My purpose for writing this article is to prevent investors from losing more money.
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:
Chart | Stock Name | Last | Change | Volume |
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Created by Koon Yew Yin | May 06, 2024
Eversendai Corporation Berhad made a remarkable comeback in FY2023, reporting strong profit growth. Here are the key highlights from their financial performance:
Created by Koon Yew Yin | Apr 30, 2024
As shown on the chart below, Sendai has been dropping in the last few days. Today all shareholders must be wondering to sell, hold on or to buy some at a cheaper price.
Created by Koon Yew Yin | Apr 22, 2024
Eversendai Corporation Berhad made a remarkable comeback in FY2023, reporting strong profit growth. Here are the key highlights from their financial performance:
Created by Koon Yew Yin | Apr 22, 2024
Sendai price chart below is showing its price trend reversal. It is hitting a record high.
Created by Koon Yew Yin | Apr 18, 2024
After the stock closed yesterday, KSL announced its 4th quarter EPS which is 40.76 sen and its net tangible asset (NTA) backing of Rm 3.65. Its profit increased by 230% more than last year.
Created by Koon Yew Yin | Mar 29, 2024
Currently Sabah Government does not know that solar panel produces the cheapest electricity???
Created by Koon Yew Yin | Mar 23, 2024
During my life time I saw every Prime Minister being replaced by another politician for one reason or another. Dr Mahathir managed to stay the longest time of 22 years.
Created by Koon Yew Yin | Mar 04, 2024
All property developers have just announced their annual profit for 2023. All of them reported increased profit.
Created by Koon Yew Yin | Mar 04, 2024
Although my writing of this article sounds boastful but I feel that it is important to keep this record for posterity. Engineers play a pivotal role in shaping our modern world.
Created by Koon Yew Yin | Mar 01, 2024
What can KSL do to benefit shareholders? I hope all the shareholders will read this article so that they can attend the coming annual general meeting to vote out those directors who are seeking re...
Kyy will promote Subur after he accumulate enough by that time Subur already surge to RM1.60
2022-12-02 09:46
Never mind lah, just forget about Hengyuan. Other blue chips got reported veri good results like PBank, Panamy. Our mkt will still skyrocket.
2022-12-02 12:14
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 !
2022-12-02 12:17
(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.
2022-12-02 13:56
Anyone got see a baby bull oredi got born in our mkt ?
Please let us know if U got see the baby bull. Thanks.
2022-12-02 13:58
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?
2022-12-02 15:27
What will happen to the oil price when US starts to re-fill their SPR reserves to its formal normal level ?
2022-12-02 15:35
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.
2022-12-03 08:14
Xi Jinping admits Chinese people are ‘frustrated’ and says Omicron allows loosening of lockdown.
Lockdown to loosen. No recession coming lah.
2022-12-03 14:21
Sslee, don't blame every thing on China....lock down at any time is 5% of China
2022-12-03 21:45
emsvsi
DEAR KOON, DOES THIS MEAN YOU ARE BUYING HENGYUAN. WHY DO YOU ATTACK OTB'S STOCK
2022-11-30 16:28