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

rr88 where is your triangle now?? decided not to follow your dumbass moves and did some study myself.

Hibiscus (pump oil from the ground which is crude oil) -> Heng Yuan (Refine the oil to diesel / fuel / etc) -> Petronm (Refine but mostly sell refined oil in gas station)

Pumping is not the issue. It is how much oil you can refine!!

refined oil price - cheap crude from russia = crack spread which refinery margin!

To build a new refinery, you need huge capex, permits and approvals.

"Using the above average size (between 250,000 – 500,000 barrels a day), it will take between 5 – 7 years to complete the refinery. Duration from breaking ground to achieving full complexity & throughput can range between 3 – 8 years depending on the scope of the project."

RR88 you can play that triangle of yours in your cave!

Posted by BoomBerg > 2022-05-30 15:31 | Report Abuse

Show time after 4 pm

Posted by 888STOCK888 > 2022-05-30 15:32 | Report Abuse

My Singapura FM Guru gave a better forecast than Master OTB~
2nd half limit up~ 2nd half limit up~ 2nd half limit up~ =D






stockwin

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.

18 minutes ago

Posted by BoomBerg > 2022-05-30 15:32 | Report Abuse

Last call b4 over 7.00 today

Posted by BoomBerg > 2022-05-30 15:34 | Report Abuse

Pangsai72 already profit take with small gain
Now hiding somewhere at cave or longkang

Posted by nicholas99 > 2022-05-30 15:36 | Report Abuse

position.

Posted by DickyMe4 > 2022-05-30 15:36 |

Post removed.Why?

Posted by hengpetron > 2022-05-30 15:38 | Report Abuse

rm9.67 coming(canto wok)

Posted by kingkong99 > 2022-05-30 15:47 | Report Abuse

Russia oil embargo to be part of EU sanctions package, but final agreement left for later

Posted by subwayzzz > 2022-05-30 15:48 | Report Abuse

Heng ong huat is ours after today… or tomorrow !

Posted by kingkong99 > 2022-05-30 15:48 | Report Abuse

SINGAPORE (Reuters) -Oil prices rose on Monday, hitting their highest in more than two months, as traders waited to see whether the European Union would reach an agreement on banning Russian oil imports.

Posted by nicholas99 > 2022-05-30 15:52 | Report Abuse

ban lagi bagus. oil naik lagi. later $150. hengyuan faster go get some russian cheap oil. :P

Posted by blackgold77 > 2022-05-30 15:52 | Report Abuse

lol why call him pangsai72

Posted by blackgold77 > 2022-05-30 15:55 | Report Abuse

boomberg, can u pls boom that 6.68 roadblock

Posted by param1 > 2022-05-30 15:58 | Report Abuse

HA HA HA PANGSAI 72 LOLOL ...NICEEEEEE

Posted by Jaes > 2022-05-30 16:02 | Report Abuse

rr88 where is your triangle now

Posted by 888STOCK888 > 2022-05-30 16:14 | Report Abuse

6.68 block getting smaller...... 7.000 anytime now~

Posted by kingkong99 > 2022-05-30 16:18 | Report Abuse

"The European Council agrees that the sixth package of sanctions against Russia will cover crude oil, as well as petroleum products, delivered from Russia into Member States, with a temporary exception for crude oil delivered by pipeline."

Posted by nicholas99 > 2022-05-30 16:19 | Report Abuse

ngek ngek ngek. oil will spike up. crazy move if its real.

Posted by kingkong99 > 2022-05-30 16:20 | Report Abuse

For some added context, roughly 75% of Russian oil to Europe is delivered by tankers, so an embargo on all else but pipelines will still have a significant impact.

Posted by nicholas99 > 2022-05-30 16:21 | Report Abuse

start sending some to hengyuan way.. we love cheap oil.

Posted by subwayzzz > 2022-05-30 16:23 | Report Abuse

hy when your report release?????? diuus

Posted by searchingmoney > 2022-05-30 16:29 | Report Abuse

31st February...

