Posted by OTB > 2022-05-19 22:57 |

Post removed.Why?

Posted by searchingmoney > 2022-05-19 23:02 | Report Abuse

https://oilprice.com/Latest-Energy-News/World-News/Asian-Gasoline-Exports-To-US-Soar.html

Posted by probability > 2022-05-19 23:30 | Report Abuse

@searchingmoney, i had hunch this was happening..

that means summer there will further boost demand for gasoline from here

Posted by klee > 2022-05-19 23:42 | Report Abuse

Double bottoms in for usa indices.Lets see a more sustained rally.

Posted by VTrade > 2022-05-20 01:08 | Report Abuse

Apple wana bet so big ?

Posted by blackgold77 > 2022-05-20 02:07 | Report Abuse

lmao manipulator double headed snake. don't preach something you don't follow.

Posted by 888STOCK888 > 2022-05-20 04:23 | Report Abuse

Apple show up, it's time to buy~ =D

Oil price found support at $100, now looking for support at $110....next $130??? =D
I drive petrol car, need to buy HY to earn money to pay for my petrol~ LOL

Heng~Ong~Huatt ah~

"Analyst Warns Of A Fuel Shortage Crisis In The U.S."
https://oilprice.com/Energy/Energy-General/Analyst-Warns-Of-A-Fuel-Shortage-Crisis-In-The-US.html

Posted by Johnzhang > 2022-05-20 05:52 | Report Abuse

Mr OTB, would you mind to share with us your estimate for HRC’s FY2022 profit ? Thanks
—————————-

Posted by OTB ;
rr88 is a liar.
Whole year 600-800 million profit.
Please show me your calculation.
You are a big liar wants to buy cheap on Hengyuan.
You do not do your homework and simply talk without facts and figures.
You can bullshit to others, do not tell lies here.
A liar is always a liar.

Posted by blackgold77 > 2022-05-20 06:13 | Report Abuse

spread highest again

Posted by VincentTang > 2022-05-20 06:47 | Report Abuse

Crack spread up 7.31% today to record high 31.527. HengYuan target price RM50 by end of 2022.

Posted by ljmeng > 2022-05-20 06:57 | Report Abuse

Walan.....
Apple play sipei big....
Bet mother n wife.....
Buy share only.....Dun play so big la....
和气生财

Posted by apple168 > 2022-05-20 08:03 | Report Abuse

KLSE, Ringgit Short9e!

Posted by apple168 > 2022-05-20 08:06 | Report Abuse

Topglove TP 100, now 1.45!
HY TP below 2! Short9e!

Posted by gemfinder > 2022-05-20 08:10 | Report Abuse

Those shouting hrc 50 la, 100 la. R u guys sai lang? If not, pls dun shout. Ok

Posted by blackgold77 > 2022-05-20 08:14 | Report Abuse

someone bought this page or website?
take it private then. public forum don't come direct others what to do.
don't own anything in real life, then now come bising here and there. low life.

Posted by gemfinder > 2022-05-20 08:17 | Report Abuse

Only waterfish ahouting day n night

Posted by subwayzzz > 2022-05-20 08:19 | Report Abuse

TP 2 ? Next life la
Even negative crack HY also can’t go to RM2.
Selling all of its equipment into metal junk is worth more than that.
You’re really a fake news

Posted by pang72 > 2022-05-20 08:23 | Report Abuse

Good morning team..
Today shall hv a beautiful rally...

Posted by pang72 > 2022-05-20 08:24 | Report Abuse

We shld retake 7.70 position which loses yesterday

Posted by pang72 > 2022-05-20 08:24 | Report Abuse

Agreed boh?

Posted by pang72 > 2022-05-20 08:26 | Report Abuse

The crack breaking record again..
What is this telling us? Laugh to the bank?

Posted by Ahahah > 2022-05-20 08:27 | Report Abuse

Based on crack spread around usd20 in Q1 and HY capacity is 1mil per mth. Assume 90% capacity. 900k x3x20x 4.2 = 226mil?

Posted by pang72 > 2022-05-20 08:27 | Report Abuse

Apple168,
Can you Pls wear your panties while you are outside shouting?
Are you loses till panties gone?

Posted by Peteryy > 2022-05-20 08:56 | Report Abuse

Due to bunch of fifo guru & fifo followers, partly

Pang72

We shld retake 7.70 position which loses yesterday

Posted by subwayzzz > 2022-05-20 08:59 | Report Abuse

HY lets go

Posted by pang72 > 2022-05-20 09:03 | Report Abuse

Peter yy,
It is absolutely normal.
We shall move on

Posted by nicholas99 > 2022-05-20 09:08 | Report Abuse

LJ la.. crack spread went up again.. this time HY don't want fatt until like animal head. also cannot.

Posted by nicholas99 > 2022-05-20 09:13 | Report Abuse

hope hengyuan give dividend and shut up these chart drawer mouth.

