Highlights
KLSE : SHELL       SHELL REFINING CO (F.O.M.) BHD Main : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
3.23   +0.11 (3.53%)  3.17 - 3.24  824,000
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Overview

Market Cap: 969 Million
NOSH: 300 Million
P/E | EY: 0.00  |  0.00%
DY | Payout %: 0.00%  |  - %
NAPS | P/NAPS: 2.6854  |  1.20
Avg Volume (4 weeks):967,900
4 Weeks Range:2.75 - 3.30
52 Weeks Range:1.99 - 3.30
Average Price Target:-

Headlines

Latest Headlines
07/02/2017  PublicInvest Research Headlines - 7 Feb 2017
05/02/2017  洪建文.失败是成功之母
02/02/2017  PublicInvest Research Headlines - 2 Feb 2017
20/01/2017  Daily technical highlights - (ARANK, SHELL)
19/01/2017  董事部和独立顾问:蚬壳小股东应拒绝恒源
19/01/2017  SHELL (4324) Will Shoot Up to RM4.00 !!
17/01/2017  油站一度暂停服务.蚬壳石油受拖累
23/12/2016  Mplus Market Pulse - 23 Dec 2016
20/12/2016  PublicInvest Research Headlines - 20 Dec 2016
20/12/2016  Mplus Market Pulse - 20 Dec 2016
04/09/2016  力保大马首要勘探企业.蚬壳革新强化竞争力
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  Virus t likes this.
 
charlie chia Better buy petron then shell
04/02/2017 23:37
Diamond7 http://www.bursamalaysia.com/market/listed-companies/company-announcements/5332061
Change name from SHELL to HENGYUAN
06/02/2017 19:49
cooling the takeover at 1.92 is confirmed

http://www.thestar.com.my/business/business-news/2017/02/06/shell-refining-seeks-name-change-to-hengyuan-refining-co-bhd/
06/02/2017 22:08
coconutzz does it mean, we are forced to sell at RM1.92?
07/02/2017 09:39
Lim Yee Fatt 星洲网 Sin Chew Daily (新闻发布) (注册)-Jan 23, 2017
波德申建筑公会主席陈中兴强调,中国山东恒源石油集团正式接管波德申蚬壳炼油厂后,必定投入大量资源来提升炼油设备来满足市场需求

Sin Chew Daily (Press Release) (Registration) - January 23, 2017
Chairman of the Construction Association of Port Dickson Chen Zhongxing stressed that China's Shandong Hengyuan Oil Group officially took over Shell Portland refinery, will invest a lot of resources to improve the refining equipment to meet market demand
07/02/2017 13:58
Diamond7 Very strong!
I think no need to force sell at RM1.92
The investors are buying in heavily. Perhaps got good news! Just wait.?..
07/02/2017 16:29
probability hmm..still havent hit 3.0?

But ...but magnetic field here feels quite strong.

Posted by probability > Jan 19, 2017 03:39 PM | Report Abuse X

dont drool...when it hits 3.0..
07/02/2017 20:38
Lim Yee Fatt freemalaysiatoday

KUWAIT: Saudi Aramco has shelved plans for a multi-billion-dollar refining and petrochemical joint venture with Petronas in Malaysia, industry sources familiar with the matter told Reuters on Wednesday.
The Refinery and Petrochemical Integrated Development (Rapid) at Pengerang, Johor was to have had a 300,000-barrel-per-day refinery and petrochemical complex with a chemical output capacity of 7.7 million metric tonnes.
Other facilities at the site, which was to have started operations in the first quarter of 2019, were to have included a liquefied natural gas (LNG) regasification terminal.
07/02/2017 23:20
Lim Yee Fatt Reuters

Aramco snub puts Malaysia's Petronas in tight spot over RAPID project

Najib has been moving closer to Beijing diplomatically as the fallout from the 1MDB scandal strains ties with the United States, returning from a November state visit to China with about $34 billion in deals.

"Najib needs to ensure that RAPID can still go on," said Achmad Sukarsono, analyst at political risk consultancy Eurasia Group. "Politically Najib would want to involve China more."

PROJECT ECONOMICS

Others, however, caution that RAPID may not make sense for China, which already has enough refineries to meet even its huge oil thirst. Chinese energy firms, they say, would rather invest in more crude production.

A bigger concern is the economics of the project, which have been called into question after sources said Aramco had concluded it would not generate sufficient returns.
07/02/2017 23:23
Lim Yee Fatt http://www.capitalcube.com/blog/index.php/shell-refining-co-federation-of-malaya-bhd-gathering-momentum-but-may-lack-support/?yptr=yahoo

Shell Refining Co. (Federation of Malaya) Bhd.: Gathering momentum, but may lack support
January 9, 2017 by CapitalCube
Shell Refining Co. (Federation of Malaya) Bhd. relative valuation is UNDERVALUED and it has a fundamental analysis score of 28.

