Posted by param1 > 2022-06-21 16:37 | Report Abuse

ALL HAIL ALL HAIL RR88 ZHEFUU

Posted by xuxu > 2022-06-21 16:39 | Report Abuse

then I want to sell above 5 hehe ~

Posted by CharlesT > 2022-06-21 16:40 | Report Abuse

Up 48.39%... casino game

Posted by searchingmoney > 2022-06-21 16:45 | Report Abuse

good harmony make money 2gather...

Posted by Hotstuff > 2022-06-21 17:00 | Report Abuse

the problem of OTB is that he always likes to call buy at sky high price and his blind followers will follow his buy call... lol...

Posted by investor2021trading > 2022-06-21 17:04 | Report Abuse

boom pipi up 8%!

Posted by CharlesT > 2022-06-21 17:06 | Report Abuse

Why RM7+ hiong hiong buy

Why RM4+ dare not buy?

Still believe the same higu crack spread bombastic coming Q profit right?

Posted by CharlesT > 2022-06-21 17:08 | Report Abuse

Prices dipped 40%+ in few weeks time....i doubt if u can get lower price in Aug then for Q result play

Anyway, lets c how much will be the rebound this round....30% i will also very happy

Posted by Jerichomy > 2022-06-21 17:12 |

Post removed.Why?

Posted by anthonytkh > 2022-06-21 17:15 | Report Abuse

MrContrra will sell real quick based on history w/o saying anything

Anyway, hope there are many folks here happy. I will never buy this even if it’s one of the Top3 oil refiners in our country

Posted by ValueInvestor888 > 2022-06-21 17:18 | Report Abuse

btw, should thank uncle kyy article to ask people to sell. Hope he will not buy back when uptrend again as operators don't like him, obviously

Posted by Russel > 2022-06-21 17:29 | Report Abuse

Yesterday break 200 SMA, most trader (if not the last batch) would have left, those who remain must have read sifu rr88 buy call and play on rebound!
______________________________________________________________________________

Tobby

Haix! My timing not very good already! After i sold all yesterday, then Hengyuan turn green! What a luck!

Posted by williamtkb > 2022-06-21 17:30 | Report Abuse

Still far away to close Rm5.80 gap. Today just a rebound signal... Tomorrow only know can go north or south.

Posted by Plato99 > 2022-06-21 17:52 | Report Abuse

Any contra player still around?

Bought 4.28. Sold 4.72. TQ for the 10 % contra gain.

Posted by Jerichomy > 2022-06-21 17:56 |

Post removed.Why?

Posted by Jerichomy > 2022-06-21 17:57 |

Post removed.Why?

Posted by sharemarket21 > 2022-06-21 18:03 | Report Abuse

Ought to be cautious. Bursa value remains 1.8B and not enough for the pool sharing. Set the investment right. 8-15%. Take all you want if you have went in the right timing. Don't buy and chase unless you are very certain.

Posted by VTrade > 2022-06-21 18:10 | Report Abuse

This is HY

Posted by NorAfan > 2022-06-21 19:05 | Report Abuse

Q2 results dijangka lebih baik daripada Q1 for downstream oil company

Posted by hengpetron > 2022-06-21 19:18 | Report Abuse

Jerichomy is the most low iq

Posted by Jerichomy > 2022-06-21 19:30 |

Post removed.Why?

Posted by ben0303 > 2022-06-21 19:46 | Report Abuse

MoneyMatters disappeared when price is up and very active when price is down. Repeat the same things over and over again.

Posted by PunTatBerSiul > 2022-06-21 20:00 | Report Abuse

I only know MERIAM

Posted by searchingmoney > 2022-06-21 20:47 | Report Abuse

tara lama tu short 9E mari...

Posted by Jerichomy > 2022-06-21 20:51 | Report Abuse

Ya i also learn now how short happen here

searchingmoney
tara lama tu short 9E mari...
2 minutes ago

Posted by Goldberg > 2022-06-21 20:59 | Report Abuse

After a 36% fall from peak, is Hengyuan worth a second look?/
theedgemarkets.com

June 21, 2022 20:05 pm +08

KUALA LUMPUR (June 21): Share price of Hengyuan Refining Co Bhd has had a roller coaster ride. The stock soared to a near four-year high of RM7.40 in the middle of last month, riding the positive sentiment spurred by expectations of higher oil consumption as travelling activities pick up.

But soon it fell to a low of RM4.34 on Monday amid a global selldown of equities after the US Federal Reserve raised interest rate by 75 basis points. The stock rebounded strongly on Tuesday, climbing up 36 sen or 8.29% to RM4.70, valuing it at RM1.41 billion.

Market sentiment aside, judging by the current landscape of the oil refining industry, Hengyuan's earnings prospects are likely to be rosy in the coming quarters, if not longer.


To put things into perspective, Bloomberg data showed that the margin, or crack spread, between crude oil and refined products have widened substantially since the start of the year.

Singapore Dubai FCC Refinery Margin (Singapore crude oil refining margin data) surged to US$33.38 per barrel as at June 20, up nearly six-fold from US$5.81 on Dec 31, 2021. The margin spread hit an all-time high of US$35.18 early this month. It was barely four US cents a year ago as the benchmark showed.

Meanwhile, Asia Tapis Crude Oil 211 crack spread spiked more than five times to US$37.047 per barrel on Tuesday (June 21) as at press time, up from US$7.155 per barrel as at Dec 31, 2021.

Another index, US Mid-Continent WCS Crude Oil 321 Crack Spread, also jumped by US$47.61 or 154% to US$78.517 per barrel, from US$30.909 per barrel at the beginning of this year.

