You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!

Last Price

4.56

Today's Change

-0.02 (0.44%)

Day's Change

4.55 - 4.58

Trading Volume

115,600


10 people like this.

19,219 comment(s). Last comment by alyson97 6 days ago

NorAfan

127 posts

Posted by NorAfan > 2023-10-02 11:13 | Report Abuse

Haha, won't affect 2%. Cara utk menenangkan hati penduduk mrk

sheldon

1,378 posts

Posted by sheldon > 2023-10-05 05:05 | Report Abuse

Subsidi bersasar is not good for Petron as it'll mean less consumption/demand of petrol and less sales at the pump. Don't know how it'll be operationalised.

This dumb management should realise that it should start to pay a lot more dividends. Why? 2 reasons - because it can afford to and to make up for the poor share price performance.

SincereStock

1,977 posts

Posted by SincereStock > 2023-10-05 09:59 | Report Abuse

sold all at Rm4.50 (average cost was RM4.495, loss the broker fee + stamp duties), decided to quit this counter as this might be a sunset business with gov strongly pushing for EV and EV will rise in foreseeable future.

I think automobile counters like MBMR, UMW & SIME might still survive by venturing into EV manufacturing itself, but petroleum sales will goes down in future and EV charging business hardly a profitable substitutes business for pertol station as EV charging can be done else where like shopping mall and especially at home.

please correct me if I am wrong

sheldon

1,378 posts

Posted by sheldon > 2023-10-05 10:26 | Report Abuse

It'll take sometime before the full impact of EV kicks in. If Petron is impacted, so will PetDag. The Gov maybe shooting itself on the foot with this EV move. The old batteries will present an environmental headache.

In the meantime I hope this paid Board/Management is anticipating the impact and taking steps to adapt to the realities. Are they planning to continue to proudly announce the number of stations they're opening annually? Do they have something up their sleeves as to how to make money the network of stations?

Maybe with the high NTA with a lot not reflecting the current market value, the devious ones may just keep the prices low & then peanuts over and above to takeover/privatise the company (Like what Canone did to Kian Joo).

SincereStock

1,977 posts

Posted by SincereStock > 2023-10-05 11:03 | Report Abuse

so it is just matter of time regardless, market usually react faster preemptively

indeed PETRONM is so much safer with NTA protection as compared to PETDAG, but I think takeover / privatise might not be that much viable if the business is going down sunset as it's assets, which mostly petrol stations, vehicles and facilities won't worth that much as book value since the business not going to be profitable anymore.

PETDAG high price above NTA is a lot danger seriously but gov under Anwar will care less about PETRONM I think if you know why haha

sheldon

1,378 posts

Posted by sheldon > 2023-10-06 04:14 | Report Abuse

With almost double NTA over share price perhaps a takeover with asset-stripping in mind

SincereStock

1,977 posts

Posted by SincereStock > 2023-10-06 10:19 | Report Abuse

only double NTA as in assets' book value, total equity of 2.29m made up by 2.08m of properties, plant, equipments and investment properties.

I wonder how much those assets can be sold to real cash when petrol stations business is in sunset mode

Posted by HafizAjiad98 > 2023-10-11 08:47 | Report Abuse

PE hanya kira-kira 8x saja, masih murah

Posted by HafizAjiad98 > 2023-10-12 17:41 | Report Abuse

tengok sama ada kerajaan akan menghentikan subsidi utk petrol RON 95 atau tidak besok...

Posted by HafizAjiad98 > 2023-10-16 09:07 | Report Abuse

Ya..naik sikit semasa buka pasaran

Posted by Azam Sahlan > 2023-10-23 13:32 | Report Abuse

anyone knows the relationship between oil price vs petrons profit?

TakeProfits

1,229 posts

Posted by TakeProfits > 2023-11-02 18:24 | Report Abuse

Dear SSLee, how do you rate Petron at this moment in time as an investment.?
Thank you. Need Your astute analysis comment.

Zhuge_Liang

2,253 posts

Posted by Zhuge_Liang > 2023-11-14 10:09 | Report Abuse

Sslee,
Please give your Q3 Sept 2023 result after Petronm Philippine announced Q3 result.
Your forecast is always very accurate.
Tq.

Sslee

4,149 posts

Posted by Sslee > 2023-11-14 10:38 | Report Abuse

Sorry I just saw the comment in petronm.
From Petron corp news

Consolidated revenues for the first nine months stood at P587.3 billion albeit lower than the previous year’s P631.1 billion as prices corrected from their extraordinarily elevated levels last year due to the Russia-Ukraine conflict. While international prices started to rise again in the third quarter, the YTD September average of benchmark Dubai crude closed at almost $82 per barrel, still down 18 % from the same period in 2022.

