HENGYUAN REFINING COMPANY BERHAD

KLSE (MYR): HENGYUAN (4324)

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Last Price

2.41

Today's Change

+0.02 (0.84%)

Day's Change

2.39 - 2.46

Trading Volume

248,200


33 people like this.

123,785 comment(s). Last comment by kebling98 5 hours ago

gemfinder

6,880 posts

Posted by gemfinder > 2021-03-17 20:41 |

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gemfinder

6,880 posts

Posted by gemfinder > 2021-03-17 20:48 |

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gemfinder

6,880 posts

Posted by gemfinder > 2021-03-17 20:49 |

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gemfinder

6,880 posts

Posted by gemfinder > 2021-03-17 20:50 |

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Bgt 9963

7,445 posts

Posted by Bgt 9963 > 2021-03-17 21:24 |

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gemfinder

6,880 posts

Posted by gemfinder > 2021-03-17 22:02 |

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gemfinder

6,880 posts

Posted by gemfinder > 2021-03-17 22:02 |

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gemfinder

6,880 posts

Posted by gemfinder > 2021-03-17 22:04 |

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gemfinder

6,880 posts

Posted by gemfinder > 2021-03-17 22:05 |

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Bgt 9963

7,445 posts

Posted by Bgt 9963 > 2021-03-17 22:27 |

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williamtkb

3,216 posts

Posted by williamtkb > 2021-03-17 22:35 | Report Abuse

Happy to see pang72.... As he always bring me huge profit. Thanks

5354_

4,737 posts

Posted by 5354_ > 2021-03-18 05:02 | Report Abuse

Oil going down. Run.

gemfinder

6,880 posts

Posted by gemfinder > 2021-03-18 11:19 |

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Posted by CatchThe Bull > 2021-03-18 12:32 | Report Abuse

Every price drop is a good chance to buy in, this only apply for up trend stocks and 顺周期procyclical up trend stocks. Share price volatility, but share price will increase against longer time frame.
Why is HY share price so volatile?
As you can see from analysis of shareholdings (annual report as at 15/4/2020), HY company itself already holding 51%, another 17% hold by top 30 shareholders. Some of this top 30 shareholders remain unchanged since 2016. Some increase their holding percentage along the years. Total number of HY ordinary shares are 300,000,000. Out of 68% (204 million of ordinary shares) already hold by top 30 shareholders, and only balance of 32% or 96 millions ordinary shares contributing daily trading volumes. I strongly believe, out of this 32% ordinary shares, majority are mid to long term investors. So the price movement & selling pressure mainly due to the day traders.
Happy investing :)

enning22

2,893 posts

Posted by enning22 > 2021-03-18 15:43 | Report Abuse

exactly like UNISEM, just one day, everyfhing reversed,up 50 sen in single trading day.

gemfinder

6,880 posts

Posted by gemfinder > 2021-03-18 17:11 |

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Bgt 9963

7,445 posts

Posted by Bgt 9963 > 2021-03-18 17:13 |

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gemfinder

6,880 posts

Posted by gemfinder > 2021-03-18 23:17 |

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limkokthye

6,039 posts

Posted by limkokthye > 2021-03-18 23:25 | Report Abuse

The more u buy, the more u die

Belila

79 posts

Posted by Belila > 2021-03-19 05:09 | Report Abuse

What happen to pang 27.

Belila

limkokthye

6,039 posts

Posted by limkokthye > 2021-03-19 08:04 | Report Abuse

Today very 9696,oil drop 8%

Keyman188

5,968 posts

Posted by Keyman188 > 2021-03-19 08:05 | Report Abuse

Oil drops more than 7% in worst day since September

(PUBLISHED THU, MAR 18 20211:37 AM EDTUPDATED THU, MAR 18 20212:40 PM EDT)

Oil prices sunk for a fifth day running on Thursday on a stronger dollar, a further increase in U.S. crude and fuel inventories and the weight of the ever-present COVID-19 pandemic.

Brent crude slid 6.94% to settle at $63.28 per barrel. U.S. oil settled 7.12%, or $4.60, lower at $60 per barrel, after shedding 0.3% in the previous session. Both contracts are down 6% over the past five days.

“Short-term developments - stuttering vaccine rollouts and the build in U.S. oil inventories - are driving sentiment, but the longer-term oil outlook is still encouraging,” said PVM Oil Associates analyst Tamas Varga.

“Yesterday’s U.S. Federal Reserve meeting provided a boost to equities ... U.S. economic growth has been revised upwards while unemployment is expected to decline.”

A sharp rise in the value of the dollar after the Fed meeting has also driven the oil sell-off.

Government data on Wednesday showed U.S. crude inventories have risen for four straight weeks after severe cold weather forced shutdowns at refineries in the south. An industry report estimating a decline had raised hopes of a halt to the gains.

U.S. crude inventories rose by 2.4 million barrels last week, the U.S. Energy Information Administration (EIA) said on Wednesday, a day after the American Petroleum Institute (API) estimated there had been a 1 million barrel decline.

