Koon Yew Yin's Blog
Hengyuan will continue to report more losses - Koon Yew Yin
Koon Yew Yin
Publish date: Wed, 30 Nov 2022, 03:34 PM
Koon Yew Yin
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An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.
All materials published here are prepared by Mr. Koon Yew Yin
All materials published here are prepared by Mr. Koon Yew Yin
My purpose for writing this article is to prevent investors from losing more money.
What Is a Crack Spread?
A crack spread refers to the overall pricing difference between a barrel of crude oil and the petroleum products refined from it. It is an industry-specific type of gross processing margin. The “crack” being referred to is an industry term for breaking apart crude oil into the component products, including gases like propane, heating fuel, gasoline, light distillates, like jet fuel, intermediate distillates, like diesel fuel, and heavy distillates, like grease.
During the quarter ending June, the Brent Crack Spread margin was rising above 0.4 and Hengyuan reported EPS Rm 2.22. Since then, the margin has been dropping. As a result, it reported an EPS loss of Rm 2.14 for the quarter ending September.
The Brent Crack Spread margin continues to drop as you can see the chart above. As a result, Hengyuan will continue to report more losses for the quarter ending December.
Hengyuan price chart is down trend as shown below:
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Discussions
Be the first to like this. Showing 20 of 20 comments
Kyy will promote Subur after he accumulate enough by that time Subur already surge to RM1.60
1 month ago
Never mind lah, just forget about Hengyuan. Other blue chips got reported veri good results like PBank, Panamy. Our mkt will still skyrocket.
1 month ago
Just masuk first before the FOMO disease infect the mkt. If we stand outside, our pocket will be just kosong onli with no esi moni from the mkt !
1 month ago
(Dec 1): US stocks surged on Wednesday, putting the blue-chip Dow Jones Industrial Average more than 20% above its September low after Federal Reserve Chair Jerome Powell’s dovish comments and signs of cooling US inflation raised hopes that the central bank will become less aggressive on interest-rates hikes.
The surge in the oldest of Wall Street’s three main stock indexes meets what some investors define as a bull market.
1 month ago
Anyone got see a baby bull oredi got born in our mkt ?
Please let us know if U got see the baby bull. Thanks.
1 month ago
Hello! The oil price cap is all set to begin. OPEC will meet soon whether to cut production. US SPR reserves now at its all time low.(at the same levels as in 1984) "He" who controls oil production controls the world economy. The "He" is none other than OPEC. What are your thoughts now?
1 month ago
What will happen to the oil price when US starts to re-fill their SPR reserves to its formal normal level ?
1 month ago
The only thing that can push up oil price is for China to open up and no more lockdown.
China zero covid policy will definately lead to resession next year.
1 month ago
Xi Jinping admits Chinese people are ‘frustrated’ and says Omicron allows loosening of lockdown.
Lockdown to loosen. No recession coming lah.
1 month ago
Sslee, don't blame every thing on China....lock down at any time is 5% of China
1 month ago
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DEAR KOON, DOES THIS MEAN YOU ARE BUYING HENGYUAN. WHY DO YOU ATTACK OTB'S STOCK
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