Posted by nicholas99 > 2022-05-20 09:14 | Report Abuse

super bull..

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

add

Posted by probability > 2022-05-20 09:21 | Report Abuse

a lot of investors are confused on its hedging effects

when you hedge, you had already secure the margin during the time of hedging

the hedging loss or gain is merely the accounting of 'lost opportunity' if you had not hedged earlier when maturity of the contract takes place - this does not affect the already hedged margin

the hedged margin is always secured

Posted by probability > 2022-05-20 09:24 | Report Abuse

people are missing such precious opportunity...stock price is grossly undervalued

Posted by cactus81 > 2022-05-20 09:27 | Report Abuse

https://oilprice.com/Latest-Energy-News/World-News/Refinery-Explosion-And-Fire-Threatens-Supply-In-South-Korea.html

Posted by nicholas99 > 2022-05-20 09:28 | Report Abuse

2021 also got dividend. 2022 need to have dividend i think.

Posted by probability > 2022-05-20 09:31 | Report Abuse

@cactus, looks like crack spread will shoot even higher with that event, RM3 is secured for Q2

Posted by investor2021trading > 2022-05-20 09:36 | Report Abuse

To do well, refineries must constantly find the sweet spots to operate. Crack spread is the difference between crude oil prices and wholesale petroleum product prices (mostly distillate fuels (diesel and fuel oil and gasoline).

Crack spread is positive right now!

Posted by probability > 2022-05-20 09:36 | Report Abuse

OMG..

The fire and the possible shutdown of a large refinery come at a time when global refining margins are sky-high amid insufficient refinery capacity worldwide.

Refinery capacity globally is now lower than before the pandemic after some refineries closed permanently after COVID crippled fuel demand in early 2020.

Firefighters received a report of an explosion at the refinery in the Onsan Industrial Complex in Ulsan owned by S-Oil shortly before 9 p.m. local time on Thursday. The explosion took place during the processing of crude oil into petroleum, Yonhap quoted authorities as saying.

The Onsan refinery has three crude distillation units with a combined capacity of 580,000 barrels per day (bpd), according to Argus, which reports that market participants say a full shutdown of the refinery is likely.

Posted by VincentTang > 2022-05-20 09:36 | Report Abuse

If one quarter EPS already RM3. If crack spread can maintain at this level then 4 quarters EPS will be RM12. If base on just PE 5, target price will be RM60.

probability at this crack and visible US demand Hengyuan Q2 already secure RM 3 EPS... lets see how long market can ignore this...

Posted by probability > 2022-05-20 09:37 | Report Abuse

a 580k bpd refinery shutting down at this time is unimaginable...

Posted by cactus81 > 2022-05-20 09:42 | Report Abuse

Check cw27. Conversion price is 8.88 plus 8:1 ratio.

Posted by subwayzzz > 2022-05-20 09:42 | Report Abuse

wow. 580k bpd capacity has to go somewhere.
Asian refineries could have been maxed out unless china steps in and relax their restrictions.

Posted by valueguru > 2022-05-20 09:48 | Report Abuse

The Onsan fire will have an immediate impact on the spot market for the next few days but ongoing impact and how long will depend on the scale of the damage. Before this fire according to market sources the refinery requires maintenance, and this has led to a decline in output.

Posted by investor2021trading > 2022-05-20 09:49 | Report Abuse

The economics of the refining business are complex.

Refiners must strive to maximize their margins by optimizing a number of variables including:
1. the type of crude feedstocks and products.
2. energy requirements.
3. plant complexity and efficiency.
4. logistics and transportation.

They operate in a business environment that is dynamic and that comes with varying levels of commercial, technical, regulatory and economic risks.

Posted by cactus81 > 2022-05-20 09:55 | Report Abuse

@valueguru, what is the asia crack spread now? Any spikes?

Posted by nicholas99 > 2022-05-20 09:56 | Report Abuse

sendiri see..
https://investingmalaysia.com/raw-material/energy-brent-crack-spread/

Posted by rr88 > 2022-05-20 09:59 | Report Abuse

Havent you heard? Refineries worldwide are being "squeezed" big time, forced to produce more than they can produce, selling at record high prices, milking PHENOMENAL PROFIT...

Murah, kutip. Murah, kutip. 10 ringgit jual..

Posted by valueguru > 2022-05-20 10:00 | Report Abuse

Gasoline crack spread spot was usd31.75 yesterday. Futures price converging towards the spot.

Posted by pang72 > 2022-05-20 10:05 | Report Abuse

...... Every number every news are pointing to record price..
Hopefully petron QR out today so we can digest the earning this weekend..

Posted by Yawn.... Zzzzz > 2022-05-20 10:06 | Report Abuse

Apple169! Short lower la! Bullet are ready!

Posted by blackgold77 > 2022-05-20 10:07 | Report Abuse

can apple short more today, my q at 7.00 still not yet match