Posted by citadel888 > 2022-07-06 11:03 |

Post removed.Why?

Posted by OTB > 2022-07-06 11:03 |

Post removed.Why?

Posted by citadel888 > 2022-07-06 11:04 |

Post removed.Why?

Posted by stockwin > 2022-07-06 11:04 | Report Abuse

Thank you OTB for coming out to defend your Q2 2022 profit projection. Otherwise people would think you are just another con artiste. I agree is too late to cut now. Looks like 4.27 is under threat.

Posted by Russel > 2022-07-06 11:07 | Report Abuse

Shares market was like that, sometimes you win, sometimes you lose....just ensure win more than lose was good enuf....Warren Buffet winning rate 100% and never lose even once meh?...If can't take a battle which end up losing, go Fixed Deposit market...

Posted by OTB > 2022-07-06 11:11 |

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Posted by HK_Wealth_Management > 2022-07-06 11:11 | Report Abuse

No need wait, just buy more

Posted by OTB > 2022-07-06 11:14 | Report Abuse

Warren Buffetts still continue to add position on OXY.
Spiking inflation has severe consequences for your cash savings.

Posted by citadel888 > 2022-07-06 11:16 |

Post removed.Why?

Posted by citadel888 > 2022-07-06 11:17 | Report Abuse

old man act like a immature teenager

Posted by TraderAlways > 2022-07-06 11:20 | Report Abuse

Moneymaker is the real sifu here.

Posted by Russel > 2022-07-06 11:22 | Report Abuse

The previous low of RM4.27 supporting well...

Posted by citadel888 > 2022-07-06 11:22 |

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Posted by ccpool > 2022-07-06 11:27 | Report Abuse

Pit Stop 3.585. Range low 2.92. Lose that see you at 1.835

Posted by Mikecyc > 2022-07-06 11:27 |

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Posted by Zhuge_Liang > 2022-07-06 11:36 | Report Abuse

Posted by citadel888 > 3 minutes ago | Report Abuse
OTB, WANNA MEET UP???
----------------
Ok, let me know the place anytime.
I will get my Indian group to meet you.
I need to pay a few thousand which I can afford.
Want to bully sifu, we will wait for you.
Let me know the place.

Posted by TraderAlways > 2022-07-06 11:37 | Report Abuse

Don't be blind guys. Moneymaker is as right all along and yet he didn't come out to laugh you guys now.

Posted by Mikecyc > 2022-07-06 11:44 |

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Posted by investor2021trading > 2022-07-06 12:03 | Report Abuse

Saudi Arabia increased next month’s oil prices for its biggest market of Asia amid signs that underlying demand remains robust despite growing recessionary concerns.

State producer Saudi Aramco raised its key Arab Light crude grade for Asian customers by $2.80 a barrel from July to $9.30 above the regional benchmark, almost a record high. The move was roughly in line with expectations, according to a Bloomberg survey of refiners and traders last week.

Still, most Wall Street analysts remain bullish about oil prices. Western sanctions on Moscow following its attack have disrupted flows of crude and refined products from Russia. In Asia, many refineries are almost running at full capacity and have seen their margins soar, enabling them to accept higher prices for crude from Saudi Arabia and other producers in the Persian Gulf.

Aramco’s pricing decision came days after OPEC+ -- led by Saudi Arabia and Russia agreed to raise crude output next month by 648,000 barrels a day. Yet most of the cartel’s members are struggling to boost supply and are expected to hit only 50%-70% of their collective target.

Posted by Jerichomy > 2022-07-06 12:09 |

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Posted by HK_Wealth_Management > 2022-07-06 12:09 | Report Abuse

FCPO can long, trend with Crude oil, just do it

Posted by Jerichomy > 2022-07-06 12:09 |

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Posted by investor2021trading > 2022-07-06 12:10 | Report Abuse

The trend of high gasoline production is set to continue in the near future as refiners run at full tilt to take advantage of the high refining margins. The crack spreads are well above historical averages due to low inventories both in the U.S. and globally, fuel demand rising to near pre-pandemic levels, and lower product exports from Russia, the Energy Information Administration said last month. The EIA expects America’s refinery utilization to reach a monthly average level of 96% twice this summer, “near the upper limits of what refiners can consistently maintain.”
In its June Short-Term Energy Outlook (STEO), the administration forecast that U.S. refinery utilization would be relatively high this summer in response to strong wholesale prices for petroleum products. These petroleum product prices have increased more than the price of the crude oil used to make them.

