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5.56   +0.89 (19.06%)  4.70 - 5.99  17,924,600
83,677 comment(s). Last comment by EngineeringProfit at Dec 5, 2020 10:35 PM
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ATARAH
3899 posts

Posted by ATARAH > Jun 3, 2020 4:33 PM | Report Abuse

Sir Sslee
What about the oil price ...will it go higher or lower or cap at usd 40.00


peggylian
130 posts

Posted by peggylian > Jun 3, 2020 4:39 PM | Report Abuse

aren't lower oil price is more beneficial to heng yuan?? as they are refininer, lower cost meaning higher net profit?? Guys, pls enlighten me...


Sslee
4307 posts

Posted by Sslee > Jun 3, 2020 4:52 PM | Report Abuse

Dear Peggylian,
HRC only earn refining margin (Crack spread).
And taking risks of either stocks gain/lose as their operation required about 1-1.5 months of stocks. They mitigate these risks by hedging against Crude oil, refining margin and USD to MYR exchange rate.


ATARAH
3899 posts

Posted by ATARAH > Jun 4, 2020 7:07 AM | Report Abuse

Oil Market Healing As Demand Recovers, Risks Remain

Phil Flynn  | Jun 03, 2020 10:00AM ET

 View all comments (1)

The country looks broken, the oil market is healing. A potential extension of the OPEC plus production cuts, as well as recovering oil demand, sent Brent crude back above $40.00 for the first time since the Russia/Saudi Arabia production war broke out. Bloomberg reports, "A meeting 

Now oil price profit taking...will continue uptrend...oil price up HY up...
Petron ..lost making also run up yesterday..
This is OIL THEME ..
DONT misd oil counter .
SERB ..HIB..HENG YUAN....

HENG YUAN only 300,000 shares .
Big shareholders is company own by Chinese government GLC company ..STATE OWN.

If price continue to rise..
Share buy back us very possible...
Will pass RM 4.20 soon ...RM 4.50 ..RM6.00
And RM 8.00

As oil heading to USD 41 USD 50 USD 60
USD 70 ...by one or two months..as more people travel.

Happy and prosperous trading


Sslee
4307 posts

Posted by Sslee > Jun 4, 2020 8:44 AM | Report Abuse

Petronm is better choice than HRC.
Petronm have better balance sheet, dividend given and have petrol station to sell their products (Retail income)


Happy_lucky
181 posts

Posted by Happy_lucky > Jun 4, 2020 9:33 AM | Report Abuse

sslee hengyuan no sell their products to retailer ? hengyuan no balance sheet? which company is more better is depend on management team and company policy.


peggylian
130 posts

Posted by peggylian > Jun 4, 2020 11:09 AM | Report Abuse

@sslee thanks for the explaination.


Sslee
4307 posts

Posted by Sslee > Jun 4, 2020 12:16 PM | Report Abuse

Petronm management team is better. HRC CFO and CEO resigned are the red flag. As china owner you just need to look into the red chip companies in Malaysia.


lmy059c
34 posts

Posted by lmy059c > Jun 4, 2020 1:23 PM | Report Abuse

What red flag? The ex CEO resigned at the end of his contract......You think everyone wants to work until 95 yrs old, meh ???


Sslee
4307 posts

Posted by Sslee > Jun 4, 2020 2:09 PM | Report Abuse

@Imy059c,
Thank you for pointing out CEO contract was not renew at the end of his contract.
I think only Tun M wants to work until 95 yrs old.


Happy_lucky
181 posts

Posted by Happy_lucky > Jun 4, 2020 2:28 PM | Report Abuse

lmy059c hahaha , sslee is super supporter of petronm la , he dont know how hengyuan to operate and never read the annual report of hengyuan. Later when hengyuan share price up to RM6 and above he will say this is a trap and quickly sell and buy petronm. A company can make profit or not is not only depend on how the company to generate the revenue , but the most important thing is how the company to control the expenese in which the revenue always greater than cost of expenses. Previous qr may suffer loss just due to refinery's. scheduled upgrade and also hengyuan company use the money to invest in four major projects which are Euro 4M MOGAS,Euro 5 GAasoil,H2GEN and Clean Air Regulation (CAR). And now, most of the projects alrdy completed. That's why hengyuan rarely paid dividends for shareholders as it is more focusing on the future of company. Try asking u, u wanna invest in a company which always paid u the dividends but with no future or u wanna invest a company which can achieve sustainable goals in the future?


