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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.
  arubaato Has not affected supply hmm.. https://www.malaymail.com/news/malaysia/2020/05/23/port-dickson-oil-refinery-fire-has-not-affected-supply-says-domestic-trade/1868937 23/05/2020 8:25 PM Rakuten88 https://www.thestar.com.my/business/business-news/2017/08/19/hengyuan-takes-advantage-of-low-oil-prices/ Exactly 3 years ago almost same scenario.. For those who are willing to risk might be rewarded. Good luck 23/05/2020 8:30 PM alvin5588 https://focusmalaysia.my/mainstream/fire-at-hengyuan-refining-storage-tank-in-port-dickson-put-out/?utm_term=Autofeed&utm_medium=Social&utm_source=Facebook&fbclid=IwAR2Ng2Te16kO9jK4CnviITmLwj6gfI1ujyq8jiBNW58hEEjungVbMQr_p38#Echobox=1590233308 24/05/2020 9:04 AM  Mabel @GooShem Mabel, naik apa ? petronm rugi duit, mco petrol station semua rugi. 23/05/2020 7:23 AM All Gloves Fantastic 4..Naik.. This one waiting for the right price to reenter.. Meow 24/05/2020 7:58 PM ATARAH Only one tank burn ..can claim insurance Small matter. Big matter TOKYO MCO open up AUSTRALIA PM address nation in preparation open up economy .. Dont dare to see oil price ...up or down Check it out check it out now.. HY No of shares only 300,000 Anytime can trajectory to RM4.20 . Just like that...tomorrow we see Most nation economy open up. How the oil price will go down People already adjust to new normal..loh Go out but be cautious follow new normal live. Go out in bicycle ? Or walking? Used vehicle loh ...use oil .. Oil price up ..HY up faster . Another 2 weeks ..HY price is Anyway not a call to buy ..because already bought .. For call warrant watch expiry..date for mother No expiry . . 26/05/2020 1:12 PM ATARAH Hong Kong (CNN Business)Asian stocks rose on Tuesday, as a growing number of cities and countries around the world take steps toward re-opening. 26/05/2020 1:35 PM Rakuten88 Oil going up. Big economies opening up this week. Refiners should gain from the current low oil price and market opening 26/05/2020 1:53 PM Rakuten88 Mf guy has been telling run in rubberex then comfort then started following the rubbermania trend. Lol 26/05/2020 4:50 PM ATARAH Column: Hedge funds build large bullish position in WTI - Kemp Reuters | May 26, 2020 08:05AM ET 26/05/2020 11:30 PM ATARAH 26.05.20 Brent oil broke another record from usd 36.06 To usd 36.17. Heavy profit taking when it did reach USD 36.67 before closed on usd 36.17 Which is healthy and above previous high of USD 36.06 27.05.20 Currently trading and profit taking continue But will it close..above usd 36.17 in the announcements of major city around the world Opening up again to resume NEW NORMAL LIfe. How high will oil rally ...within this week And what will be HY closing price today or this week? 27/05/2020 2:01 PM Happy_lucky Hengyuan is refining company will no much effect by petronas' capex... 28/05/2020 8:34 AM Happy_lucky Hengyuan now is better than other o n g company ,because that only focus on the refining . The profit depends on crack spread, when the crude oil price decrease ,the cost will decrease and increase the crack spread profit but demand will decrease and the sale of volume also decrease. When the crude oil price increase, crack spread will be narrow but the demand will increase, demand increase and the sales of volume will increase , so overall increase the profit. 28/05/2020 9:01 AM ATARAH Wow Happy .. You are so knowledgable in this Industry . Especially HY. That is important research note HY. 28/05/2020 1:18 PM Happy_lucky Be patient .now all selling just for chasing the counters related with health care like gloves counter. Waiting volume coming. Hengyuan is a best company with good management team. 28/05/2020 4:21 PM lmy059c Happy_lucky, thanks for explaining crack spread. In addition,I would like to add that there is another factor affecting the profitability of an oil refinery such as Hengyuan, Petronm and Hibiscus for a particular quarter ie Stockholding Gain or Loss. This factor has been clearly explained by Bursa Master in this forum dated 22 Feb 2020. A refinery will GAIN if the crude oil stored in the storage while waiting to be refined, increases in price. Conversely, it will LOSE if the oil price drops during the period. This explains why Petronm suffers hugh losses while Hibiscus has greatly reduced profits for 1Q 2020.Unfortunately, Hengyuan will also most likely report an unfavourable 1Q 2020 result ??? Note that Brent crude oil price was abt USD 60.00 on 1 Jan 2020 and abt USD25.00 on 31 Mac 2020 (Falling prices) If this factor is correct, then we should see very very good results for the next few quarters ???? Increasing Prices !!! Just imagine from a low of USD 19.00 to USD30, USD40 ….. and perhaps USD80.00..... for the next few quarters.. Please refer to the very helpful and detailed Bursa Master article for better understanding.. 28/05/2020 10:04 PM Happy_lucky You're right. But normally they will stock the inventory about 18-30days and they use the FIFO technique which is first in first out. When price suddenly falling down will make it loss of crack spread cause the inventory loss, but after they clear all the highly cost of crude oil and start to enjoy the high profit of crack spread. Hibiscus is upstream o n g company so the volatile of oil price will highly effect their profit. When oil price suddenly falling sure make them huge loss because the cost operation is higher than sales's price. Petronm suffer huge loss due to the volatile of crude oil price cause the crack spread become lower( 1), demand down decrease the sales (2). loss of marketing business due to mco and the worker need salary no matter business is good or bad (3). Other expenses increase (4). Petronm is refining and marketing company sure will suffer huge impact rather than hengyuan but hengyuan only focus in refining and supply to shell and other company .Just my opinion, sorry and thank you. 28/05/2020 11:42 PM ATARAH HENG YUAN will strike back up. Oil price rebound greatly..proven cannot be suppress.. as world city economy open up Ans OPEC + continue production cut till DEC 2020...heading to USD 40 soon next week ? 29/05/2020 6:36 AM ATARAH Only 300,000 shares easily trajectory up. Qtr profit coming ? Will be surprise ? 29/05/2020 6:40 AM rizerlee Personally i don't worry short term sales impact to HY or Petronm due to lockdown i'm concern travel habit of public might changed in upcoming 1 to 2 year. i was resume work and traffic are much less crowded. My company decided to allow worker work from home even if government didn't extend CMCO after 9th June. Company and personal habit did changed a lot after this pandemic. 29/05/2020 11:36 AM Happy_lucky Uncle kyy waiting a best time to enter, now he still at comfort .When comfort suddenly falling down sure come here again. 29/05/2020 1:01 PM  | |
