Happy birthday to you Mr Koon. You are too generous to share your wisdom and knowledge with us which is very encouraging and motivating.

Phillips 66 is 16% owned by Warren Buffet and is now No 7 largest in his investment portfolio. Phillips 66 is doing exactly the same business as Hengyuan with a PE of 22 compare to Hengyuan of only 5.24. Even the richest man in the world now also bet on energy stock . Warren Buffet made billions of dollars from his investment in Petrochina in the past now has a PE of 122. Is Hengyuan with PE of 5.24 cheap enough to buy ? Is it fair value at least compare to Petronm with a PE of 8.7?

Congratulations to the board of directors, management and staff of Hengyuan , being the NO 2 of the TOP GAINER in BURSA 2017. Happy new year 2018 to you and all the investors and sharedholders of Hengyuan.

Hengyuan and Petronm must have met all the investment criteria of Morgan Stanley , otherwise they would not be included in Morgan Stanley Global mid cap index and also FTSE Bursa mid 70 index. PE of Hengyuan is only 5,.24, Petronm is 8.74, Sinopec, China is 13.3, Petrochina is 122.61 & CNOOC is 1009.67. Hengyuan is still the cheapest and is highly undervalued among all the above 5 companies. Huge correction is even a better opportunity to collect more as the fundamental is getting stronger and stronger. Look at the inventories and trade receivable as at 30/9/017, it had RM2.3 billion which will turn into profit and cash now. Cash and bank as at 30/9/2017 was RM900m and by now would have at least RM1.2b which is more than enough to settle all the loans. By 31/3/2018, it would have more than RM 1.5b. what to do with so much cash? The best option is to give dividend to shareholders . Current oil price of USD 60 is still very favourable to refinery industries and oil price will be stabilising as OPEC and Russia had agreed to cut production until 31/12/2018. Demand for refinery products is very good .

Why Hengyuan should now be worth RM26.36? This is based on 7 similiar criteria and valuation comparison of Petronm. 1) Petronm daily production capacity is 90,000 barrels per day. Hengyuan is 156,000 barrels per day. 2) Petronm earning per share is RM1.549. Hengyuan is RM3.116. 3) Petronm price earning is 8.46 times. Hengyuan is 4.64 times. 4)Petronm return on equity is 29.66%. Hengyuan is 56.32%. 5) Petronm net tangible asset after deducting all liabilities per share is RM5.523. Hengyuan is RM5.526. 6) Petronm no of shares is 270m @0.50 each. Hengyuan is 300m @1 each. 7) Petronm capital investment to increase 90,000 barrels a day to 150,000 barrels a day is RM6,400m. Hengyuan is RM640m to upgrade to Euro 4 & ATLAS ll project(USD135m + USD25m =160m x RM4). Hengyuan is superior over Petronm for all the 7 similiar criteria and based on the price earning of 8.46 times of Petronm , Hengyuan should now be worth RM26.36. At RM14.44, Hengyuan is highly undervalued by RM11.92 or 45.22% from RM26.36. It is not surprise Hengyuan had been included in MSCI global mid cap index and FTSE Bursa mid 70 index. This will certainly attract local and foreign fund managers to invest in Hengyuan particularly from China as
Hengyuan is 26.62 times cheaper than Petrochina with a PE of 123.51 times and 214 times cheaper than CNOOC with a PE of 997.08 times.

Merry Christmas to each and every one of you and your family members including all Hengyuan shareholders, board of directors, management and staff.

Dear top management of Hengyuan, congratulations to you for delivering the excellent quarterly result of 30/9/2017. You are now indeed No 1 & the most impressive company in Bursa with the lowest PE of 3.5 and the highest EPS of RM2.42 (9 months only).
Please continue to deliver your best result for the next quarter of 31／12／2017 so as to become the best of the best company in Bursa in 2017. Do your best as you only have 30 days to go for 2017. To all investors and shareholders , congratulations to you all for choosing the best company in Bursa and your wealth and fundamental have growth with Hengyuan as the company is now choosen by MISC global small cap index to reach out to many local and international fund managers.

