Posted by Sslee > 2022-06-06 10:37 | Report Abuse

Petronm and Petdag did not benefit from petrol subsidy. In fact if no subsidy Petronm and Petdag will benefit more as they can collect the retail sales in full from consumers rather than wait for months to collect the receivables (petrol subsidy) from government.

Posted by stockraider > 2022-06-06 10:49 | Report Abuse

Rubbish lah!

U think Petroleum price at Rm 4.50 to Rm 5.00 per litre from current Rm 2.05 per litre people can afford to pump more meh ??

Consumption will drop 35% to 50% loh!

Posted by Sslee > 9 minutes ago | Report Abuse

Petronm and Petdag did not benefit from petrol subsidy. In fact if no subsidy Petronm and Petdag will benefit more as they can collect the retail sales in full from consumers rather than wait for months to collect the receivables (petrol subsidy) from government.

Posted by MoneyMakers > 2022-06-06 10:52 | Report Abuse

Fundamentals very weak + unsustainable

When collapse starts, easily 20%++ drop opening price

Floating shares soo low - easily collapse when 1 big sell order come in @ syndicate run..gdluck chase high

Posted by stockraider > 2022-06-06 10:53 | Report Abuse

Msia Refinery just need crack spread of USD 4.5 to earn reasonable profit mah!

Posted by Sslee > 2022-06-06 11:11 | Report Abuse

If freefloat is so low then any big shark can easily goreng up the share price (3 to 5)X to benefit them more.

Crack spread is now at record high, so when goreng start easily 50% up.

Posted by MoneyMakers > 2022-06-06 11:13 | Report Abuse

Aiyoyo if crack spread drop to average, then share price need drop to average fair value m4.5 also

Simple logic cannot understand aiyoyo

Posted by Sslee > 2022-06-06 11:19 | Report Abuse

Know what is the average crack spread for year 2021 when Petron reported NPAT of RM 238,471,000 or EPS of 88.3 sen.

Know what is the current crack spread and crack spread for future month July, Aug and Sept?

Posted by Sslee > 2022-06-06 11:23 | Report Abuse

In term of profitability vis-a vis crack spread :
Petron's NPAT :
Q12022 - RM106.4 mil ,
2021 - RM238.5 mil ,
2020 - (13.3 mil)
Avg crack spread :
Q12022 - about USd14 ,
2021 -about USD8.3 ,
2020 -aboutUSD1.70

Posted by stockraider > 2022-06-06 11:27 | Report Abuse

I remember when i was a despatched boy....more than 35 yrs ago....that time 11 yrs ago....that time 1 lit of petrol only cost 62 sen mah!

I only spend about Rm 20 to 30 per mth on my motorbike going here going & there & make Rm 80 to 90 on my fuel allowance loh!

There is no craps on fuel subsidy loh!

Esso & Shell refinery makes eps of 30 sen to 60 sen pa & the share price is Rm 3.50 to Rm 6.00 mah!

Posted by Sslee > 2022-06-06 11:28 | Report Abuse

Posted by stockraider > Jun 6, 2022 10:49 AM | Report Abuse 

Rubbish lah!

U think Petroleum price at Rm 4.50 to Rm 5.00 per litre from current Rm 2.05 per litre people can afford to pump more meh ??

Consumption will drop 35% to 50% loh!

Question:
Stockraider can you not drive your car to work?

Posted by Sslee > 2022-06-06 11:30 | Report Abuse

So what is April, May and June crack spread? And what will be the Petronm Q2 NPAT?

Posted by MoneyMakers > 2022-06-06 11:31 | Report Abuse

Walao current EPS almost similar Q1/2021 but want goreng price 3/5x

Perfect definition of overvalue..go chase lo

P/s: July/Aug/Sept crack spread ‘futures’ dont reflect actual crack spread coming July/Aug/Sept aiyoyo

Posted by Sslee > 2022-06-06 11:37 | Report Abuse

Q1 with crack spread of about USD 14 and if not for derivatives loss the NPAT for Q1 should be more than double

Posted by stockraider > 2022-06-06 11:41 | Report Abuse

Yes can afford to drive to work but would not simply go here go there mah!
Posted by Sslee > 10 minutes ago | Report Abuse

Posted by stockraider > Jun 6, 2022 10:49 AM | Report Abuse

Rubbish lah!

