Posted by cactus81 > 2022-06-18 13:00 | Report Abuse

@OTB, would like to know how to subscribe your stock selection. Thank you.

Posted by Zhuge_Liang > 2022-06-18 13:04 |

Post removed.Why?

Posted by hng33 > 2022-06-18 13:31 | Report Abuse

Tech stock is more resilient if compared to cyclical stock.

Tech stock recovery is fast if inflation cen be contain.

Many commodity price now alrdy under correction. Cyclical stock will underperform until next upcycle begin which is generally 5 year to 10 year later.

Steel, aluminum, tin, gold, palm oil, all under correction. Crude oil superbull is also about to turn back coner as it is trigger by man made crisis, ukraine war against superpower Russian.

For investor intend to re enter back hengyuan, capitalize crack spread, need to stay patience. Follow scenarios like what is MSC. Tin price supercycle, but tumbling just 2 week before MSC announce its result. Despite, MSC post good result, but share price cut half from RM 5 to RM 2.5 now.

Therefore, it is best to wait till end August before hengyuan release Q result and monitor whether crack spread still maintenance elevated level.

If crack spread tumble in july - Aug, despite hengyuan report good result, it share will not perform as market look forward

Posted by michaellee3 > 2022-06-18 13:42 | Report Abuse

simple question la, next week up or down. huhu

Posted by OTB > 2022-06-18 13:44 |

Post removed.Why?

Posted by MoneyMakers > 2022-06-18 13:54 | Report Abuse

Truth is nobody knows Q2 profit b’coz nobody knows HY’s hedged price..thats why everybody got Q1 wrong

See US oil stocks alot alrdy DROP 25%/30%..everyone alrdy taking money OUT b’coz this is tail-end of war

Posted by BLee > 2022-06-18 13:57 | Report Abuse

@OTB: Sales volume = 10.6 million barrels
Revenue = 10.6*USD130*RM4.38 =6.036 billion
Purchase =10.6*USD108*RM4.38 = 5.014 billion
Gross profit = 1.021 billion

BLee: Hi Bro @OTB, please consider the following details I have extracted from a Google search result:
Quote
What percentage of crude oil is used for fuel?
About 45 percent of a typical barrel of crude oil is refined into gasoline. An additional 29 percent is refined to diesel fuel. The remaining oil is used to make plastics and other products (see image Products made from a barrel of crude oil, 2016). Unquote

The calculation of input/output to refine into gasoline based on using the same value of 10.6 million barrels is incorrect. Tq

Happy Trading and TradeAtYoutOwnRisk

Posted by information > 2022-06-18 13:58 | Report Abuse

after the fire incident at Shanghai Petrochemical plant, S-Oil representing Asian refinery would likely move up further'


https://finance.yahoo.com/chart/010950.KS#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--

Posted by Mikecyc > 2022-06-18 14:07 |

Post removed.Why?

Posted by probability > 2022-06-18 14:26 | Report Abuse

@BLee, you are correct but OTB is also correct since he had used average refined oil product pricing with an average crack spread of 22 USD/brl

you can see he had obtained USD 130 for refined oil by adding USD 22/brl on Crude oil price of 108 USD/brl

FYI, the asian average refining margin yesterday is USD 31.8/brl considering Diesel & Jet Fuel (kerosene) crack that is sky rocketing...



Posted by BLee > Jun 18, 2022 1:57 PM | Report Abuse

@OTB: Sales volume = 10.6 million barrels
Revenue = 10.6*USD130*RM4.38 =6.036 billion
Purchase =10.6*USD108*RM4.38 = 5.014 billion
Gross profit = 1.021 billion

BLee: Hi Bro @OTB, please consider the following details I have extracted from a Google search result:
Quote
What percentage of crude oil is used for fuel?
About 45 percent of a typical barrel of crude oil is refined into gasoline. An additional 29 percent is refined to diesel fuel. The remaining oil is used to make plastics and other products (see image Products made from a barrel of crude oil, 2016). Unquote

