Posted by RainT > 2018-12-19 00:01 | Report Abuse

was many sifus is taking chance to buy in PETRONM

Posted by RainT > 2018-12-19 00:01 | Report Abuse

Seem like very confident on PETRONM

Posted by Choivo Capital > 2018-12-19 00:11 | Report Abuse

Yeah quite so. Every time someone tells me a business is cyclical, i have to ask. Find me a business that is not cyclical.

Even coca cola sales also drop in a recession. What is cyclical and what is not?

The question is not if the company is cyclical anot. But the economic characteristics of the company.

Having said that some companies do tie alot tighter with economic outlook, and coupled with high debts. Becomes EXTREMELY volatile. In bear, go down to hell. In bull, go to heaven.

Just look at annjoo, masteel etc.

Posted by chickenputih > 2018-12-19 09:46 | Report Abuse

stay cautions when everyone is talking good about it .. things may get terbalik :P

Posted by mamatede > 2018-12-19 11:00 | Report Abuse

Yaya stay caution and use your brain to assess. open your eyes in KL and all, see more petron station?

Posted by TakeProfits > 2018-12-19 13:06 | Report Abuse

Caltex CTX Australia...CTX similar like Petron M traded high A$37 and low of A$24 last 52 weeks. And its PE is 8.75. Check.it out at Bloomberg. Caltex Australia also have its own petrol stations. 3 years ago it was 17, I thought it was too high. Well in hindsight I should have bought...Well...it's gone but another chance cos it's trading at around 25A$ now. So if you were an investor you would have made. Everyday you guys look at few cents up and down...having your heart rate go up and down.....then berak in jamban...hahaha..LOL.
Let me explain some years back I bought 20k a stock average A$2...waited some years and recently nearly sold all at above A$7 over. Mind you this stock went as high as a$8.50....
Oay mamatede...You I think a nice lady, I am sure petron and hengyuan long term you will make money. Depends on how much you buy...If you buy 100shares..nothing I can say. AT THESE PRICES BUY AND HANG ON. Depends on your risk appetite ...Sure you decide with all the US/China thing, trade wars and US rates going up and fears of lesser growth.

Posted by ttluck > 2018-12-19 15:29 | Report Abuse

i only treat this stock as long term....

Posted by Choivo Capital > 2018-12-19 17:01 | Report Abuse

Can't tahan, topped up at 6.11

Posted by TakeProfits > 2018-12-19 18:25 | Report Abuse

Bought at 6.09...HEHE....let's see where it goes. If up may be can buy depending on price. If down, buy somemore. Haha..

Posted by trulyinvest > 2018-12-19 20:02 | Report Abuse

Fake rebound

Posted by Choivo Capital > 2018-12-19 22:22 | Report Abuse

I hope its not just fake rebound. But SCAM rebound. Drop to RM3 for me see. Hahaha

Posted by TakeProfits > 2018-12-20 11:41 | Report Abuse

Drop lower I will buy some more. These kind of rebounds hard to trust..Invest and wait..

Posted by TakeProfits > 2018-12-20 11:43 | Report Abuse

Hey trulyinvest ...what do you expect ...bear immediately become bull arh..Haha. This is OPPORTUNITY time for me....Time will be out friend. Future geopolitical concerns etc...

Posted by TakeProfits > 2018-12-20 11:56 | Report Abuse

I am hearing that big time gamblers have to sell.assets to clear off their stock.lossess. Really pity how people can get sucked in ammo badly. For me, it's good time to slowly accumulate

Posted by Notconfused > 2018-12-20 14:25 | Report Abuse

avoid!

Posted by carry > 2018-12-20 15:11 | Report Abuse

avoid for now

Posted by Choivo Capital > 2018-12-20 15:32 | Report Abuse

Takeprofit,

Good luck, see you on the other side. Move forward, with caution!

Posted by Jaya > 2018-12-20 18:01 | Report Abuse

Choivo
I enter at 6 only

Posted by TakeProfits > 2018-12-21 00:43 | Report Abuse

Jaya...6 and below could not be discounted for now looking at the state of things and world markets....

