Dear all, Mr. OTB is right when he wrote the below: Hengyuan just reported Q1 2018 result today, please refer to the below link. http://www.malaysiastock.biz/C orporate-Infomation.aspx?secur ityCode=4324
I had monitored Crack Margin almost everyday, the Crack Margin is almost USD8 on average, I cannot understand how the pretax profit is only 108.8 million only for Q1 2018. In Q1 2017, the average Crack Margin was around USD 7, the pretax profit was 279 million.
Thank you P/S: From the answer given Q12018. Average sales price (USD/Barrel) 76 and Brent Oil price average for Q1 (USD/Barrel) 66.76
My next email to Hengyuan Dear CEO and Independent Directors, The answers the board presented to my questions is unconvincing and bordered to whitewash and cover-up for incompetent or frauds. I appeal to the independent directors to start a comprehensive investigation to my below 3 questions. Please discuss what are the actions the board intends to do after your next board meeting? Email me the board recommended actions. I am available for a face to face meeting if you need to further explain your finding to me. Failure to take actions will leave me with no choice but make a formal complaint to SC and Bursa.
Thank you
Yours Sincerely Lee Soon Sheng P/S: The 3 question remain P&C
Hahahaha, Qqq3 any specified reasons why you only harass 2 particular people who give subscription services in i3 and in the process make yourself look stupid, foolish, brainless, idiotic, moronic, doltish with your slanders and blatant lies. The current in thing is to harass CEO/MD during AGM. Easy Wong posting on KSL AGM https://klse.i3investor.com/blogs/kianweiaritcles/209444.jsp
Hahahaha, Qqq3 still need to learn from Buddhism how to live a life of Right view, Right intention and Right speech/writing. In i3 there are so many freely available blogs by many Sifus or super-investors bordering into manipulation or pump and dump but frankly speaking never see you harass them. KCChong is good if only I had read his investment articles much early or had subscribed to OTB services I will be very much richer by now.
Dear all, Salam Aidilfitri Maaf Zahir & Batin. No hatred please learn to be at peace and at ease with own-self and others (拿得起) (放得下) (看得开)
Just received the following reply from HRC IR Dear Mr. Lee
Thank you and your email is well received. However, as the Raya holidays is approaching, we appreciate your patience and understanding to allow us to respond to you after the Raya break.
Thank you again for your time and patience.
Regards. Corporate Affairs Hengyuan Refining Company Berhad (HRC)
Will Hengyuan better perform when oil price hikes due to imminent wars in the gulf region ?
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Posted by Sslee > 2019-06-04 12:37 | Report Abuse
Dear all,
Mr. OTB is right when he wrote the below:
Hengyuan just reported Q1 2018 result today, please refer to the below link.
http://www.malaysiastock.biz/C orporate-Infomation.aspx?secur ityCode=4324
I had monitored Crack Margin almost everyday, the Crack Margin is almost USD8 on average, I cannot understand how the pretax profit is only 108.8 million only for Q1 2018.
In Q1 2017, the average Crack Margin was around USD 7, the pretax profit was 279 million.
Thank you
P/S: From the answer given Q12018. Average sales price (USD/Barrel) 76 and Brent Oil price average for Q1 (USD/Barrel) 66.76