Despite lower profit, the operating cash flows are stronger than the previous corresponding period. This points to operations and recurring profits are actually higher in Q2.

The property in China has a carrying value of RM20.9 million.
After converted to property investment, the return should be a lot higher compared to the current RM1 miilion profit a year. In Shanghai non-prime area, average rent is RMB30 per day per sqm.
If just take RMB10 per day per sqm, the 10 acres land could fetch RM7 million rental income annually. So property investment will enable MKH to earn higher return and the value of the land to increase substantial.

The system they run is ok but the stakeholders' interests are misaligned and unfair hence the business is not sustainable.

Keen to know what value can the property (10 acres) in China fetch when converted into property investment? Distance is about an hour drive to Shanghai City. Ripe for development?

Guess Public Bank is also missing something here as its major shareholder. Why still stick with MKH?

indo operations generate good cash to liquidate borrowing .. soon can frank dividend if no major investment.

idr to watch in q3. kajang 2 sales encouraging.

borrowings also reduced. ffb jumped to highest. think they are on ghe right track.

q2 not too bad lah. unbilled climbed to highest.

There is no point staying invested .. the economic reasons being the business model does not create win-win situations. With technology it is saying only logical to bring savings to all but in this case it is obvious is NOT.

One of the faster ways the government can regularise its finances is to eliminate middleman because really no value add derived from it.

Too fat margins. Don't think the current government to continue. The profits come from the government and the end users. Its elimination means one stone kills two birds.

Still adamant ... changes will come in big way. Frankly this lucrative business model is not sustainable simply because there is no win-win situation. Bluntly to say the government and the end users are the losing parties.

Really the value add by this company does not justify the cost to the rakyat and business community at large.

It is just too risky to hold the shares going by what the new government is doing now .. to eliminate the "fats".

Yes gordon. And it will come big way ..
Money saved to benefit people in general not just a bunch of people.

https://www.thestar.com.my/news/nation/2018/05/24/approximately-800-spad-staffers-to-be-absorbed-by-jpj/
Loke added that he will stop the practice of authorising certain NGOs to sell special number plates, with immediate effect.
“It is true that the minister has powers to allow this, but the practice ends now.
“From now on, any buying of number plates must go through JPJ, without exceptions. This is Government revenue and we intend to collect all of it,” he said.

I think this will come to KDN .. hence Myeg.

High oil price environment not friendly to refinery like HY.

How long is the freeze?

1.80 still a good price to exit.

Valuation still too rich!

It is not only FX, the end market for semicon is not good. Volumn down and cost pressure intensified.

Forget about the dividend ... folks

Will only take a look if it drops below 1.50 ..

Still too rich the valuation cannot sustain ..

Set to go down further ..

Wow proposed resolution 11 and 12!
http://hengyuanrefining.listedcompany.com/news.html/id/652910

Why the directors keep buying shares?

华大家具制造（昆山）有限公司，隶属于美景集团的成员（马来西亚主板上市公司）。公司坐落在繁华的工业城市昆山，距离上海30KM，拥有着中国最大港口和以高质产品生产、出口为中心闻名于世的上海作强有力的支撑，对未来华大充满信心。Vast Furniture Manufacturing (Kunshan) Co.Ltd. (VAST) is a member of MKH Berhad, a successful Malaysia public listed company on the main Board of Kuala Lumpur Stock Exchange. VAST is located in the thriving industrial city of Kunshan about 30km from the megacity Shanghai. Supported by the largest port facilities in China, Shanghai is reputably known as the centre of manufacturers and exporters of high quality products.

Yes this analyst has not guts .. cari makan saja!
Unlike theedge.

Will not be surprised with an exit from the plantation business!

onward .. MKH should unlock some of the assets' value!

how was the turn out during the agm?

onward .. this Tan Sri has been saying this for a while ...
Will see shareholders' patient esp public bank ... haha

RM164 mil or USD42 mil savings from new loan facility. This computation is too simple and may be lack of commercial justifications. I reckoned it was more for flexibility and any benefits come gradually from future.

Good! Lower oil price is friendly to HY business!

Just didn't meet expectation! I guess.

Posted by WiseEye > Feb 28, 2018 01:04 PM | Report Abuse

actually whats wrong with the QR result? the revenue and profit remains good, just that they were hit by deferred tax which is solely an accounting treatment. it will not affect the core business.

Shell sucks all the money out. They have presence in many countries surely many are more competitive than Malaysia.

Posted by yctee > Feb 28, 2018 08:32 AM | Report Abuse

Just wonder why when it was under Shell, its not doing well?

No wonder so many banks rush to lend money to HY! Sure they have got your report or a report similar to yours below.

Posted by probability > Feb 27, 2018 11:06 PM | Report Abuse

FOR COMPLETE Understanding of Complex Refinery's EDGE in the near future, refer this excellent report came out on 25Jan 2018:

https://www.jccp.or.jp/international/conference/docs/L1-5%20F%20Feshar...

Just too costly to ignore your post. Many thanks!

Posted by probability > Feb 27, 2018 11:06 PM | Report Abuse

FOR COMPLETE Understanding of Complex Refinery's EDGE in the near future, refer this excellent report came out on 25Jan 2018:

https://www.jccp.or.jp/international/conference/docs/L1-5%20F%20Feshar...

Reasonable analysis. Believe the management has incorporated extra staff benefits in view of the good results hence the higher operating cost this quarter.
60 sen a quarter is more sustainable. The dividend suggests HY's commitment to institutional funds in term of return.

Lower oil price is friendly to refinery like HY ..

Tomorrow

Posted by Dragonpick > Feb 26, 2018 05:15 PM | Report Abuse

Result out ??

aiyoyo that's the beauty of HY business because oil price up or down also good .. but not too high lah .. sya manyak kereta ni

aiyoyo lower oil price make refined products sales more sustainable ma .. inventory gain or loss one off event leh

ken still cheap sale ..

Lower crude oil price is friendly to HY.

Q4 will be announced on 27/2.

Falling crack spread started to bite Petron ..

If you check the refiners' latest results you will see that the drop of almost all product crack spreads if compared to preceding quarters. But then is this to be expected?