>>>So to me, 2Q17 wasn't great but a decent quarter, especially the company's operating cash flow remain strong and has turned net cash in this quarter (RM90m). This is a different animal as compared to Hengyuan, which has huge debt and has no stable and profitable retail biz. So pls don't make stupid comparison without differentiating the 2, just like I never expect Petronm to trade up to PetDag's 25x PE. <<<
PRECISELY THE ABOVER ARTICLE IS CORRECT LOH RAIDER'S SIFU SENIOR ANALYST ADVICE, JUST IGNORE THE NOISES AND FOCUS ON THE FACTUAL GOOD RESULT LOH...!!
Raider after discussing with sifu senior analyst enclosed herewith my sifu recommendations on HRC;
1. My Sifu says no need to panic after all HRC is undervalue stock with PE 4x or less basing on EPS of Rm 2.00. Should hold out well, even if PNB aggressively dispose loh....!! But if u cannot afford to hold, set defense by selling only, once Rm 8.00 is breached.
2. PNB only sold abit around Rm 8.30 level less than 100k share, look like, they also know good the value of HRC loh...!! They will only dispose slowly on way up to maximise return loh...!! So do not expect it to aggressively sale loh..!!
3.Some of call warrant investment bankers, may decide to buy more HRC to hedge ,thus this will give good buy support for HRC loh.!!
4. HRC is expected super record earnings in 2017 with eps exceeding rm 2.00 compare to the previous eps historical record of rm 1.74 in 2005. In 2005 the price range of HRC is Rm 8.50 to Rm 12.30 mah..!! Today HRC price is only Rm 8.50, and with EPS exceeding Rm 2.00, thus should be able to support current share price & even got chance to appreciate over & above rm 12.30 in short term loh...!!
5. The crack margin now is usd 12.80 per barrel compare to 2005 crack margin historical record of USD 7.50 per barrel, this will ensure sustainable growth is eps of HRC loh....!!
6. Before PNB soldown, there is a substantial increase in volume, indicating alot of interest in HRC, thus should be able to absord good amount of selling pressure.
Conclusion
Raider senior analyst say best strategy is to hold tight and monitor the Q2 result, which expected to be good in a few days loh, do not be afraid of PNB selling bcos it is just a temporary noises loh...!!
Go for longer term investment raider's sifu senior analyst advice, bcos u cannot find such a good performance company, like hrc trading at undemanding low prices currently loh...!!
Good Luck !! Cheers !
BTW THE Q2 RESULT OF PETRON REALLY GOOD SHOULD BENEGIT HRC TOO LOH..!!
Posted by 3iii > Aug 24, 2017 09:03 PM | Report Abuse
>>>So to me, 2Q17 wasn't great but a decent quarter, especially the company's operating cash flow remain strong and has turned net cash in this quarter (RM90m). This is a different animal as compared to Hengyuan, which has huge debt and has no stable and profitable retail biz. So pls don't make stupid comparison without differentiating the 2, just like I never expect Petronm to trade up to PetDag's 25x PE. <<<
Fair write up with your assumptions well argued.
RAIDER COMMENT;
NOT TRUELOH...!! IN 2010, HRC TRADE AT RM 10.40 TO RM 11.00 WITH EPS OF RM 0.375 PE 30X EXCEEDING PET DAG CURRENT OVERVALUE PE 24X TODAY LOH...!!
WHY HRC, GOT SUCH SUCH A GOOD RATING AND HIGH VALUATIONLE LEH ?? IT IS DUE ANALYST VALUATION CONFIDENCE AFTER FEW YRS OF STEADY EARNINGS LOH....!!
THE SAME CAN HAPPEN TO HRC AND PETRON, WITH GOOD EARNINGS AND DUE FOR STRONG RERATING LOH....!!
Petron group had a 45-day maintenance shutdown. That could have occurred at its Bataan refinery. If shutdown were at Petron Malaysia's refinery, would revenue have gone up?
Posted by happy888 > Aug 24, 2017 11:17 PM | Report Abuse
And i remember exactly 1 sifu who promote like no tomorrow that petron is heaven made. The next day when it drop... that similar sifu come out and say this... this incident should serve as a lesson to investor to never chase high and hype. Somemore add salt to injury bcos i buy at the opening of 8.91. Tiu lar. I kena before. If u r true investor... wait. Dun kena like me. If drop kaw2 tomorrow dun say u r not warned.
If u untung then good lar. I am happy for u. Invest stock is to earn. Not get trap at highest peak then kena ejek by the same person who put u up there.
LIKE THAT ALSO SCARE....BETTER STAY & REMAIN IN THE HOSPITAL LOH...!!
PETRON 6 MTHS AGO SHARE PRICE WAS RM 6.25....!!
3 MONTHS AGO WAS RM 8.20 MAH.....!!
TODAY RM 9.29 LOH.....!!
YA...TOMORROW SHOULD GO UP LOH....!! BCOS GOOD RESULT MAH....!! MOST SELLER WANT TO SELL ALREADY SOLD LOH...!!
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Flintstones
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Posted by Flintstones > 2017-08-24 20:55 | Report Abuse
Hehehe. Now waiting for Jay sifu to come out and enlighten us.