Posted by subwayzzz > 2022-05-18 09:10 | Report Abuse

queue to top up at 7.40

Posted by ljmeng > 2022-05-18 09:17 | Report Abuse

kamsia hengyuan and petronm.............kamsia kawkaw....

Posted by Peteryy > 2022-05-18 09:43 | Report Abuse

today i rest day......

Posted by param1 > 2022-05-18 10:25 | Report Abuse

WARNING! WARNING ! APPLE GOING TO FAAART VERY SOON

Posted by Ravi1969 > 2022-05-18 10:26 | Report Abuse

Wakakaka a

Posted by harold8990 > 2022-05-18 10:30 | Report Abuse

apple will be posting soon coz now red2..haha..

Posted by subwayzzz > 2022-05-18 10:31 | Report Abuse

11am resume up run?

Posted by VincentTang > 2022-05-18 10:33 | Report Abuse

Just buy and hold until end of 2022 to achieve RM50

Posted by stockwin > 2022-05-18 10:43 | Report Abuse

probably the last chance to buy below 7.30 now before the qtr result is out !

Posted by Andy Sew > 2022-05-18 10:44 | Report Abuse

When the QR out ?

Posted by subwayzzz > 2022-05-18 10:52 | Report Abuse

Looking at the chart, Today should be a down day. I’m off

Posted by 888STOCK888 > 2022-05-18 11:08 | Report Abuse

Syndicate troops are collecting.... wait till they eat gao gao first... =D
It can hit 10.00 before the QR announcement! =D

Posted by nickinvests > 2022-05-18 11:14 | Report Abuse

Good blog. gogogo hengyuan n petronm

https://klse.i3investor.com/web/blog/detail/stockideas/2022-05-17-story-h1623274690-HENGYUAN_PETRONM_Latest_Crack_Spreads_remains_at_very_high_levels

Posted by 888STOCK888 > 2022-05-18 12:17 | Report Abuse

second half session turns green and climb to 7.88~ =D

https://www.theedgemarkets.com/article/hlib-sees-high-oil-prices-persisting-2022

Posted by supersinginvestor > 2022-05-18 12:25 | Report Abuse

All in ...
Huat ah...
:-)))))

Posted by harold8990 > 2022-05-18 12:43 | Report Abuse

Please please no article like "Hengyuan is the most undervalued stock" comes out below RM10...we need it only at RM15 later

Posted by supersinginvestor > 2022-05-18 12:46 | Report Abuse

Lol

Posted by hng33 > 2022-05-18 13:15 | Report Abuse

There are four main reasons behind the explosion in refining margins.

1. First, demand — particularly for diesel — has rebounded strongly, depleting global inventories. In some markets, like the US East Coast, diesel stocks have fallen to a 30-year low.

Despite rising prices and fears of an economic slowdown later this year, oil executive say they see strong consumption for now. “Demand is not that easily destroyed,” Shell plc CEO Ben van Beurden told investors last week.

2. Second, the US and its allies have tapped their strategic petroleum reserves to cap the rally in oil prices. That has provided extra crude, which has put a lid on WTI prices, but it hasn’t addressed the tightness in refined products. Only a small fraction of the emergency release is in the form of refined products, and only in Europe.

Posted by hng33 > 2022-05-18 13:15 | Report Abuse

3. Third, and perhaps most importantly, refining capacity has declined where it matters for the market now, and the plants that are operating are struggling to process enough crude to satisfy the demand for fuel. Martijn Rats, an oil analyst at Morgan Stanley, estimates that outside China and the Middle East, oil distillation capacity fell by 1.9 million barrels a day from the end of 2019 to today — that’s the largest decline in 30 years.

The downward trend started well before the pandemic hit, as old Western refineries struggled to compete, environmental regulations increased costs and the unfounded fear of peak oil demand amid the energy transition prompted some companies to close plants. The fuel-demand collapse triggered by Covid-19 only turbo-charged the trend, resulting in dozens of refinery operations shutting down for good in Europe and the US in 2020 and 2021. New capacity has emerged in China. However, Beijing tightly controls how much fuel its refiners can export so that capacity is effectively out of reach of the global market.

Posted by hng33 > 2022-05-18 13:16 | Report Abuse

4. Fourth, are the sanctions and unilateral embargos — also known as self-sanctions — on Russian oil. Before the invasion of Ukraine, Russia was a major exporter not just of crude, but also of diesel and semi-processed oil that Western refiners turned into fuel. Europe, in particular, relied on Russian refineries for a significant chunk of its diesel imports. The flow has now dried.

Europe not only needs to find extra crude to produce the diesel and other fuels it’s not buying from Russia, but,

crucially, it needs the refining capacity to do so, too. It’s a double blow. Oil traders estimate that Russia has shut down 1.3 million to 1.5 million barrels a day of refining capacity as result of the self-sanctions.

Who’s benefitting? The pure-play oil refiners, which are quietly enjoying record-high profit margins. While OPEC and Big Oil get the blame, independent refiners are cashing-in. The sky-high crack margins explains why the share prices of US refining giants Marathon Petroleum Corp and Valero Energy Corp have surged to all-time highs. The longer the refiners make super-profits, the harder the energy shock will hit the economy.

