Hengyuan from 2016 - 2021 (5 years), despite very difficult refining margin managed to increase its NTA by about RM 5, that is like on average RM 1 per year.

For 50% payout, at 5% yield RM 10 is minimum target...

But now with current crack spread, easily RM 1 EPS per QTR!!

@Pang72...just hold tight tight till the results speaks

To sifu Pang72, Stockraider..Annetan and all the senior comrades of i3.. its time to wallop HENGYUAN!

I am in...we are talking about minimum TP of RM 10 here.

both macro & micro factors makes investment in bursa difficult..

local politics is making malaysia appear like the doomed MH370 awaiting crash..as if the pilot is missing

same here fortunebull..i can understand what u r saying..

well said, i seriously prefer the previous format.. @TanKW , thanks for the link

myself left clueless on what is the strategy that works in bursa...simple PE 10 thesis appears to be hidden in the sand for now...as future earnings prediction became increasingly difficult...

i believe with the tech stocks dropping some sanity on valuation will appear to bursa

only Charlest sifu surviving...proven the fittest...most adaptive...just like sifu OTB..does not matter black or white cat..as long as can catch the rat

Orang utan definitely appears more peace loving creature than Zuraida..as all she can think about is killing and being killed..

actually orang utan statement is so apt..cause it kinda make us reflect we malaysia are being governed by apes...

malaysia has become 'country' of the apes..

agree sslee & tobby...LOL!

steel traders margin is good

Nice selection Charlest!
Annjoo and Uzma is clear cut winners to me...

no idea on KPS..can you enlighten a bit?

I see.. Thanks for the info!

Its hitting 4700 now..

Posted by alenac > Dec 16, 2021 3:03 PM | Report Abuse

Good news Chinese local provincial officials has taken over the management of Evergrande to ensure construction of houses continue and completed. Hopefully the demand for steel will pick up further.

CNY 4683 now!

CNY 4683 now!

steel price in China shot up 8% to 4660 in a single day!

https://tradingeconomics.com/commodity/steel

China’s coal shortage eases after Beijing steps in, report says
PUBLISHED TUE, NOV 2

https://www.cnbc.com/2021/11/02/chinas-coal-shortage-eases-after-beijing-steps-in-cba-report-shows.html

European Coal Price Drops Below $100 as China Boosts Output

1 November 2021

https://www.bloomberg.com/news/articles/2021-11-01/european-coal-price-drops-below-100-as-china-boosts-output

https://assets.bwbx.io/images/users/iqjWHBFdfxIU/imo6f1ae2po4/v2/775x-1.png

Raw material Iron Ore % Coal price dropped by over 40% compared to August

https://markets.businessinsider.com/commodities/iron-ore-price

https://tradingeconomics.com/commodity/coal


while finished good steel dropped less than 16% within the same period

https://tradingeconomics.com/commodity/steel


This is expected as the coal supply and iron ore supply is more than China's demand by the shut down of polluting Blast Furnace steel makers there


Our local Blast Furnace steel makers margins is only expanding... precious opportunity to accumulate to those who have done the maths

the above truth will reveal itself

Price as of Oct 8:
.................

Iron Ore RM 482
Scrap RM 1,823 – RM 1,961
Billet RM 2,800 – RM 2,950
Rebar RM 3,100- RM3,250
Steel Wire Rod RM 3,200 – RM3,300

Latest Price Oct 29:
..................

Iron OreRM 508
ScrapRM 2,080 – RM 2,113
BilletRM 2,750 – RM 2,900
RebarRM 3,150- RM3,300
Steel Wire RodRM 3,250 – RM3,350


Price very resilient....

uncle when are you moving back to Dayang?

Ismail Sabri: No more quarantine for Malaysian oil rig workers, requirement stands for foreigners

Published on 25 Aug 2020

https://www.thestartv.com/v/ismail-sabri-no-more-quarantine-for-malaysian-oil-rig-workers-requirement-stands-for-foreigners

Malaysians oil and gas workers are no longer required to undergo mandatory quarantine when signing on or off from offshore platforms, says Datuk Seri Ismail Sabri Yaakob.

