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Overview
Financial Highlight
Headlines
Business 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.
  3iii On hindsight. Reviewing Hengyuan since the recommendation by otb and his henchmen. The smartest players: otb and friends. The smart player: kyy The stupid players: r--d-r. (TP 45!) 26/08/2019 8:39 AM apple168 One dollar Money Game" Story begins like this... It is said that Yale University Professor KO once took out a one-dollar bank note. Please ask for the price of this bank note, starting at 5 cents. The increase is in 5 cents, and the highest bidder gets this $1 bank note, but the bid "highest and second highest" must pay the auctioneer the amount of the bid, which means that the second highest person must pay and can be obtained. This kind of unique dollar auction has invited everyone's interest. Many students started bidding. For convenience, I will only list the highest and second highest bids. Student A bids 5 cents Student B bids 10 cents Student A goes out to 15 cents Student B goes out to 20 cents... When the two students reached 45 cents and 50 cents, they started to feel a little bit wrong. At this time, if no one gives a higher price, the professor will lose 50 cents. At this time, A wants to lose 45 cents if he does not bid, so he continues to bid 55 cents, I thought I might earn 45 cents. Of course, B is not willing to lose, he has been 5 cents more than A. When A goes out to 95 cents and B goes out to 100 cents, B can't make any money, and A thinks if he doesn't bid. To lose 95 cents, you may lose only 5 cents if you continue to bid. Then A continues to out to 105 cents... B continues to go to 110 cents... ...... The last dollar was auctioned for $20! At first the students just had the opportunity to pay a few hundred cents for the professor's dollar. The most subtle design of this auction is that the second highest bidder also needs to pay the price he shouted, but in the end nothing can be obtained. Many people just fall into the trap because they are in the trap. The baby's heart is bitter, but the baby doesn't say it. It will drag those who want to take advantage of it into this money game, and eventually lose both. In fact, at first, students are feeling interesting and thinking that they can even make a small profit, but when the bids going higher, they actually feel that they are in trouble, but in order not to let themselves losing up, hence, continuing to bid, and finally, regret to participate in this auction. In reality, why do people fall into the money game trap again and again? We believe this is likely due to GREED! In order to earn pocket money, the result is "winning the sugar, losing the whole factory." There is “no elevator to success, you hv to take the stairs”. Good Luck! 26/08/2019 4:18 PM BullRun_93 anyone know KYY still owns this counter? am thinking of buying some. :/ 29/08/2019 1:55 AM 3iii How many in this forum were blinded by raider's dishonest promotion that this was the most undervalued stock? His target price of $45 led him to shout loudly his margin of safety. Hengyuan has illustrated that my friend raider was: Manic-depressive Does not know how to analyse business. Does not known how to value an asset conservatively. Most importantly, knows nothing about margin of safety. Philip is right in his opinion of raider too. 29/08/2019 6:40 PM Fam Jenny I attended a seminar n the speaker said Malaysia had very good business opportunies for the next five years n many millionaires will be created here through e-commerce n online business. So seize the chance if it is open to you. 29/08/2019 9:20 PM BullRun_93 @beginner20 is it because they bought some tangible assets? :/ hehe just guessing am not sure 30/08/2019 10:21 AM BullRun_93 lucky never buy this yesterday. you guys are smart never make noise. if you guys said buy yesterday i'm sure will kena kow-kow again. :D 30/08/2019 10:30 AM  enigmatic [Breaker of Speculative Investing] Fake breakout that day. This proves that Hengyuan is fundamentally atrocious & likely to be subjected to manipulation. Think TWICE before investing your money. 30/08/2019 5:58 PM 3iii What is the intrinsic value of Hengyuan? At one time, not too long ago, it was promoted as the most undervalued stock. According to active promoters, those who did not appreciate its huge margin of safety and did not buy, were fools. Which fools are swimming naked now the tide has receded? 01/09/2019 11:04 AM ks55 Stock: [HENGYUAN]: HENGYUAN REFINING CO BHD Dec 31, 2017 09:31 PM | Report Abuse When did Hengyuan pay dividend for the last time? 2013? When do you expect Hengyuan to pay dividend again? 2023? Like all Red Chips, if you still think Hengyuan is making 5 ringgit or 10 ringgit a year, and expect windfall dividend, you might as well wait for Xinquan to declare a 10 sen dividend. Sama-sama lah, all are red chips. Don't believe, check CAP, Maxwell, CSL, Xinquan, Xinghe, Kanger, CNOuhua, all were PE 1.5x, and all cannot afford to pay dividend. Later on fire will break out in their factories/ refinery. Be careful, when major shareholders start to unload, it will be like Maxwell owner selling her share at 2 sen......... 02/09/2019 12:01 PM Ekkram https://www.cnbc.com/2019/09/14/saudi-arabia-is-shutting-down-half-of-its-oil-production-after-drone-attack-wsj-says.html 15/09/2019 11:23 AM Ekkram Traders have scrambled to calculate what the limit move in oil would be, after Saturday’s drone attack on the ‘’world’s most important oil processing plant’’. And moments ago, Brent crude reopened for trading, exploding almost 20% higher, its biggest jump in 28-years time. https://oilprice.com/Energy/Oil-Prices/Oil-Price-Explosion-Brent-Crude-Jumps-20.html?utm_source=browser&utm_medium=push_notification&utm_campaign=VWO_Engage_notification_1568607311&_p_c=1 16/09/2019 10:49 AM Ekkram Traders have scrambled to calculate what the limit move in oil would be, after Saturday’s drone attack on the ‘’world’s most important oil processing plant’’. And moments ago, Brent crude reopened for trading, exploding almost 20% higher, its biggest jump in 28-years time. https://oilprice.com/Energy/Oil-Prices/Oil-Price-Explosion-Brent-Crude-Jumps-20.html?utm_source=browser&utm_medium=push_notification&utm_campaign=VWO_Engage_notification_1568607311&_p_c=1 16/09/2019 10:49 AM ChoCho Dow Jones' o&g sector/counters are very green now. Independent explorers/drillers, equipment/pipeline suppliers, refinery all are benefiting from the Aramco refinery fire. 16/09/2019 10:55 PM CyrusQ Most counter moving slow and progressive. , What about this ? any pros advice ? 17/09/2019 11:04 AM Ekkram the fire damage is not a day or a week repair job. so siapa lambat harini akan tinggal bas..... 17/09/2019 11:38 AM Ekkram buy & hold till Nov qtr result, surely beat the '18 result EPS -40.83 then time to sell la. 17/09/2019 12:19 PM pang72 Saudi refinery being attack, to my understanding refinery margin shall elevated hence benefit to hengyuan? This happened long ago the largest refinery in Europe caught fire.. Crack spread up... 17/09/2019 6:24 PM GooShen Those who chase high today, tmr you need to cut loss. Oil price drop as bad as 7% now. 17/09/2019 10:42 PM KooSan HengYuan didn't go Holland because it is Heng and Huat. Petron is the one went Holland instead of Philippines 18/09/2019 10:02 PM KooSan Tension between the United States and Iran has been rising since President Trump abandoned the Iranian nuclear agreement last year and the attack on the oil facilities has spurred concerns of an escalation into a new war. 22/09/2019 3:20 PM  |
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