Highlights

Stock Price Target

 
Search
Recent Price Targets: [Sign In or Register (FREE) to view]
 
KLSE: PETRONM       PETRON MALAYSIA REFINING & MARKETING BHD
Last Price Avg Target Price   Upside/Downside Price Call
2.96 4.65     +1.69 (57.09%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
26/03/2020 2.87 3.02 +0.15 (5.23%) HOLD RHB-OSK Price Target News
28/02/2020 4.80 5.43 +0.63 (13.13%) BUY RHB-OSK Price Target News
07/10/2019 5.09 5.49 +0.40 (7.86%) HOLD RHB-OSK Price Target News


Price Target Research Article/News (past 6 months)
26/03/2020  RHB-OSK Petron Malaysia Refining & Marketing - Tougher Outlook; D/G to NEUTRAL
28/02/2020  RHB-OSK Petron Malaysia - Within Expectations; Keep BUY
07/10/2019  RHB-OSK Petron - Refining Margins Recovery; U/G to NEUTRAL



  9 people like this.
 
Sslee Dear Philip,
Please convey my unreserved apology to your brother in-law for my mistake in reading PPHB financial year end 2019 result and wrongly quote:
Hotel Revenue: RM 6,105,000
Result: (RM 1,076,000)

So please allow me to amend the correct figure as pointed out by Philip:
From Oct- December 2019, when operations consider still running and improving and cost cutting (800k to cut). Revenue 3.696 million, profit 206 thousand. 5.57% net profit.
I was actually misled by Philip article on PPHB
https://klse.i3investor.com/blogs/philip5/2019-01-30-story-h1456984491-CUN_CUN_CALL_BY_PHILIPTANGRAIDING_RESEARCH_GROUP_UNLIMITED_POWER_UP_TRA.jsp
Estimate pricing: 100 rooms fully occupied x 25 days x 400 x 12 months = 12 million yearly
So we are looking at additional nett earnings after completion from hotel alone (not yet accounted for parking, rental of retail shoplots etc) of at least extra 3 million every year.

Work out to be 3 million per quarter and nett earnings 750 thousand per quarter. I am satisfied with your Hotel revenue per quarter of 3.696 million but as Philip put it please find a way to cut 600K per quarter so as to make a nett earning of (600+200)= 800K per quarter.

Posted by Philip ( 2.3% fatality rate, 80% recovery rate age 10-40) > Jan 29, 2019 8:43 PM | Report Abuse
Hi all, raiderphilip have a plan. If everybody work together and we sapu 51% of outstanding stocks in pphb, we can all attend the next agm and scold the directors of the company for taking 7 million is director fees when the company only produce 15 million in profits.

This is an outrage! Please someone share this article to more friends so we can bersih the horrible management into giving us that 0.01 dividend! ( 2 million only)
I think 2 million in dividend is fair!

Don't you think so?

Please read more to learn for your safe investment in stocks. Patience will come to those who wait, and wait, and wait.

https://klse.i3investor.com/blogs/philip5/191626.jsp
Another reason to buy: the owner owns more than 44% of the business. He not stingy like insas say cannot buy this cannot buy that la wtf. He say follow general philip! IF BUSINESS DO WELL, WE ALL DO WELL. IF BUSINESS DONT DO WELL, SOLI LO I DO SHARE PLACEMENT DILUTE MY OWN SHARE HUHUBUKUBKU. So far I trust him la. Why trust leh? This is because he grow shareholder equity from 100 million in net worth to 220 million in networth from 2009 - 2019.

So Philip please asks your wife and brother in-law to attend AGM and in no uncertain term told BOD off are they trying to insult the minority shareholders with 0.25 Cents dividend?

Thank you
04/03/2020 12:09 PM
stockraider THIS WHAT HAPPEN IF U TRUST AN ENGINEER LIKE PHILIP TO DO ITS MATHS....NO MARGIN OF SAFETY ALLOWANCE....NO SENSITIVITY TEST....JUST BULL DOZE WITH...BEST OPTIMISTIC DREAM SCENARIO LOH....!!

I THINK SAMETHING HAPPEN TO PCHEM TOO LOH....!!

