Flight easily maneuvered through the expected air turbulences ~ 5.80-6 level today. It will be smooth flight all the way & heading towards current Petron level of 7 plus. Good call for all those who joined in the Last Call @5.37 just early yesterday ... double digit return in 2 days -)))
Q4 Loss already a foregone conclusion and already factored in to the current over-corrected share price. Market/Share price will react in advance (at least 6 months) based on the future envisaged/projected profitable results.
Still make money even if at Limit Down price tmrw but we shall see. Everybody selling Gamuda & TM towards their low of 2 & just look at the Share Price now after a few months. The same for Genting & GenM. Buy when everyone fearful ... nothing venture nothing Gain.
I got bought back some position around Rm 5.00 level on hengyuan in dec to jan period loh....!!
Looking at Petron result & the crack spread,I suspect result hrc would not be good...unless they have charge out all the statutory maintenance cost in q3 and have hedge their crack spread way ahead loh...!!
Posted by pang72 > Feb 21, 2019 08:20 PM | Report Abuse
Raider, go to hengyuan la.. Big time and opportunity coming liao
The good point of Hengyuan is that to start a brand new refinery like Hengyuan, it will cost u at least Rm 10 billion or Rm 33 per share mah....!!
The current hengyuan plant already overhaul & its cost only Rm 1.8 billion, thus at current valuation of hengyuan compare with brand new...maybe it made economic sense loh....!!
I suspect Hengyuan should sustain at Rm 6.00 with opportunity of rerating loh....!!
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....
LA777
3,383 posts
Posted by LA777 > 2019-02-21 16:35 | Report Abuse
Must sell other shares and buy more HRC now.