Posted by Want2MakeMoney > 2022-06-14 19:18 | Report Abuse

Don't always talk about others.

Posted by Jerichomy > 2022-06-14 19:36 |

Post removed.Why?

Posted by Want2MakeMoney > 2022-06-14 19:57 | Report Abuse

We all want to make money, but many in here that are happy when others lose money

Posted by Zhuge_Liang > 2022-06-14 20:03 | Report Abuse

Posted by Want2MakeMoney > 2 hours ago | Report Abuse

The inventory write down will be reversed in Q2 after the oil tanker arrive on 30 Jun

https://www.vesseltracking.net/ship/linda-9256858
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@Want2MakeMoney,
Pls explain your statement, keen to know more details.
Is it true Hengyuan bought crude oil from Russia ?

Posted by Jerichomy > 2022-06-14 20:18 |

Post removed.Why?

Posted by Want2MakeMoney > 2022-06-14 20:32 | Report Abuse

Any monkey also will know price will come down these 2 days .

Posted by Want2MakeMoney > 2022-06-14 20:33 | Report Abuse

Not only Heng Yuan , all counters also down. Tomorrow if price move up, they will disappear.

Posted by Want2MakeMoney > 2022-06-14 20:35 | Report Abuse

You see Annual Report 2021, source of crude 14.7% from Russia in page 25

Posted by hng33 > 2022-06-14 20:42 | Report Abuse

Hengyuan bought 17% crude oil fron Russia, but shell adpot policy to ban refine oil proceds from Russian crude oil

Hengyuan and shell have agreement to supply refine oil to its shell station. Hengyuan take prudent approach to write down these Russian crude oil.

Hengyuan can later find other buyer to take these Russian crude oil once the shipment arrive at its port Dickson by redirect shipment direct to buyer presumbly to its holding company in china.

Depending on selling price, these amount will be recoverable once payment confirm

Posted by Want2MakeMoney > 2022-06-14 20:48 | Report Abuse

Q1 Purchase is 4444598 million for 3 months , 1 month is 1481532000 , 2 weeks is 740766000, 15% is 111115000, Close to 130 million . From 24 Feb when Russia invaded Ukraine till 6 March when the oil tanker was rejected, it was around 2 weeks inventory. Write down first to close quarter, when arrive at buyer's place, reversal in Q2

Posted by Jerichomy > 2022-06-14 21:24 | Report Abuse

But the down is very steep compared to genting malaysia and inari…means that there is IDSS

Posted by hng33 > 2022-06-14 21:26 | Report Abuse

In the agreement, hengyuan is refine oil supplier for Shell. These agreements initially lapse last year, but renew to extend for another 5year till 2026.

Most of the petrol and dissel pump in Malaysia shell station are supply by hengyuan.

Posted by Jerichomy > 2022-06-14 21:27 |

Post removed.Why?

Posted by Jerichomy > 2022-06-14 21:31 |

Post removed.Why?

Posted by Jerichomy > 2022-06-14 21:31 |

Post removed.Why?

Posted by hng33 > 2022-06-14 21:36 | Report Abuse

Russian is world top oil exporters

Saudi is only world second top exporter

Its normal for Hengyuan source some of crude oil from world top exporter, Russian, its normal trade.

Shell abandoned Russian is due to western pressure, but, the ban is no UN nor Malaysia policy.

Whether is legal or not, depending clause in agreement sign between hengyuan and Shell.

Posted by Jerichomy > 2022-06-14 21:38 |

Post removed.Why?

Posted by hng33 > 2022-06-14 21:39 | Report Abuse

Petron source 100% crude oil from petronas

Hengyuan source 50% crude from petronas, 17% from Russia, balance from Arab and Asia

Posted by Zhuge_Liang > 2022-06-14 21:41 | Report Abuse

Hengyuan buys crude oil from Russia, is discount of USD35 per barrel applicable ?
If yes, a lot of saving.

