Talk correct fact information
Is RHB Investment Bank analyst Lim Sin Kiat gave correct information ?
Zhuge_Liang
Publish date: Mon, 15 Jan 2018, 11:27 PM
Please read the below link.
https://asia.nikkei.com/Markets/Nikkei-Markets/MARKET-BUZZ-Malaysia-s-...
"There could be a weaker upcoming 4Q earnings compared to 3Q, due to about 20% drop in crack spread," says RHB Investment Bank analyst Lim Sin Kiat"
Ans : Q4 2017 is from 1/10/2017 to 31/12/2017, is there any drop in crack margin ?
Ans is no. In actual fact, it is a better crack margin. It is a gain, definitely not 20% drop in crack spread.
Is Q4 2017 result good or not ?
I think Q4 2017 result should be slightly better than Q3 2017 based on crack margin, forex gain and inventory gain.
You will see good quarter result released in Feb 2018.
RHB Investment Bank analyst Lim Sin Kiat is giving false information here. He should be responsible for his action.
Below is a good report from davidtslim, the crack spread is there from 1/10/2017 to 31/12/2017 for your perusal.
Please read the below link.
http://klse.i3investor.com/blogs/davidtslim/143634.jsp
Discussions
1 person likes this. Showing 21 of 21 comments
You buy CW high high when drop bankers win.
Posted by Icon8818 > Jan 15, 2018 11:30 PM | Report Abuse
Cheating money wont stick!
Children will die of cancer!
2018-01-15 23:46
Wait and see. Who is right? It takes time. Don't jump into conclusion so fast.
2018-01-15 23:59
Please read the report again.
Attached is a report from davidtslim to confirm crack spread is a gain, definitely not a 20% loss. There were daily crack spreads from 1/10/2017 to 31/12/2017.
2018-01-16 00:36
Hope to listen to mr lim sin kiat explanation about his postings, it is very disgraceful and unethical if is done for the sake of misleading investors to suppress the price of hy
2018-01-16 00:55
Well, if Q4 results are good, it won't changed with the comments from analyst. In fact it presents you the golden opportunity to accumulate at lower cost if you think it still undervalued. You should be happy. Why whine?
2018-01-16 07:27
last time he was in hong leong investment bank....simply comment without any study....
2018-01-16 07:29
Global refiners brace themselves as China cements its oil market dominance
by Jessica Jaganathan and Florence Tan, reuters.com
August 4, 2017
SINGAPORE/BEIJING (Reuters) - China is on pace to overtake the United States as the world’s biggest oil importer this year, cementing its status as Asia’s most pivotal oil market actor that will increasingly dominate the region’s fuel trade.
For the first time, China imported more crude oil in the first half of the year than the U.S., government statistics showed. China averaged 8.55 million barrels per day (bpd) versus 8.12 million bpd in the U.S., a trend that is expected to last.
The shift highlights the change in the center of gravity in global oil markets from West to East. Chinese state-run oil trader Unipec is now the world’s biggest physical oil trader. By drawing more of the world’s oil to its shores, China, the second-biggest oil consumer after the U.S., will play a crucial role in setting the global price of the commodity, especially as the crude futures market in Shanghai develops.
China’s import surge is being driven by the expansion of its refinery capacity. But, as the domestic demand has not materialized to soak up the fuel supply, China’s exports of gasoline and diesel have climbed to record highs. This flood of products has caused headaches for competitors across Asia and depressed diesel profit margins to multi-year lows in 2016.
“China is putting a lot of pressure on the traditional export hubs of Taiwan, Korea and Singapore to capture the market share within Southeast Asia and Australia,” said Joe Willis, senior research analyst, Asia refining, at energy consultancy Wood Mackenzie.
The trend of more refining capacity and higher exports is set to continue.
China plans to add at least 2.5 million bpd of refining capacity by 2020, according to a recent presentation from China Petroleum & Chemical Corp, or Sinopec. Sinopec is Asia’s biggest oil refiner and the parent of Unipec.
