KLSE: HENGYUAN (4324)       HENGYUAN REFINING CO BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
7.06   -0.07 (0.98%)  7.05 - 7.18  1,142,600
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Market Cap: 2,118 Million
NOSH: 300 Million
Avg Volume (4 weeks):1,554,350
4 Weeks Range:6.99 - 9.45
4 Weeks Price Volatility (%):
52 Weeks Range:4.86 - 19.20
52 Weeks Price Volatility (%):
Average Price Target:-

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2018 [#1]  |  21-May-2018
Next QR | Est. Ann. Date: 30-Jun-2018  |  25-Aug-2018
T4Q P/E | EY: 2.96  |  33.83%
T4Q DY | Payout %: 0.28%  |  0.84%
T4Q NAPS | P/NAPS: 5.9531  |  1.19
T4Q NP Margin | ROE: 6.12%  |  40.12%


Date Subject
25-May-2018 PublicInvest Research Headlines - 25 May 2018
23-May-2018 下跌股:恒源炼油RM6支撑
22-May-2018 Mplus Market Pulse - 22 May 2018
18-May-2018 下跌股:恒源炼油RM7.80支撑
01-May-2018 Hengyuan: Questions for upcoming 59th AGM (Revised)
18-Apr-2018 下跌股:恒源炼油RM8.23支撑
14-Apr-2018 HENGYUAN: Can Hengyuan pay better dividend?
13-Apr-2018 GE14: HENGYUAN, we make history: GE14 will we make history? A tribute to the late Karpal Singh.
12-Apr-2018 [转贴] HENGYUAN和PETRONM的旋风打回原形~~你得到了启示吗?- GreedOne
10-Apr-2018 Hengyuan - What Should I Do Next? Koon Yew Yin
10-Apr-2018 Daily Technical Highlights – (GBGAQRS, HENGYUAN)
09-Apr-2018 Hengyuan Q1 2018 - Good Margins, Good Profit
08-Apr-2018 Stallion - HengYuan Outlook 8 April 2018
07-Apr-2018 (Icon) HENGYUAN 2018 full year earnings
07-Apr-2018 Hengyuan - Logical Discussion - Koon Yew Yin
07-Apr-2018 HENGYUAN: Second week update on Notice of Requisition received.
06-Apr-2018 HENGYUAN VS PETRONM Comparison @ 5th April 2018 - oldfriendsinvesting
06-Apr-2018 Hengyuan - Why I suddenly Buy Back - Koon Yew Yin
06-Apr-2018 上升股:恒源炼油阻力RM7.59

Business Background

Hengyuan Refining Co Bhd is engaged in refining and manufacturing of petroleum products in Malaysia. The company’s operating units in its refinery consist of two crude distillers, a long residue catalytic cracker, two naptha treaters and a merox plant, two reformers, and a gasoil treatment plant. Its product portfolio consists of liquefied petroleum gas (LPG), gasoline, diesel, aviation fuel, fuel oil components, and chemical feedstocks like light naphtha and propylene. Its segment consists of manufacturing of petroleum products with all of the operations in Malaysia. Majority of its revenue is derived from the sale of refined petroleum products.
Analyze this stock with MQ Trader system

  25 people like this.
probability Uncle Koon is holding for next 3 years liao.....
thats exactly about the time when the good news will come.

but then again...by that time China would have gone with 100% EV cars and autonomous.
26/05/2018 15:10
10154675247544965 Sell and forget
Buy and forget
26/05/2018 15:34
probability Unhappiness at Hengyuan


IT was just five months ago when shareholders of Hengyuan Refining Company Bhd were riding high.

The company’s shares were one of the best performing on Bursa Malaysia for 2017. The company reported spectacular profits for that year, and investors were looking forward to its share price surpassing RM20 apiece. Fast forward to today and Hengyuan is trading at a mere RM7 a share, and for its first quarter ended March 31, earnings plunged by a massive 69% to RM86.8mil from RM279.5 mil a year earlier. The company has declared a mere two-sen dividend.

To be fair, Hengyuan’s earnings are co-related to the price of oil. It is an oil refiner and earns its money from the spread between the price of oil and petroleum products. The margins are fixed. Refiners make more money when oil prices move faster than the petroleum products. This is why the company made a lot of profits last year, as the price of oil was on an uptrend. However, after prices stabilised at a high price, Hengyuan’s profits have been negatively impacted, as would all refiners in Malaysia. Still, shareholders of the company are not impressed.

