Very good day today !! Have to thank Sifu OTB, SSlee, Probability and Zhuge Liang, for the excellent work and Faith in Heng Yuan. As mentioned, even Eps of RM1/ share is enough. Thought slow and steady enough, suddenly Limit UP !!! Incredible Velocity !!
Unbelievable !!!!!!! @ Zhuge_Liang, congratulations for your limit up wish come thru. I didn’t believe it could happen. @Probability , your in-depth knowledge, conviction and perseverance really pays off now. Based on your regular updates in this forum, I have benefited a lot from adding to my holdings considerable volume from $4.03 to $4.30 in recent weeks . As future qtrs earnings is expected to be still good , I will hold on to them to reap higher return. Thank you .
@sonyx123, the cause of the recent rise could be either on anticipation of good results for qtr ending June 22' or due to the fact that diesel shortage in EU is benefitting refineries from Asia who are able to sell at good margin and this is expected to be a prolonged phenomenon potentially worsened further when sanction is in full force by Dec 22'.
I believe the latter is the actual reason.
820,000 bpd diesel is imported by EU from Russian despite US exporting as much as possible to EU. Its difficult to fill this gap unless 2 million barrels per day refinery capacity comes up outside Russia.
Bear in mind that EU will also likely not import refined oil from countries that buy russian oil, as it effectively means they are still supporting russian oil business.
India had been systematically reducing russian oil intake recently.
That day he just wrote article said lucky he sold all before the crack spread started to fall. I believe this week, he will write a new article mention that He’s ady inside HY.
Quarterly report ending 30 June is due to be released latest at the end of this month when the grace period of reporting is 2 months. During this 2nd quarter, the oil price was very high and there must be very big profit as expected. Whenever the huge profit report can not be contained anymore but being prepared to be disclosed to the SC, the "limit up" is understandable. Btw, the NTA is RM6.62 since the last QR.
All US oil and gas stocks and also refinery stocks move up north strongly today. Hope to see a limit up again on Hengyuan and hopefully on Petronm too.
Hello guys. Today the Jackson hole symposium starts. Fed may increase rate hikes to tame the inflation thus slowing down the economy. Oil utilisation will be affected. No justification if oil above USD100 only. It should reach USD120 to justify the rally....
Yesterday HY mother saw LU at 30% up.............but the best award should go to C24......up from 7c to touch 20c and closed at 19c, a remarkable 171% gain !!!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Hwai Hooi
2,249 posts
Posted by Hwai Hooi > 2022-08-23 17:03 | Report Abuse
tomorrow jump up?