Posted by Sslee > 2022-07-27 09:15 | Report Abuse

PETDAG.
Tell me why Petdag trading at PE of 47 whereas Petronm trading at PE of 5?

Petdag: Market Cap: 22,353 Million
NOSH: 993 Million
Avg Volume (4 weeks): 153,947
4 Weeks Range: 20.64 - 23.50
4 Weeks Price Volatility (%):
95.74%
52 Weeks Range: 18.28 - 23.50
52 Weeks Price Volatility (%):
95.74%
Average Price Target: 20.41

Posted by i3lurker > 2022-07-27 10:20 | Report Abuse

How many roads must a man walk down
Before you call him a man?
How many seas must a white dove sail
Before she sleeps in the sand?
Yes, and how many times must the cannonballs fly
Before they're forever banned?
The answer, my friend, is blowin' in the wind
The answer is blowin' in the wind

Posted by Jerichomy > 2022-07-27 11:07 |

Post removed.Why?

Posted by Sslee > 2022-07-27 11:27 | Report Abuse

At least i3lurker know how to short a stock to make a killing but I just wonder why some of those naysayers keep telling lies and do not go and short the stock to make a killing?

Posted by Jerichomy > 2022-07-27 11:48 | Report Abuse

Sslee are you blind…where got put warrant for Us to short !!!

Posted by mf > 2022-07-27 11:49 | Report Abuse

Astro AWANI
5 m ·
[LANSUNG] Ikuti sekarang Pembentangan RUU Perlembagaan dan Peruntukan Larangan Ahli Parlimen Bertukar Parti

Posted by Jerichomy > 2022-07-27 11:50 | Report Abuse

Mf is the best…tell facts

Posted by najiy > 2022-07-27 11:54 | Report Abuse

buy dip

Posted by Jerichomy > 2022-07-27 11:56 | Report Abuse

You buy…i tak mau ler…the crack spread is downtrend

Posted by 888STOCK888 > 2022-07-27 14:28 | Report Abuse

yeh.... better don't buy....

2017/2018---crack spread was about $12 the share price went up to 15.00....
Now crack spread has been moving between $20 to $30 in the last few months, only recently dropped to $11.... share price is about 4.70....

don't buy....because syndicate already sapu gao gao..... they will encourage you to buy when Petronm hit 18.88....

Posted by searchingmoney > 2022-07-27 16:33 | Report Abuse

Jeri Shark now active in Petronm ...

Posted by Sslee > 2022-07-27 17:21 | Report Abuse

Ron 97 down 10 sen to RM 4.55 per litre. The price effective from midnight till Aug3 2022.

Posted by Sslee > 2022-07-27 17:29 | Report Abuse

What will be petronm q2 (Apr, May and June) result?
Is month July bad for petronm when weeekly Ron 97 price is RM 4.84, 4.80, 4.75, 4.65, 4.55?

