Posted by Rabbit2 > 2022-06-10 08:16 | Report Abuse

Correct. It is for year of assessment 2022 i.e. any financial year end fall within the calendar year 2022.

Posted by mach10 > 2022-06-10 08:19 | Report Abuse

Prosperity tax is for last year 's income . some of the glove companies have been taxed on this.

Posted by Rabbit2 > 2022-06-10 08:25 | Report Abuse

HRC 2021 pre-tax was only 128m. the effective tax rate of 35% in 2021 was merely due to under provision of tax of 15.5m in 2020 and before.

Posted by Rabbit2 > 2022-06-10 08:29 | Report Abuse

@march10
it's bcos hartalega financial year end is 31 March 2022. as simple as that.

Posted by Goinvest88 > 2022-06-10 08:32 | Report Abuse

yes, harta is huge impact due to tax on peak profit

Posted by OTB > 2022-06-10 08:38 |

Post removed.Why?

Posted by OTB > 2022-06-10 08:41 |

Post removed.Why?

Posted by OTB > 2022-06-10 08:59 |

Post removed.Why?

Posted by Sslee > 2022-06-10 09:03 | Report Abuse

As I understand;
Profit= (Sales + Closing inventories) – (Opening inventories + Purchased)
Raw material inventories are at (FIFO) purchased cost.
Finish products inventories are at cost (FIFO raw mat cost + processing cost)
At financial close then your do inventories written up/down based on market values increase/drop above/below its book value.

As of stock gain or loss is just an accounting to capture your FIFO refining margin and your current cost of stock refining margin. (FIFO margin is current cost of stock margin + Stock holding gain/(loss))

The question are you do this every quarter end or only at financial end?

Posted by MoneyMakers > 2022-06-10 09:04 | Report Abuse

Either crack spreads naturally drop (high spreads unsustainable) or war ends/oil collapse..see which come 1st..inevitable bloodbath incoming

Now just sit back, relax & wait 4 the massacre

Posted by willc48 > 2022-06-10 09:14 | Report Abuse

chinesr mainland kwners laughing with all profits gained when price was high. now they are pushing price back to RM5 range

Posted by Sslee > 2022-06-10 09:15 | Report Abuse

MoneyMakers,
Why just sit back, relax & wait 4 the massacre?
When you should seize the opportunity to short Hengyuan and make million.

Posted by Believe3222 > 2022-06-10 09:16 | Report Abuse

Hengyuan and Hiapteck same fate?

Posted by 888STOCK888 > 2022-06-10 09:17 | Report Abuse

Yeah, sell all to kyy

Posted by 888STOCK888 > 2022-06-10 09:18 | Report Abuse

Yeah, sell cheap to FMs and Syndicates

Posted by searchingmoney > 2022-06-10 09:19 | Report Abuse

semua dah lari ke Hibiscus...

Posted by 888STOCK888 > 2022-06-10 09:26 | Report Abuse

Thanks for selling. =D

Posted by Investing_Bursa > 2022-06-10 09:29 | Report Abuse

Nothing much to do but just to nibble some today ….lol

Posted by brian3381 > 2022-06-10 09:36 |

Post removed.Why?

Posted by hng33 > 2022-06-10 09:47 | Report Abuse

Technically, hengyuam share is in downtrend mode. Short term, FA no applicable, need to follow TA as indicator already clearly indicate is downtrend chart is about to begin now.

To reverse trend, crude oil or crack spread are no good guideline now, Hengyuan need to post black and white, clear increasing EPS to meet market estimation and verify your projection on profit is correct.

Posted by brian3381 > 2022-06-10 09:48 |

Post removed.Why?

Posted by Everybodyhuat > 2022-06-10 09:49 | Report Abuse

the IBs are playing buy sell in HY today. Deliberately put a high road block at a sell price to stop it from going up while same time, throw a few cents cheaper to push it down. No sane retailers will do that to sell much cheaper. Problem is, no big retailers are buying, they keep talking and analysing figures.

Posted by zeroxweng > 2022-06-10 09:51 | Report Abuse

wake up!

Posted by MoneyMakers > 2022-06-10 09:52 | Report Abuse

Syndicate inside still need average down & rebound abit

Now everyone just looking exit opportunity b4 inevitable collapse back to rm4

Posted by MoneyMakers > 2022-06-10 09:53 | Report Abuse

Real show starts when syndicate average down & totally EXIT

Soo low floating shares - few big sell orders easily flash crash 15%++ within minutes

Posted by 888STOCK888 > 2022-06-10 09:54 | Report Abuse

Thanks for selling. Untung a bit this morning =D

Posted by 888STOCK888 > 2022-06-10 10:17 | Report Abuse

big block buying at 6.00.... lai lai lai... hammer it down!!!

