Posted by Sslee > 2022-08-27 18:26 | Report Abuse

Each barrel of crude oil is refine breakdown into 3 major component product, with largest component is diesel, second is RON gasoline and lastly refine jet fuel

1. Gasoil/diesel crack spread chart (historical highest level range)
https://www.tradingview.com/symbols/NYMEX-GOC1%21/

2. Gasoline/petrol RON 92 crack spread spread chart (normalize level range)
https://www.tradingview.com/symbols/NYMEX-D1N1%21/

3. Kerosene/ jet fuel crack spread (at historical highest range level)
https://www.tradingview.com/symbols/NYMEX-ASD2!/

Posted by Sslee > 2022-08-27 19:47 | Report Abuse

Aiyoyo MM how many companies listed in Bursa can make a gross profit per quarter of
USD 100 million, 150 million, 200 million and 250 million?

Aiyoyo MM a simple question below also cannot answer:
By the way please just calculate HRC per quarter refining capacity 10+ million barrels.

So what are the refining margin/ cracks spread needed in order to acheive a gross profit of USD 100 million, 150 million, 200 million and 250 million?

Posted by Everest > 2022-08-27 20:20 | Report Abuse

l believe the profit here will be lease on par with petron ,since calculation use are the same and there are are no varies so far, thus estimate for HY chun chun too, ready with deep pockets on monday, pocket as desire

Posted by Sslee > 2022-08-27 20:55 | Report Abuse

HRC is pure refinery play with more than double the Petronm refinery capacity.

Pertronm refinery is original design to feed on Tapis crude (low sulfur) and last year only add in addition HDT unit to enable to feed on mixed crude of higher sulfur content.

HRC refinery plant is a complex refinery. The main operating units comprise two crude distillers, a long residue catalytic cracker unit (LRCCU), two naphtha treaters and a Merox plant, one reformer, a gasoil treatment plant and an E5G unit for Euro 5 fuel specification for
diesel. These assets are well maintained with a strong focus on asset integrity and reliability. Two new units to produce Euro 4M fuel
specification for petrol and to produce hydrogen are under construction and on track for completion in 2022.


HRC refinery can run on normal standard high sulfur crude.

I expect HRC Q2 EPS should be more than RM 1+

Posted by Everest > 2022-08-27 22:02 | Report Abuse

quite a number had doubts on the estjmated HY eps simply cant accept it with the falling crack thing.. anyway both calculation uses the same crack thus chun for petron should be chun too for HR

Posted by Jerichomy > 2022-08-27 22:10 |

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Posted by Jerichomy > 2022-08-27 22:12 |

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Posted by Jerichomy > 2022-08-27 22:12 |

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Posted by Jerichomy > 2022-08-27 22:12 | Report Abuse

Ays 40 cents and hiap teck 28 cents

Posted by Zhuge_Liang > 2022-08-27 22:54 |

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Posted by Jerichomy > 2022-08-27 22:58 |

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Posted by niktraderinvestor > 2022-08-27 23:04 |

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Posted by Jerichomy > 2022-08-27 23:43 |

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Posted by Jerichomy > 2022-08-28 00:44 |

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Posted by Sslee > 2022-08-28 07:37 | Report Abuse

Any big refnery outage will result in crude built up and refine products draw down. This will result in price of crude dropping but price of refine products going up.

Posted by BobAxelrod > 2022-08-28 08:35 |

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Posted by BobAxelrod > 2022-08-28 08:48 |

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Posted by Mikecyc > 2022-08-28 09:00 |

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Posted by Mikecyc > 2022-08-28 09:08 |

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Posted by Johnzhang > 2022-08-28 09:15 | Report Abuse

Our pump prices for petrol 95 and diesel are stable because our beloved government pay for the difference between domestic and international price . Look into the pricing mechanism to understand it.
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The government has reiterated that the country’s fuel subsidy bill for 2022 is projected to rise to about RM30 billion, based on global oil prices being what they are at present. In May, that projection for 2022 was placed at RM28 billion, but this was then revised to RM30 billion earlier this month.

Economy minister Datuk Seri Mustapa Mohamed said this would be 170% higher than the RM11 billion spent on fuel subsidies last year. He said that the year-to-date Brent crude oil price currently stands at around US$106 per barrel, a discrepancy of US$40 against the federal Budget 2022’s assumption that the average crude oil price would be priced at US$66 per barrel.

Posted by Johnzhang > 2022-08-28 09:32 | Report Abuse

Fuel pricing mechanism in Malaysia.

Price of MOPS + Operation Cost + Profit Margin for Oil Companies + Profit Margin of Petrol Dealers + Alpha = actual cost of petrol at petrol station level .

The government Sales Tax policy and Subsidy finally determine the pump /retail price paid by consumers .

MOPS – Which also stands for Means of Platts Singapore, is a calculation done by a company in Singapore called Platts. They provide different kinds of complex calculations and one of them is the price of refined oil.

A buyer of a finished (refined) oil product will refer to the MOPS index as a better indicator/benchmark of world prices rather than crude oil prices. The MOPS price typically has a premium over the crude oil prices. This is why the Malaysian government uses MOPS to determine fuel prices rather than NYMEX crude oil prices.

Operation Cost – Multiple different costs (including transportation and marketing) which is a pre-set amount by the government at 9.54 cent per litre (Peninsular Malaysia), 8.98 cent per litre (Sabah), and 8.13 cent per litre (Sarawak).

