Highlights
KLSE: HENGYUAN (4324)       HENGYUAN REFINING CO BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
13.04   +0.04 (0.31%)  13.02 - 13.16  785,300
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Overview

Market Cap: 3,912 Million
NOSH: 300 Million
Avg Volume (4 weeks):3,153,858
4 Weeks Range:12.14 - 15.16
4 Weeks Price Volatility (%):
29.80%
52 Weeks Range:2.83 - 19.20
52 Weeks Price Volatility (%):
62.37%
Average Price Target:-

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2017[#3]  |  30-Nov-2017
Next QR | Est. Ann. Date: 31-Dec-2017  |  28-Feb-2018
T4Q P/E | EY: 4.19  |  23.86%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 5.526  |  2.36
T4Q NP Margin | ROE: 8.47%  |  56.31%

Headlines

Date Subject
08-Feb-2018 下跌股:恒源炼油RM12.40支撑
06-Feb-2018 HENGYUAN Part 9 (Loan Restructuring Gain and Latest Crack Spread in Jan) (Davidtslim)
03-Feb-2018 Q4 EPS: HENGYUAN 138 cents, PETRONM 28 cents
30-Jan-2018 下跌股:恒源炼油RM12支撑
30-Jan-2018 Heng Yuan : It Is A Falling Knife or Diamond ?
28-Jan-2018 HENGYUAN 恒源第八篇:估值,第四季度盈利及2018年第一季度裂解价差
28-Jan-2018 HENGYUAN Part 9(a): Crack spread data in Jan 2018 (Davidtslim)
24-Jan-2018 PublicInvest Research Headlines - 24 Jan 2018
24-Jan-2018 Mplus Market Pulse - 24 Jan 2018
22-Jan-2018 (richDad): HENGYUAN - 3 Common Mistakes Short Term Investors Made
21-Jan-2018 Hengyuan: Why the Share Price Fluctuates so Wildly, Widely and Frequently? Koon Yew Yin
20-Jan-2018 上升股:恒源炼油阻力RM16.60
19-Jan-2018 HENGYUAN Part 8: Valuation, Q4 profit and Q12018 Spread (Davidtslim)
19-Jan-2018 Hengyuan: Psychology in Share Investment - Koon Yew Yin
19-Jan-2018 A brief explanation on the short correction of HengYuan
18-Jan-2018 Hengyuan's Wild Price Fluctuation & How to React? Koon Yew Yin
17-Jan-2018 Call Warrant: TALES OF PETRON AND HENGYUAN - Afiq Isa
17-Jan-2018 Daily Technical Highlights - (JOHOTIN, HENGYUAN)
17-Jan-2018 Heng Yuan : Does HENG YUAN Q4 MARGIN DROP 20%??? Bullshit!!! (Part 2)
16-Jan-2018 下跌股:恒源炼油RM13.40支撑

Business Background

Hengyuan Refining Company Berhad engages in the refining and manufacturing of petroleum products in Malaysia. The company was formerly known as Shell Refining Company (Federation of Malaya) Berhad and changed its name to Hengyuan Refining Company Berhad in March 2017. The company was founded in 1960 and is based in Port Dickson, Malaysia. Hengyuan Refining Company Berhad is a subsidiary of Malaysia Hengyuan International Limited.
Analyze this stock with MQ Trader system

  18 people like this.
 
SuperPanda I dare say here all my stock pick rest of 2018 and my capital allocation. All buy in Jan/Feb this year before qtr out. You write and save and later evaluate how they perform.

Masteel 30% ave 1.16
HY 30% ave 13.40
Dayang 20% ave 0.75
VS-WA 10% ave 1.25
KGB-WA 10% ave 0.35

Im not millionaire. Small cash capital 200k only. No contra play and no financing.
16/02/2018 11:18
Huatar333 aiya...even hy drop to 2.00 they will still bark and said they bought at 0.90 art of lies ..and when they can't accept the fact they will report ppl who don't follow them or goes against them ..loser kikikiki
16/02/2018 11:57
traderman panda also not that super...
16/02/2018 12:33
Kesley Tan buy back some for q4 KEKE
16/02/2018 13:17
deMusangking smart move! price hovering ard this price range, more upside than downside
16/02/2018 13:19
SuperPanda im not super but i dont write rubbish like y'all. just read your own comment, all empty can and worthless.

early 2017 probability keep posting crack spread margins, so do stockraider but y'all barking all the way from rm3 to rm19.

i can bet and confirm now, once qtr out and record good earnings, y'all will be barking same rubbish again. finger cross. ha ha.
16/02/2018 14:51
deMusangking agree! those naysayers instead of enjoying CNY, come n talk rubbish!!!
16/02/2018 14:53
SuperPanda just keep record of my stock selection, then you evaluate end year.