Sslee
4307 posts

Posted by Sslee > Jun 4, 2020 6:47 PM | Report Abuse

Dear Happy_lucky,
You can read below blog to judge whether I read HRC annual report.
https://klse.i3investor.com/blogs/Sslee_blog/2019-07-09-story214178-The_important_of_asking_probing_questions_during_AGM.jsp

https://klse.i3investor.com/blogs/Sslee_blog/2019-06-03-story209214-Hengyuan_60th_AGM_Board_Q_A_presentation_on_my_questions.jsp


ATARAH
3899 posts

Posted by ATARAH > Jun 5, 2020 5:30 AM | Report Abuse

Believe it or not ..Brent oil price recovers..and going To new height?...highest brent oil price this month Is USD 40.53..
Will it pecan record ?

We shall see..

RM 6.00 boleh ...BOLEH...

China busy buying oil..before shoot up
...quickly refine it as demand pick up...

Annual report is good and guide..us.
But financial report figure can change ..
Always changing..as company like Heng Yuan
Control cost ..and plan and reorganize..
Share only 300,000 ..easily push up with China state company ..fund ..

Anyway team...

Dont follow us blindly ..do own forensic research on Heng Yuan....especially THE FUTURE OF OIL PRICE RISE ...AND FUTURE OF HENG YUAN PRICE RISE.

when invested in HY ..you want the price to go up...

Happy and prosperous trading ..

SSlee..with due respect .
Please advise...where the price of oil will be heading? ..up..break new record or down ..
Very down..this month ...

Not next 3 months..but just this month.
Loves to hear from you.
Thanks SSlee.


ATARAH
3899 posts

Posted by ATARAH > Jun 5, 2020 5:33 AM | Report Abuse

**Share only 300 millions ..will oil pecah record?***


Philip ( buy what you understand)
4026 posts

Posted by Philip ( buy what you understand) > Jun 5, 2020 7:21 AM | Report Abuse

Dear Sslee,

Did you not buy a lot of hengyuan in 2017 punting on crack spread together with KYY? What made you change your mind?

>>>>>>>>

Posted by Sslee > Jun 4, 2020 8:44 AM | Report Abuse

Petronm is better choice than HRC.
Petronm have better balance sheet, dividend given and have petrol station to sell their products (Retail income)


Ekkram
474 posts

Posted by Ekkram > Jun 5, 2020 9:14 AM | Report Abuse

Anybody know when Q1 report will release?


ATARAH
3899 posts

Posted by ATARAH > Jun 5, 2020 10:51 AM | Report Abuse

Do you know Brent Crude Oil just pass USD 40.00 again and rising up ?


Sslee
4307 posts

Posted by Sslee > Jun 5, 2020 10:55 AM | Report Abuse

Dear Philip,
I change my mind when the monitory crack spread compare to their product selling price minus purchased equal to gross profit did not tally with published average products selling price minus standard Brent crude price. Or in other words either someone mark up the purchased or the purchasers are stupid to pay premium price for the crude.
And their Capex for H2 generation plant is way above what I bought from Mahler.
http://hengyuanrefining.listedcompany.com/misc/Minutes-HRC_60th_AGM.pdf


Happy_lucky
181 posts

Posted by Happy_lucky > Jun 5, 2020 11:01 AM | Report Abuse

oil price will continue and history at year 2017 will come again.
ttps://twitter.com/NWSHouston


ATARAH
3899 posts

Posted by ATARAH > Jun 5, 2020 11:23 AM | Report Abuse

Sslee
Join us ..with KYY
before HY fly.

Join us


Mabel
10511 posts

Posted by Mabel > Jun 5, 2020 11:26 AM | Report Abuse

Today my Maybank Platform is back on track

Since I have collected enough Serbadk and Dayang

This week I have also collected 5 batches of HengYuan

What motivate me to top up HengYuan?

1. It used to a Shell Refinery
2. HengYuan only has 300,000 shares. So who ever owned it are collecting gems
3. Big shareholders is company own by Chinese Government GLC company ..STATE OWN.

So, I'm giving 5 Meow for each 10 lots...

