HENGYUAN REFINING COMPANY BERHAD

KLSE (MYR): HENGYUAN (4324)

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Last Price

2.42

Today's Change

+0.03 (1.26%)

Day's Change

2.39 - 2.46

Trading Volume

638,700


33 people like this.

123,785 comment(s). Last comment by kebling98 1 day ago

CyrusQ

2,058 posts

Posted by CyrusQ > 2019-08-05 15:09 | Report Abuse

Any news with this counter ?

Fam Jenny

7,724 posts

Posted by Fam Jenny > 2019-08-07 23:57 | Report Abuse

I totally agree with Rafidah that calligraghy should not be in the syllabus as it overloading the chinese students with too many foreign languages.First they have to master bahasa melaysia and english which are not their mother tongue language as they speak their own dialect until they start schooling.When they are in school,it is tough to learn the strokes for chinese language which are totally new besides a,b,c.... and grammas for bahasa and english.Now you still want them to learn another language,calligrapy for fun.
Please don't torture them further as children and let them have some joy of life as students.
It is much wiser for you to help them to master bahasa malsysia,chinese n english languages with more allotted time than study calligraghy which is not used globally.

Ekkram

763 posts

Posted by Ekkram > 2019-08-08 14:55 | Report Abuse

huh, 'to master bahasa melaysia?' is that how you spell?

Fam Jenny

7,724 posts

Posted by Fam Jenny > 2019-08-08 18:32 | Report Abuse

Just a spelling mistake n not sitting for examination so not so serious with perfection here.

Fam Jenny

7,724 posts

Posted by Fam Jenny > 2019-08-09 09:17 | Report Abuse

Oh,another mistake,'bahasa malsysia',it should be ,'Bahasa Malaysia'.

stockraider

31,556 posts

Posted by stockraider > 2019-08-09 11:12 | Report Abuse

Remember bahasa melayu are use in indonesia, some southern thailand, some part of phillipine....but these countries bahasa melayu in a way not entirely similiar to msia bahasa melayu mah...!!

So msia bahasa melayu should be called bahasa malaysia loh...!!

Posted by Fam Jenny > Aug 9, 2019 9:17 AM | Report Abuse

Oh,another mistake,'bahasa malsysia',it should be ,'Bahasa Malaysia'.

CyrusQ

2,058 posts

Posted by CyrusQ > 2019-08-14 09:45 | Report Abuse

What’s the outcome of this counter ? So quiet ?

Robinson

334 posts

Posted by Robinson > 2019-08-14 12:04 | Report Abuse

raider is back! so tp 22 by cny?

Alex™

12,593 posts

Posted by Alex™ > 2019-08-16 12:06 | Report Abuse

hehe... anybody home

CyrusQ

2,058 posts

Posted by CyrusQ > 2019-08-19 11:21 | Report Abuse

Any status of this counter ? It seem like back online.

CyrusQ

2,058 posts

Posted by CyrusQ > 2019-08-19 11:22 | Report Abuse

If possible to dive deeper 2$ ?

Ekkram

763 posts

Posted by Ekkram > 2019-08-19 16:32 | Report Abuse

Marubozu! Go go go!

Posted by Airline Bobby > 2019-08-19 20:42 | Report Abuse

When rm10 .... The "gurus"will come back . Dont worry.

Posted by enigmatic [Breaker of Speculative Investing] > 2019-08-20 15:04 | Report Abuse

The hot stock of 2017-2018 is back in action

Kayme

102 posts

Posted by Kayme > 2019-08-20 15:06 | Report Abuse

Petrochemicals 16 Aug 2019 | 07:09 UTC Singapore

Analysis: China's faltering car sales crimp petrochemical, gasoline demand

Singapore — Chinese gasoline and petrochemical demand growth is under pressure from decelerating automobile sales that are expected to worsen this year, exacerbated by a slowing economy, and the currency and trade dispute with the US.

The slowdown threatens the margins of key petrochemical producers in China and other parts of Asia, and paves the way for a growing glut of gasoline supplies flooding regional markets, weighing down on prices and refining margins.

Chinese motor vehicle sales in the first half of 2019 plunged 14.35% year on year to 12.18 million units, according to China's National Bureau of Statistics, reigniting worries of a second consecutive year of falling sales.

