Posted by HafizAjiad98 > 1 month ago | Report Abuse

High EPS, Low PE & High NTA = Syarikat Mantap?

Posted by HafizAjiad98 > 1 month ago | Report Abuse

Tunggu Petronm mengumumkan q2 yg cemerlang selepas pilihanraya 😁

Posted by sheldon > 1 month ago | Report Abuse

A nice little family tree is growing on the board. Chairman/Exec Director's daughter at 37 is promoted from Asst VP to Exec Director! A very very fast track indeed. She must be awesome.

Posted by pang72 > 1 month ago | Report Abuse

Sslee profit calculation belum posted here... How come drop hur?

Posted by sheldon > 1 month ago | Report Abuse

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

Posted by pang72 > 1 month ago | Report Abuse

You need to ask sslee

Posted by pang72 > 1 month ago | Report Abuse

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

Posted by pang72 > 1 month ago | Report Abuse

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

Posted by Sslee > 1 month ago | Report Abuse

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 Group’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

Posted by pang72 > 1 month ago | Report Abuse

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

Posted by pang72 > 1 month ago | Report Abuse

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

Posted by Sslee > 1 month ago | Report Abuse

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

Posted by dompeilee > 1 month ago | Report Abuse

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!

Posted by dompeilee > 1 month ago | Report Abuse

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

Posted by Sslee > 1 month 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.

Posted by Sslee > 1 month 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+

Posted by i3lurker > 1 month ago | Report Abuse

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

Posted by Zhuge_Liang > 1 month ago | Report Abuse

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

Posted by Sslee > 1 month ago | Report Abuse

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.

Posted by stockraider > 1 month ago | Report Abuse

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+

Posted by subwayzzz > 1 month ago | Report Abuse

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

Posted by i3lurker > 1 month ago | Report Abuse

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. 😁


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

Posted by Sslee > 1 month ago | Report Abuse

At least I have some idea on glove and Petrol Chemical than "buy what you understand"👌

Posted by subwayzzz > 1 month ago | Report Abuse

investing in pmetal would generate better return than petronm

Posted by sheldon > 1 month ago | Report Abuse

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

Posted by investor_lauzy > 1 month ago | Report Abuse

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

Posted by i3lurker > 1 month ago | Report Abuse

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"👌

1 hour ago

Posted by HafizAjiad98 > 1 month ago | Report Abuse

Makna Petronm punya q2 akan lebih buruk drpd q1?

Posted by Sslee > 1 month ago | Report Abuse

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

Posted by dompeilee > 1 month ago | Report Abuse

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...⛽

Posted by sheldon > 1 month ago | Report Abuse

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.

Posted by HafizAjiad98 > 1 month ago | Report Abuse

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

Posted by HafizAjiad98 > 1 month ago | Report Abuse

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

Posted by HafizAjiad98 > 4 weeks ago | Report Abuse

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

Posted by investor_lauzy > 4 weeks ago | Report Abuse

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

Posted by dompeilee > 4 weeks ago | Report Abuse

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!🤗

Posted by HafizAjiad98 > 4 weeks ago | Report Abuse

blh tahan. Masih ade profit pd q2

Posted by HafizAjiad98 > 3 weeks ago | Report Abuse

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

Posted by SincereStock > 3 weeks ago | Report Abuse

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

Posted by dompeilee > 2 weeks ago | Report Abuse

In paper profit once again!On top of all the capital gains & dividends! 🤗

Posted by NorAfan > 2 weeks ago | Report Abuse

crack spread naik lagi?

Posted by subwayzzz > 2 weeks ago | Report Abuse

njhl

Posted by NorAfan > 2 weeks ago | Report Abuse

ape njhl?

Posted by sheldon > 2 weeks ago | Report Abuse

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.

Posted by NorAfan > 2 weeks ago | Report Abuse

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

Posted by subwayzzz > 3 days ago | Report Abuse

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

Posted by NorAfan > 1 day ago | Report Abuse

Makna Harga petrol akan naik kerana subsidi yg terhad and bersasar

Posted by speakup > 1 day ago | Report Abuse

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

Posted by subwayzzz > 1 day ago | Report Abuse

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

Posted by NorAfan > 1 day ago | Report Abuse

Inflasi akan naik lagi di Malaysia