Posted by 888STOCK888 > 2022-05-27 04:33 | Report Abuse

Calling SG FMs to hoot9 HY today!!! 10.00!!! =D

Posted by 888STOCK888 > 2022-05-27 04:33 | Report Abuse

Brent oil $117.30!!! =D

Posted by blackgold77 > 2022-05-27 06:50 | Report Abuse

shhh we keep quiet first... let them fight this final day... we collect and pretend to be sad...

Posted by blackgold77 > 2022-05-27 06:51 | Report Abuse

and then some forgetful person will come say... i forgot to tell you... yesterday a triangle form in my dream and i bought using a hammer

Posted by Ravi1969 > 2022-05-27 08:03 | Report Abuse

selamat mampus rr88 Sudah senyap because hati sangat hitam. He knows cos QR will be good and move up. I bet you that low life will appear if price goes down only

Posted by subwayzzz > 2022-05-27 08:15 | Report Abuse

Selamat mampus ????
Hahhahahahaha !!!!!

Posted by Sslee > 2022-05-27 08:33 | Report Abuse

Petronm normally do not hedge much because Petronm sell their main products thro retail petrol station direct to consumers hence I was suprise why Petronm inccured a derivative losses of 230 million in q1 end 31th March 2022.

Posted by rr88 > 2022-05-27 09:07 | Report Abuse

Sell into strength. Opportunity to lose less. This is early green later red market.

Posted by rr88 > 2022-05-27 09:09 | Report Abuse

Infact its a sell into strength across the board. This market is going down.

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

For information:
Hengyuan CRUDE PROCESSING FY2021
Liquified Petroleum Gas 7.8%
Propylene 3.8%
Light Naphtha 0.1%
Petrol 24.5%
Jet Fuel 7.1%
Diesel 35.1%
Fuel Oil Component 2.7%
Additional
Catalytic Cracked Gasoline (CCG) 16.3%
Combined Cycle Oil (CCO) 2.6%

Posted by rr88 > 2022-05-27 09:19 | Report Abuse

Larilah. I pity you.
It is as clear as crystal to me that this is a break or r&r (rest n recuperate) of a trend continuation to the downside No small drop. The coming drop is equally as big as the 7.30 - 6.50 drop.

Posted by probability > 2022-05-27 09:24 | Report Abuse

From below article - Hengyuan refinery falls under Deep Conversion and since PetronM does not even have a Catalytic Cracker it falls under Hydroskimmer category

Check out Fuel Oil portion of the yield


https://klse.i3investor.com/web/blog/detail/Insight1/2018-02-03-story146257-DIFFERENCE_between_PETRONM_and_HENGYUAN

Posted by Jaes > 2022-05-27 09:24 | Report Abuse

Rr88, waiting for your signal to jump back in

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

haha....dun dio triangle hammer cheat lo.....

Posted by probability > 2022-05-27 09:32 | Report Abuse

what do you need worry on Hengyuan Q1? - only hedging / derivatives loss

but why so concern about derivatives loss now? Hedging is only done when margin is thin, Q2 onwards expect no more hedging loss...

The gain in Q2 will offset whatever loss may be reported in Q1...

the rise in margin is a long term phenomenon which will last

all you need $13/brl and it will keep delivering more than RM 1 EPS per qtr...

Posted by subwayzzz > 2022-05-27 09:33 | Report Abuse

thanks probability,
another piece of missing puzzle found

Posted by VincentTang > 2022-05-27 09:35 | Report Abuse

KYY just start buy HengYuan today, buy before he buy.

Posted by probability > 2022-05-27 09:35 | Report Abuse

looking at the rise in oil price even Q2 will have inventory gain looks like... NTA of Hengyuan by end June 22 would risen to at least RM 10 already

Posted by targetinvest > 2022-05-27 09:37 | Report Abuse

https://klse.i3investor.com/web/blog/detail/targetinvest/2022-05-27-story-h1623451611-US_REFINERIES_BRACE_FOR_HURRICANE_SEASON_STARTING_JUNE_2022_OIL_CRACK_M

Posted by ljmeng > 2022-05-27 09:37 | Report Abuse

aiyo....later limpei need go Mr DIY to buy a big hammer to hoot the triangle joker....hahahahaha

Posted by targetinvest > 2022-05-27 09:38 | Report Abuse

US Hurricane season will start June..
Oil refinery will shut down in US..
Asean refinery will benefit more
Hengyuan will have more $$$

Posted by targetinvest > 2022-05-27 09:39 | Report Abuse

https://oilprice.com/Latest-Energy-News/World-News/US-Oil-Refiners-Brace-For-Hurricane-Season.html

Posted by 888STOCK888 > 2022-05-27 09:42 | Report Abuse

rr88 and Jaes same person ah? lolzzzz

Posted by subwayzzz > 2022-05-27 09:46 | Report Abuse

these are boring people who create many i3 accounts to play their own show.

Posted by GrowthCapitalist > 2022-05-27 09:46 | Report Abuse

Relax la All, why so kancheong everyday! I guess mostly here are active trader and not passive trader! I don't think passive trader much in Bursa due to the volatility and hard to keep the long term momentum in Bursa!

Posted by probability > 2022-05-27 09:47 | Report Abuse

Another 1 more possible explanation for the depressed price is that foreign investors who bought and pushed up the price earlier may have changed their mind and started disposing - reason could be due to the fact that EU recently announced that its planning to stop consuming even refined oil produced with russian crude.

These foreign investors will have issues investing on Hengyuan as part of above policy.