Profit Margin for Oil Companies – This is when the Oil companies make money. Pre-set by the government at 5 cent per litre (petrol) and 2.25 cent per litre (diesel).

Profit Margin for Petrol Dealers – The petrol stations make more money per litre of fuel. Pre-set by the government at 12.19 cent per litre (petrol) and 7 cent per litre (diesel).

Alpha – The difference between the MOPS price and the actual price that is transacted between oil companies and refineries. This is set at 5 cents per litre (petrol) and 4 cent per litre (diesel).

Next comes sales tax and subsidies by the government. According to the Sales Tax Act 1972, the Malaysian government can collect a maximum sales tax of 58.62 cent per litre for petrol and 19.64 cent per litre for diesel. This takes place when the real price of petrol and diesel at the stations are lower than the fixed retail price. Then, the government can either take profit from this or revise the fuel price to be lower to remove the difference in price so that the savings can be for the people.

Apart from that, if the fixed retail price of the fuel is lower than the actual cost of the petrol and diesel at the pumps, the government can pay a subsidy of the same range.

Posted by Johnzhang > 2022-08-28 09:49 | Report Abuse

I think most people trust what you said because it is simple enough to understand. However, many said the opposite is to achieve a purpose and God knows the purpose.
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Posted by probability > 19 minutes ago | Report Abuse

Considering such a tight situation in global refining capacity, with all the above risk potential of further exacerbation.....and long term visibility of Diesel shortage

HY price will shoot up anytime

Its ticking time bomb - trust me on this

Posted by BLee > 2022-08-28 10:02 | Report Abuse

@probability: Fire at Biggest US Midwest Refinery Threatens Fuel Supplies

BLee: The Refinery is Big, how big is the fire? The fire occurred in the power house…which has very little combustible materials. Fire protection at Power House is usually well designed and cables can withstand 3 hours of burning as per IEC331/API/NEMA for critical installation. The Electrical outage can be recovered quickly if the system is well designed. How will it impact a faraway region? Hope the fire incident will be well mitigated.
Happy Trading and TradeAtYourOwnRisk

Posted by BobAxelrod > 2022-08-28 10:10 |

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Posted by BobAxelrod > 2022-08-28 10:26 |

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Posted by Jerichomy > 2022-08-28 10:39 |

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Posted by Mikecyc > 2022-08-28 10:57 |

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Posted by Mikecyc > 2022-08-28 11:16 | Report Abuse

Petronm Yearly ROE :

2015 : Q1- 7.0 % , Q2 - 8.2 % , Q3 - 7.7 % , Q4 - 1.7 %

2016 : Q1 - 1.7 % , Q2 - 6.1 % , Q3 - 4.4 % , Q4 - 9.7 %

2017 : Q1 - 8.5 % , Q2 - 7.0 % , Q3 - 7.5 % , Q4 - 6.6 %


2021 : Q1 - 5.6 % , Q2 - 2.2 % , Q3 - 1.7 % , Q4 - 3.1 %

2022 : Q1 - 5.1 % , Q2 - 8.3 % , Q3 - ???

Posted by Mikecyc > 2022-08-28 11:21 |

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Posted by stockraider > 2022-08-28 11:38 | Report Abuse

As i say...whatever good temp prospect... Hengyuan enjoy now loh......it will never share with u loh!

Be prepare to sell & switch to Petron to offer better protection to your investment loh!

Posted by Mikecyc > 2022-08-28 11:55 |

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Posted by stockraider > 2022-08-28 11:57 | Report Abuse

Kon Mike should jump into river klang to cool down & wake up mah!
And stop dreaming to be a famous actor loh!

Let be serious....we are talking about serious business of investment mah!

Posted by Mikecyc > 2022-08-28 11:57 |

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Posted by Mikecyc > 2022-08-28 12:00 |

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Posted by stockraider > 2022-08-28 12:02 | Report Abuse

The facts is Petron has better corporate governance & pays good dividend mah!
Also substantial part of Petron business is Petrol station beside refinery which is similar to Petdag that command a better valuation PE exceeding 20x mah!

Lu tau boh ?

Posted by Mikecyc > 36 seconds ago | Report Abuse

Haha kon stockraider .. both counter Price is from Peak Point 1 Sliding …

Why choose only Petronm … any facts n figures .. dont be like in Netx .. a Sida is blowing …

Posted by Mikecyc > 2022-08-28 12:13 |

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Posted by stockraider > 2022-08-28 12:15 | Report Abuse

Do not be silly lah!
HRC june result not out mah!

Lu tau boh ?

Posted by Mikecyc > 54 seconds ago | Report Abuse

Haha Petronm PE is 3.8 … HRC PE is 14.07 ….

Posted by Mikecyc > 2022-08-28 12:30 |

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Posted by Mikecyc > 2022-08-28 12:32 |

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Posted by Mikecyc > 2022-08-28 12:35 |

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Posted by stockraider > 2022-08-28 12:52 | Report Abuse

Lu tau boh ??

Capitalise on Petron....do not go for konman hengyuan stock loh!

Bcos they will kon u mah!

Posted by Jerichomy > 2022-08-28 13:03 |

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Posted by Jerichomy > 2022-08-28 13:04 |

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Posted by IndianG369 > 2022-08-28 13:07 | Report Abuse

If you are brave , please come out. We will break your leg or make you eat shit.Be careful coward Jerichomy.

Posted by Jerichomy > 2022-08-28 13:11 |

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