Malaysia Historical Weekly Petrol Prices
Weekly Petrol Price Update Price of RON95/litre Price of RON97/litre Price of Diesel/litre
28 July – 03 August 2022 RM2.05
(RM0.00) RM4.55
(RM-0.10) RM2.15
(RM0.00)
21 July – 27 July 2022 RM2.05
(RM0.00) RM4.65
(RM-0.10) RM2.15
(RM0.00)
14 July – 20 July 2022 RM2.05
(RM0.00) RM4.75
(RM-0.05) RM2.15
(RM0.00)
07 July – 13 July 2022 RM2.05
(RM0.00) RM4.80
(RM-0.04) RM2.15
(RM0.00)
30 June – 06 July 2022 RM2.05
(RM0.00) RM4.84
(RM0.00) RM2.15
(RM0.00)
23 June – 29 June 2022 RM2.05
(RM0.00) RM4.84
(RM+0.01) RM2.15
(RM0.00)
16 June – 22 June 2022 RM2.05
(RM0.00) RM4.83
(RM+0.11) RM2.15
(RM0.00)
09 June – 15 June 2022 RM2.05
(RM0.00) RM4.72
(RM+0.02) RM2.15
(RM0.00)
02 June – 08 June 2022 RM2.05
(RM0.00) RM4.70
(RM0.00) RM2.15
(RM0.00)
26 May – 01 June 2022 RM2.05
(RM0.00) RM4.70
(RM+0.37) RM2.15
(RM0.00)
19 May – 25 May 2022 RM2.05
(RM0.00) RM4.33
(RM+0.02) RM2.15
(RM0.00)
12 May – 18 May 2022 RM2.05
(RM0.00) RM4.31
(RM+0.37) RM2.15
(RM0.00)
05 May – 11 May 2022 RM2.05
(RM0.00) RM3.94
(RM0.00) RM2.15
(RM0.00)
28 April – 04 May 2022 RM2.05
(RM0.00) RM3.94
(RM+0.13) RM2.15
(RM0.00)
21 April – 27 April 2022 RM2.05
(RM0.00) RM3.81
(RM0.00) RM2.15
(RM0.00)
14 April – 20 April 2022 RM2.05
(RM0.00) RM3.81
(RM0.00) RM2.15
(RM0.00)
07 April – 13 April 2022 RM2.05
(RM0.00) RM3.81
(RM-0.10) RM2.15
(RM0.00)
31 March – 06 April 2022 RM2.05
(RM0.00) RM3.91
(RM+0.08) RM2.15
(RM0.00

Posted by Jerichomy > 2022-07-27 17:33 | Report Abuse

I am buying Myeg

Posted by Sslee > 2022-07-27 17:56 | Report Abuse

Any reason invest in Myeg when Myeg EPS per quarter is abt 1 sen.

Posted by Jerichomy > 2022-07-27 22:24 | Report Abuse

Myeg is umno counter and all time low. Buy low sell high ma if you have patience

Posted by PSAi3alert > 2022-07-27 22:27 | Report Abuse

SSLee,

It takes only 200k+ shares to be in the list of top 30 shareholders of PetronM.

Had Leno sold 18,101,200 shares in Insas-WC at 0.50/sh, the amount will buy 1,881,621 shares of PetronM at 4.81/sh now. That's top 5 of PetronM shareholders.

.

Posted by Jerichomy > 2022-07-27 22:28 |

Post removed.Why?

Posted by AzlanIshtiqal > 2022-07-27 22:46 | Report Abuse

Masih tunggu ia keluar Q2 results dan baru buat keputusan

Posted by Sslee > 2022-07-28 07:44 | Report Abuse

PSAi3alert,
TQ for the information. In stock market you win some and you lose some.

Posted by 888STOCK888 > 2022-07-28 14:58 | Report Abuse

8.88 coming!!!! =D

Heng~

Ong~

Huat ah~


=D

Posted by AzlanIshtiqal > 2022-07-28 19:51 | Report Abuse

Inventori minyak di US telah dikurangkan kepada 896.63M, maknanya permintaan minyak kian hari kian meningkat

Posted by Sslee > 2022-07-29 15:56 | Report Abuse

https://www.petron.com.my/investor-relations/corporate-governance/

You can read 6 summary appendix-A AGM Q&A

Posted by probability > 2022-07-31 13:10 | Report Abuse

See the changes in GASOIL (DIESEL) crack spread after Mar 22'

Q2 will be explosive due to Diesel

https://www.tradingview.com/symbols/NYMEX-GZ1!/


Only complex refinery like HENGYUAN can selectively produce GASOIL (i.e DIESEL) at 44% of its output

See below pie chart:

https://klse.i3investor.com/web/blog/detail/davidtslim/136032

Posted by Cakes Moon > 2022-07-31 13:14 | Report Abuse

No play play!
Crack spread now left $7!!!

Posted by probability > 2022-07-31 13:15 | Report Abuse

You need to copy paste the complete address below on your browser to see:

DIESEL crack spread:

https://www.tradingview.com/symbols/NYMEX-GZ1!/

you average up with Gasoline, you still get USD/25/brl!

