HENGYUAN REFINING COMPANY BERHAD

KLSE (MYR): HENGYUAN (4324)

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Last Price

2.45

Today's Change

+0.03 (1.24%)

Day's Change

2.43 - 2.47

Trading Volume

323,800


33 people like this.

123,787 comment(s). Last comment by Vdhawan 11 hours ago

MC33

182 posts

Posted by MC33 > 2018-04-25 22:00 | Report Abuse

Ya got 31 now on dragon s list

Investor48

1,330 posts

Posted by Investor48 > 2018-04-25 22:00 | Report Abuse

Look like market going down till election day.
I have started to collect since Monday (no one knows where is the bottom).
Many stocks cheap sales now..!
Hope I'm right...after election market skyrocket...

Hehe...

MC33

182 posts

Posted by MC33 > 2018-04-25 22:04 | Report Abuse

Meaning whichever way the election goes , market will go green green, usually after election market goes down . What say the veteran investors ?
How laws the previous trend ?

Posted by EngineeringProfit > 2018-04-25 22:06 | Report Abuse

Agatha Christie wrote an interesting book entitled ' N or M?'

Companies of which side do you choose- N's or M's?

Tongkarat

7,587 posts

Posted by Tongkarat > 2018-04-25 22:08 | Report Abuse

Ok guys....I'm off to the ground again as usual....light blue eye

MC33

182 posts

Posted by MC33 > 2018-04-25 22:10 | Report Abuse

Which r n s n which r m s ? , (I have read the novel before , long time ago , I m Agatha Christie’s fan )
Buy some each way. Projects will stills continue, most of them anyway , wont they?

Hospitals

87 posts

Posted by Hospitals > 2018-04-25 22:20 |

Post removed.Why?

Investor48

1,330 posts

Posted by Investor48 > 2018-04-25 22:24 | Report Abuse

Sell down cos of election uncertainty..
I'm still predicting BN is going to form the next government.
Even if PH wins, market would still rebound if no riot...

Hehe...

pang72

49,871 posts

Posted by pang72 > 2018-04-25 22:24 | Report Abuse

3idiots..
Beside the fact as today of your top 10 loser portfolio.
I remind you the history of Hengyuan ran up from 4 to 19 when I was swimming nakedly inside with my whisky :)

This was history:)

matg

997 posts

Posted by matg > 2018-04-25 22:48 |

Post removed.Why?

kentwoon

1,841 posts

Posted by kentwoon > 2018-04-25 22:49 | Report Abuse

Yes I agree u.
pang72 3idiots..
Beside the fact as today of your top 10 loser portfolio.
I remind you the history of Hengyuan ran up from 4 to 19 when I was swimming nakedly inside with my whisky :)

This was history:)
25/04/2018 22

moneypedia

5,987 posts

Posted by moneypedia > 2018-04-25 23:13 | Report Abuse

Aiyoo dragon makan ubat dulu laaa, panadol seletbel ke mcm penin jer tu jadi referee aiyoyo kikiki

Posted by 10154675247544965 > 2018-04-25 23:16 | Report Abuse

KUALA LUMPUR (April 25): Hengyuan Refining Co Bhd described its financial year 2017 (FY17) ended Dec 31 as a “monumental year” with output growing 5.87% to 39.7 million barrels from the year before, the refiner said in its 2017 annual report released today.

“2017 has been a monumental year for Hengyuan. It was a very positive year for us, with higher production numbers and improved plant reliability [achieved],” said its chairman Wang YouDe, a 55 year-old Chinese national who took the helm in December 2016, subsequent to the transition exercise that saw Shell Overseas Holding Ltd selling its 51% stake in Hengyuan (then Shell Refining Company (Federation of Malaya) Bhd) to Malaysia Hengyuan International Ltd.

Indeed, not only did Hengyuan’s output exceed expectations for the year at 39.7 million barrels. It scaled its highest production volume since 2006.

For the past five years — with the exception of FY15’s 33.9 million — production volume hovered around the 37 million mark.

According to the annual report, the refiner saw its kerosene or jet production supported by solid performance of Kerosene Treating unit in the first quarter, although it was impacted by several events in May, including the planned outage on Crude Distiller 1 and Kerosene Treating units.