and if you think you are good in invest, why not publish your 2018 selection here. but i dont expect y'all will. all empty can, rubbish. losers in stock market.
16/02/2018 14:55
probability DECEMBER 12, 2017 / 4:01 PM / 2 MONTHS AGO
COLUMN-Forties pipeline outage is a gift to U.S. oil exporters, others: Russell

https://www.reuters.com/article/column-russell-crude-asia/column-forties-pipeline-outage-is-a-gift-to-u-s-oil-exporters-others-russell-idUSL3N1OC1YP

This widened the premium of front-month Brent over WTI CL-LCO1=R to $6.74 a barrel, up from $4.76 as recently as Nov. 24. The spread is closing in on the $7.07 touched in September when Hurricane Harvey knocked out U.S. Gulf Coast refineries, temporarily cutting crude demand.

The blowout of the Brent-WTI spread in September saw a flood of U.S. crude head toward Asia, with vessel-tracking data showing that top global crude buyer China imported a record 293,000 bpd in November.
16/02/2018 16:03
probability From the above same article, it seems that other Sour crude (middle east) which are none equivalent to sweet crude (Brent) did not obtain the same benefit as they follow Brent pricing trend.

My understanding is if Petron had been using a much sour crude than Brent, they are unlikely able to displace it with WTI. If they had been using Brent equivalent then they could switch. I am more inclined to belief on the former.


https://www.reuters.com/article/column-russell-crude-asia/column-forties-pipeline-outage-is-a-gift-to-u-s-oil-exporters-others-russell-idUSL3N1OC1YP


MIDDLE EAST CRUDE IMPACT

While it’s true that the higher Brent price is mainly an issue for African exporters such as Angola and Libya, the flow-on effect on other crude benchmarks is likely to hit major Middle East exporters as well.

This is because Middle Eastern crudes are becoming more expensive vis-a-vis WTI as well.

The main regional futures contract, Dubai Mercantile Exchange’s Oman, has been following Brent more closely than WTI.

The contract closed on Monday at $62.20 a barrel, matching the 2-1/2-year high reached on Nov. 6.

This put Oman at a premium of $4.21 a barrel to WTI, well above the 52 U.S. cents that prevailed at the end of last year and the 42 cents on June 30.

Oman is more of a benchmark for Middle East heavy crude grades, as opposed to WTI being a light, sweet crude.

The wider the premium of Oman over WTI, however, the more likely refiners in Asia that can be flexible with their crude slates will seek to switch to oil priced against WTI.


Posted by Prudent2 > Feb 16, 2018 10:05 AM | Report Abuse

Hi Probability.. “Gong Xi Fa Cai”
being a while, still read your technical analysis/report though, it’s good.
Is your technical analysis/report applicable to PetronM as well ??
Noticed our pioneering batch no longer in this forum except for a few...
To all the investors here “Gong Xi Fa Cai “ too...
16/02/2018 16:14
probability "This widened the premium of front-month Brent over WTI CL-LCO1=R to $6.74 a barrel, up from $4.76 as recently as Nov. 24. The spread is closing in on the $7.07 touched in September when Hurricane Harvey knocked out U.S. Gulf Coast refineries, temporarily cutting crude demand.'"


IF A REFINERY CAN HEDGE CRACK SPREAD BASED ON PRICE OF MOGAS95 and DIESEL AGAINST BRENT just to ensure they do not lose margins by 1 USD/brl.......why not hedge margins against WTI which provides a whopping EXTRA 4 USD/brl margin during 4th qtr 2017?

Chinaman not that smart?

In fact there are news that particular Chinese refineries from Shandong region started sourcing WTI.
16/02/2018 16:35
SuperPanda Prev year Petron qtr out on 22, HY on 28. It will come soon and pls expect those gang will also post rubbish even if it up back to 19.

Even might reg new name but actually the same person and keep writing rubbish.

Why write rubbish? Bcoz they dont understand what brent, wti, sweet, light, sour and various other type of crude oil. They dont even read it. If they read, they will not understand bcoz their intention is not to understand the trade, ship, logistic and regional matter. They dont know how shale is produced and how much shale in the us now. They dont read what eia said. And dont even know that opec, russia and team had extend cut until rest of 2018. These are the things one have to understand before trade in o&g or refine biz. The trade itself is important because trade determine price and price brings profit margin, thus gives return to investor.