The calculation of input/output to refine into gasoline based on using the same value of 10.6 million barrels is incorrect. Tq

Happy Trading and TradeAtYoutOwnRisk

Posted by hng33 > 2022-06-18 14:48 | Report Abuse

Calculation formula never correct as it is deal with highly cyclical business model in which profit margin is greatly affected by global commodity price. These kind of formula calculation to estimate future profit are happening in many commodity driven stock like cepat, jtiasa, for crude palm oil, tin for MSC, steel for AYS, hiaptek, aluminium for pmetal etc.

Predict cyclical business profit even can correct in 1 quarter result, the next quarter result will be total different if commodity price volatile again. Many known that current superbull crude oil and high crack spread cannot last for long period, which is happening now in many commodity price like steel, aluminum, tin, crude palm oil and affect their stock proxy share performance significantly, which in turn may reflect oil proxy future performance if crude and crack spread due correction next.

For investor intend to re enter back hengyuan, capitalize crack spread, need to stay patience. Follow scenarios like what is MSC. Tin price supercycle, but tumbling just 2 week before MSC announce its result. Despite, MSC post good result, but share price cut half from RM 5 to RM 2.5 now.

Therefore, it is best to wait till end August before hengyuan release Q result and monitor whether crack spread still maintenance elevated level.

If crack spread tumble in july - Aug, despite hengyuan report good result, it share will not perform as market look forward.

However, if crude oil and crack spread retain current elevated level for prolong time till Aug, then, time is ripe for investor to re enter back both hengyuan and petronm to enjoy their good Q result and expect next Q result to be better or maintain as prolong high crude and crack spread reduce risk significantly.

Posted by OTB > 2022-06-18 14:57 |

Post removed.Why?

Posted by PureBULL ... > 2022-06-18 15:00 | Report Abuse

PureBULL >>>, [2022-06-18 2:45 AM]

as I see it...

THE MOST CRITICAL PERIOD OF STOCK PLAYERS IS NOW

every 10-15 years of good times = pureBULL, there would be bad period of recession = times of high uncertainty.
n these BAD times = purebear could take 1 to 2 killing years.
the long good times to play afool in stocks for the long haul, r over!
many who r not risk averse would be taken to the cleaners, the stock pro shouted!
as stock players growing at CAGR on a long term, we want to avoid this purebear completely at all cost.

INVESTMENT CLOCK NEVER SLEEP
stocks r out
bonds r out
hard commodities have weakened down considerably
crude oil is showing meaningful weakness this weekend
some soft commodities have softened

the clock is ticking to CASH as the best asset class...
https://www.tradingview.com/x/hf4n0v3I/
the above is the only A1 stock chart on super bull run...

2 WARS
i. the bio.war on march 2020 is the ww3 that took away millions of lives n
caused misery to all humans in every country, n gave the world with high global inflation.
ii. then on Feb 24th, 2022, the R WAR drove up inflation further at high speed to super 40 years HIGH.

FED, the most powerful job on earth is working hard:
vision: to bring down inflation to 2%
mission: to increase interest rate aggressively in 2022 now, thru to 2023
only sometime in 2024 can interest rate drops!

Have integrative thinking n meditate on the FED...
NB:
nobody tells us that 2022 is the BAD YEAR
the equation: as interest rate increases = stock decreases in value
mkt is telling that there is NO or zero Growth stock to look at.,.
at best we can play stocks on REBOUND n must complete the buy pt with sell pts at v short term.,.

Posted by information > 2022-06-18 15:05 | Report Abuse

BREAKING NEWS!

Large Fire Reported At Shanghai Petrochemical CO Today – According to report, a 304,000 bpd refinery is on fire in China in the early hours of Saturday morning. The fire broke out at 4:28am June 17, 2022 at a chemical plant of Sinopec Shanghai Petrochemical Co LTD in Shanghai‘s Jinshan District.

