PETRON CAN'T SAFEGUARD PETRON PRIVILEGE MILES CARD MEMBERS' BENEFITS

The Petron Malaysia Group is part of Petron Corporation in the Philippines.

Petron Corporation joined Malaysia’s dynamic and progressive oil industry with the acquisition of ExxonMobil’s downstream businesses in March 2012.

Petron Malaysia subsidiaries comprise of Petron Malaysia Refining & Marketing Bhd, a publicly-listed company listed on Bursa Malaysia, Petron Fuel International Sdn Bhd, and Petron Oil (M) Sdn Bhd.

Petron Malaysia is liked for its free cash flow

Since 2012 took over by Petron Philippines, Petron Malaysia generates positive free cash flow every year.

PetronM has massive borrowing since took over in 2012.

The borrowings at 2012 and 2014 as below:

(a) In April 2012, the Company entered into 5-year Working Capital Facility Agreement of RM900 million with Maybank Investment Bank Berhad (as the agent) for working capital requirements, payment of inter affiliate payables and the refinancing of the existing facilities and existing instruments then. Borrowings are normally settled within 30 to 60 days.

(b) In 2014, the Company entered into two 5-year Term Loan Facility Agreement of RM100 million each with Malayan Banking Berhad and CIMB Bank Berhad.

Total borrowings – 1,100,000, then

The borrowings at 30th September 2016 as below:

(a) Current

Revolving credit – unsecured RM205,000 mil

Long-term loan – unsecured  RM65,895 mil

Total – RM270,895 mil

(b)Non-current

Long-term loan – unsecured – RM108,520 mil

Total borrowings – RM379.415 mil, now

Total borrowings reduced by RM720.585 mil almost 65.5% in 4 years period. Every year repayment of borrowings about RM180.146 mil (divided equally by four), if we turn the repayment of borrowings to dividend of about 0.66 cents per share, dividend yield will be about 15%.

Will PetronM be able to repay all their borrowings by early 2018?

So What's Next!

If the company can generate so much cash...how about dividend? It is worth nothing that it is a foreign owned company … PETRON OIL & GAS INTERNATIONAL SDN BHD holds 198,179,063 units or 73.399%.

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发件人: Victor Lee <gorevictorlee@hotmail.com>
发送时间: 2017年1月27日 3:23
收件人: petroncare@petron.com.my; Victor Lee
主题: 7825058 009001 789861 LEE KWEE LIN

Dear sir

RE: Redemption of points by unknown person

I have make complaint on doubtful redemption of my petron points by unauthorised person on 24/12/2016

It is a very serious loophole on your securities in safeguarding user's benefit, i want a thorough investigation on 'stealing" of redemption points on my perton card, and who have redempt it and where it happened.

i will take all measures to make full complaint to authorities on this stealing of points if you can not give me an explaination.


As a loyal customer, i felt very angry on your system loophole and I want serious penalty on culprits involved.
Thanks.

Yours truly

Lee kwee Lin