Posted by Sslee > Mar 4, 2020 12:09 PM | Report Abuse

Dear Philip,
Please convey my unreserved apology to your brother in-law for my mistake in reading PPHB financial year end 2019 result and wrongly quote:
Hotel Revenue: RM 6,105,000
Result: (RM 1,076,000)

So please allow me to amend the correct figure as pointed out by Philip:
From Oct- December 2019, when operations consider still running and improving and cost cutting (800k to cut). Revenue 3.696 million, profit 206 thousand. 5.57% net profit.
I was actually misled by Philip article on PPHB
https://klse.i3investor.com/blogs/philip5/2019-01-30-story-h1456984491...
Estimate pricing: 100 rooms fully occupied x 25 days x 400 x 12 months = 12 million yearly
So we are looking at additional nett earnings after completion from hotel alone (not yet accounted for parking, rental of retail shoplots etc) of at least extra 3 million every year.

Work out to be 3 million per quarter and nett earnings 750 thousand per quarter. I am satisfied with your Hotel revenue per quarter of 3.696 million but as Philip put it please find a way to cut 600K per quarter so as to make a nett earning of (600+200)= 800K per quarter.

Posted by Philip ( 2.3% fatality rate, 80% recovery rate age 10-40) > Jan 29, 2019 8:43 PM | Report Abuse
Hi all, raiderphilip have a plan. If everybody work together and we sapu 51% of outstanding stocks in pphb, we can all attend the next agm and scold the directors of the company for taking 7 million is director fees when the company only produce 15 million in profits.

This is an outrage! Please someone share this article to more friends so we can bersih the horrible management into giving us that 0.01 dividend! ( 2 million only)
I think 2 million in dividend is fair!

Don't you think so?

Please read more to learn for your safe investment in stocks. Patience will come to those who wait, and wait, and wait.

https://klse.i3investor.com/blogs/philip5/191626.jsp
Another reason to buy: the owner owns more than 44% of the business. He not stingy like insas say cannot buy this cannot buy that la wtf. He say follow general philip! IF BUSINESS DO WELL, WE ALL DO WELL. IF BUSINESS DONT DO WELL, SOLI LO I DO SHARE PLACEMENT DILUTE MY OWN SHARE HUHUBUKUBKU. So far I trust him la. Why trust leh? This is because he grow shareholder equity from 100 million in net worth to 220 million in networth from 2009 - 2019.

So Philip please asks your wife and brother in-law to attend AGM and in no uncertain term told BOD off are they trying to insult the minority shareholders with 0.25 Cents dividend?

Thank you
04/03/2020 12:15 PM
Choivo Capital Aiyoh, i really cannot keep up with these retirees in arguing online.

Really no energy, read the comments also sien d.

Can we stick to talking about the stock ah?
04/03/2020 12:25 PM
Philip ( Dr. Fauci my Hero) Sure thing,
which stock?

XX or XX?

I think XX is going to go up, I'm going to buy XX stock because the owner earnings is 600 million.

What do you think about XX? I think it is a good buy, how about you?

>>>>

The Present Portfolio of bullshit imaginary stocks
Company Name Percentage
XX 22.11%
XX 16.81%
XX 10.59%
XX 7.20%
XX 5.38%
XX 4.44%
XX 3.78%
XX 3.42%
XX 3.24%
XX 2.99%
XX 2.06%
XX 2.02%
XX 1.77%
XX 1.75%
XX 1.75%
XX 1.70%
XX 1.42%
XX 1.32%
XX 1.20%
XX 1.09%
XX 1.05%
XX 1.00%
XX 0.97%
XX 0.93%
XX 0.89%
XX 0.89%
XX 0.80%
XX 0.63%
XX 0.60%
XX 0.50%
MARGIN LOAN (11.92)%
CASH 7.60%
TOTAL 100%
04/03/2020 12:34 PM
Philip ( Dr. Fauci my Hero) So, you agree in my analysia of 12 million revenue per year? it is good numbers? And profitable? yes?, So in hotel terms do you think there is no production hiccups and cost cutting available to increase profit for a first time hotel runnning management? Of course there is.

Also, I will do that the moment you go and tell BOD of Berkshire in no uncertain terms why they are insulting minority shareholders of Berkshire with no dividends for 50 years?

