Posted by subwayzzz > 2022-05-30 13:15 | Report Abuse

blue balls waiting for hy's result

Posted by Jerichomy > 2022-05-30 13:21 | Report Abuse

I come bek oredi guys…pls kill all the ikan bilis so that they cry mother and father kaka

Posted by nicholas99 > 2022-05-30 13:21 | Report Abuse

if this quarter 200-300mil profit. next quarter sure 400-500mil.

Posted by nicholas99 > 2022-05-30 13:22 | Report Abuse

then time to give dividend as usual practice. :)

Posted by KooSan > 2022-05-30 13:22 | Report Abuse

Yo...its Oil Supercycle

Posted by nicholas99 > 2022-05-30 13:26 | Report Abuse

i think most Bank still in Palm oil.

Posted by RWG > 2022-05-30 13:36 | Report Abuse

still no report out, very danger

Posted by subwayzzz > 2022-05-30 13:39 | Report Abuse

hahaha. like this also danger. coward

Posted by nicholas99 > 2022-05-30 13:40 | Report Abuse

palm oil really GG. see jtiasa.

Posted by subwayzzz > 2022-05-30 13:46 | Report Abuse

subur and jtiasa are brothers
hence, if subur rhymes with kubur, the brother is likely to share the same fate

Posted by subwayzzz > 2022-05-30 13:47 | Report Abuse

subur and jtiasa are pump and dump counters
yum yum yum

Posted by jungleboy > 2022-05-30 13:54 | Report Abuse

jus wana understd on crack spread%...is higher global oil price contribute positively to the profit of refiners like HY?

Posted by subwayzzz > 2022-05-30 13:59 | Report Abuse

no

Posted by subwayzzz > 2022-05-30 14:00 | Report Abuse

positive crack spread yes

Posted by KooSan > 2022-05-30 14:02 | Report Abuse

election coming ma

Posted by Jerichomy > 2022-05-30 14:04 | Report Abuse

Where got palm oil, use ur brain…Subur Tiasa oredi become kubur

Posted by nicholas99 > 2022-05-30 14:05 | Report Abuse

petronm also announced qr already. so.. should be safe.

Posted by nicholas99 > 2022-05-30 14:06 | Report Abuse

too much money. need more time calculate maybe?

Posted by BoomBerg > 2022-05-30 14:08 | Report Abuse

Do you notice more cars and jams after post Convid than pre Convid
And most airlines planes already on sky
Demand of fuel are ath than pre Convid

Posted by BoomBerg > 2022-05-30 14:09 | Report Abuse

So what are you waiting for?

Posted by nicholas99 > 2022-05-30 14:11 | Report Abuse

shell... oil.. pump more.. :)

Posted by jungleboy > 2022-05-30 14:15 | Report Abuse

so is HY getting positive crack spread?

Posted by jungleboy > 2022-05-30 14:15 | Report Abuse

wht HY fair price with the QR earning coming out today/this week?

Posted by BoomBerg > 2022-05-30 14:17 | Report Abuse

Many refinery in the world are close for good during convid lockdown
No more new refineries investment due to evolution of electric vehicles
Present refinery in the world will enjoy very high crack spread for at lesat 3-5 years

Posted by klsejeff88 > 2022-05-30 14:19 | Report Abuse

jungleboy - ask rr88 , he will teach you crack spread and when to buy with his hammer theory

Posted by BoomBerg > 2022-05-30 14:19 | Report Abuse

77777777777777777777777777777 today mesti capai

Posted by klsejeff88 > 2022-05-30 14:20 | Report Abuse

Also can ask Jerichomy , he has the shark and Billis and belacan trading method. he can show you the way

Posted by subwayzzz > 2022-05-30 14:23 | Report Abuse

I got sickle theory. That’s socialist strategy

Posted by BoomBerg > 2022-05-30 14:24 | Report Abuse

When stock are bullish due to demand more than supply and fundamental
Chart are useless

Posted by supersinginvestor > 2022-05-30 14:25 | Report Abuse

I got big bals.i buy big and see...
Now i busy praying ...lol

Posted by 888STOCK888 > 2022-05-30 14:26 | Report Abuse

2nd half limit up~ 2nd half limit up~ 2nd half limit up~ =D

Posted by subwayzzz > 2022-05-30 14:29 | Report Abuse

h00t9e

Posted by ljmeng > 2022-05-30 14:29 | Report Abuse

haha...i pray to duapekgong, huatsigong and zogong....popi popi popi hengyuan big up!

Posted by supersinginvestor > 2022-05-30 14:29 | Report Abuse

Huat ah....lai lai limit up

Posted by subwayzzz > 2022-05-30 14:31 | Report Abuse

Take some fuel from refinery and pump into rocket so the price can mooooooooooon

Posted by supersinginvestor > 2022-05-30 14:34 | Report Abuse

Limit up lai lai

Posted by Apple2353 > 2022-05-30 14:35 | Report Abuse

ljmeng - your prayers are answered.. up up up

Posted by ljmeng > 2022-05-30 14:35 | Report Abuse

wow....bomoh king KO 17cent joker!!!!!!

Posted by searchingmoney > 2022-05-30 14:46 | Report Abuse

ade hear berita tu shark jeri...?

