What a reunion.
Where is uncle dragon?

pang72 eh golden rules - buy before Sifus call buy. Hahaha.

everyday low fare.

I took profit first. Will buy back after quarterly report.

Report is out. Alamak.

Itu HL say TP 5.04 so that they can sell to you. Kikiki.

5G is the theme this years.

Anyway, I think can buy more if price correction tomorrow.

What make you think so?
Custom department partially shutdown.
800K federal workers jobless, contractors no get pay.

@Iamyou US government shutdown has nothing to do with Liihen business.

US government shutdown, Q1 2019 may be bad.

Why the people so short sighted?
With current msia situation, ringgit will depreciate again. This will be good for export.

May the sauce be with you.

Kikiki.

@kenlee green already !!! in sauce we trust !!!

30/04/2018 10:33

Aiyo, why your sauce everyday change flavour one?
Ada tomato, chili, chipotle, thousand island, 8, 7 and bla bla bla.

Kikiki.

@kenlee vivoviva u better buy now . any time sauce will push

27/04/2018 15:55

https://www.platts.com/news-feature/2018/oil/asia-oil-and-gas-outlook/china-product-exports

"
Meanwhile, Chinese companies have been increasingly tapping into markets further afield -- in the Americas, Africa and Europe -- instead of their traditional markets in Southeast Asia.


"Finding good outlets in the international market is a necessary step to prepare for intensive competition against the traditional exporting countries," the first trader added.


Chinese companies have also been actively looking for retail outlets overseas that can absorb their exports. Both Sinopec and CNPC's PetroChina have petrol stations in Singapore via acquisitions. Sinopec bought a 75% stake in Chevron's South Africa business in March, which included about 800 Caltex-branded service stations. PetroChina is looking at retail and storage projects in Southeast Asia, Africa and South America, according to company sources.


NO QUOTAS FOR INDEPENDENT REFINERS

Independent refineries were not issued export quotas in the first round of allocation for 2018.


The quotas under the general trade route for 2018 were allocated to four state-owned oil companies -- CNPC, Sinopec, CNOOC and Sinochem -- and comprised 6.99 million mt of gasoil, 6.55 million mt of gasoline and 2.7 million mt of jet fuel.


"We will still attempt to apply for export quotas, but need to wait until the second quarter to see whether there is opportunity," said a source at an independent refinery in Shandong. "We believe the government will deregulate the market eventually," he added.


In 2016, 12 Chinese refiners that were not part of Sinopec, CNPC, Sinochem or CNOOC were granted export quotas under the processing trade route and exported a total of around 900,000 mt products. But in 2017 the government stopped issuing quotas to them.
"

Aiyo, who in this forum care if Tony Stuck die in Avenger.

Kikiki

@Spicy

Fibonacci retracement.
RHBTradeSmart has it.

@kenlee Posted by Lukesharewalker > Apr 23, 2018 10:52 AM | Report Abuse

good entrypoint now...50% retracement
-------------------------
from where you count 50% retracement ?

See the different????

"KPDNKK minister Datuk Seri Hamzah Zainuddin previously announced the weekly managed float system for the retail price of petrol and diesel to go into effect in April, replacing the previous monthly float system."

http://malaysiandigest.com/features/707002-rm2-31-highest-ron95-price-since-it-was-introduced.html

Old story

"Under the new managed float system for RON95 petrol, pump prices would be determined by a 10-day average of fuel prices in international traded markets, plus fixed profit margins for refineries and retailers.

Pump prices will be reviewed on a monthly basis and there will no longer be a subsidy component under the new system.

The new fuel pricing mechanism was announced yesterday by the Domestic Trade, Cooperatives and Consumerism Minister Hasan Malek and is effective Dec 1.

The final pump price will be based on the Mean of Platts Singapore benchmark.

Hasan said if there is a significant change in prices in the first 19 days of each given month, then the average of the last 10 or 11 days of the month will be taken to calculate the final retail price.

Included in the final retail price on top of the Mean of Platts 10-day average is a fixed operational cost recovery factor, a fixed margin for oil companies and a fixed profit margin per unit for petrol dealers, a Pemandu director, Ku Kok Peng, explained.
"

https://www.malaysiakini.com/news/281251

Half of RAPID throughput will be used as feedstock for petrochemical.
The other half for gasoline, diesel and etc.