Is dividends all you want? They have already started a dividend payout program.
Growth ? They have clearly increased revenues by 3.6 million a quarter from their hotels.
Earnings? Have they lost money for you?

Despite the pump and dump activity by OTB and gang, the business of PPHB is still doing fine and good share price increase in 1 year (from 0.49 to 0.72 today).

Dividends is not the be all and end all.

Look at airasia and their 90 cents dividend.

Please, evolve your investing methods.

The Dogs of the Dow method is full of holes.

>>>>>>

So Philip please asks your wife and brother in-law to attend AGM and in no uncertain term told BOD off are they trying to insult the minority shareholders with 0.25 Cents dividend?

Thank you
04/03/2020 12:15 PM
04/03/2020 12:44 PM
lilychan mahathir and muhyidin become enemy die lo
04/03/2020 2:29 PM
Sslee Hahaha Philip,
I thought in Malaysia only TTB of ICAP fame comes close to Berkshire. I did not realize that PPHB BOD is equally of caliber and status as BOD of Berkshire. My mistakes again so please accept my sincere apology.

And if your wife happens to attend the PPHB AGM please convey the minority shareholders profound gratitude and thanks to PPHB BOD for growing shareholder equity from 100 million in net worth to 220 million in net worth from 2009 - 2019. As of the BOD kindness in giving 0.25 cents dividend for financial year end 2019 we will put it into good use by buying more PPHB shares.

Thank you
04/03/2020 5:09 PM
Sslee And by the way,
INSAS Net Worth base on NOSH - 693,348,000 Note: Treasure shares as on 30/6/2019: 30,327,291
30/6/2010: RM 823,482,000. NTA: RM 1.1877
30/6/2019: RM 1,737,078,000. NTA; RM 2.5053
Total dividend during this period 10.3 cents
Note: 2019 financial report:
11 ASSOCIATE COMPANIES
Represented by:-
Share of net assets; RM 323,080,000
Goodwill on acquisition RM 114,341,000
Total RM 437,421,000
Market value of quoted shares in Malaysia; RM 998,535,000 (30/6/2019) RM 1,376,569,000 (30/6/2018)

Thank you
04/03/2020 5:38 PM
Philip ( Dr. Fauci my Hero) What is your point

Xinquan market value of quoted shares 27 million, net worth based on nosh 921,821,000.00
Parkson market value of quoted shares 197 million, net worth based on nosh 1,856,893,000.00
Asianpac market value of quoted shares 124 million, net worth based on nosh 1,532,243,000.00
Insas market value of quoted shares 437 million, net worth based on nosh 1,776,858,000.00

So many billion dollar companies with high net worth, shouldn't you buy them instead? More ACCOUNTING margin of safety in parkson and xinquan.

The important thing to apply here is logic and rational thinking.

Why are such high net worth companies having such depressed share price for so long? Is the market blind? Is everyone blind?

The answer is very simple and rational. Why don't you look at it like this, it's clear when I put it in this way:

QL networth 2 billion produces yearly revenue of 4.23 billion.
Yinson networth 1.7 billion produces orderbook of 40 billion in projects ( and counting).
Public Bank networth 43 billion produces yearly revenue of 22 billion.
Xinquan networth 921 million produces revenue of -110 million(after contra losses)
Parkson networth of 1.8 billion produces revenue of - 4 billion (if you contra losses)
Asiapac networth 1.5 billion produces yearly revenue of 190 million.
Amazon networth 225 billion produces yearly revenue of 280 billion.
Petronm networth 1.7 billion produces yearly revenue of 11.4 billion.
Insas networth 1.7 billion produces yearly revenue of 170 million.

If you use rational thinking,
1. A business is not a business of it doesn't make money
2. A business cannot generate more cash earnings than its revenue. ( Unless you start going to accounting land). Therefore revenue generation in terms assets is very important.
3. Efficient companies produces outperformance relative to its assets company's.
4. Retained earnings should be used to grow the business, else given out as dividends or share buybacks.

So, would you hire a cheap supervisor who can work OT every Saturday and Sunday, run entire plantation, do the job of 3 men? Or are you the type to overpay for a manager who works only 10% as hard as the supervisor, but has all the master degree, writes beautiful PowerPoint slides, but has no idea how to run the plantation?

I know what I would choose, rationally.

