Shell Malaysia's 4Q net profit swells 115%
KUALA LUMPUR (Feb 28): Shell Refining Company (Federation of Malaya) Bhd posted a 115% rise in net profit to RM207.8 million for the fourth quarter ended Dec 31, 2016 (4QFY16), from RM96.5 million a year earlier, due mainly to the gradual recovery of the prices of crude oil and other products.
Revenue grew 7.4% to RM2.53 billion from RM2.36 billion in 4QFY15, the group said in a filing to Bursa Malaysia.
Shell said its full year net profit dipped 4.7% to RM335.3 million from RM351.8 million in FY15 as the gross profit margins were offset by a higher depreciation cost.
Revenue for FY16 dropped 7.9% to RM8.37 billion from RM9.08 billion in FY15 due mainly to lower product prices, which are driven by market forces.
On prospects, the group said refinery margins are expected to remain uncertain.
"Operational efficiency, product quality and financial risk management will continue to remain the company's key focus in maximising margin opportunities for FY17," it said.
At 3.50pm, Shell rose 60 sen or 18.58% to RM3.83, for a market capitalisation of RM1.13 billion.
大马蚬壳末季净利飙升115%
By Anette Appaduray / theedgemarkets.com | February 28, 2017 （吉隆坡28日讯）大马蚬壳（Shell Refining Company (Federation of Malaya) Bhd）第四季净利飙升115%，主要因为原油和其他产品价格逐步回升。
截至去年12月杪末季净利升至2亿780万令吉，上财年同期为9650万令吉；营业额从23亿6000万令吉，增7.4%至25亿3000万令吉。
蚬壳指出，全年净利跌4.7%至3亿3530万令吉，2015财年为3亿5180万令吉，因盈利赚幅被更高的折旧成本所抵销。
2016财年营业额由90亿8000万令吉，跌7.9%至83亿7000万令吉，主要是产品价格受市场驱动走低。
展望未来，该集团表示，炼油赚幅依旧不确定。
“营运效率、产品质量和财务风险管理将继续是公司2017财年最大化赚幅的关键重点。”
闭市时，蚬壳上涨59仙或18.27%，收报3.82令吉，市值达11亿3000万令吉。
@
--位于波德申的炼油厂每日生产156,000桶，壳牌是马来西亚领先的零售燃料和润滑油供应 商，它在下游业务具竞争力。
--中国山东恒源石油集团接管波德申蚬壳炼油厂后，投入资源提升炼油设备来满足市场需求，这该是同业者重振雄风的时刻。
--Malikai深海油田2017年可投產，並在未來25年合約期內帶來貢獻。Malikai深海油田每年產量峰值將達到日產6萬桶石油及大約140萬立方米的天然氣，蜆殼（經營者）持有合約35%權益。
--国际油价回升至56美元，下半年估计可至65美元,会提升ＳＲＣ的赚副，因此公司下来将恢复净利。
--公司于31-12-2016 的库存有8,25亿零吉, 债务为14亿.现金有3,55亿, 累计净利有7,1亿
--Shell @守久丰衣足食，现油价己呈净利，当油价到65元或更高时，净利更佳，中资为公司強大后盾，
提供技术与资金，中方与我国关系密切，中国势力的提升，一帶一路，看好这公司的前景，未耒重回8元以上也不足为奇。
--Shell 现价位rm3.80只是 pe=3.24倍在交易(2016年EPs=117sen )，与petronm 的 pe=7倍在交易，
明显被低估了，差于shell 少了派息，但隨着中方入股后，派息将会恢复，往日的荣景再现指日可待。
-http://www.shell.com.my/
---个人观点：2016 Eps=117 sen,pe=5,stock price=rm5.85
只供参考,投资自负.
Daily technical highlights ( SHELL)
Author: kiasutrader | Publish date: Wed, 1 Mar 2017
SHELL (Not Rated). SHELL rose surged 59.0 sen (18.27%) to close at RM3.82 on the back of strong volume yesterday. The strong price action has resulted in SHELL staging a breakout from its uptrend channel resistance level of RM3.50 (S1), and looking to test its immediate resistance line of RM3.96 (R1). Technical readings are looking encouraging with the MACD setting a higher high on its bullish convergence, while a hook-up in daily RSI is depicting pilling bulls on the stock. If SHELL manage to swiftly take out its immediate R1 level, the stock could set sights at RM4.41 (R2) next. Meanwhile, failure to capture the R1 level would see the stock consolidating where supports are found at RM3.50 (R1)/RM3.00.
Source: Kenanga Research - 1 Mar 2017
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