Dozens of emergency were called to the scene after the fire broke out. Evacuations is currently underway at the facility in the the Jinshan District, the fire department reportedly said.

https://snbc13.com/large-fire-reported-at-shanghai-petrochemical-co-today/

https://www.youtube.com/watch?v=3UfattJzvhA

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

Look: Multiple fires as Shanghai chemical plant explodes

https://www.khaleejtimes.com/world/video-multiple-fires-as-shanghai-chemical-plant-explodes

While the lockdown was officially lifted at the beginning of June, the snarling of supply chains and shutting of factories continues to have far-reaching consequences for the global economy.

“The whole area is completely incinerated,” a shocked resident could be heard saying in the background of one video.

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

This appears way more serious than S-Oil incident.

With economy in China recovering after covid, they may need to start importing refined oil if condition persists

Posted by hng33 > 2022-06-18 15:26 | Report Abuse

Crude oil superbull alway link to recession as crude oil form major part of consumer index, inflation.

Inflation in turn is link to increase interest rate hike.

High interest rate damper economic growth, therefore reduce demand oil.

Low economic growth induce recession. The above is viscous cycle

Bear in mind, currently despite western suction Russian oil, but major oil importer, indian and China are increasing import oil from Russian, at expense to replace Saudi quota. Overall, only marginally reduce in global crude oil supply which can be easily meet by Saudi.

US baiden already on schedule to visit to Saudi to demand output. As long as US biden meet conditional demand by Saudi to support his king succession plan, Saudi render to help biden request. In additional, biden may use his power to incur windfall tax on US refiner, and use the tax income to subsidy US petrol price to bring down inflation ahead of his party year end election

Posted by information > 2022-06-18 15:28 | Report Abuse

"Globally, we expect a shortage of one refinery annually for the next few years.

If we were to include arbitrage crude advantages, which RIL highlighted earlier, margins would be even higher, and 50% above their last peak seen in mid-2008," said Morgan Stanley Research

According to analysts, the global oil and finished products that were already stretched due to the pandemic and later the Russian invasion of Ukraine, could see further tightening once Chinese demand normalises as China unlocks from the pandemic induced lockdown.

Read more at:
https://economictimes.indiatimes.com/industry/energy/oil-gas/ril-margins-at-a-20-year-high-as-asian-benchmark-grms-hit-a-record/articleshow/92045903.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Posted by hng33 > 2022-06-18 15:36 | Report Abuse

It is dangerous to chase news, breaking news is always short term nature. The factual is global political leader cannot sustain their local inflation, all effort are put to curb inflation induce by oil. The higher the oil price, the greater policy change to curb oil.

Posted by information > 2022-06-18 15:46 | Report Abuse

looks like you are more worried than anyone on the news implication

why so much effort to protect investors at current price and not when it was trading at 7

margin of safety is way too good to time entry of such stocks with results barely 2 months away, 1 qtr eps potentially reaching half of its market cap now

spend your story telling effort elsewhere mate , there are way more inflated stocks around

your oil story more applicable with hibiscus not refinery

There is no way EU or US is going to receive refined oil from russia and thats all that matters now for refinery



Posted by hng33 > Jun 18, 2022 3:36 PM | Report Abuse

It is dangerous to chase news, breaking news is always short term nature. The factual is global political leader cannot sustain their local inflation, all effort are put to curb inflation induce by oil. The higher the oil price, the greater policy change to curb oil.

Posted by hng33 > 2022-06-18 15:50 | Report Abuse

hahaha, no story telling, but is based on factual finding

Calculation formula never correct as it is deal with highly cyclical business model in which profit margin is greatly affected by global commodity price. These kind of formula calculation to estimate future profit are happening in many commodity driven stock like cepat, jtiasa, for crude palm oil, tin for MSC, steel for AYS, hiaptek, aluminium for pmetal etc.