Meow Meow Meow Meow Meow


Happy_lucky
181 posts

Posted by Happy_lucky > Jun 5, 2020 12:05 PM | Report Abuse

kyy is ready to join again. now someone keep press down the price to collect more ticket. afternoon session or next week sure fly very high . be patient.


i3 newbie
159 posts

Posted by i3 newbie > Jun 5, 2020 12:39 PM | Report Abuse

@Mabel
dont play play hehe

NOSH: 300 Million
300M shares outstanding is 300,000,000 units shares.

in old term (1 lot = 1000 shares) = 300,000 lots
in current KLSE (1 lot = 100 shares) = 3,000,000 lots on the market.

Avg Volume (4 weeks): 1,707,988 (current KLSE trading 100 unit = 1 lots)
= 56.9% of total NOSH

https://klse.i3investor.com/servlets/staticfile/388378.jsp

top 30 shareholders accounted for 205,528,197 or 68.509%
directors & CEO dont have shares


ATARAH
3899 posts

Posted by ATARAH > Jun 5, 2020 12:59 PM | Report Abuse

Shandong Hengyuan Petrochemical Company Limited with 51% of shares outstanding. This implies that they have majority interest control of the future of the company. The second and third largest shareholders are Kam Loong Mining Sdn Bhd and Permodalan Nasional Berhad, each holding around 1.9% of the shares outstanding.


ATARAH
3899 posts

Posted by ATARAH > Jun 5, 2020 1:04 PM | Report Abuse

Established in 1970, Shandong Hengyuan Petrochemical Company Limited (SHPC) is a state-owned enterprise based in Linyi County, Shandong Province, China.

SHPC develops, produces, processes, and markets diesel oil, liquefied gas, propylene, propane, polypropylene, tert-butyl alcohol, oil slurry, asphalt, tert-pentene, ethybenzene, and other petroleum related products.

SPHC is one of the Top 100 Leading Enterprises in Shandong and one of the Top 500 Chinese Chemical Enterprises, achieving multiple accolades over the years. Its Chairman and General Manager, Wang Youde, was also named ‘One of Ten Outstanding Entrepreneurs in Shandong Province’ and received the ‘Outstanding People Award of National Advancements in Productivity’, amongst many other awards.

Shandong Hengyuan Group’s first Oil & Gas Investment in Malaysia.

SHPGC is the ultimate controlling shareholder of SHPC, which in turn is the indirect parent company of Malaysia Hengyuan International Limited (MHIL), the majority shareholder of Hengyuan Refining Company Berhad (HRC).


ATARAH
3899 posts

Posted by ATARAH > Jun 5, 2020 1:09 PM | Report Abuse

State owned company ..
Anytime ...want or can push up.

Who is next CEO ..wait for STATE OWNED company decision ..

What is brent oil price now?

Usd 40.25 ....still going up ?


Happy_lucky
181 posts

Posted by Happy_lucky > Jun 5, 2020 1:19 PM | Report Abuse

They will push the price up to very high, just need waiting. Why this time announce proposal share buy back? Sure they want keep more share from open market and suddenly fly high and high. Be patient.


ATARAH
3899 posts

Posted by ATARAH > Jun 5, 2020 1:24 PM | Report Abuse

Ahh yes...forget about sharebuy back ..
300 millions shares ..so easy for .
Peanut .


peggylian
130 posts

Posted by peggylian > Jun 5, 2020 1:29 PM | Report Abuse

If increase of oil price will benefit heng yuan, why do we see this back in year 2018???

“Hengyuan shares down 12% as oil prices climb | The Edge Markets“


ATARAH
3899 posts

Posted by ATARAH > Jun 5, 2020 1:54 PM | Report Abuse

Impact of rising oil prices

ENERGY

Friday, 27 Dec 2019

By GANESHWARAN KANA

Govt and oil producers benefit, but the people will be burdened by more ... Impact of rising oil prices. Energy. Friday, 27 Dec 2019.

Who is oil producers company in KLSE
Heng Yuan
HIBISCUS
Petron
Reach

2019 Dec 2019 date better


ATARAH
3899 posts

Posted by ATARAH > Jun 5, 2020 2:06 PM | Report Abuse

Oklah enough posting ...going no where..
We just watch HY price

Up or down ?


Happy_lucky
181 posts

Posted by Happy_lucky > Jun 5, 2020 2:11 PM | Report Abuse

ttps://twitter.com/NWSHouston
go read the news inside here you will know why oil price and refining company will benefit in future.


