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Overview
Financial Highlight
HeadlinesBusiness 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.
  shareinvestment7 Absolutely agree. Heng Yuan, so called red chip company, owned by conman China Man. I urge all Malaysian retailers to boycott this cheating rubbish company from China. Do not buy any HY share from the open market. Let the operator hold their tickets until it become toilet paper. Thank you. 22/05/2024 10:28 AM  yongyong88 Looks like many sore losers here. Asking ppl to boycott like McD, kfc n starbucks. I didn't buy from them bcos their products are expensive but when there were discounts promotions, I bought. Same thing here. If you think HY is cheap, buy. The risks of more upside than downside is lower. 23/05/2024 10:36 AM  Sslee Forever and never ending Fair value loss on derivative financial instruments RM 212,159,000. 24/05/2024 5:26 PM 1288Go Hi Sslee, Good to hear from you. Long time you been quiet. I am quite tired of this counter. Wait too long... What shall I do with human? Cap growth is slow and hardly any dividends?? 😪 27/05/2024 3:15 PM  raymondroy i dont understand how a RM5billion turnover company can only issue a RM1.1m profit for the quarter, and worse show negative operating cashflow of RM411m..... looks like they are paying holding company advances which shows large negative trade creditors outflow, rather than paying dividend..... former helps main shareholders hmmm 04/06/2024 2:14 PM shareinvestment7 You have your answer here. Heng Yuan, so called red chip company, owned by conman China Man. I urge all Malaysian retailers to boycott this cheating rubbish company from China. Do not buy any HY share from the open market. Let the operator hold their tickets until it become toilet paper. 04/06/2024 5:59 PM shareinvestment7 This is a shit company with accounting fraud, and this shit is Serba 2.0. Once MACC step in for investigation. It will be delisted in 2 years time. 05/06/2024 9:41 AM jomvalueinvest2 https://www.thestar.com.my/news/nation/2024/06/09/diesel-to-cost-rm335-per-litre-starting-midnight-on-june-10 10/06/2024 10:06 AM LuckyWorldg The price free-float introduced today is a preparation for a sharp rise in oil prices later on. 2024.02.21 the start of this wave of substantial continuity of good decline is the bottom signal. 3.29 the start of this wave of retracement details have a very big change, the decline is slow, the decline time is long, the decline range is small. Accompanied by the emergence of a large positive line, these are very good signals. Now is the best time to enter and trading opportunities in the post-industrial era 10/06/2024 3:45 PM GSX1111 will the extra earning happen this round with the petrol price floating ? eg the crack line revenue which happen in 2029 ? 10/06/2024 4:03 PM  paperplane https://klse.i3investor.com/web/blog/detail/myviews/2024-06-10-story-h-159733042 10/06/2024 10:57 PM  speakup WELCOME TO CASINO DE BURSA! all races all religion welcome! all halal! bet small win small, bet BIG win BIG! 11/06/2024 7:56 AM yongyong88 Need to keep rising slowly to attract ikanbilis here. Otherwise, let it drop to RM2 15/06/2024 10:29 AM Vdhawan Nice writing about diesel price hike from Malay Mail https://www.malaymail.com/news/malaysia/2024/06/10/all-you-need-to-know-about-malaysias-new-diesel-price-of-rm335-per-litre/138919#:~:text=Malaysia%20has%20set%20the%20new,stop%20leakages%20in%20subsidised%20diesel. 18/06/2024 11:42 AM DickyMe LOL! How low can you go Heng Yuan? Have warned anchovies before. Chinese and China businesses cannot be trusted! Say goodbye to your hard earned money! 