Not to worry Heng Yuan be moving up soon just consolidation... The council of elders is just going through all the mega projects... Cut away all unnecessary expenses and be moving forward with the mega projects... Especially sabah, phase one and two LRT with the China conglomerate... Except phase 3 and MRT need review the expenses it be moving forward... Projects along already CN last 2021...review can take their time.... New government is on right track reduce waste, every revenue to government effectively usage.... Money back 1MD others consolidate and reduce sovereign debt... See the balance book after few months our rating will be double AA... With commodity uptrend continual run up
1) Full impact of 24% tax on 2018 profits is expected, as tax losses and reinvestment allowance had fully utilized in 2017. 2) Major turnaround maintenance/shut down takes place in 2018, biggest since 1953, last was in 2015. 3) Rise in average current cost of stocks/feed stocks is very much faster and higher than that of the average crude oil prices. 4) The Notice of AGM agenda said the Board is not going to approve the requisitioned final dividend of 43.5 cents and a formal dividend policy of at least 15%, due to tight cash flow in 2018.
I will consider to buy the shares in a year later, and sell stocks on hand before the company announces the 1Q results this Thursday.
i'm not so smart to do the calculation. I remember when fuel price was high, shell losing money big time. If my memory served me right la. SO now fuel already going up to USD 80/barrel. Then there is a shutdown coming. This 2 is the bearer of the bad news already. Then gomen locked the fuel price. Not sure good or bad. Good if gomen subsidize the difference. Bad if gomen also trying to lower the gomen spending and therefore will squeeze refiner margin? That 1 i dunno but looking at above 2 negative news+ 1 not sure positive or negative news. I think i wun touch 1st unless my sifu say buy base on TA......let see how le.
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....
SuperPanda
11,431 posts
Posted by SuperPanda > 2018-05-20 15:06 | Report Abuse
wait petron result first, if petron up, then hy earnings should up too, thats more clear
if petron lower, then should decide fast