Posted by angmo > 2018-01-15 16:40 | Report Abuse

Down to low will collect

Posted by ingram > 2018-01-15 16:53 | Report Abuse

don't worry, petronm will continue to crash tomorrow.

Posted by iFag > 2018-01-15 19:57 | Report Abuse

Good to enter?

Posted by Newmaster > 2018-01-15 20:38 | Report Abuse

Yes, another good 4Q in Feb soon

Posted by Cm0421 > 2018-01-16 01:03 | Report Abuse

Queue at 11.00
Lol

Posted by ingram > 2018-01-16 09:04 | Report Abuse

pjseow, enjoy the crash.


pjseow When HY dropped RM 2 at one point this morning , Petronm lost only 20s .
I just wrote yesterday and a few days ago , I sold HY at RM 17.00 and switched to Petronm because Petronm has the retailed businees like PEtDag which has much more stable earnings to cushion the more volatile refining earnings . This morning big drop of HY share price is in response to the online news in Star that the crack spread drop to US 6 . Petron earnings in Q4 16 and Q1 17 were more than 40 sen despite the fact that the crack spreads were only 5 to 6 dollars during that time . HY is not for the faint hearted whereas Petron earnings are more consistent. You can sleep better if you invest in PEtron compared with HY . OF course , if HY share price shot up suddenly due to a big spike in crack spread to more than 10 dollar , dont feel jealous . Just Be contented with a more slow and steady rise while you enjoy your good night sleep every night .
15/01/2018 13:59

Posted by peterchu > 2018-01-16 09:23 | Report Abuse

sorry guys, suppose both petronm and HY fans should not argue who is better as both also same - refiner ... lol

Posted by Bizfuneng > 2018-01-16 09:26 | Report Abuse

RHB report summary :

12 January 2018 Energy & Petrochemicals | Energy
Petron Malaysia
Buy (Maintained)
Target Price: MYR16.20
Price: MYR13.30
Pumping More To Fuel Growth Market Cap: MYR3,596m
Bloomberg Ticker: PETRONM MK
We spoke to management recently and came away still feeling positive on
Petron Malaysia. EBITDA is expected to average at MYR100-200m –
bringing its net cash balance to >MYR500m in FY18. The group has turned
into a net cash company since 2Q17, and its net cash balance ballooned
to MYR113m in 3Q17. Petron Malaysia’s refining spreads are expected to
remain high due to strong demand for gasoline products, while capacity
addition in the region remains subdued in 2018. Maintain BUY and
MYR16.20 TP (22% upside).
Avg Daily Turnover (MYR/USD) 6.00m/1.47m
52-wk Price low/high (MYR) 4.11 - 14.6
Free Float (%) 21
Shares outstanding (m) @MYR1 par 270
Expected Share Price Return 22%
Expected Dividend Return
Expected Total Return
Shareholders (%)
Petron 73.4
Tan Hock Cheng 1.0
Johan Enterprise 0.6
Share Performance (%)
YTD 1m 3m 6m 12m
Absolute (1.6) 4.2 16.6 72.5 225.7
Relative (3.1) (1.8) 12.9 68.6 216.9
Source: Bloomberg
Source: Bloomberg
Additional Data
Bursa Code
Listing Market
Beta
3-Month Average Volume (‘000)
ROA (%)
Cash coffer to strengthen further. Petron Malaysia’s EBITDA is expected to
average MYR100-200m in the current market environment, and the group’s
cash balance could surpass the MYR500m level by end-FY18. This is if
margins are sustained. We note that Petron Malaysia’s balance sheet turned
into net cash in 2Q17, and its net cash balance ballooned to MYR113m (42
sen/share) in 3Q17 with zero debt.
This, however, would not translate into higher dividends, as the extra cash is
most likely to be reserved for future expansion in refining capacity and petrol
station refurbishments. This is because there is still room for growth for the
group in the domestic market.
Gross margins to sustain. We believe GPM can be sustained at
c.MYR23.00/bbl for 2018, as demand for gasoline products remains strong. In
9M17, Petron Malaysia’s GP/bbl (the gauge for its refining margins) was strong
at MYR22.80/bbl (9M16: MYR17.00/bbl). Capacity addition pressure is likely to
be subdued in the year, as no major new refineries in Malaysia are coming online.
In Indonesia, the 100,000bpd capacity addition by Pertamina is also being
delayed to either 2019 or 2020 due to financing issues.
USD3.5bn allocated for expansion in refining capacity. Petron Corp, Petron
Malaysia’s Philippines-based parent company, is investing c.MYR3.5bn on
another refining facility on top of its current Port Dickson facility. This would
more than double its capacity to 178,000bpd (an additional 90,000bpd). The
indicated timeline for the completion of the new facility is in 2020.
It is too early to indicate to accurate earnings potential for the group, but the
facility could potentially bring in more diverse products into Petron Malaysia’s
portfolio, ie aromatics and other petrochemicals. This is in addition to its existing
products, namely gasoline, jet fuel and diesel.
Maintain BUY and MYR16.20 TP (22% upside). We are maintaining our
forecasts. Our TP is kept also at MYR16.20, which is pegged to 12.5x FY18F
P/E. This is still at a steep discount when compared to Petronas Dagangan’s
25x FY18F P/E. We continue to like Petron Malaysia due to its above market
growth in sales volume, as well as expectations of strong refining margins.
Risks to call include a reversal in such margins and an unplanned shutdown at
its refinery.