Same alike what happen in glove stock, many calculate ASP to project future profit. Some claim stock already down to pre pandemic level, but share price continue breaking record lower. These is inherited risk for cyclical stock business model.

Predict cyclical business profit even can correct in 1 quarter result, the next quarter result will be total different if commodity price volatile again. Many known that current superbull crude oil and high crack spread cannot last for long period, which is happening now in many commodity price like steel, aluminum, tin, crude palm oil and affect their stock proxy share performance significantly, which in turn may reflect oil proxy future performance if crude and crack spread due correction next.

For investor intend to re enter back hengyuan, capitalize crack spread, need to stay patience. Follow scenarios like what is MSC. Tin price supercycle, but tumbling just 2 week before MSC announce its result. Despite, MSC post good result, but share price cut half from RM 5 to RM 2.5 now.

Therefore, it is best to wait till end August before hengyuan release Q result and monitor whether crack spread still maintenance elevated level.

If crack spread tumble in july - Aug, despite hengyuan report good result, it share will not perform as market look forward.

However, if crude oil and crack spread retain current elevated level for prolong time till Aug, then, time is ripe for investor to re enter back both hengyuan and petronm to enjoy their good Q result and expect next Q result to be better or maintain as prolong high crude and crack spread reduce risk significantly.

Posted by hng33 > 2022-06-18 15:52 | Report Abuse

Just stay patience if wan to invest in cyclical stock, wait for july and Aug data to monitor oil and crack spread sustainbility to maintain at elevated level before buy in to reduce risk

Posted by information > 2022-06-18 15:57 | Report Abuse

wow, very long story again

again cant see what is he trying to convey LOL!

really want to buy big on Monday i guess

do you know meaning of facts?

do you know how low crack spread has to drop before EPS per qtr drops below RM 1 per qtr?

Results out all these meaningless story will vaporize



Posted by hng33 > Jun 18, 2022 3:50 PM | Report Abuse

hahaha, no story telling, but is based on factual finding

Posted by probability > 2022-06-18 16:04 | Report Abuse

@information, dont waste time on hng33. He is a selfless guru wants to help other investors for obtaining good karma for his after life..he he

When July kicks in people will panic buy already

I think the sell down is due to Koon panic seeing results of Q1 that he cannot comprehend - at that age you can understand they cannot handle uncertainty well

the same person who boosted the price is the cause of its decline

patience

Posted by emsvsi > 2022-06-18 16:10 | Report Abuse

THIS HENG YUAN REMINDS ME OF GLOVE LOVERS WHO TRIED TO CALCULATE ASP AND MARGINS BUT SHARE PRICE DROPPED BY 90% FROM PEAK TO EVEN LOWER THAN PREPANDEMIC

Posted by probability > 2022-06-18 16:13 | Report Abuse

as you can see there are still people around who find it very complex to calculate earnings of hengyuan from crack spread data

its like rocket science for majority

Posted by emsvsi > Jun 18, 2022 4:10 PM | Report Abuse

THIS HENG YUAN REMINDS ME OF GLOVE LOVERS WHO TRIED TO CALCULATE ASP AND MARGINS BUT SHARE PRICE DROPPED BY 90% FROM PEAK TO EVEN LOWER THAN PREPANDEMIC

Posted by PureBULL ... > 2022-06-18 16:52 | Report Abuse

THERE R ONLY 2 TYPES in stock mkt investing :

1st is the BEST = Growth Stocks = could grow for 3 to 8 QR in stock prices continuously.,.

2nd only is Value stocks = could grow for max 2 QR.,. = as mkt proven lately in steel then palm oil n soon in oil refinery.,.

all stocks need a catalyst or 2 to fly HIGH in prices.,.

the economic catalyst is
increasing QR PAT from
tailwinds to;
1) increasing ASP = value stocks only. n only growth stocks will have enhanced
2) increasing growth with added # of factories = power scalability #.,.