I hope you understand what I mean instead of repeating same old tired story.

Thank you.
04/03/2020 8:37 PM
Philip ( Dr. Fauci my Hero) As for PPHB, it is a company with networth of 247 million generating 203 million in revenue.

That is your starting point of asking if this is a business you would buy.
Then you look at earnings, 23 million.
Then you look at asking price for the entire business, 140 million.
Then you look at the long term prospects of the company.

That is how you should look at a stock, as a business.

Not pieces of paper to buy and sell.

Rationally speaking, if you were looking to buy a car,

If someone wanted to sell you a Ferrari worth 1.7 million for 170 thousand cash, would you say OK I'll buy it now? Or would you look everywhere inside and out to find out why the car is selling so cheap?

And if the car has been in sale for the last 5 years with no buyer, I'll be doubly careful.

The trick is to understand the mileage on the car, and how far it can go before it breaks down.
04/03/2020 8:50 PM
Philip ( Dr. Fauci my Hero) Insas price to value has been abnormal for the last 5 years. Imagine a company with 1.7b assets the same as petronm, except petronm did 11.4 billion revenue and 178 million in earnings. The other 1.7b asset company only does 200 million in revenue and 95 million in earnings. Which one is intrinsically safer and which would you pay more for?

Obviously both are companies I wouldn't touch because of the limited long term prospects.

But another story for another day.
04/03/2020 8:56 PM
Sslee Dear Philip,
Just to compare PPHB net worth (100 million to 220 million from 2009 – 2019) with Insas net worth 30/6/2010 - 30/6/2019: RM 823,482,000 (NTA: RM 1.1877) to RM 1,737,078,000 (NTA; RM 2.5053) or about average addition of 100 million per year.

Hopefully one day INSAS share of profit from associated companies (RM 22,412,000 as of 31/12/2019 half year result) + Fair value gain of financial assets (RM 3,087,000 as of 31/12/2019 half year result) will be higher that it revenue (Revenue RM 85,235,000 and Net profit RM 49,328,000 as of 31/12/2019 half year result) So is revenue more important or net profit more important?

Note: Financial assets at fair value through profit or loss: RM 234,104,000 (as of 31/12/2019)
If only Dato’ Wong is as smart investor as Philip and bought Stoneco, by now the fair value gain would be more than the revenue.

Beside INSAS wholly own subsidiary Credit & Leasing Sdn Bhd - Aggregate amount of outstanding loans as at 31 December 2019: RM 259,993,000. The interest rate charged by ICL is in accordance with the Money-lending Act, which is not more than 12% p.a. for secured loans and not more than 18% p.a. for unsecured loans.
Deposits with licensed banks and financial institutions RM 545,654,000
Cash and bank balances: RM 119,245,000
ASSOCIATE COMPANIES
Represented by:-
Share of net assets; RM 323,080,000
Goodwill on acquisition RM 114,341,000
Total RM 437,421,000
Market value of quoted shares in Malaysia; RM 998,535,000 (30/6/2019) RM 1,376,569,000 (30/6/2018)

TOTAL LIABILITIES: RM 506,107,000 with Total current assets RM 1,508,327,000
Is price for the entire Insas RM 0.75 x 663,006,342 under value, fair value or over value? I am happy to collect Insas every month.

QL net worth 2 billion produces yearly revenue of 4.23 billion and net-profit of about 250 million, a profit margin of 6%. With this type of revenue, how much working capital, borrowing, hard-work and clockwise planning required? Is price for the entire business 13,272 million fairly value?
Murphy’s Law: Whatever can go wrong will go wrong.
QL CEO Dr Chia work OT every Saturday and Sunday, run entire business, do the job of 6 men (planter, mall operator, fisherman, chicken & eggs farmer, retailer) as oppose to INSAS CEO Dato’ Wong holidaying in UK with family from 23th Jan 2019 to 10th Feb 2020.

Would you like to work your ass off like Dr Chia or work only 10% as hard as Dr Chia like Dato’ Wong?
By the way if you give out loan RM 259,993,000 and collect your interest monthly from lenders, may I ask from your collected revenue how many % is the net profit?

I hope you understand what I mean instead of repeating same old tired story as though you are the only one know how to look inside out of a car before buying it.

