The oil price is just helping to lift a bit of oil and gas counters across the board. But this volume, I suspect this surge is more than the oil price effect.

Is this the worst IPO in KLSE history?

Something is really wrong with the QR and management.

Euro 4 and Euro are just emission complaint. Nothing to do with throughput and refining capacity. For the past few years, no refining expansion. Please don't mislead people.

i thought the euro 4 or euro 5 just regulation compliance only. no increase in producing capacity?

From previous QR bomb, there are uncertainties from inventory and crack spread hedging.

Last quarter shocked by the crude inventory and hedging even though high crack spread margin.
Not sure about latest quarter.
This Chinaman company never failed to surprise.

Crack spread is USD - 0.637 now?

How come the crack spread negative today?

Luckily not much up.
Dump my Petron position can buy HRC.

https://www.theedgemarkets.com/article/maa-ups-malaysias-car-sales-volume-forecast-cites-pentup-demand

More car sales, more fuel demand.

PE 1.9 only

Posted by cK1973 > 12 minutes ago | Report Abuse

Morning guys …..
Rasa rasa boleh sampai 10 ….
Eps 2.38, no reason for the market price at 5.35….
Shld move to 6 anytime from now….

Yes dump all Petron and switch to HRC.
According to Q2, company not yet utilized 10% share buy back.
Buy and wait it to fly when company share buy back.

Run... Is end of the world.

Posted by MoneyMakers > 12 minutes ago | Report Abuse

Oil price crazy drop (WTI below usd90 again) + bad QR (record comprehensive loss -400Mil) = limit down also possible tomorrow

Yes so that company can siphon money back to HENGYUAN Shandong.
They are major share holder.

Posted by cactus81 > 2 minutes ago | Report Abuse

Hopefully HY will pay more. dividen.

I just estimate EPS RM1 for 22Q3. Anything above that is bonus.

Correct.
It is good news as per latest QR.
Have not utilized the share buy back as of 22Q2 ended Jun2022.

6. Ordinary Resolution 6
Description

Proposed Renewal of Authority for Share Buy-Back.

Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 642 101
No. of Shares 169,608,089 35,810
% of Voted Shares 99.9789 0.0211
Result Accepted

Company 10% shit load of cash to buy back share can push to share price to sky.

That is the reason to dump PetronM and CY to switch first thing in the morning tomorrow.

Posted by King_trader_shadow > 8 minutes ago | Report Abuse

sorry it should be this on the share buy back

There were no issuances of new debt and equity securities, share buy-backs, share cancellations,
shares held as treasury shares and resale of treasury shares in the current quarter and financial
period ended 30 June 2022.

Good advise. That is why holding since RM4.20.
Frankly it is way above expectation of EPS RM1.

Posted by klee > 49 seconds ago | Report Abuse

It is simple.If you have strong belief in your views,just treat the noises as barking.No need defend.No need tiu mom tiu sis.

Thank you uncle for recommendation.

Indeed exotic quarter earning.

Yeah If you understand cockrider logic.
This is what cockrider mean.

Posted by Sharewire > 6 minutes ago | Report Abuse

Pay thru the nose tax 230million ! What a fool
If I the MD I pay rm1 ringgit for tax!
I divert the dividends 30million into mine pocket.
I hire qqq333, moneymaker and stock raider as my advisor.

Because they are panic?

Lets short squeeze the IB?

Posted by InvestView > 48 seconds ago | Report Abuse

You can see a pattern of naysayers behaviors before and after the QR2 is out.Before the QR2 results it was always MM Jerichomy etc shouting unfounded, un back up facts ... now after the QR is out you hv Stock Raider qqq3 etc doing the same!
IBs are the biggest suspects wanting to suppress the share price.. the naysayers are either their agents or the know the facts that what ibs will do in the aftermath of QR2 result ..suppress the price and the naysayers want to take a ride... sickening!

That why hedging mechanism is there?

Posted by Sharewire > 8 minutes ago | Report Abuse

Hengyuan 200++million tax just to be fake profit
Claim by moneymaker
MoneyMakers is spread fake news

Anyway oil price dropping hard

HY sure collapse tomorrow..just dunno whether collapse b’coz oil drop or bad QR (record comprehensive loss -400Mil

HRC AGM approved share buy back up to 10%.

First thing in morning will dump all my share in PetronM and CY to add in HENGYUAN and C24 since also paying dividend.

Aug 23 5% share traded already limit up.

Cant imagine 10% share buy back with shit load of cash making from operating profit!

Sit back and enjoy!

Will siphon by paying more dividend since major share holding by company.

This is just interim dividend.

Will be paying more when making money more than God this year.

Posted by stockraider > 24 minutes ago | Report Abuse

Remember this loh!

If it is really true owner Hengyuan siphoning using derivative losses.....then hengyuan is dead duck loh!

Air Asia bankrupt due to pandemic travel lock down and loss of revenue stream...

Posted by stockraider > 34 minutes ago | Report Abuse

Thats why Airasia bankrupt mah!

Lu tau boh ??

Always learn from lesson loh!

Posted by Amoneymous > 4 minutes ago | Report Abuse

Awesome QR!

Hedging is normal for companies rely heavily on commodities.
Air Asia also hedging on oil price.

Why keep harping on hedging accounting.
Is been the same practice for few years and account audited.

As long as no cooperate exercise like keep on private placement and right issue. Changing auditor and directors (like the snakeba).
Making money hard cash from operating profit.

As for high gearing. It is normal for oil and gas industry.

I dont see any red flag here.

Awesome QR!

Hedging is normal for companies rely heavily on commodities.
Air Asia also hedging on oil price.

Why keep harping on hedging accounting.
Is been the same practice for few years and account audited.

As long as no cooperate exercise like keep on private placement and right issue. Changing auditor and directors (like the snakeba).
Making money hard cash from operating profit.

As for high gearing. It is normal for oil and gas industry.

I dont see any red flag here.

Q3 and Q4 easily 200M each Q.
This year will be record earning year!

Upstream and downstream and share holder is making money more than God this year!

Congrats to all share holder!