Posted by VTrade > 2022-06-18 16:58 | Report Abuse

Good view purebull

Posted by Sslee > 2022-06-18 17:05 | Report Abuse

When China make a commitment to cut down its CO2 emission they talk the talk and walk the walk.

Oil refinery capacity and supply....China has excess refinery capacity but the government has cut down the export quota license all in the name of climate change.

Posted by Sslee > 2022-06-18 17:29 | Report Abuse

You cannot find fault with the below sensible statement by hng33:

Therefore, it is best to wait till end August before hengyuan release Q result and monitor whether crack spread still maintenance elevated level.

If crack spread tumble in july - Aug, despite hengyuan report good result, it share will not perform as market look forward.

Posted by probability > 2022-06-18 17:40 | Report Abuse

To those still have difficulty deriving refining margin of refinery linked singapore hub MOPS spot prices, below article shows comparison to historical refining margin.

THIS IS A VERY USEFUL INFORMATION FOR LAYMAN

Q4FY22 mentioned below for Indian refiners is Q1 22 for HY.
These margins are slightly lower as they are for simple refiners.
HY is a complex refinery and derives higher margin.

We can see gross margin of HY for Q1 22' is at 11 USD/brl. 3 USD/brl higher than 8 USD/brl from the table.

For Q2 22', complex refiner like HY will have refining margin at USD 24/brl level.

.....................


Oil refining margins at new highs of $26

Singapore Gross Refining Margins – Asian benchmark – touched new life highs of the $25.9 per barrel mark, on the back of rising demand for refined products globally.

Updated Jun 17, 2022

https://www.timesnownews.com/business-economy/companies/oil-refining-margins-at-new-highs-of-26-article-92270853

Chart Header:- Singapore GRMs On Uptrend
Q1FY21 -0.9
Q2FY21 0
Q3FY21 1.2
Q4FY21 1.8
Q1FY22 2
Q2FY22 3.7
Q3FY22 6.1
Q4FY22 8.1
Q1FY23 20

Posted by OTB > 2022-06-18 17:42 |

Post removed.Why?

Posted by Rabbit2 > 2022-06-18 17:54 | Report Abuse

Totally agreed!

Posted by probability > 2022-06-18 17:57 | Report Abuse

Fair statement from OTB

Its our job to show the average crack spread link to the gross profit of hengyuan

to let market see what HY earnings will be say at 13 USD/brl (which easily exceeds EPS of RM 1/qtr, even more so with weakening RM)

once market understands this link clearly, its up to market to decide what price to assign to HY knowing earnings going forward with available crack spread data

statement like crack spread drop will lead to price drop without any tangible figures is very misleading and opportunistic knowing market haven't really figure out HY earnings potential with current margin

Posted by information > 2022-06-18 18:02 | Report Abuse

what a low IQ comment

imagine HY price is RM 1 now, would you wait till august results?

why not? because its too cheap compared to its earnings expected going forward right?

same way, even at current price, HY is just bloody too cheap with earnings potential which any engineer with basic knowledge can figure out

what happens if by July share price shot up to RM 6.50, you still want to wait for august?

WTF brains we have here!

Posted by Sslee > Jun 18, 2022 5:29 PM | Report Abuse

You cannot find fault with the below sensible statement by hng33:

Therefore, it is best to wait till end August before hengyuan release Q result and monitor whether crack spread still maintenance elevated level.

If crack spread tumble in july - Aug, despite hengyuan report good result, it share will not perform as market look forward.

Posted by StingRay > 2022-06-18 18:17 | Report Abuse

Hahaha... the calculation of gross margin is not entirely accurate. Reduced Brent Crude price will not affect margin for HY is wrong.Too simplistic in trying to understand the refining business. However, I must say a good effort to OTB for trying to educate others. Not a buy or sell call. Just want others to have better insight of the refining business.

Posted by StingRay > 2022-06-18 18:21 | Report Abuse

is that the way you call others when you want more information? has your mother not teach you any manners? initially wanted to share, but now... forget it. hahaha.

