Posted by pang72 > 2020-11-24 23:30 | Report Abuse

Brent oil recover... Hengyuan back to rm19...

Huhu..

Posted by gemfinder > 2020-11-24 23:31 |

Post removed.Why?

Posted by protrader888 > 2020-11-25 00:16 | Report Abuse

Wah, oil price sudden rise from 43 to 45 just today, so aggressive. Can’t imagine how good for the hengyuan profit In next quarter. Huat ah !

Posted by lamching > 2020-11-25 08:20 | Report Abuse

Aiya, didn’t buy more yesterday, hope today no shot up ~

Posted by salarynotenough > 2020-11-25 08:37 | Report Abuse

Brent oil price is now USD 47.8
back to pre covid time

Posted by pang72 > 2020-11-25 08:40 | Report Abuse

gemfinder Wa pang now goreng hy n petron ka
24/11/2020 11:31 PM

YA! GEMFINDER,
I AM SURE HENGYUAN AND PETRON SUIT TO YOUR GROWING CRITERIA!!

Posted by pang72 > 2020-11-25 08:41 | Report Abuse

Brent oil will cross over usd50 soon...

Posted by steveninvest > 2020-11-25 08:46 | Report Abuse

Oil price reached the highest price in a month today ~

Posted by pang72 > 2020-11-25 08:47 | Report Abuse

Remember to sell on rm19. 00 will do!..

We will put up target price at RM22. 00....!!!!

Posted by pang72 > 2020-11-25 08:48 | Report Abuse

Many expert will help to publish the report for hengyuan later like in glove stock...
Not to worry no report for reference!!

Posted by sten_still > 2020-11-25 09:41 | Report Abuse

today is the earning report

Posted by steveninvest > 2020-11-25 10:34 | Report Abuse

target price Rm19 like last time...
better switch all the gold stock to oil stock now !

Posted by pang72 > 2020-11-25 10:44 | Report Abuse

QR maybe 29nov20...

Posted by DJThong > 2020-11-25 11:49 | Report Abuse

steveinvest I hope you right but got so high meh. What basis oh

Posted by longtermvaluegain > 2020-11-25 12:48 | Report Abuse

Telll you, many countries unlock down now.

Posted by LA777 > 2020-11-25 13:16 | Report Abuse

Buy little to support Hengyuan.

Posted by pang72 > 2020-11-25 14:43 | Report Abuse

Rm19 target was memorable...

History repeat!!

Posted by pang72 > 2020-11-25 17:57 | Report Abuse

I wish to sell at rm19. 00 agsin..

May my wish come through this Christmas??

God bless me!

Posted by steveninvest > 2020-11-26 00:38 | Report Abuse

Now only oil stock can buy, better keep it for Chinese New Year as Ang pow.

Posted by steveninvest > 2020-11-26 05:50 | Report Abuse

Oil price reached the highest price in a month today ~

Posted by bananachacha > 2020-11-26 10:35 | Report Abuse

pang72.. i wish the same too haha..

Posted by sten_still > 2020-11-26 11:48 | Report Abuse

Today is the T3 for most of the counter, force selling take place later but hengyuan will remain at the constant price because we no contra players here. All hold until RM13.... xoxo

Posted by longtermvaluegain > 2020-11-26 14:12 | Report Abuse

Carimin QR announce today.

Posted by DJThong > 2020-11-26 14:27 | Report Abuse

Hengyuan always second or third last day. The old chairman will talk then the bimbo translator will struggle to communicate his message. Translator is a bit stupid and she got other services to do also so takes time.

Posted by SuperPanda > 2020-11-26 19:22 | Report Abuse

superb result, 154m profit !

Posted by SuperPanda > 2020-11-26 19:25 | Report Abuse

those already on board can now sit back and relax watch show for the next 6 mths

Posted by SuiChaBo > 2020-11-26 19:25 | Report Abuse

H9e rm20

Posted by Tete7893 > 2020-11-26 19:36 | Report Abuse

2 moro defenitely drop....

