Posted by YLR33 > 2017-07-30 21:24 | Report Abuse

the inventory avg 30 to 40days (page59 AR2016) say 36days, the stock lost will double to 82.5M.

Posted by YLR33 > 2017-07-30 21:27 | Report Abuse

on 21 june 2017, USD 10m or rm43M paid to the new term loan 200M taken dec16 (p13 Q1'17)

Posted by YLR33 > 2017-07-30 21:30 | Report Abuse

if draw a USD$8.25 line to the crack spread chart, it is appopriate, i would nat said it is a conservative assumption

Posted by YLR33 > 2017-07-30 21:35 | Report Abuse

assume operating cost & financing cost (for old loan) same as Q1, add in the additional stock lost and finance cost mentioned above the eps for Q2 is 39sen

Posted by aaa888 > 2017-07-30 22:57 | Report Abuse

PE 4.03 times only. No brainer BUY!

Posted by YLR33 > 2017-07-31 06:06 | Report Abuse

https://www.quandl.com/data/CHRIS/CME_1NB1-Singapore-Mogas-92-Unleaded-Platts-Brent-Crack-Spread-Futures-Continuous-Contract-1-1NB1-Front-Month

from above chart, year 2015 crack spread higher than year 2016, and is higher than 2017 first half, so the net profit for 2017 may not be so high as forcast

i still figure why Q3 2016 earning is negative, will post when have time and get it

Posted by aaa888 > 2017-07-31 06:29 | Report Abuse

Hengyuan already posted 2 excellent QR, now crack spread is even higher, will post high profit soon! I'll buy below 7.2!

Posted by YLR33 > 2017-07-31 06:38 | Report Abuse

higher crack is Q2 2015 is USD18, go read the chart, now the crack no way near there yet

Posted by int123 > 2017-07-31 06:43 | Report Abuse

YLR is typical over-think investor type, keep research research and study and ended up find all the weaknesses of the company (no company is perfect). Most importantly they NEVER invest in company due to overthink. So that they can't make money too. Hengyuan PE @ 4x. Pls go study Asian refiners, who have this kind of low PE.

YLR do ur homework la don keep waiting to spoon feed, Q3 2016, the crack spread was keep slumping down that period, after that recovered so that profits were excellent, and now the crack spread breaks new high.

Break RM7.6 today, without YLR! ON YEAH.

Posted by lsj89 > 2017-07-31 14:35 | Report Abuse

Sharp rise for 93sen!, should we worry about it? I

Posted by YLR33 > 2017-08-01 05:12 | Report Abuse

i own the share that why i research on this share, lol

Posted by YLR33 > 2017-08-02 05:38 | Report Abuse

3 risks to consider before investing in Hengyuan
Author: boostmy | Publish date: Mon, 31 Jul 2017, 01:36 PM


thank you boostmy, your sharing answer my quetions

Posted by YLR33 > 2017-08-02 05:40 | Report Abuse

research more on share you own before load up more is not over-think type, luckily i done that