Brent crude oil price stood at US$115.63 per barrel, while US West Texas Intermediate (WTI) crude stood at US$111.85 a barrel as at press time. Year-to-date, Brent crude oil has gained US$37.85 or 49% from US$77.78 a barrel at end-2021, while WTI crude oil has rallied US$39.07 or 54% from US$72.78 a barrel.

Using the above as yardstick, oil refiners are expected to enjoy fat profit margins.

The one fundamental factor that has shaped the existing industry landscape is the tight refining capacity worldwide due to the sanctions against Russia's oil production, which is likely to persist.

"We think the sanctions and supply challenge around Russia's refined products will persist even if the war is over tomorrow," Oaklands Path Capital Management Ltd chief executive officer and chief investment officer of Ngoi Se Chai commented.

Russia is the world's second-largest exporter of refined products, said Ngoi, with a total refining capacity of six million barrels per day (bpd), but many refineries in Russia have stopped producing due to limited demand for their products after the sanctions imposed by the Europe Commission and the US.

Secondly, Ngoi highlighted that China's policy to cut its export quota for refined oil products is also unlikely to change as the country has mapped out a national carbon emission reduction plan.

He noted that the Chinese government halved its oil product export quota in the first quarter of this year in a bid to reduce its carbon emissions.

On top of that, Ngoi said after several years of downturn post 2014, global refining capacity has been reduced by 1m bpd since 2019.

Posted by hengpetron > 2022-06-21 21:06 | Report Abuse

jerichomy aka moneymonyet same ah kua lah

Posted by hengpetron > 2022-06-21 21:07 | Report Abuse

Low iq till wait at 3

Posted by Goldberg > 2022-06-21 21:08 | Report Abuse

"We think the sanctions and supply challenge around Russia's refined products will persist even if the war is over tomorrow,"

Oaklands Path Capital Management Ltd chief executive officer and chief investment officer of Ngoi Se Chai commented.

Posted by Goldberg > 2022-06-21 21:10 | Report Abuse

Market sentiment aside, judging by the current landscape of the oil refining industry, Hengyuan's earnings prospects are likely to be rosy in the coming quarters, if not longer.

Posted by hengpetron > 2022-06-21 21:11 | Report Abuse

God of fortune wont give a cent to low iq

Posted by OTB > 2022-06-21 21:33 |

Post removed.Why?

Posted by Jerichomy > 2022-06-21 21:36 |

Post removed.Why?

Posted by investor2021trading > 2022-06-21 21:39 | Report Abuse

Posted by pang72 > 2 minutes ago | Report Abuse
Sell 4.70 buy back rm12 waiting Q2 record earning?
This mathematic tak Betul leh

lol! today happy n act kuku! tomorrow should b crazy!

Posted by harold8990 > 2022-06-21 21:52 | Report Abuse

might be last day to get below 5 tomorrow..some people can continue wait at rm3 please.

Posted by Goldberg > 2022-06-21 22:11 | Report Abuse

No worries- I hope we all make money and be happy. No need to be evil here.

Posted by pang72 > Jun 21, 2022 9:26 PM | Report Abuse

Goldberg,
Thank for good piece of sharing
Analyst deem hengyuan drop to the value which is unjustified by record margin!!

Posted by VTrade > 2022-06-21 22:15 | Report Abuse

So confident
Very good

Posted by hengpetron > 2022-06-21 22:29 | Report Abuse

Low iq

Posted by Jerichomy > 2022-06-21 22:40 | Report Abuse

I don’t scold until like that hang petron but when i bring ays and hiap teck…all of you target me!!

Posted by BlessedInvestor > 2022-06-21 23:57 | Report Abuse

look like big funds want to push up again thru the edge article. let see how the mkt performs tomo. Surely Hy and Petron worth a second look...

https://www.theedgemarkets.com/article/after-36-fall-peak-hengyuan-worth-second-look

Posted by Want2MakeMoney > 2022-06-22 00:30 | Report Abuse

Pump Pump Pump then Dump Dump Dump . Engine starts tomorrow, see who make money who die

Posted by Tobby > 2022-06-22 00:36 | Report Abuse

Lately my timing is bad! I am afraid the moment i buy back Hengyuan, it will drop!

Posted by Want2MakeMoney > 2022-06-22 00:40 | Report Abuse

Better stay away tomorrow, unless you like Casino

Posted by Johnzhang > 2022-06-22 06:38 | Report Abuse

Syndicates have bought enough at big discount are ready to push it up now ? Let’s see!
—————-
https://newswav.com/A2206_9iPjH7?s=A_drU3vRY

Posted by bullmarket1628 > 2022-06-22 07:18 |

Post removed.Why?

Posted by investor2021trading > 2022-06-22 07:31 | Report Abuse

sailang at 7.40 magic number!

Posted by gemfinder > 2022-06-22 08:10 | Report Abuse

Comfirm yesterday chased sure kena. Like study si pin. Tahi pampers jinzhang

Posted by MoneyMakers > 2022-06-22 08:48 | Report Abuse

Lets see if syndicate start dump today

Low floating shares - few big sell orders easily bloodbath 15% very fast

Posted by xuxu > 2022-06-22 08:50 | Report Abuse

aiyo what bloodbath so serious ? HY kaki no fear hehe

Posted by investor2021trading > 2022-06-22 08:50 | Report Abuse

Date : 21/06/22
Crack Spread Futures : USD32.154 (+0.114 or + 0.36%)

HENGYUAN:
EPS= 37.94 cent
PE = 12.39 times