India refinery company posted a decent quarter results, on the report it stated that healthy refinery margin contributed to the better earning for the quarter ended June
Fantastic achievement for the refinery considering stock loss incorporated into it, revenue only declined by 7% w.r.t to the preceeding qtr inline with a significant drop in Oil price around 8% average.
Posted by rojakmee > Jul 21, 2017 11:30 AM | Report Abuse
Remarks : HENGyuan Vs PetronM HengYuan's refinery capacity is twice the size of Petron Malaysia, hence with good crack spread we should see HengYuan's profit will be double of PetronM's earning potential. It should be a better bet in terms of profitability for HengYuan against PetronM. Theoritically, HengYuan's share price (300mil shares @ RM5.80) should be higher than PetronM (279Mil shares @ RM8.50).
It is about time for HengYuan to catch up again PetronM. I believe within 6-9 months, HengYuan's share price should be running ahead of PetronM.
Petronm-CB will be expired on 31/7/2017, so this week 5 trading days of the mother share prices will be used as the calculation base. The issued Bank of the call warrant will try to press the price down if they can.
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....
Petronm
14 posts
Posted by Petronm > 2017-07-19 09:45 | Report Abuse
stockmamny, you are our hero here.
So, are u able to fly the price up above 10 ??