Despite recording lower revenues, the Group’s operating income rose by 64%, reaching P27 billion from 2022’s P16.5 billion driven largely by the strong volume growth. This improvement allowed the company to absorb the more than 50% increase in financing cost, ending the nine-month period with a consolidated net income of P9.5 billion, 16% higher than last year’s P8.2 billion.

Sslee

4,149 posts

Posted by Sslee > 2023-11-14 10:42 | Report Abuse

Should be good quarter 3 for petronm. When petron corp release it Q3 financial report in next few days then from petron corp Q3 net profit after tax attributed to non controlling shareholders you can work out what is Q3 net profit after tax for Petronm

Sslee

4,149 posts

Posted by Sslee > 2023-11-14 10:45 | Report Abuse

Petron corp hold 73.4% of Petronm

Sslee

4,149 posts

Posted by Sslee > 2023-11-14 10:49 | Report Abuse

I trade on petronm. I bought for dividend and after dividend I sold most of my petronm.

Zhuge_Liang

2,253 posts

Posted by Zhuge_Liang > 2023-11-14 10:52 | Report Abuse

Sslee,
Thank you for your comments and good news.

Please give your Q3 Sept 2023 result after Petronm Philippine announced Q3 result.

Posted by MagicalBobby > 2023-11-14 10:53 |

Post removed.Why?

newbird33

164 posts

Posted by newbird33 > 2023-11-14 14:50 | Report Abuse

0.30

Diamond7

2,150 posts

Posted by Diamond7 > 2023-11-14 16:24 | Report Abuse

Vow!
Petronm moving up up up..
Must be excellent quarterly report coming!

Give la bonus!

Diamond7

2,150 posts

Posted by Diamond7 > 2023-11-14 16:25 | Report Abuse

Or a very special dividend!

dompeilee

11,888 posts

Posted by dompeilee > 2023-11-14 17:15 | Report Abuse

Luckily I retained 2 biji unlike some ppl who profess to be value investors but are just price gamblers 🤣

sheldon

1,378 posts

Posted by sheldon > 2023-11-14 20:54 | Report Abuse

Don't get too excited. They could be playing on your anticipation of a good quarterly to pump and dump.

Sslee

4,149 posts

Posted by Sslee > 2023-11-15 07:50 | Report Abuse

Petron corp q3 end 30/9/23 result out:
Peso million
Net income: 3,366
Attributable to:
Equity holders of parent company: 3,102
Non contrlling interest: 264

Since Petron corp hold 73.4% Petronm hence
Petronm income = Peso 264/0.266 =992.48 million
AT 30/9/23 1 RM =12.07 Peso
Q3 net profit= RM992.48/12.07= RM 82.227 million

Dehcomic01

286 posts

Posted by Dehcomic01 > 2023-11-20 08:07 | Report Abuse

In my latest blog article, I covered Petron Malaysia ( https://www.youtube.com/watch?v=YrMdgjFHHaU ) and showed that it is not a value trap. My investment thesis can be summarized as
• As of 30 Oct 2023, Petron Malaysia was trading at about half of its Asset Value and EPV. With the Asset Value about the same as the EPV, I have great confidence in the margin of safety.

• The Group suffered due to the measures taken to control Covid-19. With this behind us, it should deliver better profitability. However, this was impacted by high crude oil prices.

• The Group is financially sound and while there is the threat of the disruption of the petrol station business model, it is not imminent

A comparison between the past decade ROE and share price trend showed a discrepancy. You can see that the market price has yet to reflect the improved ROE. Is this an investment opportunity?
https://i.postimg.cc/5tR4njp0/Petron-M.png

Posted by investor_lauzy > 2023-11-20 12:49 | Report Abuse

Or perhaps the market sentiment for PETRONM is not good due to all the buzz ard EV and sustainability?