Posted by MUsee > 2018-01-16 09:31 | Report Abuse

12 is going to collapse

Posted by Bluemoon888888 > 2018-01-16 09:47 | Report Abuse

Time for shopping .

Posted by sheldon > 2018-01-16 10:03 | Report Abuse

Nibbled some. At 12.20 ++ prices, even without taking into account 4th quarter earnings, the PE is about 10.8.

Posted by JPMorgan > 2018-01-16 10:27 | Report Abuse

Needless to explain the quality of this stock again, we saw today's drop as strong buying level and is in the midst of collection for next 4q result.

Posted by stocknanmy > 2018-01-16 10:36 | Report Abuse

Kikiki, ape takut jual la beramai ramai.

Kutipan hari ni sungguh selesa dan kita tetap akan sapu lebih dari sekarang sampai Feb2018

Posted by Petronm RM18.50 > 2018-01-16 11:00 | Report Abuse

If we could think logically which we always dont.......why must petronm fall so much together with HY since HY is under much stronger selling pressure than Petronm.

So, it shouldnt drop that far eventhough it is closely correlated to HY.

Posted by Happy Investing > 2018-01-16 11:09 | Report Abuse

Petronm RM18.5

Then why?

Posted by Petronm RM18.50 > 2018-01-16 11:15 | Report Abuse

Volume for HY has been at least 6-10 times more than Petronm these few days......and HY is also actively traded.

What I mean is that Petronm is fairly tightly held for the past 1 month. Therefore, the sharp drop is actually manipulated by some interested parties.

Posted by mrtai021 > 2018-01-16 11:16 | Report Abuse

U can complain to the RHB analyst

Posted by Happy Investing > 2018-01-16 11:35 | Report Abuse

Good fundamental stock being played around

Posted by Petronm RM18.50 > 2018-01-16 11:35 | Report Abuse

Yes exactly

Posted by Happy Investing > 2018-01-16 11:37 | Report Abuse

same as Heng Yuen

Posted by Happy Investing > 2018-01-16 11:37 | Report Abuse

so sad

Posted by sheldon > 2018-01-16 11:40 | Report Abuse

I've never come across a more volatile stock. I feel the full range of despair and exhilaration in just a few hours of trading!

Posted by Petronm RM18.50 > 2018-01-16 11:50 | Report Abuse

Thats what the operator wanted to achieve

Posted by George Leong > 2018-01-16 12:55 | Report Abuse

Volume is very thinly traded, less than 1 mil shares exchanged hands these few days. Punters are in other stocks, and not Petron. With Brent crude trading at $68 - 70, retail sales is very encouraging. No reason to be panic.

Posted by Mohd Fahmi Bin Jaes > 2018-01-16 13:16 | Report Abuse

https://www.thestar.com.my/business/business-news/2018/01/16/refiners-dominate-losers-list-on-bursa-malaysia/

Posted by moneyJohn > 2018-01-16 13:32 | Report Abuse

Time to add some again

Posted by Mohd Fahmi Bin Jaes > 2018-01-16 13:33 | Report Abuse

More add more down

Posted by valuecollect > 2018-01-16 13:37 | Report Abuse

Why worry, most of us here are cash rich value investors. Continue to add when low

Posted by mamatede > 2018-01-16 13:42 | Report Abuse

oil price up too much de, their margin decreased overnight as their raw products price up suddenly.

Posted by Kyou > 2018-01-16 14:39 | Report Abuse

Is that crude oil up , crack spread down ??

Posted by Mohd Fahmi Bin Jaes > 2018-01-16 14:51 |

Post removed.Why?

