Hengyuan is non syariah, which make a lot of fund cannot buy in and therefore share price so sad.

Is just a matter of time to fly.

I took today at 1.06 to 1.07.
Think about it yourself ba, Director take so much.

U all wanna wait at 80 cent? stop dreaming ba, the result is not like 2 years back, the fundamental now is stronger by few times.

Unabsorbed reinvestment allowances and Unutilised tax losses (as unrecognised DTA) will be utilised against taxable future profit.

In this case, the unrecognised DTA amounted to RM750 mil....
Meaning that, Hengyuan Have to make profit of RM 750 mil x 100 / 24% = RM2.5 billion, before hengyuan will be taxable.

Thanks. Hope this clarifies.

Unabsorbed reinvestment allowances (unrecognised DTA) is part of a tax incentives..

It will act like normal unutilised tax losses to be deducted againts the taxable profit for the quarter or year. Hope this clarifies.

Thanks. RM600 mil Unabsorbed Reinvestment Allowances would mean Hengyuan can register another 600 mil gross up x 100 / 24 = 2.4 billion profit that will not be taxable? Hope i am right

Thanks.

Lau333 Tax Asset (from 2016 Annual Report): RM 762.9 m
YTD PBT: RM 725.7 m
Hengyuan should be paying tax soon, perhaps by next quarter...

-----------------------------------------------------------------------------------------------------
From the annual report, there is still unrecognised DTA, if not mistaken 600 mil, it will last 2 more quarter ba..

Higher tax provision (High tax mean upcoming profit will be high, did you all bother to research or find out?)


I guess by stating the above mean you have 0 knowledge of Msia or accounting tax rule.
Please go study before confusing People.

Also, higher steel price may mean higher cost of raw material and reduces margin further

Thanks.
ESP

This is another great share with great potential after Hengyuan and M3tech. I would buy in now.
Thanks.

I will buy back hengyuan at rm11.
Thanks.

There is some big news ahead la.. join the ride

There is really something big happening in Caely.
I took some.

Thanks.
ESP

Mr OTB has a good track record and have win competition before this few year..
trustable.. RM11.5 is still cheap .

Many of my telegram group - Stockwatch ESP would have earn so much today.
Join us for free before too late.
Thanks.

Patient..
This kind of result.. slowly up is good :)

I believe it will break RM12 before end 2017.

11.50 still ok..
Need wait 1 mth to reach 15

If Hengyuan profit can hold few more year, maybe hengyuan can chase BAT.

lol.. The fear now for all retailer is Hengyuan profit is not sustainable. But at this moment, oil price look very stable above 60, i dont see any reason why we should sell at this moment.

Thanks.
ESP

Posted by joeshare > Dec 2, 2017 07:22 PM | Report Abuse

Hi can someone reconfirm does hengyuan sell their refined oil to shell. This is because i met 2shell operators and according to them lately their refined oil comes from singapore and at petronas??

====================================================================


Hi Joeshare,

I wish to clarify on this.
FYI, msia oil are mostly imported from Singapore. For North region, i believe it was supply by petronas (by swap arrangement)to save transportation cost from Port dickson or singapore to Northern part.

Oil refinery company like Hengyuan can only supply Shell sales of around 20 - 30%. The remaining have to be imported.

Thanks.
The better quality oil refine by petronas and hengyuan are sold oversea i believe.

Posted by joeshare > Dec 2, 2017 07:22 PM | Report Abuse

Hi can someone reconfirm does hengyuan sell their refined oil to shell. This is because i met 2shell operators and according to them lately their refined oil comes from singapore and at petronas??

====================================================================


Hi Joeshare,

I wish to clarify on this.
FYI, msia oil are mostly imported from Singapore. For North region, i believe it was supply by petronas (by swap arrangement)

Oil refinery company like Hengyuan can only supply Shell sales of around 20 - 30%. The remaining have to be imported.

Thanks.
The better quality oil refine by petronas and hengyuan are sold oversea i believe.

Heng yuan have around 1.2 bil of unrecognised dta as at beginning of the year.