Posted by probability > May 27, 2022 9:32 AM | Report Abuse X

what do you need worry on Hengyuan Q1? - only hedging / derivatives loss

but why so concern about derivatives loss now? Hedging is only done when margin is thin, Q2 onwards expect no more hedging loss...

The gain in Q2 will offset whatever loss may be reported in Q1...

the rise in margin is a long term phenomenon which will last

all you need $13/brl and it will keep delivering more than RM 1 EPS per qtr...

Posted by probability > 2022-05-27 09:52 | Report Abuse

Those who want to compare GLOVES with Refinery margin rise phenomenon are TOTALLY BLIND - no way margin will dip like it happened for gloves

simple reason - no one investing in new refinery & takes half a decade to built

Posted by ValueInvestor888 > 2022-05-27 09:56 | Report Abuse

Could be also due to overhang of HY shares due to at least 2 cws expire this month.

Big boys are resting waiting for c22 to expire as they let IB or licensed mkt maker to perform their show. IB when they issued cw they would need to hedge by buying millions of hy shares. Upon expiry or prior to expiry, they will sell those shares. This is short term overhang.

Posted by abc333 > 2022-05-27 09:59 | Report Abuse

probability

what do you need worry on Hengyuan Q1? - only hedging / derivatives loss

but why so concern about derivatives loss now? Hedging is only done when margin is thin, Q2 onwards expect no more hedging loss...
-----------------------------------------------
Dear Sir
is this an assumption or statement?
If above is written by Hengyuan Managment. it weill reach RM20 in 3 months for sure.

Thankyou for always sharing good info.

Posted by probability > 2022-05-27 10:03 | Report Abuse

@abc333, From Q4 21' financial statement

A17 Commodity prices and foreign currency exchange exposures
......

The Company’s margins and financial performance are exposed to the risk of crude and refined product price fluctuations, driven by geopolitical forces and global economic changes. The Company aims to match the average price of its crude oil intake to the planned production of refined oil products in order to mitigate the risks of margin erosion to an acceptable level.

The Company may enter into futures, swaps and option derivatives to mitigate margin risks, but only whilst achieving an adequate balance between paper and physical positions

Posted by probability > 2022-05-27 10:04 | Report Abuse

'in order to mitigate the risks of margin erosion to an acceptable level'

Its logical that you hedge only for those product where the margin is thin

Posted by Ravi Kumar > 2022-05-27 10:10 | Report Abuse

WOw your HLT doing soo well isn't it. So hai

rr88

Larilah. I pity you.
It is as clear as crystal to me that this is a break or r&r (rest n recuperate) of a trend continuation to the downside No small drop. The coming drop is equally as big as the 7.30 - 6.50 drop.

Posted by petramaises > 2022-05-27 10:17 | Report Abuse

energy demand is rising and yet no new refinery is being built. A bottle neck which will take years to resolve

Posted by cactus81 > 2022-05-27 10:18 | Report Abuse

Today the result might out during lunch break

Posted by probability > 2022-05-27 10:20 | Report Abuse

no matter how much they raise oil output - only absolute price will come down, but refinery bottle neck and margin will always be there


Posted by petramaises > May 27, 2022 10:17 AM | Report Abuse

energy demand is rising and yet no new refinery is being built. A bottle neck which will take years to resolve

Posted by Jerichomy > 2022-05-27 10:24 |

Post removed.Why?

Posted by Jerichomy > 2022-05-27 10:26 |

Post removed.Why?

Posted by profit profits > 2022-05-27 10:26 | Report Abuse

mana c22 ib ? mau beli grease siap 2 loh, nanti petrol naik harga grease pun naik harga

Posted by rr88 > 2022-05-27 10:30 | Report Abuse

Technical Update: Escape while the pain is still bearable.

Day 3 of consolidation after the big drop. What potentially of a descending triangle has evolved clearly and confirmed to be a BEARISH PENNANT. Google what a bearish pennant is, and you should run for your life.

HY Bearish Pennant (Day 4):
Pole height = 7.30 - 6.03 = 1.27
Pennant points = 6.73, 6.35, 6.03
Pennant break point (day 5) = 6.20
Tp after break = break point - pole height = 6.20 - 1.27 = 4.93

4.93 +/- few cents on the way.

Posted by probability > 2022-05-27 10:32 | Report Abuse

Column: Hurricane season menaces already stretched U.S Diesel supply

https://www.reuters.com/markets/commodities/hurricane-season-menaces-already-stretched-us-diesel-supply-2022-05-26/

Posted by DickyMe2 > 2022-05-27 10:32 |

Post removed.Why?

Posted by Jerichomy > 2022-05-27 10:34 |

Post removed.Why?

Posted by subwayzzz > 2022-05-27 10:40 | Report Abuse

thank god it's green now

Posted by 888STOCK888 > 2022-05-27 10:41 | Report Abuse

Petron is 6.55...HY should be 7.55 now

Posted by ljmeng > 2022-05-27 10:42 | Report Abuse

limpei already OTW to Mr DIY buy big hammer .... hahaha

Posted by 888STOCK888 > 2022-05-27 10:43 | Report Abuse

Syndicate buying gao gao!!! Hoot9!!!

Posted by tehka > 2022-05-27 10:43 | Report Abuse

I am waiting for uncle's article on why he bought into HY

Posted by subwayzzz > 2022-05-27 10:45 | Report Abuse

hoot9e lah

Posted by Investing_Bursa > 2022-05-27 10:57 | Report Abuse

It’s time to start your engine

Posted by Investing_Bursa > 2022-05-27 10:57 | Report Abuse

Grab while cheap cheap