Petronas Dagangan Petdag (5681) AGM 2021 - Annual General Meeting ⛽

 

Petronas Dagangan (PetDag) the retail arm of Malaysia oil giant Petronas held their AGM in April. Most people will know Petronas Dagangan as Mesra stores, Petronas Petrol Stations.

Revenue and volumes have been increasing at a healthy pace. PetDag has a lot of collaboration with Tealive, Subway, KFC and Dunkin donuts. For few years PetDag has been attempting to diversify its retail earnings to not rely totally on petrol retailing.


A lot of futurist predict the end of petrol station (gas stations) with the advent of electric cars (Tesla, NIO, XPeng) but personally I don't agree with that opinion as Malaysia is a net oil producer and it average income level is not high enough for the generation population to go on electric vehicles yet. 

Shareholders who attended Petronas Dagangan virtual AGM were given RM50 credits via evouchers loaded into their Petronas Setel App. So far, all Petronas group of companies (Petronas Gas, Petronas Dagangan, Petronas Chemicals) listed on Bursa have given out Setel App e-vouchers.

I previously blogged about Petronas Dagangan's physical AGM here (pre-covid days) : 

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If you haven't signed up for Petronas Setel app yet, use my referral code wv6n to upon sign up via mobile app (download from App store, Play store, Huawei appgallery) and get RM5 after refueling using the app (RM20 minimum). Petronas Setel app is used to purchase petrol at Petronas stations, no need to touch the petrol attendant machine. The Petronas Setel app now goes beyond purchasing petrol/fuel, it can be used to buy merchandise at Petronas Mesra shops (the shops in Petronas Stations).