Past two weeks have seen about 60 Millions or over RM one Billion Value changed hand. Probably end up with mostly stronger hand now. Once the weaker holder diminished, that would be ready for next surge ahead. Sit and hold tight tight now.

https://seekingalpha.com/news/3321068-u-s-energy-infrastructure-faces

Please read attached. Could be good news for HY coming soon.

Rather close, Q4 should have EPS more than RM 1.00 conservatively.

PE 8 to 10 for HY should be reasonable. Hence, TP at RM 30.

Most important factor is crack spread whereby sustainable due to lower investment on refinery last few years.

Your view is valid only if KYY asking for PE 30. Anyway PE 8 to 10 is reasonable for HY which would translate to TP about RM 30.

My stock pick for 2018 as below;

Hengyuan -- 30%
JHM -- 30%
Hibiscs -- 10%
LeonFB -- 10%
Insas -- 10%
Scomnet --10%

Thank You

Probably due to some "Local Fund" that take profit in order to show a good book for FY2017.

Congratulation. Stay put when you are right. Ignore the noise.

Hengyuan-CB is among the best due to low conversion ratio, hence high gearing at 6 only.

Crack Margin for Q4 is even better than Q3.

Overtook Petron on schedule

Excellent results at EPS RM1.20. Congratulation to ALL. Let us see how much price jump on Monday. Cheers !!!

Good price to buy now. Minimum risk but plenty of opportunity at this cheap level.

Hengyuan's price may overtake PetronM soon.

I still recalled, another "not so clever" EPF keep selling until share left near to 5% about 12 months back. That was "coincident" with lowest price created at less than RM2.00. Price surged from the lowest to current level in less than 12 months.
Now, the "Not so stupid" ASB keep selling until share left near to 5%. Is it repeating the similar history soon?

Still good price at RM9.00.

Good article. Thanks

It is good report that describe the glory history. It is more important to predict the future winner or next Inari in order to make super profit.

Good article. Any comment on HY hedge on the crack margin?

Pohuat is still cheap. Yet its W having discount some more.

Petron is good. Hengyuan is better.

Agreed with your analysis. briantc14. The biggest winner goes to patient, waiting and let the profit run continuously.

Additional growth engine on Revenue and Bottom Line from the acquisition. Good.

Good deal on acquisition. The number of share only up by 6% but profit guarantee itself would boost up profit by 25%.

Interesting Report. Thumbs up

Good buying price now at 3.05.

I just made bank transfer RM500. Hopefully help a little bit.

LCTitan's Q3 bottom line may not be better than Q2. Q3 Naphtha/Ethylene spread with PE's price is even worse off than Q2.

Falling knife. Dangerous

http://www.klsescreener.com/v2/news/view/276527

Hengyuan's price may overtake PetronM within 3 months time.

Q2's result at RM80m profit have factored in inventory losses around RM100m, Forex losses and about 3 weeks scheduled maintenance losses. Despite these, EPS at 28c. If you are taking the almost worst case 28 * 4 = RM1.12 EPS with PE 8, that would still be RM9.00. What king of profit you expect in Q3 and what is the right value for Hengyuan? It is already written on the wall.

CIMB's TP at RM8.50. Wow !! Imagine how much CE, CF and CG worth at RM8.50?

LCTitan-CE is especially interesting now !!

All institution is recommending to buy this share with TP range from 6.50 to 7.80. Also Q2 poor result was due to one off event. Q3 and forward result should improve and may be normalized at EPS/Q at slightly over RM0.20. Hence, it is consider fair TP level and achievable within 6 to 9 months time frame.

CE is still the best lowest conversion price and ratio. At 5.5 and 3 to 1 respectively. Theoretically every 30s mother share up would bring up CE by 10 cents.

Good Article. Conservatively Q2's EPS should be over 70 cents.

TP by bank at RM7.80. You get much bigger gain percentage on CW such like CE or CG.

CE and CG would be better bet

Good level to add now at 7.50.

Q2's profit should be rather close to Q1. Any dip is good opportunity to top up.

Just want to add a point. Current scenario is unlikely to attract new investment into the distillate plant, hence existing cracking plant is going to enjoy good margin for long period of time.

Very professional write up. Just want to add a point. Current scenario is unlikely to attract new investment into the distillate plant, hence existing cracking plant is going to enjoy good margin for long period of time.

Consolidation is almost completed !!

OTB just added Hengyuan into his promotion list.

Engine just started. More to come.

Good article. RMB is coming.

To this guy, China would crash continuously and USA would go heaven. Hence, all his comment on USA and China need to be filtered.

Crude oil price going down would have one time inventory value losses that would affect the profit. Nevertheless the positive for HY Refinery is lower process cost and strengthening Ringgit in Q2. Moving forward in medium term, refinery operation would not be affected by crude oil's price fluactuation. The crack spread is the bigger factor that affect the profit.