He added that Malaysians only need to take swab tests before they sign-on to the platforms and do not need to be quarantined.

If oil price breaks 88 and hits $100, the oil and gas industry chooses stocks not to choose markets

https://www.klsescreener.com/v2/news/view/897205/%E6%B2%B9%E4%BB%B7%E8%8B%A5%E7%A0%B488-%E4%B8%8A%E6%8E%A2100%E7%BE%8E%E5%85%83-%E6%B2%B9%E6%B0%94%E4%B8%9A%E9%80%89%E8%82%A1%E4%B8%8D%E9%80%89%E5%B8%82

Look at the fundamentals before entering the market
Although higher oil prices are beneficial to the oil and gas industry, not all companies benefit from it. Analysts remind investors that they should pay attention to the fundamentals of each company before making a decision.

In order to reflect the benefits of higher crude oil prices, Tat Securities adjusted upwards to Petronas Chemical (PCHEM, 5183, Main Board Industrial Product Service Group), International Shipping (MISC, 3816, Main Board Transportation and Logistics Group) and VELESTO Energy (VELESTO, 5243, Main Board Energy) Group) and other oil and gas stocks’ valuations and target prices.

The bank upgraded Petronas Chemical’s rating from the previous “hold” to “buy”, mainly because the company purchases natural gas raw materials from its parent company Petronas at a lower price, and the cost is relatively low. Some competitors are facing cost pressures caused by rising naphtha raw material prices.

Wu Junsheng said that the oil and gas stocks currently assigned by Hong Leong Investment Bank with a "buy" rating include International Shipping, Armada (ARMADA, 5210, Main Board Energy Group), Dia Le Group (DIALOG, 7277, Main Board Energy Group), and Da Leong Foreign Enterprise (DAYANG, 5141, Main Board Energy Group).

If oil price breaks 88 and hits $100, the oil and gas industry chooses stocks not to choose markets

https://www.klsescreener.com/v2/news/view/897205/%E6%B2%B9%E4%BB%B7%E8%8B%A5%E7%A0%B488-%E4%B8%8A%E6%8E%A2100%E7%BE%8E%E5%85%83-%E6%B2%B9%E6%B0%94%E4%B8%9A%E9%80%89%E8%82%A1%E4%B8%8D%E9%80%89%E5%B8%82

Look at the fundamentals before entering the market
Although higher oil prices are beneficial to the oil and gas industry, not all companies benefit from it. Analysts remind investors that they should pay attention to the fundamentals of each company before making a decision.

In order to reflect the benefits of higher crude oil prices, Tat Securities adjusted upwards to Petronas Chemical (PCHEM, 5183, Main Board Industrial Product Service Group), International Shipping (MISC, 3816, Main Board Transportation and Logistics Group) and VELESTO Energy (VELESTO, 5243, Main Board Energy) Group) and other oil and gas stocks’ valuations and target prices.

The bank upgraded Petronas Chemical’s rating from the previous “hold” to “buy”, mainly because the company purchases natural gas raw materials from its parent company Petronas at a lower price, and the cost is relatively low. Some competitors are facing cost pressures caused by rising naphtha raw material prices.

Wu Junsheng said that the oil and gas stocks currently assigned by Hong Leong Investment Bank with a "buy" rating include International Shipping, Armada (ARMADA, 5210, Main Board Energy Group), Dia Le Group (DIALOG, 7277, Main Board Energy Group), and Da Leong Foreign Enterprise (DAYANG, 5141, Main Board Energy Group).

Ismail Sabri: No more quarantine for Malaysian oil rig workers, requirement stands for foreigners

Published on 25 Aug 2020

https://www.thestartv.com/v/ismail-sabri-no-more-quarantine-for-malaysian-oil-rig-workers-requirement-stands-for-foreigners

Malaysians oil and gas workers are no longer required to undergo mandatory quarantine when signing on or off from offshore platforms, says Datuk Seri Ismail Sabri Yaakob.

He added that Malaysians only need to take swab tests before they sign-on to the platforms and do not need to be quarantined.

