Posted by Annetan > 2022-04-01 14:26 | Report Abuse

One need to be objective and not too brain-tunnelled to just profits and high crack spreads to justify the reasons it should go up.Sometimes there are reasons unknown to us why it drops.The fact recent extremely good results and almost all time high crack spread did not push the price up but down instead made me very uncomfortable holding this stock.Our market is extremely bearish for many counters that normally all up gaps will close but not down gaps.The low in March 2020 is 2.20 closed the up gap on 19th Jan 2017as the low on 19th Jan 2017 was 2.54 whereas the high was 2.53 on 18th Jan 2017.Can you imagine it not only closed the gap on 19th Jan 2017,it went to hit almost the low achieved on 6th Jan which is 2.19.The 76.4 and 61.8 retracement from 7.33 of the low 2.2 are 3.41 and 4.15 respectively.Calculation of 61.8 of 4.15 and and 3.41 is 3.69 and it had hit 3.65 before it rebounded then again 3.67 then recently 3.70 despite the catalyst for upward thrust were there.If I look at the balance sheet the net gearing excluding debtors is 2.7 billion of a capital paid up of 300 million is extremely high.In addition account receivable and payable is also very high.There are three up gaps namely nov 10th at 2.75 a day high was 2.73,3.1 on 20th nov 3.1 a day before 2.99 and 27 th nov 3.64 a day before 3.55. A million dollar question now ponders in my mind,will all these up gaps closed?The government has also announced the ban of interstate travels even for unvaccinated citizens,why did it choose go down instead of up?The mthly chart shows,it has broken the center bollinger band for many mths and it's still far from the lower band.However it's now resting on the lower band of the weekly chart.It's best not too gung ho and be objective and look at price action.In my opinion the syndicate seems able to manipulate the price without much resistance either up/down.This is not to advise to buy/sell.We all do not know which route it will take and this rest entirely to your risk appetite.

Posted by Annetan > 2022-04-01 14:29 | Report Abuse

sorry I meant allow interstate travel

Posted by Annetan > 2022-04-01 15:05 | Report Abuse

I think the possibility is high to close all gaps if it breaks 3.65 cause this will be the 4 th time it breaks that level.Again I could be dead wrong on this,hopefully I am wrong on this uncomfortable feeling.

Posted by 888STOCK888 > 2022-04-01 15:29 | Report Abuse

If feeling uncomfortable need to go do check up ya. :)

Posted by 888STOCK888 > 2022-04-01 15:41 | Report Abuse

I still feel very comfortable with Hengyuan share price is cheap given oil price is trading around $100 for the past 1 month... Surely profit is handsome

Posted by 888STOCK888 > 2022-04-01 15:47 | Report Abuse

https://tradingeconomics.com/commodity/crude-oil

Posted by Annetan > 2022-04-01 15:59 | Report Abuse

Sure as long as you are comfortable,good for you.Risk appetite differs from one another.No one knows the route it takes,only the syndicate knows what he wants to do.

Posted by value_seeker > 2022-04-01 17:18 | Report Abuse

apple 168 being shorted by others at airport. She has lost her bra.

Posted by 888STOCK888 > 2022-04-03 04:44 | Report Abuse

https://www.theedgemarkets.com/article/petronas-ups-malaysian-crude-oils-official-selling-price-us12561bbl-march-2022#.YkaFaH_vgQo.facebook

Posted by 888STOCK888 > 2022-04-04 14:42 | Report Abuse

It's time to Sia Lang

Posted by James_Bond > 2022-04-04 20:47 | Report Abuse

https://www.youtube.com/watch?v=2RddtvM4oZY

Posted by 888STOCK888 > 2022-04-05 08:13 | Report Abuse

Next quarter will have RM 500 mil profit???

Posted by 888STOCK888 > 2022-04-05 09:08 | Report Abuse

Can hit 6.00 by end of April =D

Posted by apple168 > 2022-04-05 10:21 | Report Abuse

Pang72, we sold all our HengYuan shares… please be informed that the HY shorting not by us… thanks…

Posted by apple168 > 2022-04-05 10:24 | Report Abuse

All the best for your HY purchases… do join us in vitrox, harta, airport, revenue, Axiata, they rock better than HY!

Posted by kl_guy > 2022-04-06 09:34 | Report Abuse

hengyuan ada power . uptrend

Posted by Investing_Bursa > 2022-04-06 10:58 | Report Abuse

Slowly but surely

Posted by kl_guy > 2022-04-06 11:51 | Report Abuse

27 may 2022 will quarterly report out. sure very good earning

Posted by 888STOCK888 > 2022-04-06 17:19 | Report Abuse

Who buy so much last minute? Uncles and aunties or FM?