Gasoil production too improved due to higher crude processing, positive regrade and improvement of global oil cracks; while higher intake and better conversion at its Long Residue Catalytic Converter Unit (LRCCU) helped boost its liquefied petroleum gas and propylene production.

“Though refining margins were volatile during the year, gradual recovery of crude and product prices resulted in a full year average Current Cost of Stock (CCS) of US$7.17 per barrel, while First In First Out (FIFO) margins were US$8.39 per barrel (2016: CCS US$4.06, FIFO US$5.46),” the report read.

It attributed the higher CCS margin to higher product cracks (the pricing difference between product and crude) with rising crude premiums and higher refined products prices year to year, compared with 2016, as well as better plant reliability in 2017.

The group had capitalised on high refining margins when global product prices were affected by the shut-down or refineries and offshore refineries in Netherlands and the US, due to fire and hurricane incidents, the report added.

Hengyuan’s oil refinery complex, located in Port Dickson, Negeri Sembilan, is licensed for a production capacity of 156,000 barrels per day.

The main operating units in the refinery complex consist of two crude distillers, a LRCCU, two naphtha treaters and a Merox plant, one reformer and a gasoil treatment plant.

In FY17, the group's operational availability returned to its 2013 level at 97.4%, after ranging between 82% and 95% for the past three years; while its average plant utilisation rate stood at 86.82%.

And its emphasis on process safety, plant reliability and product optimisation has also substantially improved its unplanned downtime percentage, which decreased from 7.2% in FY16 to 2.3% in FY17, Hengyuan said.

All in all, the group turned in an almost three-fold increase in its annual net profit to RM930 million in FY17, from RM335 million previously; while revenue grew 38.47% to RM11.58 billion, from RM8.37 billion in FY16.

Sales volume rose 5.2% to 41.1 million barrels in FY17, from 39.05 million the year before.

The group paid its first dividend in five years: A single-tier interim dividend of two sen per share, amounting to RM6 million, Hengyuan emphasized.

During the year, Hengyuan's share price spiked eight times, rising from RM2.03 to RM16.26 as at end-2017. The stock has however since lost its steam, falling 53.3% year-to-date to RM7.59, valuing it at a market capitalisation of RM2.28 billion as at today’s closing.

Posted by 10154675247544965 > 2018-04-25 23:17 | Report Abuse

When others are fearful. We must be greedy

trulyinvest

2,370 posts

Posted by trulyinvest > 2018-04-25 23:18 | Report Abuse

Go n read d latest anual report la. C d top 30 shareholders. Not a single local fund bought tis counter. Terible counter

Investor48

1,330 posts

Posted by Investor48 > 2018-04-25 23:23 | Report Abuse

Why terrible counter?
Many make $$$ here..

Hehe...

Posted by Lukesharewalker > 2018-04-25 23:24 | Report Abuse

According to the annual report, crack spread was 7 to 8.4, same as now maybe even more if Malaysian oil. So what has change? Nothing but sentiments....and margin calls...lol

Posted by Lukesharewalker > 2018-04-25 23:30 | Report Abuse

Maybe weekly gain this week

Alex™

12,593 posts

Posted by Alex™ > 2018-04-25 23:31 | Report Abuse

apu...who are these guys? huat from RM2 to RM7, so geng

Foo Khen Ling
Tan Kah Hock
Ashfak Ahmad Bin Alarakha
Deva Dassan Solomon
Helina Shanti Solomon
New York State Common Retirement Fund
Employees Provident Fund Board (APUUUUU)

Wong Siew Fah
Reuben Tan Cherh Chung
Law King Yong

gsi723

903 posts

Posted by gsi723 > 2018-04-25 23:43 | Report Abuse

EPF still holding?

Posted by 10154675247544965 > 2018-04-25 23:43 | Report Abuse

Top 30 shareholders got epf coming soon.

After share buy back 10%. Rm 12

pang72

49,871 posts

Posted by pang72 > 2018-04-26 00:05 | Report Abuse

Tomorrow meet you at RED SEA.

Oil inventory up.... Oil slump
Tech stock burst ......slump
Dow drop 120points now.

