sikit bulan lagi 60%, 80%, 100% happy ending

yang penting sudah 40%

when i started buying HY in 2018 at rm6, i think it was expensive, so when hit 6.50 i sell

after few months later, i only aware rm6.50 was very cheap to sell bcoz it went until rm20

buy and hold, one off gain HBI plant disposal yet to include in ths qtr

cash rich 200m

sell sell so others can buy cheaper

tomorrow will break 60c

goreng vol coming, rocket engine has started

history will repeat itself.... the only different is, we buy earlier than uncle, lol

profit go go go

laugh and smile now see profit

steveninvest - you must scold your sifu asked to sell, your sifu must learn from hengyuan sifu here that still holding
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your sifu sell call was too early, the resistance will break soon and later those selling have to decide to buy back or not once resistance is broken

then you continue waiting it to go lower near support but if it not happen, have to buy back at higher or watch with regret

ave .31, pls go higher

all in and hold till next year for >100% gain ; )
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SuperPanda all in now
- nett cash bigger than market cap
- 600m one off gain from disposal of HBI plant in Labuan
- coming report will back to profit bigger than masteel
23/11/2020 7:06 PM

wow superb result, 7.4m @ eps 2.06 for a stock value at 26c !

next mon sure min 10% gap up, maybe limit up, profit coming laii
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SuperPanda i sold gloves and buy lioind and melewar, sounds weird but that really what i just did

100% profit coming soon !
23/11/2020 7:08 PM

@steven, already said oil price and market surely volatile. it will retrace but the trend is up

tell your sifu to follow the trend, volume on fri was 10m means many collect compare to prev trade, retracement is good to move higher as long as not breaking new support

if already profit, just let the profit grow, it it drop back set your stop limit price to lock profit but HY still at bottom have so much space to go up

your sifu sell call was too early, the resistance will break soon and later those selling have to decide to buy back or not once resistance is broken

then you continue waiting it to go lower near support but if it not happen, have to buy back at higher or watch with regret

already sold or not yet buy? he he, btw tomorrow is sat
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steveninvest I already said resistance line is at 3.95. If cannot cross it today, guess what will happen to share price tomorrow.

whoever bought before qtr and yet to sell, you are on the ship now sailing to the sky

Always remember this quote “TRADE WHAT YOU SEE, NOT WHAT YOU THINK”

the chart never lies but the thought can be misleading

you better put some money while its still rm4 before operator goreng till rm5, 6 and so on

if you still worry, just buy 1 lot to see if it work or not and even if you were wrong, you will not lose much

sslee if you still reading the book to trade, you will not make a lot of money

bursa is full of casino owner and gambler, Fintec and its goreng subsidiaries all goreng up till hundreds of %, where is the fundamental?

some penny trader at ATS bought 8c, now 21c, >100%, what is on the balance sheet?

i can write on this for whole week and still not finish, pleae dont waste your precise time digging on FA and business news, it doesnt help

soon operator will come to goreng and article will resurface “hengyuan is the most underrated refinery stock”

teach you how to “trade what you see” based on latest chart

petdag is on uptrend from rm17 to 22
petron is on uptrend from rm3 to 4
hengyuan is on uptrend from rm2.6 to 3.5

the chart will be volatile due to oil price and market change but as long as the trend is above support, this is where you should buy and hold

cheers

for 15 yrs of trading, reading articles, news and spend so much time in forum wont help you make money in trading

“trade what you see” and “follow the trend” is the best method

for the past 6 mths, hundreds and thousands of news mentioned abt market crash, it was not happened and stock has rallied 300-400%

management doing a very good job in hedging inventory when oil price low and earn from forex

well done

Hengyuan’s 3Q net profit triples on higher oil prices
theedgemarkets.com

November 26, 2020 21:57 pm

KUALA LUMPUR (Nov 26): Hengyuan Refining Company Bhd’s third quarter net profit tripled to RM154.91 million or 51.64 sen per share, from RM48.67 million or 16.22 sen per share in the preceding quarter, on higher average prices of oil products.

“The positive combination of stockholding gains and support from oil margin swaps for the current period resulted in a comparatively higher gross margin and net profit against the previous quarter,” the group added in a filing with Bursa Malaysia.

Revenue for the third quarter ended Sept 30, 2020 increased 30.84% quarter-on-quarter to RM1.59 billion, from RM1.21billion.

Hengyuan’s third quarter net profit is all the more impressive, when compared with the quarterly net loss of RM11.43 million reported a year earlier.

Revenue, meanwhile, was just half of the RM3.23 billion reported for the year-ago third quarter.

For the cumulative nine-month period ended Sept 30, Hengyuan’s net profit jumped by a whopping 492.24% to RM79.46 million, from RM13.42 million for the same period last year. Revenue, however, was down 43.62% to RM5.35 billion from RM9.49 billion.

