Is selling price. I would suggest you invest in what you know instead of trying to know what you're investing in.
Petronm have higher price per barrel of 85-87 due to them selling their own oil through their retail arm.
Also, it's not audit season yet. Don't think everything that does not happen as per how you expected, is people trying to scam you.
As an ex auditor, I can tell you no one want to cheat your money. The fees are too low, and in this line, if you fuck up, can go chop head and lose license one. If you really fuck up, whole girl also lose license.
Scam? How to scam. You owe bank 1.3bil, your refinery all in msia, your bank accounts all in msia, your partner is shell.
I know this sounds patronising. But I strongly suggest you consider China index. Sure make money over time, sure better than 50% of the market, and no stress.
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Posted by Sslee > Nov 28, 2018 11:37 PM | Report Abuse
Dear ks55, Bursa and SC are still investigate the auditor and board of CSL, Xingquan and Maxwell. But very unfortunate due to the nature of confidentiality they are unable to update me on the progress and ask me to be patient as investigation is a very long process. As for Hengyuan the plant, assets and bank account are in Malaysia the major owner is mainland Chinese and if there are any fraud it is our minority shareholder duty to held the auditor accountable and bring justices and prosecute whoever involve in fraud. Thank you
In your case, you're definitely the kind to put the cart before the horse.
I don't usually recommend losing one's house as a cure for being foolish in the market. But in your case that may be a good thing because very little else will teach you that you know nothing.
====== Posted by probability > Nov 29, 2018 01:22 AM | Report Abuse
walao eh....this sounds like you are claiming the effects happen before cause...kikiki
I was probably just in a bad mood from working late, coupled with a dose of self destructive tendency, and soft heartedness, that may raise my purchase price slightly now.
Kindly assume I'm an idiot. Hy is going to bankrupt. The refinery going to turn to storage unit for oil. Not even worth 10m.
All go sell tmr. Push it down to rm1 to punish management and bankrupt the Co.
Just in case no one is aware, the last sentence is sarcasm. Or at least the particularly zesty one.
Dont talk shit said going for bankrupt, revenue growing by 2.8% to RM8.73 billion, from RM8.49 billion! It’s billions worth of business not pasar malam alike, and again MTA 2018 is not a surprise, its planned maintenance
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
just one share? no.. keep in your safebox for memorial purpose.. then you can tell your son, you know atuk last time buy HY at RM7, see its still there, dont follow atuk... wakkakakakaa
wait for tan sri to come back once the price hit bottom and profit recovers sure to come back to goring all about money money and more money more fun than casino
Posted by They > Nov 29, 2018 08:23 AM | Report Abuse
I have one share at RM7, should i keep or sell it?
Dear Jon Choivo I refer to your comment: Sslee, That 81 dollar per barrel. Is selling price. I would suggest you invest in what you know instead of trying to know what you're investing in.
My advice to you: 1. Don’t read any more comment in i3 after mid night it is no good for your health. 2. Please give some respect to me I am not so naïve until did not know that USD81 is refer to the selling price. 3. Refer to Petronm q3 report Page 13: Dated Brent Crude average USD 75 per barrel during the quarter. 4. Hengyuan have Long chain cracker that can crack the long chain to more valuable finish products. 5. Hengyuan capable to store Crude oil and oil in transit for 1 month and finished products for 2 week. 6. No investor can claim that he know inside out of the company before he invest in the company and even Robert Kuok have felled into trap set up by fraudulent insider. 7. That is why I attend AGM get to know the auditor, BOD and management and ask questions. 8. I understand the difficult of auditing if the insider really wants to manipulate the account but what I expect is for the auditor to raise red flag so that we minority shareholders can take it up with the SC and Bursa. 9. It did not give me any pleasure in exposing the fraud of red chip companies and their subsequent suspension. I still face with investor coming up to me during AGM I attended and asking me any news on CSL, Xingquan or Maxwell. The truth hurt I wonder if I did not make complaint to Bursa and SC most likely these red Chip companies are still trading in Bursa, my fault and my thousands apologies. I had make a vow not do invest in any red chip companies any more 10. I am trying hard to prove that at least Hengyuan is not a red chip company and I am able to find one good mainland Chinese business man in Hengyuan so please do not disappointed me.
On the long chain cracker, the only question that you should ask is not about the value of the end product. But the spread. Is it wider? Whats the IRR if we take into account the higher cost etc.
And that is a far too complex question, if you need to know the answer to invest, its probably the wrong investment.
How about you go normalize the earning for hy and see.
===== Refer to Petronm q3 report Page 13: Dated Brent Crude average USD 75 per barrel during the quarter.
Hengyuan have Long chain cracker that can crack the long chain to more valuable finish products.
I don't like to write this when HY is below $ 5....but I do like to write this when it is above $ 10....
This HY may not be a red chip now.....but it will be a red chip when the Rapids is fully online ...and HY production is fully reserved for China with transfer pricings....
They are not here to share profits with minorities.....they are here to produce for China.
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....
GoodBoy
6,594 posts
Posted by GoodBoy > 2018-11-29 00:38 | Report Abuse
Reunion party at HengYuan ... hahaha ...