JokerT

1,391 posts

Posted by JokerT > 2018-04-26 02:00 | Report Abuse

tomorrow rebound

Kawkaw

858 posts

Posted by Kawkaw > 2018-04-26 02:05 | Report Abuse

Kasi rebound hengg...

uptrending

1,852 posts

Posted by uptrending > 2018-04-26 06:37 | Report Abuse

LIST OF TOP 30 SHAREHOLDERS
As at 19th March 2018
No. Name Shareholdings %
1 RHB Nominees (Tempatan) Sdn Bhd
Malaysia Hengyuan International Limited
153,069,002 51.023
2 Kam Loong Mining Sdn Bhd 4,800,000 1.600
3 Foo Khen Ling 4,398,000 1.466
4 Kenanga Investment Bank Berhad
Ivt (EDSP-NAGA 8-DO)
3,643,100 1.214
5 CIMB Group Nominees (Tempatan) Sdn Bhd
CIMB Bank Berhad (EDP 2)
3,516,700 1.172
6 Maybank Investment Bank Berhad
Ivt (9)
2,184,000 0.728
7 Tan Kah Hock 2,107,000 0.702
8 RHB Nominees (Tempatan) Sdn Bhd
Pledged Securities Account For Ashfak Ahmad Bin Alarakha
1,863,700 0.621
9 CIMSEC Nominees (Tempatan) Sdn Bhd
CIMB Bank For Deva Dassan Solomon (My1091)
1,650,000 0.550
10 Alliancegroup Nominees (Tempatan) Sdn Bhd
Pledged Securities Account for Helina Shanti Solomon (7001761)
1,426,000 0.475
11 HSBC Nominees (Asing) Sdn Bhd
JPMCB NA For New York State Common Retirement Fund
1,278,600 0.426
12 Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board
1,265,947 0.422
13 Alliancegroup Nominees (Tempatan) Sdn Bhd
Pledged Securities Account For Inbamanay A/P M J Arumanayagam
(8061712)
1,100,000 0.367
14 Alliancegroup Nominees (Tempatan) Sdn Bhd
Pledged Securities Account For Deva Dassan Solomon
(8041850)
1,010,000 0.337
15 Cartaban Nominees (Asing) Sdn Bhd
Exempt An For State Street Bank & Trust Company
(West CLT OD67)
1,009,900 0.337
16 Ashfak Ahmad Bin Alarakha 978,500 0.326
17 RHB Nominees (Tempatan) Sdn Bhd
Ashfak Ahmad Bin Alarakha
970,000 0.323
18 Wong Siew Fah 910,000 0.303
19 RHB Investment Bank Berhad
IVT “SW BOOK 1”
890,500 0.297
20 Citigroup Nominees (Asing) Sdn Bhd
CBNY For DFA Emerging Markets Small Cap Series
846,300 0.282
21 Citigroup Nominees (Asing) Sdn Bhd
UBS AG For Arrowstreet International Equity - Alpha Extension Fund
823,600 0.275
22 Eletechnics Sdn Bhd 800,000 0.267
23 Malaysia Nominees (Tempatan) Sendirian Berhad
Lee Foundation, States of Malaya (00-00197-000)
790,000 0.263
24 Alliancegroup Nominees (Tempatan) Sdn Bhd
Pledged Securities Account For Selina Sharmalar Solomon
(8112136)
770,000 0.257
25 Citigroup Nominees (Asing) Sdn Bhd
CBNY For Emerging Market Core Equity Portfolio DFA Investment Dimensions
Group Inc
751,800 0.250
26 UOB Kay Hian Nominees (Asing) Sdn Bhd
Exempt An For UOB Kay Hian Pte Ltd ( A/C Clients )
725,750 0.242
27 HLB Nominees (Tempatan) Sdn Bhd
Pledged Securities Account For Deva Dassan Solomon
711,400 0.237
28 Law King Yong 700,000 0.233
29 Reuben Tan Cherh Chung 700,000 0.233
30 HSBC Nominees (Asing) Sdn Bhd
TNTC For Stichting Blue Sky Active Equity Emerging Markets Global Fund
692,000 0.230

pang72

49,871 posts

Posted by pang72 > 2018-04-26 07:31 | Report Abuse

Short target!!

Lee Yih Yeong

1,771 posts

Posted by Lee Yih Yeong > 2018-04-26 07:37 | Report Abuse

don't fall in trap again.. is not worth it.