At its AGM this week, disgruntled shareholders were queuing up to express their dissatisfaction with the company or share their views on how to improve its performance. Questions focused on the company’s decision recently to secure financing facilities worth US$430mil (RM1.7bil) to fund the planned upgrade and maintenance of its refinery. It has allocated RM700mil in capital expenditure over the next one to two years to finance two cornerstone projects. Shareholders, on the other hand, are wondering what’s being done for them, with some suggesting bonus shares or free warrants, or at least a share split considering the high price of the stock.
26/05/2018 16:20
st0ckraider will slowly back to 3-4. sad ... once a stock king of 2017 ... now become shit king of 2018
26/05/2018 16:23
dragonslayer Aiyo...dun cakap shit king of 2018...all the sifu last cakap 2017 good company mah...why 2018 become bad company....just falling star of the year 2018 only...maybe 2019 shinning star again leh...who know all the sifu come back again leh....aiyoyo...kikiki
26/05/2018 16:33
AlibabaChiam must sell sell... shit...!
26/05/2018 16:35
dragonslayer Aiyo..alibaba...you have vested interest or not...ada share on hand kah...no share how to sell...aiyoyo...kikiki
26/05/2018 16:38
gsi723 Very likely to go below 7.00..
26/05/2018 17:07
10154675247544965 May go down and up and down and up
At the end up and down
Then down and up lo
26/05/2018 17:24
chinvest17 FY17 2 sen dividend out of 306 sen earnings.
FY18 also likely won't be much.
HY management must have used overly extreme stringent solvency test to justify ridiculously low dividend.
If other company also use such overly extreme stringent solvency test, few company can pay decent dividend.
26/05/2018 17:45
AssAssLee Jiao jiao punya share. Ini semua salah MCA Michael Chong. Kanina

CSL make me lost until my underwear gone. Now trapped me inside cinaman company HY. Niamah, running dog MCA, how come you all sleep on the job? they are robbing the retail investor in broad daylight.
26/05/2018 19:34
AssAssLee I'm going MCA Public Complaint to f... Michael Chong again one more round. Sorry, Michael Chong blame your mother for your ba zi. You are born to be f by us.
26/05/2018 19:36
lizi i feel pity for the management. i think they are innocent. it is like out of no way kena scolded.

Unhappiness at Hengyuan

26/05/2018 19:52
probability aiyo..die lah HY....RAPID maker may be listed soon....kiki

26/05/2018 20:16
Letgohrc Good...hengyuan have market coverage..so what if not top 10..when it went up also not top10..let give more pressure to management in creating shareholder values by 2019
26/05/2018 21:40
Henly the funniest forum here, investors wanting share prices to go down, funny funny funny
26/05/2018 21:49
apple168 It is a suicidal move by investing in a company that doesn’t prioritize shareholder interest first.
26/05/2018 22:09
apple168 Avoid investing company that doesn’t value the concept of Competency, Accountability and Transparency (CAT).
26/05/2018 22:16
soros168 2 sen dividend if next year no more dividend why pay RM 7? 70 sen I buy.
26/05/2018 22:36
10154675247544965 They want to buy below rm 7 can’t get. All tfk at home now
26/05/2018 22:37
why_no_dividend All Chinamen stingy. Be1ow RM 1 coming. Run,.
26/05/2018 22:42
emil confirm the next 2 qtr SURE will report "RED" (LOSS)!!.....be back to RM 2
26/05/2018 22:47
traderman confirm your head
26/05/2018 23:07
Mayland Not shutdown confirm?
26/05/2018 23:07
moneypedia 4-6 ringgit vut 6 rinnggit 1st...gih gih gih (punchline pinjam ah dleam skit)
26/05/2018 23:18
hstha Unhappiness at Hengyuan https://www.thestar.com.my/business/business-news/2018/05/26/unhappiness-at-hengyuan-government-funds-cut-stake-in-myeg-times-are-achangin/
26/05/2018 23:24
pang72 Habis...
27/05/2018 00:51
Depeche 2020 is when sulphur free fuel is compulsory in the shipping industry.....HY will be one of those refiners prepared to meet the new requirements...the current capex is good investment for the future...no need to be disappointed with the dividend issue... shares buy back as replacement equally good.
27/05/2018 04:19
10154675247544965 Don’t complain so much. Sell all your shares of hy. Then buy back when it shoot up

Don’t put negative comment s here. I know you want to buy cheap. Keppel spore oil refinery production P/E ratio 15.

