Posted by ongts > 2018-06-10 17:04 | Report Abuse

with dividend of 0.25 should be maintain at price of 8.50

Posted by sheldon > 2018-06-11 06:35 | Report Abuse

SimonLee76 Any highlights on yesterdays AGM?

Yes a disappointing realisation.

Posted by SimonLee76 > 2018-06-11 11:35 | Report Abuse

Sheldon What did that announce or say?

Posted by sheldon > 2018-06-11 14:03 | Report Abuse

Among others - Euro 5 upgrade & opening of new stations would consume about 600m & yada yada yada.

But here's the realisation.... Are you aware that about half the stations belong to the sister co PFI? Now here's the kicker ... PFI is wholly-owned by San Miguel

Posted by SimonLee76 > 2018-06-11 14:29 | Report Abuse

Euro 5 would make it have more future proof and ahead of its pack in Malaysia.
Sorry that I don’t really know about San Miguel beside that they are a conglomerate. Care to fill me in on it thanks

Posted by trulyinvest > 2018-06-11 17:01 | Report Abuse

someone press it very hard from goin up

Posted by Sardin > 2018-06-12 12:06 | Report Abuse

Hi Sheldon, it is already mentioned in the AR 2017 that the 600 stations include those owned by sister company. It is not a bad thing though as it will make sure that the demand exceeded Petron refinery's output.

Posted by sheldon > 2018-06-12 23:37 | Report Abuse

Sardin - you're right on that point.

However there are structural issues of governance. The top management are naturally beholden to the Philippine parent co. In addition, (as per directors' report), they own large chunks of San Miguel Corp. Therefore they are incentivised to ensure that the sisters Petron Fuel Int & Petron Oil register more profits by a combination of picking up lesser that their share of expenses and more than their fair share of revenue.

Posted by Halite > 2018-06-13 09:47 | Report Abuse

the world can be more beautiful if you constantly remind yourself not to look at others so evil
there is nowhere you can put your money if everyone you think of is that selfish

Posted by Halite > 2018-06-13 09:58 | Report Abuse

a long an genuine joint-venture needs an excellent governance ,Not the Big bully the Small

a lopsided business may see a short term gain on one side but it is just temporarily

the reason is simple to understand

if you think other is a fool , then you yourself already a fool

Posted by Jaya > 2018-06-13 19:00 | Report Abuse

Halite my Sifu
Jaya from UK, I am back into Petron again
Slowly slowly accumulate 50k, 8.02 cheap when reach 8.7 sell and return to Malaysia on holiday again for 6 weeks

Posted by john0909 > 2018-06-13 21:22 | Report Abuse

hmm.... gas tariff increase... good for petromn lpg gas?

Posted by trulyinvest > 2018-06-14 12:33 | Report Abuse

added 7.94. no bottom at all

Posted by trulyinvest > 2018-06-16 02:18 | Report Abuse

Crude oil drop. Good for refiner like petron. Cost of production drop

Posted by SimonLee76 > 2018-06-17 15:33 | Report Abuse

Trade war tensions again between China and US. China gonna slap US with sanctions on crude oil. Any ideas how market will react ?

Posted by kong73 > 2018-06-17 18:18 | Report Abuse

Good for OPEC and Russia. But it will not make a difference to increase oil price

Posted by steve_usa > 2018-06-19 01:10 | Report Abuse

It's good to collect it now, a possible good run by early July....

Posted by sonyangel > 2018-06-19 14:04 | Report Abuse

collecting 7.70 range

Posted by trulyinvest > 2018-06-19 16:59 | Report Abuse

drop until scare to average

Posted by Sardin > 2018-06-19 21:42 | Report Abuse

Who wants to buy at 8.20 tomorrow please queue now. I'll sell to you tomorrow morning.

Posted by trulyinvest > 2018-06-19 22:19 | Report Abuse

I oso wan to sell. Market crash very soon

Posted by trulyinvest > 2018-06-20 11:51 | Report Abuse

dun know who keep pressing it down

Posted by john0909 > 2018-06-20 12:23 | Report Abuse

foreign fund.... petronm share mostly driven by foreign investors i supposed.... correct me if im wrong...

