Hengyuan Refining Company Berhad (HRC or the Company) stands tall as Malaysia’s third largest refinery in Malaysia.
• We process crude oil from Malaysia and all over the world and have the licensed capacity to deliver up to 156,000 barrels per day of petroleum products to customers, mainly in Malaysia and Southeast Asia. • Presently, our business activities are focused on refining and processing crude oil, refinery operations and maintenance, and supplying refined products to our customers. • We supply through three channels: the multi-product pipeline to the Klang Valley and KLIA, our truck loading gantry for local (Peninsular Malaysia) customers and exporting to vessels through our jetty to East Malaysia and oversea markets.
In the year under review, HRC registered a profit after tax of RM82.7 million compared to the previous financial year which reported a profit after tax of RM251.0 million. Refining margins and crude prices continued to remain volatile during the year resulting in a full year average Current Cost of Stock margin (CCS) of USD3.44 / bbl (FY2020: USD5.23 / bbl) and gross profit margin of USD7.23 / bbl (FY2020: USD 2.68 / bbl) including the effects of crack swaps.
Stockholding gains / (loss) for FY2021 (including the effects of commodity swaps) were USD0.39 / bbl (2020: (USD0.50) / bbl)
Remark: Upcoming crack spread is above USD 10/bbl + stockholding gain USD 20/bbl, what will upcoming EPS?
IB short HY to make C22 appear like no money and create fears to C22 holders, the frigthening C22 holders would sell their holding and again IB saved from big losses. (same tactic like dolphins/whales rounding small sardins and make them fears and group together)
ib are like halal casino, cannot gamble genting but can trade warrants ikut suka hati. even with moratorium and no interest income all the "bang" still make good profit, thanks to profit by issueing and selling warrants,
Actually, it's only Bursa have this kind of shit tricks. Whenever, warrant about to expire they pressed down the underlying stock and reward the warrant investor at smallest value ITM else make it burn! I have seen across in many counter. This should be like Option in US but in US i hardly see the underlying stock being manipulate like here. Indeed, the volume and liquidity plays the biggest role so Bursa easily to manipulated.
looking at the price now, its quite corelate that warrant is expiring and share price is decreasing. Even though this stock should be valued at least RM20.
GrowthCapitalist, bursa is sicked , that is why we hardly see any put warrants being issued, almost all are call warrants. sleeping commission would never see this as abnormal.
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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....
blackgold77
310 posts
Posted by blackgold77 > 2022-05-25 11:48 | Report Abuse
lol come i welcome you at netherlands, come come