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Stock

2 days ago | Report Abuse

@ular, does that mean naysayers are beginning to show signs of panicking?

Posted by UlarSawa > Oct 2, 2022 5:22 PM | Report Abuse

Only one thing ular dont like is when someone question the referee is unfair one lah. Haiyoh. Correct?

Stock

3 weeks ago | Report Abuse

Email address : HRCPD-Corporate-Affairs@hrc.com.my

........

Dear Chairman and Board of Directors,

I am an investor of Hengyuan, I have xxx shares in my trading account.

Please help to get your accountant and lawyer to trace and take legal action on a person with the id: stockraider on i3 website below:

https://klse1.i3investor.com/servlets/cube/stockraider.jsp

he had been making serious allegation and spreading lies with malicious intention, e.g below:

Posted by stockraider > Sep 11, 2022 3:50 PM | Report Abuse

Ini Info baru mah!

Lu tau boh ?

ACCORDING RAIDER SIFU SENIOR ANALYST & CONFIRMED BY 009 INVESTIGATION TEAM, THEY HAVE INFO TO SUSPECT , THAT THE COUNTER PARTY IS A PRIVATE CHINESE PARTY OPERATING IN SPORE WHO HAVE A VERY CLOSE RELATIONSHIP WITH THE HENGYUAN CHINA OWNER LOH!


Thank you.

Yours Sincerely,
Your name.

.....

Stock
Stock

1 month ago | Report Abuse

open your mind and understand HY business lah!

Posted by Income > Sep 4, 2022 4:16 PM | Report Abuse

You cakap banyak and acting like sangat panlai.

I tell you lah. AirAsia or now is Capital A, almost always make aviation oil hedging and also lose millions because of huge losses in aviation oil hedging (is one of AIrAsia contributing factors for its huge losses) . True case studies. Proven to you why hedging also can cause huge losses lah. Open your mind lah.

Stock

1 month ago | Report Abuse

this is one sided hedging, where Capital A cannot hedge their ticket pricing along with fuel pricing

refinery hedge both refined products along with feed crude

thats how they can secure margin when its very thin

refinery has no business of one sided commodity hedging except for inventory to avoid volatility on earnings due to mark to market changes

Posted by Income > Sep 4, 2022 4:10 PM | Report Abuse

You cakap banyak and acting like sangat panlai.

I tell you lah. AirAsia or now is Capital A, almost always make aviation oil hedging and also lose millions lah. True case studies. Proven to you why hedging also can cause huge losses lah. Open your mind lah.

Stock

1 month ago | Report Abuse

thank you

Posted by probability > Sep 4, 2022 2:51 PM | Report Abuse

prove on the effects of hedging when crack spread drop below hedging level for balance hedged contract is here

Posted by Sslee > Sep 3, 2022 6:17 PM | Report Abuse

If you look into HRC quarterly report.
On 31/12/19. NAPS is RM 6.7045.
Q1 end 31/03/20 EPS negative 41.37 cents but NAPS is now RM 7.4418

Posted by Sslee > Sep 3, 2022 6:32 PM | Report Abuse

You can check what is the mogas92 crack spread on 31/03/2020.
www.tradingview.com/symbols/NYMEX-D1N1%21/

Stock

1 month ago | Report Abuse

China fund buying, because malaysian investors dont understand hedging!

Stock

1 month ago | Report Abuse

this is also what i think so and they have the option to bring it into the profit or loss statement whenever they want till the maturity date

Posted by Sslee > Aug 30, 2022 7:28 PM | Report Abuse

Refining margin swap contracts 226,945 261,065 (1,751,332).

My take on this refining margin swap contracts is HRC book the refining margin swap contracts for long term at maybe USD20/barrel. At 30/06/2022 this spot margin is USD 40/barrel hence this future refining mark to current spot margin will show a huge loss of USD 20/barrel.

So moving forward if Refining margin spot is now USD30/barrel then realised swap contracts loss is USD 10/ barrel but the physical mqrket HRC make USD 30/barrel hence overall still make USD20/barrel.

Moving forward again the Spot Refining margin is now USD10/ barrel. The swap contacts will realised a gain of USD 10/barrel but physical spot only earned USD 10/ barrel hence overall still make USD20/barrel

Stock

1 month ago | Report Abuse

Ok, its because the margin had expanded. This means when the margin reduces later it will even out (become zero). They have time to close the position till end of 2024.

is that right Rabbit2?

