Posted by Investing_Bursa > 2022-05-24 22:45 | Report Abuse

If u understand what happen in 2017, hurricane Harvey caused shutdown of so many refineries and this caused the crack margin to spike . However , the shutdown only lasted a couple of months and once the refineries are back up, crack margin dropped and naturally HY share prices also follow suit. This time around it is very different , there is a shortage of world refining capacity due to many being shut and increased demand for refined products . This will be a protracted issue and will last maybe till end of year to more

Posted by probability > 2022-05-24 22:52 | Report Abuse

German minister says Russia oil embargo possible in coming days
Crude Oil

5min ago

Germany's economy minister expects the EU to agree to a ban on Russian oil imports soon, with the bloc working on measures to cap price rises that came in the wake of previous sanctions against Moscow.

Robert Habeck told broadcaster ZDF on Monday that he foresees a breakthrough on the issue "within days" when asked about prospects for a Europe-wide embargo on Russia's oil, with recent holdouts.

Germany initially opposed a ban but has softened its stance in recent weeks.

The minister added that the EU and US are working to find a way to cap the upside on oil prices and prevent Russia from enjoying potential benefits from an uptick in oil prices that an embargo would likely bring.

"This is an unusual measure, but we live in unusual times," Habeck said.

Habeck lashed out at Hungary at a World Economic Forum panel in Davos on Monday, describing Budapest's holdout as an example of "the worst of Europe".

Hungary has repeatedly said it needs more money from the EU to invest in energy infrastructure if it is to give up existing energy contracts.

It has been pushing Brussels for concessions that would allow it to keep receiving pipeline oil from Russia, keeping oil flowing to its MOL-owned Dunai refinery in Budapest and not risk abandoning a cosier relationship with Moscow than most other European states enjoy.

.........

If the above happened, giant refinery Schwedt will likely shut its operation (being fully owned by Rosneft)

https://www.nytimes.com/2022/05/23/world/europe/germany-russia-oil-embargo.html

Posted by probability > 2022-05-24 22:57 | Report Abuse

@Investing_Bursa, well said

Posted by Alextan916 > 2022-05-24 23:05 | Report Abuse

Hopefully the management will hold the price well tomorrow for the annual meeting. They should implement the share buy back soon.

Posted by probability > 2022-05-24 23:13 | Report Abuse

do not hope anything in the near future including Q1 results...

Q2 onwards it will keep delivering extraordinary earnings...

Crack spread even at $13/brl, Hengyuan will deliver more than RM 1 EPS per qtr

We may never see crack spread returning to 'that low' level for more than half a decade...

EU & US will never accept russian oil till its nuclear policy is changed.

aim long term

Posted by Investing_Bursa > 2022-05-24 23:17 | Report Abuse

https://www.marketplace.org/2022/05/23/u-s-oil-refiners-margins-smash-records-but-few-plan-to-build-more-plants/amp/

Posted by Dimitri_Ivanov > 2022-05-24 23:27 | Report Abuse

In 2017, uncle helped to push up the share price kaw2 in just one month, even though crack spread then was nowhere near as high as now. Now he's not in the picture, or is he buying in silent mode?

Posted by smartly > 2022-05-24 23:31 | Report Abuse

OOoo...here we come again...Hengyuan thread will become a battlefield.

Posted by arv18 > 2022-05-25 04:29 | Report Abuse

Sell! Sell! Sell! ... quick! dump the stock! lol!

Posted by Ahahah > 2022-05-25 05:46 | Report Abuse

HY call-warrant C22 expiring on 31/5/22 and last trading suspension on 30/5/22
HY closed at 6.60
HY C22 closed at 0.37
Exercise 4.75 with 5:1
Exercise price
= (6.60 - 4.75) / 5
= 0.37
Exercise price 0.37 is same as HY C22 closing price , so HY C22 is out of money as of 24/5.
HY might announce QR May either on 27/5 or 30/5 or 31/5. HY C22 trading suspension on 30/5.
The price might go sideline or slightly lower for next few days. It is time to load as much as you can.

