last time he says it's a predictable business... why now not easy to predict???

http://www.cmegroup.com/trading/energy/refined-products/singapore-mogas-92-unleaded-platts-brent-crack-spread-swap-futures.html

6.9 to 6.6.... be mindful...

raider u can come out now... should be safe now. ... line clear line clear!!!!

he made a mistake, he wants all of us to cover his mistake. WHEN he gets the money, he donates the money, the merits is his. This is his way, his life. At this age, money does not matter, fate in next life is.... but he is doing it the wrong way. OTB, wanna talk about karma to your good fren? Waiting....

today 4 4, sure die la... tmrw hold strong

Below 6.70 lor... 6.30 tmrw also can touch... no need wait long long... 5.95!!!

They selling kuku spare parts at tukang besi shops... can grab one first on standby...

When KYY buy, price go up, faster get out.... when KYY promote, pric3 go up, faster faster sell.... u never know he will sell faster than u... Sendai & Jaks prospect is "atas angin" & investment in risk countries... anything can happen... Play safe broa....

5.95 coming

Minus monster -730 pts!!

DJIA down - 685!!!! watch out watch out...

Near expiry CW issuer pressing down mother share.... the more they press, the more chance to get water liu liu prices..... tmrw 0.95 confirm, the better...

China fund managers must be sitting on huge pile of losses!!!

last week raider at Pudu UTC renew passport to go Nepal for meditation retreat. Now many pudu uncle auntie bot at 8.2x tampal poster looking for him high low!!! Mana lu?? Your holding 12.xx to current 7.5x sudah 40% drop!!

China funds not buying already meh? Buy rate so low...

Receivables already recognised as revenue. Now is to turn receivables into cash!! If not, provision of impairment/ doubtful debt will kicks in... then one way street....

that is provided the RI is fully subscribed... else only one way street...

Be mindful that low PE can easily become high PE when result turns to worse.... it is crucial to evaluate if HY can maintain its income esp for 2017 when there is record EPS in 3Q n no loss at least for 1 quarter in a year due to shutdown...

careful of all cw...
example: CH now 0.29 translate to premium 31%!!
CH has always consistently been 10% premium....
If CH is on 10%, price should be 0.14!!! 0.29 to 0.14 is a landslide.... not forgetting as time shortens, it will get closer to zero. So fikir fikirkan lah...

http://www.dstockmarket.com/technical-analysis-of-hengyuan.html

March 12 2018 Monday

It has been quite a long time since I wrote on Hengyuan. Other than one time I posted a chart in my Telegram Group, I have not been able to update this page for you. I know many people have an interest in Hengyuan as it is one of the most popular stock in Malaysia. 

However, as I trade mainly US stocks, I do not have the luxury of time to visit Hengyuan everyday. Also I do this to help fellow Malaysian traders and investors to have a look at Hengyuan from a technical point of view. In the end you need to make your own decisions as nobody will really care deeply about your investments or trades but you yourself.

The chart above shows the 60 min chart of Hengyuan. In the past analysis I was expecting a 60 min ascending triangle breakout. But as you can see, there was no follow through at all to the pattern.

The stock did not even break above the highs of the pattern therefore in reality there was not setup at all. An experienced trader would not have initiated any position unless the stock breaks decisively above the highs of the pattern.

Instead of breaking higher, the stock gap down. There is a lot of bearish sentiment when a stock gaps down as a lot of people would have a big overnight loss. Therefore, the stock started to sell off and had its own 60 min downtrend.

Furthermore, the fact that big investors such as Koon Yew Yin does not hold a substantial amount of shares anymore has made a lot of people question the future of this stock. It is like Warren Buffett no longer interested in a stock anymore. Therefore, this reason coupled with bearish technicals help to send the stock lower.

At this moment, the stock is still in a downtrend in the 60 min chart and trading below the 60 min 50 MA and therefore it is advisable not to play this stock till the downtrend ends.

The chart above shows the daily chart of Hengyuan. As you can see, the stock not only gap down below the daily 20 MA and 50 MA. In fact it gap down below an uptrend line and this was extremely bearish. At this moment, the stock is hovering at price support and also at the rising 200 MA.

This help to keep the stock from dropping further. I actually got a question from one of my group members whether it is time to buy Hengyuan now when it is at this area. Well, if you are a trend follower, you will know that the nice uptrend in this stock is over. 

The buy and hold and ride the trend up for this stock is over. Period.

If you are wondering what trend trading or trend following is, check out the guide below and you will have a deeper understanding of why Hengyuan top out and why it is no longer suitable as a trend following stock.

This stock is now a trader's world where they can buy the bounces and sell the rallies. I'm not sure if you can short Hengyuan or not but most local brokers will be able to advise you on that matter.

If you really want to see Hengyuan start a new uptrend again, you will have to see it break above the blue downtrend line I have drawn. Until then be cautious on this stock and think twice about bottom fishing this stock.

Hope this help...

Happy investing and trading!