Ismail Sabri: No more quarantine for Malaysian oil rig workers, requirement stands for foreigners

Published on 25 Aug 2020

https://www.thestartv.com/v/ismail-sabri-no-more-quarantine-for-malaysian-oil-rig-workers-requirement-stands-for-foreigners

Malaysians oil and gas workers are no longer required to undergo mandatory quarantine when signing on or off from offshore platforms, says Datuk Seri Ismail Sabri Yaakob.

He added that Malaysians only need to take swab tests before they sign-on to the platforms and do not need to be quarantined.

Ismail Sabri: No more quarantine for Malaysian oil rig workers, requirement stands for foreigners

Published on 25 Aug 2020

https://www.thestartv.com/v/ismail-sabri-no-more-quarantine-for-malaysian-oil-rig-workers-requirement-stands-for-foreigners

Malaysians oil and gas workers are no longer required to undergo mandatory quarantine when signing on or off from offshore platforms, says Datuk Seri Ismail Sabri Yaakob.

He added that Malaysians only need to take swab tests before they sign-on to the platforms and do not need to be quarantined.

SC - I HOPE YOUR HEAR THIS...

This country will go down the drain when you allow such management to go unscathed...enough of the corrupt politicians najib, daim, tun etc...

SC should make this a lesson for future companies who wants to list in bursa and make fake revenues...

comments & sharing of opinion still matters for scib and kpower shareholders

Posted by Depeche > Oct 23, 2021 2:11 PM | Report Abuse

At this juncture, no need to debate anymore and just wait for the judgement...if SIR confirms KPMG's findings. all SD holders are screwed. including local and foreign institutions...all sink with the titanic into the deep blue sea... that will be international headlines... major shareholders may file suit against SD mgt for misrepresentation leading to their losses...Dat Karim will be blacklisted in the biz community... nobody is going to trust him anymore... banks will shun him... all INEDS would have tendered resignation by now since they have been receiving bi-weekly updates from E&Y... bosses don't concern how much their warrants are priced... but their market cap....so selling WA to buy mother shares makes sense.
Last but not least, we have reached the stage when no amount of promoting(by supporters) nor overkilling (by naysayers) will affect the outcome.
If SD falls, it will be a very painful experience for holders.
If SD sails through the storm, naysayers should just be graceful enough to congratulate the holders.

Buy Dayang! You cant be wrong...

Posted by probability > Oct 23, 2021 1:54 PM | Report Abuse X

there are so many other O&G stock that had already dropped 1/3 of its previous norm without any of the issues being faced by SD...e.g Dayang

why spent time risking on this rubbish stock with corrupt management?

just see the free cash flow

whatever the revelation on Monday or Tuesday...just dump SD and all of its sister company SCIB and KPOWER...


move to REAL O&G companies...not fake shell companies

there are so many other O&G stock that had already dropped 1/3 of its previous norm without any of the issues being faced by SD...e.g Dayang

why spent time risking on this rubbish stock with corrupt management?

just see the free cash flow

Oil services company - Schlumberger beats 3Q profit estimates as oilfield activity recovers

https://www.theedgemarkets.com/article/schlumberger-beats-3q-profit-estimates-oilfield-activity-recovers

"The industry macro fundamentals have visibly strengthened this year, particularly in recent weeks — with demand recovery, oil and gas commodity prices at recent highs, low inventory levels, and encouraging trends in pandemic containment efforts," Schlumberger chief executive officer Olivier Le Peuch said in a statement, adding he expects those conditions to materially drive investment over the coming years.

Oil services company - Schlumberger beats 3Q profit estimates as oilfield activity recovers

https://www.theedgemarkets.com/article/schlumberger-beats-3q-profit-estimates-oilfield-activity-recovers

"The industry macro fundamentals have visibly strengthened this year, particularly in recent weeks — with demand recovery, oil and gas commodity prices at recent highs, low inventory levels, and encouraging trends in pandemic containment efforts," Schlumberger chief executive officer Olivier Le Peuch said in a statement, adding he expects those conditions to materially drive investment over the coming years.

