Please do not get kon by Hengyuan manipulative Accounts loh!

Actually Hengyuan is in deep trouble loh!

Correctloh....!!
This time mike ....talk some sense loh!

If Hengyuan use the same way of recognising profit like Petron, it would have reported a loss of Rm 412m instead of rm 667m profit mah! That means q2 HRC should report an EPS loss of Rm 1.37 instead of positive eps of Rm 2.22 loh!

Why Petron treatment is the correct approach leh ?
The hedging losses of Rm 1,078M should not classified as a comprehensive income & expenses, it should flow to Profit & Loss Account mah!

Why leh ?? Hedging is mean to smooth out the earning volatility of business, thus the hedging derivative impact should be matched against the Profit & Loss account....thus the computation of EPS should be amended loh!

So in conclusion the Profit & Eps for Q2 for Petron should be Rm 183M or Rm 0.68 per share v Hengyuan Q2 Loss of Rm 412M or EPS loss (Rm 1.37 per share}


Posted by Mikecyc > 3 hours ago | Report Abuse

Haha why ah NTA is dropped ??

AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
5.2546
6.8399

Correctloh....!!
This time mike ....talk some sense loh!

If Hengyuan use the same way of recognising profit like Petron, it would have reported a loss of Rm 412m instead of rm 667m profit mah! That means q2 HRC should report an EPS loss of Rm 1.37 instead of positive eps of Rm 2.22 loh!

Why Petron treatment is the correct approach leh ?
The hedging losses of Rm 1,078M should not classified as a comprehensive income & expenses, it should flow to Profit & Loss Account mah!

Why leh ?? Hedging is mean to smooth out the earning volatility of business, thus the hedging derivative impact should be matched against the Profit & Loss account....thus the computation of EPS should be amended loh!


Posted by Mikecyc > 3 hours ago | Report Abuse

Haha why ah NTA is dropped ??

AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
5.2546
6.8399

Kon mike, u are very chioooong hei.....worse than old lady loh!

So many time...raider confirmed....make 2 MYV in NETX.......but as i say previously....this success is due to pure luck loh!

NETX should never be an investable material....due to kon Fintec group loh!

People should avoid netx since the truth is already out mah!

No one can predict the share price correctly unless he is a god.
No one can tell the share price of Hengyuan cannot go up to 19.50 in 2022.

On the othe rhand no one can tell the share price of hengyuan, cannot go down to Rm 1.00 mah!

If u want to invest in Refinery & petrol stations Petron is the best loh!

Not Hengyuan- Bcos potential kon loh!

Not petdag- Bcos overvalue loh!

Very steady & price still creeping up mah!

Sooochaiiii Mr See still want to bad mouth TSH meh ???

TSH is on the upside mah!

Momentum is picking up loh!

Insiders are still buying mah!

All these derivatives has the following risk mah!

1. Counter party risk....like the case of counter party contract with not well known or not reputable party in the case of Hengyuan.
2. Our speculation risk loh....if monthly consumption is say 150k barrel....they might enter contract of derivative for 500k barrel loh....thus price movement impact is magnify loh!
3. Transaction cost of derivative loh!

Future crack spread price not that good mah!

Correctloh....what he need to do is to decide whether to join PN, PH or Warisan in case he is sack by UMNO & BN loh!

Any refinery can do that lah!

Btw Tapis is light crude mah!

Lu tau boh ?


Posted by Sslee > 1 minute ago | Report Abuse

Probability,
You can check out Tapis cut volume %

1963 - Esso Port Dickson Refinery comes onstream
1980 - Tapis Blend Crude Oil introduced at Port Dickson Refinery.
1990 - Commissioned second reformer at Port Dickson Refinery for higher mogas production and to meet lead phasedown.
1995 - Installed new crude distillation unit at Port Dickson Refinery to refine 75 thousand barrels of oil per day
1998 - Enhanced Port Dickson Refinery atmospheric pipestill tower for higher crude rate up to 88 thousand barrels of oil per day

The PD refinery is equiped with heavy naphtha continuous catalytic reformer (CCR) that can turn the heavy naphta into either mogas or diesel.

Yes buy when it is still low loh!

And do not chase when high mah!

That is on theory loh!

What if they contract derivative instrument, only after the event had happened leh ??

Then It is a license to siphoned money loh!

Hengyuan derivative are not route thru a reputable house loh!

Just becareful loh!

Lets be honest loh!

TSH is on the rise mah!

No need to deny loh!

Profit opportunity mah!

Ismail is in a very good position by just hanging on with its PM position, if the court cluster zahid sack him, he will gain the rakyat sympathy & gain popularity loh!

Bcos he can be hero to shield msia from the corrupt loh!

