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Last Price

4.60

Today's Change

0.00 (0.00%)

Day's Change

4.60 - 4.61

Trading Volume

26,500

Financial

T4Q

31-Mar-2021

2020

31-Mar-2021

2019

31-Mar-2021

2018

31-Mar-2021

2017

31-Mar-2021

Total assets

238

-1.64%

1000

+11.55%

110

+81.66%

900

-13.16%

600

+235.36%

Total current assets

238

1000

110

900

600

Cash & equivalents

238

1000

110

900

600

Short term investments

238

1000

110

900

600

Total receivables, net

238

1000

110

900

600

Accounts receivable - trade, net

238

1000

110

900

600

Other receivables

238

1000

110

900

600

Total inventory

238

1000

110

900

600

Inventories - work in progress

238

1000

110

900

600

Inventories - progress payments & other

238

1000

110

900

600

Inventories - finished goods

238

1000

110

900

600

Inventories - raw materials

238

1000

110

900

600

Total non-current assets

238

1000

110

900

600

Long term investments

238

1000

110

900

600

Note receivable - long term

238

1000

110

900

600

Investments in unconsolidated subsidiaries

238

1000

110

900

600

Other investments

238

1000

110

900

600

Net property/plant/equipment

238

1000

110

900

600

Gross property/plant/equipment

238

1000

110

900

600

Accumulated depreciation, total

238

1000

110

900

600

Deferred tax assets

238

1000

110

900

600

Net intangible assets

238

1000

110

900

600

Other current assets, total

238

1000

110

900

600

Total liabilities

238

-1.64%

1000

+11.55%

110

+81.66%

900

-13.16%

600

+235.36%

Total current liabilities

-238

-1000

-110

-900

-600

Total non-current liabilities

-238

-1000

-110

-900

-600

Long term debt

238

1000

110

900

600

Long term debt excl. lease liabilities

238

1000

110

900

600

Capital and operating lease obligations

238

1000

110

900

600

Provision for risks & charge

-238

-1000

-110

-900

-600

Deferred tax liabilities

-238

-1000

-110

-900

-600

Other liabilities, total

-238

-1000

-110

-900

-600

Total equity

-238

-1.64%

-1000

+11.55%

-110

+81.66%

-900

-13.16%

-600

+235.36%

Total liabilities & shareholders' equities

238B

1000B

110B

900B

600B

Total debt

238

1000

110

900

600

Book value per share

-238

-1000

-110

-900

-600

Discussions
10 people like this. Showing 50 of 19,181 comments

sheldon

Why the big drop when the crack spread shows an increase?

1 month ago

pang72

You need to ask sslee

1 month ago

pang72

He is writing another 20 pages complaint report to petron asking your input after 5pm market closing

1 month ago

pang72

You can sell now or wait for sslee complaint report to petron after 5pm.
Pandai pandai la

1 month ago

Sslee

Petron Corp Q2 result:
Net profit after tax Peso 2,743 million
Attributed to:
Equity holder: P 2610 million
Non controlling interest: P133 million.
Assume noncontrolling interest refer to Petronm which Petron hold 73.4% petronm thus noncontrolling interest is 26.6 %
MYR to Peso at 30/6/2023: 11.84
Thus Petronm NPAT: P133/0.266= P 500 million
MYR 500/11.84= RM 42.23 million

The negative balance of Equity reserves increased from P16.89 billion to P= 19.67 billion on account of the translation loss on investment in Petron Malaysia as a result of the weakening of Malaysian Ringgit against the US dollar.

Starting March 31, 2012, the Groupโ€™s exposure to foreign currency risks also arise from US dollar-denominated sales and purchases, principally of crude oil and petroleum products, of Petron Malaysia whose transactions are in Malaysian ringgit, which are subsequently converted into US dollar before ultimately translated to equivalent Philippine peso amount using applicable rates for the purpose of consolidation.

Oil Market
Year-on-year prices of Dubai declined by 22% to $79.0/bbl in 1H 2023 vs. $101.8/bbl in the same
period last year, with the global economic slowdown resulting to reduced economic activity.
Product cracks also weakened with gasoline cracks declining from $26.4/bbl in 1H 2022 to
$17.6/bbl in 1H 2023, diesel cracks from $36.6/bbl to $22.1/bbl, and kero-jet cracks from $27.7/bbl
to $20.2/bbl.