Posted by rr88 > 2022-05-25 08:20 | Report Abuse

Change of "driver". New driver will take it to 12.00.

Posted by 888STOCK888 > 2022-05-25 08:27 | Report Abuse

Arigato all the sifus.... very good chance for me to buy more C24 =D


Ahahah

HY call-warrant C22 expiring on 31/5/22 and last trading suspension on 30/5/22
HY closed at 6.60
HY C22 closed at 0.37
Exercise 4.75 with 5:1
Exercise price
= (6.60 - 4.75) / 5
= 0.37
Exercise price 0.37 is same as HY C22 closing price , so HY C22 is out of money as of 24/5.
HY might announce QR May either on 27/5 or 30/5 or 31/5. HY C22 trading suspension on 30/5.
The price might go sideline or slightly lower for next few days. It is time to load as much as you can.

Posted by blackgold77 > 2022-05-25 08:30 | Report Abuse

morning... let it come down down down for shopping day!

Posted by subwayzzz > 2022-05-25 08:41 | Report Abuse

wish towgays heng heng today!

Posted by Peteryy > 2022-05-25 09:13 | Report Abuse

today closing 8.00

Posted by 888STOCK888 > 2022-05-25 09:15 | Report Abuse

SIA LANG!!!

Posted by Dimitri_Ivanov > 2022-05-25 09:16 | Report Abuse

Before this, there were many days where the price would rise to high levels intraday but come down sharply from the peak at closing. It's clear who's behind this.

Posted by searchingmoney > 2022-05-25 09:23 | Report Abuse

I'm in the same page with you

Posted by petramaises > 2022-05-25 09:27 | Report Abuse

Respect IB lo.. let them do what they need to do for c22

Posted by goupgoup888 > 2022-05-25 09:30 | Report Abuse

Peteryy
today closing 8.00....................... sweet dream

Posted by subwayzzz > 2022-05-25 09:30 | Report Abuse

they would have to get their bum ready if they don't
short selling should be banned like post 97-crisis

Posted by Peteryy > 2022-05-25 09:33 | Report Abuse

all about blowing.. have good day everyone

Posted by probability > 2022-05-25 09:34 | Report Abuse

Oil futures: Prices climb on US gasoline stocks draw, Russian sanctions talks

Crude oil futures in Asian trading hours Wednesday were climbing higher as a sharp fall in US gasoline inventories and the impending fresh sanctions on Russian oil underpinned sentiment.

Front-month July ICE Brent futures were trading at $114.34/barrel (0515 GMT), compared to Tuesday’s settle of $113.56/b.

At the same time July NYMEX WTI was trading $110.64/b, versus Tuesday’s settle of $109.77/b.

The American Petroleum Institute (API) reported a 0.57 million barrel build in crude stocks last week, while gasoline inventories dropped 4.22 million barrel and distillate stocks were down 0.95 million barrels.

Traders focused on the already tight gasoline market as the US heads into the summer driving season with the upcoming Memorial Day.

On Tuesday, US weather forecasters said the 2022 Atlantic hurricane season was expected to be above average, raising concerns that a major storm such as last year’s Ida could tip the delicate supply/demand balance.

Germany's economy minister expects the EU to agree to a ban on Russian oil imports soon, with the bloc working on measures to cap price rises that came in the wake of previous sanctions against Moscow.

“Given the EU embargo on Russian oil is a “when” not an “if” question, even if Hungary fails to fall into line; it is clear that Russian exports are under pressure and will continue to be so on the back of the EU nations that support the ban,” said Stephen Innes, managing partner SPI Asset Management.

France’s new foreign minister also expressed confidence in a proposed EU sanctions plan that would prohibit Russia from importing oil.