Posted by subwayzzz > 2022-05-30 16:29 | Report Abuse

ok

Posted by nicholas99 > 2022-05-30 16:38 | Report Abuse

long game. next quarter also good. no scare. ukraine war likely last until end of year. i don't see any solution to the oil issue. arab all enjoy high oil price. no need high fixed cost.

Posted by KooSan > 2022-05-30 16:38 | Report Abuse

tomolo fly again?

Posted by Apple2353 > 2022-05-30 16:39 | Report Abuse

hari hari up 30 sen good liao

Posted by subwayzzz > 2022-05-30 16:39 | Report Abuse

biu biu biu

Posted by blackgold77 > 2022-05-30 16:43 | Report Abuse

Posted by rr88 > 3 days ago | Report Abuse

You are still OBLIVIOUS (not aware and not concerned) of what is going to hit you next week.

Break 6.20 to 6.10 n 6.03 ding dong ding dong for brief time. You will think that it is a normal weakness n will rebound like it did a couple of times earlier.

Then 6.03 breaks, quickly sink to 5.70.

Then 5.50 then 5.30 then 5.00 then even 5.00 cannot tahan.

This is the trajectory. How many days to get there, or how the zig zagging is dont know. But it will get there.

Its THE MAGIC OF TECHNICALS.

Posted by blackgold77 > 2022-05-30 16:44 | Report Abuse

let us all admire the great mind manipulator

Posted by nicholas99 > 2022-05-30 16:44 | Report Abuse

if russia war end.. then maybe yes. rr88 maybe right. but now russia asked for sanction to be removed. its quite impossible.

Posted by subwayzzz > 2022-05-30 16:45 | Report Abuse

congratulations we ikan bilis-es survive another day.... and beyond!
let these baby shark dududus perish with hunger
a round of applause to all of us
you all are great

Posted by blackgold77 > 2022-05-30 16:45 | Report Abuse

by that time, i will be enjoying my profits, then please by all means, rr88 can come back and earn his 17 cents.

Posted by subwayzzz > 2022-05-30 16:46 | Report Abuse

proving rr88 is nothing but a bucket of turd
waiting to be mixed with mud

Posted by subwayzzz > 2022-05-30 16:48 | Report Abuse

it's 31st of february

Posted by subwayzzz > 2022-05-30 16:52 | Report Abuse

last minute's miracle?

Posted by Ravi Kumar > 2022-05-30 16:55 | Report Abuse

WIn lose it is our own money

Posted by onlyinvestment > 2022-05-30 16:56 | Report Abuse

take profit first. if QR damn good good limit up also buy...

Posted by cactus81 > 2022-05-30 16:57 | Report Abuse

Limit up how to buy

Posted by searchingmoney > 2022-05-30 16:57 | Report Abuse

Cheers...

Posted by subwayzzz > 2022-05-30 16:58 | Report Abuse

another buy high sell low strategy
sounds good but no thanks!

Posted by williamtkb > 2022-05-30 16:58 | Report Abuse

Tomorrow limit up???

Posted by nicholas99 > 2022-05-30 16:59 | Report Abuse

if limit up. u can buy from onlyinvestment at today price.

Posted by subwayzzz > 2022-05-30 16:59 | Report Abuse

50/50 chance

Posted by Ravi Kumar > 2022-05-30 17:00 | Report Abuse

Nice popit coming for 24 and 25

Posted by smartly > 2022-05-30 17:00 | Report Abuse

6.568

Posted by smartly > 2022-05-30 17:03 | Report Abuse

if tomorrow cheong further...someone will need to pay more.

Posted by subwayzzz > 2022-05-30 17:07 | Report Abuse

C22 borrow shares to short. Need to buy share to cover already. If not die both ways

Posted by smartly > 2022-05-30 17:15 | Report Abuse

aiyo.......

Posted by smartly > 2022-05-30 17:16 | Report Abuse

predict this & predict that. end up !!!!