1star

1,052 posts

Posted by 1star > 2018-04-26 08:11 | Report Abuse

As usual morning Up ....and afternoon U turn into Red big down.

kenlee

2,808 posts

Posted by kenlee > 2018-04-26 08:15 | Report Abuse

Trulyinvest because it is not syariah compliance

kenlee

2,808 posts

Posted by kenlee > 2018-04-26 08:15 | Report Abuse

Sauce confident today can male it 9

pang72

49,871 posts

Posted by pang72 > 2018-04-26 08:19 | Report Abuse

God father mana ada dalam top 1000 list
Hihi

pang72

49,871 posts

Posted by pang72 > 2018-04-26 08:37 | Report Abuse

God father asks people buying Jaks.
I think his margin call COMING...
Just See how he can tahan

emil

1,428 posts

Posted by emil > 2018-04-26 08:41 | Report Abuse

HengYuan “climbing” a “wall of problems” and eventually will collapse.

pang72

49,871 posts

Posted by pang72 > 2018-04-26 08:46 | Report Abuse

Dragon, you are right. I did the same.

pang72

49,871 posts

Posted by pang72 > 2018-04-26 08:46 | Report Abuse

Hengyuan is my Chai Seng Ya

joekit

833 posts

Posted by joekit > 2018-04-26 08:47 | Report Abuse

i see got other nicer counters now...gonna dump hengyuan today and jump to another ship...haahaha

pang72

49,871 posts

Posted by pang72 > 2018-04-26 08:50 | Report Abuse

Short the market!!

Tongkarat

7,587 posts

Posted by Tongkarat > 2018-04-26 08:58 | Report Abuse

No short....no long....just nice....light blue eye

cskek81

238 posts

Posted by cskek81 > 2018-04-26 09:09 | Report Abuse

joekit i see got other nicer counters now...gonna dump hengyuan today and jump to another ship...haahaha -> which counters?

Wen Jun

542 posts

Posted by Wen Jun > 2018-04-26 09:12 | Report Abuse

Proposed final dividend of 43.5 cent, wow, did any of you actually read the annual report and AGM agenda?

pang72

49,871 posts

Posted by pang72 > 2018-04-26 09:13 | Report Abuse

Black Friday is coming . Tomorrows

Wen Jun

542 posts

Posted by Wen Jun > 2018-04-26 09:16 | Report Abuse

"formal dividend policy of allocating at least 15% of the Company’s
profit after tax, excluding exceptional items to be distributed to its shareholders as dividend payment."

Ekkram

763 posts

Posted by Ekkram > 2018-04-26 09:16 | Report Abuse

looks good this morning with no shittx mxrxn selling cheap... kah kah kah!

vivoviva

775 posts

Posted by vivoviva > 2018-04-26 09:24 | Report Abuse

wow. all retailers buying the low volume to make the price go up. nice nice. KYY still have 50% and will sell to u all and see 7.30 and he buy again. wakakaka

Posted by Lukesharewalker > 2018-04-26 09:25 | Report Abuse

hopefully uncle is out of the game....sell and buy ...lol

Ekkram

763 posts

Posted by Ekkram > 2018-04-26 09:28 | Report Abuse

As long as moron keep selling cheap even low vol will raise it up, until some idiot come it to sell in bulk! Kah kah kah!

Posted by Lukesharewalker > 2018-04-26 09:29 | Report Abuse

game changer ...proposed 43.5 cents dividends

Posted by Lukesharewalker > 2018-04-26 09:39 | Report Abuse

During the year, overall crude oil prices increased by 17% from USD54.9/bbl in January 20172 with Brent Crude oil price ending at USD64.2/bbl in December 2017. Gross proft margin increased by 76%, supported by increase in revenue brought about by a gradual increase in product prices from USD61.0/bbl (end 2016) to USD69.8/bbl (end 2017). At the same time, gross profit margins were affected by foreign currency exchange fluctuations relating to crude oil purchases and product sales.

Posted by Lukesharewalker > 2018-04-26 09:41 | Report Abuse

he CCS refining margin in 2017 was USD7.17 per barrel in comparison to a lower margin of USD4.06 per barrel in 2016. The FIFO margin was USD8.39/bbl, including stockholding gains of USD1.22/bbl in 2017, compared to FIFO margin of USD5.46/bbl in 2016, which includes a stockholding gain of USD1.46/bbl. The higher CCS margin is attributed to higher product cracks (the pricing difference between product and crude) with rising crude premiums and higher refined products prices year to year compared to 2016

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