$PETDAG (5681.MY)$  All i see everywhere their fuel stations...

我要财富自由 : which location?

Feizal OP 我要财富自由 : They have 1100 stations - from my neighbourhood cyberjaya and putrajaya about 6 stations- all of them are huge stations and packed to the brim especially early and after working hours

我要财富自由 Feizal OP : their convenience store like mesta cafe only contribute less than 10 percent of revenue. hopefully the trading of natural gas, aviation fuel can contribute more to their upcoming quarter report

Jackson Wang : That’s why no afraid keep buying

Feizal OP 我要财富自由 : On average the stations pulled in RM400k a month.. that is not a small money by any measure and the biggest contribution to the profit margin is from the product convenience stores. Margin on fuel is not much but they have massive volume sold. Jet fuel moving towards sustainable jet fuel but it is pricier than standard jet fuel which is still their bread and butter. They also started to open Petronas station in Brazil on franchise basis… what a wonderful development! I like to see more of them sprouting all over South America continents - Brazil and Argentina especially. The CEO is doing something right. They also converting their stations located at the highway to equip with electric charger also to get some money too

我要财富自由 : oh wow, very insightful sharing. thanks. I thought I can sell it after the share goes back to historical average pb and pe.
seems like maybe can hold it longer for the expansion plan on South America?

Feizal OP 我要财富自由 : Jackson Wang said no afraid to keep on buying .. i tend to agree with him on this context