Ready to collect at 12 again.

Afternoon let's see to re enter or not.

Malaysia market really not good for investing. HK already fly to sky

Tomorrow will continually drop must see closing.

Let's see closing

Too unstable, sideline first

Bought some at 12.550, sold on 13.00

I think today will wash people kaokao first

Sell momentum very high and powerful,

I think should go down a little more. Broke all the resistance. Wait for collect

A terrible manipulation stock. The management should do something

If break 12.30 then no movie I think???

Yes, waiting for RM 12

All the margin account will suffer must sell now.

Next support at 12.600

Should blame GREED.

Please there's no one to blame. We early investors thank KYY in sharing his knowledge.

Actually we should thank KYY when he recommends HY at RM5. I can only say early birds eats the worm. Thankful I bought very cheap at that time

Actually we should thank him when he recommend at RM5, there's no one to blame. Early bird eats the worm

Today if RM11 I will go back in.

Sellers too overwhelming

Break support should sell and buyback.

Selling pressure still very strong. Hang on

I think will be below 13 for awhile. Hang on. The support should be around 12.50

Still strong selling, will buy at around RM 12

Selling still strong. PE4 will slow down

Big guys are selling down. This total manipulated

Someone's manipulating the stock

Wish so much cash and inventory at hand, this counter is a bargain for improvements.

One of the most volatile stock I have ever seen. I hope that the management can do as KYY says to break the share into smaller parts

This is the time to test your fundamental understanding of HY. Next quarter maybe dividend the want more stock push down to bring dividend back China.

This time really cleansing most people with holy water. People who don't believe HY all dried up.

Oversold.

Man really brace to catch falling knives this morning.

Fundamentals intact

Money coming in after cashing out. Damn the operators are smart.

U can complain to the RHB analyst

This tells that the market is illogical most of the time

I think the RHB analyst should give some explanation

Bought more CH CJ today

Sadly the media really cannot be trusted most of the time.

How can you expect Petron crack spread high when the crack spread drops!!!

Is LIM SIN KIAT stupid or dumb???

Please note that the end of the paragraph, information from the Shandong Hengyuan's website. (A secret investment bank behind the scenes.)

A New Image of Local Refinery in Shandong? From Being Purchased to Purchase Others

Many local refineries became state-owned 8 years old, which was during the Financial Crisis. Although financial systematic risk lowed oil price to the bottom, it failed to break the confidence of global petroleum industry. Local refineries with free margin survival became focuses of different industries. Sinopec, CNPC and other big central enterprises once planned to purchase local refineries. Shell, BP, Total and other transnational petroleum companies also intended to purchase local refineries. Even SK and other companies in Japan and Korea wanted to have a finger in the pie.

However, it was only an intention. Although seller always born pressure in oil source and funds, the internal weighing and disputes of buyers, changing situations and policies made it hard to reach an agreement, so they missed many chances to integrate.

Only ChemiChina, Sinochem and CNOOC were successful in the procurement. ChemiChina purchased, recombined or held shares of 6 local refining companies in Shandong Province. CNOOC purchased and recombined 3 local refining companies and Sinochem purchased only one company.

The purchasing of local refineries in Shandong was stopped since the good ones were all purchased.

8 years later, this step of Shandong Hengyuan opened a new prospect after restriction of crude oil source and overseas petroleum products market was broken.

What’s the Real Purpose for This Procurement?

The final price was much lower. Shandong Hengyuan purchased 0.153 billion ordinary shares of SRC with par value of 1.00 MYR, which occupied 51.0% of total voting shares of SRC with a total cash consideration of 64 million USD (0.423 billion RMB), i.e. 1.80 MYR for per SRC share. It was said the total price was 0.13 billion USD (0.83 billion RMB), which was the cash consideration of the whole project assets.

Stock exchange of SRC in secondary market was dropped to the lowest point in the second half of last year. However, it was increased to approx. 5 MYR in the 4th quarter and January this year. SRC was suspended on February 2nd. After replaying on February 3rd, the price was dropped sharply for 27% to 3.2 MYR. However, it was still much higher than the purchasing price of Shandong Hengyuan.

Insiders thought the price of 1.8 MYR was obviously a discounted purchasing compared with secondary market. Shandong Hengyuan made a deal with a high rate of discount, while Shell was willing to transfer its core assets in such a way. Currently, the response of secondary market was positive, which might look forward to the new Chinese boss.

Shandong Hengyuan mentioned that the business of SRC was highly complementary with SHP. The procurement could allow SHP to further extend its petrochemical engineering chain, expand asset size, penetrate into the Malaysian market and help SHP to establish a strategic base in Southeast Asia region.

