Remember loh....just like palm plantations they are no virgin plantations bcos of ESG....thus new plantation is curtailed.....thus existing brownfield can enjoy the party unlike gloves loh!

Same thing is applicable for refinery loh!
Why Refinery Crack Spread at stubbornly high price leh ??

This is bcos of ESG mah! Investing in refinery require high capex in the billions mah!

Bcos of emphasis.....in ESG no one dares to invest in new refinery as they fear they could not recouped its capital, eventhough there is a shortage in capacity loh!

As a result they continue to run the refinery old junk to milk & accumulate as much profit they can get loh!

Despite President Biden urge the USA Refinery to increase capacity, the owner just give the President a very cool reception loh!

Posted by CharlesT > 1 minute ago | Report Abuse

Now everybody (even my neighbour's dog) also know coming Q2 profit for HY n Petronm will be very very very the good

Lets c if dreams can come true n all will be hand in hand laughing to the banks

General Raider is really the Good Guy loh!

Yes CPO is better replacement to sunflower oil compare to soyabean oil, as it can stand higher temperature for frying mah!

Remember loh....just like palm plantations they are no virgin plantations bcos of ESG....thus new plantation is curtailed.....thus existing brownfield can enjoy the party unlike gloves loh!

Same thing is applicable for refinery loh!
Why Refinery Crack Spread at stubbornly high price leh ??

This is bcos of ESG mah! Investing in refinery require high capex in the billions mah!

Bcos of emphasis.....in ESG no one dares to invest in new refinery as they fear they could not recouped its capital, eventhough there is a shortage in capacity loh!

As a result they continue to run the refinery old junk to milk & accumulate as much profit they can get loh!

Despite President Biden urge the USA Refinery to increase capacity, the owner just give the President a very cool reception loh!

Posted by CharlesT > 1 minute ago | Report Abuse

Now everybody (even my neighbour's dog) also know coming Q2 profit for HY n Petronm will be very very very the good

Lets c if dreams can come true n all will be hand in hand laughing to the banks

Remember loh....just like palm plantations they are no virgin plantations bcos of ESG....thus new plantation is curtailed.....thus existing brownfield can enjoy the party unlike gloves loh!

Same thing is applicable for refinery and new oilfields development loh!
Why Refinery Crack Spread at stubbornly high price leh ??

This is bcos of ESG mah! Investing in refinery require high capex in the billions mah!

Bcos of emphasis.....in ESG no one dares to invest in new refinery as they fear they could not recouped its capital, eventhough there is a shortage in capacity loh!

As a result they continue to run the refinery old junk to milk & accumulate as much profit they can get loh!

Despite President Biden urge the USA Refinery to increase capacity, the owner just give the President a very cool reception loh!

Posted by CharlesT > 1 minute ago | Report Abuse

Now everybody (even my neighbour's dog) also know coming Q2 profit for HY n Petronm will be very very very the good

Lets c if dreams can come true n all will be hand in hand laughing to the banks

Like a chess game....The Russian strategy is very methodical & careful now, they are gaining ground but not rushing for quick victory and thru steady approach & consolidating & strengthening its gain step by step as it advance in Ukraine mah!

Remember loh....just like palm plantations they are no virgin plantations bcos of ESG....thus new plantation is curtailed.....thus existing brownfield can enjoy the party unlike gloves loh!

Same thing is applicable for refinery loh!
Why Refinery Crack Spread at stubbornly high price leh ??

This is bcos of ESG mah! Investing in refinery require high capex in the billions mah!

Bcos of emphasis.....in ESG no one dares to invest in new refinery as they fear they could not recouped its capital, eventhough there is a shortage in capacity loh!

As a result they continue to run the refinery old junk to milk & accumulate as much profit they can get loh!

Despite President Biden urge the USA Refinery to increase capacity, the owner just give the President a very cool reception loh!

Posted by CharlesT > 1 minute ago | Report Abuse

Now everybody (even my neighbour's dog) also know coming Q2 profit for HY n Petronm will be very very very the good

Lets c if dreams can come true n all will be hand in hand laughing to the banks

Remember loh....just like palm plantations they are no virgin plantations bcos of ESG....thus new plantation is curtailed.....thus existing brownfield can enjoy the party unlike gloves loh!