sheldon

1,378 posts

Posted by sheldon > 2023-11-20 22:00 | Report Abuse

TQ Sslee

sheldon

1,378 posts

Posted by sheldon > 2023-11-20 22:16 | Report Abuse

Noted TQ also to Dehcomic01

Sslee

4,149 posts

Posted by Sslee > 2023-11-23 17:57 | Report Abuse

Petronm Q3 EPS is 30.33 sen and price RM 4.64
Petdag Q3 EPS is 18.60 sen and price RM 22.86

up2up

93 posts

Posted by up2up > 2023-11-23 19:15 | Report Abuse

This type of pricing valuation senario only can happen in Malaysia🤣

StingRay

6,731 posts

Posted by StingRay > 2023-11-23 19:19 | Report Abuse

Malaysia investors invest based on emotion and not facts lah. 🤣

TakeProfits

1,229 posts

Posted by TakeProfits > 2023-11-24 13:50 | Report Abuse

Happy to see these few days peyron share price up a bit. Wah now is 4.63...
Real vely funny..
Petron EPs higher than petdg and Peyton no of shares may be lesser than petdg, but Petrons share price is so much lower. And IB dunno how they analyse that Petron price tgt is so low one.
Haiz.
Sslee, please do more for Petrons share price !!

TakeProfits

1,229 posts

Posted by TakeProfits > 2023-11-24 13:51 | Report Abuse

Dompilee, you mean 2 biji shares of Petron you retain.
2 biji is 2 shares or 100 X 2 oony arh...
Soo little

TakeProfits

1,229 posts

Posted by TakeProfits > 2023-11-24 13:55 | Report Abuse

Why Petrons share price is so low is mindboggling compared to Petdg!!
Sumting not right !!!

sheldon

1,378 posts

Posted by sheldon > 2023-11-24 14:03 | Report Abuse

Sslee - you're spot on again on Petron's income (give or take a few dollars)!

Yes investors don't appreciate Petron which is why I advocate payment of large dividends

dompeilee

11,888 posts

Posted by dompeilee > 2023-11-25 09:14 | Report Abuse

That's why I hold minimal stake as often as possible, even in the most well-run & solid companies, coz M'sians in general & Bursa are KOYAK when it comes to their reliability in generating daily income for me. Sold down to ZERO KLK several weeks back & only odd lots of PPB above $16 some months ago, & yes I only have 200 Petron left[costing me $4.58 btw], which on hindsight proved right for me since most of my sales were above $5 in '22 & '23. Pity the friend who lost his bet with me on the direction of the shr price by 9 cents & then illogically bought back what he sold 20 cents cheaper just b4 the dividend( I suspect so that the dividend would pay for the treat he was forced to give me) & is now stuck @ $4.93 until dunno when...😆 A stock that earned 30 cents last qtr only went up 3 cents on the news...the faithless & the poor cannot initiate a bull market!

Posted by daretocutandchange > 2023-11-25 11:43 | Report Abuse

don't care so much ,as long as dividend yeild have 5% ,pe low and must be patient.some times nobody know ?

sheldon

1,378 posts

Posted by sheldon > 2023-12-01 04:19 | Report Abuse

I'm losing RM2 per share as my average inventory of Petron shares = 6.64. But so far I'm not losing sleep over it.

My loss does not consider the considerable amount of dividends received over the years. Also the prospect of possible future capital gains is giving me the excitement of living.

sheldon

1,378 posts

Posted by sheldon > 2 months ago | Report Abuse

Out of boredom with the market, I bought some shares at 4.53.

i3lurker

13,418 posts

Posted by i3lurker > 2 months ago | Report Abuse

If you had been to a Petron petrol station recently, you will understand why the share price dropped RM2.00

sheldon

1,378 posts

Posted by sheldon > 2 months ago | Report Abuse

I noticed that my usual Petron station was shut for god-knows-what for more than a day! Is that what you're referring to?

1288Go

65 posts

Posted by 1288Go > 1 month ago | Report Abuse

Sheldon,
Thix Petron could do better. But really dunno what is management up yo..
Dividend only stable..
Share price hardly go up much when compared to other peer stocks as mentioned by SSLee..

1288Go

65 posts

Posted by 1288Go > 1 month ago | Report Abuse

Sheldon, you better off buying some of other stocks like Maybk, etc that pay you dividends and at same time potential for capital gains...
Petron becoming boring !!

sheldon

1,378 posts

Posted by sheldon > 1 week ago | Report Abuse

23 sen dividend is acceptable

Posted by Guideme84 > 1 week ago | Report Abuse

hopeless....

Jnlee

288 posts

Posted by Jnlee > 1 week ago | Report Abuse

apa jadi, give dividend also 👇

alyson97

20 posts

Posted by alyson97 > 6 days ago | Report Abuse

Useless stock..... always take weeks to creep up to lose it all in 1 day

Post a Comment
Market Buzz