U think Petroleum price at Rm 4.50 to Rm 5.00 per litre from current Rm 2.05 per litre people can afford to pump more meh ??

Consumption will drop 35% to 50% loh!

Question:
Stockraider can you not drive your car to work?

Posted by Sslee > 2022-06-06 11:45 | Report Abuse

Can you not drive your car with family members to balik kampung during festival holiday or with your children jalan here and there during school holiday.

Posted by stockraider > 2022-06-06 11:47 | Report Abuse

Can but most people will cut the frequencies loh...!

Bcos many pressing financial challenges....need to cut cost with high petrol price mah!

Posted by stockraider > 2022-06-06 11:49 | Report Abuse

If future drop to USD 10 crack spread.....the big derivative profit will kick in mah!

Posted by Sslee > 2022-06-06 11:50 | Report Abuse

When you see Road and Airport are very busy, you should buy Petronm the fuel supplier.

Petronm will earn from regulated/controlled retail margin from fuel sold at Petron stations , commercial sales of jet fuel to airlines and refinery margin from Petron PD refinery.

Posted by stockraider > 2022-06-06 11:53 | Report Abuse

Jet fuel contribute very small to petron....it is still bread & butter petrol & diesel mah!

Posted by stockraider > 2022-06-06 11:56 | Report Abuse

Ding Dong profit mah!

If u hedge....u want to flatten the ding dong profit mah!

To dong....dong .....dong profit trend mah!

Posted by MoneyMakers > 47 seconds ago | Report Abuse

Aiyoyo company willing swallow derivative/hedging loss - means they worried crack spread drop lo

If mgmt confident crack spread consistently stay high, no need buy loss-making derivative/hedging contracts aiyoyo

Posted by Sslee > 2022-06-06 11:58 | Report Abuse

I can only hope the FearMaker will become MoneyMakers by taking action rather than be another NATO member.

Posted by stockraider > 2022-06-06 12:01 | Report Abuse

Yes if Petron hedge we can trust loh!

But not hengyuan mah....they use hedge to sapu more money loh!

Posted by klee > 2022-06-06 12:08 | Report Abuse

MM.Here we are trading,trading means short term if you are not aware.Want tell grand mother stories about long term this n that go elsewhere.So how good is your astro long term? Tv boxes are beating astro like nobody.That shows how good you are in buying astro.

Posted by stockraider > 2022-06-06 12:16 | Report Abuse

Remember the story of Raider as a despatched boy 35 yrs ago ah ?
If refinery cost Rm 1b to Rm 1.8b about 35 yrs ago?
What would cost a similar refinery now ??

Samething loh....if a double story house cost Rm 100k in bangsar 35 yrs ago....today it is worth at least Rm 1.2m loh!

So a refinery will cost Rm 3b to Rm 5b now loh!

So investing in Petron refinery is quite safe at current price mah!

Posted by stockraider > 42 minutes ago | Report Abuse

I remember when i was a despatched boy....more than 35 yrs ago....that time 11 yrs ago....that time 1 lit of petrol only cost 62 sen mah!

I only spend about Rm 20 to 30 per mth on my motorbike going here going & there & make Rm 80 to 90 on my fuel allowance loh!

There is no craps on fuel subsidy loh!

Esso & Shell refinery makes eps of 30 sen to 60 sen pa & the share price is Rm 3.50 to Rm 6.00 mah!

Posted by MoneyMakers > 2022-06-06 12:24 | Report Abuse

Klee Gdluck lo trading..just dont get slaughtered when syndicate run @ price drop 20% overnight

P/s: Go astro forum if want talk astro

Posted by klee > 2022-06-06 12:29 | Report Abuse

MM.What is a 50% drop in one week If me has seen a 300% rise in one day?You macam katak di bawah tempurung lah hahaha.

