Posted by Needluck > 2024-06-12 09:33 | Report Abuse

this might be why no announcement for the block of over 3 million shares bought at 19.88 on 31/5/2024

Posted by Needluck > 2024-06-12 09:38 | Report Abuse

ya, a few counters always goreng up a period, and will fall again, for them to goreng up again. this is how local funds make money, this is all my own opinion.

Posted by moneyontheway > 2024-06-12 09:45 | Report Abuse

so when it goes up a bit , do you sell and buy when it drops again? as for me, i just watch the fluctuation of the share price.

Posted by Needluck > 2024-06-12 10:14 | Report Abuse

if some parties of profit drop, why eat up from the price of 19.22 to 19.80 about 3.26 million shares? who have the ability to buy so many shares, retailers?

Posted by CharlieM > 2024-06-12 12:49 | Report Abuse

Two possible reasons why the price drop.
1. Net profit down 25% last QR
2. Possibility of Aramco (Saudi) entering the market via Shell acquisition. This will elevate market share competition with newcomer promotion, reward campaigns.

Posted by James_Bond > 2024-06-12 14:49 | Report Abuse

Saudi Aramco is working hand in hand with Petronas Malaysia in the refinery fuel business in Johor. It is difficult to penetrate the local market which dominated by Petronas. Many fuel operators such as Shell etc giving up the Malaysia markets due to low profitability and gov regulations, thus, could not win against Petronas.

Posted by James_Bond > 2024-06-12 14:56 | Report Abuse

Believe gov would intervene if any fuel operators hurting Petronas business… therefore, buy and hold PetD with peace of mind…

Posted by James_Bond > 2024-06-12 15:06 | Report Abuse

Current share price of 17.70 is a sort of market value during Covid pandemic! Not now!

Posted by James_Bond > 2024-06-12 15:09 | Report Abuse

Value investors do the maths and should appreciate this golden opportunity to buy and hold!

Posted by James_Bond > 2024-06-12 15:16 | Report Abuse

It is a not a pride, but shame as Malaysians, looking at such poor share price performance by Petronas Dagangan!

Posted by James_Bond > 2024-06-12 15:18 | Report Abuse

Worse still, share price is selling cheap than companies producing alcoholic beverages!

Posted by moneyontheway > 2024-06-12 15:23 | Report Abuse

@james, do you tink it will rise to RM30? like in 2014

Posted by James_Bond > 2024-06-12 15:26 | Report Abuse

Furthermore, Petronas Dagangan could drag KLSE index down! Goodness! It is time to proof that you r better and help the index up above 1800+!

Posted by James_Bond > 2024-06-12 15:29 | Report Abuse

Tenaga is doing really hard to help KLSE index up! It is your time to perform, Petronas Dagangan!

Posted by CharlieM > 2024-06-12 16:11 | Report Abuse

Petronas Dagangan faces twin share de-rating threats — CGS
https://theedgemalaysia.com/node/710733

KUALA LUMPUR (May 8): Petronas Dagangan Bhd (KL:PETDAG) faces a threat from Saudi Aramco’s possible entry into Malaysia’s fuel retailing market, on top of the impending withdrawal of fuel subsidies, CGS International warned.

Aramco is reportedly negotiating to acquire Shell’s 950 retail fuel stations in Malaysia, which if a deal materialises, could heighten competition in the country, CGS said. Aramco will rebrand the stations and will offer promotions to retain existing customers and attract new ones, it said.

That “could be a potential de-rating catalyst” for Petronas Dagangan, CGS said. While Petronas Dagangan has more than 1,000 retail fuel stations in Malaysia, Shell’s 950 stations probably register higher sales due to first-mover advantage and multiple strategic locations in high-traffic areas, it said.

Reuters reported on Monday (May 6) that Aramco has been in talks with Shell since late 2023 for the deal that could be worth up to US$1 billion (RM4.74 billion).

In 2012, Petron Corp of the Philippines acquired ExxonMobil’s Esso stations in Malaysia and went on to expand its network from 550 stations to 770 stations at present day. Its Malaysian venture company Petron Malaysia Refining & Marketing Bhd also rebranded the stations, and launched multiple promotional campaigns with loyalty points and prizes, CGS noted.

The result was that Petronas Dagangan’s retail fuel sales fell 2% in 2014 and 9% in 2015, while incurring higher advertising and promotional costs in order to keep up with Petron, CGS said. “Aramco could pursue a similar strategy as Petron,” it cautioned and maintained its “reduce” call on Petronas Dagangan.