Posted by VTrade > 2022-06-10 10:48 | Report Abuse

晕

Posted by rr88 > 2022-06-10 10:48 | Report Abuse

Jeng jeng jeng....
Black monday in kl
Black monday in new york
Even darker than black in kl on tuesday

In case you still sleepwalking, the index came crashing down below 1500 without any support.

Posted by 888STOCK888 > 2022-06-10 11:44 | Report Abuse

rr88...you said you will only come back at 5.00??? itchy hand to buy ah?? Where is your bearish pennant??? I'm waiting to buy at 6.00 leh

Posted by 888STOCK888 > 2022-06-10 11:48 | Report Abuse

Can always change the index stock.... who knows HY can become one of the index stocks? LOL

Posted by williamtkb > 2022-06-10 11:59 | Report Abuse

Wao... RM6 never touch yet today. I'm waiting Rm5.8

Posted by 888STOCK888 > 2022-06-10 12:02 | Report Abuse

how to touch? not enough seller la

Posted by MoneyMakers > 2022-06-10 12:07 | Report Abuse

Aiyaa nothing goes down in str8 line

Normal got people/syndicate average down to exit..see rebound here there

But end result still same..back down to pre-goreng price rm4

Posted by 888STOCK888 > 2022-06-10 12:09 | Report Abuse

Pre-goreng price 0.10 la

Posted by 888STOCK888 > 2022-06-10 12:09 | Report Abuse

Support is there la

Posted by 888STOCK888 > 2022-06-10 12:10 | Report Abuse

people selling Petron and buy HY la

Posted by rr88 > 2022-06-10 12:15 | Report Abuse

When the going gets tough, you get out. Dont try to be a hero.

I repeat. Its one of a BEARISH PENNANT formation. Tp is the height of the pennant pole below the breakdown point. Tp 4.93 +/- 3 cents. Breakdown coming soon. Weaken, weaken, weaken and then break. I know la bcause I am 100 times better than lousy OTB.

Btw, index breakdown psycho. Break 1500 straight down to 1,493 n rebounding to 1500 breakdown point turned resistance, then going lower than 1,493 n lower n lower until you pee in yr pants.

Posted by 888STOCK888 > 2022-06-10 12:17 | Report Abuse

people selling Petron and buy HY la... see the buyers at 6.08....sibeh steady

Posted by 888STOCK888 > 2022-06-10 12:18 | Report Abuse

I repeat.... rr88...you said you will only come back at 5.00??? itchy hand to buy ah?? Where is your bearish pennant??? I'm waiting to buy at 6.00 leh

Posted by Pendekar_BujangLapok > 2022-06-10 12:19 |

Post removed.Why?

Posted by lee77 > 2022-06-10 12:30 | Report Abuse

HY loss money because oil price at 125.XX

Posted by MoneyMakers > 2022-06-10 12:42 | Report Abuse

Dont bother wait Q2..by time QR out, war prob alrdy over + oil collapse

Alrdy 100days war..Luhansk almost fallen..last target @ Donetsk then can claim victory Donbas liberation

Doubt will take another 100days just 2 capture Donetsk

Posted by DickyMe3 > 2022-06-10 13:01 |

Post removed.Why?

Posted by Johnzhang > 2022-06-10 13:13 | Report Abuse

@OTB, I think Sslee is correct. The prosperity tax is for assessment year 2022. Our tax system is pay as you earn . As such, assessment year 2022 refer to year income is earned.
Sslee posted :
Prosperity tax was tabled last year for Budget 2022 thus I think it should be for taxable income above RM100 million for year 2022.

Posted by meistsk3134 > 2022-06-10 13:28 | Report Abuse

lol all petron hy petdag drop

Posted by VTrade > 2022-06-10 13:31 | Report Abuse

Why is monday and tuesday ?
Rr88

Posted by WinBigOrLoseAll > 2022-06-10 13:55 | Report Abuse

bought wrongly, should buy petronm...

Posted by subwayzzz > 2022-06-10 13:57 | Report Abuse

rip hy :(

Posted by hengpetron > 2022-06-10 14:25 | Report Abuse

????
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