Posted by Want2MakeMoney > 2022-06-14 21:43 | Report Abuse

Talk is cheap, nobody knows the real identity behind the account , except OTB . lol

Posted by Want2MakeMoney > 2022-06-14 21:44 | Report Abuse

I actually didn't buy Heng Yuan, just like to talk 3 talk 4 here and there

Posted by harold8990 > 2022-06-14 21:59 | Report Abuse

DJI abit green at the start now..we will see if that is a dead cat bounce

Posted by Want2MakeMoney > 2022-06-14 22:02 | Report Abuse

You will see the reversal in Q2 report. Crude oil got expiry date like cooking oil meh. If malaysia gomen don't allowed docking, HY will give it away free meh . You have good valuable thing cannot use, you will give it away free meh

Posted by Jerichomy > 2022-06-14 22:38 |

Post removed.Why?

Posted by Jerichomy > 2022-06-14 22:52 |

Post removed.Why?

Posted by Want2MakeMoney > 2022-06-15 00:02 | Report Abuse

Those that lost money cannot blame others lah. It is all about luck mah. You think so easy to make money from stock market meh. Lim peh, quit my job and everyday buy and sell shares lah if so easy

Posted by Want2MakeMoney > 2022-06-15 02:26 | Report Abuse

Today Green candle bar, we didn't see Monkeymaker come out to shout $4. Wednesday if down , we will see him

Posted by mf > 2022-06-15 04:38 | Report Abuse

Bitcoin drops below $21,000 briefly as crypto sell-off continues

Posted by harold8990 > 2022-06-15 09:46 | Report Abuse

so quiet today...good

Posted by ljmeng > 2022-06-15 09:58 | Report Abuse

NO HOPE LIAO THIS COUNTER.....BETTER KINKIN CUT.....

Posted by Jerichomy > 2022-06-15 09:59 | Report Abuse

IDSS

Posted by RWG > 2022-06-15 10:07 | Report Abuse

die liao

Posted by ValueInvestor888 > 2022-06-15 10:07 | Report Abuse

i think someone kena margin call...

Posted by ljmeng > 2022-06-15 10:08 | Report Abuse

THE WAY IT DROPS SEEMS SOMETHING WRONG ALREADY.........BETTER SIAM

Posted by rr88 > 2022-06-15 10:09 | Report Abuse

I am back. To save you fr further disaster.
5.18. Another 5 cents to a BEARISH ENGULFING set up. A close below 5.13 wud form a bearish engulfing, followed by 40++ cent drop tommorow. Escape!

Posted by ValueInvestor888 > 2022-06-15 10:13 | Report Abuse

i guess only lah...uncle bought too much at RM 6+ now kena margin call...

Posted by Russel > 2022-06-15 10:14 | Report Abuse

Be emphaty to those still holding HY, if don't have constructive things to say, just be quiet...

Posted by Jerichomy > 2022-06-15 10:15 |

Post removed.Why?

Posted by ValueInvestor888 > 2022-06-15 10:15 | Report Abuse

i am happy to buy more those force sales shares at bargained price now... RM 5.12-5.13

Posted by Hotstuff > 2022-06-15 10:16 | Report Abuse

I am happy to see those sooochai to buy more and get stuck and cut loss at RM4 below

Posted by Hotstuff > 2022-06-15 10:17 | Report Abuse

you think you are in charity organization?? be empathy?? go home sleep la kiddo.

Posted by harold8990 > 2022-06-15 10:18 | Report Abuse

always look at index as a general picture folks..trade with care.

Posted by Citadel12 > 2022-06-15 10:18 |

Post removed.Why?

Posted by Hotstuff > 2022-06-15 10:19 | Report Abuse

you chase at RM6 above and you said no luck?? this ain't about luck!! this is duxb!!! never show mercy to those who just love to chase high

Posted by williamtkb > 2022-06-15 10:19 | Report Abuse

Wao... Red red again today. Don't know Rm5 support will break or not...

Posted by Jerichomy > 2022-06-15 10:22 | Report Abuse

Alot ppl lari at rebound…petronm will follow rm1.20 again

Posted by param1 > 2022-06-15 10:25 | Report Abuse

HAAAAABBBIISS

Posted by MoneyMakers > 2022-06-15 10:31 | Report Abuse

No need speculate why drop..anytime can drop when syndicate run (pump&dump)

Too overvalue/overgoreng but QR didnt perform

Now everyone just looking exit opportunity b4 totally collapse

Posted by icecool > 2022-06-15 10:33 | Report Abuse

back to rm 4

Posted by RWG > 2022-06-15 10:35 | Report Abuse

malaysia will collapse soon