"Southern Johor was chosen as the location for the project due to its proximity to deepwater port facilities and regional demand centres. The location enables easy transport of finished products to the market. The complex will cover an area of 2,000ha, and include a crude oil refinery and petrochemical complex capable of processing 300,000 barrels per day (bpd). These two projects will collectively produce 7.7 million tonnes per annum (Mtpa) of differentiated and speciality chemicals such as synthetic rubbers and high-grade polymers."


https://www.hydrocarbons-technology.com/projects/petronas-rapid-project-malaysia/

When you fall in love with a girl.
But the girl doesn't love you.
Love will become hate.
Normal human behaviour.

Kikiki.

@Halite i see a drama here
once upon a great lover turned into a great hater

never fall in love with a counter that the satay man can't tell you how much is the EPS for the coming QR, not 100% correct but not too far off

22/04/2018 16:15

This type of refinery has a lower crack spread.
Therefore lower gross profit margin.
Most of the news reported by media were meant for this type of refinery.
That's why recently Petronm EPS is lower than HY.

Thus, Petronm PD will produce a lot more low sulphur waxy residue, which is less valuable.

"Besides retail marketing, the company also owns an 88,000bpd refinery located
in Port Dickson, Malaysia with a Nelson Complexity Index of 3. The refinery is
capable of producing gasoline, diesel, liquefied petroleum gas (LPG), kerosene
and low sulphur waxy residue (LWSR). The refinery has an average utilisation
rate of c.50% due to the unfavourable economics of LSWR which, in turn is due
to its low complexity rate. The company is 73.4%-owned by Petron Corp, the
largest oil refining and marketing company in the Philippines.
"

https://s3-ap-southeast-1.amazonaws.com/investingnote-production-webbucket/attachments/d3ce08ce26504a72b5895693fa156d8b0bcf7a56.pdf?1509757663

Petronm PD does not has a catalytic cracker.

"Petron Malaysia plans to invest USD 3.5 billion to expand the capacity of its Port Dickson refinery in Malaysia by 90,000 barrels per day (bpd), which will boost its capacity to 178,000 bpd.

The complex is equipped with a crude distillation unit, a naphtha hydrotreating unit, two semi-regeneration reformer units, and a kerosene hydrotreating unit."

https://fuelsandlubes.com/petron-malaysia-announces-planned-expansion-at-port-dickson-refinery/

Look at how many new vehicle on the road every month.
Still want to naysay refinery?

https://tradingeconomics.com/malaysia/car-registrations

How to justify TP 57?
TA?

@Donovan Long term tp 57
21/04/2018 12:55

https://blog.limkitsiang.com/2018/04/18/ph-should-target-winning-120-parliament-seats-in-ge14-100-in-peninsular-malaysia-and-20-in-sabah-and-sarawak/

http://investors.morningstar.com/ownership/shareholders-major.html?t=4324&region=mys&culture=en-US&ownerCountry=USA

1)The Euro 4M plant is an integrated complex, which has been designed to desulphurise the full range Cat Cracked Gasoline (CCG) produced by our Long Residue Catalytic Cracking Unit (LRCCU).
2)The plant will have a capacity of 1.15 million tonnes per annum.

The 1.15m tonnes does not include the gasoline from reformer.

The Board of Directors of Hengyuan Refining Company Berhad (HRC), formerly known as Shell Refining Company (Federation of Malaya) Berhad, is pleased to announce that it has approved the investment for a Euro 4M mogas plant within its refining complex in Port Dickson.

The Euro 4M plant is an integrated complex, which has been designed to desulphurise the full range Cat Cracked Gasoline (CCG) produced by our Long Residue Catalytic Cracking Unit (LRCCU). The design uses a combination of hydro-processing and liquid-liquid extraction technology, commercially proven and licensed by reputable technology licensors. The technology is also being used successfully by Shandong Hengyuan Petrochemical Company Limited in its Shandong based refinery and chemical complex which produces Euro 6 grade mogas.

