Highlights
KLSE: HENGYUAN (4324)       HENGYUAN REFINING CO BHD MAIN : Energy
Last Price Today's Change   Day's Range   Trading Volume
5.16   +0.19 (3.82%)  4.98 - 5.23  431,000
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Annual Report

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Financial Year Annual Audited Account Annual Report View
Ann. Date Ann. Date
31-Dec-2018 26-Apr-2019 View Annual Result
31-Dec-2017 25-Apr-2018 View Annual Result
31-Dec-2016 28-Apr-2017 View Annual Result
31-Dec-2015 19-Apr-2016 29-Apr-2016 View Annual Result
31-Dec-2014 10-Apr-2015 29-May-2015 View Annual Result
31-Dec-2013 30-Apr-2014 06-Jun-2014 View Annual Result
31-Dec-2012 05-Apr-2013 05-Apr-2013 View Annual Result
31-Dec-2011 05-Mar-2012 View Annual Result
31-Dec-2010 15-Apr-2011 View Annual Result
31-Dec-2009 12-Apr-2010 View Annual Result
Analyze this stock with MQ Trader system

  27 people like this.
 
CyrusQ @itch - 19.20 ? Haha can meh ?
01/07/2019 11:37 AM
itch raider said can mah...kikiki
01/07/2019 9:33 PM
(HK1997 again) Philip Investing is the only industry where everyone is an expert. Or thinks they know more than everyone else. I readily admit I know little about running businesses, but I follow the trail, smell and patterns of wonderful businesses.

My job then becomes easier, start with the wonderful business first, then buy a little and follow it along the way, all the whole adding my position on those that keep performing year after year.

I have learned that the share price and dividend increase usually follows in time.
01/07/2019 9:40 PM
CyrusQ @itcy - haha raider lolz , tomb raider or mask raider haha
01/07/2019 10:00 PM
witchslayer yah gah.
01/07/2019 10:25 PM
stockraider GO AND BUY INSAS TO PROTECT YOURSELF THE COMING TSUNAMI LOH....!!

Remember loh...u need to do it quickly & solve the problem b4 the tsunami of sub prime strike msia shore mah.....!!
Remember this loh....!!

If u cannot afford to buy a piece of property, do not despair loh....!!
Raider advice u to continue to stay with your parent or continue renting mah...!!
Save up by investing in undervalue Insas, it is a natural hedge against inflation and appreciation and property price loh....!!

Investing in insas will help u to own your property much faster than savings your monies in the bank loh....!!

Just invest in insas every month....and accumulate your wealth steadily loh....right now is the best opportunity loh....!!


Enough had been said in urging the govt to relax foreign buyers requirement to buy properties in msia loh....!!

From what raider had found....calvin, sslee and icon are positive of govt to go ahead with relaxing the reqn...the rest like sohai Philip is against it loh....!!

Pls note raider has only a small exposure on talam, even the foreign reqn is relax Talam would not benefit bcos its target market is local mkt especially medium cost property loh...!!

But certainly relax the foreign buyers purchases are positive to the economy loh....!!

Do not let pride & nationalism to blind...the obvious positive things the govt need to do to tackle the current problem.

The issue is msia economy is facing crisis due to property glut...but these people talkcock...instead of solving the problem...talkabout national pride loh....!!

Posted by stockraider > Jun 29, 2019 10:18 AM | Report Abuse X

Very stupid analysis this Philip loh....!!

I m surprise as an engineer this sochai do not understand economics and its implications & the consequence of Rm 200b worth of excess, glut and surplus properties impacting the economy loh...!!

1. Just imagine Rm 200b of unproductive properties if can free up and put up to productive use that will free up capital generate Rm 8 billion opportunity cost on resources save at 4% pa loh...!!