Posted by Annetan > 2022-07-06 12:20 | Report Abuse

https://www.theedgemarkets.com/article/hengyuan-refining-proposes-rm5b-unrated-mediumterm-notes

Posted by Jerichomy > 2022-07-06 12:27 | Report Abuse

Now hiap teck 27 cents

Posted by HK_Wealth_Management > 2022-07-06 12:30 | Report Abuse

As we talk about regularly, concentrate on your current business unit, do not involve any Crude Oil future transaction, one of Singapore Crude Oil company bankrupt due to loss more than 0,7billion SGD of long Crude Oil future on 2020 March, now at least 2 years time no dividend provide for the shareholder

Posted by OTB > 2022-07-06 12:37 |

Post removed.Why?

Posted by klee > 2022-07-06 12:47 | Report Abuse

Hahaha..Quarrel till want lawan ady.Smart money now shorting klci.Double oil dip killing bursa.Still got time argue,aiyoyo.

Posted by stockwin > 2022-07-06 12:53 | Report Abuse

OTB
Warren Buffetts still continue to add position on OXY.
Spiking inflation has severe consequences for your cash savings.
============================================================

Are you still buying HY on weakness?

Posted by harold8990 > 2022-07-06 13:03 | Report Abuse

was playing around n put 4.27 buy Q hit when i was busy doing work..lol..

Posted by NatsukoMishima > 2022-07-06 13:03 | Report Abuse

Leave all the commodities stocks now , great recession coming , Russia-ukraine war is going to end soon , all commodities stocks will plummet 50 % more !

Posted by MoneyMakers > 2022-07-06 13:03 | Report Abuse

Aiyoyo cannot compare Fortune500 company (OXY) & chinaman company (HY)

Posted by MoneyMakers > 2022-07-06 13:04 | Report Abuse

“KL (July 6): Hengyuan has planned to issue a RM5 billion unrated medium-term notes programme”

Walao this chinaman company really want squeeze shareholders dry

Posted by NatsukoMishima > 2022-07-06 13:29 | Report Abuse

Run fast fast below rm 2.xx soon !

Posted by TraderAlways > 2022-07-06 13:43 | Report Abuse

From glove to steel to plantaton to oil. And now, telecommunication sector is attracting new prisoners.

Posted by Jerichomy > 2022-07-06 14:42 |

Post removed.Why?

Posted by Russel > 2022-07-06 14:57 | Report Abuse

All commodities related counters, drop like shit! Haiz......sob sob

Posted by 888STOCK888 > 2022-07-06 14:59 | Report Abuse

Contra troops coming!!! SIALANG!!!! =D

Hengyuan and Petronm share price was over RM10.00 in 2017/2018 while the oil price was only around $65...

Now oil price firmly above $100 and oil crack is all time high....

Posted by Jerichomy > 2022-07-06 15:00 | Report Abuse

Everybody cry mother father

Posted by Ahahah > 2022-07-06 15:05 | Report Abuse

It is better to get out now. Let the commodities more stable 1st and can go in later near Q2 result.

Posted by ValueInvestor888 > 2022-07-06 15:13 | Report Abuse

oil fall to a more sustainable level is good for the industry n economy....personally i prefer oil at USD 80-90 and crack spread of USD 20. Panic sale like today is good for those with cash.

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

Ya I nibbled some today . Good opp to add

Posted by nicholas99 > 2022-07-06 15:15 | Report Abuse

but oil drop is because ppl afraid of recession.

Posted by nicholas99 > 2022-07-06 15:15 | Report Abuse

not production more and cause the price drop.

Posted by TraderAlways > 2022-07-06 15:19 | Report Abuse

if nobody buy oil means bicycle share will fly sky high.

Posted by Phoebe > 2022-07-06 15:24 | Report Abuse

@Jerichomy
OMG!!!. Those are the same wording use in Hengyuan back then and Gamuda-we. It is just like yesteryear.

It is too late to cut loss, just hold through.
I believe the Q2 2022 result will be very good, I still stand firm on this matter.

Posted by abcb > 2022-07-06 15:35 | Report Abuse

Quickly cut loss and run away
Hold cash tightly

Posted by abcb > 2022-07-06 15:37 | Report Abuse

Perfect Storm is coming soon
This time is more serious than previous year

Posted by NatsukoMishima > 2022-07-06 15:38 | Report Abuse

Hold longer loss bigger , US is going to hack the commodities price until inflation drop back to 2 % !

Posted by Phoebe > 2022-07-06 15:42 | Report Abuse

@Jerichomy, pls share more as sharing is caring.