He should not call for election, b4 zahid corruption court case is dispose loh!

Mr See,

Why u r so silly leh ??

Cannot see meh ???

Records are all day mah! ie
1. Cheap share price
2. Good turnaround EPS
3. Good Dividend .

Profit opportunity mah!

Do not be naive loh!

For Petron it is applicable that its derivative it use is a form of instrument for hedging & it can be reversed loh!

On the otherhand for HRC its derivative instruments are a form of device to siphon money mah!

Just becareful loh.....for hengyuan it may not be completely applicable loh!

Posted by Rabbit2 > 7 minutes ago | Report Abuse

@Sslee
Agreed that derivative losses will be reversed but it's not a provision. It is merely a marked to market losses as at end June to reflect the current contract price in the market. This will eventually be reversed and replaced with actual periodical settlement.

If HRC and Petron consistently apply its hedging strategy and based on today's 29 August cut off, most losses will be reversed and likely there is a marked to market gain by now.

Accounting standards are trying hard to force all companies to reflect their numbers based on current fair values but it comes with unintended consequences in particular to those companies that are entering derivatives for hedging purposes.

If both HRC and Petron apply new hedge accounting rules under MFRS 9, these marked to market losses/gains could possibly be reflected under other comprehensive income instead of profit or loss.

That's my thought.

All these sooochaiiis still complaining & TSH still creeping up mah!

Director still buying loh!

Something is brewing mah!

Surprising good div for jtiasa mah!

Election time...sure says something good about chinese loh!

Swkplant result already out mah!

But no dividend loh!

Ismai should hang on....until Zahid court verdict is out...b4 contemplating early election loh!

wow very good dividend loh!

Not only good profit ....Good div as well mah!

No way can QL beat insas profitability mah!

This true loh...Philip has a bigger iron balls.....he can be very brave loh!

It is his nature to be brave mah!

Ismail want to go thru his full term mah!

It is not PH mah!

But zahid wants to do it early to avoid going to jail like najib mah!

Lu tau boh ?

Ismail want to go thru his full term mah!

It is not PH mah!

But zahid wants to do it early to avoid going to jail like najib mah!

Lu tau boh ?

Philip has a big realised paper gain on TG share disposal mah , thus should be able withstand any storm on Gloves ASP decline impacting on harta mah!

Long term at below Rm 1.80 accumulation should benefit mah!

Posted by CharlesT > 3 minutes ago | Report Abuse

How much is yr paper loss in Harta now....Will ASP continue to drop in the next few years.... will Harta started to post Q losses if so how long will they suffer so shall i continue to buy more at 1.50 1.40 1.30 1.20 1.00 0.80 0.60 0.50

This is much more crucial to you lah

Intelligent rakyat will ask, if Umno & BN are so good, then why election next year BN will lose leh ??

BN & UMNO must have done very bad things, so given time until next year, if rakyat find out much more this corrupt & kon politician will lose mah!

Lu tau boh ?

Intelligent rakyat will ask, if Umno & BN are so good, then why election next year BN will lose leh ??

BN & UMNO must have done very bad things, so given time until next year, if rakyat find out much more this corrupt & kon politician will lose mah!

Lu tau boh ?

Intelligent rakyat will ask, if Umno & BN are so good, then why election next year BN will lose leh ??

BN & UMNO must have done very bad things, so given time until next year, if rakyat find out much more this corrupt & kon politician will lose mah!

Lu tau boh ?

I was complaining previously the samething on Serba too loh!

I was eventually proven to be true mah!

Just be careful on Hengyuan loh!

Better stick to Petron loh!

Posted by Johnzhang > 1 hour ago | Report Abuse

Stockraider,
Pls spare a thought to the management, employees and shareholders of HY lah. Don’t label people conman too quickly lah. There wasn’t dividend is largely due to huge capex required to update the plant and to provide huge working capital required for the business.

Stand Tall With PH Anwar & Rafizi lah!

Vote for PH loh!

Go for future & better clean govt PH loh!

Stand Tall With PH Anwar & Rafizi lah!

Vote for PH loh!

Go for future & better clean govt PH loh!

Stand Tall With PH Anwar & Rafizi lah!

Vote for PH loh!

Mr See,

Stop making a fool of yourself loh!
I heard from sifu calvin, u were investing in TSH.....but u sold off all your stock at around rm 2.00 & started to bad mouth TSH loh!

At Rm 1.07....u should start do yourself a favor by buying back loh!

Surely if the insiders managing directors has been collecting TSH aggressively, it is definitely its a worthwhile investment at Rm 1.07 mah!.

So stop making a fool of yourself by bad mouthing TSH loh!