In this case.. afterr deducting q1 q2 q3
800 mil x 24% = 200 mil.. therr shud be still at least 2 quarter free tax

Is just a matter of time for Hengyuan to break RM15

I believe this year is possible.. Just dont sell so fast.
Thanks.

As i said earlier, Hengyuan is worth much more than RM15.
EPS of RM1.2 per quarter is 3 times the amount of Petron.

Does it mean Hengyuan share price should be much 3 times higher than Petron?

Simple Maths, think about it yourself.

I already told liao , i target 400 mil profit (slightly below)
But EPS of RM1.2. Now we only need IB come and write report.

PetronM with EPS of 40 cent, Public bank say RM15 TP
Does it mean Hengyuan with EPS of RM1.2 = RM45 TP ??

Thanks.
ESP

As i said, just buy and keep till June next year.

if Hengyuan today no release quarter..
Straight limit down on monday..

EPS RM1 ..
If public bank give a TP, it would be RM32 based on same PE as they give Petronm??

RM10 to RM30.. lets huat ba

Hahha.. i top up another 20% inside d.. at 0.12
remaining 20% i will enter if it drop to 0.11
Thanks.

I think it might close green today ... Possible??
Lets bet.. hahahhaa

At RM1 EPS per quarter = RM4 EPS per year..
IN 2 and a half year, we can recover all our cost of investment of RM10.

The remaining years are all profit :)

I see STNCWS lose a lot money??
So keep shooting people and make people miss opportunity?

FUnny.

Everyone thought bad result because never release yesterday?
Hahahaa

Lets see again later.. Sell ba if you all want.. :)

An overview of our present business development

M3 Tech has since completed 4 software platform products, of which revenue is based on the SaaS
(“Software as a Service”) business model as follows:
i3AppsBuilder - Mobile Software (App) Generators
i3Display - Content Management & Broadcast System for display devices
i3TeamWorks - Business Management Software
i3Trackers - Platform Software for GPS Tracking Devices

All the above software is actively marketed and in use right now, with positive responses to all. As a matter of fact, i3AppsBuilder recently received the 2017 APICTA Award.


An overview of our future prospects

Malaysia & South East Asia
It is imperative to understand that, not only do we now have 4 powerful core platforms that are quickly gaining acceptance on an international basis, but also these platforms are evergreen technologies with infinite lifespans. They all cater to the new business norms of having your own apps, displays, and using technology to manage your workforce, bringing these tools to everyone, and not
just large corporations with deep pockets.
M3 Tech will also magnify the sales revenue by rebuilding its overseas operations to their fullest potential. Distributors and resellers have already been appointed, and will continue to be recruited to enhance sales globally. We will also continue to work closely with Chinese device manufacturers so
that we are able to tap into their extensive marketing networks.
With the above in mind, our Hong Kong operation will be given the exclusive rights to market i3Display and i3TeamWorks worldwide, as Hong Kong historically has, and continues to be, a highly prominent global marketplace.

Pakistan & Middle East
Since 2005, M3Tech has invested to start the Pakistan operation with AKD Venture Fund Limited, and Pakistan financial result has been impressive.

To summarize, M3 Group now owns 4 formidable software products which are gaining traction in
markets around the world. All of these products are based on a SaaS business model (i.e. yearly
subscription), and we have had a positive response since July.
M3 has long completed the development phases of the above products, as well as several revisions.
They have all reached a level of sophisticated maturity, are in the marketing phase, and already has
active users across the world. Sales momentum is expected to continue to build, with more users
signing onto i3Display & i3TeamWorks in the months to come.
Close collaboration with digital display manufacturers in China have already borne fruit as they
continue to bundle and/or resell our software. This makes us optimistic that, barring any unforeseen
circumstances, our i3 series of software products will contribute significantly to our future bottom line.

An overview of our present business development

M3 Tech has since completed 4 software platform products, of which revenue is based on the SaaS
(“Software as a Service”) business model as follows:
i3AppsBuilder - Mobile Software (App) Generators
i3Display - Content Management & Broadcast System for display devices
i3TeamWorks - Business Management Software
i3Trackers - Platform Software for GPS Tracking Devices

All the above software is actively marketed and in use right now, with positive responses to all. As a matter of fact, i3AppsBuilder recently received the 2017 APICTA Award.