In the nearer term, Petronas Dagangan is expected to report a decline in core net profit in the first three months of its financial year 2024 (1QFY2024), from RM302 million in the same quarter a year earlier (1QFY2023), due to suspension of flights by MYAirline and high commercial operating profits a year earlier, according to CGS.

On a quarter-on-quarter basis, CGS forecasts an increase in core net profit in 1QFY2024, from RM184 million in the final quarter of 2023 (4QFY2023), as a result of inventory gains and “wide” margin from the sale of jet fuel.

Further out, Petronas Dagangan will have to contend with a “high likelihood” of lower total volume of fuel subsidies by the Malaysian government from mid-2024, CGS said.

“We think that higher pump prices could encourage carpooling and disincentivise the unlawful moving of subsidised fuel to foreign countries,” which may ultimately reduce Petronas Dagangan’s sales volume, the research house said.
Petronas Dagangan’s retail sales volume probably grew 3% in 2023 and will see “zero growth” in 2024-2025, once retail diesel prices are no longer subsidised at the pump, “which may turn out to be optimistic,” CGS added.

Posted by James_Bond > 2024-06-12 19:51 | Report Abuse

Guess CharlieM sold PetD and wanna grab even lower price, way lower than Covid pandemic period! Sorry, PetD will never be yours forever!

Posted by James_Bond > 2024-06-12 20:27 | Report Abuse

CharlieM, Please go and spread this news to PetronM group!

Posted by James_Bond > 2024-06-12 20:46 | Report Abuse

May I ask CharlieM two basic questions?

Q1: Petronas/ shell / PetronM refilling MAS airplane fuel?

Q2: Petronas/ shell / PetronM refilling fuel for government cars, for instance: police car, ambulance, fire engines etc.

Would this be affected?
— smart investors would definitely know, Q1Q2 undoubtedly goes to Petronas Dagangan!

Posted by James_Bond > 2024-06-12 20:51 | Report Abuse

Last Question to CharlieM.

Would current PetD customers shift to ? Aramco with no track record of fuel selling in Malaysia before?

— answer is clearly NO! PetD would retain mostly old customers and new as well due to mesra customer loyalty and the spirit of Pro-Malaysian products and companies!

— it wil kill PetronM for sure!

Posted by CharlieM > 2024-06-12 22:51 | Report Abuse

That article is from TheEdge, analysis from CGS, not me. I’m just sharing because a lot of people here asking why PetDag falling..

Posted by moneyontheway > 2024-06-13 08:52 | Report Abuse

@James, so do you think PDB will rebound and possibily hit RM30 again like in 2014?

Posted by James_Bond > 2024-06-13 09:33 | Report Abuse

Do you think PDB worth RM30? If yes, then you hold! If no, you take profit at the price that you comfortable with!

Posted by James_Bond > 2024-06-13 09:33 | Report Abuse

I will hold till at least above 25!

Posted by James_Bond > 2024-06-13 09:34 | Report Abuse

Once in the lifetime that you get the chance to join the business at such comfortable price range!

Posted by hcthey > 2024-06-13 12:12 | Report Abuse

I opine that to reach RM30.00 again is unlikely to happen, to achieve RM21.00 to RM23.00 is more optimistic.

Posted by yeinemesis > 2024-06-13 17:24 | Report Abuse

I think foreign funds shifting to a new generation of energy supplier-TENAGA. EVs, Data Centres, AI Industries-Microsoft, EVs, etc constantly increasing demanding for electrical energy. Whereas, Petroleum could be outshined. Local Institutional funds may be trying to support the stock which is the main revenue of the country.

Posted by CharlieM > 2024-06-14 16:44 | Report Abuse

You have to anticipate reduce in the next QR profit. The sales from diesel smugglers have ceased.

Posted by limch > 2024-06-18 10:18 | Report Abuse

Reduce travelling trips is my way to counter diesel increase.

Posted by vicha7 > 2024-06-19 15:51 | Report Abuse

Belum lagi consider impact dari Ron95 bila remove subsidy….may drag this counter lower a little bit

Posted by moneyontheway > 2024-06-19 16:12 | Report Abuse

@charlie, will it rebound in the future?? never before so low,eh??

Posted by dompeilee > 2024-06-20 15:19 | Report Abuse

James_Bond

Once in the lifetime that you get the chance to join the business at such comfortable price range!