<<5/03/2018 19:27 Darth Now. This company got no money to run their projects. 
Don't want bank borrowing. 
Let them Die!05/03/2018 19:28>>

Their project margin is too low already...cannot sustain. Pump so much but profit so little. Worst still, money pump cannot get back timely. That's scary when running projects which needs money to roll... even if they get huge projects like ECER or subworks on Bandar malaysia or airports, do they have ready money to use? PN17 nanti... better manage risk vs reward carefully.

<< chinvest17 Sold all this fundamentally poor stock at 7.5 sen, losing 49.75%. 
Then use the proceeds to buy HengYuan at RM10.62 

Thanks the directors and IB for the proposed crazy Rights issue at 2.5 sen per rights share for my additional losses. 
(Without proposed rights issue, mother price should be like 9.5 or 10 sen now. Would not have gone down to 7.5 sen) 
These people know very well, the lower the rights issue price, the more the mother share price will go down.>>

Once dilution, more shares in market, wanna go up also susah..
Personal opinion, HY not right time to buy. It was months back. It's now on downtrend. Too high expectation, too many disappointment. Anyway good luck n hope I'm wrong...

There is a time where I vividly remember vivocom terminated a project with crcc (if not mistaken) due to conditions not fulfilled. Sure anot..or company is unable to carry out project due to short of funds? Maybe Mr Yeoh left because of to safeguard his reputation....

Milestone revenue recognition n it's expected payments on PUC. If compare 4Q17 vs 4Q16, hardly changed. It's either old debt yet to settle which we can judge based on revenue recognised for the year/qtr. It's non-govt projects... don't think govt Prima homes project has issues on payments, which is secured. So no money, no funding , on hand project still have to jalan, workers have to cari makan. Wonder really hard IF the real reason they are not getting loans is because it's cheaper via PP or rights....or rather that no banks willing to give loan to them due to company's ratings in Moody's or s&p!!! Rights creates shares solutions... currently too many shares issued, how about the coming one?? Haizzz...

Company cash limited. Receivables still at all time high. Recognised revenue but hutang for projects unable to collect. Careful for impairments. Company keep raising PP n rights another way to raise money!! coz no money!!! Haizzz... Company better with govt projects....but low margin. Hope company can be better but investor must be aware of risk n it's rewards moving forward...

EPF buying more today!!

ppl are buying on potential n growth.... eventually dividend will come into place.

4Q17 results---> 1 month + more to go!!! Immediate target ---> Petdag!!!! It's coming...

4Q17 good for both Petronm n HY.... less than 2 months to go!!! Hold on tight!!!

Today no cheap throw ah.... i already standby to buy..... whole day the bayang bayang also cannot see... waste my time!!!! Today strong buyers at closing!! Tomorrow open sure fly to the moon!!!

This time it will hit all time high with last big consolidation n correction..... the bigger it is, the higher it will go!!!

So today overbought or not?

That day drop RM 1.66, now THROW back RM 1.66 to your face!!!!!!

I want RM 8!!!!!

really no tickets!!! No one want to sell cheap!!!

why why why up so fast!!! Tot can buy more!!!! Now we know who is telling the truth, who is lying!!! Results says it all.....go go go...

If rm8, I will be laughing all the way even before reaching the bank!!! But having say that, pls do.... I am waiting Mr market to grant many wishes!!! Pls don't go up tues.... build bigger n longer base...

Whenever u climb a steep hill, there are intervals of larger "step base" for one to take a breather n then climb even further!!! It works the same here....

FYI - the reversal of huge impairment shall happen when HRC announce its 3Q18 results to mitigate maintenance shutdown & upgrade effect!!! This supports the successful completion upgrade of its refineries!!! Impact FY2018 shall be very minimal..... together with the continuous extensive build up of its inventory!!!

FYI - the reversal of huge impairment shall happen when HRC announce its 3Q18 results to mitigate maintenance shutdown & upgrade effect!!! This supports the successful completion upgrade of its refineries!!! Impact FY2018 shall be very minimal..... together with the continuous extensive build up of its inventory!!!

dun buy Tues....i will buy first.... if down somemore, I'll buy somemore.... the longer it goes down n consolidate n build base, the higher it will go further.... time will tell everything...

GPS n compass not working!!!!

Welcome to unchartered land; I.e. no man's land!!! Unfederal territory....

Uncharted territory - GPS also cannot detect it's peak.... go go go....

We are now in uncharted territory!!! Petron chase HY, HY must run faster!!!

confirm up at opening.... buyer so strong at yesterday closing.... haven collected enough!!!

2017 Santa Rally - stocks in midst of strongest 7-days period since 1950!!!

"Meanwhile, Hengyuan Refining will actively seek commercial opportunities to open up other markets in South East area apart from supplying to its local partner Shell."

- look like HY doesn't wanna be a Jaguh Kampung!!! And win other than Malaysia Open!!! and maybe China Masters!!!

Power up power up!! Very-Power!!!

HRC 52w high 14.72 52w low 2.02.... all in one year.... all in its first year of operations!!! It says everything... slowly n inching up - this is the value market has given.....and will accord furthet it's value via its performance n results...
It's all ok for those done homework, else just play the waiting n seeing game lor....