Varga added the market would be waiting for U.S. manufacturing data next week for further indications on the health of the world’s largest economy.

“Lower crude demand from Asian buyers as a result of upcoming refinery maintenance and probably higher prices is also something not helping crude at the moment,” said UBS commodity analyst Giovanni Staunovo.

A slowdown in some vaccination programmes and the prospect of more restrictions to control the coronavirus have tempered expectations for a recovery in fuel use.

Britain said on Thursday that global supply bumps meant its vaccine rollout would be slower than hoped in the coming weeks but it expects deliveries to increase from May.

A number of European countries have halted use of the AstraZeneca shot because of concerns about possible side effects, though the World Health Organization said Europe should continue to use the vaccine.


## https://www.cnbc.com/2021/03/18/oil-markets-us-stockpile-build-demand-worries.html

Keyman188

5,968 posts

Posted by Keyman188 > 2021-03-19 08:05 | Report Abuse

Oil prices plunged due to :-

1) Higher US inventories

2) 2.4 mil barrels last week

3) Rising covid-19 cases in Europ

4) Slowdown in vaccination

gemfinder

6,880 posts

Posted by gemfinder > 2021-03-19 08:31 |

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Bgt 9963

7,445 posts

Posted by Bgt 9963 > 2021-03-19 08:43 |

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Ekkram

763 posts

Posted by Ekkram > 2021-03-19 10:59 | Report Abuse

Still intact, drop 50sen, 1ringgit, 2ringgit also no problem. Bought low 2ringgit plus..

gemfinder

6,880 posts

Posted by gemfinder > 2021-03-19 13:41 |

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gemfinder

6,880 posts

Posted by gemfinder > 2021-03-19 13:42 |

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enning22

2,893 posts

Posted by enning22 > 2021-03-19 16:19 | Report Abuse

market circulate one story, MCO will end by early april.

Posted by bookerhoot9eee > 2021-03-19 16:33 | Report Abuse

otak masuk air aiyoo ahboii kami dah sapu bila rm3 la kakaka skrg rm5 panggil orang sapu lagi ke? You kena trap RM7 ke ahboi pang

gemfinder

6,880 posts

Posted by gemfinder > 2021-03-19 17:19 |

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Bgt 9963

7,445 posts

Posted by Bgt 9963 > 2021-03-20 14:02 |

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gemfinder

6,880 posts

Posted by gemfinder > 2021-03-20 14:46 |

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Bullrunrun

971 posts

Posted by Bullrunrun > 2021-03-22 10:45 | Report Abuse

After holding HY for 3.5 years. I decided to sell all and move to TOPGLOVES that confirm to give 50% dividends every quarterly. I made my lifetime mistake in HY expecting Chinese company will do well and generous, but get 6 cents after 3.5 years of holding....

Thanks HY for a life lesson

enning22

2,893 posts

Posted by enning22 > 2021-03-22 21:42 | Report Abuse

don't be silly, that never happen.

gemfinder

6,880 posts

Posted by gemfinder > 2021-03-22 21:54 |

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Posted by gorengkitty > 2021-03-23 00:54 | Report Abuse

wow finally one article by uncle not titled with UNDERRATED, wah so bad towards hengyuan meh?
https://klse.i3investor.com/blogs/hearmeblow/2021-03-23-story-h1542931247-Other_than_Underrated.jsp

Arthur546

302 posts

Posted by Arthur546 > 2021-03-23 12:44 | Report Abuse

me too

gemfinder

6,880 posts

Posted by gemfinder > 2021-03-23 13:57 |

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gemfinder

6,880 posts

Posted by gemfinder > 2021-03-23 14:02 |

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Posted by CatchThe Bull > 2021-03-23 14:46 | Report Abuse

Hello @gemfinder, don't spread misleading info. Current crack spread @5.57 : https://www.cmegroup.com/trading/energy/refined-products/singapore-mogas-92-unleaded-platts-brent-crack-spread-swap-futures.html#
And if you follow Hengyuan AGM closely, you will aware that management did stated before that the breakeven cost is around USD3 to 3.50. I'm not so worry about the usd loan, as current free cash flow for HY improving and start giving out dividend.

gemfinder

6,880 posts

Posted by gemfinder > 2021-03-23 17:09 |

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gemfinder

6,880 posts

Posted by gemfinder > 2021-03-23 17:15 |

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gemfinder

6,880 posts

Posted by gemfinder > 2021-03-23 22:50 |

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gemfinder

6,880 posts

Posted by gemfinder > 2021-03-23 22:54 |

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gemfinder

6,880 posts

Posted by gemfinder > 2021-03-24 08:09 |

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gemfinder

6,880 posts

Posted by gemfinder > 2021-03-24 08:09 |

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gemfinder

6,880 posts

Posted by gemfinder > 2021-03-24 08:41 |

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Bgt 9963

7,445 posts

Posted by Bgt 9963 > 2021-03-24 08:43 |

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Belila

79 posts

Posted by Belila > 2021-03-24 08:54 | Report Abuse

Hmmmm
Below 5 waiting la...,
Possible

Belila

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