Posted by supersinginvestor > 2022-06-22 12:46 | Report Abuse

Dont try bet against the fed and tape...

Posted by supersinginvestor > 2022-06-22 15:25 | Report Abuse

The fed will burn u kaw kaw...

Posted by RWG > 2022-06-22 20:36 | Report Abuse

petronm next year will give 40sen dividen

Posted by RWG > 2022-06-22 21:29 | Report Abuse

biden press oil price 9696

Posted by DevKrishna > 2022-06-23 09:20 | Report Abuse

What does this mean?

Posted by mikeazk > 2022-06-23 16:18 | Report Abuse

Malaysia not sanction against Russia so Petron can buy Russia crude oil at discount since the West boycott russia. Be prepared for bigger profit !

Posted by Jerichomy > 2022-06-23 19:14 |

Post removed.Why?

Posted by Jerichomy > 2022-06-23 19:14 |

Post removed.Why?

Posted by Jerichomy > 2022-06-23 19:40 |

Post removed.Why?

Posted by Johnzhang > 2022-06-23 19:53 | Report Abuse

https://newswav.com/A2206_5QFWSb?s=A_shy92o9

Posted by RWG > 2022-06-23 20:16 | Report Abuse

hope petron can give us RM1.00 dividen every year

Posted by investor2021trading > 2022-06-23 21:38 | Report Abuse

KUCHING, June 23 — Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed today said the federal government may have to come up with RM30 billion this year for fuel subsidies alone, over 170 per cent higher than the RM11 billion for 2021.

Guess how much Petronm will get from d RM30billion subsidy every quarter?

Posted by NorAfan > 2022-06-23 21:58 | Report Abuse

Masih janka Q2 results akan lebih baik daripada Q1. Tunggu saja the Q2 result keluar

Posted by Sslee > 2022-06-25 08:35 | Report Abuse

Just to help you to see what will be Q2 2022 NPAT.

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 USD7.78 ,
2020 -aboutUSD1.44

The month end crack spread figures are as below (in the order Jan to Dec) :
FY2020: 5.99, 4.91, (5.22), (3.35), (0.91), 2.36, (1.00) , 1.77, 4.54, 2.82, 1.51, 3.92 (Avg 1.44)
FY2021: 3.51, 6.39, 7.05, 7.34, 5.82, 7.08, 9.71, 7.56, 7.61, 12.83, 7.28, 11.21 (Avg 7.78)
FY2022: 12.42, 13.33, 14.85, 21.01, 26.69. (YTD may avg 17.67)

Posted by Johnzhang > 2022-06-25 09:27 | Report Abuse

In 2017 when Petron made $1.50/share , avg crack spread for that year was 10.34 only .

Posted by Sslee > 2022-06-25 09:47 | Report Abuse

By the way Petronm Q1 2022 also make a loss on derivatives of RM 230 million. This must be from their commodities swap (forward sale contract) of their products which suddenly surge up due to sudden surge of crude oil price.

Posted by CharlesT > 2022-06-25 09:49 | Report Abuse

As long as no inventory loss like Hengyuan.

Hedging loss is normal

Posted by Sslee > 2022-06-25 09:54 | Report Abuse

With crack spread of USD 25+ Petronm should make RM 1.50 per share per quarter.

Posted by CharlesT > 2022-06-25 10:02 | Report Abuse

I think EPS Rm1.50 or RM2.00 per share in coming Q is unlikely to bring share prices to break new high, especially after Glove Saga.

Most oredi learned the painful lesson n realised that super high ASP/Crack Spread etc are not sustainable.

So Sifu's fav pricing method of EPS (at super high profit) X 4 Q X PE 10 or 20= RM????? will not happen again here.

Posted by CharlesT > 2022-06-25 10:06 | Report Abuse

While many of u guys busy calculating yr swee swee projected Q profits EPS or PE, none of u have ever address on the sustainabilty of high ASP/ Crack Spread etc etc

Posted by CharlesT > 2022-06-25 10:11 | Report Abuse

The latest is CPO. Price suddenly plunged by RM2000pmt+ or 30%+ fm RM6000pmt+ two weeks ago

How to explain so? it takes 5 to 6 years for palm trees to grow n produce FFB.....

Posted by CharlesT > 2022-06-25 10:26 | Report Abuse

Having said so, buying at current prices (after abt 30% plunge fm its peak of RM7.00+ few weeks ago) certainly stands a higher chance of winning should there is a rebound after the bombastic Q2 result in Aug then.

If that doesnt happen, then all will go to Holland together.

Dont worry, in stock mkt if u dont make money u lose money only. Not the end of the world.

Posted by Sslee > 2022-06-25 10:28 | Report Abuse

You can build glove factory in 6 months that produce billions pcs of groves per year but it take 5 years and more to put up a refinery.

The current shortage of refinery capacity is due to under investment, close down of old unprofotable refineries, sanction on Russia oil and fuel products and China fuel export quota.

The recent spike in crack spread is cause by surge of demand post covid. The crack spread will start to come down only if demand start to come down.

As of palm oil the price is still very good about RM 5000. The sudden drop is caused by Indonesia policy flip flop that cause stock bulid up that need clearance sales to clear the stock ASAP. The world shortage of edible oil is still presist and when Indonesia stock reduce the palm oil price will move up again unless recession is coming and causing demand destruction.