Same thing is applicable for refinery loh!
Why Refinery Crack Spread at stubbornly high price leh ??

This is bcos of ESG mah! Investing in refinery require high capex in the billions mah!

Bcos of emphasis.....in ESG no one dares to invest in new refinery as they fear they could not recouped its capital, eventhough there is a shortage in capacity loh!

As a result they continue to run the refinery old junk to milk & accumulate as much profit they can get loh!

Despite President Biden urge the USA Refinery to increase capacity, the owner just give the President a very cool reception loh!

Posted by CharlesT > 1 minute ago | Report Abuse

Now everybody (even my neighbour's dog) also know coming Q2 profit for HY n Petronm will be very very very the good

Lets c if dreams can come true n all will be hand in hand laughing to the banks

Remember loh....just like palm plantations they are no virgin plantations bcos of ESG....thus new plantation is curtailed.....thus existing brownfield can enjoy the party unlike gloves loh!

Same thing is applicable for refinery loh!
Why Refinery Crack Spread at stubbornly high price leh ??

This is bcos of ESG mah! Investing in refinery require high capex in the billions mah!

Bcos of emphasis.....in ESG no one dares to invest in new refinery as they fear they could not recouped its capital, eventhough there is a shortage in capacity loh!

As a result they continue to run the refinery old junk to milk & accumulate as much profit they can get loh!

Despite President Biden urge the USA Refinery to increase capacity, the owner just give the President a very cool reception loh!

Posted by CharlesT > 1 minute ago | Report Abuse

Now everybody (even my neighbour's dog) also know coming Q2 profit for HY n Petronm will be very very very the good

Lets c if dreams can come true n all will be hand in hand laughing to the banks

Why Refinery Crack Spread at stubbornly high price leh ??

This is bcos of ESG mah! Investing in refinery require high capex in the billions mah!

Bcos of emphasis.....in ESG no one dares to invest in new refinery as they fear they could not recouped its capital, eventhough there is a shortage in capacity loh!

As a result they continue to run the refinery old junk to milk & accumulate as much profit they can get loh!

Despite President Biden urge the USA Refinery to increase capacity, the owner just give the President a very cool reception loh!

Why Refinery Crack Spread at stubbornly high price leh ??

This is bcos of ESG mah! Investing in refinery require high capex in the billions mah!

Bcos of emphasis.....in ESG no one dares to invest in new refinery as they fear they could not recouped its capital, eventhough there is a shortage in capacity loh!

As a result they continue to run the refinery old junk to milk & accumulate as much profit they can get loh!

Despite President Biden urge the USA Refinery to increase capacity, the owner just give the President a very cool reception loh!

Do not leave the refinery when the crack spread is at its peak above USD 20 mah!

Remember refinery still can make reasonable profit, eventhough the crack spread is at USD 4 loh!

Very strong potential profit opportunity for sapnrg at this price mah!

This soohhhaaiii Mike cannot tahan....come to disturb General Raider here loh!
Posted by Mikecyc > 1 minute ago | Report Abuse

Haha kon stockraider is surfaced after Diving in Insas ke ...

How can russia crumble when its rouble is at year high leh ??

The main beneficiary is in china....as it gets its hand on cheaper price commodities from russia loh!

Very strong potential profit opportunity for sapnrg at this price mah!

Correctloh!

Hengyuan has big corp governance problem mah!

Posted by johnny cash > 35 seconds ago | Report Abuse

when you read the report of both companies you can judge by yourself which company is rising more questions in the mind discard that company off which

Petron is owned by ANG family, the Philippines chinese tycoon in the league of Robert Kuok mah!

All the ANG companies in phillipines is very well run & pays good div mah!

Lu tau boh ??

No wonder Investment bankers chose Petron instead of kon Hengyuan loh!

Always remember this & be realistic mah!
Bplant can play attack & defense loh!
Even if CPO fell to Rm 5000, this price still give plantation owner a very high margin & they still can laugh all the way to the bank loh!

Even if it drop to Rm 3,000 to Rm 4,000 there are still ample value of valuable land to support its share price above rm 1.10 loh!

Correct mah!

Bplant beside just good cashflow & profits has strong undervalue assets & land banking mah!