Posted by Rabbit2 > Aug 30, 2022 6:45 PM | Report Abuse

Cost of hedging = forward points = basis swap spread
This is the problem when the contracts entered are long tenured > 2 years

Stock

1 month ago | Report Abuse

Europe heading into winter with low storage levels of diesel
8/12/2022
www.hydrocarbonprocessing.com/news/2022/08/europe-heading-into-winter-with-low-storage-levels-of-diesel

The European Union will stop buying all seaborne Russian crude oil from early December and will ban all Russian refined products two months later.

Europe continues to rely heavily on Russia to satisfy its diesel demand, with 60% of Europe's seaborne diesel imports originating from the country in July, according to data from Energy analytics firm Vortexa.

And with no evidence that companies are stockbuilding ahead of sanctions, traders expect Europe to be in for a winter shock.

Stock

2 months ago | Report Abuse

Excellent information. Thanks probability!

Posted by probability > Aug 1, 2022 2:32 PM | Report Abuse

Dear all, kindly copy paste the below link:

SINGAPORE GASOIL

https://www.tradingview.com/symbols/NYMEX-SGB1!/

The difference between above and Brent Crude would give the Crack Spread of Diesel HY will make.

This is inline with the below Crack Spread Chart for Diesel shared earlier:

https://www.tradingview.com/symbols/NYMEX-GZ1!/

Hope this proves MM is not that smart :)

Stock

2 months ago | Report Abuse

Exxon earlier this year more than doubled its projected buyback program to $30 billion through 2022 and 2023. Shell said it would buy back $6 billion in shares in the current quarter, while Chevron boosted its annual buyback plans to a range of $10 billion to $15 billion, up from $5 billion to $10 billion.

News & Blogs

2022-06-26 17:37 | Report Abuse

before senile itself the fellow is a symbol of mutated human without the integrity gene, even his kids dont trust him

at this age, he is as good as garbage with the only use to attract attention since he has money

good to use him and throw like OTB does

Stock

2022-06-19 23:35 | Report Abuse

MRPL has rallied more than 30% in the last week as it is getting benefits from the higher GRMs or gross refining margins which is due to favorable global refining scenario and the company is expected to report healthy earnings in the near term.

The ongoing concerns over the supply of refined products and the switch from costly gas to oil led to a rise in Singapore's complex gross refining margin (GRM) to a multi-year high.

Read more at:
https://economictimes.indiatimes.com/markets/expert-view/how-higher-grms-helped-mrpl-rise-over-30-in-a-week-mohit-nigam-explains/articleshow/92174729.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Stock

2022-06-19 16:35 | Report Abuse

The West must prepare to continue supporting Ukraine in a war lasting for years, Nato's chief has warned.

Secretary-General Jens Stoltenberg said the costs of war were high, but the price of letting Moscow achieve its military goals was even greater.

His comments came as UK Prime Minister Boris Johnson also warned of the need to brace for a longer-term conflict.

Both Mr Stoltenberg and Mr Johnson said sending more weapons would make a victory for Ukraine more likely.

"We must prepare for the fact that it could take years. We must not let up in supporting Ukraine," the Nato chief said in an interview with German newspaper Bild.

"Even if the costs are high, not only for military support, also because of rising energy and food prices."

Stock

2022-06-18 18:02 | Report Abuse

what a low IQ comment

imagine HY price is RM 1 now, would you wait till august results?

why not? because its too cheap compared to its earnings expected going forward right?

same way, even at current price, HY is just bloody too cheap with earnings potential which any engineer with basic knowledge can figure out

what happens if by July share price shot up to RM 6.50, you still want to wait for august?

WTF brains we have here!

Posted by Sslee > Jun 18, 2022 5:29 PM | Report Abuse

You cannot find fault with the below sensible statement by hng33:

Therefore, it is best to wait till end August before hengyuan release Q result and monitor whether crack spread still maintenance elevated level.

If crack spread tumble in july - Aug, despite hengyuan report good result, it share will not perform as market look forward.

Stock

2022-06-18 15:57 | Report Abuse

wow, very long story again

again cant see what is he trying to convey LOL!

really want to buy big on Monday i guess

do you know meaning of facts?

do you know how low crack spread has to drop before EPS per qtr drops below RM 1 per qtr?

Results out all these meaningless story will vaporize



Posted by hng33 > Jun 18, 2022 3:50 PM | Report Abuse

hahaha, no story telling, but is based on factual finding

Stock

2022-06-18 15:46 | Report Abuse

looks like you are more worried than anyone on the news implication

why so much effort to protect investors at current price and not when it was trading at 7

margin of safety is way too good to time entry of such stocks with results barely 2 months away, 1 qtr eps potentially reaching half of its market cap now

spend your story telling effort elsewhere mate , there are way more inflated stocks around

your oil story more applicable with hibiscus not refinery

There is no way EU or US is going to receive refined oil from russia and thats all that matters now for refinery



Posted by hng33 > Jun 18, 2022 3:36 PM | Report Abuse

It is dangerous to chase news, breaking news is always short term nature. The factual is global political leader cannot sustain their local inflation, all effort are put to curb inflation induce by oil. The higher the oil price, the greater policy change to curb oil.