Mabel
10511 posts

Posted by Mabel > Jun 5, 2020 2:24 PM | Report Abuse

@i3 newbie @Mabel
dont play play hehe

Hahaha I just want to see if everyone is kicking here..

Yes NOSH is 300 millions..

Happy to be one of the proud shareholders.

Very good comments from the team..

HengYuan has always been a very good company to me..

Meow Meow Meow


peggylian
130 posts

Posted by peggylian > Jun 5, 2020 2:56 PM | Report Abuse

Hi Ataran, wil read their annual report later.


ATARAH
3899 posts

Posted by ATARAH > Jun 5, 2020 3:25 PM | Report Abuse

Ok


ATARAH
3899 posts

Posted by ATARAH > Jun 5, 2020 3:43 PM | Report Abuse

Yess BRENT now is USD40.72 .
broke new high at USD 40.53
HY will fly soon


i3 newbie
159 posts

Posted by i3 newbie > Jun 5, 2020 4:20 PM | Report Abuse

@ATARAH wow you also HY hehe...


Happy_lucky
181 posts

Posted by Happy_lucky > Jun 5, 2020 4:26 PM | Report Abuse

So many want collect cheap ticket, but next Tuesday sure fly very high.


Sslee
4307 posts

Posted by Sslee > Jun 5, 2020 4:37 PM | Report Abuse

haha,
If want to collect cheap cheap ticket wait for the big red Q1 result.


Happy_lucky
181 posts

Posted by Happy_lucky > Jun 5, 2020 4:42 PM | Report Abuse

Qr sure better than petronm ,don't worry. Take your dividend from petronm until you wake up.


i3 newbie
159 posts

Posted by i3 newbie > Jun 5, 2020 4:57 PM | Report Abuse

this week end show hehe ..


ATARAH
3899 posts

Posted by ATARAH > Jun 5, 2020 5:14 PM | Report Abuse

Sslee
No worry ..we wait for you to be on board.
Does not matter what price.

As long as we know ...oil price keep going up.


ATARAH
3899 posts

Posted by ATARAH > Jun 5, 2020 5:16 PM | Report Abuse

BRENT now USD 41.13..still growing
So USD 45.00 is possibility next Tue.


Sslee
4307 posts

Posted by Sslee > Jun 5, 2020 5:19 PM | Report Abuse

HRC Inventories at 31/12/2019 is RM 1,491,087,000.
From Petronm report: Benchmark Dated Brent Crude fell by 52% from Dec 2019 average of USD 67 to USD 32 per barrel in March 2020.
Petronm inventories as at 31/3/2019: RM 524,419,000 as at 31/12/2019 RM 706,564,000

So Q1 how much HRC will write down the inventories as stocks losses?


i3 newbie
159 posts

Posted by i3 newbie > Jun 5, 2020 5:22 PM | Report Abuse

2019 AR:

Kenanga Nominees (Tempatan) Sdn Bhd
Pledged Securities Account for Goh Ching Mun 2,220,000 shares @ 0.740%

Oldtown boss in the boat hehe ...


Happy_lucky
181 posts

Posted by Happy_lucky > Jun 5, 2020 6:03 PM | Report Abuse

Fuel price up again https://www.thestar.com.my/news/nation/2020/06/05/fuel-prices-june-6-12-up-across-the-board#.XtoVhwiMUoI.facebook


Goodprofit
457 posts

Posted by Goodprofit > Jun 5, 2020 8:40 PM | Report Abuse

WTI almost 40


Goodprofit
457 posts

Posted by Goodprofit > Jun 5, 2020 8:40 PM | Report Abuse

on tuesday sure 4.30


ATARAH
3899 posts

Posted by ATARAH > Jun 6, 2020 5:34 AM | Report Abuse

Why oil price recovery has further to run

in Oil & Companies News06/06/2020

Is oil demand recovering?

Yes. Demand has taken a brutal hit from coronavirus, falling an astonishing 21 million b/d year-on-year in April on our estimates. But we’re already into the early stages of recovery and the outlook is promising as China, the US and Europe emerge from lockdown. Gasoline demand is bouncing strongly


ATARAH
3899 posts

Posted by ATARAH > Jun 6, 2020 5:35 AM | Report Abuse

Early stage of recovery ...bouncing strongly.
Wonder what the BRENT CRUDE OIL PRICE?

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