OTB never badmouthed Heng Yuan . All other refiners reporting awesome profit, why is Malaysia the exception ? Only because many afraid of Derivative loss, or hedging loss. Anyway, better to have low expectations of Eps of Rm1 or Nett profit of 300 mil, Too high expectations of Gross Profit of 1 bil, and when it is lower, price will fall as happen last time HY touch RM17. Thus when profit is more than RM 1, then price will go up.

number of shares only 300 mil, so net profit of RM 300mil will give EPS of Rm 1/ !!! Dont understand why many wants to see HYuan go down to RM2. Even below RM 4/, there will be many buyers. In 2017, even with crack spread of around USD 10-15, price was above Rm 8 !! The most under rated share cos of fear of Derivative loss, which may turn to derivative gain !! Europe, Asia all stupendous gain for Refiners, why is Malaysia exceptional when refining capacity is limited ? Will be like TSH, now only starting to move, watch out. !!

With all good fundamentals, all the way to Rm 1.80. Production of FFb has increased and also plantations in Indonesia has less problems of getting workers. Also products sent to Wilmar for processing, thus Q2/22 will be fantastic.

Stock Win, even an Earnings per Share of RM 1/ is good enough. I remember the last time HY hit RM18, expectations were too high, and when results not up to expectations, price fell !! So it is better to have conservative estimate of EPS. In Europe, oil companies reported superb earnings and so is Vietnam, closer to home. So I guess, eps should not be too far off RM1/.

With all the bullish news, especially Vietnam s refinery super profit, HYuan should do well. Dont understand why crack spread can be so low for MoGas 92, whereas Diesel crack spread is so much higher. Anyway, major HYuan plroduction is Diesel, so should be doing well.

OTB constantly being attacked when he does a posting, so better diam diam. Todays news, India s Reliance getting good profit from Refining. Just wait for Q2 report as U Plt already reported their profit. Even RM 1/ share or RM 300 million net profit is already good enough.
Noticed that heavy bookings of Honda HRV and new Alza will lead to vehicle sales of 630,000 this year, a record. will lead to high Fuel demand. believe that Rm 4 is near bottom, and it is on way up.

Buy signal appeared. Forecast eps for year above RM 2/. Today, hammer appeared, i.e. it went down earlier then reversed up, so good sign. Crack spread still above USD 20.

Nato and Ukraine already said War wont end soon !! Today s Star article bullish on Refineries due to China shutdown. KYY quietly bought HYuan without writing at i3, and then wrote that should have sold. Now asking people to cut loss, possibly for him to average down. Why should investors sell when price is already so low ? Fundamentals will prevail at the end. SsLee wrote that HY do hedging on Crude and Refined Oil to minimize fluctuations in prices and thus, the Derivative loss in Q1 will be lesser in Q2. Hope is impt as it is what kept prisoners alive during WW2 amid hardships in POW camps!! Still believe HY is undervalued as Crack Spread is still above USD 20.!! Cost of production is only USD 2/!!

Petron eps of 40 cents, and 106 mil Later, HYuan will get higher Eps. Go to HYuan to see how OTB calculate the potential EPS for Q1, and how SSLee calculate the potential profit.

Tomorrow HYuan results probably out. With Inventory gain, high Gross Refinery Margin, hope net profit can touch 300 mil, if not more or Eps of RM1. For Q2, crack spread is higher at USD 30, thus profit will be much higher !!

Petron capacity is half of Heng Yuan. So if profit is 106 mil for Q1, maybe Heng Yuan profit will be double. Seems due to Inventory Gain, plus high Gross Refinery Margin, maybe HYuan profit can touch around 300 mil !! with high crack spread of US 30, profit wil be enormous for capacity of 150,000 barrels/ day.

TQ, Vinc3362. Wow, 150,000 barrels per day, x 30 / mth, x USD 30/ barrel will give a very good profit. 4.5 mil barrels/ mth x RM 130/ barrel =RM 580 mil / mth x 3 mths. Do correct if wrong. Enormous profit, yet price is down.