Our analysis is based on comparing Shell Refining Co. (Federation of Malaya) Bhd. with the following peers – Petron Malaysia Refining & Marketing Bhd., Esso Thailand Public Co. Ltd., Pakistan Refinery Limited and Chennai Petroleum Corporation Limited (3042-MY, ESSO-TH, PRL-PK and 500110-IN).

Shell Refining Co. (Federation of Malaya) Bhd. has shown underwhelming performance over the last one year while growing strongly over the last month. Shell Refining Co. (Federation of Malaya) Bhd.’s price momentum over the last month, at 8.97% has been better than that over the last year, which was -52.82%. Also from a peer group perspective, Shell Refining Co. (Federation of Malaya) Bhd. has performed better, since the peer group performance was 1.58% over the last month.
07/02/2017 23:48
probability thanks for sharing Lim - its super clear now
07/02/2017 23:52
Lim Yee Fatt http://www.capitalcube.com/blog/index.php/shell-refining-co-federation-of-malaya-bhd-gathering-momentum-but-may-lack-support/?yptr=yahoo

Shell Refining Co. (Federation of Malaya) Bhd.: Gathering momentum, but may lack support
January 9, 2017 by CapitalCube
Shell Refining Co. (Federation of Malaya) Bhd. relative valuation is UNDERVALUED and it has a fundamental analysis score of 28.

Our analysis is based on comparing Shell Refining Co. (Federation of Malaya) Bhd. with the following peers – Petron Malaysia Refining & Marketing Bhd., Esso Thailand Public Co. Ltd., Pakistan Refinery Limited and Chennai Petroleum Corporation Limited (3042-MY, ESSO-TH, PRL-PK and 500110-IN).

Shell Refining Co. (Federation of Malaya) Bhd. has shown underwhelming performance over the last one year while growing strongly over the last month. Shell Refining Co. (Federation of Malaya) Bhd.’s price momentum over the last month, at 8.97% has been better than that over the last year, which was -52.82%. Also from a peer group perspective, Shell Refining Co. (Federation of Malaya) Bhd. has performed better, since the peer group performance was 1.58% over the last month.
07/02/2017 23:59
probability Hengyuan!...Hengyuan!...China Power coming :)
08/02/2017 11:21
mamatede Change name only can boost share price... clap2
08/02/2017 11:23
supermanxd2 is it still good to enter now?
08/02/2017 11:42
Lim Yee Fatt http://www.freemalaysiatoday.com/category/highlight/2017/01/25/saudi-aramco-shelves-joint-venture-with-petronas-in-pengerang/

151 2 2 156
Saudi Aramco shelves joint venture with Petronas in Pengerang
The Pengerang plant was to have had a 300,000-barrel-per-day refinery and petrochemical complex.

http://www.reuters.com/article/us-saudi-aramco-petronas-analysis-idUSKBN15B0YW

"Najib needs to ensure that RAPID can still go on," said Achmad Sukarsono, analyst at political risk consultancy Eurasia Group. "Politically Najib would want to involve China more."
08/02/2017 11:49
supermanxd2 yee fatt, now still good timing to enter? will shell hit 10.0 agn?
08/02/2017 11:52
Lim Yee Fatt supermanxd2, I hope so.
08/02/2017 12:18
Lim Yee Fatt Hengyuan will announce construction project to upgrade refinery later according to the news shared above.
08/02/2017 12:37
Diamond7 Very strong buying!!! What is the good news?
08/02/2017 17:53
erkongseng -位于波德申的炼油厂每日生产125,000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。
--合理价为RM4.00
只供参考,投资自负.
http://www.shell.com.my/

