360 Capitalist.......you have my vote.......

Please apply FutureEyes article 'Hard Datas' calculations to HRC 1st QR report.........
For your info....Brent crude prices (from Bloomberg) as at
30/12/2016 USD 56.82
31/3/2017 USD 52.83
30/6/2017 USD 47.92

1st QR Brent crude price decreased USD 3.99 bpd
2nd QR Brent crude price decreased USD 4.91 bpd

HRC 1st QR EPS 93 sen.
HRC 2nd QR EPS ????? ( Only HRC finance guys will know the important key price
datas to input for profit estimation)

To predict HRC EPS at 19 sen is way off the mark. And from FutureEyes analysis, he is a smart guy. Why throw so much red herring to unsuspecting amateur investors like us.........

I will quote following forummer's comment .......


Jupiterang> If i'm a shark with insider news, here's how I will run the monkey show...

Before a Good News out, I create a panic sell to collect. When Good News out, Market will panic buy at high. I sell sell sell...

Before a Bad News out, I create a panic buy to sell. When Bad News out..kaboom! It's none of my business as I have already sold all my holdings...

All still remember how atta, lbalum, comcorp, Prelexus rose up by panic buying and crashed after Bad News out..

Do not chase high..
10/08/2017 14:30


Good luck for all those onboard HRC ship........remember Sifu Raider's advice dumb dumb hold........
12/08/2017 12:22

Anyway, please apply above article calculations to HRC 1st QR report.........
For your info....Brent crude prices (from Bloomberg) as at
30/12/2016 USD 56.82
31/3/2017 USD 52.83
30/6/2017 USD 47.92

1st QR Brent crude price decreased USD 3.99 bpd
2nd QR Brent crude price decreased USD 4.91 bpd

HRC 1st QR EPS 93 sen.
HRC 2nd QR EPS ????? ( Only HRC finance guys will know the important key price
datas to input for profit estimation)

To predict HRC EPS at 19 sen is way off the mark. And from FutureEyes analysis, he is a smart guy. Why throw so much red herring to unsuspecting amateur investors like us.........

I will quote following forummer's comment .......


Jupiterang> If i'm a shark with insider news, here's how I will run the monkey show... 

Before a Good News out, I create a panic sell to collect. When Good News out, Market will panic buy at high. I sell sell sell... 

Before a Bad News out, I create a panic buy to sell. When Bad News out..kaboom! It's none of my business as I have already sold all my holdings... 

All still remember how atta, lbalum, comcorp, Prelexus rose up by panic buying and crashed after Bad News out.. 

Do not chase high..
10/08/2017 14:30


Good luck for all those onboard HRC ship........remember Sifu Raider's advice dumb dumb hold........

Above article datas are biased.....................

HRC main product is gasoline, why use jet fuel kerosene futures to substantiate your figures..............

Why use 26th June Brent crude prices when 30th June is the month end and is on Friday, a trading day. The pricing differential is already nearly USD 3 per barrel for that few days of trading.

Got to go back to work, will work out the details later.....but for sincere investors, please double check the data and don't follow blindly.

Look at HRC chart before and after 1st QR announcement...............

Those who have no news will queue for better prices........those with info will just grab before it is too late.........

Coming QR must be very very very good...............this kind of market also got so many buyers rushing to buy.

What are the news they know that we are unaware of ?

Hmmm......RM7.50 support strong. Looks like I can forget about collecting it at RM7.15 support line.

Paid yesterday.....news available at Malaysian Insight

In all investment decisions, profitability and payback period are important considerations........How much does it cost to build a 150,000 bpd complex refinery in Malaysia? Petronm have to incur RM6.2b just to add 60,000bpd refinery capacity. So for HRC capacity, we can safely estimate to cost RM15billion.

Assuming HRC net profit is RM1.2 billion for 2017, which works out to EPS of RM4. How long does it take to payback the investors of a new refinery? We are very happy with the current profits that were being generated, but for refinery investors, unless national strategic considerations are factored in, current profits alone at such crack margin spread may not be enough to push them to build new refineries.

Current crack spread may be the new norm moving forward.............

林俊松 Hate myself for not buying enough at RM7.96 last friday, today have to sapu at RM8.20~
07/08/2017 09:18

You are not the only person facing such agony ........sob sob

Wow...smarttrader2020 gave 4 examples of refinery with average PE of 6.58 and says Hengyuan have no more upside,..............

So if we assume HRC 2017 EPS at RM2 ( 1st QR already 93sen) , RM2 x 6.58 is RM 13.16

No more upside meh!!!!!

Singapore Mogas 92 Crack Refinery Margin just hit a new high yesterday.......http://www.cmegroup.com/apps/cmegroup/widgets/productLibs/esignal-charts.html?code=D1N&title=JUL_2017_Singapore_Mogas_92_Unleaded_%28Platts%29_Brent_Crack_Spread_&type=p&venue=0&monthYear=N7&year=2017&exchangeCode=XNYM

You are wrong ColdIce ........ we are listening and waiting for the moment to add

Good for us to accumulate.........

Good one 360 Capitalist......

That's why the sifus kept repeating.......dumb dumb hold. But the smart students love to take profits ...........this will be their 'lesson fee' in share investment. HAHAHA

You will regret it speakup.......dumb dumb hold. I am still adding. Too bad, PBB doesn't allow margin purchase for this stock since last week

This is just crazy........before 2nd QR result announcement already like this.

