Shift to politic now??
Coming back to HY, Anyone has following info?
1. Is HY receivables is in USD or MYR?
2. HY Payables is in USD or MYR?
3. HY Cash is in USD or MYR currency?
3. What was the USD rate used in the computation of the RM1.5B borrowing? RM4.30 or 4.40.
As of today, USD has increase by 7% as compare to when QR was released.

After you lose money, did you get a sorry! sorry! sorry! email? If you didn't, you were ripped off.

@Mark, pls comment more. Thank you in advance.

Fair comment from Sslee.....maybe that is why it drop from 23+ to 20+? But Petdag cash flow is positive. Well, I'm kindy analyst. Cannot compare to sifu like you all. @^_^@ meow

I had a look again at HY Since so many says it is good. Making a note for myself here after going thru the QR again. Do point out if there is error....... @^_^@ meow....

1. Inventories increased by RM570M (36%)
2. Trade Receivables increased by RM 1.136B (111%)
3. Other receivables increased by RM1.54B (1155%)
4. Bank Balances decreased by RM 225M (-33%)
5 Capital and reserves attribute decrease by RM 476M (-23%)
6. Trade & Other payables increase RM 1.625B (71%)
7. Derivative financial liabilities increased by 1.174B (895%)
8. Borrowings increased by RM 1.022B (214%)
9. Cash flow from operating activities is negative

Summary: Equity increased due to rise in inventories, trade receivables. Bank borrowing increase and cash decrease. If this is my business, i generate alot of sales and expand my business by stock up with more goods but my customer has not pay me. Hence, i need to borrow more money to keep on continue my operation. My cash has reduce and the sum i owe my supplier has increase substantially........ @^_^@ meow....

*Extra Note. Currency profile of borrowings: USD.
USD strengthening and then interest rate hike........ This is interesting

You mean epf exit MI because they employ all singaporean and move the HQ to Singapore?

Value by NTA?
Supermax NTA = RM1.84. Cash is 3Bilion = RM1.11 per share. Now only selling RM0.675. U pay 70c get RM1.11 leh......why nobody want?
I think the current HY is same like when supermax when it is super hot time.

Pray for those who follow n bought hiaptek . Sincerely hope things will turn out ok for them.

Die standing. Rest in peace.
Don't worry. As a consolation, You will soon receive sorry, sorry, sorry.
Sorry....poof!!! 100k loss
Another Sorry.....pooof!!! Another 100k gone
Sorry.....poof!!!.....rest in peace Capital

Stumbled across this thread. Are they still active? or even around? I remember i saw a photo last time they went to pass a plaque to Tan Sri to congratulate him and say he will overtake MBB soon......those we the days.

Pot calling kettle black? Who confidently says that hiaptek will never fall below 30c? And ask to continue to hold.... I wonder how many lost soul was created @^_^@ meow

WOW!!!!!!


ty Y

Otb means, I recommend stocks to you I have bought at the bottom, if the stocks don't go up, you will die. Because I always buy at the bottom before telling you to buy. Why do I have a lot of money, because every time you follow my recommended stocks, you helping me push the stock price up and then I sell it to you. After I buy the stock at bottom Then I recommend the same stock to you, you all lose money, only I am making money. Then I will defraud your money and use it to buy property and collect rent. Because I know that sooner or later this method will be discovered as a scam. It's up to you to believe it or not, because the money is yours.

I'm not an expert in O&G but what a silly comment. Even water from the house tap, if no maintenance, you get sludgy brown water. Furthermore, you can't just increase the volume and pressure just like that. It needs modification/upgrading. So it is not as easy as turn just on the tap......

Unlikely but if you referring to the follower or subscriber, highly likely.

What was interesting was he said that A successful investor makes money quietly, yet every minute he himself was spamming the same message about it making RM2.22 EPS, doing homework, talk with facts and figure and bla bla bla. Seems to me an act of desperation. Feeling the heat?  ^_^ meow....

@probability ^_^ me@w

Buy and hold for 1 year? Super profit? I think this is exactly the reason HY cannot go up. TGlove plunce from RM 9 to 70c? Everyone has been bitten once. Scared of 2nd bite. I know many will says that glove and refinery is different. You cannot built refinery in 3 months. That is very true. But do remember super profit is not forever. Also, all the earning is meaningless if it is not distributed out to shareholder. Supermax earns billions and have cash of RM3billion which translate to cash per share of RM 1 but yet it is selling less than 70c. You pay 70c and in the piggy bank have RM1 waiting for you. This is excluding other asset. So why is nobody buying it?

What so special on 23/9?
If Fed meeting on the interest rate, it is 21/9 (US time)

@ty y
you sure that is not an old posting? Maybe singing different tune already.

ty Y

Recommendation
I do not care if there is a crash in the US stock market, I will just hold on to Hengyuan shares.
The share price of Hengyuan cannot move up north because the market sentiment in KLSE is very bad.
I believe it is a lifetime opportunity to win big in Hengyuan.
You will never see a stock listed in KLSE to have such high EPS.
I believe the share price of Hengyuan will break RM19.50 in 2022.
The final decision to buy is always yours.

