Looks like selling continue with the uncertainty around new gov and new policy involving toll operators.

Italy crisis hitting banking stocks worldwide

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http://www.bbc.com/news/business-44287455

Saudis, Kuwait, U.A.E. Plan Saturday Meeting on OPEC

Energy ministers from Saudi Arabia, the United Arab Emirates and Kuwait plan to meet on Saturday to discuss OPEC matters, about a week after the Saudis and Russia announced a new policy to revive oil production.

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https://www.bloomberg.com/news/articles/2018-05-29/saudis-kuwait-u-a-e-are-said-to-plan-saturday-meeting-on-opec

Minus off all government related revenue, not much value in the company.
Yeah, RM0.18 seems to be FV.

Many will overlook on the "good result".

Looks like a big drop tomorrow.
Hopefully, the estate of YTL & Sons Holding Sdn Bhd will hold the fort.

The property segment is really dragging the overall company's earnings.
Suggest the CEO to "kill off" this segment before it rots further.

Dr M confirms high-speed rail project with Singapore to be scrapped
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https://www.thestar.com.my/news/nation/2018/05/28/dr-m-confirms-scrapping-of-high-speed-rail-project-with-singapore/#t8e6roA6V4M4DBpk.99

Revenue
75,420

Cost of sales
(30,350)

GROSS PROFIT
45,070

Other income
3,456


Administrative expenses
(47,462)

Other expenses
(28,319)

Finance costs
(3,467)

Share of results of an associate
(142)

Actual is Loss (30,864)

Oil stumbles


That came as oil prices extended declines after coming under pressure last week following news that top producers could ease quotas on existing production cuts. Brent crude futures slid 1.87 percent to trade at $75.01 per barrel and U.S. West Texas Intermediate eased 2.47 percent to trade at $66.20 after settling 4 percent lower in the last session.

"We've been calling for oil prices this year to be relatively range-bound around the mid-$60s level and I think that's a level that OPEC's relatively comfortable with," Hannah Anderson, global market strategist at J.P. Morgan Asset Management, told CNBC's "Squawk Box."

"What they're not comfortable with is prices getting high enough that it made sense for those marginal shale producers to come back online, which is really what drove prices down in the first place in 2015," Anderson said.

Oil stumbles


That came as oil prices extended declines after coming under pressure last week following news that top producers could ease quotas on existing production cuts. Brent crude futures slid 1.87 percent to trade at $75.01 per barrel and U.S. West Texas Intermediate eased 2.47 percent to trade at $66.20 after settling 4 percent lower in the last session.

"We've been calling for oil prices this year to be relatively range-bound around the mid-$60s level and I think that's a level that OPEC's relatively comfortable with," Hannah Anderson, global market strategist at J.P. Morgan Asset Management, told CNBC's "Squawk Box."

"What they're not comfortable with is prices getting high enough that it made sense for those marginal shale producers to come back online, which is really what drove prices down in the first place in 2015," Anderson said.

Scheduled shutdown in the third quarter of 2018

KUALA LUMPUR: Hengyuan Refining Company Bhd has allotted RM700 million for capital expenditure (capex) for the next one to two years, which will be mainly used to finance two cornerstone projects, namely the Euro4M Mogas and Atlas II.

The high capex allocation is significant for the company as it goes into its next phase of growth with the implementation of proven and advanced refinery technologies as well as improve operational efficiencies to maximise refinery margins.

The Euro4M Mogas project took a longer-than-expected duration due to the fabrication of its main equipment, and is now scheduled to be completed in the fourth quarter of 2019.

“While it’s unfortunate to experience a longer timeframe for the Euro4M Mogas project, but as a company, we strive for operational excellence in a safe environment, and believe that this highly technical project must follow its due course. The adjusted timeline would not adversely impact Hengyuan’s commitment in meeting product delivery commitments and we would like assure our customers that there would be no disruption of supply,” said its chairman Wang YouDe in a statement.

The Atlas II is slated for completion during the refinery-wide 2018 Major Turnaround (MTA) exercise due to begin in August 2018. Once completed, the integrated complex will be able to produce 1.15 million tonnes per annum.

In addition to the two projects, Hengyuan will be allott resources for the installation of facilities which is in compliance with future regulatory requirements.

These facilities known as Clean Air Regulation (CAR) and Euro 5 gas oil, will be installed during the scheduled shutdown in the third quarter of 2018, to avoid future refinery shutdowns.

Selling pressure had reduced substantially.
Looks good to start accumulate.

Consolidation in Oil & Gas.
Get out and wait for more news next month regarding the OPEC decision on the quantum of oil supply increase.