Posted by SuperPanda > 2020-11-26 20:06 | Report Abuse

gloves counter with big profit drop bcoz already rally too high before the big profit is seen, so when rpt release those sit on big profit sell on strenght

hengyuan is at bottom now, compare to petronm dan petdag, its very undervalue

at least should match with petron or slightly higher

tomorrow if drop, i believe many want to buy cheaper and hold hoping history to repeat

Posted by longtermvaluegain > 2020-11-26 20:13 | Report Abuse

https://m.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=4324&section=financial

Posted by pang72 > 2020-11-26 20:31 | Report Abuse

pang72 Wait for QR..
Should be surprise to everyone!! In good direction!!
24/11/2020 12:32 PM


pang72 Rm19 target was memorable...

History repeat!!
25/11/2020 2:43 PM
X
pang72 I wish to sell at rm19. 00 agsin..

May my wish come through this Christmas??

God bless me!
25/11/2020 5:57 PM

MY WISH COME THROUGH..... LIMIT UP LA!!

Posted by pang72 > 2020-11-26 20:34 | Report Abuse

EPS 51c x4 =rm2. 04

PE 3.47/2.04 =1.7....

Niama....

Rm19. 00 target mari lo...

Posted by pang72 > 2020-11-26 20:35 | Report Abuse

I smell limit up tomorrow.. What else??

Posted by pang72 > 2020-11-26 20:37 | Report Abuse

Budget approve and if Brent up too for To9...

Tomorrow fly to sky!!

Posted by ming > 2020-11-26 20:39 | Report Abuse

Haha,, this is last time how kyy con ppls

Posted by pang72 > Nov 26, 2020 8:34 PM | Report Abuse

EPS 51c x4 =rm2. 04

PE 3.47/2.04 =1.7....

Niama....

Rm19. 00 target mari lo...

Posted by pang72 > 2020-11-26 20:42 | Report Abuse

ming Haha,, this is last time how kyy con ppls

Posted by pang72 > Nov 26, 2020 8:34 PM | Report Abuse

EPS 51c x4 =rm2. 04

PE 3.47/2.04 =1.7....

Niama....

Rm19. 00 target mari lo...
26/11/2020 8:39 PM

THEN YOU CAN TAKE THE OPPORTUNITY TO BUY 3 ANS SELL 19 TO CON KYY THIS ROUND LO!!!

Posted by pang72 > 2020-11-26 20:50 | Report Abuse

Day in day out critics people con you.
You dont hv your opinion to buy stock? You better stop buying share... My sincere advise!!

Posted by DJThong > 2020-11-26 20:59 | Report Abuse

Priced in . Tomorrow maybe drop gwa. Take profit.

Posted by gemfinder > 2020-11-26 21:06 | Report Abuse

Looks like huge gain is one off

Posted by pang72 > 2020-11-26 21:07 | Report Abuse

SuperPanda superb result, 154m profit !
26/11/2020 7:22 PM

SuperPanda those already on board can now sit back and relax watch show for the next 6 mths
26/11/2020 7:25 PM

OUR WISH COME TRUE!!

EPS 50C IS ONE OF THE TOP EARNING IN BURSA!!

EXPECTED GLOVE BABY SHIFT OVER TO HENGYUAN AGAIN

Posted by jibbie > 2020-11-26 21:20 | Report Abuse

Petron good results. HY even better

Posted by pang72 > 2020-11-26 21:23 | Report Abuse

Always the case!!

Hengyuan is better than petron in earning...

Posted by SuperPanda > 2020-11-26 23:35 | Report Abuse

Hengyuan’s 3Q net profit triples on higher oil prices
theedgemarkets.com

November 26, 2020 21:57 pm

KUALA LUMPUR (Nov 26): Hengyuan Refining Company Bhd’s third quarter net profit tripled to RM154.91 million or 51.64 sen per share, from RM48.67 million or 16.22 sen per share in the preceding quarter, on higher average prices of oil products.

“The positive combination of stockholding gains and support from oil margin swaps for the current period resulted in a comparatively higher gross margin and net profit against the previous quarter,” the group added in a filing with Bursa Malaysia.

Revenue for the third quarter ended Sept 30, 2020 increased 30.84% quarter-on-quarter to RM1.59 billion, from RM1.21billion.