Thank you
Your statement, “A business cannot generate more cash earnings than its revenue” is wrong because share of profit from associate companies and fair value gain of financial assets did not generate revenue but give you pure profit and dividend received is pure cash. Hope you learn something new today
05/03/2020 7:32 AM
Philip ( Dr. Fauci my Hero) This is why ql worth 13 billion and INSAS worth 400 million. Both have 2 billion in assets.
But one buys family Mart, boilermech, expands to Japan, Australia, Vietnam and Indonesia doubling revenue and profit.

The other sells roset at a loss. Tribecar lossess. Dome Cafe growth versus old Town coffee (frustrating). Melium group lossess. Vigcash losses sold. Biotech lossess.

If ceo continues to go on holiday they will not find another INARI.

Murphy's law is correct: those companies had already gone wrong, which is why for last 5 years share price has been languishing.

Yes I still like my superman family working hard for the company, no days off.

You can go on holiday.

>>>>>>>
QL CEO Dr Chia work OT every Saturday and Sunday, run entire business, do the job of 6 men (planter, mall operator, fisherman, chicken & eggs farmer, retailer) as oppose to INSAS CEO Dato’ Wong holidaying in UK with family from 23th Jan 2019 to 10th Feb 2020.
05/03/2020 7:59 AM
Sslee Hahaha Philip,
Imagine work only 10% as hard as Dr Chia can already growth Insas net –worth RM 823,482,000 (NTA: RM 1.1877) to RM 1,737,078,000 (NTA; RM 2.5053) from 2010-2019. What will happen if work 30% as hard as Dr. Chia?

New CEO Dato’ Wong streamline INSAS business units
1. The Group runs car rental businesses in Malaysia and Singapore. The car rental business in Singapore has become very challenging in recent years following the merger of Grab and Uber. The disposal is a rationalisation exercise of the car rental division by selling the Singapore car rental businesses back to the original founder and principal director, and the Company will re-acquire 100% ownership of the car rental businesses in Malaysia
2. Insas is an investor owing 49.6%sharein Numoni. Numoni is in the process of disposing a major subsidiary and upon completion, Numoni intends to wind down gradually and return surplus funds to its shareholders. INSAS continues to see Fintech as an important sector to invest into for the future. Most likely, Insas or a related company will acquire the remaining of Numoni’s IT related assets to position for the next Fintech wave.
3. Melium has taken many steps to turnaround its fashion and F&B businessunits for FY2020 including expansion of 3 fashion retail outlets (include MCM store in Pavilion & KLCC), 1 food & beverage outlet and closing down 2 loss making units
4. For the last few years, Insas Technology sets a nominal annual target of about RM20 million in volume for this form of trading. So far Insas Technology has not incurred any losses on this business due to careful trading. Based on our assessment, RM20 million is the annual revenue which the trading business can be conducted profitably and safely
5. DGSB is carrying out a rationalization exercise which includes the disposal of a substantial subsidiary in Thailand and has started investment in food technology based businesses in Malaysia.
6. https://www.theedgemarkets.com/article/huawei-appoints-omesti-authorised-system-integration-partner
Omesti Group of Malaysia has been appointed by Huawei Technologies Co. Ltd. as Authorised System Integration Partner for its Business Support Systems (BSS), which is designed for application with customer relationship management (CRM) and billing activities, primarily in the telecommunications sector

Executive Director Dato’ Dr. Tan (a Masters and PhD in Engineering Science in 1981 and 1983 respectively from Harvard University, USA) Dato’ Dr. Tan has more than 30 years’ experience in the global IT and related high technology industries. He joined Insas Berhad in 1997 where he currently heads the Technology Division is task driven in growing INSAS Technology Division future growth in E&E, ICT, Fin-Tech, Biotech and Food-Tech.

Thank you
05/03/2020 8:59 AM
Philip ( Dr. Fauci my Hero) I think good luck to you la. You have fallen in love with your stock, which is the worse thing for investors. You no longer see the business for what it is off loading, rationalization, downsizing. Whatever others say you will still hug your INSAS to sleep. Good luck to you.

