Petron Corp just press released Q3 Consolidated net income of P8.2 billion and operating income stood strong at P16.5 billion, 23% more than 2021’s P13.4 billion without the detail financial result.
Once the detail Q3 financial result release in next few days then can work backward from Net income attributable to Non-controlling interest to get the NP for Petron Malaysia.
Petron Corp has borrowing of more than USD 1 billion. A 10% depreciation against USD will result in more than 5.8 billion peso addition to the borrowing in Philipine Peso currency.
Nvm lah. HY with at least rm2 eps lah. Must believe facts n figures leh. You sound like dont believe HY can get rm2 eps kah. Haiyoh. Correct?
BobAxelrod
Even so, Q3 Consolidated net income of P8.2 billion and operating income stood strong at P16.5 billion, not exactly painting a rosy picture..........shit!
Normally subsi released QR first then parent company baru release QR leh. Now parent released first then dunno when subsi PetronM baru release later kah. Haiyoh. Correct?
Ular got one question leh. Why Petron Corp can released the result from PetronM padahal PetronM QR not out yet. They plucked from the sky kah. Haiyoh. Correct?
Currency profile of borrowings: - USD equvalent rm1,500,466 increased from rm798,297
Terms and conditions of the term loans and revolving credits are as disclosed in the audited financial statements for the financial year ended 31 December 2021. As at 30 June 2022, the Company had current borrowings of RM1,500 million. The Company is undergoing refinancing of its term loans and revolving credits. The Board is confident that the refinancing program will be completed prior to the required repayment of the borrowings in January 2023. The proceeds from the refinancing will enable the Company to meet its working capital requirements in addition to repayment of the borrowings.
HY want to refinance more than rm1.5 bil to repay the old loan and extra for working capital leh. Meaning loan amount will exceed rm1.5bil kah. Why keep increase borrow money one. Cannot generate cash kah. Earn at least another rm 2.00 eps as per many show facts n figures leh. By then increase by how much this time. Dunno lah. Haiyoh. Correct?
HENGYUAN Refining Co Bhd has been caught in a downtrend of late but there are signs of a rebound at the immediate support.The stock was seen advancing in intraday trade as it struggled to make headway near the RM4.50 level.
However, the slow-stochastic is edging higher in oversold conditions, and while still weak, there could be some positive retracement in the event of further momentum growth
Cannot like this leh. Must talk facts n figures only leh. Cannot anyhow plucked from the sky and mislead ppl to buy or sell the saham leh. Ular kena scolded by facts n figures promoter leh. Haiyoh. Correct?
You sure or not. Sifu OTB punya student cakap bullish with golden crossed leh. Bullish signal leh. Haiyoh. Correct?
MunChunxX
HENGYUAN Refining Co Bhd has been caught in a downtrend of late but there are signs of a rebound at the immediate support.The stock was seen advancing in intraday trade as it struggled to make headway near the RM4.50 level.
5 minutes ago
MunChunxX
However, the slow-stochastic is edging higher in oversold conditions, and while still weak, there could be some positive retracement in the event of further momentum growth
But the company very confident can refinance the loan before it expired by jan 2023 leh. Ada black n white tulis in last QR leh. Bank dont want to give loan kah. Can get higher interest rate leh. Haiyoh. Correct?
BobAxelrod
Frankly speaking, Banks have avoided Petroleum companies for some time. That's why HY went for Bonds market to borrow.
The Business operations of PetronM and HY are different. But it would be a huge surprise if PetronM's earnings are not in line with Refinery/Retail modules..........
Issue bond or bank loan also need to pay interest leh. Maybe issue bond in RM not so bad in case USD keep increasing leh. Haiyoh. Correct?
BobAxelrod
Refinance by way of other Banks or from Bonds??? But the company has arranged for more working capital and the current bank loans are nothing to worry about.
The HY price is highly dependent on Earnings and hopefully PetronM would not drag it down together.
You mean like USD1 = RM5.50 ke???? It's already at 4.73 Only way is to stabilise and go down.....not up anymore......or we are so screwed, not only HY.
Posted by UlarSawa > 56 minutes ago | Report Abuse
Issue bond or bank loan also need to pay interest leh. Maybe issue bond in RM not so bad in case USD keep increasing leh. Haiyoh. Correct?
You see USD vs RM April to June 4.20 - 4.40. Jul to Sept 4.40 - 4.60 leh. Then what happen to USD loan equivalent to rm1.5bil increase further or not. Future oct to dec 4.60 - ??? Dunno leh. Fed increase rate further next month 0.5 to 0.75 if lah. BNM sempat to increase rate or not. Dunno leh. Haiyoh. Correct?
BobAxelrod
You mean like USD1 = RM5.50 ke???? It's already at 4.73 Only way is to stabilise and go down.....not up anymore......or we are so screwed, not only HY.
Now talking about existing bank loan rm1.5bil leh. bond not yet right. Max rm5 bil in what currency. Must be USD kah. Cannot follow Russia or China or India or Iran de dollarisation kah. Haiyoh. Correct?
Anyway look at current QR later this month will release lah. Whatever good or bad also have to accept it lah. Your CW dont too greedy leh. Can swing why dont do it. Sudah cakap 2 times leh. Who care what HY QR berapa EPS lah. You have limited time to play your CW leh. After hot awhile it cool down. Hot again cool down again. At the end Toilet paper juga kah. 99% will be leh. Why bet against the odd leh. Haiyoh. Correct?
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....
BobAxelrod
8,255 posts
Posted by BobAxelrod > 2022-11-09 15:22 | Report Abuse
PetronM Q3 so bad.............
Cham lor, investors would dump PetronM and rushing to buy HY........