but quarter 2 have minor maintenance, I think if there is capital expenditure, then if may lower the tax in quarter 4

I work as accountant.... this coming quarter confirm have tax , but only part of the profit will be tax.... because there is having re reinvestment allowance haven't ultilize some

they want you panic and follow sell down.... so that they can press the warrant price down

hengyuan won't go back 14.5 or 16.30... why.... because most of the share in investment bank's hand, they are the one trigger sell down on 29 Dec

Tax losses carried forward 267,730
Unabsorbed reinvestment allowance 495,177

Minus 3 quarter profit left 37,239 like that is tax free

someone want hengyuan down so can buy at lower, someone want hengyuan up so can sell higher...

they are fighting now......

they just goreng only

agree 80% r stupid fellow... haha

everyone scared to buy more

people are goreng other stock..... hengyuan market spoil by TA already.... lol

refinering margin should move together with crude oil price

buy some if your cost is lower.... let push together

how to put the related stock at the end of article?

David, how you label hengyuan in your article?

big shark pressing hengyuan down for accumulated the stock? or party is over?

People are goreng SAPURA can't u see ? all fund move in, at the end all run .... u guy should take profit soon..... oil price up, does mean sapura will earn move....it just there will be a little hope to turnaround in next Quarter.......for me, I don't think sapura can do it, it is all about Management abilities....

still washing weaker out.........hahaha

No....haven't ready.....wait for tomorrow

one thing is the most important, whether HRC can maintain it refined petrol's volume, if can....sure EPS above RM 1.30

haha......faster sell.......

https://klse.i3investor.com/blogs/HengYuan_Q4EPS/143396.jsp

Read my article

faster sell, tmr cannot sell already..........

well, keeping buying...a big drop is ahead.....sapura need time to improve their profitability

anyone work in hengyuan ?haha

come ..... sell sell sell

Permaisuri, shell is shell, hengyuan acquisition shell malaysia only....lol.... I think you did know how to read quarter report, Heng yuan do not have any share of association P/L , hence, Heng yuan isn't link with sapura..

Let me remind you, why mahathir son sell sapura ???

don't keep dreaming Sapura will come back, this coming quarter report is making loss..... keep dreaming ...haha

sell ah sell you weaker.... want sell then sell now oh

it can be the benchmark .... but it doesn't reflect the current refinering margin in Malaysia

hence.... Hengyuan margin is depending the contract with shell... that's all.... mogas crack spread 92 totally misleading all of you.....

Pjsoew is totally wrong.... Hrc supply the refinering product to shell malaysia, it disclose in Annual report 2016....5 year contract bro....

lai.... tmr sell all of your share....

wait for it.....money just flow to other counter this few days, soon will come back....and the price will break 19.2

Hengyuan cannot already...come sell it to me ....

how to label a stock at the end of article ah?

Exxon mobile (refinering company PE 2X.xx , hengyuan PE 5.x and peoples said it is high.... what the fuck in your brain.... im laughing...

don't fly please.... so many people want to collect more... let the price stable first

rush too fast my heart cannot tahan.....haha

if rush too fast, big resistance level at RM 19......better slowly slowly up

now hengyuan stable already.... nice

typical China manipulator.... let you all think the trend is over..... they will goreng once good news come out... now just be ready for another fly

tmr sell down worry what? hahahaha.... remember next week will up

MARGIN AND FINANCIAL
PERFORMANCE

In the year under review, our Company
posted a profit of RM335 million which
is close to the RM352 million profit
recorded in 2015. Even though refining
margins were volatile during the year,
the CCS (current cost of stocks) margins for the full year averaged
at USD4.06 per barrel whilst FIFO (first in first out) margins were
USD5.46 per barrel (2015 CCS USD7.00, FIFO USD6.07) due to
the gradual recovery of crude and product prices during the year.
Further analysis of the financial performance follows below.



and now crude oil price are uptrending, I believe soon the crack spread will shoot up.

can wait and buy hengyuan at lower.

Refining Margin (FIFO) (USD/bbl) 5.46 (2016) 6.07 (2015)

2017 should be 8 to 9.... and so ??

2016 annual report

The current focus of the management team
is to ensure rigorous HSSE compliance
and further improve operational and
financial reliability in order to capture
good refining margins and assure we
deliver the market specifications for
fuels like Euro 4M Mogas and Euro 5
Gasoil timely. These projects require
further reinvestment of profits in the next
couple of years. Whilst debt to equity
ratio has improved, it is still significant
at 1.4x. With further cash demands to
service the Company’s debt as well as
the aforementioned capital expenditure
to achieve new fuel specifications
compliance, there is a need to ensure the
continued sustainability of the Company.
As such, we regret we are unable to
declare dividends for the year under
review. On an annual basis, the Board
will continue to review the feasibility of
issuing dividends, taking into account
the sustainability and solvency of our
Company.

hrc have their own professional people to suggest whether to hedging their margin... they might not 100%hedging

震厂是为了那一步的拉升…关着眼睛等吧

as I said .... today will be drop further ...庄家震仓

that guy so funny