Stock

2022-06-18 15:28 | Report Abuse

"Globally, we expect a shortage of one refinery annually for the next few years.

If we were to include arbitrage crude advantages, which RIL highlighted earlier, margins would be even higher, and 50% above their last peak seen in mid-2008," said Morgan Stanley Research

According to analysts, the global oil and finished products that were already stretched due to the pandemic and later the Russian invasion of Ukraine, could see further tightening once Chinese demand normalises as China unlocks from the pandemic induced lockdown.

Read more at:
https://economictimes.indiatimes.com/industry/energy/oil-gas/ril-margins-at-a-20-year-high-as-asian-benchmark-grms-hit-a-record/articleshow/92045903.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Stock

2022-06-18 15:15 | Report Abuse

This appears way more serious than S-Oil incident.

With economy in China recovering after covid, they may need to start importing refined oil if condition persists

Stock

2022-06-18 15:10 | Report Abuse

Look: Multiple fires as Shanghai chemical plant explodes

https://www.khaleejtimes.com/world/video-multiple-fires-as-shanghai-chemical-plant-explodes

While the lockdown was officially lifted at the beginning of June, the snarling of supply chains and shutting of factories continues to have far-reaching consequences for the global economy.

“The whole area is completely incinerated,” a shocked resident could be heard saying in the background of one video.

Stock

2022-06-18 15:05 | Report Abuse

BREAKING NEWS!

Large Fire Reported At Shanghai Petrochemical CO Today – According to report, a 304,000 bpd refinery is on fire in China in the early hours of Saturday morning. The fire broke out at 4:28am June 17, 2022 at a chemical plant of Sinopec Shanghai Petrochemical Co LTD in Shanghai‘s Jinshan District.

Dozens of emergency were called to the scene after the fire broke out. Evacuations is currently underway at the facility in the the Jinshan District, the fire department reportedly said.

https://snbc13.com/large-fire-reported-at-shanghai-petrochemical-co-today/

https://www.youtube.com/watch?v=3UfattJzvhA

Stock

2022-06-18 13:58 | Report Abuse

after the fire incident at Shanghai Petrochemical plant, S-Oil representing Asian refinery would likely move up further'


https://finance.yahoo.com/chart/010950.KS#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--

Stock

2022-06-18 11:41 | Report Abuse

BREAKING NEWS!

Large Fire Reported At Shanghai Petrochemical CO Today – According to report, a 304,000 bpd refinery is on fire in China in the early hours of Saturday morning. The fire broke out at 4:28am June 17, 2022 at a chemical plant of Sinopec Shanghai Petrochemical Co LTD in Shanghai‘s Jinshan District.

Dozens of emergency were called to the scene after the fire broke out. Evacuations is currently underway at the facility in the the Jinshan District, the fire department reportedly said.

https://snbc13.com/large-fire-reported-at-shanghai-petrochemical-co-today/

https://www.youtube.com/watch?v=3UfattJzvhA

Stock

2022-06-15 20:59 | Report Abuse

June 14 (Reuters) - LyondellBasell Industries NV (LYB.N) shut the larger of two cokers at its 263,776-barrel-per-day (bpd) Houston refinery following a fire on Tuesday, sources familiar with plant operations said.

Sources have told Reuters that Lyondell would permanently close the refinery ahead of the December 2023 deadline if one of several major production units, including the cokers, is shut and cannot quickly return to production.

https://www.reuters.com/business/energy/lyondell-houston-refinery-shuts-coker-after-fire-sources-2022-06-14/

Stock

2022-06-13 22:38 | Report Abuse

"This is going to be a tight market for certainly the next two years," Mark Williams, a research director at Wood Mackenzie, told Insider.

"We'll be maintaining this high price environment certainly through to the middle of next year."

http://www.businessinsider.in/stock-market/news/us-gas-prices-have-soared-to-5-a-gallon-because-of-bottlenecks-at-oil-refineries-and-the-crisis-is-unlikely-to-end-soon/articleshow/92144715.cms

Stock

2022-06-07 23:46 | Report Abuse

Valero hit all time high: 142 USD

https://finance.yahoo.com/chart/VLO#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-

Stock

2022-05-21 16:32 | Report Abuse

Asian gasoline cracks scale new heights following Ulsan refinery explosion.