Anyway, whether KYY is taxable or not, he pays tax or not, I believe is none of our biz or concern.
Thus, no need to engross yourself into this non productive and time wasting chatter and focus on topics more relevant on this counter and the company's prospect.

From Hasil or IRB:
------------------

According to the IRB, the net profit gained from the share market is taxable if the transaction is done repeatedly.
Profits derived from dabbling in the share market is an adventure in the nature of trade and is taxable as a business income if some characteristics of the badges of trade as follows exist: profit-making motive such as engaging the service of a portfolio manager; assets were purchased with the intention of selling for profit; and the period of ownership.


For example, a short period of ownership can denote trading of shares when trading of shares is the main source of income for the stock broker/remisier. Another is the frequency of transactions where transactions are found to be one of the series, that is repeated or similar, arising from a pattern of activity.

From the facts given, IRB is of the opinion that the income derived from dabbling of shares in the shares market is not in the nature of trade and not taxable as a business income under section 4(a), Income Tax Act 1967. However, it might be taxed under other gain or profit under section 4(f) of the Income Tax Act 1967 if such activity is carried out frequently.

Source:
--------------------------------------------------------------------------------------
http://lampiran2.hasil.gov.my/pdf/pdfam/Pindaan_Act_53_23112017.pdf

For further confirmation, please contact the nearest IRB office with your supporting documents. Currently, there is no threshold amount for exemption.

Looks weak.
Maybe selling pressure continue next week.

Amount of share purchase by the family trust is very little.
Probably just to stabilise the selling pressure only.
Monitor the purchase for next 30 days.

@ Rosmah

Appreciate if you do not spam this thread.

@ beachboy

I think you misread my posting.
Read again.

@ JN88

No need to argue who is right or wrong.
We just pointed out some updated news.
Up to you to figure out and how to trade your portfolio,

The impact of either demand or supply will be reflected in oil price and subsequently in the stock price.
Stay tune!

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https://www.reuters.com/article/us-oil-opec/opec-may-decide-to-ease-oil-supply-curbs-in-june-sources-idUSKCN1IN2NS

https://www.reuters.com/article/us-oil-opec/opec-may-decide-to-ease-oil-supply-curbs-in-june-sources-idUSKCN1IN2NS

WOw, support @ 0.95 almost broken.
So weak.

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OPEC is planning to raise crude oil supply in June.
Suggest to get out of this counter till the exact amount of crude oil floods the amount. Expect oil price to adjust downward accordingly.

@ Bill Lim

Make sure you buy more and put your money where your mouth is.

All these consulting companies comes out with their unjustified assumption and cause unnecessary selling pressure.

Suggest get out of this counter till the exact amount of crude oil supplies flood the market.

OPEC planning to raise oil supply next month.

Buy on weakness

Good time to accumulate fundamental stocks.

Next support @ 0.66-0.67

@ kahsoon888

It's a separate division.
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http://www.georgekent.net

@hankc

Since they successfully completed LRT extension in 2017.
So far they had done a good job.
I've taken the train a few times when they launched it.

@ WD40

Can provide the link to the news.

Big boss dumping his share already?

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MR WONG THEAN SOON (a substantial shareholder) disposed 5,600,000 shares on 17-May-2018.

Looks like EPF may be adjusting their portfolio.

Looks like there's a 2nd wave of selling pressure.

Vietnam strives for economic growth of 6.7 pct this year

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http://www.xinhuanet.com/english/2018-05/21/c_137194865.htm

@ Is HY Dead?


The share purchase by the director was made a few months ago, in march & april.
The company don't seem to favour share buybacks to boost share price unlike many other companies did recently.

with the large impairment made, the company should be able to return to the black.
The higher oil prices will also helps to improve on the E&P segment.

@ leek

If KYY had cash out J@K$ or Sendai, it would reported in Bursa Malaysia as he is a substantial shareholder.

@ Betkaukau

Did you buy?

@ SimonLee76

Subsidies for pumps , does not include reserves which the company will incur losses when the price was capped back in April.

Cut loss?

What is your entry price?

Expected losses next quarter.
Price to consolidate around RM4.

@ poaylum

If everyday only price up, that is not a stock market.

It should be a see-saw.
Haha

@ B4b4

You left out a big portion of a DEBT.

A medium term notes(debt) of RM 5,379,570,000 tied to the highways, Term Loan of RM554,822,000, and many more.

Lol!

Looks strong and will continue to rally higher.

Next quarter confirm losses then.

@ Faiza
This counter does offer good value.
However, pending the announcement made by the CEP regarding the toll abolishment this week will provide a clearer picture of all toll concession in this country.
Stay tune!