Your stock does not know you love it.
05/03/2020 1:01 PM
qqq33333333 2% fatality rate, 80% recovery rate . The other 18% neither dead nor recovered...................18% zombies?
05/03/2020 1:36 PM
Sslee Hahahaha qqq3,
I love my beloved Malaysia but my beloved Malaysia does not know I love her. So what should I do?
05/03/2020 1:56 PM
qqq33333333 sslee

this is politics before principles era............the right thing to do is self preservation..............every thing else is hypocrites.............
05/03/2020 2:18 PM
qqq33333333 Indonesia..............by 2050, the fourth largest economy in the world is Indonesia...................................
05/03/2020 2:20 PM
mf Dow set to drop more than 200 points at the open following Wednesday’s surge
05/03/2020 2:23 PM
qqq33333333 sslee

if u want to feel / see what patriotism, love your country, sacfrifice for the greater good, united, positive, happy, grateful, optimistic, help each other looks like...............go to China. There is no other place on earth showing more of such attitudes...........
05/03/2020 2:28 PM
Outliar Oh man, -19 cents for Ron95 and -21 cents for Ron 97, next QR GG?
06/03/2020 6:04 PM
ivanlau new government will press down the oil price in order to gain back support. But kasihan the petronm & hengyuan , both will be the victim in this game. petronm c u below 4 .....
06/03/2020 9:05 PM
Choivo Capital When Phillip is being civil. I find myself agreeing with him.

One of the hardest things I've ever learnt is buy earnings, not nta. I'm not a liquidator.

All my nta co's are the one's I find most irritated by right now. When petronm drops, I smile abit while being a little angry that my position is so big, that I don't feel comfortable buying more.

When plenitude falls. I just feel irritated. Because I don't feel like buying more.
06/03/2020 11:21 PM
Icon8888 What happen ? Crack spread decline ?
07/03/2020 10:51 AM
mf https://www.bharian.com.my/dunia/amerika/2020/03/662775/kapal-terkandas-di-perairan-21-positif-covid-19
07/03/2020 10:54 AM
stockraider If u buy into earnings like Petron....anytime it can disappear loh....with current big fall in crude price....Petron will be hit with a huge inventory impairment loh...!!

I think the key is invest base on margin of safety is the answer...not necessary just earnings loh....!!

posted by Choivo Capital > Mar 6, 2020 11:21 PM | Report Abuse

When Phillip is being civil. I find myself agreeing with him.

One of the hardest things I've ever learnt is buy earnings, not nta. I'm not a liquidator.

All my nta co's are the one's I find most irritated by right now. When petronm drops, I smile abit while being a little angry that my position is so big, that I don't feel comfortable buying more.

When plenitude falls. I just feel irritated. Because I don't feel like buying more.


Posted by Icon8888 > Mar 7, 2020 10:51 AM | Report Abuse

What happen ? Crack spread decline ?
07/03/2020 10:58 AM
Icon8888 Actually petron did very well in latest Q If not because of derivative losses of RM25 mil
07/03/2020 11:11 AM
stockraider it is coming q1 2020, petron will losses will be big bcos of sudden huge collapse in crude price mah...!!

Posted by Icon8888 > Mar 7, 2020 11:11 AM | Report Abuse

Actually petron did very well in latest Q If not because of derivative losses of RM25 mil

Posted by stockraider > Mar 7, 2020 10:58 AM | Report Abuse X

If u buy into earnings like Petron....anytime it can disappear loh....with current big fall in crude price....Petron will be hit with a huge inventory impairment loh...!!

I think the key is invest base on margin of safety is the answer...not necessary just earnings loh....!!

posted by Choivo Capital > Mar 6, 2020 11:21 PM | Report Abuse

When Phillip is being civil. I find myself agreeing with him.

One of the hardest things I've ever learnt is buy earnings, not nta. I'm not a liquidator.

All my nta co's are the one's I find most irritated by right now. When petronm drops, I smile abit while being a little angry that my position is so big, that I don't feel comfortable buying more.

When plenitude falls. I just feel irritated. Because I don't feel like buying more.

Posted by Icon8888 > Mar 7, 2020 10:51 AM | Report Abuse

What happen ? Crack spread decline ?
07/03/2020 11:14 AM
Icon8888 350 buy buy buy
07/03/2020 11:39 AM
mf Oil plunges 10% for worst day in more than 5 years after OPEC+ fails to agree on a massive...
07/03/2020 12:16 PM
EatCoconutCanWin political+crude tumble= disaster..TP1.00
09/03/2020 8:34 AM
ankahill This time when give dividen? :<[
09/03/2020 4:08 PM
gsi723 if oil to remain steadily low... refinery will be Ok. (after the initial sharp drop)
13/03/2020 7:28 AM
sheldon agreed with gsi723.