Hy refinery P/E ratio 3-4. Buy
27/05/2018 10:07
Sinopsis Aiyoyo.let 6 come first then only 4,3,2,1 can come.or maybe 8,9,10.kikiki
27/05/2018 10:13
10154675247544965 Buy toto better
27/05/2018 10:57
pitbull TP 4 ?
27/05/2018 12:27
pang72 traderman confirm your head
26/05/2018 23:07

Conman tradesman, what you want ...rm22 Kay?
You are real conman...
27/05/2018 12:47
emil HENGYUAN legs are shaking.....about to collapse soon due to its profits slowly turn into losses in Q3.
27/05/2018 14:42
Karex Good news :-)

1. The refiner has seen margins picking up in May, suggesting that there is support for the crack spread going forward, said its chief commercial officer William Chen Jung Huei. This is backed by rising global demand for refined products as end users stock up amid rising oil prices, he said.

“Our margins are sustainable but they may not be as good as last year,” Chen told reporters today, following the group’s annual general meeting today.

2. Chief financial officer Foo Ai Li added that there would be no disruption of its delivery to customers during the group’s scheduled mandatory turnaround in the third quarter of this year.
27/05/2018 15:13
Karex Stock price double digit soon. he he.
27/05/2018 15:13
Karex Why doesn't Berkshire Hathaway pay a dividend?

because its chairman and CEO, Warren Buffett, believes it is more beneficial to allocate the company's earnings in other ways. In particular, Buffett prefers to reinvest profits in things that allow his company to improve its efficiency, expand its reach, create new products and services as well as improve existing ones, and further separate itself from competitors. Buffett, like many business leaders, feels that investing back into his business provides more long-term value to shareholders than paying them directly because the company's financial success rewards shareholders with higher stock values.
27/05/2018 15:16
Karex Berkshire shares jump as Buffett says buybacks are an option

•Warren Buffett's Berkshire Hathaway has $116 billion in cash but is having trouble finding opportunities in a pricier market.
•Buffett told CNBC in an interview Monday that at some point he could consider returning cash to shareholders in the form of buybacks.
•However, he said the company is unlikely ever to consider implementing a dividend, which he called an "implied promise that you keep paying them forever."

Berkshire Hathaway maintains an aggressive stock buyback policy that puts cash directly into shareholders' pockets.
27/05/2018 15:18
dragonslayer Aiyo....cham lor....all the super promoters also takda mari liao..left those ah beng ah seng ah lian ah hui tom dick and harry promoters...and..super penkritik at here.....no hope in a short term outlook liao lah...aiyoyo...kikiki
27/05/2018 15:48
probability aiyo dragon...i cordially invite you to join my new residing forum....annjoo.....at least visit once a while to ask for donation..

i am expecting it to hit a new high this year...

if you have a little money.....please punt there and guarantee make money one...kiki
27/05/2018 15:50
probability say now annjoo at 2.52...hits RM 4....thats exactly like HY moving from RM 8 to RM 13 ma....

can make plenty of money liao!!!

27/05/2018 15:54
probability now a lot of people are psychologically biased...construction down this and that.....

but, annjoo will prove all of them wrong one...quarter after quarter...consistently it will shows its true color.....

i am almost contemplating sailang there...kiki
27/05/2018 16:03
probability yes...you can wait for TA signals also...but by the time that happens all the 'TA specialists' would have bottom scooped already...

anyway...i am just a probability...we have to be very flexible and nimble to adapt to changing environment...

just a gush of intuition now...lets see how it goes.
27/05/2018 16:07
10154675247544965 1. Share buy back
2. Share split
3. Bonus issue
4. Dividend soon
5. Almost paid off the debt

Buy now as some find houses start to accumulate hy

TP : RM 15
27/05/2018 17:35
jennychin The one who buy high is stupid sore loser as HY will report losses in the next 2 quarters
27/05/2018 17:39
jennychin HengYuan profits getting thinner and thinner.....and by third or fourth quarters surely will report Losses!
27/05/2018 17:43
moneypedia yeah cyclical...6,5,4....
27/05/2018 17:46
10154675247544965 Thinner and fatter.
Longer and shorter
27/05/2018 18:46
gsi723 don't fool people with 15 TP....
5 is more likely than 15 in near term..
27/05/2018 18:57
gsi723 ann joo go 4.00 is higher probability than HY 13... i guess

[probability]: say now annjoo at 2.52...hits RM 4....thats exactly like HY moving from RM 8 to RM 13 ma....

can make plenty of money liao!!!
27/05/2018 19:00


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