PETDAG (5681): Company Meetings

@invest8912, do u have any hope for it to go back to RM20? DO U OWN MANY LOTS?

1 month ago

will it get worse instead or a rebound?

1 month ago

James_Bond

I bought it up to average down and then sold it at even, not at a loss. Thanks.

1 month ago

@charlie, when will it rebound? i am rather worried!!!

1 month ago

James_Bond

Serve you right for not listening!

1 month ago

@invest8912, @hcthey, what are your opinions???

1 month ago

Bought MORE PetDag @ $16.78...this battle of attrition is easier to win than in 2014, when I started buying @ $22+ & it crashed all the way to $14.52. Even though my eventual average for 12 lots was $20.50, I eventually SOLD ALL of it on the way up, a large chunk too early, below $22, in fact. Now I only have 173 shares as a start. Lots of room to average DOWN as it falls!🤗

1 month ago

so are you continuing buying without any fear it might crash?

1 month ago

James_Bond

When crashing, said sold early. When moving up, said bought low.
We know your pathetic pattern, uncivilized lady!

1 month ago

invest8912

@moneyontheway, if you are so worried that means you bought too many lots already. I don't know how high it can go, but index counters can move up or down suddenly eg. During triple witching day or even month end when funds try to jack up the index.

1 month ago

167697

Major bottom at this price or around here. Drop more buy more, How many more stocks in KLSE has major bottom and long time frame. Very few. Just collect with only limited downturn

1 month ago

I'm having much more fun in Japan. Yesterday's dividend from 13 companies listed there, including expensive stocks Ogura Clutch, Mochida Pharma & Honda-linked Shindengen Electric totalled MORE than each of the months of the last 11 years which earned the least: Feb '22, May & Feb '20, Oct '19, Aug '16, Sep '15 & Apr '13:
https://stocklaser.blogspot.com/2024/07/

1 month ago

@167697, do you mean this stock will rise above RM20 like last time as you said 'drop more buy more'? when subsidy is removed and with the introduction of EV, can the company make more revenue and profits?

1 month ago

Fed Govt debt RM1.22trillion as of end April 2024. Pmx needs fund to pay increment for civil servants salary promise by year end involving RM10billion. Salary is a monthly commitment. So Ron95 subsidy cut will be next in line after diesel. This counter may drop even further. May rely further EPF support when any downward in price occur. RM20 looks impossible.

1 month ago

Fuel is essential and demand for it is inelastic. If the subsidy remove demand may drop temporary only. Fuel demand will be back to normal again as Malysian love their cars

1 month ago

@Kong73, can you provide your phone no. or can i contact you personally? i hope you can provide more about the future needs of the fuel as EV is on the way to be implemented into Malaysia. if i write something here, Mr JamesBond is firing at me.

1 month ago

Bursa to deliver strong 2Q results as trading activity surges — CGS
By Ishra Kamiso / theedgemalaysia.com
19 Jul 2024, 01:17 pm

KUALA LUMPUR (July 19): Bursa Malaysia Bhd (KL:BURSA) may report an 8.2% year-on-year (y-o-y) growth in net profit for the second quarter ended June 30, 2024 (2QFY2024), thanks to robust trading activity in the capital market, CGS International said.

Quarterly net profit will probably come in at RM82.5 million, lifting first-half earnings to RM157.5 million, according to CGS in a results preview note. That would be above market expectations, accounting for 55% of the Bloomberg consensus full-year estimate, it noted.

If the write-back in sales and service tax recorded in 2QFY2023 is excluded, net profit would have been 71% higher in 2QFY2024, CGS flagged. Bursa is scheduled to announce the results by month end.

“Bursa is a key beneficiary of the pickup in trading activity in the capital market,” CGS said. The house raised its target price to RM11.10 from RM8.70, and kept the stock on an ‘add’ call, equivalent to a ‘buy’ recommendation.

The average daily trading value of the equity market more than doubled y-o-y to RM3.62 billion in 2QFY2024. In the derivatives market, the daily average rose nearly 10% to 85,600 contracts.

Income generated from the equity market accounted for 48.4% of Bursa’s 1QFY2024 revenue, while derivatives made up 14.1%.

“In addition, we are encouraged to observe an across-the-board increase in trading activity of all major types of investors in Malaysia’s equity market,” CGS said.

The forecast for 2QFY2024 also took into account 'flattish' other income — including fees for listings, depository services, market data, member services and connectivity, conferences and exhibition-related income — CGS said. All in, The research house raised its FY2024-FY2026 earnings per share forecasts by 17%.