After the procurement, SHP planned to expand, rebuild or upgrade the current facilities to meet the supervision demands. It would also optimize product mix of SRC to strengthen its position as a leading regional refined product supplier. SRC would continue to provide long term stable refined products in Malaysia.

Besides, Wang Youde disclosed that his company also signed a sales contract of petroleum products and a supply contract of crude oil (without revealing the quantity and other details). The procurement also allowed SHP to get an overseas financing platform and a political and commercial opportunity in Malaysian market.

Mark Gainsborough, Vice President of Shell also said that he hoped this partnership could further strengthen the deep cooperation with local refining companies in Shandong Province. Shell Malaysia would still act as the largest petroleum retailer and lubricant supplier in Malaysia and continue to invest in related business.

A Secret Investment Bank Behind the Scenes

A mysterious character, Roland Stephens from Lazard Freres, also attended the signing ceremony. But we didn’t how its role in this transaction.

Lazard Freres was founded by Alexandre Lazard, Elie Lazare and Simon Lazard in 1848. Lazard Freres was the most mysterious investment bank in Wall Street, which was a family business for a long term. It was one of the best international investment banks globally over the past decades and a legend of investment banker.

When competitors of Lazard went public one by one and explored their business in loans, consignment sales and other services, Lazard chose to be concentrated and mysterious. They focused on providing secret strategies to CEOs. They weapon was judgment, privacy and ingenious strategies rather than diversified business or solid balance sheet.

[General Manager Office of Shandong Hengyuan Petrochemical Group]

Our Company Was Approved to Use Imported Crude Oil!

NDRC published the qualification of our company to use 3.5 million tons/year of imported crude oil on its website on July 11th, 2016. Our company has become the 14th local refinery enterprise in China and the 12th local refinery enterprise in Shandong Province to use imported crude oil.

NDRC issued A Notice about Related Problems of Crude Oil Use Management on February 9th, 2015, which allowed crude oil processing enterprises which met the conditions and performed corresponding obligations to apply for the use of imported crude oil. It symbolized that the right to use imported crude oil was opened to local refinery enterprises, which was an important step of system reform of oil gas industry.

As the only one local state holding enterprise among national local refinery enterprises, our company was preparing for the application of qualification to use imported crude oil after receiving NDRC [2015] No. 253 Document. Based on related national policies, our company optimized processing procedures and product structure by eliminating, combining and reorganizing backward refining units. We insisted on the development strategies to strengthen chemical engineering and focus on the development of fine chemistry to optimize industrial layout, lengthen industrial chain, strengthen energy conservation, emission reduction and keep exploring the market with the main line of structural adjustment and industrial upgrading and with the motive power of scientific innovation. Our company submitted application materials to NDRC on November 11th, 2015. Assessment experts looked up information and made a spot inspection based on project approval, technology, storage, transportation, energy consumption, quality, environmental protection, security and fire protection according to Assessment Instructions and other standards from April 18th to 20th, 2016. CPCIF published the assessment results on its website and China Chemical Industry News on May 11th, 2016. NDRC published the qualification of our company to use 3.5 million tons/year of imported crude oil in its website on July 11th, 2016, which symbolized that our qualification to use imported crude oil was officially approved by NDRC.

Our company will insist on fixed developed strategies, change our ways and adjust our structure to realize refining-chemical integration. We will use the most advanced technology in traditional oil refining; we will extend the chain of refining industry in transformation and upgrading to rely on advanced technology and focus on deep processing of downstream petrochemicals to develop chemical engineering deeply and emphasize on fine chemical engineering to reduce oil refining step by step. We will explore industrial fields, improve the height and precision of technology, promote and development, introduction, transformation and application of high technology to build new industrial chains and industrial cluster.

Our company will always insist on ideas of healthy and sustainable development to improve security prevention awareness, awareness of unexpected development of energy and environmental protection awareness. We will save more resources and energy consumption to protect the ecology and beautify the environment. We will optimize product quality and build a long-lasting enterprise will sense of mission and responsibility!

[General Manager Office of Hengyuan Group]

Oil Coronation

The crown of the world’s biggest oil importer now sits firmly atop China after the nation’s shipments surpassed the US on an annual basis for the first time ever. What’s more, it’s also one of the largest buyers of American crude.

Inbound shipments from across the globe — Russia to Saudi Arabia and Venezuela — jumped about 10% to average 8.43 million barrels a day in 2017, data from China’s General Administration of Customs showed on Friday.

The unprecedented purchases may be bettered in 2018, if import quotas granted by the government to China’s independent refiners are a signal. The first batch of allocations was 75% higher than for 2017.

This will bring Hengyuan to the sky.

The unprecedented purchases may be bettered in 2018, if import quotas granted by the government to China’s independent refiners are a signal. The first batch of allocations was 75% higher than for 2017.

Please know that the current oil price will drop after the output of shale oil of America.