Posted by hengpetron > 2022-06-24 08:23 | Report Abuse

Look like 5 is history

Posted by hengpetron > 2022-06-24 08:24 | Report Abuse

Low iq may not like it

Posted by hengpetron > 2022-06-24 08:24 | Report Abuse

Good time to accumulate stocks, says analyst

Posted by hengpetron > 2022-06-24 08:26 | Report Abuse

That sub rm4.3 was a gift from God. If you missed it, you didn’t deserve it.

Posted by hengpetron > 2022-06-24 08:57 | Report Abuse

More war coming
Ukraine accepted as EU membership candidate; Biden approves $450 million military aid package

Posted by hengpetron > 2022-06-24 08:59 | Report Abuse

RUSSIA cari gaduh lagi
Kaliningrad row: Lithuania accuses Russia of lying about rail 'blockade

Posted by hengpetron > 2022-06-24 09:00 | Report Abuse

Lithuania is enforcing EU sanctions and restricting freight traffic to the Russian exclave of Kaliningrad. Moscow has responded by threatening the leadership in Vilnius with "serious consequences."

Posted by hengpetron > 2022-06-24 09:00 | Report Abuse

More war coming

Posted by hengpetron > 2022-06-24 09:00 | Report Abuse

We are F

Posted by subwayzzz > 2022-06-24 09:18 | Report Abuse

bursa malaysia today's liquidity so low?

Posted by harold8990 > 2022-06-24 09:21 | Report Abuse

all keeping cash to prepare for recession n stagflation

Posted by nicholas99 > 2022-06-24 09:26 | Report Abuse

lithuania small country.. war will over very fast. haha

Posted by hengpetron > 2022-06-24 09:28 | Report Abuse

Lithuania is nato member
Usa and europe like turkey German have to defend small Lithuania

Posted by hengpetron > 2022-06-24 09:30 | Report Abuse

Parasites can spread lies
High crack spread Dont lies

Posted by hengpetron > 2022-06-24 09:31 | Report Abuse

The United States said Tuesday (21 June) it stood firmly behind Lithuania and NATO commitments to defend it after Russia warned its neighbor over restrictions on rail transit to the Russian enclave of Kaliningrad.

“We stand by our NATO allies and we stand by Lithuania,” State Department spokesman Ned Price told reporters.

“Specifically our commitment to NATO’s Article Five — the premise that an attack on one would constitute an attack on all — that commitment on the part of the United States is ironclad,” he said.

Posted by hengpetron > 2022-06-24 09:32 | Report Abuse

Parasites can spread lies
High crack spread dont lies

Posted by Junichiro > 2022-06-24 09:32 | Report Abuse

Lithuania signed agreements with Russia on free transit routes prior to being granted independence. Russia might abrogate the agreements as well as Lithuania's independence.

Posted by klee > 2022-06-24 09:37 | Report Abuse

uwc

Posted by Sslee > 2022-06-24 09:54 | Report Abuse

Reducing Reliance on Russia
In response to the invasion of Ukraine, several countries have taken strict action against Russia through sanctions on exports, including fossil fuels.

The U.S. and Sweden have banned Russian fossil fuel imports entirely, with monthly import volumes down 100% and 99% in May relative to when the invasion began, respectively.
On a global scale, monthly fossil fuel import volumes from Russia were down 15% in May, an indication of the negative political sentiment surrounding the country.

It’s also worth noting that several European countries, including some of the largest importers over the 100-day period, have cut back on Russian fossil fuels. Besides the EU’s collective decision to reduce dependence on Russia, some countries have also refused the country’s ruble payment scheme, leading to a drop in imports.

The import curtailment is likely to continue. The EU recently adopted a sixth sanction package against Russia, placing a complete ban on all Russian seaborne crude oil products. The ban, which covers 90% of the EU’s oil imports from Russia, will likely realize its full impact after a six-to-eight month period that permits the execution of existing contracts.

While the EU is phasing out Russian oil, several European countries are heavily reliant on Russian gas. A full-fledged boycott on Russia’s fossil fuels would also hurt the European economy—therefore, the phase-out will likely be gradual, and subject to the changing geopolitical environment.

