HAHAHAHA

Posted by LaiHuatAhh > 2017-11-23 17:18 | Report Abuse

impressive result! at least for me!

Posted by tokohM > 2017-11-23 17:20 | Report Abuse

impressive result but I didn't buy enough

Posted by windcloud > 2017-11-23 17:21 | Report Abuse

thks .... roughly know the reasons .....

Posted by Micht > 2017-11-23 17:29 | Report Abuse

Damn. Share price has rallied way ahead now. It is still worse than Q1 results. And slight improvement from Q2

Posted by swiftwind > 2017-11-23 17:31 | Report Abuse

Pls look beyond the results. Q2 large gains are due to one off gain for mandatory disposal to MRT Corp. if u look based on qoq results improved alot

Posted by Newmaster > 2017-11-23 17:34 | Report Abuse

Huat huat huat from 2morrow onwards

Posted by 林俊松 > 2017-11-23 17:39 | Report Abuse

This quarter is based on oil $52, now brent trade at $63.
Balance sheet super good, i love RM0 borrowing and debt, NTA improving~

Posted by FairTalk > 2017-11-23 17:40 | Report Abuse

Fantastic results.

Posted by Mohd Fahmi Bin Jaes > 2017-11-23 17:42 | Report Abuse

Sell on news

Posted by GICSpore > 2017-11-23 17:45 | Report Abuse

Management quality is the key driver to its excellent performance.

Biz performance is getting better and better. More to come ahead.

Posted by smoking > 2017-11-23 17:45 | Report Abuse

On Q2 2017 : Page, item 15. Loans and borrowing - Petronm had RM66 Million debt
2017 Q3 report : Page 13, item 17.Loans and borrowing - The company has settled off its loans and borrowings as at 30 september 2017

So basically paid all RM66 million and PetronM is a MONEY MAKING MACHINE.

Posted by UncleMau > 2017-11-23 17:48 | Report Abuse

And basically, another KESM and Ajinomoto in the making !!!!!!!!!!!!!!!!!

Posted by UncleMau > 2017-11-23 17:50 | Report Abuse

Dont let the cooked duck fly away, hold tight all.

Remember MSCI starts covering Petronm wef 30 Nov 2017

Posted by cheoky > 2017-11-23 17:50 | Report Abuse

Hosei

Posted by alibabaJack > 2017-11-23 17:52 | Report Abuse

Jack it up up up all the way ! Cheers

Posted by HENGYUAN sexy babe @ RM21 > 2017-11-23 18:13 | Report Abuse

All way to 15

Posted by Jailani DArus Jaionseven > 2017-11-23 18:49 | Report Abuse

good job petronM... !!!..

Posted by FutureEyes > 2017-11-23 18:56 | Report Abuse

Congrats to petron shareholders! Much higher than I had anticipated. This is inline with the rise in crack spread.

Posted by zoomsbooms > 2017-11-23 18:56 | Report Abuse

Walawehhhh..debt free woiii

Posted by gladiator > 2017-11-23 19:35 | Report Abuse

Very good results ...

Posted by Awet91 > 2017-11-23 20:11 | Report Abuse

Fly fly away.

Posted by Kyou > 2017-11-23 20:12 | Report Abuse

Result consider very good?

Posted by Jon Choivo > 2017-11-23 20:16 | Report Abuse

Fairly ok.

Posted by Petronm RM18.50 > 2017-11-23 20:28 | Report Abuse

Yeah, no loans become lighter and can go up above 18 so easily now !

Posted by Davidl > 2017-11-23 20:33 | Report Abuse

New high tomorrow!

Posted by alanthamkw > 2017-11-23 20:58 | Report Abuse

Betting on the right stock like PetronM is so important........soon some newbies will be holding a stock over RM16 for the first time in their life.

Zero debt with strong and steady earnings are driving the price higher and higher.

Posted by Dragonpick > 2017-11-23 22:25 | Report Abuse

Strong eps exceeding at least RM1.50 for the first time for full year, good job !

Posted by Chong Hon > 2017-11-23 22:29 | Report Abuse

any one can explain gain/loss on derivatives?

Posted by eng123 > 2017-11-23 22:30 | Report Abuse

70m derivative loss...imagine without it..the profit would be much higher

Posted by Chong Hon > 2017-11-23 22:39 | Report Abuse

zzzz now still no ppl know how to explain . I just need to learn what is gain/loss on derivatives for case study purpose.tyvm

Posted by goongsokaro > 2017-11-23 22:39 | Report Abuse

Just be careful. Normally after post a good result, some counters tend to drop for a few trading days before go sideway and then start to move again. It happen previously. Just my 2 cents.

Posted by Newplayer286 > 2017-11-23 22:42 | Report Abuse

http://www.klsescreener.com/v2/news/view/310853

Posted by newbie92 > 2017-11-23 22:44 | Report Abuse

Looks like profit taking tomorrow, still can up?

