err.... surprise to see the losses (higher than what I thought it should be) but more surprises seeing Hengyuan in cash position, as if the management knows the oil price is to drop?!? Or, is it just coincidence due to plant upgrade?
Its a good new actually, we can expect the lower rev due to lower production activities in the Q3, its not a surprise. MTA 2018 $1.5mil below budget, so for the next 5 years will be no MTA, thats the ka-ching! When they spent millions for MTA, you believe they will go bankrupt? This is the best time to jump in @ this kind of price! Will be some panic sell but surely they will regret later on, wkwkwkw
The result does not reflect of any trend of cont. loss, since 21 Oct they already resume back operation post MTA 2018, moving forward will be sweet for this counter.
“As a direct result of the planned shutdown due to MTA 2018, the refinery recorded a reduced sales volume of 5.9 million barrels and 26.9 million barrels respectively for the current quarter and cumulative period ended 30 September 2018, compared to the 10.9 million barrels and 30.7 million barrels recorded in the corresponding comparative periods.”
Derivative gains/loss, is recognized in "Other comprehensive income". despite it being it being used to hedge crack and oil volatility during the normal course of business.
Net those together, what do you get?
And then double the revenue and the net figure, to normalize for normal volume of sales.
What figure do you get?
I'm not going to tell anyone more. Id rather top up at RM1.8 than RM4.
==== Posted by deMusangking > Nov 28, 2018 09:46 PM | Report Abuse
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....
trulyinvest
2,370 posts
Posted by trulyinvest > 2018-11-28 19:55 | Report Abuse
Those chased today, kena. Congrats. Another xinguan in d making