China's wholesale car sales dropped 7.8% on year to 1.73 million units in June, despite retailers offering discounts of up to 30% to destock inventories of cars with old emissions standards. Sales are expected to fall 11% on year in 2019, according to S&P Global Platts Analytics.

"As such, we estimate passenger vehicle wholesales will continue dropping by 13% year on year in 3Q19. The decline will likely ameliorate to -2.7% year on year in 4Q19 on the back of year-end discount offered by retailers," Platts Analytics said in its latest China oil market forecast.

"There is no sign of recovery in the Chinese car industry anytime soon amid the US-China trade war, which has extended into the currency war now," Eun Young Lee, equity research vice president, at DBS said.

The International Energy Agency said that while worldwide car sales could drop by 5% this year as the economy slows, the decline will be particularly pronounced in China, which represents a third of global car sales.

The bleak outlook for Chinese car manufacturers is having a direct impact on gasoline and petrochemical demand.

BEARISH ABS AND SBR MARKETS
"Together with a strong increase in production capacity and a general slowdown in economic activity, the sharp drop in automobile sales explains part of the difficulties currently experienced by the petrochemical sector," the IEA said in its latest monthly report.

It added that carmakers use a lot of plastic and petrochemical products, and petrochemical feedstock demand has been particularly weak in recent months, with global naphtha demand under pressure since March and LPG/ethane demand barely recovering to last year's levels.

There is a bearish impact on Asian acrylonitrile-butadiene-styrene (ABS) and styrene butadiene rubber (SBR) markets, both of which are used for car manufacturing, and prices have already fallen.

ABS prices hit a three-year low of $1,370/mt CFR China August 7, while prices for SBR for the 1502 grade -- commonly used in passenger vehicle tires -- also dipped to an eight-month low of $1,290/mt CFR SEA August 8, according to Platts assessments.

Should car sales dip further, ABS demand over one year could shrink by around 768,000 mt, market sources said.

Some SBR producers, such as China's Zhejiang Transfar Chemicals Group, China Shenhua Energy Co. Ltd. and Thailand's Bangkok Synthetic Co., have already announced plant maintenance shutdowns in response to the negative margins.

With July's SBR margins averaging minus $105.53/mt, basis CFR China, several SBR sources have also warned of more cuts in following months should negative margins continue.

GASOLINE EXPORTS SHRINK
Lower car sales are also stifling gasoline demand growth and worsening the already persistent domestic oversupply in China, prompting higher exports in coming months.

"China's gasoline demand growth has been on a slow decline. Year-on-year growth for 2019 is expected to be around 75,000 b/d, down 29% from the previous year," Anthony Tso, senior analyst at Platts Analytics, said.

"Dampened domestic demand may become more apparent in 2H19, which will encourage more gasoline exports, up to 400,000 b/d (approx. 1.4 million mt) on average for the rest of the year," he added.

China's gasoline exports in May and June were at a relatively low level of 848,000 mt and 998,000 mt, respectively, but analysts said exports in July and August could top 1 million mt/month, with at least one Singapore-based analyst projecting exports of 1.5 million mt.

Oil companies only consumed 42.7%, or 6.78 million mt, of their year-to-date gasoline export quotas in H1, leaving at least 9.11 million mt quota available for rest of the year, Platts data showed.

Fundamentals in the Chinese domestic gasoline market have been weak as large-scale private refineries, like the 400,000-b/d Hengli Petrochemical (Dalian) Refinery have flooded the market, even as China works on a long-term shift away from internal combustion engine or ICE vehicles to electric vehicles.

signalmw

3,314 posts

Posted by signalmw > 2019-08-20 16:48 | Report Abuse

Buy hengyeun every drop bellow 5

Posted by DingDongHai > 2019-08-20 17:00 | Report Abuse

Tora datang lagi

Posted by DingDongHai > 2019-08-20 22:29 | Report Abuse

World economy is down. Who want to consume the oil?

moneypedia

5,987 posts

Posted by moneypedia > 2019-08-20 22:47 | Report Abuse

lama talak lawat ah fah di pudu laya...

apple168

6,236 posts

Posted by apple168 > 2019-08-21 07:30 | Report Abuse

Economic recession, less or no money to buy car, less cars in the street, even lesser drivers crowding petrol station to pump petrol! To make thing worse, more and more people start to switch to hybrid car to save money on petrol.

apple168

6,236 posts

Posted by apple168 > 2019-08-21 07:42 | Report Abuse

HengYuan PE minus 45! EPS minus 11.5! ROE minus 1.8!

