Dear uncle, you condemn Hengyuan and promote Hibiscus. Yet you forgot to mention ExxonMobil Mobil, Shell and Chevron all recorded great refinery results.
Refineries are a good bet this round as shortage of refiners cos of MCO. PetronM usually release results earlier after parent Co in Phillipines announce group result. HengYuan is complex refiners able to produce Diesel which has higher crack spread, at around 46% of its 10.5 mil barrel / Qtr, but it has to hedge Crude Oil Price and also Prices of Refined Oil where cost of production is USD 2/ barrel. PetronM is simple Refiner where hedging is minimal as it has 750 stations but Mogas 92 crack spread is low for this product. It is expected that HYuan will announce an estimated net profit of RM1/ share, or 300 mil, barring huge derivative losses, like last quarter.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3236 views | 3 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
tehka
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Posted by tehka > 2022-08-16 12:21 | Report Abuse
Dear uncle, you condemn Hengyuan and promote Hibiscus. Yet you forgot to mention ExxonMobil Mobil, Shell and Chevron all recorded great refinery results.