They also dont read Davidtslim crack spread analysis. Crack spread is the most important in refine biz. Even if the price of crude go high, it doesnt mean refine will earn more. Higher crude will benefit o&g sector especially on e&p e.g. hibiscus and petronas carigali. if e&p runs, then service provider of osv and epcc, epcm will have more contract. Service provider e.g. dayang, carimin, perdana, etc.
16/02/2018 17:59
hengyuantohit50 nonsense....
16/02/2018 18:25
deMusangking full of sense
16/02/2018 19:22
16/02/2018 20:49
traderman once result out will go 9
16/02/2018 21:41
SuperPanda pity, only know to say 12, 9, down, sell and run. zero knowledge investor.
17/02/2018 00:02
SuperPanda another word, sink, red and game over. all in hengyuan.

but surprisingly, traderman comment buy more at hiaptek. ha ha. buy hiaptek... lol. more worst than melewar.
17/02/2018 00:07
satan118 Heng yuan. HENG AR!!! Dog year. ONG AR!!! Together we HUAT AR!!!
17/02/2018 08:02
Huatar333 nonsense..gg
17/02/2018 08:08
Huatar333 satan words can trust? the evil barking every morning poor thing kkkiki
17/02/2018 08:15
bgt9963 Buy at your own risk and do your research on the co before you part with your hard earned cash..my 2sens..!
17/02/2018 08:41
satan118 Just sharing, i bought HY @ RM8.40 in mid of Nov 2017. It takes 1.5 month to reach high of RM18. (Is RM9.60 or >100% up). 

 Special thanks to Stockraider & Probability sifus for their sharing of info here. If not i would sold it @ RM10.00 already. 

So, current price of RM13 to reach RM28 or similar % is very very possible loh. After all the PE is just <8 if EPS RM3.80.  

REMEMBER ALL EYES ON HENG YUAN IN END OF FEB 2018, HY IS NEW EPS KING IN BURSA. DIVIDEND SOON WILL BOOST THE PRICE.  

So, i need not anyone to trust me. HY is about to fly high very very soon. Mark my words.

This is just my prediction, not an advise to buy/hold/sell. Thanks
17/02/2018 09:00
traderman superpanda u better swap ur hengyuan to hiaptek. 0.6 soon.
17/02/2018 11:00
traderman satan buy 8.4 no sell 19.2 lol. now wipe off 6 dollare... heart must be pain like mad
17/02/2018 11:01
Sthuat Hi, I m newbie. I want to ask what is the main factor making hy price drop? What will happen to hy if crude oil increase?
17/02/2018 11:38
oooooooo ur body odour betrays you!! u r the mad dog the trader!
17/02/2018 12:03
satan118 @pondan traderman, dividend yet/q4 yet/RM28 yet lah. Not like u 50 sen cabut liao.
17/02/2018 12:33
oooooooo yes, the pondan traderman lost a lot at anzo!!! he came here to cry like mad dog!
17/02/2018 12:56
oooooooo yes! karma is working against the pondan traderman
17/02/2018 12:57
traderman lol...dividend? haha.... huge debt how give dividend???
17/02/2018 13:08
ChampionCw Hi guys Petron M can also buy ah can recommend ?
17/02/2018 14:01
SuperPanda buy hiaptek??? lol. you better sell now b4 next qtr. it will hit by debt and impairment cost like 2 prev qtr drop from 44c to 36c. better run.
17/02/2018 14:43
satan118 @pondan traderman, do u know cash flow? > RM1 BILLION cash flow unable to pay dividend meh? Go back to school to understand loh.
17/02/2018 14:49
traderman lol u better sell hy now before result out. last warning
17/02/2018 15:54
Huatar333 even 10 billion cash flow hy won't pay div..first time buy shares this satan ..hy style u wait long long la..dream they give u poo kikikiki
17/02/2018 16:00
Huatar333 tradesman let them suffer ba they need to taste what's falling knife like let it be once qr they all run like a dog
17/02/2018 16:02
mneo Time is near ...... Dog year is an auspicious year for HY... The coming quarter report for the 4rd quarter 2017 will be remarkable well based on the crack spread and management of China.... Those who have not bought and hesitated can wait till the quarter report out then decide..... 1 lot is just 100 share.... Those who want to buy can buy within own affordability ....As usual, many Mr Dooms here can continue to bad mouth about HY or forecast crash is Imminent for US , Malaysia market etc.... It is normal.... This is because HY is super counter..... Everyone want to buy cheap.....
17/02/2018 17:49
Championmbsbnsimecw But petronm can ah advise please loh
17/02/2018 18:15
Stock999 http://donovan-ang.blogspot.my/2018/01/commodities-cyclical-upturn-to-come.html?m=1
17/02/2018 19:47
probability NOVEMBER 13, 2017 / 6:19 AM / 3 MONTHS AGO

COLUMN-U.S. crude oil exports to Asia soar, complicating OPEC's efforts: Russell

https://www.reuters.com/article/column-russell-crude-asia-idAFL3N1NJ17M

"Imports from Malaysia are up 500 percent, those from Britain by 95 percent and from the Republic of Congo by 459 percent.""
17/02/2018 20:48
probability When Hurricane Harvey struck the U.S. Gulf coast in late August one of the initial impacts was a drop in the price of West Texas Intermediate (WTI), the main U.S. light crude grade.