http://www.hyshjt.com/
10/02/2017 05:33
erkongseng Port Dickson的日产15.6万桶炼厂,主要是面向马来西亚国内提供燃料。
10/02/2017 08:28
huhuhu1 You can also buy oil related stocks like Wah Seong which has not consolidated so much for the past month.
13/02/2017 23:34
tftey Took profit with over 40% profit within two months. Good Good.
15/02/2017 12:14
huhuhu1 Wah Seong is another good oil related stock.
15/02/2017 23:50
Diamond7 Shell....any news?
17/02/2017 12:51
ken_ong07 What is happening to Shell's share price? It seems dipping
17/02/2017 14:42
Diamond7 Yes......this stok ken or kennot?
Anyone with news
19/02/2017 12:17
Diamond7 I worry liao....keep coming down!
19/02/2017 12:18
curious2 Will EPF sell more? Takeover price only RM 1.92 why now RM 1.06 more?
19/02/2017 12:21
Diamond7 EPF still have arhhh?
EPF keep selling.....Maybank, Armada, Lafarge, why? Why? Why?
19/02/2017 13:50
Pavillion Epf took RM8B impairment on all their investment already.....If they sell ...it is just recovering whatever left......they know rugi already.
19/02/2017 22:26
Diamond7 How? How? How?.......keep coming down.
Veli veli scarced!!!
20/02/2017 17:45
Chiok87 Lucky is come back some today...
21/02/2017 15:41
xjteh overall, Shell uptrend is still intact & not complete yet. Now it is the retracement from 2.65-3.15, fb 0.62 will target 2.82. & retracement from 1.99-3.15, fb 0.31 will target 2.76. Plan a 2 stage scooping at 2.82 & 2.76.
21/02/2017 15:48
valueinvestor66 All of you that still invest in Shell and Petron etc, be prepared to have huge lossess. I have been warning people about deregulation for the past 2 years. once after deregulation at least 2/4 of sites will close down and the current big players Shell and Caltex will exit. deregulation has happened to Japan, Australia, Thailand and Indonesia. and the results are disastrous for investors. Malaysia is next. On March MOF(Ministry Of Finance) will table the ceiling price, in other words all Oilco will be allowed to set their own prices and compete with each other and if the price of petrol/diesel breach the ceiling price due to market forces, the oilco have to bear the difference of the market price vs ceiling price. this would translate into huge losses for the oilco. All i can say is stay safe and dont take unnecessary risk to your own capital. I work in the Oil industry so i know my 2 cents.
22/02/2017 13:17
Chiok87 If you tell me humans no need to use petrol anymore to survive in this earth, i will throw.
22/02/2017 13:44
valueinvestor66 You completely missed my point, the ceiling price is good for consumer bad for investor. anyway Shell upstream is owned by China, the government will make China subsidize the ceiling price. and you wont see a single cent of dividend. Even If there is any profits, all of it will be sent back to China. Zero for malaysian shareholders
22/02/2017 13:59
Chiok87 Can we ask China shell sponsor some money to Chinese school here? Dont la sent all back to China. : )
22/02/2017 14:23
xjteh bravo to Shell, another round of price up start to continue with yesterday breakthru its trend line at 3.05 (draw from 15Mar16, 3,25 & 3Aug16, 3.2). Next target shall be 3.50.
23/02/2017 10:15
Buns "Even If there is any profits, all of it will be sent back to China. Zero for malaysian shareholders "

Can you elaborate on this comment? It's puzzling to me. The profits will be given to stakeholders of the company regardless of their nationality. That's like me buying Disney in US and saying,all profits from the company will be given to their US citizens and not to me in Malaysia.

Unless you are implying that all their FCF will be funneled back to their other business entities in China while making Shell just an empty vessel which is a form of fraud.
23/02/2017 10:16
xjteh why bother so much by who is his owner either local or oversea guy? just buy on weakness & sell on strength, every share has its pattern of wave & indicator, don't tell me you r going to hold it for life!!
23/02/2017 10:22
Chiok87 exactly. unless this is good stable share can keep for long term and earn high dividen. This is not right?
23/02/2017 11:07
probability how will market react if Shell report EPS of 100 cents?
23/02/2017 14:35
valueinvestor66 Buns,

Shell FOM name has now been changed to Hengyuan Refining company.

Hengyuan owns the majority shares now. Through direct and through proxies. Bear in mind, Hengyuan is a private Chinese Company and not public listed in China.

It is common sense that Hengyuan will use any FCF to pay off any debts that were acquired through the acquisition of Shell in the first place.

If Hengyuan wants to funnel most or even all of the profits or FCF back to China, there are numerous accounting ways to do it that doesn’t constitute a fraud. One of it would be to make a large sale of refined Petrol to any of its entities and claim impairment for unpaid amount.

Also bear in mind the shadow banking and corporate debt in China is at its peak. When Trump establishes his protectionist policies and stop buying china goods, China will lose the US as its main customer. These will events will cause a large number of China companies to have cash flow deficit when the US stops buying from them and these china companies will repatriate back earnings from other countries such as Malaysia/Indonesia/Australia to cover the shortfall of cash flow or for loan repayments back in China.

All these risk will play out sooner or later which no one can predict exactly when, but this is a big fundamental risk. I personally distrust Chinese companies due to their lack of transparencies and enforcement in China. To me, it’s always better safe than sorry.
24/02/2017 01:09
poilam Let's see if shell could perform as good as Petron post announcement on next Monday. Q4 result is very good due to good refining margin
24/02/2017 09:25
Thomas2205 Shell profit taking
24/02/2017 12:36
Stevenfong Hengyuan has just completed an exercise to take a majority stake (51%) in Shell, this is their first overseas acquisition. The rebranding will start in earnest once approval for name change is obtained. Shell Overseas sold their stake to HY after much deliberations and despite local, as usual, objections. Shell is a reputable MNC, for Shell to sell stake to HY it speaks volume.
HY will prove all the skeptics wrong in time to come...
26/02/2017 23:54
LTY01 Hopefully Hengyuan proposed dividend this year
27/02/2017 11:19
invest_101 I am following this stock cautiously hoping for a turnaround and sustainability of results from the stabilisation of crude price. Personally I dont think dividend should be recommended in view of the high gearing and also the initial recovery phase, and not to mention the upgrading and refurbishment required. A good set of Q4 results would be a great start as this would attract more immediate interest into this stock.

What is holding me back is the potential kitchen sinking that is normally practised at each change of controlling shareholders. Hopefully not in Q4 but in subsequent quarters when visibility of the sector is clearer.
27/02/2017 11:47


 

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