Posted by CharlesT > 2022-06-25 10:30 | Report Abuse

Dont worry CPO is still very good even at RM3K+ or RM4K+

Posted by CharlesT > 2022-06-25 10:30 | Report Abuse

Crack spread is still very good even at Rm10+

Posted by CharlesT > 2022-06-25 10:31 | Report Abuse

No doubt on that

Posted by Sslee > 2022-06-25 10:54 | Report Abuse

CPO price fall suddenly due to suden stock imbalance due to Indonesia flip flop policy and has nothing to do with supply and demand imbalance.

Gloves raise and fall sharply is due to supply and demand imbalance.
When demand sudden surge due to covid and supply cannot cope up then price increase many folds

But when every Tom and Jerry also put up gloves factories produce billion and billions of gloves then the sudden huge supply increase far excess the demand grow causing the inevitable price collapse

Posted by probability > 2022-06-25 10:59 | Report Abuse

charlest sifu not comparing apple to apple liao...sslee briefing is spot on

crack spread had been going up till to date

what basis is now at RM 4 plus cheap and not cheap at RM 7?

while share price was dropping crack spread rose by another 10 USD/brl already

market got disconnected with crack spread coz spooked by derivatives loss

basically it does not believe there is a connection till its proven

(Malaysian investors are mainly 'chicken' investors now looks like where cheap is measured by their price compared to recent high...LOL!)

Posted by CharlesT > 2022-06-25 11:22 | Report Abuse

Or u wanna prove u r not chicken but a hero to buy high at RM7+?

Posted by CharlesT > 2022-06-25 11:24 | Report Abuse

In stock mkt, making money is everything....being chicken or hero aint matter

Posted by probability > 2022-06-25 11:25 | Report Abuse

simple logic la bongok...if crack spread now at 1 USD/brl you give HY at RM also i wont buy...


when u say cheap or expensive must got basis la...plug from sky argument me?

anyway...may as you are always interested to talk about the people than the share, you sold HY last week is it? LOL!

Posted by CharlesT > 2022-06-25 11:27 | Report Abuse

I hv seen many calculation n projection of u in the past...HY 1.0, Lionind aka Steel 1.0, Glove n now this...

N i hv seen yr twist in Serbak so i know yr true face....lol

Posted by probability > 2022-06-25 11:29 | Report Abuse

walao..got true face ka? Si long in i3 with me still cant figure out me ah...aiyoyo...wonder what u actually trust..surely not your kids too

you make money or dont i dont give a damn...in fact i am happy if you are richer so that at least can effect the market...

for sure, if i start arguing with you..i will win but no interest actually..seriously its not motivating at this price...

Posted by probability > 2022-06-25 11:30 | Report Abuse

no effects at all...more interested on logical arguments here


Posted by CharlesT > Jun 25, 2022 11:28 AM | Report Abuse

Btw, my average cost of HY CW n Petronm CW r very much lower than most of u here lah

Dont worry if die all go Holland together....

Posted by CharlesT > 2022-06-25 11:30 | Report Abuse

When i meant cheap i meant the current price now vs the prices few weeks ago...

Maybe my England is too bad or yr IQ is too high...lol

Posted by CharlesT > 2022-06-25 11:33 | Report Abuse

Our arguement will hv nothing to do with share prices here lah...just likr yr endless calculation n profit projections last few weeks..

Ops mayb i m wrong...there could hv some effects...prices drop 30%+ since then.

Yr calculations mayb very powerful to move the price...lol

Posted by probability > 2022-06-25 11:33 | Report Abuse

yup, even at RM 2 is even cheaper...

anyway, stock to the original point here

refinery is not comparable to gloves or palm oil and may visible factors are there

like i said earlier there is only factor for refinery which would adversely effect it - if EU & US decides retract russian oil embargo


till then you can relax on refinery stocks

Posted by CharlesT > 2022-06-25 11:35 | Report Abuse

Relax lah dont get so emotional..

Either make or lose money only

Posted by CharlesT > 2022-06-25 11:36 | Report Abuse

Bongok or smart doesnt matter...

Posted by CharlesT > 2022-06-25 11:37 | Report Abuse

Making money or not is....

Posted by probability > 2022-06-25 11:37 | Report Abuse

ok -your objective here is really more on attacking commentators but not to seeking the truth

never tried to get into argument with u..so didnt realize the truth in what others had said about u

i wont get involved on such arguments

Posted by Mikecyc > 2022-06-25 11:37 |

Post removed.Why?

Posted by probability > 2022-06-25 11:38 | Report Abuse

will have fun some other time

Posted by Mikecyc > 2022-06-25 11:39 |

Post removed.Why?

Posted by CharlesT > 2022-06-25 11:42 | Report Abuse

Looks like many r heavily in Crack Spread 2.0 n gets very emotional...

Relax n try to sleep well

Hope price will rebound after Q2 bombastic results n all can make money

Posted by CharlesT > 2022-06-25 11:44 | Report Abuse

Hope EPS Q2 will be RM1.00 to RM1.50, then Inv Banks gives TP RM15 or RM20

Very logical TP then

Posted by probability > 2022-06-25 11:47 | Report Abuse

does inv banlk ever give TP to HY before? so far i have not seen

sad thing about bursa is it looks as if liquidity has dried up...

no keen big investors other than Koon around to push up prices

retailers strength too low

Posted by probability > 2022-06-25 11:49 | Report Abuse

unlike during gloves time in 2020

Posted by CharlesT > 2022-06-25 11:50 | Report Abuse

Relax lah hold yr calculation sheet tight tight...can help u to sleep better

Posted by probability > 2022-06-25 11:52 | Report Abuse

passed the stage already.... can only hope EU dont change their mind