Good timing👍

Pls don't LU. Still got ~ 3 weeks till results announcement.

It is gasoil, gasoil and gasoil................ Still there are people/analyst using Mogas 92 crack spread as the basis for HY profitability.

Can't you see it is a sarcastic post. Most eediotic comment and screwed up post by yourself

BobAxelrod

THIS IS AN OPEN FORUM. YOU SHOULD STICK TO POSTING YOUR FACTS AND FIGURES.....POSITIVE OR NEGATIVE.....NEVER TELL OR ASK PEOPLE TO BUY OR SELL.......LEAST OF ALL TELLING PEOPLE TO GET OUT???? WTF!!!!
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Didn't you say this is an open forum. So WTF you telling me what to post.

For those who can't see and want to sell, please do it ASAP.

Sslee

Why can't people understand that HRC is an oil refinery and their profit depend solely on refining margin unlike Hibiscs solely depend on crude oil price movement.

So what is your fundamental assesment on refining margin moving forward?
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Shortage of refining capacity is a structural problem and these type of problems are difficult to resolve within the next couple of years.
High refining margins will continue in the near future.

Sslee

Why can't people understand that HRC is an oil refinery and their profit depend solely on refining margin unlike Hibiscs solely depend on crude oil price movement.

So what is your fundamental assesment on refining margin moving forward?
-----------------------------------------------------------
Shortage of refining capacity is a structural problem and these type of problems are difficult to resolve within the next couple of years.
High refining margins will continue in the near future.

Posted by stockwin > 1 hour ago | Report Abuse

Why is Hengyuan head south despite an explosive set of Q2 2022 result?
Imagine an EPS of RM222.49 per quarter and yet the share price tank instead of going limit up! I believe the reasons for the dismal share performance are :
1. The investing public are not convinced of the sustainability of its profit.
2. The monster RM1 Billion "other comprehensive Income /expense " item in the P&L which very few understand and very difficult to be convinced.
3. The worry in the investors mind is that the Q3 2022 PAT could be RM3, but the monster in 2 above could swell to RM2 billion? At end of the day the high EPS might not be enough to cover the monster item in 2 above.
4. No IB wants to touch the stock. Not even one is covering the stock now !
5. I am told we have sifu here who is a remisier is unable to convinced his own broking house to cover the stock. How is he going to convinced others to buy this Gem ??
6. The promoters are arguing with a wall of non believers who have differing views and seems to have different agenda.
7. The company is not interested to engage the shareholders and the investor relationship department is non existence.
8. To be fair , the overall market is shitty, and any good stock also face some kind of selling pressure.
Perhaps it is a blessing in disguise for the believers and knowledgeable to collect at cheaper prices and wait for another explosive set of result? Hopefully Q3 2022 PAT will silent all critics ? Meanwhile , hang on to the stock until end of November for a happy 2023.

----------------------------------------------------
Stockwin, with regards to your point 4

Before HY 1Q22 results, there is still some coverage by 1 or 2 IBs. However, after 2Q22 results, it is stone silence from them.

Do not be unduly worried by their silence, be very careful when they start coming out with beautiful reports after the price shot up.

Dear Stockraider,
I have lost all respect for you.
Just to prove your point, you can create stories out of thin air.
All I did was just to look up year 2013 Shell Refinery financial reports and the information is all there. They were doing hedging and booking derivative gains & losses into their financial accounts.
Next time you want to spin stories, cover your backside properly.

Dear Hengyuan shareholders, many forumers have pointed out to the 'poor fundamentals' of this share and shouted for you to sell.
If you have listened to their chest thumping sell calls and decide to sell, please do it fast.
The game can't start if you don't unload your shares.

Thank you.

Poisoning i3 forums won't bankrupt OTB lah, he got the skills to make money and know how to cut loss.
The only way to win OTB is you have to upgrade your skills and able to perform better than him.

For OTB haters, grow some balls lah............
You guys know where he works, go talk to him face to face lah. Stop poisoning this forum.
OTB already in his sixties and he is not a MMA boxer, so why so scared to face off with him?

Probability and Sslee, both of you have done a good job in educating us on HY financial derivatives. My many thanks to both of you.
Just hold on to your shares, there are greater forces at play in this counter.

probability > 34 minutes ago | Report Abuse

Reference:

worth spending 5 min to understand though the english is quite difficult to grasp. After 3 minutes into the overview, the main part comes and its easy to understand.

'When does Cash Flows Hedge Reserves (under OCI) gets transferred to P&L?'

https://www.youtube.com/watch?v=arCSncmfB8k
_______________________________________________________

Good sharing.
But most investors doesn't even know accounting terms like dr and cr. To ask them to view and understand the accounting entries is 99% futile effort.

Posted by UlarSawa > 10 minutes ago | Report Abuse

HY need high vol and high oil price and high margin to earn explosive result but subjected to hedging gain or loss leh. Can all the factors just happen at the same time for HY to enjoy the best result. Think lah. Macam kena 4d ini macam lah. Kena 3 nombor pun takda get any prize lah. Haiyoh. Correct?
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U only need High vol and high margin lah !!!!
After so much sharing and info presented u still don't get it kah ? Haiyoh !!!!!

UlarSawa

Yes. True also. If you dont sell how can the price go up Haiyoh. Correct?

6 seconds ago
______________________________________
Ha ha ha ........ Looks like Ular also knows the game that is being played.

Or are we being played by you ? : )

Ever heard of the common phrase among stock investors ........." The price went up after I sold" .................................................

Ahahah

We can’t do anything but waiting for syndicate to decide to move north or south.
___________________________________________________________________________
Just be patient.
Southern direction is just to clear pure chartist positions and scare retailers into selling.
North is the true direction.