I repeat again HengYuan PE minus 45! EPS minus 11.5! ROE minus 1.8!

Repeating again HengYuan PE minus 45! EPS minus 11.5! ROE minus 1.8!

HengYuan company is terribly sick in terms of fundamental analysis! Forget about technical aspects!

Remember rule 1: protect your capital! Do not lose your hard earn money!

CyrusQ

2,058 posts

Posted by CyrusQ > 2019-08-21 19:19 | Report Abuse

@apple168- you sound like those “old news paper” haha. Chasing everyone away and you keep pilling up haha

signalmw

3,314 posts

Posted by signalmw > 2019-08-25 11:28 | Report Abuse

Mo daynow

3iii

12,918 posts

Posted by 3iii > 2019-08-26 08:31 | Report Abuse

Falling refining margin is going to impact negatively on Hengyuan's profit.

Poor raider.

3iii

12,918 posts

Posted by 3iii > 2019-08-26 08:39 | Report Abuse

On hindsight. Reviewing Hengyuan since the recommendation by otb and his henchmen.


The smartest players: otb and friends.

The smart player: kyy

The stupid players: r--d-r. (TP 45!)

apple168

6,236 posts

Posted by apple168 > 2019-08-26 16:18 | Report Abuse

One dollar Money Game"

Story begins like this...

It is said that Yale University Professor KO once took out a one-dollar bank note. Please ask for the price of this bank note, starting at 5 cents. The increase is in 5 cents, and the highest bidder gets this $1 bank note, but the bid "highest and second highest" must pay the auctioneer the amount of the bid, which means that the second highest person must pay and can be obtained.

This kind of unique dollar auction has invited everyone's interest. Many students started bidding. For convenience, I will only list the highest and second highest bids.
Student A bids 5 cents
Student B bids 10 cents
Student A goes out to 15 cents
Student B goes out to 20 cents...

When the two students reached 45 cents and 50 cents, they started to feel a little bit wrong. At this time, if no one gives a higher price, the professor will lose 50 cents. At this time, A wants to lose 45 cents if he does not bid, so he continues to bid 55 cents, I thought I might earn 45 cents.

Of course, B is not willing to lose, he has been 5 cents more than A. When A goes out to 95 cents and B goes out to 100 cents, B can't make any money, and A thinks if he doesn't bid. To lose 95 cents, you may lose only 5 cents if you continue to bid.

Then
A continues to out to 105 cents...
B continues to go to 110 cents...
......

The last dollar was auctioned for $20! At first the students just had the opportunity to pay a few hundred cents for the professor's dollar.

The most subtle design of this auction is that the second highest bidder also needs to pay the price he shouted, but in the end nothing can be obtained.

Many people just fall into the trap because they are in the trap. The baby's heart is bitter, but the baby doesn't say it. It will drag those who want to take advantage of it into this money game, and eventually lose both.

In fact, at first, students are feeling interesting and thinking that they can even make a small profit, but when the bids going higher, they actually feel that they are in trouble, but in order not to let themselves losing up, hence, continuing to bid, and finally, regret to participate in this auction.

In reality, why do people fall into the money game trap again and again? We believe this is likely due to GREED! In order to earn pocket money, the result is "winning the sugar, losing the whole factory."

There is “no elevator to success, you hv to take the stairs”.

Good Luck!

signalmw

3,314 posts

Posted by signalmw > 2019-08-26 16:30 | Report Abuse

Uy

BullRun_93

1,374 posts

Posted by BullRun_93 > 2019-08-29 01:55 | Report Abuse

anyone know KYY still owns this counter? am thinking of buying some. :/

3iii

12,918 posts

Posted by 3iii > 2019-08-29 18:40 |

Post removed.Why?