Posted by nicholas99 > 2022-06-24 09:56 | Report Abuse

No one can reduce reliance.. India and china buying a lot of oil from them.. and you know why? China are going against US. and India are buying cheap oil for themselves. If Saudi ramp up production, and russia will also ramp up production. Cheaper oil. But Saudi will get hurt from this. They are not stu pid.

Posted by nicholas99 > 2022-06-24 09:57 | Report Abuse

High oil price also one of the reason ruble is going strong.

Posted by hengpetron > 2022-06-24 10:00 | Report Abuse

Saudi salman is a man with a vision
Opec lead by him will make oil remain high forever

Posted by tehka > 2022-06-24 10:07 | Report Abuse

Haiyah bruh.. post a lot, post long-long won't affect the price one. Ppl dont make investment decisions based on i3 forum comments

Posted by Junichiro > 2022-06-24 10:14 | Report Abuse

Of course Saudi salman knows Biden is waving a human rights file at him. Biden just want to get oil prices down n after that he will wave the human rights file at him again.

Posted by hengpetron > 2022-06-24 10:17 | Report Abuse

Lithuania is enforcing EU sanctions and restricting freight traffic to the Russian exclave of Kaliningrad. Moscow has responded by threatening the leadership in Vilnius with "serious consequences."

Posted by hengpetron > 2022-06-24 10:17 | Report Abuse

Lithuania war is coming

Posted by hengpetron > 2022-06-24 10:18 | Report Abuse

High crack spread will remain high

Posted by hengpetron > 2022-06-24 10:19 | Report Abuse

Mighty russia may show force at Lithuania border before invasion

Posted by hengpetron > 2022-06-24 10:19 | Report Abuse

No play play with Putin

Posted by hengpetron > 2022-06-24 10:21 | Report Abuse

Ukraine never thought of invasion

Posted by hengpetron > 2022-06-24 10:22 | Report Abuse

No play play with Putin

Posted by rr88 > 2022-06-24 12:11 | Report Abuse

Sold all! Escape with a few cents profit before it evaporates
1. Volume disappear
2. Hibiscus crashing

=> A final drop to square 1 at 3.90 on the horizon. Then it will hybernate there for a year.

Posted by MoneyMakers > 2022-06-24 12:33 | Report Abuse

Very2 low volume

Even syndicate (stuck high) not buying at this range..just queue defend from further drop

Posted by beinvested > 2022-06-24 13:16 | Report Abuse

1. Looking at the current war in Ukraine and the possibilities of spreading the conflict to the nearby lands (like Lithuania and could be few others), how Russia may have to attack Israel and lead to the fulfillment of the prophesies in the Bible (Ezekiel 38:14-16) will be very scary.

So far, Israel did not get involve in the Ukraine war but not sure when come to Lithuania because Lithuania may seek Israel help like President of Ukraine did.
2. Few conflicts may be needed to take place, so that could lead to the the involvement of Israel towards Russia (land from the far north, Moscow is far north from Jerusalem). Russia will have to attack Israel then?


3. On the other side, Iran's nuclear facilities/the advancement are helped and are still supported by Russia. Israel committed to avoid Iran from getting a nuclear bomb at all cost and Iran had recently blamed Israel for the killing of numerous important people in their military advancement. Likely, Russia will defend Iran like Syria if it is attacked by another or Israel.

Posted by MoneyMakers > 2022-06-24 16:07 | Report Abuse

Everyday getting closer&closer 2 final massacre

Posted by Investing_Bursa > 2022-06-24 16:20 | Report Abuse

More likely base building for upleg

Posted by hengpetron > 2022-06-24 16:25 | Report Abuse

Lithuania WAR is coming

Posted by PureBULL ... > 2022-06-24 16:31 | Report Abuse

THIS IS PALM OIL PRICE TODAY:
https://www.tradingview.com/x/BdgfASft/

the brief super bull run on palm oil stocks is GG.
the prices now r as low as or even lower than b4 the bull run!