If not wrong Refining capacity of HYuan is 2x PetronM. Capacity is 160,000 barrel per month if not wrong. As calculated above, Nett crack spread is USD 30/ x 4.4 =RM 132/ barrel x 160,000 x 12. Kindly correct if wrong !!

To be fair, OTB puts his reco based on facts and figures as can be seen by the results of other refiners like Reliance in India. Have been a long time subscriber and I find no wrong in him, no doubt lost a bit in HiapTek, MSC and PMBTech. Who can be 100% accurate all the time ? Crack spread is indeed high, and it can be true that HYuan and PetronM fall is due to some CWs maturing, force selling or Short Selling. Look at Hibiscus, eps of 15 cents for a Quarter Year, Net profit of 307 mil and PE of 6X !! His reco on AYS still hold as eps is 6 cents, and PE is only 2X!

Calvin, I too thought of going almost 100% in CPO. However, thinking of all the losses in Steel and Tech shares, and wondering if can cover the losses from the 2 sectors and whether putting all the eggs in 1 basket is risky. !!Anyway , Calvin you have helped many times by your accurate diagnosis and gained a little, but did not heed your warning on Gloves, so suffer great losses as a result !!

Sifu Ooi Teik Bee is spot on when encourage subscribers to go for Bonus issue. Should have more confidence in him and buy more !!! Only MSC suffers from falling price. KYY promoting Subur, but would prefer CPO shares not up yet or consolidating - SHChan, TSH.

At least TSH dont have problem with labour. Also it can sell for other uses compared to Exporting it. Dont forget its land value near to Nusantara.

Thanks for your comments Calvin. So far only bought 3 of the above in small amount, except THPlant. From observation, TaAnn is very good, as it is constantly on the move up and second is HSPlantation which went up after buying within a short time. Seems IOI Corp is responsive to CPO price movement but its price is lagging compared to others. SHChan is also a laggard.

Noticed Cepat and MHC Plantation is not mentioned. Also curious as to how Plantation Companies are taxed - Excess profit Tax when CPO price over Rm3500? Windfall Tax when annual profit above RM 100 million, and normal Tax of 24 % on Net Profit.

When people bullish on Cpo shares, all other cheap shares will also go up, like SHChan, Tdm, RSawit, etc. I have seen it before. Only way most punters can buy KLK, Utd Pltatn shares is through Call Warrants, or company Warrants like KMLoong.

IOI corp, can buy Call Warrant if price is a bit high, esplly C 35. KYY now prefers JTiasa.. Noticed that TaAnn, Inno, uptrend whereas SHChan have not rebounded yet and very cheap. SimePlant has many cheap Call Warrants too. Calvin really helped investors a lot. As early buyer of CPO shares , was not patient enough as CPO did not move for a long time, and thus cut loss on BPlant, TSH, Subur, SOP etc. In May, BPlant and TSH will announce their profit form land sales. Overall as Calvin says, the Nusantara, new Indon capital, will cause a very drastic re-evaluation of land price on TSH land in East Kalimantan. Keep up the good work Calvin of informing Investors. Sometimes we wonder how Tanco with very small profit and Revenue, can have Capitalization of nearly 1bil. Beware.

In 2009, sold my Oil Palm land, 8 years old, Tenera variety, at Geddes Estate, Bahau , besides Agric Road, for Rm40000/ acre. At that time CPO was at 3k/ ton. Thus price per Ha, x 2.471, equals 100k/ Ha. I believe other factors play a part , like forward sales, borrowings, productivity of mature areas, management quality, segment of profit due to Oil Palm, dividend policy, etc. That is why TaAnn, Inno net profit margin is higher than others as it has no borrowings. Subur Tiasa has borrowings and not 100% Oil Palm. If you notice, as Calvin says - IOI Corp has not moved much due to PNB selling tho it has upstream and downstream investments. Another share is SHChan which at this time of high CPO price, its price fell, probably as Smart Money collecting before it goes higher. In 1993, SHChan touches more than RM20.

