Shell refinery used to be above RM10 most of the time (you can check). Now, Chinese run the operations, do you think these Chinese can't run better than "Angmo"? Another good thing is entire financial/accounting department is run by local Malaysian. Headed by Ah Moi...
INVESTING Hengyuan-why I suddenly buy back ByKoon Yew YinPosted on April 7, 2018 COMMENTS
As you can see I posted “Hengyuan-why investors sell?”on 4 April to explain that due to the US President Donald Trump declared trade war with China, more than 900 listed companies’ shares in Malaysia dropped their prices. Those sellers were rushing to sell as if the prices would fall further the next day. They were like sheep, always follow the leader. They have the herd instinct. If you read my article carefully, you can see that I did not ask readers to sell.
On 5 April, I posted another article “Henguan- investors over-reacted” and I openly said that I was starting to buy back Hengyuan.
I might be partially responsible for the price to gain 72 sen yesterday. As soon as the market opens, I will continue to buy because I believe what I said in my article quote:
I cannot find another good respectable company share selling at such ridiculously low P/E. I strongly believe the company will start making increasing profit next year and 1 year is not too long to wait. I will buy and wait.
As I said, 3 months ago the price was Rm 18, if I buy it at around Rm 6.??, I can afford to wait 1,2 or even 3 years for it to recover back to Rm 18. Even if it takes 3 years, I will get about 300% in 3 years. What is wrong with about 100% return per year?
Hi Pang 22 ,May I know when was the upgrading and maintenance ? How long did it take .and when did Hengyuan resume their refinery process. Thank you so much Pang.
Aiyo...why so quiet here...takda orang tp QR EPS kah...next mth mau keluar result liao wo...gancheong or not...dunno ...shutdown upgrading affect the sales and profit or not...lai lai lai..refere bikin new competition...Full Year sifu of the year...mau kah...aiyoyo...kikiki
Full Year eps competition..3 qtrs ..add last qtr...total berapa sen...positive or negative eps 1. Tibet Monk 2. Icon8888 3. Tibet Monk 4. Kent 5. LuckyTriple 7 6. Alex 7. 3iii 8. qqq3 9. Bon Jovi Fund 10 SSLee 11.
who else interest to join...can just leave you eps ...referee will add your name later
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....
ken
673 posts
Posted by ken > 2019-02-21 10:06 | Report Abuse
I already keep my stock at comfortable level.. Just wait for the day to come.. For those haven't did it, should do it ASAP..