“We must adopt the sixth package of sanctions as soon as possible to ensure the gradual cessation of Russian oil imports and to remove any residual reservations,” Catherine Colonna said.

The EU is scheduled to meet next at the end of the month to try and break the deadlock but the laggards, led by Hungary, are pushing for concessions before backing the proposal to phase out Russian oil by the end of the year.

Posted by Plato99 > 2022-05-25 09:46 | Report Abuse

Dump session start. Party time. Fantastic 4.

Posted by Everybodyhuat > 2022-05-25 09:48 | Report Abuse

The price drop has nothing to do with oil demand worldwide even though it is going up. It is CIMB throw HY stock for it's warrant. Retailers should not sell but they should buy. Values will go up soon. Let CIMB be the loser.

Posted by blackgold77 > 2022-05-25 09:48 | Report Abuse

chill lah... let it run... if it drops below my cost then i add

Posted by searchingmoney > 2022-05-25 09:53 | Report Abuse

"CGS"-cimb

Posted by Yawn.... Zzzzz > 2022-05-25 09:56 | Report Abuse

roller coaster begun! RELOAD! RELOAD! HOOT 9 E!

Posted by supersinginvestor > 2022-05-25 09:56 | Report Abuse

Aiyo...that apple168nn gang attack petronm n hengyuan ah..limit down ah?
:-0

Posted by Apple2353 > 2022-05-25 09:56 | Report Abuse

semalam punya pattern. free fall

Posted by supersinginvestor > 2022-05-25 09:56 | Report Abuse

Crazy....

Posted by worktoinvest > 2022-05-25 09:58 | Report Abuse

Listen to Sifu Will die faster

Posted by ValueInvestor888 > 2022-05-25 09:58 | Report Abuse

wow, IB is good lah. almost back to my purchase price about 1 month ago, all profits evaporate ...
Anyway, I am happy to add n buy low....

Posted by subwayzzz > 2022-05-25 09:59 | Report Abuse

those who explained c22 are pro

Posted by worktoinvest > 2022-05-25 09:59 | Report Abuse

They buy call hy and knm. In the end, you all justify yourself

Posted by troy88 > 2022-05-25 10:00 | Report Abuse

That's the problem with commodities. Wild swings are part of the game

Posted by Ravi Kumar > 2022-05-25 10:00 | Report Abuse

I love this

Posted by ValueInvestor888 > 2022-05-25 10:02 | Report Abuse

uncle from his latest article has changed tone and looked like he is buying HY and sell his plantation stocks... Today is a good price.

Posted by subwayzzz > 2022-05-25 10:02 | Report Abuse

hibiscus is still holding well

Posted by Ravi Kumar > 2022-05-25 10:03 | Report Abuse

Listen to clueless with no facts, data and track record even worse.

Posted by worktoinvest > 2 minutes ago | Report Abuse

Listen to Sifu Will die faster

Posted by Hwai Hooi > 2022-05-25 10:04 | Report Abuse

sifu come to attack HY today

Posted by ValueInvestor888 > 2022-05-25 10:05 | Report Abuse

bottom fish HY at 6.20-6.25. Thank you....

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

Hengyuan downgraded to Underweight
With a short term price target of RM5.80

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

Hengyuan downgraded to Underweight
With a short term price target of RM5.80

Posted by Mcaresdk91 > 2022-05-25 10:07 | Report Abuse

dreaming price dropping to rm5..

Posted by supersinginvestor > 2022-05-25 10:07 | Report Abuse

Aiyo

Posted by Harry > 2022-05-25 10:07 | Report Abuse

continue buy, tp 10.0

Posted by wallstreetrookie > 2022-05-25 10:08 | Report Abuse

Short-seller UNITE

Posted by kl_guy > 2022-05-25 10:08 | Report Abuse

when will hengyuan quarterly report out ?

Posted by wallstreetrookie > 2022-05-25 10:08 | Report Abuse

@supersinginvestor trying to inverse