Can only hope Q3 will be a better quarter because of better crack spread and MY to strengthen against USD

1 month ago

pang72

Estimated rm4 2mils about half of last QR...
No wonder drop la....

1 month ago

pang72

Told you all pandai pandai liao lo... :)

1 month ago

Sslee

Note: Petron Corp H1 result/cumulative 6 months end 30/6/2023:
Net profit after tax Peso 6,142 million
Attributed to:
Equity holder: P 5,648 million
Non controlling interest: P494 million

Compare to H1 end 30/6/2022
Net profit after tax Peso 7,706million
Attributed to:
Equity holder: P 6,761 million
Non controlling interest: P945 million

1 month ago

dompeilee

I always get nervous near to qtrly report so I SOLD down to under 400 shrs now from 12k at the peak collecting maximum dividend while diversifying to other soon-to-come dividend payers since I'm pretty sure there's no more dividend coming here until Jun 24!

1 month ago

dompeilee

Sslee's brilliant analysis sparks a PLUNGE as weak holders anticipate a poor qtrly earnings report in less than a fortnight's time ๐Ÿ˜‰

1 month ago

Sslee

If you look at current mogas95, diesel, jetfuel and brent crude price the crack spread is very high compare to Q2 or Q1. If this crack spread can maintain till year end then Q3 and Q4 should be a better quarter than Q1 and Q2.

1 month ago

Sslee

Q1 NPAT 108.7 million. EPS 40 3 cent
If Q2 NPAT 42.2 million. EPS 15.6 cent
So H1 EPS 55.9 cents

Year 2023 EPS should be more than RM1+

1 month ago

i3lurker

for petron H1 is not equal to H2

instances of H2 way less than H1 is more common
also H2 could be a loss

the eggs are hatching? be careful power failure all die

1 month ago

Zhuge_Liang

I will believe Sslee because Sslee is a honest and responsible person.
Sslee can be trusted in I3 forum.

1 month ago

Sslee

Whether H2 will be better or worst than H1 all depend on would be crack spread and USD to MYR exchange rate in H2 compare to H1.

You just need to monitor would be mogas95, diesel, jet fuel, brent crude and USD to MYR exchange rate in H2.

1 month ago

stockraider

Mkt do not value highly of Petron profits highly loh!
Bcos it deemed it not sustainable mah!

Better go for insas....very consistent earnings growth loh!

Posted by Sslee > 1 hour ago | Report Abuse

If you look at current mogas95, diesel, jetfuel and brent crude price the crack spread is very high compare to Q2 or Q1. If this crack spread can maintain till year end then Q3 and Q4 should be a better quarter than Q1 and Q2.


Sslee

2,206 posts

Posted by Sslee > 1 hour ago | Report Abuse

Q1 NPAT 108.7 million. EPS 40 3 cent
If Q2 NPAT 42.2 million. EPS 15.6 cent
So H1 EPS 55.9 cents

Year 2023 EPS should be more than RM1+

1 month ago

subwayzzz

if USD/MYR trending up, we can kiss goodbye to this stock

1 month ago

i3lurker

Interpretation of Gobbledygook: -
1) You dunno,
2) have no idea,
and
3) no one else has any idea either.

That about sums up your investment in Petron. ๐Ÿ˜


Sslee

Whether H2 will be better or worst than H1 all depend on would be crack spread and USD to MYR exchange rate in H2 compare to H1.

You just need to monitor would be mogas95, diesel, jet fuel, brent crude and USD to MYR exchange rate in H2.

18 minutes ago

1 month ago

Sslee

At least I have some idea on glove and Petrol Chemical than "buy what you understand"๐Ÿ‘Œ

1 month ago

subwayzzz

investing in pmetal would generate better return than petronm

1 month ago

sheldon

TQ Sslee for your astute analysis.
15.6 sen EPS is decent enough. I've come across a host of other companies with pathetic earnings but lofty share price. This big elephant in the room is being ignored

1 month ago

investor_lauzy

I believe it's also because renewable energy is all the rage these days. Although decent, will foreign funds come for this stock? That's the key qns

1 month ago

i3lurker

You misunderstood.
This Theory says if you do not understand, you can still buy provided you understand that you do not understand.


