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In our Market Overview for 2018, we mentioned that we are bullish on 3 sectors: Finance, Infrastructure and O&G.

For O&G, without going too deep into the Up/Mid/Down stream distinction, we would like to share with all why we like Petron Malaysia Refining & Marketing Bhd (PETRON 3042).

Here’s what we found out about the company:

Key Findings:

Executive Summary for PETRON (3042)

 

Business Overview Petron Malaysia Refining & Marketing Bhd (“Petron Malaysia” or the “Company”) is engaged in the manufacturing and marketing of petroleum products in MalaysiaIt operates Petron Port Dickson Refinery, which has a capacity of approximately 88,000 barrels per day, and over 590 service stations across the nation
Profitability Revenue has achieved 4 consecutive of strong growth after 9 quarters of negative YoY growthProfitability in terms of margins have been in an uptrend momentum even during the negative revenue growth quarters, and have demonstrate even stronger results during the recent 4 quarters when revenue growth is robust
Working CapitalManagement Petron Malaysia has been increasingly efficient in managing its receivables and payables in recent quarters, resulting in an impressive cash conversion cycle of approximately 5 days only
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