That's why most retailers loose money, even when they have a good set of cards on hands.

stockraider

They already started siphoning mah....from gain of Rm 1.1b....now it is a loss of more than Rm 1.1b mah!

Do u know....more than Rm 2.2b....has just disappear ah from 2020 to 2022 todate now leh ?
_________________________________________________
Stockraider, these are serious allegations.
Since you are so confident of above repeated allegations, please file reports with MACC or Securities Commission of Malaysia.
Don't chicken out eh..............

Do not be surprised by the price drop after stellar results announcements. This is not the first time and won't be the last time. I have done enough backtest in the past with qtrly report verifications to know such situation happens quite often. Just hold on, you should be rewarded handsomely in the near future.

Thanks to probability & SSlee for all the information provided. People with functioning logical brains will know what and where to analyse and see the end results.

US Claims Iran-Linked Syria Strikes

American military chiefs have claimed it carried out Biden-approved air strikes on facilities in Syria linked to Iran’s Revolutionary Guard Corps to preemptively protect US troops from attacks.

The central command statement didn’t confirm if there were any casualties or whether the strikes, which took place in the western Deir al-Zor province, were carried out by manned aircraft or drones.

There are around 900 US troops in Syria at present, mostly stationed in the country’s eastern regions.

RT News

US Claims Iran-Linked Syria Strikes

American military chiefs have claimed it carried out Biden-approved air strikes on facilities in Syria linked to Iran’s Revolutionary Guard Corps to preemptively protect US troops from attacks.

The central command statement didn’t confirm if there were any casualties or whether the strikes, which took place in the western Deir al-Zor province, were carried out by manned aircraft or drones.

There are around 900 US troops in Syria at present, mostly stationed in the country’s eastern regions.

RT News

ty Y please stick to stock fundamentals.
Why are you trying to provoke OTB ?
Just leave OTB out of this forum.

https://markets.businessinsider.com/news/commodities/gas-prices-us-forecast-low-supplies-demand-oil-goldman-sachs-2022-8?utm_campaign=sf-bi-main&utm_medium=social&utm_source=facebook.com

So why are we using Mogas 92 crack spread for reference when Gasoil(46%) is the main product of HRC?

Thanks probability, your info is priceless.

When new facts and information are presented and one still stick to old views, you have a closed mind.

A closed mind is a dying mind.

Well done. Thank you.

When is HY refinery next maintenance schedule ?

investor77

If not wrong Refining capacity of HYuan is 2x PetronM. Capacity is 160,000 barrel per month if not wrong. As calculated above, Nett crack spread is USD 30/ x 4.4 =RM 132/ barrel x 160,000 x 12. Kindly correct if wrong !!

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From HY website, licensed for 156K bpd capacity.
Can produce up to 120K bpd.

Bobii Just read the page 13 summary enough.

This quarter sold 471k barrel of oil.

But they expect 4.6millions barrel full year.

Next quarter report (Apr-June) expect to sell 2,076,751 barrels based on Page 2 of the report.

2,076,751 barrel x 100usd x 4.4myr = Rm913 millions revenue

Next quarter is real show.
---------------------------------------------------

Good observation....... people who sold will regret later.

Also look at the footnote...... All offtakes in April and May 2022 was done at above USD 100/barrel

Yeah, operating profit probably range from RM100m to RM150m . The negative goodwill gain have to offset the additional admin and other expenses due to the acquisition

Pengerang refinery started operations last week.

https://oilprice.com/Latest-Energy-News/World-News/Asian-Refinery-Restarts-After-Two-Year-Hiatus.html

From the chart, no meaningful distribution. Results should be on the positive side. Will hold tight and let the profit run.

Morgan Stanley now sees Brent oil prices at $120/b in Q3 (up from $100/b), $100/b in 2023, and thinks oil prices could average $150/b for the remainder of 2022 in a " bull case"

https://seekingalpha.com/news/3814548-morgan-stanley-raises-oil-price-forecast-again

War may be over soon, but sanctions will remain indefinitely.

Penergy chart is opposite of Hibiscus.
Penergy is push up to distribute.

Just an opinion.

If you really need the price to move up fast, you can help by selling all your Hibiscus shares now.

Not to worry with this kind of price movement. Big big player haven't positioned yet.

Just be patient.

https://str.sg/wmKL
Putin announces military operation in 'Ukraine'.
Oil prices spiking up

Good sharing 'trader808' . From your sharing, found the reason why my chart is not showing signals consistent with such a 'highly profitable' and low PE stock.

Hibiscus Repsol acquisition provided USD78m dividend for 2021, which works out to be ~ RM80 million per qtr based on 2021 oil prices.

How much profit will it contribute to Hibiscus for 2022 ??? It will be reflected in Hibiscus P&L from next qtr report onwards.

https://wikileaks.org/wiki/Friends_of_Falun_Gong_US_990_Forms,_2001-2006

https://wikileaks.org/wiki/Friends_of_Falun_Gong_US_990_Forms,_2001-2006

https://wikileaks.org/wiki/Friends_of_Falun_Gong_US_990_Forms,_2001-2006

https://www.cityam.com/covid-death-rate-not-rising-swap-travel-restrictions-and-mass-hysteria-for-cautious-optimism-as-omicron-mutation-is-super-mild-variant-who-and-coronavirus-experts-say/

https://www.jpost.com/health-and-wellness/coronavirus/covid-1st-data-about-vaccine-efficacy-against-omicron-expected-tuesday-687392

Added support to what the South African doctors have been observing about the Omicron variant