Oil services company - Schlumberger beats 3Q profit estimates as oilfield activity recovers

https://www.theedgemarkets.com/article/schlumberger-beats-3q-profit-estimates-oilfield-activity-recovers

"The industry macro fundamentals have visibly strengthened this year, particularly in recent weeks — with demand recovery, oil and gas commodity prices at recent highs, low inventory levels, and encouraging trends in pandemic containment efforts," Schlumberger chief executive officer Olivier Le Peuch said in a statement, adding he expects those conditions to materially drive investment over the coming years.

Oil services company - Schlumberger beats 3Q profit estimates as oilfield activity recovers

https://www.theedgemarkets.com/article/schlumberger-beats-3q-profit-estimates-oilfield-activity-recovers

"The industry macro fundamentals have visibly strengthened this year, particularly in recent weeks — with demand recovery, oil and gas commodity prices at recent highs, low inventory levels, and encouraging trends in pandemic containment efforts," Schlumberger chief executive officer Olivier Le Peuch said in a statement, adding he expects those conditions to materially drive investment over the coming years.

any steel player who can convert iron ore to steel will be minting money...they will be leveraged by the EAF steel makers who need to use scrap metal as their raw material

scrap iron price had risen significantly this month - refer MITI bulletin, as such finished steel products will be supported by multiple factors..

this means Blast Furnace players like Hiap Teck and Annjoo who rely on iron ore instead of scrap metal will have a long term edge with low iron ore price...

people will be surprised by their consistent high profit margin going forward qtr after qtr...

Posted by BlessedInvestor > Oct 23, 2021 10:01 AM | Report Abuse

coal price dropped by 30% within a week and iron ore dropped by about 8-10%, whereas steel rebar price also dropped by about 10%-15%, do you think is a bad news?

Making of steel required about 50% of coal and 50% of iron ore, this means cost are down also, steel makers are still enjoying very good profit margin...

market is 6 months fwd looking....its anytime now fund will switch to O&G maintenance players

PP @ 1.37

cant go wrong here

https://www.theedgemarkets.com/article/analysts-cut-supermax-earnings-forecasts-after-us-customs-ban-glove-products

“We have cut our earnings forecasts for Supermax for FY22 (the financial year ending June 30, 2022) to FY24 by 22% to 54% as we believe that it would take at least a year for Supermax to resolve the issue with the CBP and given the likely pressure on its average selling prices (ASPs) due to its significant exposure to the US market,” said Affin Hwang Investment Bank in a note.

As a result, it cut its target price (TP) for Supermax to RM1.70 based on an unchanged 5.5 times 2022 price-earnings ratio (PER), and downgraded the stock to "sell" from "hold".

sifu...what happened,,,kindly enlighten

Posted by striker888 > Oct 14, 2021 10:09 AM | Report Abuse

Probability, what the hell are you smoking? Apparently you have no idea what you are talking about, lol

China basically killed their steel industry.....BF steel makers by strict pollution control and EAF players with higher electricity cost

This is long term good news for our local steel players

What does China’s power policy shift mean for metal makers, other energy hogs?

Wednesday, 13 Oct 2021

https://www.malaymail.com/news/money/2021/10/13/what-does-chinas-power-policy-shift-mean-for-metal-makers-other-energy-hogs/2013129

Going forward, as generators pass on some rising costs to consumers and raise power supplies, power-hungry industries such as steel, aluminium, cement and chemical producers are expected to face higher and more volatile power costs as previous fixed-cost arrangements are replaced by market-based pricing.

How will output of key metals be affected by this?

Analysts say China’s world-leading steel industry may be forced to cut output from electric arc furnaces (EAF), which account for roughly 15 per cent of China’s total steelmaking capacity.

Electric furnaces run on electricity and so emit fewer emissions than traditional blast furnaces, but have high power needs.

“The broad story is that there will be an increase in steelmaking costs, more so for EAF. This could amount to around 4.5 per cent of current rebar prices, which are currently at (5,860 yuan per tonne),” according to Li Wang, senior steel analyst at consulting firm CRU.

China is also restricting traditional steel output through mid-March next year to reduce smog, which may further underpin steel prices.

China basically killed their steel industry.....BF steel makers by strict pollution control and EAF players with higher electricity cost

This is long term good news for local steel players

The above is jackpot news for Blast furnace (BF) steel producers - for those who understand