{"id":330268,"date":"2024-11-07T00:32:01","date_gmt":"2024-11-06T16:32:01","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=330268"},"modified":"2024-11-07T00:32:03","modified_gmt":"2024-11-06T16:32:03","slug":"trade-the-news-pcor-faces-profit-pressure-with-weak-chinese-demand-and-middle-east-tensions","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-pcor-faces-profit-pressure-with-weak-chinese-demand-and-middle-east-tensions\/","title":{"rendered":"Trade the News: PCOR faces profit pressure with weak Chinese demand and Middle East tensions"},"content":{"rendered":"\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><strong>Potential Impact of this News<\/strong><\/td><td><strong>NEGATIVE on the stock price<\/strong><\/td><\/tr><tr><td><strong>Company<\/strong><\/td><td>Petron Corp.<\/td><\/tr><tr><td><strong>Stock Code<\/strong><\/td><td>PCOR<\/td><\/tr><tr><td><strong>Long-term Recommendation on the Stock<\/strong><\/td><td>Buy<\/td><\/tr><tr><td><strong>1-Year Target Price<\/strong><\/td><td>PHP 4.13<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Petron Corp. (PCOR) posted a 12-percent rise in consolidated revenue to P657.93 billion, driven by a 12-percent increase in sales volume to 104.4 million barrels. Operating income, meanwhile, reached P22.3 billion, down from P27 billion last year, impacted by lower refining margins, the company said in a stock exchange filing on Tuesday.<\/p>\n\n\n\n<p>Net income for the nine-month period declined to P7.1 billion from P9.5 billion, as gains in marketing were offset by industry margin pressures.<\/p>\n\n\n\n<p>The international oil market remains volatile, with weak Chinese demand and Middle East tensions driving Dubai crude to an average of $82 per barrel for the first nine months, while refining margins dropped nearly 30 percent year-on-year, pressuring Petron\u2019s profitability.<\/p>\n\n\n\n<p><em>(News Source: <a href=\"https:\/\/insiderph.com\/petron-sees-12-revenue-jump-in-1st-9-months-faces-profit-pressures-amid-market-volatility\">Insider PH<\/a>)<\/em><\/p>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p style=\"font-size:16px\"><em><em><em>This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about <a href=\"https:\/\/www.pinoyinvestor.com\/smartinvestor\/our-partner-brokers\/\">our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-330268","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330268","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=330268"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330268\/revisions"}],"predecessor-version":[{"id":330270,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330268\/revisions\/330270"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=330268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=330268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=330268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}