KYY lost all his capital in steel stocks? I wonder whose advice he followed? ^_^
Well, if he is reading this, don't beat yourself over this. There are many ppl in the same boat as you in the steel stock too. Do you ever wonder whose advise they followed?

@Jeri, Can't come to a conclusion yet. The Sifu said wait until the end of September. Who knows, by the end of the month, he'll magically pushed it to 90c ^_^

Is the fatty sifu still keeping or quietly selling but still ask member to be patient?

Fail FA, now want to try TA? ^_^

Give a like to point 4 & 5. I also wonder the same and wonder which remisier sifu is this.

From -15% to +3%. Good news, in +ve territory. BAd news, did not dare to buy more when it was so cheap.

Heard from AGM that the oversupply might prolonged till 2024. Pre-Covid, glove demand is 320B. Covid add another 60B but current world capacity is at 500B. I think this is the game see who have more case to burn and see who collapse 1st. It is like running a marathon.

Wow, down 70%. Seems like something really rotting. i have 10% in my portfolio. Quite lucky that i didn't to up more as plan especially i saw micron analyst comment.

All Zhuge statement is a lie? A pot calling a kettle black where he himself twisting facts and fabricating the stories. What an irony.

Zhuge_Liang
Rabbit2 is a qualified accountant.
He has the experience to audit a refinery company

Rabbit2
@Zhuge, I have never ever audit nor involved in any refinery company. Just that I peanut knowledge about hedge accounting if derivatives are taken as hedging instruments as general. As I said, I blow water only and I could be wrong.

@Ular, who is your sifu?

Mr. Koon just post an article on HY. Next Q might repeat loss?

https://klse.i3investor.com/web/blog/detail/koonyewyinblog/2022-09-02-story-h1628877416-Investors_ignored_Hengyuan_s_fantastic_profit_Koon_Yew_Yin

Why Mee throw?

Will today down by 10%??
The Grandmaster silence is deafening. Become grandfather a'dy ^_^

Syabas has increase industrial water tariff about 20% on 1st August. Electricity cost sure adjusted after election. I wonder how much both of this will impact the production cost.

I hope Mr. Zhuge is buying more since it dropped so much as compare to yesterday. Same goes with previously wehn Mr. Tandavid says hiaptek will never drop below 30c. Wish you all collect more since it is cheaper than yester years.

Who is behind that throwing the bomb?

@Bob, chinaman merciless? Which 1? HY management or the grandmaster that ask continue to hold? Question is, is he still holding?

1.5?? now less than 1.30

Hi Newbie, unfortunately I don't know n if I know if it will drop to 1.20, I won't be collecting now. I only estimate it will worth rm2.50 in 5 yrs time base on my novice calculation. Hence I think now is consider value buy.

I'm still in the mist of collecting Mi. Hence i would not like it to go up too fast either. ^_^
If i have time, mayb i will pen down my thoughts on the good or bad of Mi. I don't have enough knowledge to comment on whole tech industry but did some research on this company and it fullfill my criteria to own them as well.

I'm no expert, but I believe everyone is expecting a recession, and hence tech stock earnings will suffer. Most people believe that electronic devices are a luxury rather than a need. Having said that, I believe electronic gadgets such as phones and computers have become necessities in our life as we go more into the digital world. According to research, ewallets will be on par with credit cards. I now use ewallets more than cash or actual credit cards.
Android phone usually last between 2 to 3 yrs. If not broken, it will be outdated. Hence i believed the recurring consumption of electronic devices will somewhat support the market. That is just my opinion....

Thank you iyin666.
That is why i get so upset when ppl disseminate false information. I just hate it when someone just pass untrue info to other reader. Please don embarrass yourself and learn to read the financial report

@NoTimeToTrade
& they are paying themselves handsomely? the 2c dividend is consider handsome dividend. LOL, you must be a easily satisfied shareholder. Generally the dividend is consider low in shareholder point of view but Please attend AGM and you know why they pay such dividend.


NoTimeToTrade

Judging from the way Mi pays dividends, I think it would be advisable to sell when opportunity arises. The owners are paying themselves handsomely when they should be reinvesting the money into growing the business just shows that they are comfortable with the status quo.

@NoTime To Trade
Where did you get the infor that the 2Q high NP due to sale of land?

NoTimeToTrade
NatsukoMishima, NP doesn't tell you whole story. 2Q NP high is from other non-business activities (sale of land).
14 minutes ago

Wow. Yesterday's drop was 5%. Today's drop was 5%. Could the significant selldown be due to EPF selling off the remainder of the shares on hand since EPF has ceased to become a substantial share holder? Take a break to let the storm pass.

Could one man's rubbish be another man's goldmine?

@prudentinvestor,
I know. Just pulling understand leg. I know he/she still here banging his head on the wall n curse why didn't he buy. He can change name but cannot change the fact he miss the opportunity to make money.
Waiting for div to declare ^_^

Lol...where is understand?
I hope he is well looking at TNB keep going up.

Lol....understand disappear? Maybe went to a cave and trying to do self reflection and try to understand what he thought he understand all this while is not true. ^_^

Ppl who follows your golden rules often has the same ending as the golden goose. Get slaughtered and the golden eggs (retirement money) are often taken away

Drug pusher also earns million, drive big car, live in big house.