While I research on D&O, I also notice JHM is projected to have some good growth this year 2023. Seems like the worst is over. Good luck for those who still keep this stock.

Its manufacturing division/expansion finally delivered good results in previous quarter. Hope it continues for the rest of the year

overcapacity and low selling price are tricky. It may take 10 years to reverse the trend, e.g the shipping freight rate.

why suddenly up? Any news?

overcapacity and low selling price are tricky. It may take 10 years to reverse the trend, e.g the shipping freight rate.

Previous low is around 33 sen. Let us see if it will drop below that or not.

Very fierce selling. Are we able to see share price below 40 sen again?

It is interesting to find out analysts project POS to be profitable either next year or in 2024. It is possible that we have seen the worst of POS. Technically, share price looks good. Some investors must be accumulating. Good luck!

What happened to Mogas 92 crack spread? It was over U$30 previously. Sorry but I did not follow HY forum everyday

Will it drop again or not? Scary like Jadem, SMi etc...

possible have to sell on news

Hengyuan was up a lot last week before QR
Expectation is very high
Share price is not as strong as a few years ago
I suspect the funds that push its share price last week would sell on news after QR

Please refer to the analyst report:
https://klse.i3investor.com/web/blog/detail/rakuten/2022-04-18-story-h1621575709-Cengild_Medical_Bhd_A_Very_Specialised_Medical_Centre

69.39% of the money they get from IPO is used for expansion.

probably have to sell on news

report out, so sell on news

I think some investors stay at the side lines because they look at the share price and wonder "if all this analysis is true, why the share price is selling at RM5 only"

Please let me know why it is a good idea to keep HY now. I thought the crack spread already collapsed? Did I miss any important info?

Interesting company. Growth stock. Just wait for 2 years. Good luck!

I think automation related counters may worth a look.

https://www.isaham.my/sector/automation

I think automation related counters may worth a look.

https://www.isaham.my/sector/automation

hmmm.. is today automation day? Looks like most automation related counters are up

the big funds most likely do not like what they hear from management. Oversupply issue. How severe and how long?

no need to ask who sell... big big fund, who else?

The stock would fall under its own weight. You need money to push its share price. Talking has ZERO effect to the share price

Do not buy too soon. Oversupply issue is real. Glove companies may start to making losses and we do not know how long it will last. If I am not mistaken, shipping industry had oversupply issue and it lasted more than 10 years. Look at their charts.

Next Federal Reserve meeting :
July 26-27

Hopefully some people were able to sell high these few days. Let's see if share price would drop to RM2.7x or RM2.5x level

what is the news? Why up today? Good for EPF to get a better price

I guess its share price may go up in the first minute tomorrow, then it drops later. Let's see...

bonus issue is usually the poison that ends an uptrend. Hope I am wrong in this case

klee, do you know any groups discussing about put?

today is maybe a good day to sell... longer term is still bearish for most stocks. No idea where the bottom is.

To me, any rebound is a sell...

the whole world is down.... Will we see RM2-RM3 first???? If HY drops RM1 one day I will not be surprised.

federal reserve meeting 2 nights in a row starting tonight. Let's see how...

I will sell now (at least partially) and buy back later. Same with Petron

Most likely HY will experience another bad day on next Monday, dragging Petron down together.

Possible below RM5??? It is unlikely but I do hope it happens...

I think it is the best interest of investors to hear both side of arguments to make their own decision. Besides, what we think is not important. It is what the big funds think. The price action will let us know. If the big funds buy, we buy. If the big funds sell, we sell.

QR of these 2 years are going to be good, hope it delivers.

I am able to read the 2 analyst reports below, the annual report and also the latest QR report.

Here is the summary:
We remain optimistic on Guan Chong’s medium-to-longer term outlook with its future growth underpinned by:
i) EBITDA yield improvement as freight rates gradually ease;
ii) recovery in cocoa butter ASP to be bolstered by demand revival for upmarket chocolates; and
iii) overseas expansion plan.

Guan Chong - Solid Margin Recovery Amid Growing Demand
https://klse.i3investor.com/web/blog/detail/rhbinvest/2022-05-31-story-h1624138662-Guan_Chong_Solid_Margin_Recovery_Amid_Growing_Demand

Guan Chong - An affordable luxury
https://klse.i3investor.com/web/blog/detail/AmInvestResearch/2022-05-31-story-h1624138723-Guan_Chong_An_affordable_luxury

Does anyone know the highest crack spread a few years ago when HY was close to RM20?

I did some research during the weekend. Looks like they will get the benefit of their expansion starting next year. Possible its share price will move now. Good luck!

It will not surprise me if KYY has taken position in Petron. I mean... both counters should do well. I think you can have both instead of choosing one only

How should we interpret the info below?

Forward priced commodity contracts 121,752 50,092 -
Commodity swap contracts 306,148 65,784 (25,725)
Commodity options contracts 7,647 - (200,034)
Refining margin swap contracts 291,009 45,186 (339,510)

They are not small amount. Does it mean it will have huge derivative loss again next quarter?

looks like tomorrow morning is going to be ugly...

Sanatan, its share price is not yet below pre-pandemic level while some other glove stocks are below pre-pandemic level. If I were you I would be prudent and sell now because we do not know how many loss-making quarters we are going to see. Besides, those below pre-pandemic level are better value, in my opinion.

difficult for me to trust the projection given at i3 forum

seems to be well supported for now...

I suggest we wait another year to see the impact of overcapacity. We should invest, not gamble. Remember, "no price is too low for a bear or too high for a bull"