The group said the lower quarterly and nine-month revenue was due to a decline of 35% and 33% respectively, in the price of oil products.

The sales volume of 7.7 million barrels in the third quarter and 25.4 barrels in the nine months was lower than the 10.7 million barrels and 31.5 million barrels in the comparative periods, due to a drop in local demand for oil products, following the implementation of the Movement Control Order since mid-March.

The group, however, recorded stockholding gains as it realised sales of inventories that were accumulated during the second quarter when crude prices were low, which helped to lift its profitability.

“The positive effects of margin and commodity hedges further helped uplift the gross oil margins, which the company has put in place as part of its risk management measures, it added.

The group also said a net forex gain of RM36.5 million was recognised in the third quarter, as the ringgit strengthened from RM4.28 to RM4.15 against the US dollar.

“Tax effects for the current quarter and cumulative period includes the utilisation of reinvestment allowance and recognition of deferred tax asset on tax losses previously not recognised,” it added.

On prospects, Hengyuan said the global oil market largely depends on the recovery of global economies, as lockdowns have been renewed across many countries globally.

“While the challenges around the oil industry remain unabated, the company will continue to focus on operational efficiency, safety performance, product quality, hydrocarbon hedging and financial risk management in optimising the company’s performance,” it added.

Shares of Hengyuan closed one sen or 0.29% lower at RM3.47 today, valuing the group at RM1.04 billion. Year-to-date, the counter has fallen by 18% from RM4.21 on Jan 2.

gloves counter with big profit drop bcoz already rally too high before the big profit is seen, so when rpt release those sit on big profit sell on strenght

hengyuan is at bottom now, compare to petronm dan petdag, its very undervalue

at least should match with petron or slightly higher

tomorrow if drop, i believe many want to buy cheaper and hold hoping history to repeat

those already on board can now sit back and relax watch show for the next 6 mths

superb result, 154m profit !

hope the result wont let us down, suppose will be higher than petronm

no need div few cents if can get capital gain few ringgits

i sold gloves and buy lioind and melewar, sounds weird but that really what i just did

100% profit coming soon !

all in now
- nett cash bigger than market cap
- 600m one off gain from disposal of HBI plant in Labuan
- coming report will back to profit bigger than masteel

The hengyuan kingdom will rise again. Prepare all the army to battlefield and shout BUY ! BUY ! This time we will win big.

ready to jump in and fly?

uncle bought rm3 then profit surge and market chase for rally runs over one year

will history will repeat itself?

no one knows but i already have the ticket for rm3, if i dont have ticket now and it goes up later, will curse myself for being an ignorance

still a weak year for o&g, services will continue to suffer losses, for drillers will stay profitable but within expectation range

covid will be at least stay another year, buy at low and sell at high might be one method while waiting covid to disappear, a long journey game though

very scary if you buy at top, now still deep down bottom, if kena goreng till 5.0 i made 20k already

once the profit is visible and seen to be sustainable, your holding should change from short term to mid/long term already

after buy hold tight and wait for big profit if you can patient enough, every next coming qtr will meet uncle golden stock selection rule (just borrow to mock him)

market is a cycle, the downtrend cycle has end and now come the uptrend

in 3-6 mths when covid getting lesser (evey flu has its cycle too), crack spread margin improve and the good old days will come

“hengyuan is the most underrated refinery player”

all in 3.12~3.16

next year wait 100% gain

thinking to buy some tomorrow to become hibscs member

coming back to meet old fren here

ave 2.81, lucky entry if continue uptrend,

wow my profit continue grow as expected.. now laughing see profit, thats why dont listen to ignorance

‘dead cat bounce’ still dare to comment here and say profit somewhere else.. normal and wise person will delete comment then change new nickname to avoid shame on face

cheers to all iqgroup holder, if next qtr continue profit, see u at rm2

ini 10 sen pnya kaunter lu beli sbb murah kan?? lu mau kaya cepat beli 10 sen jadi 20 sen, beli 20 sen jadi 40 sen, blakang boleh cakap wah ini bursa manyak senang bikin untung

lu cari itu mesin kira, kasi kira lagi 2 suku punya repot, lu rasa ini kaunter pnya gloves pnya untung sudah keluar ke blum?

itu sama punya mesin kira, lu kira itu abg besar dgn abg kecik punya gloves, lagi 2 suku brpa untung? itu pe boleh jadi 1 digit tau !!

tapi lu tk pyh kira la sbb lu mau kaya cepat mah.. beli murah jual mahal... ada butui juga, tapi kalau lu beli 20 sen, nnt itu olang kasi dump 10sen, lu sudah lugi 50% wooo... sendiri mau ingat la..

itu kilang serupa warehouse mau bikin medical gloves?? signboard depan kasi tuka dulu la, macam kilang mi hun punya signboard

ini goreng punya kaunter, sapa cepat masuk mesti untung manyak, sapa last masuk mesti lugi banyak

sell, sell, i wanna buy lower