Posted by DJThong > 2020-07-24 09:56 | Report Abuse

Can go durian party in the meantime leh

Posted by wallstreetrookie > 2020-07-24 12:20 | Report Abuse

what do you guys think of topglove? Will TG become like heng yuan? How long did the hengyuan bull run last and then crashed? Wanna learn something from mistake

Posted by MichelleNg > 2020-07-24 17:26 | Report Abuse

Topglove will not be another hengyuan but another Nestle

Posted by DJThong > 2020-07-24 19:06 | Report Abuse

TG more sustainable leh. HY had a lucky year with margins and hedging in 2017. It’s not been repeated. Also, it’s rarely crude prices that drive a refining stock. More refining margins, demand and outcome of hedging. You see on the books this board is big on hedging gets.

Posted by DJThong > 2020-07-30 17:02 | Report Abuse

Back to 3. Atarah will need you to fry soon

Posted by Jeffreyteck > 2020-08-04 19:03 | Report Abuse

Still well supported, not bad.

Posted by i3 newbie > 2020-08-05 14:12 | Report Abuse

ATARAH also fed up already hehe

Posted by DJThong > 2020-08-05 17:28 | Report Abuse

Miss ATARAH. So unfailingly positive. Ho ho ho

Posted by Domijack > 2020-08-05 21:52 | Report Abuse

HY q2 --250m coming ?

Posted by hope888 > 2020-08-06 15:16 | Report Abuse

I had a remisier who died. Then the assistant took over and became my remisier. But the current remisier has told me to get another remisier. She told me that I call to many times to check the prices. Although I call only max of 3 times because I wanted to sell my shares. The online search such as the i3investor gives 15 minutes delayed prices. Please someone tell me how can I see the current actual price without delay. Also which online trading is good.

Posted by Panorama1 > 2020-08-07 05:31 | Report Abuse

Watch this ...oil prices on the uptrend !

Posted by pari57 > 2020-08-07 05:41 | Report Abuse

Hope.... sekarang semua Stockbroker ada online trading... no need to consult your remisier to buy or sell.

Posted by ATARAH > 2020-08-08 05:26 | Report Abuse

Hope888

Try register free klsescreener
Was told prices delay 1 minute or 2 minutes
But not sure if live feed or have to update your page every one minute or 2 minutes or no.

I try and I update the page ...better than called remisier.

Posted by ATARAH > 2020-08-08 05:31 | Report Abuse

Yes try open and learn online trading .
You get to control and later try learns how to
See chart beside fundamental.

Bursa Malaysia trading is open sea ...
Either you swallow or being swallow ..
Or being protected by a group of trusted investors friends.

Posted by seriwang > 2020-08-08 06:43 | Report Abuse

oil down , gold up

Posted by DJThong > 2020-08-08 19:23 | Report Abuse

Atarah you’re back. Miss you leh. I need to use Bloomberg when you are not here one. Jia lat.

Posted by linheng > 2020-08-11 01:45 | Report Abuse

China linked counter all up. INIX from 8 cent to 80 cents in 1 week. Kanger for 9 cents to 25 cents also in 1 week. Wonder when this China co going to fly

Posted by DJThong > 2020-08-14 15:07 | Report Abuse

Atarah price not good today. Need your magic words on crude oil prices hoo ha. Faster liao

Posted by Domijack > 2020-08-17 14:09 | Report Abuse

Fly -250m not the dream liao

Posted by lmy059c > 2020-08-18 18:28 | Report Abuse

Hengyuan has proven all the naysayers wrong by posting over RM 48 million net profit for the 2Q 2020 !!!

Posted by wickedlion > 2020-08-18 18:28 | Report Abuse

huat arr!

Posted by newages00 > 2020-08-18 20:14 | Report Abuse

hoseh liao

Posted by DJThong > 2020-08-19 00:39 | Report Abuse

Good leh. I take Atarah to lim kopi and buy Tiffany

Posted by kedahman > 2020-08-19 05:50 | Report Abuse

KUALA LUMPUR (Aug 18): Hengyuan Refining Company Bhd today reported a net profit of RM48.67 million for the second quarter ended June 30, 2020 (2QFY20), thanks to the recognition of deferred tax assets on tax losses previously not recognised.The group had registered a net loss of RM124.12 million for the immediate preceding quarter (1QFY20), which was impacted by low refining margins following a sudden drop in global oil prices, while demand was impacted by the pandemic outbreak. For 2QFY19, Hengyuan had posted a net profit of RM3.28 million.

.... Lucky got deferred tax asset rm48 mil. Anyway, thing was bad due to MCO periods April-June because less people used cars for travelling. The nxt qtr (3QFY20) should be alot better, hopefully.

Posted by Sslee > 2020-08-19 09:00 | Report Abuse

Dear all,
Anyone know what is the below level 2 asset?
Page: 15 of 22
Financial assets
30.06.2020 (Contract Notional Amount)
Forward priced commodity contracts: USD 43,484,000
Commodity swap contracts: USD 673,386,000
Refining margin swap contracts: USD 202,084,000
Commodity options: USD 300,000
Interest rate swap contracts: USD 96,250,000

And
Page: 2 of 22
Cash flow hedge-net fair value gain/(loss) on derivatives used for hedging (net of tax): RM (170,544,000)
Cost of hedging reserve (net oftax): RM (1,543,000)

Posted by BabyAce > 2020-08-19 16:45 |

Post removed.Why?

Posted by gohku > 2020-08-20 12:42 | Report Abuse

It is a hedge and speculation against ;

1. Oil price movement
2. Crack spread movement
3. Interest rates movement
4. Forex movement.

Basically hengyuan very aggressive & active in forward contracts not necessary as hedge only, some are for speculations.