2.Do u know, if developer stucked with Rm 200b property, it will create downturn in the economy upto Rm 1 trillion based on multiply effect leh ?? The consequences there will be less low cost and lower middle cost property to build bcos developer is unable to cross subsidize loh...!!
Govt will get less revenue bcos less stamp duty on transactions, quit rent, assessment, property premium, development contribution etc.
The small contractors and building suppliers will have less opportunity to build houses mah..!!
Thus less people will go to karoake, pub, shopping and thus there will be less good quality paying jobs etc loh...!!

3. We need to address the Rm 200b property problem quick mah..! Do not give your silly stupid imaginary excuse that Rm 3m flat issue loh..!!
This is realy a low and medium cost property not cover under the Rm 200b glut and foreigner not allow to buy mah...!!

4. We should relax the property reqn and encourage the foreign investor to buy and only after we have cleared the rm 200b glut problem, then think of your imaginery problem and if need be, we can always tighthen the condition again if necessary mah...!!

5. Please take note....most of the wealth of nation is in property about Rm 50 trillion loh....just imagine if property price collapse by 30%, rm 15 trillion will be wipe out from the nation wealth loh...!!

SO PLEASE DON PLAY WITH FIRE, SOLVE THE PROBLEM B4 TOO LATE. DON CREATE A SELF IMPOSE SUB PRIME FOR MSIA AND AVOID PHILIP SOCHAI MENTALITY AND BAD ATTITUDE AND CHARACTER LOH...!!

PROSPER THE NATION AND ENCOURAGE MORE INVESTORS LOH...!!
GROW THE NATION WEALTH WITH RIGHT POLICY LOH...!!

If pakatan govt is not careful & allow the wild fire spread to a deep recession, the next general election, u find a new Taliban UMNO-PAS Govt loh...!!

I m not surprise the KLSE index may fall as low as 600 bcos of obvious lack of confident & a run of monies away from Msia loh..!!

Non bumi & non muslim freedom will be control by these Taliban loh...!!

It will mean msia another afghanistan loh....!!
01/07/2019 10:26 PM
witchslayer yah gah.you God gah.
01/07/2019 10:29 PM
(HK1997 again) Philip A long time ago I came to the realization that hengyuan is not a wonderful company. Why did I think it so? If it was a wonderful company, Shell would not have sold it at Rock bottom proceed to a China company, and someone somewhere would have paid a higher price for it.

There are however, stockraider who think hengyuan is worth 35.
01/07/2019 10:44 PM
CyrusQ Worth 100 also no use , no movement
03/07/2019 10:43 AM
abangcha • *Hengyuan Refining Co Bhd's* board has approved the full fund release amounting to US$26.61 million (about RM110 million) for the Euro 5 gasoil project.
08/07/2019 8:21 AM
CyrusQ What’s the outcome of this counter ?
10/07/2019 5:02 PM
abangcha Can fly this month
11/07/2019 4:21 PM
kelvin tp 22 by cny 20xx
13/07/2019 11:01 AM
abangcha Downtrend
16/07/2019 3:41 PM
ks55 All cracking spread sifus having meeting in holland?
17/07/2019 2:10 PM
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.........
17/07/2019 2:13 PM
abangcha Sell, sell,sell
18/07/2019 9:54 AM
wisdomtot so quiet recently..means good time to enter.. early birds catches the worms, or leave empty beaked =)
24/07/2019 11:07 AM
SuperPanda seems like its will re visit 4.50 back
29/07/2019 4:02 PM
CyrusQ Whats the status of this counter ? Keep falling ?
01/08/2019 11:49 AM
CyrusQ Any news with this counter ?
05/08/2019 3:09 PM
Fam Jenny I totally agree with Rafidah that calligraghy should not be in the syllabus as it overloading the chinese students with too many foreign languages.First they have to master bahasa melaysia and english which are not their mother tongue language as they speak their own dialect until they start schooling.When they are in school,it is tough to learn the strokes for chinese language which are totally new besides a,b,c.... and grammas for bahasa and english.Now you still want them to learn another language,calligrapy for fun.
Please don't torture them further as children and let them have some joy of life as students.
It is much wiser for you to help them to master bahasa malsysia,chinese n english languages with more allotted time than study calligraghy which is not used globally.
07/08/2019 11:57 PM
Ekkram huh, 'to master bahasa melaysia?' is that how you spell?
08/08/2019 2:55 PM
Fam Jenny Just a spelling mistake n not sitting for examination so not so serious with perfection here.
08/08/2019 6:32 PM
Fam Jenny Oh,another mistake,'bahasa malsysia',it should be ,'Bahasa Malaysia'.
09/08/2019 9:17 AM
stockraider Remember bahasa melayu are use in indonesia, some southern thailand, some part of phillipine....but these countries bahasa melayu in a way not entirely similiar to msia bahasa melayu mah...!!