Posted by subwayzzz > 2022-05-18 13:51 | Report Abuse

nice piece

Posted by supersinginvestor > 2022-05-18 14:15 | Report Abuse

Aiyo so much to read ah...
I believe u lorr..no need read oso..

Posted by blackgold77 > 2022-05-18 15:00 | Report Abuse

lai liao lai liao

Posted by blackgold77 > 2022-05-18 15:01 | Report Abuse

apple's perimeter collapse again?

Posted by blackgold77 > 2022-05-18 15:01 | Report Abuse

idss 954 lots avg cost 7.37 lose again today?

Posted by subwayzzz > 2022-05-18 15:48 | Report Abuse

4pm fireworks?

Posted by papazola1920 > 2022-05-18 15:52 | Report Abuse

I topup lagi sikit2

Posted by cactus81 > 2022-05-18 15:53 | Report Abuse

Seem like consolidation today.

Posted by subwayzzz > 2022-05-18 15:55 | Report Abuse

correct
consolidation today

Posted by subwayzzz > 2022-05-18 16:00 | Report Abuse

nice and harmony environment without evils

Posted by param1 > 2022-05-18 16:14 | Report Abuse

with a strong foundation only then can you build a solid wall

Posted by Peteryy > 2022-05-18 16:15 | Report Abuse

who can borrow me RM100k, so that i can support to make the price close at 7.45

Posted by paperplane > 2022-05-18 16:33 | Report Abuse

https://www.reuters.com/markets/commodities/asian-gasoil-crack-hits-record-high-despite-firmer-crude-2022-03-03/

Posted by Johnzhang > 2022-05-18 16:33 | Report Abuse

PetronM fast catching up to HRC. KYY may be loading up PetronM instead . He can’t eat his humble pie .

Posted by subwayzzz > 2022-05-18 16:38 | Report Abuse

@paperplane

dude, that's 4 march 2022 news.

today's 18 may 2022

Posted by Ahahah > 2022-05-18 17:06 | Report Abuse

I thought that today will drop a lot so that can top up more. Look like HY is very strong with all the supporters here.

Posted by tigerroar38 > 2022-05-18 17:28 | Report Abuse

With all the macro factor and HY free float%. And strong supporter. It will break 2017 19++ high in just few months! It will move like glove movement. Hang tight guys!

Posted by ValueInvestor888 > 2022-05-18 18:00 | Report Abuse

Last time spread was around 15, price goreng to RM 15-19
This round spread is around 20-30+, price can shoot up to ???

Posted by Peteryy > 2022-05-18 18:07 | Report Abuse

guy, ban gan go back cook dinner and sleep well...

Posted by blackgold77 > 2022-05-18 18:11 | Report Abuse

alamak? then the next article will be...
WHY PETRONM IS BETTER THAN HENGYUAN....
or
WHY PETRONM IS THE MOST UNDERVALUED... or THE BEST... ?


Johnzhang

PetronM fast catching up to HRC. KYY may be loading up PetronM instead . He can’t eat his humble pie .

1 hour ago

Posted by probability > 2022-05-18 19:29 | Report Abuse

JP Morgan forecasts “higher for longer” refining margins
May 17, 2022
https://currencytrader.review/jp-morgan-forecasts-higher-for-longer-refining-margins/

Posted by probability > 2022-05-18 19:32 | Report Abuse

FYI, the Hurricane season in U.S begins June and runs through November.

https://www.nbcnews.com/business/consumer/why-gas-prices-high-when-will-back-down-rcna28314

Posted by subwayzzz > 2022-05-18 19:32 | Report Abuse

Every passing day is an excitement. Can’t wait for this stock to moon.

Posted by blackgold77 > 2022-05-18 19:44 | Report Abuse

C22 expiring end of this month. probably after qr out only will go to the moon.

Posted by valueguru > 2022-05-18 20:04 | Report Abuse

Asia gasoline crack Usd33.91 today. U.S. gasoline inventories fell by 5.1 million barrels, market sources said, compared with analysts' expectation of a fall of 1.3 million barrels in a Reuters poll.

Posted by valueguru > 2022-05-18 20:09 | Report Abuse

Wonder what will be the new normal moving forward ...

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2022-05-18 20:12 | Report Abuse

Still a very gruesome company. Capital intensive with little FCF.
Latest quarter has shown good profit.

Posted by Cakes Moon > 2022-05-18 20:19 | Report Abuse

I just know that I paid less than RM2 per liter for RON97 in 2020 but now I am paying more than RM4 per liter for my Mercedes Benz.

Posted by probability > 2022-05-18 20:59 | Report Abuse

market is still in denial mode, it wants to treat this refinery margin rise phenomenon like gloves

it has not figured out that the required margin for Hengyuan to hit RM 24 at PE 5 is only $ 13/brl
it can wait half a decade for the margin to reach that level..
the more you ponder deep on what is actually happening globally the increasingly evident the above would become

even Putin died, EU is not gonna tap into Russian oil & its refined products for the next few years till Russian economy collapse

Posted by supersinginvestor > 2022-05-18 21:08 | Report Abuse

ALL IN
HUAT AH
:-))))