1st Qtr results however will be a mixture of puss, shit & vomit.
13/03/2020 11:50 AM
13/03/2020 12:46 PM
mf Sophie Gregoire Trudeau, isteri Perdana Menteri Kanada, Justin Trudeau, disahkan dijangkiti penyakit #COVID-19, memetik kenyataan Pejabat Perdana Menteri.

Bagaimanapun, setakat ini Trudeau tidak menunjukkan sebarang gejala yang berkaitan dengan penyakit itu.
13/03/2020 12:49 PM
mf Stock futures drop — hit ‘limit down’ — even as Fed slashes rates; Dow futures off 1,000 points
16/03/2020 1:37 PM
Junichiro That's is why rate cut is not everything. Fed has lost all its bullets by doing so being pressured by Dotart. What now? Dow set to fly ? I think the worst is yet to come.
16/03/2020 2:40 PM
skyea https://www.thestar.com.my/news/nation/2020/03/16/explosion-at-petrol-refining-complex-in-johor-leaves-four-dead-one-missing
16/03/2020 2:59 PM
boy2ts insurance claiming?
18/03/2020 10:35 AM
Alex™ small fire only. i tot europe plant fire. if yes, can buy hrc
18/03/2020 3:43 PM
Johnng8882020 Oil price drop to 23usd. Petron can make money or loss more since Malaysia is using fix price. Anyone can answer my question?? Tq
19/03/2020 12:18 AM
sheldon Due to the sharp drop in crude, Petron may incur negative crack spreads because it bought high but have to sell the processed stuff low. E.g. RON 95 down from 2.08 to 1.89 to 1.82.

Likewise for jet fuel. In addition, travel ban means lower demand for petrol/diesel (although many M'sians have chosen to ignore it).
19/03/2020 5:44 AM
mikeazk I agree on demand drop which will impact profit. But the pump price margin is fixed by gomen. If low price like now, oil co still need to pay duty but if oil price high then gomen subsidy. On negative spread, i think its cyclical, now they buy cheap crude, once mops increase back, they will get back much better spread to compensate losses during the price drop.
19/03/2020 3:13 PM
Cakes Moon RM2.50 too cheap to be true. Sailang.
19/03/2020 11:01 PM
KAQ4468 2.50 Cheap mehhhh?
19/03/2020 11:19 PM
onlyhuat888 quarantine time now nobody outside petrol station earning drop lo...
22/03/2020 5:35 PM
James Ng https://klse.i3investor.com/blogs/general/2020-03-23-story-h1485605733.jsp
[转贴] [PETRON MALAYSIA REFINING & MARKETING BHD:原油和制成品之间的价差缩小] - James的股票投资James Share Investing
23/03/2020 9:11 AM
johnbrooks Not going to be a good year for any refinery in Asia especially. Now they are losing money with every barrel they produce (refer to article below). Just be prepared for a bad quarter in 1H20.

https://www.theedgemarkets.com/article/asian-refiners-profits-transpor...
31/03/2020 12:27 AM

APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
View candlestick stock charts with Technical indicators
MQ Affiliate
Be rewarded by being an MQ Affiliate
 

420  300  398  892 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 MLAB 0.0150.00 
 CAREPLS 0.265+0.04 
 SAPNRG 0.0750.00 
 VC 0.05+0.02 
 HSI-H8M 0.69+0.03 
 ARMADA 0.13-0.005 
 HSI-C9J 0.17-0.035 
 SANICHI 0.05+0.005 
 EKOVEST 0.37-0.01 
 HIBISCS 0.315-0.01 

FEATURED POSTS

1. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!
2. MQ Affiliate – A smarter way to earn more rewards MQ Trader Affiliate Program
3. MQ Affiliate – How to become an effective affiliate MQ Trader Affiliate Program
4. MQ Affiliate – Upgrading to Affiliate Partner MQ Trader Affiliate Program
Partners & Brokers