guys, u need to see oil price volatility, not the absolute price. Cos if oil price up down like roller coasters, hard for people like HY and Petron to manage when to buy the crude oil...
Hengyuan's coming Q3 earnings should be very poor due to : I) Its plant was undergoing major turnaround from early Aug'18 to late Oct'18. This means ~2 months in Q3 period would have lower production and sales revenue. ii) RM has weakened against USD in Q3 period. Since Hengyuan has huge USD loan, the forex loss in Q3 will be significant.
One comforting factor for Hengyuan is brent crude oil price has increased from USD79 per barrel in end Jun to USD82.7 per barrel in end Sept. Thus, there would be stockholding gain for Hengyuan. Having said that, the negative factors out-weight positive factor, and we will see another poor Q3 earning quarter for Hengyuan. Its stock price should not fall much after the Q3 earnings announcement as it has already fallen quite a lot in past few months.
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....
PotentialGhost
1,258 posts
Posted by PotentialGhost > 2018-11-14 01:33 | Report Abuse
China stock don't play play , PE 1 also can