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This is what I mean by u have to understand the accounting entries ..not what the licker says

Unrealised lossed at q2 can also be turn into purchases account in Q3, as these can be forward transactions ....u don't see any derivative losses but the losses are in the purchases account

Timing differences is more than just stocking....it is how physical stocks are ordered delivered and used as opposed to oil price charts.

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Q3 cost of manufacturing is higher than q2 cost of manufacturing is not beyond my expectations due to delays and timing differences between oil prices and how they get reflected in cost of manufacturing

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IB do not cover these companies because they don't understand and do not want to be embarrassed...................................................they took the correct approach and correct attitude.

why u say this hengyuan is chinaman but don't say Petron is filipino man? so racist.

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Posted by Sslee > 30 minutes ago | Report Abuse

If you don't understand and don't ask questions then how you going to understand?

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too many hedging transactions, and also those crack spreads are not the primary sources of their transactions.

the whole episode is just because u use the so call crack spread without understanding how the crack spread relates to the company, how timing differennces are reflected in the accounts, how they do accounting entries for hedging and forward transactions.

Profit estimations are deceptively simple using those crack spread data but what actually gets reflected in the accounts is very complicated. ...and what happened is that your profit forecasts are way way off the mark.

the whole episode is just because u use the so call crack spread without understanding how the crack spread relates to the company, how timing differennces are reflected in the accounts, how they do accounting entries for hedging and forward transactions.

Profit estimations are deceptively simple using those crack spread data but what actually gets reflected in the accounts is very complicated. ...and what happened is that your profit forecasts are way way off the mark.

want to eat salted fish must be able to tolerate the thirst.

q2 results were exceptionally profitable, at least at above the line level, is also partly a result of timing differences between rising oil prices and getting it reflected in revenue accounts as opposed to cost of manufacturing.

q2 results were exceptionally profitable, at least at above the line level, is also partly a result of timing differences between rising oil prices and getting it reflected in revenue accounts as opposed to cost of manufacturing.

there is no evidence of criminal activities in hengyuan.

don't understand and wrong, just admit u don't understand.

there is no evidence of criminal activities in hengyuan.

don't understand and wrong, just admit u don't understand.

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Tan and gang really need tanjong rambutan better still a jail term

So ular how?

Can never satisfy the ang mohs

Most rich men become rich investing in their own company

How much wealth a person can accumulate in his life does not depend on how much money he can earn, but on how he invests and manages money.
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Not everyone want to invest in other people company....or should they

not preparing for xmas turkey, preparing for big CNY angpow.

Don't play wall Street play China HK....see Chun chun and wag the fella

Angmoh so predictable so shallow and so clearly wrong.... opportunity to make money again.

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https://www.youtube.com/watch?v=xC-tIM4IdSg

the job of western media is to attack China. .all the time.

https://www.youtube.com/watch?v=jMUYjDltjqk

No turkey the best meat is pork and duck

Make xu rich customer poor

Buy with long term view money come immediately....buy with short term view lose money

Look longer faster money come....always like that.

Actually Dec rally not common, more common is Jan and Chinese new year rally....China got government help u make money... US fed help u to lose money

Xinte also green...buy xinte more than KFC....I think I add xinte today

Turkey as nice as duck meh?

No more camping bad for stock market meh?

Better have Beijing duck for x mas

Why turkey for X mas? Turkey nice meh??

Important not the start but the end

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malaysia only doing catch up.

asia century.................we are part of south east asia, and the region has seen improvements in last 20 years, malaysia also get lucky.