Posted by trulyinvest > 2018-06-20 14:43 | Report Abuse

sth bad hapen?

Posted by trulyinvest > 2018-06-20 16:58 | Report Abuse

game over. 8 straight days down

Posted by Junichiro > 2018-06-20 17:04 | Report Abuse

Very likely there is not much free float in the market. A few players have already cornered all the free float. The trades are in 100 shares rather than 1000 shares. Petron may be better than Hengyuan but Petron is highly illiquid to trade.

Posted by steve_usa > 2018-06-20 19:19 | Report Abuse

Can't wait to see 10 straight trading days in red! Time to allocate your spare fund for the showtime tomorrow and Friday collection! For a short term, No such stock as good as Petronm for a lucrative return of investment!

Posted by ChipSaham > 2018-06-20 23:44 | Report Abuse

Dji with +ve jumps.hope KLci with rebound

Posted by humblechung > 2018-06-21 00:14 | Report Abuse

falling knife

Posted by steve_usa > 2018-06-21 10:12 | Report Abuse

Foreign investors please dispose quickly so that we can help you to pick it up now! EPF, KWAP and petronm major shareholders hold your mark and give us a chance to make Raya money first!

Posted by trulyinvest > 2018-06-21 10:35 | Report Abuse

can petron close green today?

Posted by Notconfused > 2018-06-21 10:43 | Report Abuse

my petron cm toilet paper d, so sad....

Posted by trulyinvest > 2018-06-21 12:22 | Report Abuse

c u at rm6.20

Posted by ChipSaham > 2018-06-21 12:39 | Report Abuse

@Not confused.at what price u bought..i hv pick up at 7.53.but keep on dropping

Posted by 1359917224 > 2018-06-21 14:03 | Report Abuse

i am waiting at RM5... see you there..

Posted by john0909 > 2018-06-21 14:58 | Report Abuse

market sentiment is just too bad lately.... trade war + political matter making things from bad to worst especially in malaysia...

Posted by trulyinvest > 2018-06-21 16:59 | Report Abuse

game over. bottomless

Posted by Notconfused > 2018-06-21 23:52 | Report Abuse

Chipsaham - 0.07 expiry in October...

Posted by Notconfused > 2018-06-21 23:53 | Report Abuse

Halite should be licking his wounds now - he kena teruk

Posted by trulyinvest > 2018-06-21 23:54 | Report Abuse

Halite bought above rm10, n keep buying all the way down

Posted by ChipSaham > 2018-06-22 00:05 | Report Abuse

Should cut loss n buy at dips....but donno the bottom.keep on buying frm 7.53 & 7.35

Posted by sonyangel > 2018-06-22 09:38 | Report Abuse

how low can it go and how long can it be at such low? Nothing is permanent. Have spare cash and buy bit by bit and let it run!

Posted by trulyinvest > 2018-06-22 11:25 | Report Abuse

if buy now wil face another risk of reporting poo result in aug

Posted by kong73 > 2018-06-22 17:22 | Report Abuse

It is still profitable with no debts - it is not poor

Posted by Notconfused > 2018-06-25 19:01 | Report Abuse

From green to red today wtf is wrong with this counter?

Posted by trulyinvest > 2018-06-25 20:46 | Report Abuse

Expect to drop to rm620

Posted by Notconfused > 2018-06-26 14:50 | Report Abuse

sad, my petron cm :(

Posted by trulyinvest > 2018-06-26 16:17 | Report Abuse

Tis counter game over

Posted by trulyinvest > 2018-06-26 17:14 | Report Abuse

Write a http://www.theedgemarkets.com/article/asia-oil-refining-margins-drop-twoyear-low-gasoline-profit-plunges..

Posted by trulyinvest > 2018-06-26 17:14 | Report Abuse

Hopeless