1 week ago

This James_DOMB...really foolish! Simply claim that inferior Xiaomi is going to overtake Panamy, but this Cinaman can't see the writing on the wall for this coddled Petronas child who is finally being exposed to extreme competition...

Send all his followers to HORLAN as usual!🤣

Posted by James_Bond > 2024-06-21 11:57 | Report Abuse

Collected PetD at 17.28-17.40! Cheers!

Posted by mesoan > 2024-06-21 12:06 | Report Abuse

@james will PetD be made redundant? as electric cars become norm in 10 years.

Posted by newbie2018 > 2024-06-25 10:14 | Report Abuse

Electric car is EV? How much does it cost in M'sia? Use electric car petrol become FOC? Any other cost using electric car?

mesoan

@james will PetD be made redundant? as electric cars become norm in 10 years.

3 days ago

Posted by EngineeringProfit > 2024-06-26 10:58 | Report Abuse

Below 17.15 just sapu lah

Posted by moneyontheway > 2024-06-26 11:09 | Report Abuse

any confidence to rebound? now petronas gas is higher.

Posted by EngineeringProfit > 2024-06-26 11:11 | Report Abuse

Medium term

Posted by dompeilee > 2024-06-26 15:14 | Report Abuse

James_Bond

Collected PetD at 17.28-17.40! Cheers!

5 days ago

James_BOMBED...😂...plunged to $17.08 only...xiao-mee-promoting chinaman running from crashing Shanghai stockmarket downgrading to m'sia to play stocks here out of desperation!🤣

Posted by EngineeringProfit > 2024-06-26 16:04 | Report Abuse

Below 17.15 just sapu lah

Posted by mesoan > 2024-06-27 09:07 | Report Abuse

if EV become common, people can charge car at home. No need to go to petrol station

Posted by dompeilee > 2024-06-27 10:02 | Report Abuse

Finally pulled the trigger on my LOWEST-priced BUY of PetDag in my 10-year career trading this stock for $1,857 in capital gains & over $1,000 in dividends...@ $17.22! The previous lowest was $17.50 in Oct 2020 🤗

Posted by moneyontheway > 2024-06-27 14:14 | Report Abuse

@dompeilee, any hope to go beyond RM25, now it is lower than PetronasGas.

Posted by dompeilee > 2024-06-27 16:55 | Report Abuse

No la...with the chinaman James_BOMB inside, probably rise to $20 by 4Q '24 in the most optimistic scenario.

Posted by James_Bond > 2024-07-02 15:47 | Report Abuse

You should know what to do when uncivilized person texting in the forum… uncivilized people most likely lead others to holland… and copy smart investors buy call and stealing thunder away from them…

Posted by moneyontheway > 2024-07-03 15:44 | Report Abuse

what do you mean, MR JAMES??

Posted by dompeilee > 2024-07-04 09:32 | Report Abuse

James_Bond

You should know what to do when uncivilized person texting in the forum… uncivilized people most likely lead others to holland… and copy smart investors buy call and stealing thunder away from them…

1 day ago

Honey, you're deluded, jaded & absolutely NUTS! I've been trading stocks while you were still in diapers & have been trading profitably in & out of PetDag since my first purchase here in May 2014...have been a shareholder long enough to collect five $100 door gifts & plenty of meals even before Covid. Have been eyeing this since it broke $19 & just waiting for a good entry...and now I have the satisfaction of re-entering cheaper than you with thousands of profits already collected!🤗😘

Posted by James_Bond > 2024-07-04 10:53 | Report Abuse

Sick of this uncivilized dompeilee! Be informed that I m disposing PetDag. Let this uncivilized lady continuing her miserable life here. Thanks.

Posted by James_Bond > 2024-07-04 10:55 | Report Abuse

I m expecting her to claim her victory if PetD goes up and humiliates me for dumping low… if PetD goes down, she would say dispose early and blaming me for pushing the price down… Let’s see…

Posted by moneyontheway > 2024-07-04 11:14 | Report Abuse

@James, so what do you think of the share price? will there likely be a rebound to over RM20 and above? it seems the price is stagnant for the past one month after the removal of the diesel subsidy.

Posted by James_Bond > 2024-07-04 11:22 | Report Abuse

With rationalization of petrol subsidy, personally expecting ppl would be cautious in spending petrol in the future. Revenue would be less, so as to the profit. Good Luck!