Hengyuan fundamental has improved substantially for the past 9 months during this booming refinery business worldwide, panic selling is just a good opportunity to accumulate this good stock as just recognised by MSCI global small cap index stock. Be greedy when others are panic and fearful.

Hengyuan top management, recently you have been included in MSCI global small cap index, congratulation for your achievement as your name will be reaching out to world international fund managers. Please do not disappoint us again for this quarter as you did it last quater when you deliver your quarterly results by this month end as many investors & analysts have high expectation on you. You have to prove to ASB and EPF you are one of the best companies in Bursa and worldwide as they have dump your shares in the past.

Hengyuan share price is being cornered by ASB from 8.25 to 8.59 as one of the big substantial shareholders. To convince ASB and encourage more fund managers to invest in Hengyuan, the top management of Hengyuan must take the lead by example to buy back its own shares up to 10% of its total shares. They have to update the progress of its upgrade plan regularly and most important to deliver super profit as all refinery companies worldwide are delivering super profit lately.

If you look at the share price of Maybank, public bank, RHB bank and Hong Leong bank in year 2000 and compare to the present price of these banks, how much profit do you make?

Upon merger under one entity, operational cost efficiency will certainly improved as there will be only one Head at all level of management. Fundamentally, all the assets and liabilities remain the same and are still under Tan Sri Lim Kang Hoo and under one entity. Do not be panic from market over reaction as Ekovest is a specialist with very good track record to develop and sell the huge land bank . This is an opportunity to collect from the sudden big correction as fundamentally remain the same. Look at all the banks merger in year 2000 which was very much complex as it involved many banks and many bosses, are the banks getting better now than year 2000?

NTA of Ekovest is 0.90 plus the NTA of iwcity 1.5 is worth RM2.40 at least after takeover iwcity. Iwcity has 1052 acres of prime land in Johore. It has sold 127 acres for RM2.1 billion. Upon takeover, Ekovest has 2.1 billion and 900 plus acres of land. Ekovest have more than sufficient capital to pay cash or issue shares to take over iwcity. This will definitely benefit Ekovest and also easier for management to focus on Ekovest after delist iwcity. To iwcity, they are paid 1.50 or new share of Ekovest which is better than present price of 1.33. This is a good time to collect Ekovest shates which has proven tract record of making profit every quarter for the past 15 years since 2002.

The sarawak government has imposed very high tax on extracted log recently and extraction of log quota have certainly impact on all timber companies in sarawak.

The sarawak government has imposed very high tax on extracted log and imposed quota on extraction of timber log have certainly impact on all timber companies.

A very good article and analysis shared by Mr Ooi Teik Bee. Thank you for your hours of hard work and sharing. If anyone has any adverse or negative news about Hengyuan, please share as we receive many good news of analysis and forecasting.

The cost of end refinery products is derived from the cost of crude oil price + the processing cost to arrive at refinery cost - selling price & related expenses = profit. Assuming the refinery plant breaks down for maintenance and the company decided to sell its crude oil say to China, the company should be able to make at least USD 5 per barrel for Quarter 3 as compared to Quarter 2 due to increased crude oil price. The question is which one is more profitable, hold back the crude oil for end refinery products through processing or sell the crude oil at market price - the shut down maintence cost? Can any expert share this?

Hengyuan is certainly a good stock not to be missed based on its good fundamental and booming refinery business. The only major risk to lower its profit is breakdown of its refinery plant for maintenance. Can anyone share if you have any of this information so as to benefit all our investors to make more profit. To mitigate the risk of beakdown, the company can also sell the crude oil from its stock arising from increased oil price which has hit almost USD 57.Thank you.

Hengyuan has good proven track record in China and has good proven track record in Malaysia at least for 6 months. All business sectors are subject to cyclical risk and will last for few years be it crude oil, shipping, timber, oil palm, property , semi conductor and so on. During boom time, they make plenty of profit and during bad time, they make plenty of loss. Refinery business like hengyuan is now in the stage boom time and will huge profit. When many companies start to invest heavily in refinery business, it will result in over supply one day and also if there is an alternative for refinery products. Do not miss this opportunity to buy Hengyuan especially now is in the correction mode. It is not easy to find and select another stock with such opportunity. Please share if anyone can identify any stock with some proven track record and with huge opportunity to make profit.