Sslee

At least I have some idea on glove and Petrol Chemical than "buy what you understand"๐Ÿ‘Œ

1 hour ago

1 month ago

HafizAjiad98

Makna Petronm punya q2 akan lebih buruk drpd q1?

1 month ago

Sslee

i3lurker You misunderstood.
This Theory says if you do not understand, you can still buy provided you understand that you do not understand

Agree ignorance is bliss. Only in Malaysia a PN17 company like CapitalA that twice postphone submitting PN17 regularisation plan and with below balance sheet:
Balance Sheet as at 31/3/2023 :
Net current liabilities: RM (8,524,896,000)
And Net total assets/total equity : RM (9,376,200,000)
Is now worth:
Market Cap: 4,631 Million
NOSH: 4,210 Million
Avg Volume (4 weeks): 30,966,036
4 Weeks Range: 0.82 - 1.10
52 Weeks Range: 0.56 - 1.10

1 month ago

dompeilee

I curi curi beli sebiji yesterday becos 4.40-4.50 is a good buying range since EV is still in relative infancy so there are a good few more years for this to ding-dong & earn some trading gains...โ›ฝ

1 month ago

sheldon

Since EV is looming, Petron is in danger of becoming extinct and share price extremely low relative to earnings, large dividend payouts would be the best balm for shareholders.

With half-year earnings at 56 per share coupled with previous years cumulative earnings net of dividends, it should be no problem to declare 50 sen dividends. Unfortunately it's dividends are constipated.

1 month ago

HafizAjiad98

Masih awal lagi utk M'sia melaksanakan full ev ...

1 month ago

HafizAjiad98

Hari-hari jatuh sikit...tunggu 4.20 baru kutip lagi

1 month ago

HafizAjiad98

...tak ade tanda kejatuhan sampai hari ni. Keputusan q2 yg baik boleh dijangkakan?

1 month ago

investor_lauzy

You je yg jangka akan jatuh. Ni long term, q2 results x baik sangat. Tapi q3 and 4 yg meletup

1 month ago

dompeilee

Down 7c only, the day after the US markets plunged overnight. Not bad...though I regret a little buying back @ 4.49 recently. Thank goodness my most recent Tokyo-listed purchase went LIMIT UP 2day!๐Ÿค—

1 month ago

HafizAjiad98

blh tahan. Masih ade profit pd q2

1 month ago

HafizAjiad98

Pengurusan risiko yg berhemat, pengurusan aliran tunai yg lebih efektif serta keberkesanan program kos penjimatan menyebabkan Petronm mencatat pendapatan operasi sebanyak RM70 juta

1 month ago

SincereStock

just bought a few PETRONM today between RM4.48 to RM4.50, entering my first petroleum retail counter,

hopefully the price is low enough now and future earning is good and consistent

1 month ago

dompeilee

In paper profit once again!On top of all the capital gains & dividends! ๐Ÿค—

3 weeks ago

NorAfan

crack spread naik lagi?

3 weeks ago

subwayzzz

njhl

3 weeks ago

NorAfan

ape njhl?

3 weeks ago

sheldon

Steep drop in crack spread but still on positive territory.

I thought when price of oil goes up the crack spread also goes up. Looks like no such correlation exists.

3 weeks ago

NorAfan

Sy rasa negara lain ada simpan byk minyak semasa harganya jatuh ke $68 sana. Sebab tu crack spread tak berapa naik skrg...

3 weeks ago

subwayzzz

rafizi just hinted that "subsidi bersasar" will be tabled in parliament in the upcoming budget. can anyone explain how it impacts the local refiners ?

1 week ago

NorAfan

Makna Harga petrol akan naik kerana subsidi yg terhad and bersasar

1 week ago

speakup

Ya, petrol ron95 kita akan rm4/liter
Untung duit di bursa tapi kasi balik di pam

1 week ago

subwayzzz

rm4/liter menolong kitaran wang dalam ekonomi dari bursa ke pam petrol stesyen haha

1 week ago

NorAfan

Inflasi akan naik lagi di Malaysia

1 week ago

NorAfan

Harga petrol dah naik: RON 97 + 10 sen

3 days ago

mf

European stocks largely lower; investors fret over rising yields
Stock Markets
Investing.com - European stock markets largely retreated Tuesday, as investors fretted on the prospect for a period of elevated...

3 days ago

NorAfan

Harga petrol di Europe tinggi sgt. Inflasi sedang naik di Europe

2 days ago

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