https://klse.i3investor.com/web/blog/detail/Sslee_blog/2023-05-27-story-h-269629315-Petronm_s_64th_AGM_questions

Please feel free to comment.
Will send out the email next week

https://klse.i3investor.com/web/blog/detail/Sslee_blog/2023-05-27-story-h-269629315-Petronm_s_64th_AGM_questions

Please feel free to comment.
Will send out the email next week

https://klse.i3investor.com/web/blog/detail/Sslee_blog/2023-05-27-story-h-269629315-Petronm_s_64th_AGM_questions

Please feel free to comment.
Will send out the email next week

Just a simple question with Revenue of RM 1.6 billion, EPS of 3.99 cents per quarter and dividend of 3.5 cents per year why QL worth RM 5.55???

So Bon888 are you drunk?

Petronm is transforming itself from oil refinery into network expanding retail service station with convenient/fast food store for rent that have a high double digit IRR.

Petronm price at Financial year end:
Date: 30/12/22: 31/12/21: 31/12/20: 31/12/19: 31/12/18: 29/12/17
Price: 4.3300: 4.3800: 5.2500: 5.0200: 6.2700: 13.5400

So I am waiting for price of RM 13.54 come 31/12/2023 if Petronm can match the performance of 2017 EPS of RM 1.50

This weekend will prepare submit in advance questions for incoming Petronm AGM.

Is the below two expenses look and sound right with no monkey business?

Repost:

Quarter end 31th 2022 AAX make a PBT of RM 153,485,000 because:
1. Maintenance and overhaul expenses: RM (10,516,000)
2. Aircraft lease expenses: RM (11,547,000)

What will be quarter end 31th March 2023 these two expenses looklike?

I3lurker,
Petronm dividend 25 cents coming.

Subject Type Amount Ex Date
Final Dividend DIVIDEND 0.2500 19/06/2023

Can HRC beat Petronm Q1 2023 PBT of RM 146,838,000?

Dear Haniza Abdul Hamid
IR Contact: HRCPD-Corporate-Affairs@hrc.com.my

I tried to follow yesterday's HRC 64th AGM (LIVE STREAM MEETING) from my Indonesia workplace but facing technical problems: “Firefox detected a potential security threat and did not continue to vimeo.com because this website requires a secure connection.
What can you do about it?
vimeo.com has a security policy called HTTP Strict Transport Security (HSTS), which means that Firefox can only connect to it securely. You can’t add an exception to visit this site”

I quote your previous email, “Please also be advised that the Board/Company will endeavour to answer the questions submitted through the TIIH Online Website at the AGM. If there is time constraints, the responses will be e-mailed to shareholders within fourteen (14) days after the AGM date.”

Will HRC kindly email to me a copy of BOD/Management answers to my AGM questions within (14) days after the AGM?

Thank you
Have a good day

Best Regards
Lee Soon Sheng

AAX did not make money even before the Covid19 because CapitalA charged AAX very high Maintenance and overhaul expenses and Aircraft lease expenses or in other word profit transfer from AAX to the parent.

By the way for long haul flight using Budget airline short haul flight business model of working the planes to the limit to earn the profit can never work for long haul flight which need overnight stay and crews changed between flight.

Firefox detected a potential security threat and did not continue to vimeo.com because this website requires a secure connection.

What can you do about it?

vimeo.com has a security policy called HTTP Strict Transport Security (HSTS), which means that Firefox can only connect to it securely. You can’t add an exception to visit this site


My HRC AGM vote:
No. Resolution(s) For Against Abstain
1 RESOLUTION 1: Against
2 RESOLUTION 2: For
3 RESOLUTION 3: For
4 RESOLUTION 4: For
5 RESOLUTION 5: Against
6 RESOLUTION 6: For
7 RESOLUTION 7: For
8 RESOLUTION 8: Against
This is computer-generated document by TIIH Online. No signature is required.
Date : 24 May 2023 , 10:05 AM

Quarter end 31th 2022 AAX make a PBT of RM 153,485,000 because:
1. Maintenance and overhaul expenses: RM (10,516,000)
2. Aircraft lease expenses: RM (11,547,000)

What will be quarter end 31th March 2023 these two expenses looklike?

