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Since its acquisition by Petron Corp of Philippines, Petron Malaysia is no longer in the refining business per se. Rather today it is a petroleum retailing company with an in-house refinery. Its future is tied more to the fuel retailing sector in Malaysia than the refining sector. Is there a future in petroleum vehicles. I think it will probably be decades before electric cars become commonplace. So in the interim, there will still be a need for petrol stations. Those strong marketing companies will still do well. I think Petron Malaysia is one of them. But this is a stock for those with holding-power. So at the current price is Petron Malaysia a value trap? I don't think so. There are several fundamental analysis available online. Check them to verify my view.
A value trap is a company that appears to be cheap at first sight eg compared to its previous price. But in reality, it is cheap for a reason eg the fundamentals show that it has poor prospects. My analysis shows that Petron Malaysia is not a value trap