Posted by probability > 2022-07-31 14:15 | Report Abuse

no wonder Binh Son delivered USD 420 million in a single quarter (without hedging)

crack spread for Diesel in June was 55USD/brl

Posted by probability > 2022-07-31 15:09 | Report Abuse

Diesel Crisis Likely to Stay Unfixed by Oil Refining Revival

15 June 22'

https://www.bloomberg.com/news/articles/2022-06-15/diesel-crisis-likely-to-stay-unfixed-by-oil-refining-revival

“There is little hope that the undersupply will ease in the near future given strong demand growth and constrained refinery output,” the IEA said. The agency’s forecast for future refining processing is “not sufficient to fully meet middle distillates demand in 2022 or in 2023.”

Posted by abc333 > 2022-07-31 15:53 | Report Abuse

Q3 make millions profit through hedging.

Posted by Sslee > 2022-07-31 17:45 | Report Abuse

below my further clarification question send to Petronm Management of crude feed mixed and products yield.

2. Answer given: Our refinery crude run was relatively lower in 2021 at about 36 thousand barrels per day due to low demand arising from the pandemic. However, it started to improve to 47 thousands barrel per day during Q1 2022 when domestic demand also recovered. Crude runs planned based on the prevailing economics and local demands that vary monthly.
The typical yield of Tapis crude, which is the main component of the crude diet for the Port Dickson Refinery is about 60% diesel and jet fuel, 20 % gasoline and the balance comprising LPG and by-product such as Low Sulfur Waxy residue.
Comment: My related questions on above:
A. PD Refinery
I) FY2021 and Q1 end 31 March 2022
Question 1: PD Refinery processing how many barrels of crude oil? What is the crude blend (in % Tapis crude, Terengganu condensate, Kidurong, Kimanis, Kikeh and other regional crudes)? And what is the total cost of the crude oil in RM?

Question 2: PD Refinery produces how many barrels total refining products? What are the products (in % liquefied petroleum gas (LPG), propylene, naphtha, gasoline, diesel, aviation fuel and fuel oil components)? And what is the total value of the products in RM?

Question 3: With current crude slate and DHT, what is the optimum refinery’s capacity and per barrel feed what will be the % of Low Sulfur Waxy Residue produce?

Question 4: Is PD refinery able to produce VLSFO (Very low sulfur fuel oil/bunker oil) 0.5% sulfur max?
Note: on June 2, 2022, the price of VLSFO stood at USD 1038.5 per metric ton very high premiums against HSFO.

I refer HRC 2021 annual report Page22 :
CRUDE PROCESSING FY2021
Finished Products
Liquified Petroleum Gas 7.8%
Propylene 3.8%
Light Naphtha 0.1%
Petrol 24.5%
Jet Fuel 7.1%
Diesel 35.1%
Fuel Oil Component 2.7%
Additional
Catalytic Cracked Gasoline (CCG) 16.3%
Combined Cycle Oil (CCO) 2.6%

SOURCES OF CRUDE
Malaysian: 52%
Far East: 7.2%
Russian :14.7%
Middle East: 9.6%
Others 16.5%

Clarification: If HRC able to give this detail crude feed mixed and products yield in Annual report, I am sure Petronm should has no reason to only give typical Tapis feed and Tapis yield when ask by shareholders in an AGM for detail crude feed mixed/source and the actual products yield for 2021 and Q1 end 31 March 2022?

Posted by probability > 2022-07-31 17:53 | Report Abuse

For HY, they have the option of producing the CCG (Gasoline) by converting Gasoil by Catalytic cracking . Since the Gasoil margins are way higher than gasoline, they will refrain from converting the gasoil to gasoline and obtain yield exceeding 44 % for Diesel.

PetronM being a simple refiner do not have these options, and for certain their Fuel Oil will not have very low sulfur as the distillation process will enrich non-hydrocarbon components at the bottom.