Good morning 3i,
Mind explaining what the below mean?
And since 31 March 2023 come and gone so the JV partner already forfeit the 50% share of profit of RM 206,676,000?

Should the Shares Sale was completed on 31 March 2023 and the equity accounting method been applied in accordance with MFRS 11 based on the Company’s eventual effective shareholdings in the JVC which is 50%, the

Effect of the Shares Sale to
the profit for the period would have been as follows:

Individual: Cumulative
3 months ended 31 March 2023: 9 months ended 31 March 2023
RM'000: RM'000
Profit for the period: 155,287: 437,479
Less: Effect of the Shares Sale: (206,676): (206,676)
Adjusted (loss) / profit for the period: (51,389): 230,803


Upon completion of the Shares Sale, the Company shall account 50% of the JVC’s results under equity accounting method. In addition, the above mentioned Effect of the Shares Sale would be accounted for as a loss on disposal of effective interest in the Joint Arrangement.

https://klse.i3investor.com/blogs/Sslee_blog/2023-05-06-story-h-271507206-Hengyuan_Questions_for_the_upcoming_HRC_64th_AGM_schedule_on_24_may_202.jsp

Please follow the live stream HRC AGM tomorrow to know what the BOD and Management have to say about my above questions.

Note: I cannot follow the live streaming bevause I am in Medan and telecom Indonesia do not allow assess to foreign live streaming. I can only do remote voting.

Bravo to the promoter but should it be of concerned?
CapitalA annual report 2022.
Going Concern Assessment:
As at 31 December 2022, the Group’s current liabilities exceeded its current assets by RM8,509 million. In addition, as at 31 December 2022, the Group reported a negative shareholders’ funds of RM5,725 million.

Dear Sir/Madam,

We have verified your registration for remote participation against the General Meeting Record of Depositors (“ROD”).

We wish to inform that you are accepted to engage in the remote participation at the meeting.

Please follow the procedures for remote participation as set out below:-

1) Login
Website: https://tiih.online with your user ID and password from 9.00 a.m. on Wednesday, 24 May 2023.

2) Participate through Live Streaming
Select corporate event: “(LIVE STREAM MEETING) HENGYUAN 64TH AGM” to engage in the proceeding of the meeting remotely. If you have any question for the Chairman/Board of Directors, you may use the query box to transmit your question. The Chairman/Board of Directors will endeavor to respond to your questions. If there is time constraint, the response will be e-mailed to you at the earliest possible time after the meeting.

3) Online Remote Voting
Select corporate event: “(REMOTE VOTING) HENGYUAN 64TH AGM” or if you are on the live stream meeting page, you can select "GO TO REMOTE VOTING PAGE" button below the query box and proceed with the steps stated therein to submit your votes.

Please refer to the Administrative Guide/Note which is posed in our TIIH Online for more details on the remote participation.

If you need any assistance, please contact us:-

That one tikus keep saying his book gain of 30% in capitalA. If only he has put his money on AAX what will be his return?

After AAX debts restructure, capital reduction and 10 to 1 share consolidation AAX surpose to make capital call of renounceable rights issue of new shares to raise gross proceeds of up to RM300 million from its existing shareholders, and an issuance and allotment of new AAX shares to raise another RM200 million to get out of PN17.

Is this plan still on or Stony trying to unload capitalA debts loaded aviation to AAX?

What to comment when the fact is Stony did not hold to his word of annoucing the PN17 regularisation plan before end of April 2023.

What man is a man who does not keep to his words?

If you put your money in FD earning an interest rate of i and your country inflation rate is R. The your RM 1 million after 5 year will have NPV of RM [(1+i)/(1+R)]^5

If your interest rate is 3 % or i = 0.03
And R inflation is 6% or R = 0.06
Then your NPV of 1 million is (1.03/1.06)^5 = 0.8663 million

Me no gambling but investing my money.
Only those gamblers will want to promote PN17 companies like CapitalA and Zelan

From CapitalA annual report 2022.
Going Concern Assessment:
As at 31 December 2022, the Group’s current liabilities exceeded its current assets by RM8,509 million. In addition, as at 31 December 2022, the Group reported a negative shareholders’ funds of RM5,725 million.