For FY2024, CGS is calling for a net profit of RM303.8 million, or 38 sen per share, above the consensus estimate of 35.9 sen per share.

Shares in Bursa have climbed 43% so far this year, thanks to the surge in trading activity and a slew of initial public offerings, while analysts remain bullish on the stock. A majority of 10 out of 15 research houses covering the counter have a ‘buy’ call, while the rest have ‘hold’ ratings, according to Bloomberg.

The stock has also blown past the consensus 12-month target price of RM9.25, and was trading at RM9.89 at Friday's noon trading break.

1 month ago

Boyour

EV still not reliable here..look at at the resale value of EV now...scary lol,,in 3 years ll be in scrap yard

1 month ago

https://theedgemalaysia.com/node/719790
Petronas may lose part of revenue to Petros, capex may be hit — RHB IB

1 month ago

In this type of mkt can still stand above $17.30! Cool! Another BIG FAIL by James_BOMB!🤣

4 weeks ago

https://focusmalaysia.my/bds-malaysia-stop-filling-up-at-caltex-as-its-parent-company-chevron-fuels-palestinian-genocide/

Relying on EPF to pump in fund for support. Cant imagine price without EPF. Composite index need to show market still good.

4 weeks ago

Maxpowar

True, stock price heavily supported by local institutions. Otherwise, it would've been worse. Keeping at the side line for now as we do not know how much of impact will the removal of diesel subsidy and surrendering of gas business to Borneo affect PetDag's profit in coming quarters.

4 weeks ago

speakup

4 weeks ago

Gents - PETRONAS is doing great - all their stations i see are always packed!

3 weeks ago

speakup

Ya ke? Why petronas near my office tutup?

3 weeks ago

Another increase today. Congratulation those who bought sub 17 last week

3 weeks ago

Epf continue to accumulate last week too.. preparing to zoom PETRONAS.

3 weeks ago

I got collect sub 17

3 weeks ago

$17.70+!🤗

3 weeks ago

17.70 is still attractive right to buy

3 weeks ago

US market up & down with uncertainty. Our market also affected and affecting further those related to Diesel rationalization. EPF pump in fund to help counter price, while those who were earlier stuck with the price fall from RM20+ to RM17 now taking advantage to sell and exit counter.

3 weeks ago

$18!!! Back above sister PetGas price! Of course, likely due to SHORT-covering from ppl like James_BOMB in the morning...but still nice to see...👍👍👍

2 weeks ago

calvintaneng

DUMBPEILEI SEE

Posted by dompeilee > 2016-10-25 11:59 | Report Abuse

Very strong...1.11 absorbing sellers well & increasing Q...accumulation phase :D

Posted by hng33 > 2016-10-25 12:03 | Report Abuse

Resistance level become support level now :)

Posted by chrisyap > 2016-10-25 12:05 | Report Abuse

Explode ! Explode !

Posted by dompeilee > 2016-10-25 12:09 | Report Abuse

Volume building up at triple one....472,600 shares!

DUMBPEILLLLEI BOUGHT WTK AT RM1.11
TRAPPED FOR 8 YEARS!!

2 weeks ago

PetDag soooo sooooooon after re-purchase already SOLIDly profitable on paper???🍾🥂🍸Thanks for the gift on reaching a THOUSAND consecutive market days of profit, a lifetime mega achievement!!!🤗

1 week ago

EPF pumping. Is Ron95 subsidy rationalization coming soon?

1 week ago

Some short-SQUEEZing going on...25k short sold @ $18.104 showing a big loss...keep going UPPPP!🤗😘😉

1 week ago

Kenyang

1 week ago

i am still hungry
how high can it go?

1 week ago

You got good appetite

1 week ago

need at least two rounds

1 week ago

James_Bond

Sold all my PetDag shares! Thanks!

1 month ago

James_DUMB_BOMB, sudah lariiii ke mana?😆🤣😂 All his clients should LARIIIIiiiii from him & his unprofitable mkt moves!🏃🏃🏃 Serves him right!!!

1 week ago

EPF must continue pumping in fund to ensure Petronas remain strong in composite index. Previous RM16 range is not good for market capitalization. Otherwise other strong counters in the main board are trying to enter composite index lists.

1 week ago

where can i see EPF pumping?

1 week ago

🎶🎵Don't cry for me Argentinaaaaaa!🎶🎵🎼 SOLD 68% of my position not far from the day's high!🤗

1 week ago