Sslee

Sslee | Joined since 2016-08-31

Investing Experience Beginner
Risk Profile Moderate

Emotional Introvert Most defining characteristics: You are sensitive, melancholic and a perfectionist. You are a very emotional, caring and dedicated person. You believe that there is a bigger picture in life, one that we can’t really see, but we can feel. You are very compassionate, strong minded

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Stock

3 hours ago | Report Abuse

GOC1!
LOW SULPHUR GASOIL CRACK SPREAD (1000MT) FINANCIAL FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT)NYMEX
48.723
D
USD
+4.147
(+9.30%)
MARKET OPEN

Stock

3 hours ago | Report Abuse

qqq3,
Your question:
Posted by qqq3333 > Oct 5, 2022 5:10 PM | Report Abuse
sslee............ with crude gone up a few days, what happens to crack spread? negative or not?

D1N1!
SINGAPORE MOGAS 92 UNLEADED (PLATTS) BRENT CRACK SPREAD FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT)NYMEX
−0.555
USD
−0.520
(−1485.71%)

But is this a bad news for HRC?
Allow me to repost the effect of Mogas92 hedge on HRC:

From HRC q1 2020 financial result:
Refining margin swap contracts notional amt: USD 321,821,000
Assets: RM 691,887,000
Liabilities: RM (54,145,000)

Fair value gain on derivative financial instruments: RM 472,651,000.

You can compare what happen to mogas crack spread during q1 2020 to what happen to magas crack spread in q3 2022 to make your prediction what will be q3 2022 realised and unrealised gain on mogas refining margin swap contracts.

The beauty this time round is the dieael and jetfuel sell will bring in lot of profit for HRC.

HRC is sure to acheive improved Q3 Balance Sheet with good Q3 EPS + q2 derivatives realised and unrealised loss become Q3 derivatives realised and unrealised gain (highest NTA per share)+ cash is free out from the high cost of hedging prepayment.

General

9 hours ago | Report Abuse

Malaysia court already rejected this kind of letter but still got some Idxxt think Saudi prince will give USD hundred of million to Malu Apa Bossku and signed off the letter as Respecfully yours.

News & Blogs

10 hours ago | Report Abuse

qqq3,
know what is the definition of civil war?

Did China Civil War between KMT Republic Of China and CCP People's Republic of China over?

Stock

12 hours ago | Report Abuse

qqq3,
Is reduction of the issue share capital mean share consolidation?

"Hibiscus Petroleum Bhd* has proposed to undertake a RM800 million capital reduction to eliminate RM690.6 million in accumulated losses as of June 30, 2022. The exercise entails a reduction of the issued share capital of Hibiscus via the cancellation of the company's paid-up capital of RM966.01 million. Less the estimated expenses for the exercise of RM880,000, the remaining RM108.53 million will be credited to the retained earnings of the company, which will be used to facilitate a proposed share buy-back."

News & Blogs

14 hours ago | Report Abuse

China already said as long as you agree that you are Taiwanese and at the same time a Chinese (One China Principle) then no war but if you say you are Taiwanese and also a Yankee or Japanese then War is inevitable.


So do you think which side will have the will to fight to win the heart, mind and body?

Stock

1 day ago | Report Abuse

https://asiatimes.com/2022/10/china-on-course-to-elude-us-chip-making-equipment-bans/

ANALYSIS
China on course to elude US chip-making equipment bans
It won’t be easy or economically efficient but is possible – and will cost US semiconductor companies dearly
By SCOTT FOSTER
OCTOBER 3, 2022

News & Blogs

1 day ago | Report Abuse

War is evil, war destroyed everything that take decade or century to build and million of people will be killed. So never start any war but when war already started how to stop a war?

He said he didn’t care if his proposal was unpopular, arguing that he did care “that millions of people may die needlessly for an essentially identical outcome.”

“Russia has >3 times population of Ukraine, so victory for Ukraine is unlikely in total war. If you care about the people of Ukraine, seek peace,” he posted on Twitter.

News & Blogs

1 day ago | Report Abuse

Agreed totally with Elon Musk.

He said he didn’t care if his proposal was unpopular, arguing that he did care “that millions of people may die needlessly for an essentially identical outcome.”

“Russia has >3 times population of Ukraine, so victory for Ukraine is unlikely in total war. If you care about the people of Ukraine, seek peace,” he posted on Twitter.

Stock

1 day ago | Report Abuse

Improved Q3 Balance Sheet mean good Q3 EPS + q2 derivatives realised and unrealised loss become Q3 derivatives realised and unrealised gain + cash is free out from the high cost of hedging prepayment.

Stock

1 day ago | Report Abuse

I am sure HRC will have a very much improve/better Balance Sheet in Q3.
Hopefully the derivatives financial assets will be higher than liabilities.
And other receivables and prepayments in q2 RM 1,675,720,000 will be reduce substantially.

