SSlee sifu, in the article, it mentioned that :- "The company will cut 500 jobs by the end of 2023 at the site." Is this indicate that this type industry will not be good for another 3-4 years?
the share have been undervalued for sometime. hengyuan perform hedging on crude and thus enable them to be better off compare to the other player in the market. if you see their financial result, the result is much better than the peers in previous 2-3 quarters. with shell closing down refinery within same region like Philippines and resizing Singapore plant, i feel hengyuan will have in better position to get those regional businesses. so i bet we can easily see the price go back to pre-covid time as once the covid subside, petrol demand will go up and with so many closure of refinery, supply will be limited.
I just scared. Buy a bit ny. Hope the Chairman stuck at kampung in China. He talked a lot alof nonsense at last years AGM. Then mistranslated - the translator is very stupid - silly girl say wrongly all the way. Tai lok mui. So I scared de
after buy hold tight and wait for big profit if you can patient enough, every next coming qtr will meet uncle golden stock selection rule (just borrow to mock him)
market is a cycle, the downtrend cycle has end and now come the uptrend
in 3-6 mths when covid getting lesser (evey flu has its cycle too), crack spread margin improve and the good old days will come
Many investments were made earlier and cannot be culled although demand for some oil products will peak sooner than expected, market sources said separately and away from the conference.
The country is expected to add 440,000 b/d or 22 million mt/year of new capacity, set to be in commercial operation in 2021, in addition to the 260,000 b/d expected to come online in 2020, S&P Global Platts data showed.
"However, China's oil product demand in 2021 would only recover to the level in 2019 while demand in the overseas [markets] would remain lower than that in 2019 due to the ongoing pandemic," Han said.
"The additional product supplies would have nowhere to go, refineries have to cut utilization rate as a result," she added.
PetroChina foresees China's apparent domestic oil product demand to fall 4.7% year on year to 322 million mt in 2020, with demand for gasoline likely to fall 2.4%, gasoil consumption expected to drop by 1.1%, and that of jet fuel to slump 28.9% on the year, according to Han.
Hengyuan adakah glc lah. Daerah punya. Lihat orang tua tu yang Chairnnan. Walaupun tak ada pengalaman pun jadi Chatman. Sudah 3 tahun tak berapa untung.
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....
steveninvest
405 posts
Posted by steveninvest > 2020-11-10 10:53 | Report Abuse
My sifu said Hengyuan stock is going to rise now. Buy signal come.