Posted by James_Bond > 2022-04-07 06:06 | Report Abuse

https://www.youtube.com/watch?v=QX2brIA9mZI

Posted by Investing_Bursa > 2022-04-08 11:19 | Report Abuse

Wah new one month high ! Lets go HY!

Posted by 888STOCK888 > 2022-04-08 11:30 | Report Abuse

Dividend coming? =D

Posted by profit profits > 2022-04-08 11:40 | Report Abuse

what happened , someone selling banana and make money ?

Posted by 888STOCK888 > 2022-04-08 12:37 | Report Abuse

Even with oil price at $90, HY profit should be double to $400mil

Posted by gemfinder > 2022-04-08 12:39 |

Post removed.Why?

Posted by Investing_Bursa > 2022-04-08 16:41 | Report Abuse

Close high high !

Posted by 888STOCK888 > 2022-04-08 16:44 | Report Abuse

Hengyuan share price hits $18 back in 2017/2018 when oil price was $60++

Now oil price is constantly trading above $90.... =D

Posted by 888STOCK888 > 2022-04-08 16:45 | Report Abuse

Last chance to buy cheap lo

Posted by 888STOCK888 > 2022-04-08 16:51 | Report Abuse

Buy and keep... By end of this year hit $20??? =D

Posted by cactus81 > 2022-04-09 10:54 | Report Abuse

https://www.google.com/amp/s/oilprice.com/Energy/Gas-Prices/Tight-Oil-Markets-Are-Sending-Fuel-Margins-Through-The-Roof.amp.html

Posted by cactus81 > 2022-04-09 10:55 | Report Abuse

Heng Yuan is expected to benefit from the high margin refinery process.

Posted by Michael Kwok > 2022-04-10 16:41 | Report Abuse

Expect Heng yuan to dip to below rm 4.10 after this 2-3 days upward(Monday 11/4/2022) speak at 16.40pm 10/4/2022.

Posted by 888STOCK888 > 2022-04-11 09:56 | Report Abuse

Petronm up 12 cents, HY will follow soon, easy. =D

Posted by James_Bond > 2022-04-11 16:51 | Report Abuse

https://www.tradingview.com/symbols/NYMEX-D1N1%21/

Posted by Investing_Bursa > 2022-04-12 15:04 | Report Abuse

After consolidation, HY will continue uptrend, good time to add

Posted by Johnzhang > 2022-04-12 15:43 | Report Abuse

Crack spread still very good . Consumption should be high with reopening of all economic sectors.

Posted by 888STOCK888 > 2022-04-12 16:06 | Report Abuse

Steady.... =D

Posted by 888STOCK888 > 2022-04-13 09:22 | Report Abuse

Open high close high high today? 4.50?

Posted by subwayzzz > 2022-04-13 09:28 | Report Abuse

huat ahhhh

Posted by ryan7642 > 2022-04-20 08:46 | Report Abuse

ini kali la tp rm5 due to war^^ happy investing:)

Posted by kl_guy > 2022-04-20 09:17 | Report Abuse

diam diam naik . everyday 3sen cukup

Posted by 888STOCK888 > 2022-04-20 15:49 | Report Abuse

Steady... Oil price above $100 over the month of April....

Hengyuan share price hits $18 back in 2017/2018 when oil price was $60++
Now oil price is constantly trading above $100.... =D

Posted by Silemak > 2022-04-20 18:14 | Report Abuse

The 1st quarter result will be very good . Just wait for end May and price will rise before announcement.

Posted by stockraider > 2022-04-20 19:26 | Report Abuse

Go for it loh!

Crack spread high already mah!

Posted by apple168 > 2022-04-21 12:14 | Report Abuse

Bought HY at 4.20+… huat ah!

Posted by gemfinder > 2022-04-21 12:34 |

Post removed.Why?

Posted by apple168 > 2022-04-21 12:53 | Report Abuse

We help you, you help us… cheers!

Posted by apple168 > 2022-04-21 12:54 | Report Abuse

Without foreign funds, HY hard to go up…

Posted by apple168 > 2022-04-21 13:24 | Report Abuse

Don’t rock the boat ya, appreciate it, Pang72

Posted by profit profits > 2022-04-21 13:33 | Report Abuse

at one time hysteria and yawling short , and now doing 180 degree stunt. more fantastic than 四川变脸。