Posted by hng33 > 4 hours ago | Report Abuse

Shell on 3 Mar declare termination tie to use any Russian oil, but Hengyuan may already order Russian crude ahead. Since Hengyuan have 5 year supply contract with Shell, it need to write down these crude and source from other crude supplier to meet 17% shortfall. The 17% crude source from Russian can be already in store tank or on shipment, Hengyuan need to sell these crude oil outright later without refine it to process fuel/gasoline/diesel.

These is one off case, its will NO repeat in next Q.

Remark: from hengyuan last year annual report, it source about 17% crude from Russian

Posted by hng33 > 4 hours ago | Report Abuse

The inventory loss incur in Q1 result is due to hengyuan source 17% crude oil from Russian. Hengyuan have last year renew 5 year extension to supply refine product to local Shell station. Shell have opt to cut tie to use any crude or refine produce source from Russian, these have resulted hengyuan force to written down these 17% inventory, replace with spot crude oil from other source.

Is hng33's statement not valid?

Thanks for your sharing, @probability.

Hello, is Petron's Q122 - 230,011,000 loss on derivative a typo? comparing to 25,737,000 in Q12021? The figures do not add up to the PBT nor the cash flow statement figures... Anyone with accounting profession could explain that?

Hi Investing_Bursa,

Thank you for your sharing.
How do you see the effect of foreign currency swaps and forward contracts to Hengyuan?
From the annual report, it seems that strengthening of USD does quite a bit of damage to the PAT.
Will its impact bigger than the impact caused by commodities hedging in current year?

Hi randomwalk, thanks for the updated info and estimated result announcement date.
4) UG Healthcare - UGHC SP (likely 2nd week of Aug), UG Healthcare will announce their result after trading hours on 11Aug20.

Why GCB dropped so much?

FAIRnREASONABLE and RVI123, should it be if they acquired 90% of shares and warrants, they are good to go ahead with delisting?

oh yeah

It is being re-rated right now.

The LT borrowing increased significantly. However the inventory dropped quite a lot too... No idea how the balance sheet balanced itself...

what is the catalyst?

jctp2000, isn't that HDD is being used in cloud storage?

Thanks for clarifying, I see what you mean here. I think JCY only has 25-30% of world market share for the HDD components they supply.

Hi bankertan, where could I find the information about "Jcy is now the largest hdd component maker in the world with WD and Seagate getting 80% of their hdd components from Jcy"?

Market sentiment is not good.
JCY posted a normal result backed by strong cash flow... Another half year waiting would be needed before the spring could come...

The share price performance does not indicate a good result's reflection... What would be the reason? Illiquid public spread?

I would think that the money right from right issue is more directed to paying back the short term loan.

sage, correct my question a bit: what is the main reason JCY will suffer loss / be unsustainable in the next few quarters?

sage, what is the main reason JCY will suffer loss in the next few quarters?

lohman, I just found out that JCY management is quite consistent in their future quarter result forecast on most of the release quarter reports, of course with usual phrases/terms that a CEO would articulate.

Concur lohman's point of view... I would anticipate inventory built up in JCY's coming result, as of how much customer is pulling from the inventory and made payment... only someone worked in JCY would know...

leo218, it was called "core net loss" - loss from operation.

how much vs industry can make by producing one keurig coffee machine?

Yes, I have read it. Mr. Koon. It seems like a little bit more patience is needed before the recurrent income from power generation can come into fruition.

From the news posted by johnny cash, it pointed out that "Wong said the first unit would be commissioned by the third quarter of this year, and the other three units to be commissioned in stages soon after."
Does it refer to year 2013 or 2014? Is that a copy paste from old news in 2013 or it is a fresh interview with COO James Wong?

Is there any particular points about MUDAJAYA?
Mainly due to the potential recurrent income generated by power generation concession? What is Mr. Koon's view on the corruption rumours?

for this counter, buy warrant or buy mother share better?

Mentioned about global semicon sale, it has been consecutive sales growth globally, who are the benefiaries?

Are you working in mpi?

Unisem has strong cash flow as well. Just for short term purpose the current ratio is not that appealing. 3 years into Pn17 may not be easy also, it takes time to depreciate its asset.
I thought unisem and mpi having more or less the same product line with mpi? Probably the porpotion and product quality is different...look forward to see mpi result as well. I heard that there were product material rejection issues by both unisem and mpi's customer, not sure how true it is...

Why the are much difference between unisem and mpi?

Close down unisem europe...

Close down of unisem and vss in pt unisem. What other bad news is coming in the pipeline?