Asian gasoline cracks soared to new highs on Friday after an explosion at a South Korean refinery compounded an already-tight regional supply picture.

Trade Friday saw a 92 RON cargo for loading 20-25 days ahead sold by Total to Vitol at $148.90/b. PetroChina sold 95 RON to Vitol for the same laycan at $157.20/b FOB.

Taken as value, the deals lifted refining margins to Brent to new highs as the 92 RON spot crack to Brent was marked $4.99/b higher at +$38.74/b and 95 RON a massive $8.32/b at +$47.04/b.

The move comes after an explosion at alkylation processing unit of the 580,000 bpd Onsan refinery left eight injured.

Owned by S-Oil, the refinery is the world's fifth-largest and any restriction of supply will put regional import pressure on an already-tight global market.

The jump was seen in the overnight market, with the east-west spread jumping by the European close on Thursday.

It comes against a backdrop of booming products demand, with tight supply as the global economy reopens from the Covid-19 pandemic having driven cracks to record highs even before Thursday’s accident.

Stock

2022-05-21 11:58 | Report Abuse

baanyak ejek ah lu? orang beri maklumat hargai la

spot dengan futures beda la

dalam satu hari aja minyak bisa lompat naik dan turun

sabar la

USD30 tak ada cukup kah? sudah jual shares banyak kah?

Posted by TanDavid88 > May 21, 2022 11:23 AM | Report Abuse

SINGAPORE MOGAS 92 UNLEADED (PLATTS) BRENT CRACK SPREAD FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT)
https://www.tradingview.com/symbols/NYMEX-D1N1%21/
30.499 only.
Mana ada USD37.00.
Pls post betul one loh.

Stock

2022-05-17 22:50 | Report Abuse

Warren Buffett's Berkshire Hathaway bet on Citigroup, loaded up on Chevron, and dumped Verizon.

https://www.businessinsider.in/stock-market/news/warren-buffetts-berkshire-hathaway-bet-on-citigroup-loaded-up-on-chevron-and-dumped-verizon-here-are-5-key-takeaways-from-its-q1-portfolio-update-/articleshow/91620727.cms

What does Chevron do?

https://www.chevron.com/worldwide/united-states

Chevron manufactures and sells a range of high-quality refined products, including gasoline, diesel, marine and aviation fuels, premium base oil, finished lubricants, and fuel oil additives. We own five U.S. fuel refineries and have a network of Chevron® and Texaco® service stations.

News & Blogs

2022-05-08 23:55 | Report Abuse

which IB published the right hand side information? Just came out?

Stock

2022-05-01 15:18 | Report Abuse

just the currency USD-MYR effect already expand its margin by 10%, before considering any crack spread expansion

General

2022-04-24 17:32 | Report Abuse

Steel exporters will benefit from weakening RM!

Stock

2022-04-16 15:37 | Report Abuse

Infrastructure approvals hit 70% of last year’s total

https://www.thestar.com.my/business/business-news/2022/04/16/infrastructure-approvals-hit-70-of-last-years-total

BEIJING: China’s government has given the green light to investment in projects that’s worth nearly 70% of what was allowed for the whole of last year, another sign that Beijing is accelerating infrastructure spending to bolster an economy hit hard by Covid-19.

Stock

2022-04-16 15:36 | Report Abuse

Infrastructure approvals hit 70% of last year’s total

https://www.thestar.com.my/business/business-news/2022/04/16/infrastructure-approvals-hit-70-of-last-years-total

BEIJING: China’s government has given the green light to investment in projects that’s worth nearly 70% of what was allowed for the whole of last year, another sign that Beijing is accelerating infrastructure spending to bolster an economy hit hard by Covid-19.

Stock

2022-03-30 22:27 | Report Abuse

Latest Price (RM/MT)

Iron Ore RM 620.34
Scrap RM 2,553 – RM 2,738
Billet RM 3,200 – RM 3,300
Rebar RM 3,450- RM3,600
Steel Wire Rod RM 3,500 – RM3,600

Stock

2022-03-19 23:21 | Report Abuse

Live updates: Big steel plant 'being destroyed' in Mariupol

https://www.independent.co.uk/news/ap-ukraine-joe-biden-vladimir-putin-europe-b2039492.html

https://www.devdiscourse.com/article/law-order/1968256-live-updates-big-steel-plant-being-destroyed-in-mariupol

In the besieged port city of Mariupol, Ukrainian and Russian forces are fighting for the Azovstal steel plant, one of the biggest in Europe, said Vadym Denysenko, an adviser to Ukraine's interior minister, in televised remarks on Saturday.