Posted by TakeProfits > 2018-12-21 01:14 | Report Abuse

Good luck Jaya if 6 comes. Well some people bought a bit higher and that's ok for the long term horizon. No one knows the lows buy at these prices and slightly higher it's just to have a position in it. Good luck to you getting at 6 and below. It will benefit is all of it goes lower.

Posted by alam Rafik > 2018-12-21 01:22 | Report Abuse

PETRON MALAYSIA volume low la....bcs no body going to BUY..ha ha

Posted by boy2ts > 2018-12-21 09:36 | Report Abuse

please hold to buy and sell. everyone.

Posted by fosther > 2018-12-21 11:58 | Report Abuse

WeChat Pay Promotion at Petron
https://www.maybank2u.com.my/maybank2u/malaysia/en/personal/promotions/maybank_cards/promo_my_wechatpetron1218.page?

Posted by fosther > 2018-12-21 11:59 | Report Abuse

Petron Promotion WeChat Pay
https://www.ambank.com.my/ambank/SiteAssets/SitePages/simple/terms-and-conditions/WeChatPayxPetronTnC.pdf

Posted by TakeProfits > 2018-12-21 15:32 | Report Abuse

Haha...No more to sell..All bought up and being held in strong hands. No more for you to buy alam radio haha..

Posted by yfchong > 2018-12-23 16:57 | Report Abuse

Can buy...

Posted by yfchong > 2018-12-25 07:54 | Report Abuse

DJI sends a big surprise...

Posted by chickenputih > 2019-01-02 15:54 | Report Abuse

please drop now .. if you keep hanging there , how do i join this counter .. sob sob ..

Posted by chickenputih > 2019-01-03 10:36 | Report Abuse

watchout .. :P

Posted by sheldon > 2019-01-03 10:59 | Report Abuse

Guessing game - what do you speculate will be the profit for the last 2018 quarter?

A - Loss
B - 0 - 50m
C - 51m - 100m
D - > 100m

My guess is C

Posted by chickenputih > 2019-01-03 11:25 | Report Abuse

i pick D .

Posted by chickenputih > 2019-01-03 11:43 | Report Abuse

ini kali kah?

Posted by GT > 2019-01-03 15:57 | Report Abuse

B

Posted by SimonLee76 > 2019-01-03 21:04 | Report Abuse

I would agree with Sheldon with C. We seen a drastic drop in crude oil price the past month. It would hit profits for sure. D might be a bit too optimistic. Hopefully next quater it would achieve D.

Posted by Choivo Capital > 2019-01-03 21:10 | Report Abuse

Hmm, i'm hoping

A, due to gain in derivative potentially being an OCI. Im not sure why derivative gain/loss is shown here in the PBT, but in HY its in the OCI.

Posted by sheldon > 2019-01-03 22:53 | Report Abuse

Based on the feedback on profits so far then we could expect a healthy dividends of > 25 cent per share?

Posted by ajibkor > 2019-01-04 03:59 | Report Abuse

Petrol delay drop bec Tun M take care crony?

Posted by GT > 2019-01-04 13:56 | Report Abuse

sheldon Based on the feedback on profits so far then we could expect a healthy dividends of > 25 cent per share?
03/01/2019 22:53

FY2017 has been quite a good year for petronm but management have conservatively declared only 25cents div that time, so my guess div for FY2018 minimum div would be 25cents, should there be any increase of div i guess it would also be very minimal perhaps a 0.01 or 0.02cents increased only... anyway we can know the answer already in next month report...

Posted by johnbrooks > 2019-01-04 20:45 | Report Abuse

Remain calm, not sure lah bro on the profit margin. Apparently refinery margin is the worst for the past 7 years. Googling about refinery margin and found this article.

https://mobile.reuters.com/article/amp/idUSL4N1YA2PV

Need to see next quarter result. If still ok then maybe petron is not affected.