An overview of our future prospects

Malaysia & South East Asia
It is imperative to understand that, not only do we now have 4 powerful core platforms that are quickly gaining acceptance on an international basis, but also these platforms are evergreen technologies with infinite lifespans. They all cater to the new business norms of having your own apps, displays, and using technology to manage your workforce, bringing these tools to everyone, and not
just large corporations with deep pockets.
M3 Tech will also magnify the sales revenue by rebuilding its overseas operations to their fullest potential. Distributors and resellers have already been appointed, and will continue to be recruited to enhance sales globally. We will also continue to work closely with Chinese device manufacturers so
that we are able to tap into their extensive marketing networks.
With the above in mind, our Hong Kong operation will be given the exclusive rights to market i3Display and i3TeamWorks worldwide, as Hong Kong historically has, and continues to be, a highly prominent global marketplace.

Pakistan & Middle East
Since 2005, M3Tech has invested to start the Pakistan operation with AKD Venture Fund Limited, and Pakistan financial result has been impressive.

To summarize, M3 Group now owns 4 formidable software products which are gaining traction in
markets around the world. All of these products are based on a SaaS business model (i.e. yearly
subscription), and we have had a positive response since July.
M3 has long completed the development phases of the above products, as well as several revisions.
They have all reached a level of sophisticated maturity, are in the marketing phase, and already has
active users across the world. Sales momentum is expected to continue to build, with more users
signing onto i3Display & i3TeamWorks in the months to come.
Close collaboration with digital display manufacturers in China have already borne fruit as they
continue to bundle and/or resell our software. This makes us optimistic that, barring any unforeseen
circumstances, our i3 series of software products will contribute significantly to our future bottom line.

https://klse.i3investor.com/blogs/InvestmentApproachofESP/139777.jsp

Out d.. expected loss but superb prospect, go read. :)
Next year 40 cent

I am guessing 399 mil
http://klse.i3investor.com/m/blog/InvestmentApproachofESP/139777.jsp

The prospect in the q1 2018 is the longest prospect i ever see.. that is how powerful m3tech is

Dont know what u all thinking..
Sell ba.. i collecting, i have warned u all.. I know the result is bad early early d and i have told u all

I hope so.. i want sai lang

Thanks..
https://klse.i3investor.com/blogs/InvestmentApproachofESP/139777.jsp

I thought u hate me and hate m3tech..
Go away from this share.. go buy and sailang your loss making ANZO.

Thanks. ESP

It is okay, I am sharing my point of view.
If i tell everyone this is bad share, my name will spoil in future.
If it does not drop, i will still sailang, as i say, 12 cent and 13 cent doesnt make much difference for me.

Thanks.
ESP.

I trust the Director and i trust the way i invest.

https://klse.i3investor.com/blogs/InvestmentApproachofESP/139777.jsp

https://klse.i3investor.com/blogs/InvestmentApproachofESP/139777.jsp

Note that the result is without taking into account the DUKE 2 collection.
Profit increase, Borrowing reduce and cash increase 40 mil

This is an amazing quarter for ekovest which is still growing with dividend yearly.
If you all dont want this gem, just go away, i will buy more.

Dont miss this.. Tml Boom again

Today is T4 la..
It is still standing strong.. nothing to worry about...

Today is T4, expected to drop one.
Tomorrow will confirm go back green again and next level? Try buy some today?

Thanks.
ESP

Yea, Just buy and Hold long long.
Revenue Gonna Double with new Iphone and 5G network.

STNCWS ??? I thought u ask ppl sell??? and dont trust me??

BABY SHARK DODODOODODODo

Ppl would have noticed this..
From 11.5 cent till 14 cent.. everyone huat liao la..

Follow and support me on telegram :)

Yes.. Just hold till June 2018... You will see ur capital growth :)

no

http://klse.i3investor.com/blogs/InvestmentApproachofESP/139117.jsp