Go through the annual report, there are some positive developments. FY 2017 could be a record year for Petron if the oil prices,refinery margin & exchange rate can sustain at reasonable level.
My thinking simple je. petronM now got how many stations? Shell? Petronas? Of course got room to grow more outlets etc. So sure gain more revenue and profits year by year......If things are back into normal. Last few years high capes due to maintenance of refinery. Think won't be the case anymore near future? So profit up and up only.
Another important segment of our business is the Commercial sector wherein we partner with key industries to fuel one of the most thriving economies in Southeast Asia. Transportation, manufacturing, construction, mining, agriculture, fisheries, and power-generation are some of the industries that rely on Petron’s premium fuels and after-market services. With increasing confidence as a trusted partner, our Commercial sales volumes grew with the ACQUISITION of NEW MAJOR ACCOUNTS and a wider reach of our brand across key markets.
For Commercial, the business environment continues to be challenging due to competitive pressure, regulatory changes, and technology advancement. These challenges, rather than dampening our plans, inspire us to go the extra mile and showcase our superior product quality and reliable and consistent service to Commercial customers.
Petron Aviation, on the other hand, continues to serve multi-national and regional carriers through our Kuala Lumpur International Airport (KLIA) Aviation Terminal. We remain a major partner of the country’s premier carriers and secured new accounts as major international and regional airlines expanded their routes. As aviation continues to be a major market for PMRMB, we commissioned a new hydrant dispenser to improve the refuelling facilities at both KLIA and KLIA2, which enabled us to fulfill higher customer demands and maximise terminal operations.
when you acquire a new account the effects on revenue change is steep..its getting a major chunk of new business. If its only Airasia and MAS earlier...a new account will increase the Aviation Fuel consumption by almost one third...
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
George888
425 posts
Posted by George888 > 2017-04-26 21:28 | Report Abuse
Hahaha, u guys really know how to have fun while trading / investing Petron.