20/06/2024 11:39 PM  johnny cash https://www.thestar.com.my/business/business-news/2024/06/20/hengyuan-announces-unplanned-shutdown-of-lrccu-unit NOW ONLY THEY ANNOUNCING IN MASMEDIAS THEIR PROBELM.. I THINK THIS PROBELM WAS THERE IN THE PAST.. THEY WERE HIDING IT.... ALWAYS IN THE PAST THEY WERE NOT MAKING GOOD PROFIT LIKE PETRONM. NOW ONLY AT WRONG TIME THEY ARE ANNOUNCING THE TRUTH.. I THINK MORE BAD NEWS WILL BE COMING IN FUTURE.. SO THEY START ANNOUNCING THE PROBELM NOW, SO THEY WON T BE HELD RESPONSIBLE.. WASHING UP THEIR HANDS 21/06/2024 9:56 AM shareinvestment7 We, as Malaysian, should be the brave whistleblowers. I have given warning for so many times that this is a shit company with accounting fraud, and this shit is Serba 2.0. Once MACC step in for investigation. It will be delisted in 2 years time. Said NO to china conman company. 21/06/2024 10:19 AM chokra Luckily my capital cost for this company is very low because I bought this shit counter during March 2020 Covid epidemic and sold most of it off at a good profit. What I still hold cost me nearly nothing. But I am still fed-up because of opportunity cost and holding cost. I can understand the torture shareholders of Heng Yuan are facing for years. This is a counter heading towards a huge financial disaster. My advice to retail players is stay away from Hengyuan. This counter is not for Mom & Pop retail players. Too many sharks in Hengyuan, we will be sheep to be slaughtered if we buy Hengyuan. 21/06/2024 11:53 AM Sslee DickyMe SSLee's favourite counter, licking the bottom. 20/06/2024 11:42 PM I already give up on HRC with below last email to HRC https://klse.i3investor.com/blogs/Sslee_blog/2024-06-21-story-h-158835501-My_last_email_to_HRC.jsp 21/06/2024 12:25 PM Sslee More or less I also give up on Bursa and SC to do the right thing in protecting shareholders interest and prosecute the crooks to the fullest So invest at your own risk. 21/06/2024 12:47 PM Vicky Bursa once detected any fraud should stop trading till issue resolved. But this was not always the case. Let the trade to continue and ikan billis and even jerong kena slaughter. The massacre in Serbak already very clear and a billion oil n gas company can collapse and investors lost millions of ringgit. Therefore all investors should weigh the case before you put your money. No one responsible for the loss. Only self. Once bitten twice shy ! 21/06/2024 7:06 PM Investing_Bursa Type: Subject: Description: ANNOUNCEMENT OTHERS REPAIR WORKS TO LONG RESIDUE CATALYTIC CRACKING UNIT (LRCCU) COMPLETED Reference is made to Hengyuan Refining Company Berhad (“Company”) announcement dated 20 June 2024 in relation to the unplanned shutdown of the Long Residue Catalytic Cracking Unit (“LRCCU”). The Company is pleased to announce that the repair works to the leaking found at the carbon monoxide boiler (CO) Boiler to the LRCCU were completed on 30 June 2024. Together with the LRCCU, the regulatory inspection activities for Hydrogen Manufacturing Unit (HMU) and Euro4Mogas facility (E4M), have been completed. The refinery plant is now recovering to its normal operational levels. 01/07/2024 6:25 PM bullrun168 Walaoeh, oil price spike up crazily ! Brent closed at=> $86.60 +1.60 +1.88 % Like that today Hengyuan going to limit up already liao lah ! Heng ah, Ong ah, Huat ah ! 02/07/2024 8:59 AM Vdhawan Great, no wonder HengYuan moves up today https://www.nst.com.my/business/corporate/2024/07/1070885/hengyuan-says-leakage-unit-fixed-operations-getting-back-normal%C2%A0 02/07/2024 4:14 PM jomvalueinvest2 no policy paper has been drafted yet to rationalise the subsidy on RON95 fuel 😶 https://www.malaymail.com/news/malaysia/2024/07/02/pm-anwar-no-policy-paper-yet-for-ron95-fuel-subsidy-focus-on-electricity-poultry-and-diesel/142478#google_vignette 04/07/2024 11:18 AM speakup Pmx tipu one. When u not expecting suddenly will announce Ron95 subsidy cut just like Diesil 04/07/2024 12:44 PM jomvalueinvest2 Trump will win the presidential election and it's good for O&G market 15/07/2024 6:27 PM  |
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