"Now there is a fight for Azovstal. … I can say that we have lost this economic giant. In fact, one of the largest metallurgical plants in Europe is actually being destroyed," Denysenko said.

Stock

2022-03-19 23:21 | Report Abuse

Live updates: Big steel plant 'being destroyed' in Mariupol

https://www.independent.co.uk/news/ap-ukraine-joe-biden-vladimir-putin-europe-b2039492.html

https://www.devdiscourse.com/article/law-order/1968256-live-updates-big-steel-plant-being-destroyed-in-mariupol

In the besieged port city of Mariupol, Ukrainian and Russian forces are fighting for the Azovstal steel plant, one of the biggest in Europe, said Vadym Denysenko, an adviser to Ukraine's interior minister, in televised remarks on Saturday.

"Now there is a fight for Azovstal. … I can say that we have lost this economic giant. In fact, one of the largest metallurgical plants in Europe is actually being destroyed," Denysenko said.

Stock

2022-03-13 18:22 | Report Abuse

Japan's rebar prices climb to 13 years high

https://www.steelmint.com/insights/japans-rebar-prices-climb-to-13-years-high-290293

By Monday morning, deals for SD295A 16-25mm rebar in Tokyo were being transacted at Yen 100,000-102,000/t, up Yen 2,000/t on week and Yen 4,000/t on month respectively, and some buyers have already started paying Yen 103,000/t, sources confirmed. This has been the first time for Japanese rebar prices to reach above Yen 100,000/t since October 2008.

Thats more than 5,400 Chinese Yuan!

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2022-03-13 18:21 | Report Abuse

Japan's rebar prices climb to 13 years high

https://www.steelmint.com/insights/japans-rebar-prices-climb-to-13-years-high-290293

By Monday morning, deals for SD295A 16-25mm rebar in Tokyo were being transacted at Yen 100,000-102,000/t, up Yen 2,000/t on week and Yen 4,000/t on month respectively, and some buyers have already started paying Yen 103,000/t, sources confirmed. This has been the first time for Japanese rebar prices to reach above Yen 100,000/t since October 2008.

Thats more than 5,400 Chinese Yuan!

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2022-03-13 17:28 | Report Abuse

Steel price in asian countries outside China is actually higher than local chinese steel price as price is controlled by chinese govn

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2022-03-13 17:27 | Report Abuse

https://www.metalbulletin.com/Article/5088366/Latest-news/Philippines-steel-billet-import-price-hits-800-cfr-most-sellers-holding-back.html

Philippines steel billet import price hits $800 cfr, most sellers holding back


https://www.investing.com/commodities/steel-rebar-historical-data

https://www.fastmarkets.com/insights/sanctions-on-russia-to-push-philippines-to-buy-more-se-asia-steel-billet-sources-say


https://www.bangkokpost.com/business/2277959/country-girds-for-impact-of-higher-steel-prices

The price of steel billet in the global market increased to around US$800 per tonne, up from $650 per tonne, in just one week, said Pravit Horungruang, a committee member of the EAF Long Product Steel Producers Association.

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2022-03-13 14:41 | Report Abuse

https://www.bangkokpost.com/business/2277959/country-girds-for-impact-of-higher-steel-prices

The price of steel billet in the global market increased to around US$800 per tonne, up from $650 per tonne, in just one week, said Pravit Horungruang, a committee member of the EAF Long Product Steel Producers Association.

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2022-03-10 22:42 | Report Abuse

Sanctions on Russia to push Philippines to buy more SE Asia steel billet, sources say

https://www.fastmarkets.com/insights/sanctions-on-russia-to-push-philippines-to-buy-more-se-asia-steel-billet-sources-say

Far East Russia-origin 125mm 5sp billet was heard offered at $720-725 per tonne cfr Manila at the start of this week with bids as high as $705 per tonne cfr, but sources said they did not believe this offer was still in the market by the end of the week, following the Russian invasion of Ukraine on Thursday.

Malaysia-origin 5sp blast furnace (BF) billet was heard to be offered by traders at $720-725 per tonne cfr Manila on Friday, with bids heard at $705-710 per tonne cfr for such material.

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2022-03-08 21:50 | Report Abuse

Latest Price (RM/MT) from MSI

Iron Ore: RM 615.93
Scrap: RM 2,216 - RM 2,610
Billet: RM 3,000 - RM 3,100
Rebar: RM 3,200- RM3,350
Steel Wire Rod: RM 3,350 - RM3,450

Billet price had sky rocketed from RM 2600 just a week earlier!