Good news is bio diesel from palmoil is now cheaper than diesel price, which make it viable & profitable to blend diesel with palmoil biodiesel mah!

Posted by Johnzhang > 1 day ago | Report Abuse

Chicago soybean futures rose past $16 per bushel in late August, the highest in over two months, amid concerns of poor growing conditions in the US and higher import demand from major consumer China. Heatwaves in the American Midwest hampered the supply outlook on the current crop, as weather forecasts still do not favor clear indications of rain for the coming days. In the meantime, record-setting heatwaves for multiple Chinese regions damaged the incoming crop, driving grain traders to enter international soybean markets.





As at 25/8/22, CPO fob Malaysia usd1,069/mt. SBO ex Rotterdam usd1,655/my. CPO is cheaper by usd586/mt ridiculously! When CPO stock pressure ease in Indonesia soon , the price gap should narrow to usd200/mt with CPO price potentially increase by usd386/mt or RM1,700/mt. This shall bring CPO back to around RM6,000/mt.
SBO price has little chance to go down with weather havoc in Europe, China and U.S.
Edible oil price will be going up and stay elevated for many years
————————-
Aug 27): Europe’s fertiliser crunch is deepening with more than two-thirds of production capacity halted by soaring gas costs, threatening farmers and consumers far beyond the region’s borders.

Russia’s squeeze on gas shipments in the wake of Moscow’s invasion of Ukraine is hurting industries across Europe. But fertiliser companies are being especially affected because gas is both a key feedstock and a source of power for the sector.

Wholesale fertiliser prices, which fell back after climbing to multiyear highs following Russia’s assault, are rising again as European Union producers curb capacity. Ammonia prices in Western Europe have surged over the last two years, according to data by Bloomberg’s crop nutrient analysis company Green Markets. Dwindling supplies will keep prices elevated, threatening productivity as farmers are forced to scale back their use of the key nutrient. That in turn will hit consumers as food inflation accelerates.

Not really true for Ismail being checkmated loh!
Ismail still has its last fling to play mah!
In fact this is exactly why Ismail is appointed as PM mah!

Posted by stockraider > 1 hour ago | Report Abuse

ISMAIL may not even call election until Zahid court case is dispose or when the Govt term is up loh...!

This bcos Ismail cannot trust zahid.....will be fair to him loh!
He may not be even fill as a BN election candidates loh!

One of the strategy for Ismail to adopt is let UMNO & BN sack him....then he has the chance to join PN or PH & still govern the country until end of the term as PM mah!

Lu tau boh ??

Very true loh!

Hengyuan do not like to share their profit with minority shareholders loh!

Posted by shortinvestor77 > 36 seconds ago | Report Abuse

I have never force them to pay me the dividend and it is their willingness to share profits according to their willing set dividend policy. How many counters in Bursa are willing to share their profit and set up a dividend policy? You ? ha Ha Ha!

U think only PH is silly meh ??
The whole msia is kon by TDM mah!

U think only PH is silly meh ??
The whole msia is kon by TDM mah!

U think only PH is silly meh ??
The whole msia is kon by TDM mah!

Mr See,

Stop accusing Raider pretending loh!

The fundamental facts for TSH are all there mah!

I know....TSH at Rm 1.07 below is a very good buy loh!

1. TSH is enjoying good price on cpo.
2. TSH sold land at a good price with a very good profit, that is going pay off all its loan.
3. TSH associate INNO is valuable make good profit & pays very good dividend
4. The Managing Director have keep buying TSH....it is must be good for him to do that loh!
5. TSH is undervalue & a very good inflation hedge mah!


Just focus the fundamental facts & not your emotional anger loh!

As for Netx...Raider already says the Netx promotion is really a mistake, bcos at that time Netx belong to fintec group are not expose by the EDGE yet mah!

Btw....what is your bickering with Sifu Calvin all about leh ??

In 2017....HRC owner was new...Raider unable to passed judgement kon or not mah!

Now raider know after 5 yrs....it is known kon loh!

Do not be silly lah!

That time is actually rule by konman TDM not really PH under Anwar mah!

PH was kon my TDM loh!

Lu tau boh ?

Do not be silly lah!

That time is actually rule by konman TDM not really PH under Anwar mah!

PH was kon my TDM loh!

Lu tau boh ?

Do not be silly lah!

That time is actually rule by konman TDM not really PH under Anwar mah!

PH was kon my TDM loh!

Lu tau boh ?

Lu tau boh ??

Capitalise on Petron....do not go for konman hengyuan stock loh!

Bcos they will kon u mah!

Lu tau boh ??

Capitalise on Petron....do not go for konman hengyuan stock loh!

Bcos they will kon u mah!