Most importantly it share good dividend with minority shareholders mah!

Bplant beside just good cashflow & profits has strong undervalue assets & land banking mah!

Most importantly it share good dividend with minority shareholders mah!

Plantation is the sector u can stay longterm as it accord food production & capital preservation from inflation thru its cheap landbank mah!
Posted by CharlesT > 1 minute ago | Report Abuse

Sslee, how much is CPO price now? Rm6k+?

Not long ago some said CPO prices can stay at high level for a long long time due to supply shortage. To plant new palm trees now hv to wait 5 to 6 years then only can see the fruits...

Posted by CharlesT > 1 minute ago | Report Abuse

Sslee, how much is CPO price now? Rm6k+?

Not long ago some said CPO prices can stay at high level for a long long time due to supply shortage. To plant new palm trees now hv to wait 5 to 6 years then only can see the fruits...

Meanwhile, most plantation counters prices hv drops easily 20% to 30% fm their peaks few months ago


CharlesT

13,208 posts

Posted by CharlesT > 14 seconds ago | Report Abuse

Dont overstay at all theme play stocks...

Thanks for the info loh!
It look like MBSB wrongly reported its eps 3 sen for the latest qtr... it should be eps 1 sen mah!
Thus should avoid mbsb & switch to affin bank loh!

Better switch for better corp governance, return, safety and better div loh!

Not much u can learn from 3iii loh!
He is not really a value investor, he is a big follower of brand investment mah!

Posted by Sslee > 2 hours ago | Report Abuse

3iii,
What is your intention of this past 5 years record?
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥
Insas Berhad
0.79 MYR
-0.27 (-25.47%)past 5 years
9 Jun, 5:00 pm MYT

If you have nothing better to do why not teach people how to read Balance Sheet and cash flow statement on:
What is good or bad receivables, inventories and debts.
What its mean to impaired goodwill and receivables every year.
Why some company almost every year PP, RI, ESOS and Share grant.

Hopefully with your teaching people will not fall for company like Netx, Serba, Sapura, Jaks and etc.

Many thanks in advance.

Indonesia palmoil open up for export despite suspension for 1 mth, very positive for Utd Plant mah!

Do not fool around....better switch to Petron for better return, corp governance & safety to avoid being cheated by hengyuan loh!

Sifu sslee,

Petron is going to make eps Rm 1.20 to Rm 1.60 per share mah!
Not so low eps as sifu mentioned loh!
Posted by Sslee > 16 hours ago | Report Abuse

Hahahaha,
Petronm just need to earn 100+ million to get EPS of 40 cents. So if Q2 earn 300 million what will be the EPS
Glove earn billion but what is the EPS?

Correct mah!

Bplant beside just good cashflow & profits has strong undervalue assets & land banking mah!

Most importantly it share good dividend with minority shareholders mah!

Do not be stingy lah!

Theme park ticket where got expensive leh ??

U look at SPORE & USA theme park prices so much more expensive mah!

Very steady mah!

The principle of short term pain....long term gain mah!

China can have long term unlike the west always short term loh!

Collection opportunity mah!

Remember this loh.....increasing share price & potential improving of profits will sucked in many innocent & naive investors to buy into a stock with corp governance problem like hengyuan ( U all should learn the lesson from Serba mah!}

If u like the prospect of refinery & strong crack spread and good oil price buying Petron is the answer, do not touch kon stock like hengyuan loh!

Remember this loh.....increasing share price & potential improving of profits will sucked in many innocent & naive investors to buy into a stock with corp governance problem like hengyuan ( U all should learn the lesson from Serba mah!}

If u like the prospect of refinery & strong crack spread and good oil price buying Petron is the answer, do not touch kon stock like hengyuan loh!

Very steady accumulation mah!

Alerting people about devious HRC kon....is annoying meh ?
It is very noble mah!

Msia have too many schools mah!

Better sell some of the school for commercial, residential & industrial development loh!

Just run the school 2 sessions we can free up 50% capacity of all msia school mah!

And save free hundred billions for msia mah!

The naive need General Raider to protect them in kon HRC stock mah!

Insas kon meh ??

U go ask sifu sslee whether insas is kon or not mah!

Very important the naive do not get kon in HRC mah!