Posted by johnbrooks > 2019-01-04 23:19 | Report Abuse

This article is more recent:

SUPPLY FROM NEW REFINERIES TO WEIGH ON GASOLINE

Fundamentals in the Asian gasoline market are likely to remain weak in 2019 despite being supported by the Middle East, as South Asia searches for fresh regional demand while nursing a hangover from 2018's supply glut, sources said.

China has awarded the first round of gasoline export quotas for 2019 at 5.19 million mt, down 20.8% year on year. Despite the lower quota in the first round, supply is set to rise as new refineries Hengli Petrochemical and Zhejiang Petrochemical come online in Q1 and Q2 2019, respectively. Quotas are expected to rise in future rounds as part of the Chinese government's continued efforts to ease a bloated domestic market. Both refineries will add a total of 800,000 b/d to Chinese output.

Outside China, new projects such as Malaysia's 300,000 b/d RAPID refinery coming online in H1 2019 will add 98,000 b/d of gasoline to the market. This, coupled with steady run rates from refineries in North Asia, adds to mounting concerns of supply.

Uncertainty prevails on whether South Korea's tax reduction on auto fuels will provide any noteworthy support to gasoline markets. Although lower pump prices may help raise demand, many believe that any significant rebound in gasoline demand will only be seen at the start of the driving season in mid-2019.

There is little new regional demand that could help absorb the Asian surplus.

Indonesia's purchasing power for refined oil products has been severely circumscribed by a depreciating rupiah, market sources said. The government's efforts to reduce the country's current account deficit and lower its import bills will also put a ceiling on any fresh demand from Southeast Asia's largest importer of gasoline.

On a bright note, demand from Africa, Pakistan and India is likely to remain strong while supply is expected to tighten as Middle Eastern refineries go on turnaround in H1 2019. Middle Eastern producers are also collectively expected to cut the usage of lighter grade crude oil due to low refining margins, which will further tighten supply of gasoline within the Persian Gulf.

Posted by Choivo Capital > 2019-01-04 23:30 | Report Abuse

Good. I like it. Continue extrapolating the now to the future, infinity and beyond.

Because there is no such thing as natural feedbacks.

Posted by BN_better > 2019-01-05 02:52 | Report Abuse

Najib admits 'defaming' govt over fuel tax, says its 29.81 sen per litre, not 30 sen
Read more at https://www.thestar.com.my/news/nation/2019/01/04/najib-admits-defaming-govt-over-fuel-tax-says-its-2981-sen-per-litre-not-30-sen/#4TsPMHIROR5GYMeX.99

Posted by sheldon > 2019-01-05 04:43 | Report Abuse

Despite gasoline margins under pressure, in Malaysia there's some lagging in the adjustment of prices. The govt does consult the petrol station operators to ensure that they earn a decent margin before deciding on the retail prices.

I feel given that the 3 quarters cumulative profit already amounts to 250m+ with reserves 1.5b+ and 25 sen dividend is only 59m+, they could and should easily pay 30 sen.

Posted by chickenputih > 2019-01-07 10:04 | Report Abuse

sad la

Posted by mamatede > 2019-01-07 20:38 | Report Abuse

wuhoo, happy liao bought at 6.05... take profit first thing tomorrow.

Posted by TakeProfits > 2019-01-07 23:32 | Report Abuse

Mamatede, how many lots you buy..hehe...kikikki

Posted by Parttimer > 2019-01-08 12:54 | Report Abuse

so what's TP here? 7 bucks?

Posted by Vincent5525 > 2019-01-10 02:56 | Report Abuse

Wonder why crude oil back to 52++ share price still drop?

Posted by johnbrooks > 2019-01-10 11:13 | Report Abuse

Vincent, refinery margin in asia weakest since 7 years. Oversupply and demand slowdown from china mainly. Not sure if malaysia refinery same thing or not.

https://mobile.reuters.com/article/amp/idUSL4N1YA2PV

Posted by chickenputih > 2019-01-11 10:51 | Report Abuse

if want get the tickets , please do it now .
cross cross cross liao ..