Uncle Koon, now Heng Yuan shares going up due to good results. Please join us. Hibiscus is good also, but eps wise, less than HY. Crack spread going down is MoGas 92., and not others. Many are wary of HY as many lost their pants in 2017 as it fell from RM 18 to RM 5. Those playing CWs , like in Gloves, lost more as it is leveraged.
No point to argue. He did not read the details and simply talk without facts and figures. He did not know Hengyuan refined diesel and jet fuel. He thought Hengyuan only refined gasoline only. If he is so good, he will not lose back all his profit our sifu helped us to make. We feel very sad 500 million is lost back to the market. If he believed and listen to our sifu, this money would have saved to help a lot of students.
Let the Q2 2022 and Q3 2022 results speak for itself. Let the share price to prove who is right and who is wrong.
Refining margins for the benchmark 10 ppm gasoil in Singapore, which have soared nearly 63% in the last two weeks, hit $55.77 a barrel over Dubai crude on Monday, an all-time high according to Refinitiv data that goes back to 2014. Gasoil is currently the top money spinner for Asian refineries.
I check the price history of Hengyuan from Sept 2002 to June 2012, the average share price is around 9.50. The crack spread during this period is less than USD10.
The present crack spread is around USD30 in Q2 2022. The last share price of Hengyuan is 5.34, I believe the share price of Hengyuan is very cheap now. The share price of Hengyuan is undervalued now. I talk with facts and figures.
According to sifu, KYY is very fearful to lose money in KLSE. He has lost back 500 million profit to the market. He has no much money left behind. He has committed to give up scholarship to students, he has to honour them.
Sifu dared not attack him because of this good deed he has done. It is really pitiful for him, 2 of important persons have left him especially his accountant and sifu. These 2 persons worked very hard to help him previously.
Do not be naive loh! Hengyuan although reported more than Rm 600m in profit in Q2, but its unrealized mark to mkt losses exceed Rm 1 billion mah!
The net effect is hengyuan is losing more than Rm 400m for q2 loh!
Please do not ignore effect like it is nothing loh...it is like u running a race & u r really behind by Rm 400m loh! Some people will say.....this will catch up in Q3....but question is there may be possibility of falling further behind....bcos the future crack spread has fallen towards USD 3 to 4 level mah!
Hengyuan investors....face enormous challenges....beside need to catch up....with enormous net loss of Rm 400m or loss of Rm 1.10 per share....its future crack spread margin has fallen behind drastically loh!
Investors....are advice to exercise caution & preferably take profit whenever u can, if u like this industry better to switch to Petron, that has actually shown a better positive result of eps above Rm 0.60....despite also reporting hedging losses but it is overcome by prudent & efficient management in managing its risk loh!
the latest quarterly results reported by Heng Yuan cannot be sustained. Don't be fooled by it. That's my sincere advice.. ----------------- Is Hengyuan a Holland stock like you claim ? You came over to Hengyuan forum to see anyone bitten by snake twice. Not bitten by snake, all readers are laughing all the way to the bank. Do not read the fundamental of Hengyuan, please do not simply accuse. I know you take the opportunity to attack OTB to show the world you are better than him.
The damage done by KYY on all investors in Hengyuan is too huge. This type of damage done by him cannot be forgiven. All poor investors just cut loss because of his bad mouth. No wonder he continue to lose all his money in KLSE. It is a big punishment on this man.
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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....