Posted by MoneyMakers > 2022-06-06 12:31 | Report Abuse

Aiyaa klee dont believe & dont care at all how many % u earn

Posted by klee > 2022-06-06 12:32 | Report Abuse

Ya likewise we care your 50% drop...wakaka

Posted by klee > 2022-06-06 12:35 | Report Abuse

No need keep parroting Crack spread cant last .Who dunno the future is EV.Yet Gates shorted tesla n it dropped to usd 700 .Long term my ass.Everything is timing.

Posted by MoneyMakers > 2022-06-06 12:36 | Report Abuse

Whatever lo klee..not interested 2 entertain ur petty childish comebacks

Either share info/opinion or shut up

Posted by klee > 2022-06-06 12:38 | Report Abuse

losing your cool now ya MM?hahaha....u katak di bawah tempurung

Posted by klee > 2022-06-06 12:39 | Report Abuse

open your eyes n expand ur horizon lo katak

Posted by MoneyMakers > 2022-06-06 12:42 |

Post removed.Why?

Posted by klee > 2022-06-06 12:45 | Report Abuse

Oops.Katak crossplayed as a parrot.

Posted by klee > 2022-06-06 12:51 | Report Abuse

https://www.youtube.com/watch?v=EJoFlHroelA

:) :) :)

Posted by subwayzzz > 2022-06-06 12:59 | Report Abuse

Abolish subsidy. Make everyone pay the same price. Abolish welfare state. Make everyone go to work. The bigger engine displacement car owners, the more they have to pay. Make inflation go up then economy can run properly. Bring back gst too. Make everyone pay their fair share.

Posted by Jerichomy > 2022-06-06 13:30 |

Post removed.Why?

Posted by Jerichomy > 2022-06-06 13:30 |

Post removed.Why?

Posted by Jerichomy > 2022-06-06 13:34 | Report Abuse

Apa khabar petron holders

Posted by Jerichomy > 2022-06-06 13:38 | Report Abuse

Dah gigil

Posted by stockraider > 2022-06-06 14:32 | Report Abuse

But if govt still can pay for the subsidy why worry leh ??

If govt remove the subsidy & ask u to pay instead... & then sapu the money save from the subsidy removal.....then we would all be much worse off loh!

Lu tau boh ?

Posted by bsinvestor > 2022-06-06 14:35 | Report Abuse

gov don't dare to remove subside, at least not before GE

Posted by MoneyMakers > 2022-06-06 15:52 | Report Abuse

Current crack spread unsustainable @ wont last beyond Q2

So huge collapse coming..will be fast&furious b’coz low floating shares

Syndicate run few big sell orders - easily 20% drop daily / 50% drop 1week

Posted by meistsk3134 > 2022-06-06 16:26 | Report Abuse

tmrw petronm increase again
no buy on friday..

Posted by klee > 2022-06-06 17:47 | Report Abuse

for record purposes....lol

MoneyMakers

Current crack spread unsustainable @ wont last beyond Q2

So huge collapse coming..will be fast&furious b’coz low floating shares

Syndicate run few big sell orders - easily 20% drop daily / 50% drop 1week

Posted by Sslee > 2022-06-06 17:56 | Report Abuse

'You can lead a horse to water but you can't make him drink'

RON 92 and ultra low sulfur diesel crack spread: past month record, current and future month are all public information.

Posted by klee > 2022-06-06 18:25 | Report Abuse

global covid cases yesterday around 250k only,deaths per day at all time low,more n more ppl are coming out,more n more fuel is needed.....work harder MM

Posted by Johnzhang > 2022-06-06 20:02 | Report Abuse

@MM,
I do wish some are foolish enough to believe you and dump their shares . I am waiting for bargain buy .
—————————
Current crack spread unsustainable @ wont last beyond Q2

So huge collapse coming..will be fast&furious b’coz low floating shares

Syndicate run few big sell orders - easily 20% drop daily / 50% drop 1week

Posted by MoneyMakers > 2022-06-06 20:45 | Report Abuse

EPS barely higher than Q1’2021 alrdy goreng soo high

Gdluck lo chase high..syndicate gladly sell to u

Later dont cry motherfather when get slaughtered

Posted by MoneyMakers > 2022-06-06 20:45 | Report Abuse

When crack spread widens, oil price will rise & narrow crack spread back to normal range

This is basic crack spread fundamental & historically proven..high crack spread definitely unsustainable