i have waited for 2 long years..i bought at RM3.xx when it was still Shell...sold some at RM19.... i bot back some at RM7.xx then it menjunam till now slowly recovering. i hope it goes back to RM19 so that i can sell again......god, please help!
already sold or not yet buy? he he, btw tomorrow is sat _______________ steveninvest I already said resistance line is at 3.95. If cannot cross it today, guess what will happen to share price tomorrow.
Superpanda, we all bought at 2.87, that is why u saw my previous comment in hengyuan. Just it touch resistance price 3.95, most likely will drop back on Monday..
@steven, already said oil price and market surely volatile. it will retrace but the trend is up
tell your sifu to follow the trend, volume on fri was 10m means many collect compare to prev trade, retracement is good to move higher as long as not breaking new support
if already profit, just let the profit grow, it it drop back set your stop limit price to lock profit but HY still at bottom have so much space to go up
your sifu sell call was too early, the resistance will break soon and later those selling have to decide to buy back or not once resistance is broken
then you continue waiting it to go lower near support but if it not happen, have to buy back at higher or watch with regret
Q ended 31 March 2020, lost 123.6 million. Q ended 30 Sep 2020. make 152 million. Don't need do business. Just stockpile oil and do speculation. That's what a lot of Chinese refinery do. They stockpile crude when its was cheap.
steveninvest - you must scold your sifu asked to sell, your sifu must learn from hengyuan sifu here that still holding _____________________ your sifu sell call was too early, the resistance will break soon and later those selling have to decide to buy back or not once resistance is broken
then you continue waiting it to go lower near support but if it not happen, have to buy back at higher or watch with regret
It's just starting to pick up last week. Eps 50 cents is really impressive seeing its revenue its half of its usual revenue. So if world economy open up in Q1 and opec extends cuts till q1 2021... oil price go up. Activities pick up. Revenue should grow n eps should increase due to the high crack price. Basically they buy oil when it's cheap n sell it higher when oil pick up
Unless they got maintenance schedule on their plant. Otherwise... if the crack price widen... then rm8 to 10 can be immediate target by q1 2021. If eps goes to rm1... this stock will fly to rm18 again. See u guys there
Do you know if you switch to buy dayang instead of hengyuan, you can buy many dayang Stock, definitely your profit will be larger than hengyuan. Both are oil stock. Just dayang started to fly..
Dayang's EPS is only 3.4 as compared to HY's 51.64. At current value, it's still considered undervalued. To give you a perspective, HLB's EPS is 35.6 at its current price of RM17.76.
When the crude oil price was 45usd last time, the price for Dayang Enterprise(5141) on was RM2.74 last time. Now the price for dayang only Rm1.21. Very big potential to rise than hengyuan. Compare hengyuan, when the crude oil was 45usd last time, the price for hengyuan was Rm4 only. Pls see the history. Which one potential to rise now.
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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....
pang72
49,870 posts
Posted by pang72 > 2020-11-27 16:25 | Report Abuse
This is butaland money!!
As easy as drop from sky!!