@AKT: Tks for the insight. Actually I already sailang into Ekovest so don't need to warn me on risk analysis. I feel that Ekovest itself is good already but the merger will create more attention.

@Ang Kian Teck

Tks for the response. but IWCITY now worth rm1.4x. Not that far away from 1.50.

If IWCITY is a damn good deal then I feel MI might veto. Gaining >50% shares is a long way.

For me, macam not a good sign for the merger.

Clause 1.7, does that mean they don't want to sell IWC shares? Newbie here.

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=84045&name=EA_GA_ATTACHMENTS

Not so favourable, need Q4 to push and spread rebound. Play Ekovest better.

How come everyone so sure the acquisition will go through? If it's a good deal for ekovest, wouldn't iwc MI veto the proposal?

Rising crude price is trading a one off inventory gain with higher raw material cost. Right? Spread is more reflective unless hedged before drop.

Why ur TP is rm1.50?

Why RM3.00 specifically? What's happenning in 6 months? Sorry, I'm new

Bought in .48.

I bought 0.18

Why 30 or 40c?

Bought in fintec. Hi everyone. Hope to uncover this gem together.

Sold off all d. Good luck. No more HY. Change to Fintec and Dufu.

Even at 7 USD also quite spectacular earnings like Q3.

How does inventory gain reflect in p&l.? Don't think it's allowable under mfrs

秦姐，雅灭蝶

Topped up on CI today.

Whatever happen now doesn't flow to Q4 results.

姐，说好的出力抽呢？

Steady as we go

姐，我要你。。。。 大力一点抽

Should be FX gain. It's a reduction in liabilities.

Rebound 99

True, CI has lower volume. Will convert to mother soon.

Bought CI, not CH

Bought in more warrants

@$_$ lol, relax man. It will be up for sure. WC holders should be more gan jiong

@Ducken dude, it's RM68m gain, not USD17/barrel.

Better shoot up, just bought call warrant CI end of today. Betting a gap up :) Good night

can go up further? just bought end of today

Any idea how Philip 66 commands 25 PE? So vast difference from Malaysia refineries.

Takes 2 person to argue. One person give way and it will end. Pointless.... make money wins.

Bought in warrant. Hopefully can earn some peanuts from HY.

@LandForst that's very true. Almost forgot about tax.

I thought HY cannot produce ron95 until euro4 upgrade. Sorry, newbie. I read the AR2016, saw gasoline mainly.

Am I reading the refining margin chart wrongly? I see q4 having higher margin on average coz jul was lower.

@probability is it possible for petron to invest USD 3.5b while having market cap of only myr3.7b. Can afford ah?

@ probability sifu , I learn a lot from ur post. Thanks. Great analysis on capacity. However, I wonder what's the difference between simple and complex refinery?

https://www.usatoday.com/story/money/markets/2017/12/15/warren-buffetts-10-largest-current-stock-bets/108625460/

I read it differently. The 763m is states gross, not at 24%. The credit amount charged into p&l is @ effective tax rate.

Is stockholding gain allowable to be recognised in p&l?

How does pumping petrol at shell helps? Don't remember HY produces Ron95. But diesel will help la

@3iii http://klse.i3investor.com/m/blog/20102017/142790.jsp

This article is not fair to value using eps in TA year. Best if use a quarter eps times 11 divide by 12 to get expected eps per quarter in long run. But I agree on tax part. Big impact.

@mneo

Thanks. Didn't know that. Always thought that spread was bad back then. Wonder why shell did badly given that shell is one of the giant and expert in o&g. Anyone knows?

verbatin1969 LAST week at the gym a friend shouted out from the other end: “Hey, target price for Hengyuan is RM32.”

My reply to him was: “Good luck to you in the New Year.”

read more here
https://www.thestar.com.my/business/business-news/2017/12/30/make-hay-...

Kind of worrying. Lol. Hope the optimism continues. Fundamental may remain but ppl r irrational sometimes.

Not buying because China fund is buying but rather curious how ppl know it's China fund. If it's a guess then so be it. Just curious only.

How do we know it's China fund buying?

Agree cannot compare to petgas but should command Petron's PE. Does management intend to clear debt first?

@happy888 It has been USD 13.4 on average.
HY manage to make money on USD 8.
U have to imagine what USD 13.4 will do.
A lof of people got confused.
Imagine cost for HY per barrel is USD4.

HY make money of USD 8-4 = USD 4 per barrel.
Now at USD 13.4, HY will make USD 13.4 - USD 4 = USD 9.4 per barrel
That is a massive 200% increment.

And i am using a wrong data by the way... the cost is more than USD4. But just to illustrate what is the potential of USD 13.4

How to come out with 13.4? The graph I refer to is http://www.cmegroup.com/trading/energy/refined-products/singapore-mogas-92-unleaded-platts-brent-crack-spread-swap-futures.html. Is this correct and reflective?