Robinson

334 posts

Posted by Robinson > 2019-08-29 19:07 | Report Abuse

only earn 1 cent this q. tp 2.0

apple168

6,236 posts

Posted by apple168 > 2019-08-29 21:14 | Report Abuse

HengYuan profits drop near 100%! Bad bad bad!

apple168

6,236 posts

Posted by apple168 > 2019-08-29 21:15 |

Post removed.Why?

Ekkram

763 posts

Posted by Ekkram > 2019-08-29 21:16 | Report Abuse

3.3b rev only earn 3.3mil, kau pergi jual lembu nfc lebih baik.

Fam Jenny

7,724 posts

Posted by Fam Jenny > 2019-08-29 21:20 | Report Abuse

I attended a seminar n the speaker said Malaysia had very good business opportunies for the next five years n many millionaires will be created here through e-commerce n online business.
So seize the chance if it is open to you.

Posted by beginner20 > 2019-08-29 22:46 | Report Abuse

please have a look at its nta increment. why?

BullRun_93

1,374 posts

Posted by BullRun_93 > 2019-08-30 10:21 | Report Abuse

@beginner20
is it because they bought some tangible assets? :/ hehe just guessing am not sure

BullRun_93

1,374 posts

Posted by BullRun_93 > 2019-08-30 10:30 | Report Abuse

lucky never buy this yesterday. you guys are smart never make noise. if you guys said buy yesterday i'm sure will kena kow-kow again. :D

WHO AM I

274 posts

Posted by WHO AM I > 2019-08-30 17:41 | Report Abuse

TP RM 2

Posted by enigmatic [Breaker of Speculative Investing] > 2019-08-30 17:58 | Report Abuse

Fake breakout that day. This proves that Hengyuan is fundamentally atrocious & likely to be subjected to manipulation. Think TWICE before investing your money.

3iii

12,918 posts

Posted by 3iii > 2019-09-01 11:04 | Report Abuse

What is the intrinsic value of Hengyuan?

At one time, not too long ago, it was promoted as the most undervalued stock.

According to active promoters, those who did not appreciate its huge margin of safety and did not buy, were fools.

Which fools are swimming naked now the tide has receded?

Posted by EatCoconutCanWin > 2019-09-02 11:52 | Report Abuse

Hengyuan is china company. Impacted by trade war?

ks55

3,802 posts

Posted by ks55 > 2019-09-02 12:01 | Report Abuse

Stock: [HENGYUAN]: HENGYUAN REFINING CO BHD

Dec 31, 2017 09:31 PM | Report Abuse

When did Hengyuan pay dividend for the last time? 2013?
When do you expect Hengyuan to pay dividend again? 2023?

Like all Red Chips, if you still think Hengyuan is making 5 ringgit or 10 ringgit a year, and expect windfall dividend, you might as well wait for Xinquan to declare a 10 sen dividend.

Sama-sama lah, all are red chips.

Don't believe, check CAP, Maxwell, CSL, Xinquan, Xinghe, Kanger, CNOuhua, all were PE 1.5x, and all cannot afford to pay dividend.

Later on fire will break out in their factories/ refinery.

Be careful, when major shareholders start to unload, it will be like Maxwell owner selling her share at 2 sen.........

freddiehero

16,715 posts

Posted by freddiehero > 2019-09-03 18:27 | Report Abuse

nice.. still long way to go..

Robinson

334 posts

Posted by Robinson > 2019-09-10 11:49 | Report Abuse

still tp 22 by Chinese new year haha? asking stockraider

5c0160

1,763 posts

Posted by 5c0160 > 2019-09-10 18:57 | Report Abuse

rubbish counter touch year low break 435 tmr 4.00.

mf

28,412 posts

Posted by mf > 2019-09-10 19:12 |

Post removed.Why?

Robinson

334 posts

Posted by Robinson > 2019-09-11 12:52 | Report Abuse

should back to 3.0

ongkkh

220 posts

Posted by ongkkh > 2019-09-11 20:34 | Report Abuse

Just Changed CFO

Robinson

334 posts

Posted by Robinson > 2019-09-11 20:44 | Report Abuse

so????

5c0160

1,763 posts

Posted by 5c0160 > 2019-09-12 19:03 | Report Abuse

Still downtrend counter.

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