Posted by mikeazk > 2020-08-25 15:07 | Report Abuse

When oil price is very volatile, oil companies traders will benefit from this volatility. Good to see HY had leveraged on this opportunity.

Posted by Tobby > 2020-08-26 11:46 | Report Abuse

Bought at 3.04! See if this favorite oil stock can surge high this round!

Posted by DJThong > 2020-09-02 11:42 | Report Abuse

I miss Atarahs analysis leh

Posted by Ekkram > 2020-09-03 12:40 | Report Abuse

https://oilnow.gy/featured/brent-hits-five-month-high/

Posted by Jeffreyteck > 2020-09-04 12:45 | Report Abuse

Many supporters, should be quite stable from now unless all vaccines proved to be ineffective which is unlikely.

Posted by DJThong > 2020-09-07 18:21 | Report Abuse

Why keep dropping leh

Posted by mf > 2020-09-07 18:22 |

Post removed.Why?

Posted by wallstreetrookie > 2020-09-09 14:46 | Report Abuse

Hi TopGlove 1.0

Posted by DJThong > 2020-09-11 17:19 | Report Abuse

Atarah keep quiet not so prosperous dy

Posted by Jeffreyteck > 2020-09-14 09:13 | Report Abuse

Justify for Q3 and Q4 performance. Anyway, if chief traders want to push up, is easy too. ST negative.

Posted by DJThong > 2020-10-03 17:21 | Report Abuse

Drop a lot. I think the board is quite useless

Posted by Aaron_tan > 2020-10-09 19:20 | Report Abuse

Covid new wave . Oil demand sure drop

Posted by i3lurker > 2020-10-09 19:24 | Report Abuse

not surprising to go back to Shell Refinery price, after all it is the same factory

it is expected to achieve convergence

Posted by DJThong > 2020-10-14 14:28 | Report Abuse

They appointed new director. Sales background - how can sales Aunty help a refinery? Bit of a silly choice

Posted by alfred > 2020-10-17 13:08 | Report Abuse

FIVE makes debut as one-stop petrol retailer for Malaysians
KUALA LUMPUR (Oct 16): FIVE Petroleum Malaysia Sdn Bhd, a new oil company in Malaysia with a focus on localisation, has officially announced its entry into the local petrol retail industry.
Chairman Datuk Juhari Abdul Ghani said the company received its operating licence from the Ministry of Domestic Trade and Consumer Affairs on Jan 15, 2020, and set up its first petrol station on March 7, 2020 in Selangor.
“Early this year, FIVE was in the midst of its building plans after acquiring the licence when the pandemic hit. In compliance with local regulations, FIVE had slowed down its building plans.
Juhari said the company's vision is to develop FIVE as Malaysia’s most competitive and promising local brand and is identifying the most suitable locations in Malaysia to set up modern, high-tech, one-stop petrol stations, and provide Malaysians with the best refuelling experience.
"Due to factors such as population density, location, economic activities, and resources, petrol retail brands rarely consider rural areas as a place to set up stations. For this reason, people who live in remote areas often lack petrol supply.
“FIVE is founded to address this issue. We hope to bring more petrol stations to more locations, so even residents in rural areas can enjoy the technology and convenience offered by FIVE," he explained.
FIVE managing director Datuk Seri Dr King Lim Chin Fui said as a proponent of digitisation in Malaysia, FIVE has also equipped every petrol station with artificial intelligence (AI) and digitised facilities, such as vehicle plate recognition.
"We not only digitalise how the petrol retail business has been done, we digitalise the entire business from the cloud POS (point-of-sale) system, mobile loyalty platform and also enables digital payments technology which uses AI (facial and licence plate recognition) - cashless payment, to bring this to the whole of Malaysia," he said.
He said FIVE has also charted a brand new roadmap for interested entrepreneurs, paving an easier path by lowering the requirements for operating a petrol station.
"FIVE will offer a faster and easier path for interested entrepreneurs. By lowering the requirements, more people will be able to join the petrol retail industry, ultimately benefitting consumers," he added.
Meanwhile, Nanta congratulated FIVE for making its launch and said the oil company is a completely local brand.
"Its purpose is in line with the government’s call to purchase local products. This limits the flow of the ringgit outside of Malaysia, and stimulates internal demand," said the minister.
The company plans to set up 200 FIVE petrol stations in the country within three years, bringing shared prosperity to people of all races, in all locations.
The goal is to move towards Industrial Revolution 4.0 together as a nation, and brings fresh prospects for the local petrol retail industry.

Posted by DJThong > 2020-10-17 14:27 | Report Abuse

FIVE has no refinery. Still need to buy from a refinery somewhere. Hengyuan can maximise but they have a luke warm board with the wrong industry experience. Saying nice things but zero impact to volumes and bottom line.

Posted by DJThong > 2020-10-19 14:26 | Report Abuse

2.78 to 2.84
Range bound. Not helped by lousy board as I said.
Really useless one this board, better give birth to roast meat

Posted by Jeffreyteck > 2020-10-25 12:28 | Report Abuse

Est will break historical low.

Posted by DJThong > 2020-10-26 14:48 | Report Abuse

Down and down. Useless board as I said. All the wrong industry experience. Body not fit. Skills not fit.

Posted by mf > 2020-10-26 14:49 | Report Abuse

Dow futures fall nearly 200 points

Posted by mf > 2020-10-26 14:53 |

Post removed.Why?

Posted by xexlone > 2020-10-28 15:01 | Report Abuse

global O&G company going to shift to Energy company trend.....those day price will not exist anymore...eg Sapura....

Posted by bananachacha > 2020-11-10 10:41 | Report Abuse

Hengyuan is alive!! lets move towards rm4..!!