RM 2 plus EPS on coming QTR - just another 3 months away... payback of market capital in 7 months (as i said before). To those who are patient..they will reap
We don’t know what are their positions in commodity swap and Crack Spread Swap for Q2. Huge hedging losses in Q2 is still possible if bet on the wrong direction. ————————— Posted by Probability: no one can predict the future, but now the future is seen - exploding crack, they will capitalize
We don’t know what are their positions in commodity swap and Crack Spread Swap for Q2. Huge hedging losses in Q2 is still possible if bet on the wrong direction.
if excluding the inventory written down of RM131m, the PAT would be better off at RM178m. but again not sure how did the inventory written down come about...
all silly punters that contra tomorrow get burn please, i already warned sure got huge derivative loss which should be excluded, but knowing hengyuan is a retail counter, they only look at headline, haha, prepare to gap down huge and come to papa!
This is true. probably all losses already provided in Q1...kitchen sinking. New hedging will be based on existing high crack spread even crack drop they will have gain on derivatives. As such Q2 will be explosive. Nonetheless, this is pure rational speculation only. HY results are very difficult to predict since 2017...
..................................... probability
when your margin expanded, new hedging will be done with expanded crack their hedging contract size is always 25% of their qtrly revenue
1 hour ago
when your margin expanded, new hedging will be done with expanded crack their hedging contract size is always 25% of their qtrly revenue
Posted by Investing_Bursa > 10 minutes ago | Report Abuse
Can otb comment abt the results ? --------------------- Sorry, I really do not know on this hedging. I depend on my accountant friend to help me on this matter. We do not expect so high losses. We expect on 280 million. We also do not expect inventory loss of 131 million. We are very confused. Thank you.
You can read A18 on derivaties exposure in USD to estimate whether Hengyuan will enjoy the q2 crack spread of USD 26/ barrel --> where do you see USD26/barrel, can't find anywhere in the report leh?
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Posted by Ahahah > 2022-05-30 17:53 | Report Abuse
Prepare to collect more from tomorrow onward