Current borrowing 1.3B
New borrowing 1.7B

Total borrowing 3B

1. Q4 may be good for refinery but Q1 may not be good because the crack spread has dropped from 12 to 7, so the price will crash anytime

2. to invest in hengyuan , you must have a pair of long legs, if you can 't run faster than the sifu , then you become their vegetable

3. how it creates value ? crack spread only which is so volatile and full of uncertainties

4. any expansion ? no money to do that . so no more growth , can not generate more money if God doesn't give a helping hand

5. so many great sifu here recommending buy , but run faster than you or kena force selling

6. Do not buy because people said it can make RM3 this year but at the same time it can also lose RM3 next year because thatis posible to happen for refinery that depend on crack spread for its earning

Your broker ask you to use margin finance
Along ask you to borrow money
Koon koon ask you to use margin to SAILANG !!!!

He help you ?
He teach you the right thing ?
Investing is to make money to live well ...
Why invest with a possibility that you may live like hell

why preaching Sailang?
Why not be prudent
Invest with an amount you can afford to lose
At least there is no such day that you can't buy food for your children

Hy is no doubt a good bet . I also bought some yesterday,
Koon koon is involved , the scenerio is different and inherent danger is there
this old man like to create an euphoria and advice people to go for long term but he himself never keep his portion longer than most of the people has expected. Hengyuen has very small free floate shares in the market , try to imagine , what is the scenerio when he start selling .......
So don't sailang as what the old mare has preached
He needs your money to maintain his position in other investment that he is stuck deep into the root. Do not trust this old man. He is more interested to create an euphoria to make fast money than to teach you make money become rich
Stop helping this old fox creating a frenzy to chase the price higher
There is reason people said when koon koon ask us to buy , it is time to sell...... when market sentiment is bad , lower pe and stronger earning also can't stop the price dropping like waterfall
Run before this old man run is a good advice
Stop sharing you euphoria now , you may not know how many people follow your excitement sailang in this hengyuen and end up cursing you later ....

Hit and run if you want to ride on the wave.
Buy and forget if you know it is an unpolished gem
But if you still have any doubt whether it is a gem or a stone, hit and run is still the best ....

Please read what icon8888 wrote in his conclusion for his part 3
It is not that simple as you imagine, produce and sell with guaranteed profit...

IF U WAIT FOR HRC TO MAKE 1ST DIV... AS AN INDICATOR B4 U JUMP IN...U MAY MISS THE GOLDEN OPPORTUNITY LOH...!!

then don't wait for the first dividend, hit and run ...... hy doesn't give but we make it and pocket it.

IN FACT MKT EVENS SCEPTICAL WHETHER CAN MAKE EPS RM 1.00 SUSTAINABLY LOH....!! THATS WHY TRADE AT PE 5X LOH...!!

you mean the first quarter 93 sen is cooked up data?????

Why hengyuan's price doesn't move in tandem with the good result ?
I think most likely it is a china men controlled company
only retailers dare to bet on hy with their own calculation and a belief that it will perform equally well or better than petronm and Ptgdag
big fund will avoid unless hy can prove it has the capability to generate more fcf and reduce the huge debt and start paying dividend
how can we be happy if you tell us you can make more than rm3.00 but can't even afford to pay us 10 sen?
you may think dividend is not important , keep in the company for more business expansion and boost earning is better, but we are minority share holders, we need some sweet to keep loving you...
what for to have a hen keep growing bigger and bigger but lay no egg, who know one day you may ask us for more money to buy feedstock because the hen need to grow even bigger
read the story "KYY and Xingquang", then you see the reasons behind my views