By the way airasia is no way near SAS.

I sold all my bplant and some Insas to top up Petronm. Without land sale Bplant will report a poor quarter. As of why I top up petronm? I better keep quiet, no point sharing in i3.

Berkshire Hathaway 3/4 of the portfolio is concentrated in just 5 companies,namely Apple, BOA, Chevro, Coca cola, AMEX.

And icapital: Include PN17 compamy.
Table 2: Size of Holdings as at 31 May 2022
Company (‘000 shares)
Bioalpha Holdings 49,058
Kronologi Asia 31,112
Capital A (formerly known as AirAsia Group) 29,282
Kelington Group 28,383
Parkson Holdings 22,942
SAM Engineering & Equipment 18,154
Padini Holdings 17,007
Boustead Holdings 12,148
Suria Capital 11,894
Capital A - RCUIDS shares 9,761
Kelington Group - Warrants 9,461
Bioalpha Holdings - ICPS 7,665
Luxchem Corporation 5,007
Capital A - Warrants 4,880
APM Automotive Holdings 4,541
OCK Group 3,410
Oceancash Pacific 3,145
MKH 2,951
Apex Healthcare 2,283
Tong Herr Resources 1,888
HPMT Holdings 1,803
Salutica 1,700
Wellcall Holdings 1,514
United Plantations 165
Eupe Corporation 100

To strengthen RM need to cut all the subsidy (petrol/diesel, cooking oil, egg, chicken, electricity, NG and etc) and rate hike which is a no no when State election is near.

After state election is over and DSAI feel the unity government is save from now then most likely DSAI will do something to strengthen RM come 2024.

By the way petronm 25 cents dividend coming.

Me too also hope will be rewarded by god. Petronm go go go and up up away.

Me everage down my Petronm to RM 4+. Someone should average down his HRC from RM 4+ to RM 3+. HRC and Petrom Q1 result coming soon.

kebling98 Petron is making 100m profits
Hengyuan lei?
Loss again?
Or make 200m profits?
Whole market awaiting red red report
Later profit 50m with no more derivatives loss
Limit up hahaha
20/05/2023 12:07 AM

Fight what???
Every RI and PP at lower and lower price with billion of share issue so that someone will get the LTIP free grant.

The 2023 Atlantic hurricane season is the current hurricane season in the Atlantic Ocean. It officially begins on June 1, 2023, and ends on November 30, 2023. These dates, adopted by convention, historically describe the period in each year when most tropical cyclogenesis occurs in the Atlantic (over 97%)

Pre-season forecasts

On December 6, 2022, TSR released the first early prediction for the 2023 Atlantic season, predicting a slightly below average year with 13 named storms, 6 hurricanes, and 3 major hurricanes.[5] Their updated prediction on April 6, 2023, called for a similar number of hurricanes and major hurricanes, but reduced the number of named storms by one.[6] The following day, the University of Arizona (UA) posted their forecast for a very busy season featuring 19 named storms, 9 hurricanes, 5 major hurricanes, and an ACE index of 163 units.[7] On April 13, CSU researchers released their prediction of 13 named storms, 6 hurricanes, 2 major hurricanes, and an ACE index of 100 units.[13] Also on April 13, TWC posted their forecast for 2023, calling for 15 named storms, 7 hurricanes, and 3 major hurricanes.[9] On May 1, PSU released their forecast for 12–20 named storms.[11] While most organizations expressed growing confidence in the development of an El Niño, which typically suppresses Atlantic hurricane activity, TWC, UA, PSU and CSU noted that well above average ocean temperatures in the Atlantic basin could yield greater activity, particularly if a weaker El Niño event materializes

静而不争,得之我幸,失之我命,万事随缘。
Sold some of my Insas to buy Petronm.

Yes one tikus besar take the bait and now trapped at HRC 44 floor.
But no worries Q1 2023 refining products crack spread is about USD 20/barrel. PETRON should report Q1 2023 about RM hundred million net profit and as of HRC 95% 0f the gambler always losses.

