HENGYUAN REFINING COMPANY BERHAD

KLSE (MYR): HENGYUAN (4324)

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Last Price

2.42

Today's Change

+0.03 (1.26%)

Day's Change

2.39 - 2.46

Trading Volume

638,700


33 people like this.

123,785 comment(s). Last comment by kebling98 2 days ago

trulyinvest

2,370 posts

Posted by trulyinvest > 2018-10-31 09:48 | Report Abuse

bought 5.81 sold 5.93. thx!!!!

trulyinvest

2,370 posts

Posted by trulyinvest > 2018-10-31 10:04 | Report Abuse

5000 units... cannot make gain meh>

Alex™

12,593 posts

Posted by Alex™ > 2018-11-01 13:09 | Report Abuse

说好的RM19呢?

CyrusQ

2,058 posts

Posted by CyrusQ > 2018-11-02 19:20 | Report Abuse

What’s the status here ?

ken

673 posts

Posted by ken > 2018-11-02 20:00 | Report Abuse

HRC completed the refinery upgrade ahead of schedule (completed on 21 Oct 2018) and below budget.

Oreo Oreo

319 posts

Posted by Oreo Oreo > 2018-11-02 20:12 | Report Abuse

The Board of Directors of Hengyuan Refining Company Berhad (“HRC” or “Company”) wishes to announce that HRC successfully completed its planned 10-week Major Turnaround (“MTA”) on 21 October 2018, ahead of schedule and below budget by USD1.5 million or RM6 million. The MTA at the Company’s Port Dickson refinery was the largest in its 55-year history.

Separately, the Board of Directors approved an increase in funding of USD76 million for the Euro4M Mogas project (“Project”), bringing the total investment to USD211 million /- 10%.

The additional capital expenditure will be used to expedite long lead and additional equipment for a larger scope of activities and to upgrade the Project to deliver refining capability for the production of both Euro4M and future Euro5M mogas specifications when required.

HRC anticipates completion of the upgraded Project by Quarter 1, 2020.

The previous announcement on the final investment decision of the Project of USD135 million /- 10% was made through Bursa Malaysia Securities Berhad on 16 June 2017.

2.      FINANCIAL EFFECTS

The Project will be financed using a mix of cash flow generated from operations and further drawdowns of existing loans.

3.     DIRECTORS’ AND SUBSTANTIAL SHAREHOLDERS’ INTEREST

None of the directors or substantial shareholders of HRC or persons connected with them have any interest, whether direct or indirect, in the revised full fund release.

4.     STATEMENT BY DIRECTORS

HRC’s Board of Directors is of the opinion that the above revised full fund release decision is in the ordinary course of business and is in the best interests of the Company.

5.     APPROVALS REQUIRED

This investment decision is not subject to the approval of shareholders of HRC or any relevant authorities.

This announcement is dated 2 November 2018.

CyrusQ

2,058 posts

Posted by CyrusQ > 2018-11-02 22:41 | Report Abuse

@Orea Orea - what's your opinion ? engine start soon ?

CyrusQ

2,058 posts

Posted by CyrusQ > 2018-11-02 22:44 | Report Abuse

Any comment on this counter ?

Depeche

4,451 posts

Posted by Depeche > 2018-11-05 04:54 | Report Abuse

Nobody talks about crack spread here anymore..

nicnyx

140 posts

Posted by nicnyx > 2018-11-05 12:04 | Report Abuse

USOIL. Price still under pressure. Maybe a technical rebound at 60USD will push this counter https://www.tradingview.com/chart/USOIL/Ai6nopWZ-USO...

3iii

12,918 posts

Posted by 3iii > 2018-11-05 17:34 | Report Abuse

Poor raider. Things are getting from bad to worse.

i3lurker

13,737 posts

Posted by i3lurker > 2018-11-05 17:36 | Report Abuse

still some more to go to reach botttom of RM1.80 per share

Kawkaw

858 posts

Posted by Kawkaw > 2018-11-05 17:56 | Report Abuse

Hmmm...1.80...

pang72

49,870 posts

Posted by pang72 > 2018-11-06 23:10 | Report Abuse

why my hengyuan drop? any bad news?

probability

14,463 posts

Posted by probability > 2018-11-06 23:21 | Report Abuse

aiyo pang72 the question should be the other way...how the heck is it still sustaining at this level?

must be an illusion caused by a once in a lifetime volcanic eruption that took place recently....last year end

ken

673 posts

Posted by ken > 2018-11-07 09:45 | Report Abuse

At current price, Hengyuan already bottom. The only way is UP. Unless market crash.. I bought some..

ken

673 posts

Posted by ken > 2018-11-07 09:53 | Report Abuse

Why?... a almost brand new refinery complex generating oil 24X7, efficiently and no downtime... But stock price is at year lowest!!

Posted by Sugarsugar > 2018-11-07 11:00 | Report Abuse

Patience and perseverance, eh Lee Foundation..

