Whats the benchmark for MY refining margin? SG Mogas 92 unleaded brent crack?

Whats causing the last min crash?

Has anyone look into the perpetual sukuk distribution?

Extracted from AR2018:
"During the year, the Company did not exercise its call option to redeem the Perpetual Sukuk amounting to RM683.0 million which could be redeemed on 24 December 2018 under optional Redemption. Hence, the periodic distribution rate for those two tranches of Perpetual Sukuk of RM683.0 million will now increase from 6.1% to 7.6% with effect from 24 December 2018."


Current distribution stood at 74m for 2018 and is expected to increase to 83.4m this year, and For the 7th year onwards, the periodic distribution rate will be further increased by 1% per annum for every year thereafter, subject to the maximum of 15% per annum.

In worst case scenario, the sukuk distribution will reach 180m per year, its nearly 2% of 2018 revenue, which is ridiculed. This sukuk thing will essentially kill all shareholders profit.

Right now the only optimistic thing is new management....

@Moonlight, agreed. volume is picking up... someone was supporting at 0.58 last month.

will china tariff on US soybean affect the cost of Cab?