At that time it became likely that U.S. exports to Asia would ramp up given that WTI’s discount to the global benchmark light crude, Brent, widened to $5.46 a barrel at closing prices on Aug. 29.

This was enough of a gap to overcome the higher freight rate to ship from the Gulf coast to Asia, compared to similar grades of crude from African producers such as Angola and Nigeria.

WTI’s discount to Brent had been just $2.48 a barrel at the end of July, which made it harder to make a profit shipping U.S. crude to Asia.

But instead of narrowing back as refineries recovered along the U.S. Gulf coast after Harvey and started processing crude again, WTI’s discount to Brent has remained at elevated levels.

At the close of Nov. 10, Brent commanded a $6.78 premium over WTI, which is even higher than what it was in the immediate aftermath of Harvey.
17/02/2018 20:51
probability CHANGING MARKET DYNAMICS

While the volumes aren’t enough to threaten the position of Asia’s major suppliers, such as OPEC heavyweights Saudi Arabia, Iran and Iraq, as well as Russia, it is enough to complicate the efforts of OPEC and its allies to re-balance crude oil markets and send prices sustainably higher.

For example, China, the world’s top crude importer, has been ramping up purchases from the United States, taking the equivalent of about 127,000 bpd of U.S. crude in the first nine months of the year.

While this makes the United States only China’s 15th biggest supplier, it represents a staggering 880 percent increase on the same period in 2016.

Other non-traditional suppliers to China have also been making inroads as OPEC and its allies acted to curb output.

Imports from Malaysia are up 500 percent, those from Britain by 95 percent and from the Republic of Congo by 459 percent.
17/02/2018 21:00
Sunshine88 thanks probability for all your efforts
17/02/2018 21:04
probability WHICH REFINERY in Malaysia dare to import 500% more WTI crude from U.S?

Petronas...and Petronas JV with Conoco Philip in Melaka?
instead of using Malaysian super sweet crude and lose their relationship with Saudi?

Petron.... designed for sour crude..just for their 45 k bpd refinery?

WHO else??
17/02/2018 21:11
probability Asia Develops a Taste for U.S. Oil Exports
By Javier Blas
September 27, 2017,

https://www.bloomberg.com/news/articles/2017-09-26/from-houston-with-love-asia-s-bitten-by-the-u-s-oil-export-bug

For decades, Asian oil buyers relished Tapis from Malaysia, Seria Light from Brunei, Duri from Indonesia, and Daqing from China. Now, as plunging regional output starves them of high-quality crude, they are developing a taste for something new.

“U.S. crude is becoming more and more popular,” said Wang Pei, an executive at the trading unit of China Petroleum and Chemical Corp., the world’s biggest refiner, that’s known as Sinopec. “Our refining system really likes U.S. crude.”
17/02/2018 21:29
arv18 Asia Develops a Taste for U.S. Oil Exports ????

Is this some special kind of fake news?
17/02/2018 22:07
Huatar333 long doesn't means is facts just beware
17/02/2018 22:17
probability Long ago in year 2014: Shell did buy WTI Crude from U.S

http://www.freemalaysiatoday.com/category/business/2014/12/01/asia-stops-buying-us-crude-oil/

Royal Dutch Shell bought the last cargo coming to Asia, due to arrive at its Singapore refinery in December. But as a result of the price shifts, no more cargoes are expected to head east for at least the next two months, three traders who specialise in the market said.
17/02/2018 23:01
satan118 Special thanks to Probability sifu for his hard work to find such a valuable info.     

Will foresee HY makes much more profit if they will fully use a much cheaper cost of WTI crude with savings of appx. USD3 per bbl.    

Imagine how much EXTRA PROFIT p.a.?    
Just an estimate figure.    
40m bbls(appx)×3Usd= USD120M (×3.90)    
= RM468M    
=RM1.56 per share EXTRA PROFIT!!! 

Anyone still believe only EPS in 2017 for WORLDCHAMPION HY is the HIGHEST ever?    
Ans. IT WILL GO EVEN HIGHER SOON IN 2018 ONWARDS!!!    
POTENTIAL FUTURE EPS TOWARDS ABOVE RM5.00!!!  (RM3.80+RM1.56)    

This is the beauty of CHINAMAN doing the business.
18/02/2018 04:02


 

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