Stock

1 day ago | Report Abuse

Ular,
Itu HRC creditor is also one of the Shell company.

Stock

1 day ago | Report Abuse

qqq3,

Tengku Muhammad, who was speaking at a press conference in conjunction with the announcement of Petronas' first half results, was tight-lipped as to when the government was expected to pay the subsidy.

PetDag, in which Petronas holds a 63.92% stake, had warned of the lingering impact of outstanding subsidy claims that will affect the group's profitability and liquidity after its trade receivables rose to RM10 billion.

Nevertheless, the group is working to resolve the situation in due course, and will carefully monitor and take measures to minimise the negative impact of this situation, PetDag said in its quarterly results filing on Aug 25.

Stock

1 day ago | Report Abuse

Ular,
Governmemt belum bayar Shell, Shell pun belum bayar HRC dan HRC pun belum bayar crude oil supplier (Shell International Eastern Trading Company)

Stock

1 day ago | Report Abuse

Meanwhile, sectors such as power utility and fuel retailers are facing headwinds due to government policy decisions. It is no secret that Tenaga Nasional Bhd and Petronas Dagangan Bhd (PetDag) have seen a big jump in receivables due to delayed subsidy collection from the government, which wants to keep electricity and fuel prices low. Compared with FY2019 levels, Tenaga’s receivables have risen RM14.41 billion while those of PetDag have swelled by RM8.74 billion.

Stock

1 day ago | Report Abuse

But who know, maybe after q3 HRC and all the warrants will fly thro' the roof.

Stock

1 day ago | Report Abuse

Hahahaha,
Bob is a very good story teller.
I wish I had done that.

Stock

1 day ago | Report Abuse

Musk, who is also chief executive of SpaceX, followed up his first tweet with another poll: “Let’s try this then: the will of the people who live in the Donbas & Crimea should decide whether they’re part of Russia or Ukraine.”

He said he didn’t care if his proposal was unpopular, arguing that he did care “that millions of people may die needlessly for an essentially identical outcome”.

Stock

1 day ago | Report Abuse

Elon Musk has prompted an online row with Ukraine’s president after he asked Twitter users to weigh in on his ideas to end Russia’s war.

In a tweet, Musk suggested UN-supervised elections in four occupied regions that Moscow has falsely annexed after what it called referendums. The votes were denounced by Kyiv and western governments as illegal and coercive. “Russia leaves if that is will of the people,” Musk wrote.

The Tesla chief executive also suggested that Crimea, which Moscow seized in 2014, be formally recognised as Russia, that water supply to Crimea be assured, and that Ukraine remain neutral. He asked Twitter users to vote yes or no to his idea.

Ukraine-Russia Peace:

- Redo elections of annexed regions under UN supervision. Russia leaves if that is will of the people.

- Crimea formally part of Russia, as it has been since 1783 (until Khrushchev’s mistake).

- Water supply to Crimea assured.

- Ukraine remains neutral.
Vote
Yes
No

2,104,014 votes
·
12 hours left

Stock

1 day ago | Report Abuse

qqq3,
No worries about me. I will keep it till the q3 result out to prove MM is damn wrong.

Stock

1 day ago | Report Abuse

U.N. Calls On Fed, Other Central Banks to Halt Interest-Rate Increases
A U.N. agency warns that further policy tightening risks a global economic downturn

The Fed has increased rates five times this year, but the rapid rises are coming amid growing unease about the haste with which borrowing costs are being raised.

By Paul Hannon
Updated Oct. 3, 2022 11:31 am ET

The Federal Reserve and other central banks risk pushing the global economy into recession followed by prolonged stagnation if they keep raising interest rates, a United Nations agency said Monday.

The warning comes amid growing unease about the haste with which the Fed and its counterparts are raising borrowing costs to contain surging inflation. India’s central bank Friday said that the global economy was facing a third major shock after the Covid-19 pandemic and Russia’s invasion of Ukraine, in the form of aggressive rate...

Stock

1 day ago | Report Abuse

Repost.
From HRC q1 2020 financial result:

Refining margin swap contracts notional amt: USD 321,821,000
Assets: RM 691,887,000
Liabilities: RM (54,145,000)

Fair value gain on derivative financial instruments: RM 472,651,000.

You can compare what happen to mogas crack spread during q1 2020 to what happen to magas crack spread in q3 2022 to make your prediction what will be q3 2022 realised and unrealised gain on mogas refining margin swap contracts.

The beauty this time round is the dieael and jetfuel sell will bring in lot of profit for HRC.

