Well done. Let those give false news regret when HYC shoot to rm18. Their agenda behind is to collect low by spread the false number. Low life like calvintaneng sochai
it's ok, at least futureeyes is providing a perspective, though he must defend himself in his next post. Market only exists when there's a willing buyer and willing seller =)
1) is refinery margin the same across all countries? Petroleum products are international commodities so the price is almost the same across the worldwide markets. You can cross examine the crack spreads-3-2-1 against Q4'16 & Q1'17 results.
2) If Q1 is yes, then how to explain the discrepancy of Indian Oil? Revenue rose by 19% and exceeded analysts' expectations...
Reference.. Standalone net income for the quarter ended in June was 45.49 billion rupees ($715 million), compared with 82.69 billion rupees in the year earlier period, the company said Thursday. That exceeded analysts' expectations for a profit of 30.63 billion rupees as the quarter included a write-back of 28.08 billion rupees previously provided for the settlement of a tax liability in the northern Indian state of Haryana. Revenue rose more than 19% to 1.29 trillion rupees.
After I read futureeye report of 19sen q EPS with the panic sell this morning, I am full gears loaded up HRC from 7.50... HRC next q result shall be approx...91sen...Not 19sen...
I am more conservative, give 20% discount from RM1, coming quarter EPS 0.80 happy enough, then Q3 EPS 1.00, Q4 0.70, 4Q EPS 343 x PE4 = RM 13.70.... to me very good oredi.... but if can hit RM15++, RM18++, RM22++ like other sifu predict lagi lagi bagus la....hehe..
John lu, the above article will answer your question, the results actualy comparing year on year instead of qtr on qtr , yoy there is s huge inventory write off difference while for qtr on qtr not much
Poor market sentiment affecting share prices --------------------------------------------- (7/8/2017 5.19pm KYY advised those who have sold to buy back. Those who have spare money, Hengyuan is the best buy and those owners of Hengyuan not to sell too early.)
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Posted by LA777 > 2017-08-14 09:44 | Report Abuse
360Capitalist, well done!