@klee, Glove period semua ada duit and not inflation. US print money banyak, Now tighten liao! So mostly all over the world is affect. However, this crack spread would stay high as long war is there and no new refinery is build. Normally, it's aint that easy to build one and very costly. Its a norm in Ong where they share the profit to investor more rather than expanding due to costing. I don't think anyone would want to build now as EV is also coming up. It's a tug and war game la! Anyway enjoy the ride while we can!
GrowthC,what you have pointed out is now info publicly available,so it would likely to have been discounted to an extent.Anyway at RM6,hengyuan is cheap.
WHY HENGYUAN GOT SELL DOWN IN AN AGGRESSIVE MANNER ?
While i cannot give you a definite answer, i can give you a possible explanation of scenario.
Hengyuan cw22 issued by CIMB IB will be matured on 30 May 2022 (monday) The settlement price against the call warrant exercise price will be based on 5 day VWAP volume weighted average price model.
The 5 days are 24 May 2022 (Tuesday) 25 wednesday 26 thursday 27 friday ( cw22 suspend trading) 30 monday
There will be high volume and very volatile trading if banker want to depress the settlement price in order to pay out lesser.
While hengyuan fundamental remain intact, crack margin continue to be at the high side, mothershare outlook will be good as long as you are investing in what you are able to hold, and not playing on contra.
Contra will only be helping banker to create more volume at the lower price which will help them lower settlement price
The expected QR release for HENGYUAN could be at 31 may 2022 (tuesday). So plan your trade carefully
I don’t think is because of the call warrant. There is deep pocket sharks coordinating the attack on the energy stocks : hengyuan, Petron, Hibiscus, cypark . Cypark in renewable energy.
I don’t think is because of the call warrant. There is deep pocket sharks coordinating the attack on the energy stocks : hengyuan, Petron, Hibiscus, cypark . Cypark in renewable energy.
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GrowthCapitalist
237 posts
Posted by GrowthCapitalist > 2022-05-25 13:24 | Report Abuse
@klee, Glove period semua ada duit and not inflation. US print money banyak, Now tighten liao! So mostly all over the world is affect. However, this crack spread would stay high as long war is there and no new refinery is build. Normally, it's aint that easy to build one and very costly. Its a norm in Ong where they share the profit to investor more rather than expanding due to costing. I don't think anyone would want to build now as EV is also coming up. It's a tug and war game la! Anyway enjoy the ride while we can!