Stock

1 day ago | Report Abuse

Anything wrong I promoted Petronm at RM 7.00? When Petronm make 2.8 times higher EPS than Petdag but selling at 2.8 time lower than Petdag.

Stock

1 day ago | Report Abuse

The Bill, which is in its second reading, will also require the tabling of the Penal Code (Amendment) Act 2022 and the Criminal Procedure Code (Amendment) (No.2) 2022.

The first amendment that was made was to Act 574 to make stalking an offence. This was followed by the addition of a new Section 507(a) to Act 574 that stipulates offences for stalking.

Section 507(a) states that whoever repeatedly by any act of harassment, intending to cause, or knowing or ought to know that the act is likely to cause, distress, fear or alarm to any person or the person’s safety, commits the offence of stalking.

Meanwhile, Subsection (1) states that the act of harassment may include following a person in any manner or by any means, communication or attempting to communicate with a person in any manner of by any means, loitering at the place of residence or business of a person and giving or sending anything to a person in any manner or by any means.

Further, whoever commits the offence of stalking shall be punished with imprisonment for a term which may extend to three years or with fine or both and for final clarification the section uses the word ‘repeatedly’ which shall refer to at least two occasions.

Stock

2 days ago | Report Abuse

The rest of the world still can sell very expensive oil and gas to EU.

Stock

2 days ago | Report Abuse

My prediction EU going into recession. EU now facing crisis in energy, banking, food, manufacturing, nuclear war from Russia, very cold winter and etc. So please stay away from EU.

Stock

2 days ago | Report Abuse

Just wonder what has Credit Suisse anything to do with HRC?

Stock

2 days ago | Report Abuse

Ular,
Because the operating cost (production + admin + depreciation + finance cost) is about RM 449 million for year 2020.

And due to 10 years supply contract to Shell hence even running refining at loss still need to fulfill the delivery to Shell petrol stations

Stock

2 days ago | Report Abuse

Ular,
From HRC q1 2020 financial result:

Refining margin swap contracts notional amt: USD 321,821,000
Assets: RM 691,887,000
Liabilities: RM (54,145,000)

Fair value gain on derivative financial instruments: RM 472,651,000.

You can compare what happen to mogas crack spread during q1 2020 to what happen to magas crack spread in q3 2022 to make your prediction what will be q3 2022 realised and unrealised mogas refining margin swap contracts.

The beauty this time round is the dieael and jetfuel sell will bring in lot of profit for HRC.

Stock

2 days ago | Report Abuse

Philip like growth stock so much, so he hold his QL tight tight and buying into Serba.

By the way Petchem buying the entire stake in Perstorp Holding AB, a sustainability-driven global specialty chemicals company, for RM10.5 billion. Is that a good growth move?

Stock

2 days ago | Report Abuse

qqq3,
No hurry. Wait for q3 financial report to know exactly what will be the q3 realised and unrealised derivatives gain.

By the way HRC in 2020 actually make a realised derivatives gain of RM 1,124,316,000

Stock

2 days ago | Report Abuse

I give a like to i3lurker.
Agree its only money, no big deal.

Stock

2 days ago | Report Abuse

Who know one day I might thank qqq3 for allowing me to collect HRC and Petronm cheaply.

Stock

2 days ago | Report Abuse

Hahahaha,
It must be the joke of the year!!!

Posted by qqq3333 > Oct 3, 2022 11:02 AM | Report Abuse
u see this sslee become collateral damage all because of otb

Stock

3 days ago | Report Abuse

Double bond and triple bond are called unsaturated and hence it is in unstable state and thus seek to combine with anything on sight to because stable.

So please live your life in stable state and not in unstable state where you blow your top easily.

Stock

3 days ago | Report Abuse

I3lurker,
I am not worries.
I only feel sorry for those people lossing money in HRC because of day and night cursing by the naysayers.

Stock

3 days ago | Report Abuse

Know what is current diesel and jetfuel crack spread?

By the way you can look up to Petronm latest AGM minutes to find out what is Petronm yield in diesel and jetfuel.

Stock

3 days ago | Report Abuse

Diesel is used by commercial transportation, replacement for NG power generation and for heating.

Have you experience winter temperature of negative 10-20 deg C? How long can you stay alive without heating at this temperature? and can you take shower without hot water?

Stock

3 days ago | Report Abuse

Someone always assume EV is the solution. But did they know how the battery making bringing more harm than good to planet earth and how much more power plants need to be built just to charge the battery and whether the national grid can take this load surging.

Stock

3 days ago | Report Abuse

As current shareholder of HRC and Petronm, I am hoping HRC's and Petronm's strong earning will/shall move the stock price up north.

Man proposes, God disposes. Amen

Stock

3 days ago | Report Abuse

Somemore Malaysia Government sudsidize RON 95 and Diesel buy one free one to encourage more usage of RON 95 and Diesel.