So msia bahasa melayu should be called bahasa malaysia loh...!!

Posted by Fam Jenny > Aug 9, 2019 9:17 AM | Report Abuse

Oh,another mistake,'bahasa malsysia',it should be ,'Bahasa Malaysia'.
09/08/2019 11:12 AM
CyrusQ What’s the outcome of this counter ? So quiet ?
14/08/2019 9:45 AM
Robinson raider is back! so tp 22 by cny?
14/08/2019 12:04 PM
Alex™ hehe... anybody home
16/08/2019 12:06 PM
CyrusQ Any status of this counter ? It seem like back online.
19/08/2019 11:21 AM
CyrusQ If possible to dive deeper 2$ ?
19/08/2019 11:22 AM
Ekkram Marubozu! Go go go!
19/08/2019 4:32 PM
Airline Bobby When rm10 .... The "gurus"will come back . Dont worry.
19/08/2019 8:42 PM
enigmatic [Breaker of Speculative Investing] The hot stock of 2017-2018 is back in action
20/08/2019 3:04 PM
Kayme Petrochemicals 16 Aug 2019 | 07:09 UTC Singapore

Analysis: China's faltering car sales crimp petrochemical, gasoline demand

Singapore — Chinese gasoline and petrochemical demand growth is under pressure from decelerating automobile sales that are expected to worsen this year, exacerbated by a slowing economy, and the currency and trade dispute with the US.

The slowdown threatens the margins of key petrochemical producers in China and other parts of Asia, and paves the way for a growing glut of gasoline supplies flooding regional markets, weighing down on prices and refining margins.

Chinese motor vehicle sales in the first half of 2019 plunged 14.35% year on year to 12.18 million units, according to China's National Bureau of Statistics, reigniting worries of a second consecutive year of falling sales.

China's wholesale car sales dropped 7.8% on year to 1.73 million units in June, despite retailers offering discounts of up to 30% to destock inventories of cars with old emissions standards. Sales are expected to fall 11% on year in 2019, according to S&P Global Platts Analytics.

"As such, we estimate passenger vehicle wholesales will continue dropping by 13% year on year in 3Q19. The decline will likely ameliorate to -2.7% year on year in 4Q19 on the back of year-end discount offered by retailers," Platts Analytics said in its latest China oil market forecast.

"There is no sign of recovery in the Chinese car industry anytime soon amid the US-China trade war, which has extended into the currency war now," Eun Young Lee, equity research vice president, at DBS said.

The International Energy Agency said that while worldwide car sales could drop by 5% this year as the economy slows, the decline will be particularly pronounced in China, which represents a third of global car sales.

The bleak outlook for Chinese car manufacturers is having a direct impact on gasoline and petrochemical demand.

BEARISH ABS AND SBR MARKETS
"Together with a strong increase in production capacity and a general slowdown in economic activity, the sharp drop in automobile sales explains part of the difficulties currently experienced by the petrochemical sector," the IEA said in its latest monthly report.

