I agree with sslee after much due diligence ,that HRC is not forthright in its dealing, operations and disclosures, thats why capex way exceeded budget and profitably fell short of target loh..!!
Current price Rm 3.88 looks cheap, but better join brother Jon Choivo buy Petron mah...!!
Yes u pay more premium for Petron, but u r paying for a better manage company, stronger balance sheet, better dividend & profit and u r buying into a more balance company with Petrol station & refinery mah...!!
I think Petron may can even give a very good run for the money against PETDAG and SHELL, as Petron being no 3 boys has gained mkt share with the latest record of 21% mkt share mah !
U r safer with Petron Petrol station and Refinery compare to pure Hengyuan Refinery loh...!!
For those hoping Hengyuan can get back to Rm 19.00, i think u should put your dream in Petron better mah...!!
Posted by pang72 > Feb 14, 2020 5:24 PM | Report Abuse
Why Eveeyone grab on rm19 but nobody grab in rm3 88?
What’s happening to Hengyuan ? Anybody has any news ? I have not been monitoring this counter as already maximized position in a Single counter & fully invested at ” bottom fishing” cost.
It was definitely panic selling to the recent low of < 3.50 due to Covid-19. Although it will not head back towards the previous high heyday price range, 4.50-5.50 will be a fairer valuation range in the immediate term.
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....
RedEagle
3,194 posts
Posted by RedEagle > 2020-01-31 22:00 | Report Abuse
So sad..from Rm8 sĺowly down to Rm3.. Ermm