Valueguru has suggested that investors write to Local HY Corporate to demand answers for the poor Q1 result. I say let's write to HY HQ in Shandong and asks that they look into the following: 1. Why the huge surprise hedging loss again in Q1 22. HY Malaysia has from time to time incur huge hedging losses. It is time to look into this and stop this once for all. All hedging should be conducted by a bigger entity, like HY HQ. HY Malaysia should just focus on what they do best and that is refinery work and their aim is to provide shareholder value and not involve themselves in bets. 2. Huge share price fluctuation followed by huge disappointment in the Q1 result gives the IMPRESSION that somebody in HY is working with outside operators to manipulate price to the detriment of innocent hardworking retail investors. This is against the "Shared Prosperity" principles. Of course it is difficult to prove this criminal activity. But PERCEPTION is very important especially given how well Western Media has painted Chinese owned companies - as not transparent and untrustworthy. HY HQ will do well to remind their Chinese representatives in HY Malaysia (and other Chinese owned companies) that they have even a higher fiduciary standard to perform to. 3. HY HQ should send independent auditors to ascertain why HY quarterly results have been so inconsistent. Compare, for example, with a similar refinery Petron. Petron's quarterly results are far more consistent and predictable and they have been providing dividends to their shareholders, not HY.
Stock: [HENGYUAN]: HENGYUAN REFINING COMPANY BERHAD
2022-05-31 13:05 | Report Abuse
Valueguru has suggested that investors write to Local HY Corporate to demand answers for the poor Q1 result. I say let's write to HY HQ in Shandong and asks that they look into the following: 1. Why the huge surprise hedging loss again in Q1 22. HY Malaysia has from time to time incur huge hedging losses. It is time to look into this and stop this once for all. All hedging should be conducted by a bigger entity, like HY HQ. HY Malaysia should just focus on what they do best and that is refinery work and their aim is to provide shareholder value and not involve themselves in bets. 2. Huge share price fluctuation followed by huge disappointment in the Q1 result gives the IMPRESSION that somebody in HY is working with outside operators to manipulate price to the detriment of innocent hardworking retail investors. This is against the "Shared Prosperity" principles. Of course it is difficult to prove this criminal activity. But PERCEPTION is very important especially given how well Western Media has painted Chinese owned companies - as not transparent and untrustworthy. HY HQ will do well to remind their Chinese representatives in HY Malaysia (and other Chinese owned companies) that they have even a higher fiduciary standard to perform to. 3. HY HQ should send independent auditors to ascertain why HY quarterly results have been so inconsistent. Compare, for example, with a similar refinery Petron. Petron's quarterly results are far more consistent and predictable and they have been providing dividends to their shareholders, not HY.