Hengyuan’s third quarter net profit is all the more impressive, when compared with the quarterly net loss of RM11.43 million reported a year earlier.

Revenue, meanwhile, was just half of the RM3.23 billion reported for the year-ago third quarter.

For the cumulative nine-month period ended Sept 30, Hengyuan’s net profit jumped by a whopping 492.24% to RM79.46 million, from RM13.42 million for the same period last year. Revenue, however, was down 43.62% to RM5.35 billion from RM9.49 billion.

The group said the lower quarterly and nine-month revenue was due to a decline of 35% and 33% respectively, in the price of oil products.

The sales volume of 7.7 million barrels in the third quarter and 25.4 barrels in the nine months was lower than the 10.7 million barrels and 31.5 million barrels in the comparative periods, due to a drop in local demand for oil products, following the implementation of the Movement Control Order since mid-March.

The group, however, recorded stockholding gains as it realised sales of inventories that were accumulated during the second quarter when crude prices were low, which helped to lift its profitability.

“The positive effects of margin and commodity hedges further helped uplift the gross oil margins, which the company has put in place as part of its risk management measures, it added.

The group also said a net forex gain of RM36.5 million was recognised in the third quarter, as the ringgit strengthened from RM4.28 to RM4.15 against the US dollar.

“Tax effects for the current quarter and cumulative period includes the utilisation of reinvestment allowance and recognition of deferred tax asset on tax losses previously not recognised,” it added.

On prospects, Hengyuan said the global oil market largely depends on the recovery of global economies, as lockdowns have been renewed across many countries globally.

“While the challenges around the oil industry remain unabated, the company will continue to focus on operational efficiency, safety performance, product quality, hydrocarbon hedging and financial risk management in optimising the company’s performance,” it added.

Shares of Hengyuan closed one sen or 0.29% lower at RM3.47 today, valuing the group at RM1.04 billion. Year-to-date, the counter has fallen by 18% from RM4.21 on Jan 2.

Posted by SuperPanda > 2020-11-26 23:38 | Report Abuse

management doing a very good job in hedging inventory when oil price low and earn from forex

well done

Posted by Sslee > 2020-11-27 07:10 | Report Abuse

https://oilprice.com/Energy/Energy-General/A-Refinery-Crisis-Is-Brewing-In-Oil-Markets.html
The bulk of announced shutdowns will take place in mature markets like Europe, North America and Japan, where 12 facilities are expected to close before the end of 2021. Asian refineries are also victims to the changing refinery climate and are expected to remove over 1.0 million barrels of daily refining capacity by 2021. 50% of Asian capacity closures stem from China, which has 550,000 bpd of announced closures from less-efficient, independent teapot refineries to make way for the giant Yantai refinery complex in the Shandong oil hub.

Posted by SuperPanda > 2020-11-27 07:23 | Report Abuse

for 15 yrs of trading, reading articles, news and spend so much time in forum wont help you make money in trading

“trade what you see” and “follow the trend” is the best method

for the past 6 mths, hundreds and thousands of news mentioned abt market crash, it was not happened and stock has rallied 300-400%

Posted by SuperPanda > 2020-11-27 07:32 | Report Abuse

teach you how to “trade what you see” based on latest chart

petdag is on uptrend from rm17 to 22
petron is on uptrend from rm3 to 4
hengyuan is on uptrend from rm2.6 to 3.5

the chart will be volatile due to oil price and market change but as long as the trend is above support, this is where you should buy and hold

cheers

Posted by steveninvest > 2020-11-27 08:04 | Report Abuse

Earning profit then only so many people come out to give commend. Previously so quiet. Haiz..

Posted by pang72 > 2020-11-27 08:20 | Report Abuse

Morning, I invest in hengyuan because it was rm19 past year..
Uncle gave target price RM22. 00. Furthermore it drop to near all time low.

With the oil recovery, hengyuan will back to rm19 with kick start from the recent QR of EPS 50c!!!!

Huat rrrr!!

Posted by pang72 > 2020-11-27 08:36 | Report Abuse

Limit up 4.5?