Hengyuan is a very good fundamental stock and has delivered huge profit in the past 6 months and will deliver more huge profit under the current low crude oil price at least for the next 1 year and good demand for the refinery products. Hengyuan has made the right investment timely during the crude oil crisis at the deep discount for the refinery plant. The top management and board of directors are all professionals and are very experienced in the refinery industry. Due to its good fundamental and huge potential profit, several investment bankers, RHB, Kenanga & Macquaire have also come out with 6 call warrants because they also want to make profits. This is an excellent opportunity to make profit at least before the next Chinese New Year 2018.

Hengyuan top management vision is to become a top refinery company in Asia. So far after 6 months taking over from shell, have delivered outstanding profits for the last 2 quarters in line with his vision. Hope top management Will continue to deliver outstanding profits in the coming quarters and coming years and also to emulate some of the top Chinese technology companies in the world like Huawei, Alipay and Tencents so that our investors/shareholders/employees/customers can make more profits from their investments and enjoy competitive quality products.

Just visit to shell stations throughout Malaysia, the quality of refinery products supplied by Hengyuan since 1st October 2016 after taking over from shell, are there any complaints from customers at shell petrol stations or dealers? If not, then henhyuan is doing well till now. It cannot be doing bad unless refinery operations breakdown for few months or crude oil price crash again.

Technically is oversold after falling for the last 4 days. Fundamentally is strong based on last 2 quarters after taking over by Hengyuan. Risk level for Crude oil at USD 40 to 53 is low. Very much depend on US market direction and Donald Trump.

Buy stock based on facts, i.e. NTA, EPS, PE & present low oil price USD 40-50 & the capability of New investor, Hengyuan and how much risk one can take.

Stock correction is normal when stock is overbought. Where to find another company like Hengyuan with such a low PE of 2 in the market.

Well done & great research.

Congratulations to the management for developing the first local mobile wallet for the malaysian market. Keep up and stand up to compete against the competitors to win the market share fast.

When a big investor like Actis bought 44% of GHL, he can negotiate for a good pricing because of huge capital amount and expertise whereas a small shareholder cannot negotiate for that pricing unless market crash. When Henyuan bought 51% of shell, he only paid RM1.92 per share in 2016 and the share price now is RM5.31 per share because Hengyuan can do better than shell. ACTIS AND SIMON have to deliver their vision and mission of the company as they have the years of expertise in this field and have to compete with competitors just like Hengyuan have to compete with petronas and others for the benefit of the shareholders and public. So far the track record of GHL is very good for the past 5 years and l believe Actis and SIMON now will become stronger to compete in ASEAN at least so as to deliver better profit ahead.

Market share of GHL will grow fast as MasterCard, visa card and other similar credit card are still in great demand worldwide because many many people still want a credit limit for its cards. As long as banks worldwide are prepaid to give higher limit to customers this business will continue to grow fast. In Malaysia, it is regulated by bank Negara and limit is control by commercial banks. In china people are rich and there is no cheque book and most transactions are in cash, alipay is very good for them. GHL has partner with alipay to capture this cash business market share and also debit card in ASEAN.

The chairman has stated in annual report 2016 that GHL is on track of achieving its objective of becoming the largest merchant acquirer in ASEAN.

Date Lim Chee Wah has transform a "nothing" into the secret of china Genting Olympic Resort. He is even more far sighted than his late father, Tan Sri lim goh tong, the founder of genting Malaysia. Hope dato lim will also transform an almost "nothing" of Dataprep into the giant of the secret of china genting Olympic Resort in china and create many millionaires for Malaysians through the long term buy and hold of Dataprep.

A good stock to buy for long term investor as this company has good track record of good growth for revenue, profit and low gearing for the past 5 years. It has good potential growth as it has align with government especially bank Negara effort for e-commerce to go into cashless e-payment service. It has partner with Alipay and MasterCard for e-payment and is a leading e-payment service provider in ASEAN.

A fantastic performer despite oil crash to USD26 per barrel and Dayang still delivered good profit of RM171m in 2015 and RM54m in 2016. Too generous to give out RM454m to shareholders by way of perdana shares at no cost. A great great company to become a sarawak petronas in future.