Your red flags do not seem convincing enough. These are all your personal views without much evidence to support when those events are going to happen in future and to what extent its impacts on oil price in the near future. Even if it might happen in the next 10-20 years, the stock market cannot and difficult to discount that happenings in the next 10-20 years.
Changes of external auditor will matter a lot not internal auditor as it is common to have several internal auditors in the audit committee. Don't hold personal bias against all china companies and people, as an investor u should look at the facts and figures, not to speculate what your belief unless you obtain illegal inside information about the company!
I do admit small capital companies tend to be manipulated by some syndicates, but today you can see even some oil companies e.g. Petronm, Petdag, pchem, petgas... don't tell me all these companies are manipulated by syndicates!!!
Let's discussed one by one, these guys (epf and Amanah) went through the lowest price in the range of 2-3. When they sold the price was more than double. Does it make sense for them to sell? Secondly the stock no longer gave dividend since 2013. To funds like government epf and amanah , dividend is important as they are here for long run. 2 cent dividend is a starting point before they return to their previous glory
1)Shell sold a lot of asset since 2016 after purchasing bg gas. They have 30billion debt and was unmanageable. They sold asset around the world when oil price was 20-30 USD .
2) unless you stop pumping your car, shell will be around here. According to bp research next two decades are golden age for Asia oil until 2040 where ev may start biting in. That's 23 years from now. Most really don't hold more than 3 years , let alone 23.
7) resignation of one of the audit committees. Not unusual. They have secure RM1.7b financing from AmBank, CCB, Maybank . Do you think these guys will lend money to hy without looking at their books. We are talking about billion.
6) 2 Sen dividend for earning Eps. Clearly you don't follow what is happening in hy. They are undergoing a major upgrade in 2018 and prevent further shutdown in 2019. They need money to invest and therefore a loan from bank. You don't give big angpao when you have debt and improvement in your house, don't you?
Electric will replace some but not all. Just ask your self how many lorries, taxi, aeroplane, escavator, tractor, ship , motorbike will be changed from petrol/diesel to electric. Start asking yourself. As I have said before, technology can be advanced to reduce the emission.
Try to travel with an ev (not hybrid) from Singapore to KL during new year and your wife will surely give you a red flag.
With Petronas RAPID going into phase one, phase two and then phase three with Dialogue latest rm2.5 billions tank farm expansion i think the unthinkable might happen to petron and hengyuan refineries.
They will either have to upgrade or close shop. In Spore an entire Airport from Paya Lebar closed and shifted to Changi. So is Keppel Harbour relocated to Tuas.
Do not forget even Sg Besi military airport also shifted to bandar sri seladayan.
Both petron and hengyuan refineries might face problems as Govt is moving Big Time into Pengerang RAPID.
AS LAWS CAN AND DO CHANGE FOR HEALTH AND DEVELOPMENT EVEN BAT IS CLOSING SHOP IN MALAYSIA DUE TO HIGH TAXES AND RAMPANT CIGARETTE SMUGGLING.
THINK OUT OF THE BOX. DON'T SEE FROM YOUR BIAS VIEW IF YOU THINK CALVIN IS BIAS.
Calvin how many times must i repeat? Oil is not local or regional demand. Its gobally priced. Pengerang is but a small contributor to refined oil in the world. The cost for shipping gas locally and globall is 0.26 and 0.49cents usd respectively. A 0.23cents usd difference.
SCARED WHAT. KOON YEW YIN PLUS OOI TEIK BEE ARE RICHER THAN EPF AND AMANAH. THEY WILL BUY MILLIONS OF SHARES EVERYDAY. CAN EASILY BREAK RM10 TODAY AND RM12 END OF THIS MONTH.
Tan Eng now bearish in oil but last year he recommended i3 members to buy perisai and Alam.. kikik.... will TanEnd tell you ? of coz not ! he will tell you how much xxx% he made in other counters ! business as usual !
Here are some facts. Transportation cost for oil products are cheap. A gallon of gasoline cost a nickel (ie, 5 cents) to be transported from US to Europe. That's 2.5% for a gallon sold at USD2. That means, because transportation cost is so low, the concern on oversupply is not Malaysia, nor regional, but from a global perspective. Fortunately, globally, there is a shortage of refining capacity, and will likely remain in shortage in the near term. Don't forget, Petron is unable to fulfill it's domestic gasoline sales and has to import from overseas. Also, US crude is being sold even to the far reaches of the world to China. That's why, it's myopic to think of Rapid as a threat to HY or Petron since the cost of transporting oil is so cheap.
Come on guys be mature. Calvin has his personal views. No right or wrong, else everyone have the same thought process. His view may be arguable but not entirely wrong. Is a good to be sceptical especially if in relation to your money
to clarify EPF not stupid to sell at huge loss-making even though distribution of dividends is low as they don't to make distribution of cash every year. All of them are via reinvestment back. Must be due to some reasons that we aren't aware of. The few funds that will see on dividends are Tabung Haji and LTKT as they need to make cash distributions
calvintaneng you are a joke. Writing rubbish to bad mouth a stock. Why spend so much time doing this? You sound like a very sour grape. Put your energy in finding a good company to invest instead. Actually, no need to waste time. Nobody is interested in what you think you know. Just get lost and stay away. That will do us all a great favour.
calvin knows how to talk but in real life might not even have a trading account. sure your mother didnt bring u up properly. when hengyuan going up, calvin (stray dog) bad mouth about the stock. when going down he comes in double. sometimes i pity ur parents didnt tell u when to shut up and when to open mouth? even a stray dog also knows when to bark and when not to. pity u. by the way yesterday i burn the money and car for chingming, ur mum received it?
I learn a lot from Calvin's research and contributions not only from the investment perspective but a person's good virtue. I believe there are many readers who, just like I am, appreciate his write-ups. Thank you Calvin!
i also learn a lot...thank calvintaneng for entertaining us with your bird brain point of view..hengyuan related to xinguan.....fuiyo...you just have grudge against old crooked KYY...seem you are the loser till now and will be forever too...L for you..
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Benjamin Poh
11 posts
Posted by Benjamin Poh > 2018-04-10 01:29 | Report Abuse
Calvin,
Your red flags do not seem convincing enough. These are all your personal views without much evidence to support when those events are going to happen in future and to what extent its impacts on oil price in the near future. Even if it might happen in the next 10-20 years, the stock market cannot and difficult to discount that happenings in the next 10-20 years.
Changes of external auditor will matter a lot not internal auditor as it is common to have several internal auditors in the audit committee. Don't hold personal bias against all china companies and people, as an investor u should look at the facts and figures, not to speculate what your belief unless you obtain illegal inside information about the company!
I do admit small capital companies tend to be manipulated by some syndicates, but today you can see even some oil companies e.g. Petronm, Petdag, pchem, petgas... don't tell me all these companies are manipulated by syndicates!!!