Very viable once the loan is restructure with haircut mah!

The Crude oil price very high augur well for sapnrg going fwd loh!

Alot of wealth can be created mah!

The swap is just an excuse for HRC msia to kon & siphon money for its parent in china mah!

Posted by hng33 > 27 seconds ago | Report Abuse

What is use of long term contract signed between hengyuan and shell malaysia, which just renew last year for another 5 year until 2026?

Almost of hengyuan refine are to supply to shell malaysia. It is mean for steady supply contract in which hengyuan only need to focus hedge its raw crude cost in meet expected refine price payable by shell malaysia, which in turn shell malaysia need to hedge it input refine cost based on mogas singapore to meet its selling retail price to end users.

Hengyuan need some refine margin swap as it currently export unqualified non euro5 dissel to oversea to swap by import qualify euro5 from oversea, to supply to shell malaysia

Hengyuan is a kon stock....it is raider responsibility to alert the naive from being kon mah!

Lu tau boh ?

No way mah!

0.05 sen cannot happen mah!

Just remember this true profit potential of sapnrg loh!

Do not listen to all these naysayers loh!
Sapnrg is highly undervalue mah!

If there is no fire sale it is worth alot mah!

How do u value Sapnrg potential gain leh ??

1. Current sapnrg share price 5.5 sen @ Rm 879m.
2. Restructuring rebate from banks frm 3.6b or @ 22.5 sen ( base on 35% haircut)
3. Revaluation of OMV 50% share gain of Rm 5.0b @ 31.5 sen
4. Conservative Min wealth creation of sapnrg is Rm 8.6b loh or 54 sen mah!

Remember there are also hidden value in Sapnrg drilling & EPCC business & assets not taken in value here mah!

If we account for this, another potential of 30 sen loh!

Thus sapnrg should be 84 sen fair value loh!

Bcos of uncertainty we discount this 84 sen value aggressively by 70%....thus target price should be at least 25 sen loh!

That will give u a potential massive gain of 19.5 sen....or 354% if u buy sapnrg at dirt cheap at 5.5 sen mah!

Very big profit potential in sapnrg loh!

If 4 sen....raider will mortgage underwear to sapu loh!

Inventory write down on Russian crude a device for sapu money loh!

Derivative of various products another devices to sapu money from HRC mah!

Lu tau boh ?

Good choice loh!

Posted by supersinginvestor > 3 minutes ago | Report Abuse

I am a buyer and all in petronm

Win or break...
Wakakaka...
Lets see if my call or wrong..i betting on the right side...

Exactly a potential opportunity to cheat & abuse bcos the hedging is opaque route to friendly 3rd party spore to act as a shield to hide....siphoning of cash or profit from hengyuan mah!
Posted by probability > 13 seconds ago | Report Abuse

why is it so difficult to understand or accept this model?
....................................

HY is just hedging monthly (full cost & revenue as market crack spread) so that they secure the margin as they refine and sell.

The close the hedging by next month and hedge again for the next coming month. They hedging margin lags 1 month from reported crack spread.

at any point of time, their hedging contract value will always be the 1 month swap margin contract will be their monthly throughput value (3.5m barrels).

HY PAT basically lags 1 month from the crack spread chart.

Q2 PAT will be exactly what we see for th3 3 months ( March, Apr & May) instead of (Apr, May and June).

Red alert loh!

An indication of potential abuse thru related party transaction loh!

An opportunity to siphon money under this scenario loh!

Posted by hng33 > 9 minutes ago | Report Abuse

Refinary swap margin ia for hengyuan to buy dissel euro5 form oversea presumbly from its parent china hengyuan, to supply to Msia shell.

Refinary margin swap is to based on singapore mogas in which shell malaysia payable to hengyuan against input cost source from china refinary.

Usually the unhedged position with an average Crack spread at USD 10 for Petron....can make at least profit of Rm 200m or eps of rm 0.74 pa mah!

This can easily support Petron current share price mah!

Do not forget the future crack spread of USD 10....is actually the lowest in december 2023....the current crack spread now is as high as USD 33 mah!

Lu tau boh ?

Correct loh....price up % is more powerful than volume % increase if profit is the major consideration mah!

This bcos raider veli veli confident can make money mah!