Posted by hng33 > 2022-08-01 08:21 | Report Abuse

Beware, upcoming Q2 result will be very excellent as crack spread hit average USD25, BUT, the following Q result will be tumble as crack spread just hit limit down -33% again to USD 7.9 for month aug 2022

https://www.tradingview.com/symbols/NYMEX-D1N1%21/

Posted by nicholas99 > 2022-08-01 08:44 | Report Abuse

good la.. crack spread high price go down... crack spread low price should go up. right? sharkie.

Posted by mf > 2022-08-01 08:53 | Report Abuse

China’s factory activity contracts unexpectedly in July as Covid flares

Posted by Sslee > 2022-08-01 09:03 | Report Abuse

To those interest to know the profitability of Petronm's retail business (volume business) pre-covid time and now post covid time:

https://klse.i3investor.com/web/blog/detail/PilosopoCapital/2020-02-10-story-h1483734883-_CHOIVO_https://klse.i3investor.com/web/blog/detail/PilosopoCapital/2020-02-10-story-h1483734883-_CHOIVO_CAPITAL_Petron_Malaysia_Refining_Marketing_Berhad_PETRONM_3042_

Posted by Sslee > 2022-08-01 09:22 | Report Abuse

My another post AGM Q&A clarification email to Petronm's management

3. Answer given: We would like to emphasize that the company is an integrated company. Both the refinery and marketing are contributing to the gross margin, and we are not officially reporting the split between the two. Our main business is the retail business but, in term the supply chain, we are sourcing either from the refinery production or import of the finished products. So, all parts of the supply chain are contributing to the margin. But we are not able to disclose the split between the two.
Comment: my related questions on the above:
B. Retail
I) FY2021 and Q1 end 31 March 2022
Question 1: How many retail service stations (out of 740 Petro service stations) are owned by Petron Malaysia Refining & Marketing Bhd (PMRMB)? And how many are owned by Petron Fuel International Sdn Bhd (PFISB)?

Question 2: What were the Volume, Revenue and net profit generated by retail services stations owned by Petron Malaysia Refining & Marketing Bhd (PMRMB)? And by Petron Fuel International Sdn Bhd (PFISB)

Question 3: What was the fuel volume supplied by PD refinery and by Petron Fuel International Sdn Bhd (PFISB) import to retail service stations owned by Petron Malaysia Refining & Marketing Bhd (PMRMB)? And by Petron Fuel International Sdn Bhd (PFISB)?

Question 4: Am I right to say RM 1,985,525,000 worth of petroleum products was sold by PMRMB to petrol stations owned by PFISB and at the same time RM 1,117,614,000 worth of petroleum products was purchased from PFISB to petrol stations owned by PMRMB? How this trade is settled and any plan in near future for PMRMB to acquire all the petrol stations and assets owned by PFISB and Petron oil (M) Sdn Bhd in Malaysia?
Comment: Even Petronas Dagangan nowadays report their business separately in two sectors as commercial sales and retail sales. Moreover I am working in a fully integrated palm oil corporation and our financial report divided into upstream (Plantation and Mill), Mid stream (Refinery) and Downstream (Oleo-chemical, Functional Fat and Retail consumer products).

Clarification: is Petronm complied with good corporate governance when shareholders are not given information out of 740 Petro service stations how many are owned by Petron Malaysia Refining & Marketing Bhd (PMRMB)? How many are owned by Petron Fuel International Sdn Bhd (PFISB)? The Volume, Revenue and net profit generated by retail services stations owned by Petron Malaysia Refining & Marketing Bhd (PMRMB)? And by Petron Fuel International Sdn Bhd (PFISB)?

Posted by 888STOCK888 > 2022-08-01 10:12 | Report Abuse

Let's make money for coming Q first la....next Q no one knows....

it is very close to hurricane season lo.... crack may reverse up again...

SIALANG

Heng

Ong

Huatt ah~~~

Posted by Sslee > 2022-08-01 18:45 | Report Abuse

KUALA LUMPUR (Aug 1): Petroliam Nasional Bhd (Petronas) has cut the July 2022 official selling price (OSP) of Malaysian crude oil to US$124.30 a barrel, from US$$132.50 for June 2022, Bloomberg reported, quoting an emailed statement by Petronas on Monday (Aug 1).

