Although markets are supposedly efficient, it's hard to subscribe to this when extrapolating the latest EPS, the share price at 8.37 is only trading at 5.6++ times.
There must be something that fund managers are seeing but we are not.
I think ppl overact on the crack spread, crack spread only one of the general reference to determine the profitability but may not 100% accurate, there are many more other factors to determine the profit, if crack spread really 100% to determine the profitability of the company, why many sifus will miss the forecast on the last qr profit?? Just wonder when petornm announced record profit in Q42016, what is the crack spread for that period?
it's true that crack spread is not the only factor but it is the best proxy to estimate the refining profit margin. like it or not, petronm and HY share price movement in 2H last year was largely driven by the uptrend in crack spread. likewise, when the spread is trending downwards to the level previously, obviously the share price tend to move accordingly
Smart investors can smell the opportunity..40% dropped is the buffer & if continue drop to 50% buy more. Good EPS for FA company unlikely get it wrong & proven the value investing
Buy cheap if you have money Hope to buy cheaper if you have not much money But Do not hope to gain fast, hope to gain BIG, as the coming result may not be as good as you have wanted
nothing wrong to say I am lying ...... because you are a chicken heart , talk like a chicken, think like a chicken how to believe other not a chicken like you
Notconfused stop lying to yourself Halite, I know how you feel... 23/04/2018 12:07
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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....
abn10
358 posts
Posted by abn10 > 2018-04-17 15:53 | Report Abuse
Petdag got buy call with tp around 11% from current price. Petronm still sleep from any news