Steven... both different industry. N heng yuan rise up to rm18. U can double up...I can go up 450% Heng yuan is about crack spread. Last few months oil drop until so low. Now 45usd... profit is huge
Think of at least 3 months. Today oil price drop a bit. Doesnt mean anything yet. for past months heng yuan had been buying cheap oil. Now is range between USD38-45. So today 45, tomorrow 42, its fine. Look at next quarter EPS. I think when hengyuan is stable at RM10 many years back, PE is about 9. Lets take PE = 6, EPS 50cents, Its worth RM12 share.
@cfyang,last thursday while im swimming at pd i saw a guy taking photo in front of the refinery,without any delay i just whacked tons of hengyuan shares
so next time when u see some one taking photo in front of the company,just buy u wont go wrong.very sad this is the investing idea for the newbie nowadays
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....
SuperPanda
11,431 posts
Posted by SuperPanda > 2020-11-30 11:52 | Report Abuse
laugh and smile now see profit