Indeed Malaysian lives are cheap and not worth anything at all.

Stock

3 days ago | Report Abuse

Petronm:
Q2 Revenue : RM 5,596 million, PAT RM 183 million EPS RM 0.68
Q1 Revenue : RM 3,800 million, PAT RM 106 million and EPS RM 0.394

Petdag:
Q2 Revenue : RM 9,501 million, PAT RM 237 million and EPS RM 0.239
Q1 Revenue : RM 7,618 million, PAT RM 118 million and EPS RM 0.119

Petronm earning from Biodiesel+ refinering + retail and commercial sales petroluem products
Petdag earning from retail and commercial sales petroluem products

So to those naysayers at Petronm forum shouldn't you move to Petdag forum and urgently warn those still holding Petdag share to sell their Petdag share?

Petronm
Market Cap: 1,196 Million
NOSH: 270 Million
Quarter
Revenue
PBT
NP
NP to SH
NP Margin
ROE
EPS
DPS
NAPS
Financial Year: 31-Dec-2022
30-Jun-2022 5,596,062 240,671 183,479 183,479 3.28% 8.32% 68.00 0.00 8.1644
31-Mar-2022 3,800,335 143,753 106,377 106,377 2.80% 5.13% 39.40 0.00 7.6848


Petdag:
Market Cap: 20,823 Million
NOSH: 993 Million
Quarter
Revenue
PBT
NP
NP to SH
NP Margin
ROE
EPS
DPS
NAPS
Financial Year: 31-Dec-2022
30-Jun-2022 9,501,101 315,494 239,414 237,679 2.52% 4.22% 23.90 11.00 5.6700
31-Mar-2022 7,618,323 178,714 120,350 118,494 1.58% 2.18% 11.90 5.00 5.4800

Stock

3 days ago | Report Abuse

Aiyoyo ular,
Tak ada baca Oil Specialist very very explosive Q3 kah?

Expect the net change in Asset (asset - liabilities) to balloon to: RM 2,300,000,000

OCI net asset will be: (1.5 Billion) + 2.3 Billion
= 800 million

NTA will rise by RM 7 as a minimum
(before even considering earnings for Q3)

Stock

3 days ago | Report Abuse

Just do another DCI on friday 1 week USD to MYR. Once converted will then transfer fund to my Hlebroking account.

Stock

3 days ago | Report Abuse

And who is Mr. HaHa!

Public Nominees (Tempatan) Sdn Bhd 18,101,200 5.46
- Pledged Securities Account for Lee Hock Leong (E-PDG/SAN)

Stock

3 days ago | Report Abuse

I bought Insas because Mr HaHa bought Insas-WC.
I bought HRC warrants because probability bought HRC.

Stock

4 days ago | Report Abuse

The only different between Serba, Sumatec and HRC is HRC is oil refining company with:
Rated Capacity: 120,000 barrels per day
Licensed Capacity: 156,000 barrels per day

HRC earned a gross profit of selling their three main refine products RON 95 petrol, Diesel and Jet fuel against their crude oil purchases.

From Q2 financial report: RM'000
Manufacturing expenses (43,293)
Administrative expenses (31,993)
Depreciation and amortisation (26,555)
Finance cost (10,506)

Total: RM 112,347,000
Refining run about 10.5 million barrel.
Operating cost per barrel RM 10.70 equal USD 2.31.
Thus breakeven cost is USD 2.31 per barrel if refining able to run at 10.5 million barrel per quarter.

The daily mogas, diesel and jet fuel crack spread are public available information.

i3lurker with so many people cursing HRC company 24/7/365 thats why HRC share price continues to drop daily
01/10/2022 12:06 AM

i3lurker is right and I do understand many are here either to curse HRC supporters or naysayers without even care to know what HRC is doing just because of personal hatred. I am saddened that an investment forum is now a place for cursing each other.

Stock

5 days ago | Report Abuse

If HRC had hedged the refining margin mogas crack spread at USD 12-15 then Q3 these mogas crack spread swap contracts will make realised derivatives gain and a very big marked to market(30/9/22) unrealised derivatives gain.

The question is HRC refining margin swap contracts how many % is on mogas, gasoil and jet fuel crack spread margin swap contracts.

Hence I am eagerly waiting for Q3 result to look into refining margin swap contracts: Assets and Liabilities to understand HRC hedging position.

Stock

5 days ago | Report Abuse

Most likely Q3 result will only announce on end of Nov.

Stock

5 days ago | Report Abuse

MM is not wrong in repeating pending’ 1.07Bil hedging loss nxt QR

Because MM does not know what is refining margin swap contracts and marked to market unrealised derivatives losses.

The Q3 result shall/will prove how wrong MM was.