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This 3rd quarter PetronM will break even or even report a loss. Although crack spread margins is at record level but PetronM not able to capitalize on it cause of its jetty collapsed issue. You will see this company gathering momentum comes 2027. Trading will be sideways until year end. Hengyuan is a different story which can go above 10rm with it's FY2026 Eps of 4rm
PetronM business model leh, rely heavily on refining margin and volatile crude price, so if you hold for long term, better watch out for their lumpy earnings and high capex requirements before putting your money in.