It added that carmakers use a lot of plastic and petrochemical products, and petrochemical feedstock demand has been particularly weak in recent months, with global naphtha demand under pressure since March and LPG/ethane demand barely recovering to last year's levels.

There is a bearish impact on Asian acrylonitrile-butadiene-styrene (ABS) and styrene butadiene rubber (SBR) markets, both of which are used for car manufacturing, and prices have already fallen.

ABS prices hit a three-year low of $1,370/mt CFR China August 7, while prices for SBR for the 1502 grade -- commonly used in passenger vehicle tires -- also dipped to an eight-month low of $1,290/mt CFR SEA August 8, according to Platts assessments.

Should car sales dip further, ABS demand over one year could shrink by around 768,000 mt, market sources said.

Some SBR producers, such as China's Zhejiang Transfar Chemicals Group, China Shenhua Energy Co. Ltd. and Thailand's Bangkok Synthetic Co., have already announced plant maintenance shutdowns in response to the negative margins.

With July's SBR margins averaging minus $105.53/mt, basis CFR China, several SBR sources have also warned of more cuts in following months should negative margins continue.

GASOLINE EXPORTS SHRINK
Lower car sales are also stifling gasoline demand growth and worsening the already persistent domestic oversupply in China, prompting higher exports in coming months.

"China's gasoline demand growth has been on a slow decline. Year-on-year growth for 2019 is expected to be around 75,000 b/d, down 29% from the previous year," Anthony Tso, senior analyst at Platts Analytics, said.

"Dampened domestic demand may become more apparent in 2H19, which will encourage more gasoline exports, up to 400,000 b/d (approx. 1.4 million mt) on average for the rest of the year," he added.

China's gasoline exports in May and June were at a relatively low level of 848,000 mt and 998,000 mt, respectively, but analysts said exports in July and August could top 1 million mt/month, with at least one Singapore-based analyst projecting exports of 1.5 million mt.

Oil companies only consumed 42.7%, or 6.78 million mt, of their year-to-date gasoline export quotas in H1, leaving at least 9.11 million mt quota available for rest of the year, Platts data showed.

Fundamentals in the Chinese domestic gasoline market have been weak as large-scale private refineries, like the 400,000-b/d Hengli Petrochemical (Dalian) Refinery have flooded the market, even as China works on a long-term shift away from internal combustion engine or ICE vehicles to electric vehicles.
20/08/2019 3:06 PM
pang72 Oooo


HRC tp22... Return!!
20/08/2019 3:56 PM
pang72 All Kyy stocks rocket up including hrc that keeping for 1 year as he wrote
20/08/2019 3:57 PM
pang72 Completed euro 4M...
Time to make money lo!!
20/08/2019 4:10 PM
pang72 Hrc hot again lo!!

Tp22... No change from 2017 hihi
20/08/2019 4:12 PM
pang72 About 800mils upgrading to euro 4m...

So.... Equal to rm2. 6 per share
20/08/2019 4:41 PM
pang72 Can hrc up rm2. 6 to rm7. 8...hihi
20/08/2019 4:42 PM
pang72 Imo 2020......

Why no one talk now??

HRC got huge demand later
20/08/2019 4:44 PM
signalmw Buy hengyeun every drop bellow 5
20/08/2019 4:48 PM
pang72 No drop le... But up.... How?
20/08/2019 4:53 PM
pang72 Kyy said keeping for 1 year then will hit back rm22 le
20/08/2019 4:54 PM
pang72 However 1year 8months from rm19. 00.....
Is the consolidation competed!!
20/08/2019 4:59 PM
DingDongHai Tora datang lagi
20/08/2019 5:00 PM
pang72 Ya...

Uncle mari!!
20/08/2019 5:04 PM
pang72 He want to sell at 18.5 this round...
Be cause he was not able to sell that price in the psst
20/08/2019 5:05 PM
pang72 Low sulphur marine fuel is hot cake now.... Super high margin
20/08/2019 6:46 PM


 

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