The plant will have a capacity of 1.15 million tonnes per annum. This investment ensures HRC is well placed to meet the Euro 4M mogas specifications mandated by the Malaysian regulatory authorities by 1 October 2018. The Euro 4M plant can be further upgraded to produce Euro 5M mogas when the specification change is mandated, which is expected to be from 2025 onwards. As such, this investment underpins HRC’s commitment to deliver high quality products to its customers and to long term sustainable refining in Malaysia.

http://disclosure.bursamalaysia.com/FileAccess/viewHtml?e=2768490

Hahaha.

@dragonslayer Aiyo bursa...not scary like tornado..you will scare meh...wakakaka..kiki
18/04/2018 16:50

This counter too scary lo.

The news only mentioned the 1.15m tonnes per annum is for the catalytic cracker.
It didn't said anything about the reformer.

"The Euro 4M plant is an integrated complex to desulphurise the full range cat-cracked gasoline produced by its long residue catalytic cracking unit.

The filing said the plant will be equipped with a technology similar and successfully used by the Shandong Hengyuan Petrochemical Co Ltd in its Shandong-based refinery and chemical complex that produces Euro 6 grade mogas.

The plant will have a capacity of 1.15 million tonnes per annum. The investment will ensure Hengyuan Refining is well placed to meet the Euro 4M mogas specifications mandated by the Malaysian regulatory authorities by Oct 1, 2018.
"

https://www.thestar.com.my/business/business-news/2017/06/17/hengyuan-okays-two-projects-costing-rm685mil/

https://sg.finance.yahoo.com/news/us-home-building-rose-slightly-125027579.html

HY has two reformers to convert low octane gasoline into high octane gasoline, which is used by vehicle.

The cracker is used to break heavy oil into gasoline.
More gasoline is produced actually.
See 2016 annual report for the process flow.

@John_Lee Uptrending,

1 tonne is about 7.33 barrels.

1.15m tonne is for gasoline only.

—————

Posted by uptrending > Apr 15, 2018 06:54 PM | Report Abuse

https://www.thestar.com.my/business/business-news/2017/06/17/hengyuan-...

How much is 1.15 millions tonnes?
Does it include all the refined products or just gasoline?

1 ton is how many barrels?
15/04/2018 19:08

Fake news law is meant for election and politic.
They won't care what people say in this forum.
If want to sue everybody, the judge, public prosecutor and police will be very busy.
I don't think they that hardworking.

@longtermvaluegain Fake news law已经昨天开始实行了,请注意自己的用词.

Aiyo, Uncle Dragon.
You got kiss godfather hand today?

Kikiki,

@dragonslayer Aiyo....Godfather slap the penkritik again and again...aiyoyo...kikiki

I think the gov will have to compensate in term of tax reduction or other method.

@Lukesharewalker Actually do petrol stations make money when the government does not increase petrol prices during elections while international prices is sky high

12/04/2018 10:17

What should I do next?

Kikiki.

Missing in action.

Kikiki.

@Fam Jenny Dragon,what's MIA?

Possible. Why ask?
The price will be split.
Only increase liquidity.

@Sharewitch Possibility of bonus issue @AGM in May?

Aiyo, PlsGiveBonus.
Miss you so much.

Kikiki.

Human nature.
Easy red eye on other.

@kentwoon Last time enemy, now..........
peterchu 9.0 resistance broken. Should easily go 10 hehe

09/04/2018 13:52

Ada China fund kah?
Where is China_Fund_Manager?

Kikiki.

@Tung Kwang Yii China fund is coming

Those cut win make noise so that they can buy back the share.

@SuperPanda price up making noise, down till underwear sold also noise, now go up back also noise

when can have peace lah..

this is dragon fault always light up fire

09/04/2018 14:02

Lorry put hilang.

Kikiki.

I thought Parkson screw up in China.
Because sunset industry?

Why say so?

@pang72 If lose hrc break rm20

09/04/2018 10:58

There is no sifu in this forum. All BS.
Follow the man with bigger button.

@Halite what dumb dumb hold ?????

the sifu already run-road ( disappear)

09/04/2018 10:15