How not to loss money when crude purchase in Q3 USD 136.453/barrel even higher then Q2 of USD 126.71/barrel when average Dated Brent dropped to USD 101/barrel in Q3 from the USD 114/barrel in Q2?
Q3 cost of manufacturing is higher than q2 cost of manufacturing is not beyond my expectations due to delays and timing differences between oil prices and how they get reflected in cost of manufacturing
qqq3 the exact answer to my question during 2018 AGM. 0ur purchased lot size can range between 300,000 to 1 million barrels. We typically store between 2 - 3 million barrels of crude. Book inventories will also include sailing stocks for which titles have passed to HRC. Part of our operation planning include having sufficient inventory of each crude slate for more than a week's production.
Typical, crude oil price are benchmarked against dated Brent, dated Dubai or crude oil official selling price. The final agreed price will include a premium/discount to the benchmark.
If only the Q2 unrealised hedging losses in on Mogas92 crack spread then that unrealised hedging losses should had turned from liabilities into assets in Q3
But surprised the Q3 unrealised hedging losses still at more than RM 1 billion+
Reference is made to your e-mail on the above matter.
We have escalated the complaint to our line department concerned for their further action. The assessment into the matter you highlighted may take time, depending on the complexity of the issues raised. However, we will undertake the necessary actions to ensure that your complaint is looked into accordingly and will take the necessary enforcement actions if there is any breach of Listing Requirements.
As we do not play the role of ombudsman nor do we conduct arbitration, in the event of conflicts or financial losses, the aggrieved parties need to file the claims through the appropriate legal process in court.
We will also make the necessary referral to other relevant authorities should we come across any potential breaches of other regulations / Acts (other than the Listing Requirements).
Thank you and have a good day.
Bursa 2U Bursa Malaysia Berhad Our Ref: CAS-27923-D0K3D0
Typical, crude oil price are benchmarked against dated Brent, dated Dubai or crude oil official selling price. The final agreed price will include a premium/discount to the benchmark.
=======
but u still do not understand their primary documents for pricing and timing of sales/ purchases.
Q3 cost of manufacturing is higher than q2 cost of manufacturing is not beyond my expectations due to delays and timing differences between oil prices and how they get reflected in cost of manufacturing
u see huge unrealised loss below the line in q2 results....... u don't see huge derivative losses in q3.....a possible explanation is that these are forward transactions and accounted for in purchases during q3.
Typical, crude oil price are benchmarked against dated Brent, dated Dubai or crude oil official selling price. The final agreed price will include a premium/discount to the benchmark. =========
a lot of timing differences between sales and purchase prices.
like HK shares.............now western media gang up to criticise China for its covid policies......................zero covid policy also criticise, open up also criticise. always cricise never miss the opportunity to criticise china but later will reverse and buy China shares. ..and cny angpow.................................
Already replied the Feng Shui required for stocks investments mentioned by this fella few hours ago....but can't blame him, he's chinese educated, sometimes missed the message.....
Posted by BobAxelrod > 5 hours ago | Report Abuse
LOL...I shoot straight and never waver. When you are right, I say that's the truth....no need to camouflage. And investments in stocks depends on personal "pat chi"??? That's something new...
qqq3, Why accept $88 million pre tax profits for 9 months when in the third quarter alone, Hyundai Oilbank’s operating profit skyrocketed by 226 percent on-year to 2.8 trillion won.
and regarding AGM, I will encourage laymen to attend AGM of good quality companies and not attend AGM of lower quality companies. Its a one sided affair.....laymen will be sweet talk by CEo to buy more of their low quality shares.
this ttb of icap has never treated minority shareholders as partners. ..................................so why attend AGM or even read their accounts? same for any lower quality companies such as Jaks, Insas, ............................................ many many more.
and that is the main thing. if u cannot smell a rat from far far away, and stay far far away, there is no end to troubles as Ceo all good in sweet talks up close.
Got alot of free makan many many pretty girls at Icap mtg loh!
Posted by qqq47660 > 2 hours ago | Report Abuse
this ttb of icap has never treated minority shareholders as partners. ..................................so why attend AGM or even read their accounts? same for any lower quality companies such as Jaks, Insas, ............................................ many many more.
and that is the main thing. if u cannot smell a rat from far far away, and stay far far away, there is no end to troubles as Ceo all good in sweet talks up close.
The Answer to Q28. Question 28: In your opinion who (executive directors and top management) should be held accountable, answerable and responsible for the loss? The person responsible is this lazy guy called Lee Soon Sheng, purportedly a shareholder, facts yet to be proven, who failed whether negligently failed or purposely failed or by acts designed to fail, or failed to exercise control or failed beyond his control to properly exercise his Duty of Care and either blindly or was convinced or was scammed or was negligently or was careless in exercising his vote to approve the entire Board of Directors of HRC.
sure siphon out.. money.. if not, how to roll. if mother company go down, hengyuan go down too.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Report Abuse
Please Sign In to report this post as abuse.
Market Buzz
No result.
Featured Posts
MQ Trader
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace 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....
BobAxelrod
8,255 posts
Posted by BobAxelrod > 2022-12-21 10:35 |
Post removed.Why?