Not possible for Cpo to tumble below RM 2000 in the near future with what is going around in the world today. No doubt there is a possibility of China planting Oil Palm planting large scale with plants modified to temperate climate to reduce their import of CPO. However there is a long gestation period before it matures. Strike while iron is hot, will still go to the least popular CPO shares like SHChan and IOI Corp which has not really moved up, but in fact is at a low price level. Sooner or later, these shares will move up.

Subur high quarterly eps could be due to extra ordinary items. Also bear in mind that it has high borrowings. A cheaper alternative can be found in Sin Heng Chan, fell from 50 over cents to 40 cents something. Paid up Capital not very high. In 1993, price up to over RM20 !! Anyway another good choice is IOI Plantation as it has large acreage and PNB selling non stop to get money for 10 k withdrawal. One of the few CPO shares that has not moved up, in fact it fell from a high price, despite high Cpo price.

TecGuan only 40 mil shareholders, SHChan has around 290 mil shares and has good profit for the year. Should go up like TecGuan., need KYY to spruce it up ?

remember, SHChan also has good eps for whole year. Price is undervalued, down from 50 over cents. Good fundamentals.

Exercise price is 50 cents, so going down to 50 cents ? Why the sell down unless insider knows results poor ?

Bought at 25 cents, thinking to convert at 50 cents and sell at expected 80 cents at that time. Now price is ONLY 64.5 cents !!!

Means to break even, Bsl Wa should be bought at lowest 14 cents. !!

Results going to be out soon!! Hope results good.

Why interest in this share ?

Wei Sheng, You make those who has bought Hiap Tek really angry. Already many investors are bleeding and suffering. Please dont post nonsense!! From 46 to 12 cents is too much.

We can accept is you can give your justifications.

Meanwhile please refrain from making foolish prediction.

half year, 15 cents, so full year 30 cents earnings. Price say 70 cents, PE less than 3. Dividends is 1.5 x 4 = 6 cents, divided by 72 cents is 1/12 is more than 8% !!!

Thus considered good share and undervalued !!

There was stock split of 1 becomes 4, then bonus of 1 for 3, thats why NTA and Eps lower than previous quarter.

Caution, there were major shareholders selling recently, read at KLSE screener.

Am Invest Bank gives TP of above RM1/

Possible restructuring and Syariah compliant to attract Funds coming in.

Results due soon.

Wow, suddenly share starts to move !! Today index up, mostly due to Bank Shares up.

MBSB, cheapest Bank share. FA good, gives dividends yearly, NTA i RM 1.22 !!

Good news coming as Volume shot up tremendously !! Maybe fantastic QResult ?

Has been stagnating for long time , sideways as Smart Money accumulating. Now, Bankers start to push ? Very strong support at 60 cents ?

Those want to try Call Warrant can try C-36 at 2 cents, or C 40 at 6 cents, with low conversion ratio and price, plus very long maturity.

Ini kali lah, hoot 9E !!

Tech Analysis good, as it shoots past 20 days moving average, shows something is cooking !!

Accumulation going on as from Charts, it is moving sideways, for a long time, and may cross 20 days m.a.

S wak shares, election coming also.

Star on Saturday stated Cash in Hand is 3.4bil, No of shareholders is 2.7bil. So there is cash of over RM1.20 per share. Dont you think Supermax offers value compared to Tech or other stocks ?

Tho ASPs may drop, it is covered by higher capacity. Hope price will recover and rise slowly. Star write up is very positive for Gloves.

Actually what happened, pump and dump ? Like Focus and Timbwell ?

Calvin, dont you think Sarawak Plantation will be the one with most improvement after Ta Ann took over management ? Innoprise Plantation also offers value. Noticed you did not mention the large capital plantation like Sime Plantation, Genting Plantation, etc.

CBIP, MkH , SHC, also has plantation land. How large is the acreage under Eksons and its percentage contribution to overall profit as I thought Eksons is into property.

Have bought TDM, Swk Plant, for some time, but the price is on way down.!! Is there a ranking of which share is better ?

Thank You for your many informative articles which we enjoyed very much, and many have benefitted from it.

- Hope Gloves will not die but will taper off slowly as they are still cash rice with billions in their pocket !!