Amidst all the euphoria and kind words to OTB and KYY for initiating the strong uptrend, I would like to thank below sifus for their selfless sharing. It is from their sharing that I have decided to put in balance available funds 'ie almost Sailang' into Hengyuan even before OTB put up his important recommendation :

1) Probability ( Most knowledgeable sifu in HRC)
2) Stockraider ( Very pragmatic knowledgeable )
3) Icon888
4) Paperplane
5) mincai & Yes666 ( for your tips)

Thank you very much!!!!

'Dump' is an exaggeration......they are selling some production from excess capacity. However, the refinery crack spread margin still improving, showing demand increasing more than supply.

Solaris80....any idea when Annjoo's other sword back to operations?

http://www.themalaymailonline.com/malaysia/article/malaysian-billionaire-under-scrutiny-in-australian-retirement-home-scandal.......................How to make money with such people at top management? Just forget about Mulpha.

谢谢 Sifu Liew Tatyang 的指点。

Mdm Choo......what news your husband heard of to take such a gamble? Can share? Insas is deeply undervalued, can invest. But we have little control in its price direction. If you enter at wrong timing, could be a trap as this stock seldom priced at fair value. Don't think of exiting when it reaches fair value, you are likely to be trapped by then.

Thanks for the article paperplane. Very reassuring. However, be prepare to hold Annjoo at current price level for awhile till Mr Shark decide to move it.

Ahhhhhhh.......enlightenment. So Paperplane trade against idiots who believe his messages by getting them to sell so he can collect ??

Good observation bumperProfit88......

Lionind signalling correction over for steel counters......brace for next upleg to its fair value.

Correction should be over soon.......time for next round.

Good observation from Leoting

ilovehits, if that is how you interpret financial data. Suggest you quit the stock market. Just invest in property safer.

This is just to force weak players to sell at below 3.19 . No worries. Got trapped before by such tactics. Painful lesson though

WE shld be QR

Well done babypos85, I bought too early at Rm1.08. Anyway, Parkson loss is expected, why the big hoohah? All focus is on Parkson loss, resulting in such a steep correction. Looks like we ikan bilis are being played.
The correct question to ask is how much more is the steel division earning? Is it more than Parkson incremental loss? I expect the this WE to be better as the steel division is running at full swing.

Furnace issue can query tomorrow at AGM.

Impressive as it is, still no dividend. Sigh!!!

KhooTinHo, local funds doesn't sell in such a manner to lock in profit .........The fund manager will lose his job if that is his reason for causing the price to go red in the back of such excellent P&L

Of course there will be some people who would like to take profit when results announced. But is it logical to exit the market with price coming down on the back of such good results. Even for large shareholders, one will allow price to rise on back of positive market sentiment and exit gradually to maximise profit. But today, we saw price crashing down. It is abnormal. Someone is pushing the price down to shake off weak holders. Just my take of the situation. Since I can't fight it, might as well take advantage of it.

I bot at this morning market opening..........still smarting from losses for today.
Have been looking for answers to today's price movement.
After thinking through, have started to add to my purchases from 4pm onwards. Why?

What's happening? Contra players this morning got trapped?

Sigh......Profit taking amidst good news. They will come to regret it in a couple of days time

The diluted EPS of 11.84sen is arrived based on the assumption that all RCPS are converted to mother shares. Since it is just an assumption, 14.77 sen is still the actual EPS.

By the way, the award of 17million shares to directors and staff will have a 3.1% dilution effect to the value of Ann Joo.

We will have a good idea of the support lime after this correction. Will use it as a stop loss level for next uptrend. Cheers

Pls go down some more......waiting to accumulate below 90 sen.

Good suggestion Contrarian. After that sell this company by piecemeal, since sum of all parts is > 3 times its share price. So Leno are you in? Since you got veri veri deep pocket and you can stop shouting for 2 Ringgit. Go for 3 Ringgit.....HAHAHA

Thanks to paperplane2016 and Stockmanny for highlighting Lionind management issues. Will take heed after painful lessons in the past for failing to act on similar management issues from well intention forummers.

Agree with ks5s....It is not often to have the opportunity to invest in turnaround stories. Especially if it is industrial wide and with a high certainty of fruition. My internal value for ssteel is RM3, base on an annualised EPS of 30sen at PE10. However, this personal value will change with market conditions and as we progress along with each quarterly earnings report. These steel plays are to me a defensive group of shares in the event of an unforeseen market crash and, its share price will be well supported by profits and dividends, unlike most stocks being touted currently in the market with flimsy M&A deals, contracts or whatsoever. Cheers

Slow and steady price increment. Looks like funds are accumulating.

The conversion price from Annjoo-PA to mother share is RM1.80 , however, RM0.50 was paid upon issuance of the Annjoo-PA, so balance need to top up is RM1.30. Annjoo-PA holders also enjoy 5% interest payment on the RM0.50 par value, which works out to be 2.5 sen per year per PA, payable twice yearly. So I am expecting to receive my first interest income of 1.25sen per PA within the next couple of months. Cheers

Just sold Ann Joo at RM3.17 and bought AnnJoo PA at RM1.70. Will convert AnnJoo PA back to mother share later. Confirm gain of RM 500 for every 10000 shares arbitrage.