PETRONM (3042): Financials Summary, Key Results, Growth

Comrades, let’s paint PetronM green!

2024-04-17 15:55

Gov going to abolish petrol subsidy!

2024-04-17 15:56

If you witness how MSM rocketing up, this would happen to PetronM too! Cheers!

2024-04-17 15:59

If you miss MSM, don’t worry, you still hv chance in PetronM!

2024-04-17 16:05

https://www.tradingview.com/symbols/NYMEX-D1N1!/

High crack spread translating good profit margin to petron m refineries!

2024-04-17 16:08

https://www.malaymail.com/amp/news/malaysia/2024/04/17/rafizi-confirms-malaysia-will-go-ahead-with-cutting-down-on-petrol-subsidies-this-year/129243

2024-04-17 16:09

Remember Petrol/ Diesel is the highest subsidized item among all other things for instance sugar, cooking oil, rice etc… smart investors, you do the Maths, you should know how much profits coming from this… oh yes, the Malays still boycotting Petronas gas station right?… haha…

2024-04-17 18:51

https://www.washingtonpost.com/national-security/2024/04/15/ukraine-russia-oil-refinery-attacks/

2024-04-18 13:19

Breaking news: Israel attacking Iran!

2024-04-19 10:34

Go go go PetronM!

2024-04-19 10:34

wallstreetrookieNEW

Buying Petron at open this Monday. I ain't letting this opportunity slip away this time.

2024-04-22 15:59

wallstreetrookieNEW

2017 - 2018 oil bull run 2.0

2024-04-20 14:38

EngineeringProfit

Yup, parking RM 1 mil here, no fears

2024-04-20 15:30

kohcl130562

Price will only go up if the crack spread escalate upwards

4 hours ago

hhhiii123

go go dividend

2 months ago

EngineeringProfit

Wow....hihi

2 months ago

4.7% dividend. Nice but not as nice as some REITs giving 6%

2 months ago

Shucks! Shld not hv waited till the last minute to re-purchase my SOLD shrs but I did...anyway, BOUGHT 6 lots back @ 4.90 this morning.

2 months ago

Please be informed that I m going to dispose PetronM slowly…

1 hour ago

Found better shares to invest in… cheers…

2 months ago

Fortunately, your (highly unnecessary) bulletin is unable to depress Petron's share price at all! It's likely up up UPPP all the way till the last day b4 ex-divvy!

1 hour ago

1288Go

Wah so CEPAT arh...you all make bikix want to jual, jual..
Can wait arh for it to get to 6 ringgit...
Fast premature players..
🤔...hmmmm

2 months ago

Am RIGHT🎯🎯🎯 again! $5 & above meaning that my expensive $4.90 shrs are also in the 💰💰💰!

1 minute ago

1288Go

10c oony also CEPAT CEPAT mahu jual. Everybody want to makan bilis plofit ooony arh...
Let it run further lar. All rushing to the gates for 5c,,;10c...plofit.
No wonder Petron cannot naik...
Worse still tak de institutional support.
Hairan No institutional support !!

2 months ago

Only the forumer who has a license to earn ikan bilis profit has sold. I have not sold a single unit! Experienced perennial stockmarket earners like me know it's best to hold until at least the last day before ex-dividend to get the best capital gain!

2 months ago

Hot money in Tech sector! Remember to come and join us!

2 months ago

HohoHOOOO...those who were still hoping to get below $5...you can fergghedaboutit!!!😆

2 months ago

Dehcomic01

Bursa Petron Malaysia is a refinery cum petrol station business. Many believes that electric vehicles would eventually disrupt the petrol station business. But I suspect that it is probable a decade away.
Does this mean that we should no consider investing in Petron Malaysia? Over the past 12 years, the company delivered an average return that was greater than its cost of funds. This is a financially sound company whose performance is affected by crude oil prices.
Taking the performance over the oil price cycle into account, I found that there is a sufficient margin of safety from both the Asset Value and Earnings Power Value.
Unless you have decades of investing horizon, I would think the is a counter worth a look
For more insights go to page 20 of Invest https://notice.shareinvestor.com/email/newsletter/invest/pdf/Vol207-Invest-17May.pdf

2 months ago

🤗😘😊 The price action suggests that insiders(or not) are looking for better-than-expected results!

2 months ago

1288Go

Very enticing Domp dump...getting us to buy.
You smart operator 😂

1 month ago

sheldon

Yes good earnings performance over the years and very good net asset backing but all this is NOT reflected in the share price. Only we see it but the investors with deep pockets are NOT interested.

The only medicine for such a situation is for the company to start paying out big chunks of the profits in the form of DIVIDENDS so that shareholders are rewarded and those that stood by the sidelines will feel regretful!

1 month ago

ivanlau

If based on forward eps 90x 6.5 pe , the fair value will be rm 5.85 , today closing 5.17 , think about that........

1 month ago

PetronM 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 PetronM. PetronM has 770 stations at present day where Shell’s 950 stations probably register higher sales due to first-mover advantage and multiple strategic locations in high-traffic areas.

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).

“We think that higher pump prices could encourage carpooling and disincentivise the unlawful moving of subsidised fuel to foreign countries,” which may ultimately reduce PetronM sales volume, the research house said.

1 month ago

Hohoho… those stil holding this company would miss the golden opportunity to flip your fortune in tech stocks! Haha!

1 month ago

Invited you all to join us, don’t listen, serve you right! Haha!

1 month ago

dompeilee

Shucks! Shld not hv waited till the last minute to re-purchase my SOLD shrs but I did...anyway, BOUGHT 6 lots back @ 4.90 this morning.

1 month ago

Petron today closes at the HIGHEST in 22 months! James_Bodoh is the ultimate FOOL, selling @ $4.90...I took the opportunity to cash out HALF my stake @ $5.19, earning more nett of commission than the dividend quantum sacrificed! Cheers~ !😻 📈💲

1 month ago

sheldon

Dompeilee - You bought 4.90 ex or cum price?

1 month ago

sheldon

Dompeilee - You bought 4.90 ex or cum price?

1 month ago

Cum in late Apr, but averaged with my 2022 shares comes to $4.85.

1 month ago

fusing79

why drop so fast ?

1 month ago

Drop for u buy cheap mah

1 month ago

😅😅 https://thesun.my/local-news/misappropriation-of-ron-95-man-arrested-in-penang-DA12749695

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…

2 weeks ago

AzlanIshtiqal

Byk aktiviti Petron ni
https://thesun.my/sport/petron-malaysia-rewards-battle-of-the-reds-customers-with-tickets-AG12633506

2 weeks ago

subwayzzz

panic panic

6 days ago

AzlanIshtiqal

tak perlu panic. Pteron akan terbang semasa harga RON 95 naik

5 days ago

AzlanIshtiqal

2 days ago

Bought some Petronm
Who want follow me?

6 hours ago