I noticed that MAS seems to be a big customer for Petron (since its name and logo was featured in the annual report). with MAS coming back with more flights this year, the commercial segment should do better as well
@Jay, in the annual report on commercial sector it did mentioned about the KLIA & KLIA2 which means that Petronm not only supply jet fuel to MAS only but they have started to supply to A.Asia as well.
True. Looking at its growth potential and cash flow..independent on what the coming qtr results going to be..its worth to accumulate the mother as much as possible even at current price.
I think so too but I don't know how big the MAS and AirAsia accounts are. I'm just guessing MAS is bigger because of the photo included :)
AirAsia has been growing strong last year because MAS scaled back its routes. so if MAS now back to compete with more flights, it can only be positive for Petron. more competition means more flights and more fuel consumed. the airlines' load factor may suffer but that's none of Petron's concern
As far as Jet Fuel concern Petronm is still rather small in term of volumn supply to airline companies, however I m sure that Petronm management will be pushing hard for the growth
As long as China government continues to deny permission for their local teapot refinery to export gasoline & diesel to oversea market. Asia refinery margin should be able to stay at reasonably healthy zone.
Oil price fluctuations is part of Petronm business, that is the calculated risk you need to if you are in O&G downstream business. As long as refinery margin stay in reasonable healthy zone then no big issue.
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paperplane2016
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Posted by paperplane2016 > 2017-05-02 13:03 | Report Abuse
Thanks to Jay