This year, PetroChina Ltd will start a 260,000 bpd refinery in Yunnan in southern China while China National Offshore Oil Corp will start up a 200,000 bpd expansion at its existing Huizhou plant in Guangdong province. The start ups will add 350,000 bpd of new Chinese capacity in 2017 though both plants will not reach full capacity until 2018.
Exports of gasoline from China are expected to increase by at least 10,000 barrels per day this year from 2016, driving overseas gasoline sales to between 235,000 bpd and 240,000 bpd this year and about 330,000 bpd in 2018, estimates from consultants FGE and Wood Mackenzie showed.
Unipec is leading the way in targeting new overseas markets, moving jet fuel from Singapore to northwest Europe in June for the first time in several years. Meanwhile, Chinese diesel shipments in 2017 have more than doubled to France, more than quadrupled to Italy and the country shipped diesel to Kenya for the first time this year.
HIGH QUALITY FUEL
Export-oriented refiners in Singapore, South Korea and Taiwan will be most affected by the Chinese competition.
“We’re trying to diversify and find new markets by increasing the number of our customers in existing countries,” a South Korean refining source said, declining to be named as he was not authorized to speak with the media.
“It’s affecting Korean refiners as we are having one more player in the market.”
Japanese and Indian refiners will be less affected.
China and India have eclipsed Japan as Asia’s biggest oil consumer. Japanese refiners are consolidating capacity because of a falling population and the increasing use of alternative fuels in the power and transportation sector has cut oil consumption.
Meanwhile, Indian refiners are focusing on meeting soaring domestic demand.
China’s new modern refineries are competing with the region’s exporters in producing fuels for countries with stringent fuel standards such as Australia. Diesel exports to Australia climbed seven-fold to 850,000 tonnes in 2016 and are on pace to nearly match that level this year.
A slowdown in Chinese domestic fuel demand as people use more electric vehicles or co-share bicycles and scooters has pushed refiners to export more gasoline.
China’s gasoline demand is expected to slow to 3.5 to 4 percent in 2017 compared with last year’s 6.5 percent growth, said Sri Paravaikkarasu, head of East of Suez oil at FGE.
Sales growth for automobiles, mainly powered by gasoline, has slowed to 0.7 percent in the first half of 2017, compared with 8.7 percent a year ago, while those powered by alternative fuels grew 52.9 percent, BMI Research said.
2018-01-16 07:34
Crack gone up last year or two due to China crack down on small n pollution refiners
Now China modern n efficient n clean n big refiners r coming on line
Crack wil b back to during Shell time
Big global Shell has a better grasp of world oil or tat Shadong oil co u think?
2018-01-16 07:40
Price of things China stop producing due to pollution all gone up
But now China bigger n clean production factory r coming on line
Price of things China produce wil all come down if not crash
2018-01-16 07:44
Demand for heating oil will keep on going up in years to come. Contrary to what governments are promoting global warming(for tax purposes obivously), there are indications that the earth is progressively getting colder and colder. During the current cold spell in US, sharks have been found frozen solid in the sea and iguanas frozen in Florida.
2018-01-16 17:17
Oso geckos dropping from trees
Trump oso said grobal warming is China lie only
2018-01-16 20:23
It is crystal clear that Lim Sin Keat of RHB gave wrong info on Q4 17 crack spread drop by 20 %. It is a very gross error which should not be made by him. This error cause panic selling although there are other factors like Star report which also contributed to the huge sell down.
2018-01-16 20:28
Hengyun Shantong oso beh tahan China competitive only come to small country M`sia
2018-01-16 20:31
those giving false information perhaps they are paid to do so as call warrants which is issued by investment bank is making big loss due to high spike up of Cws
2018-01-16 23:39
Forget about Hengyuan and switch to this stock, it is TOP PICK O&G stock you will regret to miss it!
https://klse.i3investor.com/blogs/themagicofmerlin/144574.jsp
2018-01-17 16:21
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2019-08-07 02:05
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