Posted by Lukesharewalker > 2018-12-02 12:21 | Report Abuse

3.50 next support

Posted by Alex™ > 2018-12-02 13:08 | Report Abuse

conclusion?

hint: tengok volume dia

Posted by BenPg > 2018-12-02 15:21 | Report Abuse

Any price below 4.60 is good bargain. May Not See this price again should market rebound next week.

Posted by Patrick > 2018-12-02 16:24 | Report Abuse

Benpg, yes below 4.60 is a good bargain, who studied its company in depth know about this. Despite at current level, it is still significantly below its intrinsic value (margin of safety). Hence, current price allows an investment to be made with minimal downside risk.

Posted by Patrick > 2018-12-02 16:30 | Report Abuse

Alex, you make your own conclusion. I have my own but does not mean suitable for others.

"Hint: Tengok volume dia"
The day after QR released, it opened at 4.9 and ways down to 4.55. The volume was kicked in at that time. People are panic selling, but big boy is panic accumulating.

Now still on stage 1 - accumulation phase, takes how long, I don't know, but history always repeat itself and currently is China big boy and local fund decide - up or down.

Posted by Patrick > 2018-12-02 16:32 | Report Abuse

Last friday, SC updated the syariah-compliant securities. One of the newly classified syariah-compliant stocks included Hengyuan Refining Company Bhd.

Posted by Xeno > 2018-12-02 22:55 | Report Abuse

Crackspread improved?

Posted by Patrick > 2018-12-02 23:18 | Report Abuse

@Xeno, yes, recently the crack spread is improving. The lowest was on early of November. Anyhow, I could not guarantee its crack spread margin will shoot all the way up like the crack spread performance last year to early of this year.

Posted by Patrick > 2018-12-02 23:19 | Report Abuse

This is just for reference.

https://www.cmegroup.com/trading/energy/refined-products/singapore-mogas-92-unleaded-platts-brent-crack-spread-swap-futures_quotes_globex.html

Posted by 3iii > 2018-12-04 19:58 | Report Abuse

Did you notice in Hengyuan forum:

1. Few or no posts on crack spread recently.
2. Few or no posts on simple versus complex refinery.
3. Few or no posts on low PE as very safe and very undervalued.
4. Few or no posts on growth in earnings.
5. Few or no posts claiming this is the brightest and most undervalued gem.

Posted by qqq3 > 2018-12-04 20:04 | Report Abuse

patrick....Look at what happens to Hengyuan PL the last time crude price crashed.....historical records all there.....