Moving forward in the near term, the group said crude prices are expected to remain volatile and refining margins are expected to slowly recover.
“While the oil industry remains challenging, the company will continue to focus on the operational efficiency, product quality, hydrocarbon hedging and financial risk management in optimising its performance”
We trust the new CEO will bring HengYuan back to previous glory! We are looking forward to the better leadership. translating to prosperous growth in the coming quarters!
What is the raw material for refineries? They have to buy right? the cheaper oil they can get the more margin right ? WHY refineries earn more during brent price increase? Because they hedge it at lower prices while the petrol price increase! ____________________________________________________________ khanchoon HY hedge against rise in oil price. Oil up, HY will lose more
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....
Firsthand
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Posted by Firsthand > 2021-08-24 22:54 | Report Abuse
This year I will be in Malaysia , this is one of the stock I am interested .....