Posted by Happy Investing > 2018-01-16 14:52 | Report Abuse

Not necessary nut crude oil up brings inventory gain definitely

Posted by Kyou > 2018-01-16 16:32 | Report Abuse

oic...lets c 4Q result

Posted by mamatede > 2018-01-16 18:39 | Report Abuse

but if your inventory already locked at a contractual fixed price so the issue is with ur raw material price. no point talking about inventory or what.
.

Posted by investor_cwc > 2018-01-16 23:14 | Report Abuse

Since rhb give a buy call y need to complain their analyst?

Posted by mamatede > 2018-01-16 23:57 | Report Abuse

did not see lctitan boom with so many buy call from analyst ?

Posted by kevinobc > 2018-01-17 07:00 | Report Abuse

https://www.cnbc.com/2018/01/16/banks-raise-oil-price-targets-on-strong-demand-and-opec-output-cuts.html

Posted by Halite > 2018-01-17 09:25 | Report Abuse

Stock: [PETRONM]: PETRON MSIA REFINING& MKTG BHD

Jan 15, 2018 08:57 AM | Report Abuse

The first priciple of investing is

DO NOT LOSE MONEY


CONSISTENT AND SUSTAINABLE EARNING IS BETTER THAN THE MAGICAL EARNING

Posted by Halite > 2018-01-17 09:30 | Report Abuse

Market is forward looking
Though Q4 may be good for refinery but if Q1 for next year may not be good
then market will not award you good PE

Posted by Halite > 2018-01-17 09:31 | Report Abuse

Last but not least

Do not jump ship
You may not land on a good heaven

Posted by perterpan > 2018-01-17 09:33 | Report Abuse

Halite, you are a deep thought individual with high level wisdom.............I like it.

Posted by pjseow > 2018-01-17 11:56 | Report Abuse

Petronm Parent Company in Philippines already started producing Euro4 gasoline in 2016. Petronm is the first to sell Euro4 standard gasoline in 2016 . Petronm retailing made more than half of the total profits . In Q2 2017 , when there was inventory loss plus low crack spread , Petronm can still deliver 33 sen eps . With better crack spread in Q3 plus some inventory gain , it delivered 39 sen eps . We expect Petronm to deliver record profit in Q4 of more than 40s eps due to higher crack spread . This will make Petronm 2017 total eps at 160 sen . This profit is even higher than PEtDag.

Posted by pjseow > 2018-01-17 12:09 | Report Abuse

With the estimated Petronm eps of 160s for 2017 , the PE is less than 8 with the current price of RM 12.48 . This PE is half of PetDag which is 100 % from retailing . Petronm 580 petrol stations plus other retailing businesses are similar to PetDag . I bought Petronm shares yesterday at 12.16 . Will buy more if it drops further . Buy at weakness .

Posted by pjseow > 2018-01-17 12:10 | Report Abuse

With the estimated Petronm eps of 160s for 2017 , the PE is less than 8 with the current price of RM 12.48 . This PE is half of PetDag which is 100 % from retailing . Petronm 580 petrol stations plus other retailing businesses are similar to PetDag . I bought Petronm shares yesterday at 12.16 . Will buy more if it drops further . Buy at weakness .

Posted by HENGYUAN Sexy Babe @ RM21 > 2018-01-17 12:44 | Report Abuse

many changing horse to here

Posted by ttluck > 2018-01-17 13:34 | Report Abuse

Its time to collect some....

Posted by LogicTrading > 2018-01-17 13:45 | Report Abuse

Correct correct

Posted by pjseow > 2018-01-17 14:18 | Report Abuse

Warren Buffet 's contrarian thinking in stock investment . When everyone is greedy, you must be fearful . When everyone is fearful , you must be greedy. In early August last year , Petronm price is slightly above HengYuan by about one ringgit . When Q2 result was announced when HY delivered only 28s versus Petronm 33 sen, Petronm's lead HY by as much as RM 3.50 . It was when Q3 result was annouced with HY making record EPS of 120 sen vs PEtron 's 39 sen that make HY share prices skyrocked from RM 10 to RM 19 overtaking Petronm by more than RM 4 . When HY's price collapsed on 29th Dec and stabilise at about 17 with such correction , I sold my HY shares and switch to the cheaper Petronm at about RM 13 . Sell high and buy low is my strategy . At the moment , many are fearful .

Posted by Kyou > 2018-01-17 15:56 | Report Abuse

turn red again .@@ GG

Posted by sheldon > 2018-01-17 16:05 | Report Abuse

As pjseow says - now's the time to get on the bus haha!