https://www.tradingview.com/x/hpB3epEY/
https://www.tradingview.com/x/KDHFBFEu/
https://www.tradingview.com/x/9A8EpLeX/
https://www.tradingview.com/x/ZMtT9f6M/
https://www.tradingview.com/x/2eQO8iYQ/
https://www.tradingview.com/x/JeApGVOJ/
the top 2 r:
https://www.tradingview.com/x/JSibWjoO/
https://www.tradingview.com/x/x8Q49kym/

NB: Stocks drop 9% from its peak price is GG, at most times.
EW count can help stock players. it's about knowhow in mkt cycle or behavior.
Final Sell or cut.loss at 9% can help capture the profit or safeguarding the capital.
When stocks r dropping, forget about FA. Price Action Theory is 1st thing 1st.,.

This is Crude OIL WTI, seemingly just after attempting a failed double TOP:
https://www.tradingview.com/x/wtwCqxeK/

Posted by treasurehunt > 2022-06-24 16:46 | Report Abuse

It's a volitile market. It looks like buyers of CPO bought as much as quantity they can until the price reached 7k and follow by stop buying and waiting price to crash before replenish their stocks.

Posted by NorAfan > 2022-06-24 17:43 | Report Abuse

Yup. Memang betul. Refinery crack spread price masih lebih daripada $25 malah lebih daripda $30. Harga saham memang digoreng rendah sangat...

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

Ya betul, rr88 tak paham perbezaan antara hibicus dan hengyuan.Bola dah kecut bila melihat bunga raya

Posted by hengpetron > 2022-06-24 18:19 | Report Abuse

Anda jangan risau sebab bearish season akan berlalu sekelip mata.

Posted by hengpetron > 2022-06-24 18:20 | Report Abuse

Lithuania will russian army
War at the horizon.

Posted by Want2MakeMoney > 2022-06-24 18:53 | Report Abuse

Don't gamble with your money. Q1 everyone thought 300 PAT, ended up 400 derivative loss and inventory write down 130K, 40 PAT nia. High Crack yes everyone know will translate to high margin. What everyone not sure is if Derivative loss will be 800,900 or 100 or ...... will there be another inventory write down ? This is a Casino stock brother and sister

Posted by OnTime > 2022-06-24 18:57 | Report Abuse

the whole bursa is a gambling den

Posted by treasurehunt > 2022-06-24 19:05 | Report Abuse

The world share market is a gambling den cause many buy shares with margin. They would be scared like hell when FED is hiking interest rates.

Posted by hengpetron > 2022-06-25 00:12 | Report Abuse

Monday limit up

Posted by hengpetron > 2022-06-25 00:13 | Report Abuse

as always rr88 sell for peanut
Dow jones up like hell
Oil up like hell

Posted by bullmarket1628 > 2022-06-25 07:23 |

Post removed.Why?

Posted by Sslee > 2022-06-25 09:33 | Report Abuse

Just to help you to see what will be petronm Q2 2022 NPAT.

In term of profitability vis-a vis crack spread :
Petron's NPAT :
Q12022 - RM106.4 mil ,
2021 - RM238.5 mil ,
2020 - (13.3 mil)
Avg crack spread :
Q12022 - about USD14 ,
2021 -about USD7.78 ,
2020 -aboutUSD1.44

The month end crack spread figures are as below (in the order Jan to Dec) :
FY2020: 5.99, 4.91, (5.22), (3.35), (0.91), 2.36, (1.00) , 1.77, 4.54, 2.82, 1.51, 3.92 (Avg 1.44)
FY2021: 3.51, 6.39, 7.05, 7.34, 5.82, 7.08, 9.71, 7.56, 7.61, 12.83, 7.28, 11.21 (Avg 7.78)
FY2022: 12.42, 13.33, 14.85, 21.01, 26.69. (YTD may avg 17.67

Petronm derived its NPAT from retail sales, commercial sales and refining margin. Petronm refinery running at abt 5 million barrel per quarter compare to HY 10+ million. Hence in theory HY should make more profit due to high crack spread but the only question is HY hedged or some say speculate on derivatives.