Top Gloves result very soon, shall reveal the truth about China Nitrile Gloves driving ASPs down.

Dear Michael, very new to your Forum, but I see you have helped lots of people. Can I summarized your reco as follows.-
- Buy LKL, less than 39 cents, TP 40% profit,
- buy Astino, TP more than 1.60, within 2 weeks or more,
- buy Vizione, Vertice, Permaju, hold till July, sell if profit earlier.
Hope I did not miss any good recommendations.
Thanks for your help, Sifu. Lost some money playing call warrants on Gloves.

Risk of losing money after subscribe to rights !!!

When is the AGM? This share losing money all the while. Share can move only after Bank Pembangunan no longer 5% share holder. BPMB selling due to Court Case of CBT of it s Director ?

Where is the logic of conversion at 55 cents when share price is only 12 cents ?

Why did Fintec buy so much at a high price ?

Is Saudee, MMAG, Macpie, Focus, all part of the Family where the shares were pushed up and then touched all time low ?

M Touche consolidated 10 shares to 1, now offering 6 rights at 10 cents, and 3 free warrants for 1 share, this will equal to 10 shares again. ! Back to square one ? Price of mTouche rose from 17 to 39 cents to induce people to take up rights ?

Is this a game they are playing to make people lose money ?

Does the rights issue document reveal the exercise price of Warrants to convert to Ordinary shares.? Why do they need the money for ? Their business is always making losses. Price pushed up from 17 to 39.5 cents to make people want to take up the rights ?

Seems Ex Px is 1.15, so adjusted price is RM 1.00 ? Still thinking, worth to take risk ?

1 bonus, 1 rights at 68 cents, 1 warrant. Can anyone tell what is the Ex price of the Warrants. Adjusted price after Ex, - 2.18 +1 bonus, +68 rights +/4 is 2.86/4, = 0.715 Correct me if wrong. last day to buy is on Friday, X date, 3/5 Monday.

Anybody can see from Balance Sheet, seems Cash per share quite high.

When is expected result ? Warrant price dropping steadily.

If you care about others, you wont join shorties.

Already many losing money from buying around 10.30 after bonus of 1 to 1, till present price.

Think US will buy Supermax factory in US as they badly need Gloves. Biden needs a made in USA gloves. Supermax is also into lens making and also selling face masks besides Gloves.

ASPs for 2021 have yet to decline, so profit should be on the increase still. KYY has already sold all his shares, so less danger of forced selling or margin calls !!

Still believe Supermax is very undervalued as how low can it go when PE is very low, earnings increasing, high ROE, cash rich, high net profit margin, and demand outstrips supply.

looking at charts, TG making double bottom, coming week will be bullish.

Results will be very good, at more than 3 bil net profit, eps should be high, in the 40 to 50 cents range, and 70 percent dividend payout ratio.

Hope the trend will change to bullish, price move above 20 days mov ave.

Price will go up later. Many good news will be coming, just watch out. Present price bashed down by Inv Banks and JPMorgan to enable US govt to get cheap Glove shares as they want made in USA gloves.

Coming results will be v good with good Dividends.

As the above article implies, US, probably taking over Supermax Factory in US under Maxter. as they face acute shortage of Nitrile Gloves !! That explains the reason behind JP Morgans ridiculous TP of Top 4 gloves at very low price.

Forbes article clear that gloves prices will still be up as demand far exceeds supply. Funny thing is, IB s give high PE to Tech Stocks as there is Chips shortage but not to Gloves even as it also face acute shortages !! 40> PE, compared to Gloves, <10x PE !!

Just compare the eps, and cash of tech stocks with gloves,- world s apart as Gloves fundamentals far outweigh Techs. Top Glove results out soon and those naysayers will be proven wrong.

Many Call Warrants, more than 10, will be expiring end February and that is why IB s pushing down prices. High time SBB come to play to support Gloves ridiculously low price and KWAP, EPF should buy more as cash rich Gloves will pay out hefty dividends.

EPF started buying millions of TG recently. Do watch out, something big will happen to Supermax soon.