"OSPs of other Malaysian grades for July (are) Cendor at US$125.40/barrel, Tapis Blend at US$119.59/barrel, Dulang at US$127.32/barrel, Bintulu at US$122.28/barrel," Bloomberg reported

Posted by Sslee > 2022-08-01 18:50 | Report Abuse

Weeekly Ron 97 price for July is RM 4.84, 4.80, 4.75, 4.65, 4.55.

So with Tapis Blend for july at USD 119.59/barrel, is Petronm profitable for july 2022?

Posted by probability > 2022-08-01 19:27 | Report Abuse

Dear all, kindly copy paste the below link:

SINGAPORE GASOIL

https://www.tradingview.com/symbols/NYMEX-SGB1!/

The difference between above and Brent Crude would give the Crack Spread of Diesel HY will make.

This is inline with the below Crack Spread Chart for Diesel shared earlier:


Diesel (or Gasoil) crack spread: HY yield is 46%

https://www.tradingview.com/symbols/NYMEX-GZ1!/


Kerosene (or Jet Fuel) crack spread: HY yield is 7.1 %

https://www.tradingview.com/symbols/NYMEX-ASD1!/

Posted by probability > 2022-08-01 19:27 |

Post removed.Why?

Posted by probability > 2022-08-01 19:28 | Report Abuse

Refer Page 22 of the annual report. HY produces 46% Diesel

https://klse1.i3investor.com/servlets/staticfile/422363.jsp

Posted by probability > 2022-08-01 19:29 | Report Abuse

17 June 2022 news verifying the crack spread for Asian gasoil (DIESEL) hitting 67$/brl

No wonder Binh Son reported 420 million USD profit.

https://www.qcintel.com/article/distillate-summary-asia-gasoil-cracks-hit-fresh-records-jet-loses-steam-6664.html

Spot 10ppm gasoil traded in Singapore jumped to $185.68/b by the Friday's close, with the crack rising to $67/b, a fresh record

Posted by AzlanIshtiqal > 2022-08-01 19:54 | Report Abuse

Masih pegang dan terus memantau situasi pasaran O&G

Posted by Sslee > 2022-08-02 12:00 | Report Abuse

Ron97 at RM 4.55 per liter is equal to RM 4.55 X 159 = RM 723.45 per barrel.
USD to MYR: 4.46
R0N 97 is USD 723.45/ 4.46 = USD 162.21.

Tapis crude july price from Petronas USD 119.59 / barrel.

Posted by NatsukoMishima > 2022-08-02 14:44 | Report Abuse

Breaking news , EU has started easing sanctions on Russian oil & gas !

Posted by NatsukoMishima > 2022-08-02 14:55 | Report Abuse

@probability

13,754 posts

Posted by probability > 19 hours ago | Report Abuse

Just adding Diesel (46% yield) at crack spread 43 USD/brl & Kerosene (7.1 % yield) at crack spread 34 USD/brl, you get the following gross profit per quarter:

Basis: 10.5 million barrel sales per qtr

1) Gross profit from Diesel:

10.5m barrels / qtr x 46% x 43 $/brl

= 207 Million USD


2) Gross profit from Kerosene:

10.5m barrels / qtr x 7.1% x 34 $/brl

= 24 Million USD

TOTAL = 207 + 24
= 231 Million USD
= 1 Billion MYR (per f**king QTR!)

...and thats without bringing in Gasoline, LPG , etc...
__________
Wow, another calculation king just like previous glove forum , at the end all dissappeared and share price drop 80% !

Posted by stockwin > 2022-08-02 15:35 | Report Abuse

@NatsukoMishima
Which part of the calculation you think is BS ??

Posted by Sslee > 2022-08-02 16:21 | Report Abuse

I agreed HRC gross profit for Q2 end 30th June will be more than RM 1 billion. As of PAT need to wait for the actual result.

Posted by AzlanIshtiqal > 2022-08-02 22:31 | Report Abuse

Masih pegang dan menantikan keputusan Q2 yg cemerlang...