Posted by Totalpackage > 2018-11-07 13:12 | Report Abuse

Mogas 92 now at 1.611.... far cry from last year peak 12-14.
Mogas 95 should be somewhere this px. Won't run far off.

kirawang

240 posts

Posted by kirawang > 2018-11-07 13:20 | Report Abuse

HY no dividend counter no price spike.

pang72

2,808 posts

Posted by pang72 > 2018-11-07 15:57 | Report Abuse

i have sold all at 19.2 to sorchai. hope u r the 1 hehe

warren buntut

7,854 posts

Posted by warren buntut > 2018-11-08 10:19 | Report Abuse

pe 2.58 only... value buy hahahaha

TYS_Capital

1,691 posts

Posted by TYS_Capital > 2018-11-08 10:36 | Report Abuse

this stock once con people gaogao, many former holders lose money until sold pants, see the share also tired lah. 已经回魂飞魄散,无力回天。

trulyinvest

2,370 posts

Posted by trulyinvest > 2018-11-08 10:37 | Report Abuse

expected poor result, sell b4 too late

TYS_Capital

1,691 posts

Posted by TYS_Capital > 2018-11-08 10:37 | Report Abuse

from the top 19 dropped to this level and some more dropping. management 真是好会管

Tongkarat

7,587 posts

Posted by Tongkarat > 2018-11-08 20:22 | Report Abuse

Aiyoyo......aiyoooooooooooooooooooooo

Depeche

4,451 posts

Posted by Depeche > 2018-11-09 06:18 | Report Abuse

MOG 92 crack spread at lowest I've ever seen.

warren buntut

7,854 posts

Posted by warren buntut > 2018-11-09 06:19 | Report Abuse

you need ask the crack spread expert k why why already

rajachulan

1,740 posts

Posted by rajachulan > 2018-11-09 09:25 | Report Abuse

party is over, lets move to another counter

Tongkarat

7,587 posts

Posted by Tongkarat > 2018-11-09 10:11 | Report Abuse

Aiyoyo...

Depeche

4,451 posts

Posted by Depeche > 2018-11-09 16:05 | Report Abuse

Wait for it to hit below 5.

lammy

7 posts

Posted by lammy > 2018-11-11 23:03 | Report Abuse

Oil price down should benefit Hengyuan as their capital reduced profiit margin shld be up

warren buntut

7,854 posts

Posted by warren buntut > 2018-11-11 23:07 | Report Abuse

hahahaha ... oil price down means oil sector bearish market lar ... haaha else hengyuan wont be below 6

lammy

7 posts

Posted by lammy > 2018-11-12 00:42 | Report Abuse

i am happy to disagree with you
, warren

Plug

3,048 posts

Posted by Plug > 2018-11-12 11:40 | Report Abuse

At a four month low..

Posted by Lukesharewalker > 2018-11-12 11:56 | Report Abuse

likely bad QR.

break down soon,,,,,

Dragon88

153 posts

Posted by Dragon88 > 2018-11-12 12:33 | Report Abuse

Good EPS and low PE. Why the price keep going down ?

Tongkarat

7,587 posts

Posted by Tongkarat > 2018-11-12 12:44 | Report Abuse

Aiyoyo...

Posted by PotentialGhost > 2018-11-12 20:31 | Report Abuse

I know this share many people hold until lose money , in earlier they bought at RM 7 and then up to RM19 they are very happy but no sell due to very low PE . Until today still want lose 17% . And many people bought at RM12 . Huge loss

Posted by Lukesharewalker > 2018-11-12 21:12 | Report Abuse

5,20 next

Loh Kok Wai W

3,615 posts

Posted by Loh Kok Wai W > 2018-11-12 23:27 | Report Abuse

大鱼已经吃饱了,只剩下江鱼仔在那咬小小口。

Plug

3,048 posts

Posted by Plug > 2018-11-13 11:04 | Report Abuse

WOOO CHEAP CHEAP but still not dare to buy..waiting lol

Plug

3,048 posts

Posted by Plug > 2018-11-13 11:07 | Report Abuse

When the big snake is full, she sleeps...

strong_sink

2,808 posts

Posted by strong_sink > 2018-11-13 17:32 | Report Abuse

Break 6 is a bad sign. Oil sink will not benefit all oil counters. No such thing as refiner can buy oil at cheap price to refine.

freddiehero

16,715 posts

Posted by freddiehero > 2018-11-13 17:34 | Report Abuse

come meet 3.0

Tongkarat

7,587 posts

Posted by Tongkarat > 2018-11-13 17:51 | Report Abuse

Aiyoyo...

pang72

49,870 posts

Posted by pang72 > 2018-11-13 17:54 | Report Abuse

Wow...

pang72

49,870 posts

Posted by pang72 > 2018-11-13 17:56 | Report Abuse

Who is sour grape two years ago? You can buy now...

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