Posted by StingRay > 2022-06-18 18:24 | Report Abuse

hahaha... by saying so, it will sooth your ego better? so be it. wasting time only.

Posted by StingRay > 2022-06-18 18:26 | Report Abuse

well, it is my time anyway. why should that bother you? hahaha.

Posted by StingRay > 2022-06-18 18:27 | Report Abuse

like what you have written? and that sort of information is useful to others? hahaha.

Posted by StingRay > 2022-06-18 18:28 | Report Abuse

deleting your posting would not change my perception against you. hahaha.

Posted by MoneyMakers > 2022-06-18 18:36 | Report Abuse

Aiyaa just leave lo if dont want share anything (good/bad)

Ur ego soo big issit - think ur knowledge soo important & nobody else know kikiki

Posted by StingRay > 2022-06-18 18:38 | Report Abuse

nothing to do with my ego. but I don't think anyone would be happy being call what information called me. and I have shared this knowledge many times before. anyway, not going to waste anymore time here.

Posted by MoneyMakers > 2022-06-18 18:39 | Report Abuse

Aiyaa then leave lo..nobody cares whether u share anything or not

Posted by probability > 2022-06-18 18:55 |

Post removed.Why?

Posted by probability > 2022-06-18 18:57 | Report Abuse

Oil refining capacity growth not enough to solve global diesel crisis:IEA

16/06/2022

https://www.argaam.com/en/article/articledetail/id/1568263

A wave of new oil refining capacity that is coming on stream will not be enough to solve a global shortage of diesel, jet fuel and similar petroleum products, according to International Energy Agency (IEA) report published June 15.

Increased processing -- as new plants come online -- this year and next will fall short of what is needed to match demand for the so-called middle distillate fuels, Bloomberg reported, citing the IEA report.

The agency said the future oil refining operations will likely not be sufficient to fully meet the demand for middle distillates in 2022 or 2023.

In the past weeks, prices for middle distillates have soared due to an unprecedented shortage, which has increased petrol costs at the gas station.

Posted by tehka > 2022-06-18 18:58 | Report Abuse

Uncle kyy write article asking you to sell. You all know what that really means.

Posted by emsvsi > 2022-06-18 19:07 | Report Abuse

PEOPLE NEVER UNDERSTAND WHAT GOES UP QUICKLY WILL CRASH EVEN QUICKER AND LOWER DONT BE THE LAST ONE HOLDING THE BAG LIKE GLOVE LOVERS

Posted by probability > 2022-06-18 19:10 | Report Abuse

@emsvsi, below is for you:


To those still have difficulty deriving refining margin of refinery linked singapore hub MOPS spot prices, below article shows comparison to historical refining margin.

THIS IS A VERY USEFUL INFORMATION FOR LAYMAN

Q4FY22 mentioned below for Indian refiners is Q1 22 for HY.
These margins are slightly lower as they are for simple refiners.
HY is a complex refinery and derives higher margin.

We can see gross margin of HY for Q1 22' is at 11 USD/brl. 3 USD/brl higher than 8 USD/brl from the table.

For Q2 22', complex refiner like HY will have refining margin at USD 24/brl level.

.....................

Oil refining margins at new highs of $26

Singapore Gross Refining Margins – Asian benchmark – touched new life highs of the $25.9 per barrel mark, on the back of rising demand for refined products globally.

Updated Jun 17, 2022

https://www.timesnownews.com/business-economy/companies/oil-refining-margins-at-new-highs-of-26-article-92270853

Chart Header:- Singapore GRMs On Uptrend
Q1FY21 -0.9
Q2FY21 0
Q3FY21 1.2
Q4FY21 1.8
Q1FY22 2
Q2FY22 3.7
Q3FY22 6.1
Q4FY22 8.1
Q1FY23 20

Posted by klee > 2022-06-18 19:27 |

Post removed.Why?