Posted by StingRay > May 17, 2023 8:39 AM | Report Abuse

As for SSLee on HRC. What he used to forecast the performance using crack or spread was not wrong. However, he missed a few important point. He missed the hedging or to me how they do trading. Remember this, Chinese and gambling goes hand in hand. And 95% of the gambler always losses.

He also did not take into consideration that by the time he get those spread or crack, those people that is close to the refinery already has their position in that counter. Just waiting for someone to take the bait for them to reap good reward

Q1 2023 products crack spread are about USD 20/bbl. Petron should make better profit than Q1 2022. As of HRC is still a big question mark?

Question 27: With FY 2022 record breaking double digit refining margin/crack spread (differences between price of Brent crude oil and sales price of petroleum products) of USD (125 – 101) = USD 24/bbl. If HRC still makes losses then what hope can we have on Executive directors and top management of HRC?

Petron not going up compare to Petdag according to i3lurker
Petron is a foreign company.
those Unit Trusts and Funds will boost up PetDagang for selfish purposes

If no one collect how to go up.?
However I do not mind collecting some for the 25 cents dividend.
Yesterday sold some Insas to collect Petron.

Robert De Niro, 79, announces name of his newborn daughter while sharing a sweet first photo as he CONFIRMS Tiffany Chen is the mother
By Sarah Sotoodeh and Eve Buckland For Dailymail.Com
15:44 11 May 2023, updated 17:14 11 May 2023

Robert De Niro revealed his daughter's name - Gia Virginia Chen-De Niro
Robert and partner Tiffany Chen welcomed their baby girl on April 6

Robert De Niro confirmed he welcomed a daughter with his partner Tiffany Chen, also revealing her name - Gia Virginia Chen-De Niro.

She was born on Thursday, April 6, weighing 8 pounds, 6 ounces, he told CBS Mornings' host Gayle King via a phone call.

Post removed.Why?

3iii,
Which undervalued counter based on asset play you are talking about?

If you are interest to invest in undervalued asset play. Have a look at malton.

PROPOSED DISPOSAL BY REGAL PATH SDN BHD, A 51% JOINT VENTURE OF MALTON, OF THE PAVILION BUKIT JALIL MALL TO PAVILION REAL ESTATE INVESTMENT TRUST FOR A TOTAL INDICATIVE DISPOSAL CONSIDERATION OF RM2,200,000,000 ("PROPOSED DISPOSAL")


Another severely undervalued counter I had was based on an asset play- 3iii

I promoted Petronm at RM 7.00 because I compare petronm with Petdag. So anything wrong with that comparision?

Dear Bursa,

I now have no more issue with Petron Malaysia but I take offence on the fact that Kananga IB’s unprofessional conducts of not engaging with investing public nor Petron Malaysia Management to make amendment to their incomplete/half past six analysis article on Petron Malaysia Refining - A Crack Spread Refinery Play: Dated: 27 October 2022


Thank you


Best Regards
Lee Soon Sheng

Why Petronm PE only 4.04 and Petdag PE is 27.89?

PetronM annual report.
Page 139
2022: 2021
RM '000: RM '000
Rental income 47,562 : 40,562

So PetronM do not need to do anything also got rental income.

Dear kebling98
You cannot take the Gross margin per barrel (USD): 9.50 to 36.10 as average 20 means.
You need the volume and then the volume weighted average gross margin per barrel.

Hi Mr Lee,



Thanks for including MSWG in the loop. Our analyst will raise the relevant questions for the upcoming AGM as well.



