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...
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 ?
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?
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...
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 :)
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 :)
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.
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
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
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
"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."
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
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.
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
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.
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....
MC33
182 posts
Posted by MC33 > 2018-04-25 22:00 | Report Abuse
Ya got 31 now on dragon s list