Posted by ValueInvestor888 > 2022-05-30 15:07 | Report Abuse

https://finance.yahoo.com/news/buffett-betting-big-oil-gas-000000803.html

Buffett Is Betting Big On Oil And Gas Stocks

taking clue from Buffet which means he still believes oil and gas can run further...

Posted by stockwin > 2022-05-30 15:10 | Report Abuse

Posted by OTB > 3 hours ago | Report Abuse

Dear valued readers,

In my previous calculation, I used the sales volume as 9.00 million barrels per quarter.
In Q4 2021, the sales volume was 10.7 million barrels per quarter.
I believe I should use 10.7 million barrels per quarter to compute the projection for FY2022.

Projected Q1 2022 PAT and EPS
Inventory gain from increase of Brent crude oil price= 3.5 million * USD20.0 = USD70.0 million
Assume 1 USD= RM4.20, inventory gain = RM294.0 million

Profit margin = (10.7 million* USD13.86) - manufacturing & administrative expenses and finance cost
Manufacturing & administrative expenses and finance cost = -RM39.7 million

Profit margin = USD148.3 * 4.20 = RM622.9 million - RM39.7 million = RM583.2 million

Assume derivative financial liabilities = 280.0 million

Profit before tax = RM294.0 + 583.2 - 280.0 = RM597.2 million

Income tax = (100*24%) + (497.2*33%) million = (24.0 + 164.1) = 188.1 million

PAT = RM409.1 million

Number of shares = 300 million
EPS = 1.36

Date Crack Spread Brent crude price
1/4/22 14.01 104.58
29/4/22 21.06
2/5/22 23.46
11/5/22 26.90 108.44
Note :
The average crack spread for April 2022 is USD17.54
The current crack spread for May 2022 is USD26.90.
Never mind, I used the average crack spread of USD22.22 in Q2 2022.

Projected Q2 2022 PAT and EPS
Inventory gain from increase of Brent crude oil price= 3.5 million * USD6.0 = USD21.0 million
Assume 1 USD= RM4.38, inventory gain = RM92.0 million

Profit margin = (10.7 million*USD22.22) - manufacturing & administrative expenses and finance cost
Manufacturing & administrative expenses and finance cost = -RM39.7 million

Profit margin = USD237.8*4.38 = RM1041.6 million - RM39.7 million = RM1001.9 million

Assume derivative financial liabilities = 0 million

Profit before tax = RM92.0 + 1001.9 = RM1093.9 million

Income tax = (1093.9*33%) million = 361.0 million

PAT = RM732.9 million

Number of shares = 300 million
EPS = 2.44

Total EPS for the first half of FY2022 is equal to 3.80.
If the crack spread can maintain at USD25 for the second half of FY2022.
I believe the EPS for the second half of FY2022 should be higher than 3.80.
Never mind, I still stick to 3.80 for the second half of FY2022.

Total EPS for FY2022 is 3.80*2 = 7.60.

If my projection on the EPS of Hengyuan to be 7.60 is correct, Hengyuan will be the first stock listed in KLSE to have such high EPS in 2022.
Please tell me what is the fair target price of Hengyuan.

FYI, In 2017, the highest crack spread was USD18.00, the share price of Hengyuan hit 19.50.
Those who want to short the share price of Hengyuan, let them short now.
===========================================================================

TQVM OTB for your estimate.
Whether one agrees with him or not is another matter. I view it as his rights to his opinion and estimate.

So if I assign a PE of 2 [ in view of future uncertainty ] would give me a TP of RM15.20. Not bad at all.

Posted by subwayzzz > 2022-05-30 15:13 | Report Abuse

I want to be oil and gas king

Posted by subwayzzz > 2022-05-30 15:14 | Report Abuse

Oil and gas King of boasting

Posted by 888STOCK888 > 2022-05-30 15:15 | Report Abuse

2nd half limit up~ 2nd half limit up~ 2nd half limit up~ =D

Posted by ValueInvestor888 > 2022-05-30 15:15 | Report Abuse

Don't hantam people if a stock failed to perform...Even Warren Buffet is only 60%-70% right in his investment. He also made a lot of mistakes. If one can achieve 60% right in investment, he is doing well in investment.

Posted by subwayzzz > 2022-05-30 15:24 | Report Abuse

He is still my idol… warren buffett once told me in dream he will make oil and gas king of all

Posted by mf > 2022-05-30 15:26 | Report Abuse

warning

Posted by ValueInvestor888 > 2022-05-30 15:26 | Report Abuse

Can google : Warren Buffett’s Worst Investments of All Time

A good lesson to learn.

Posted by BoomBerg > 2022-05-30 15:28 | Report Abuse

KYY sudah kena terkubur in plantation stocks especially subur
Before that steel stock also kena campak
KYY are very smart old man and most probably he will accumulate HY due to long war and high crack spread for next 3-5 years

Posted by ValueInvestor888 > 2022-05-30 15:29 | Report Abuse

https://finance.yahoo.com/news/warren-buffett-worst-investments-time-201817506.html#:~:text=In%202015%2C%20in%20a%20letter,Berkshire%20%24444%20million%20in%20losses.&text=Advertisement-,Just%20like%20Apple%20Inc.,Tesco%20PLC%20(LSE%3A%20TSCO.