Regards


Minority Shareholders Watch Group (MSWG)
Level 23, Unit 23-2
Menara AIA Sentral
No. 30, Jalan Sultan Ismail
50250 Kuala Lumpur
Tel: 03-2732 0010

Pease attend the upcoming AGM and hear for yourself what the HRC mamagement answers to the below questions.

https://klse.i3investor.com/blogs/Sslee_blog/2023-05-06-story-h-271507206-Hengyuan_Questions_for_the_upcoming_HRC_64th_AGM_schedule_on_24_may_202.jsp

Page: 134
Refining margin swap contracts (continued)
The effects of the refining margin swap contracts on the Company’s financial position and performance are as follows:
2022: 2021
Carrying amount liability, net (RM’000): (830,596): (179,886)
Notional value (USD’000): 180,413: 265,421
Maturity date January 2023 to September 2024: January 2022 to September 2024
Hedge ratio (%): 100: 100
Change in fair value of designated hedging instruments (RM’000): (829,075): (97,395)
Change in value of hedged item used to determine hedge effectiveness (RM’000): 829,075: 97,395
Gross margin per barrel (USD): 9.50 to 36.10: 8.00 to 12.30

Question 18: Is it a typo error 2022? Should be 2023 Refining margin swap contracts: Notional value: USD 180,413,000, Maturity date January 2023 to September 2024 and Gross margin per barrel (USD): 9.50 to 36.10.

Question 19: Are the refining margin swap contracts how many % are based on Singapore Mogas 92 Unleaded (Platts) Vs Brent and on Singapore Gasoil (Platts) Vs Brent?

Question 20: Notional value: USD 180,413,000. Gross margin per barrel (USD) range 9.50 to 36.10: What is the total volume (barrel) and volume weighted average gross margin per barrel?

Question 21: Of the total volume, how many (barrel) and volume weighted average gross margin per barrel refining margin swap contracts mature in quarter 1, quarter 2, quarter 3 and quarter 4 2023?

Stock [SYF]: SYF RESOURCES BHD
Announcement Date 12-May-2023
Reference No CS2-12052023-00049
Substantial Shareholder's Particular:
Name INSAS BERHAD
Details of Changes:
Currency -
Date of Change Type Number of Shares
10-May-2023 Others 1,009,090,909
Registered Name Insas Berhad
Nature of Interest Direct Interest
Description Allotment
Nature of Interest Direct Interest
Shares Ordinary Share
Reason Being ordinary shares issued and allotted by SYF Resources Berhad to Insas Berhad as consideration for the disposal of the entire Ordinary Shares and Redeemable Convertible Preference Shares in M & A Securities Sdn Bhd by Insas Berhad to SYF Resources Berhad
Total no of securities after change
Direct (units) 50,015,200
Direct (%) 63.95
Indirect (units) 0
Indirect (%) 3.17
Total (units) 1,059,106,109
Total (%) 67.12
Date of Notice 12-May-2023

3iii,

Coastal current 100% subsidiary company, Coastoil Dynamic SA De CV (“CD”) is in Mexico not Brazil

The gas- field belong to Pemex Exploracion and Produccion, which is a subsidiary of Petroleos Mexicanos (“Pemex”), Mexican state-owned petroleum company.

Nuvoil claim in their website:
Nuvoil operates the first processing plant of natural gas coming from Ixachi field in Veracruz Planta Perdiz (Perdiz Plant), which is designed, built and operated by Nuvoil, processes the gas coming from Ixachi, considered as the terrestrial field with more gas resources in Mexico.

So is Coastal current 100% subsidiary company, Coastoil Dynamic SA De CV (“CD”) or Nuvoil designed, built and operated this gas processing plant?

On 30 December 2021, the Joint Venture was completed as all the conditions precedents stipulated in the Transaction Documents have been fulfilled. The Company is in the progress of selling its 50% equity interests in the JVC to Alfair ("Shares Sale"), which would be delayed to second half of FY2023.

Is JV partner Alfair facing problems to complete the 50% equity acquisition conditions? Is JV real?

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > May 12, 2023 9:58 PM | Report Abuse

Q1 2022 EPS 26.77 sen
Q2 2022 EPS 26.37 sen
1H 2022 EPS 53.14 sen
Projected EPS for year 2022 = 53.14 x 2 = 106 sen

This company has turned around convincingly by entering into new businesses in Brazil.

Given its very high earnings the last 2 quarters and this is probably sustainable, at RM 2.28 per share the company is available at a very good price indeed

This weekend will read the Petronm 2022 Annual report and prepare questions for the coming Petronm AGM.

My counting chicken before they hatch
Q1 net profit > RM 100m

Post removed.Why?