As you can see in the q4 November December 2017, Hengyuan shot to sky high moment as oil refinery crack spread boom up due to hyper demand in a short season
Now is almost all time low sleeping price for 1 whole year.. Nothing much to lose anymore.. how low can it go when oil crack spread is flying high????? Can go RM 3.5?? RM 3???
Potential of it going up to RM 5 RM6 is higher than going down to RM 3
Counter queue is heavily controlled by computer algo got big stake interest behind, just that the daily movement might suppress the trader.. however the result once published, things must move also
There are high stakes behind the company listed shares. share ony 300m, and available float only limited amount.. once the company share move, it will be moving in great leaps.. like limit up, big swing
waiting for the oil and gas sentimet to come and goreng all oil and gas counter.. maybe net week or so can start to see oil and gas counter getting in tack again
Revenue and profit margin almost booked in with facts for you to see.. Nothing can go wrong too much unless the refinery shut down, explosion or on fire.. which i do not think will happen for now.
Now sleeping probably due to investor don't want to make a move first prior before the release of result.. however, after november report out, then december will make a move as feb2022 will report the earning season for OCT NOV DEC where oil crack spread is very high
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....
HaroldHuong
384 posts
Posted by HaroldHuong > 2021-11-06 12:15 | Report Abuse
I already parking here, hope can grab some profit soon