Posted by stockraider > 2017-11-23 22:45 | Report Abuse

OF COURSE IT WILL TRY RM 13.00 TOMORROW LOH...!!

Posted by wantocin > 2017-11-23 22:46 | Report Abuse

tmr > rm 13

Posted by bzeew > 2017-11-23 22:58 | Report Abuse

Congrats!

Posted by Activeinvestor > 2017-11-23 23:12 | Report Abuse

The group’s chairman Ramon S. Ang said the group is confident of ending the year “on a high note” as it remains focused on expanding its retail presence, improving operational efficiencies and enhancing customer experience.

“Our efforts to further grow the business are in full swing, moving us closer towards our long-term goal of being a leading player in Malaysia,” Ang said.

Posted by probability > 2017-11-23 23:37 | Report Abuse

NOVEMBER 23, 2017 / 6:11 PM / UPDATED AN HOUR AGO:

Traders mop up fuel cargoes before refinery repair crunch:

https://uk.reuters.com/article/oil-refining-fuel/traders-mop-up-fuel-c...

LONDON, Nov 23 (Reuters) - Traders are chasing gasoline and diesel cargoes and drawing volumes away from Europe to prepare for a particularly heavy round of refinery works around the world.

The buying spree has soaked up fuel even as many refineries have been running flat out, while the surge in demand has sent tankers on unusually erratic routes.

This has underpinned a bullish oil market that has pushed crude prices to two-year highs.

Buyers from Venezuela to Singapore, still recovering from the loss of millions of barrels in U.S. refining in the autumn due to Hurricane Harvey, are now grappling with upcoming refinery closures for repairs in the Middle East.

With Latin America’s own refineries running at a fraction of capacity due to lack of maintenance, the region has been taking much of the diesel coming from the U.S. Gulf Coast.

To compensate, U.S. East Coast buyers have pulled in diesel cargoes that had been destined for Europe, including one siphoned from a 2-million-barrel vessel that was built to carry crude from Asia.

“Demand has come in stronger than people anticipated,” said Robert Campbell, head of oil products research with Energy Aspects, adding that the increase in demand for products stocks in advance of early-year maintenance came faster than expected.

In the past, diesel cargoes rarely left Europe, a region that imports nearly 20 percent of its needs and which traders till recently termed a “dumping ground” for the fuel. But exports have surged from Europe since Hurricane Harvey.

Gasoil stocks in independent storage in Europe’s Amsterdam-Rotterdam-Antwerp hub plummeted to three-year lows last week, falling below 2 million tonnes even as winter demand for heating fuel looms. At that level, stocks are 42 percent lower than the 2017 high hit in May and about half the record hit last year.

Gasoline is also heading out of Europe. Data from industry monitor Genscape shows 3.6 million barrels of gasoline and reformate, a component used to make the motor fuel, left Europe for China, Singapore and the Middle East in the past two months.

By some estimates shipments are at least 20 percent above the same period last year. Several traders said roughly 1 million barrels per day loaded in the past week alone, bound for the Middle East and Far East.

“That’s a ridiculous volume of exports,” one trader said.

Iranian gasoline production shortages forced Iran to import more cargoes. But buying is mainly being driven by refinery maintenance work planned for first quarter of 2018, particularly in Saudi Arabia, said Campbell and several traders.

“We’re talking about a very large amount of crude capacity that’s coming off,” Campbell said, adding it would lead the Middle East region to continue importing into early next year.

Demand for gasoline cargoes is keeping stocks from building significantly, even though refineries worldwide are running at more than 96 percent of capacity, their highest in more than three years, according to estimates by analysts JBC.

“Inventories for gasoline and diesel have fallen significantly, and we see the market as having rebalanced from this perspective,” JBC said.

“Together with little spare capacity and still-strong demand, we expect relatively erratic movements in cracks to keep market participants on their toes,” the firm added.

Posted by andrewong > 2017-11-23 23:41 | Report Abuse

gap up for petronm-cj 2morow?

Posted by andrewong > 2017-11-23 23:43 | Report Abuse

derivative is when the company enter into swap? let say FX swap, CCS swap or interest rate swap,etc.. basically, it depend on the market risk

Posted by newbie92 > 2017-11-23 23:47 | Report Abuse

Derivative loss still can make big jump in profit,let see how market react tomorrow.

Posted by alanthamkw > 2017-11-23 23:54 | Report Abuse

Cj cj yea

Posted by sheldon > 2017-11-24 00:34 | Report Abuse

Loans & borrowings have all disappeared. Cash flow from operations are strong. TQ management. If only our local GLCs like Sime, Maybank etc can have a similar professionalism so that the full potential can be realised.