Posted by Ahahah > 2022-08-29 21:22 | Report Abuse

@Boomberg, where do you get the result?

Posted by GrowthCapitalist > 2022-08-29 22:19 | Report Abuse

John what food stock are you holding?

Posted by hng33 > 2022-08-29 22:23 | Report Abuse

the incident had affected the supply of gasoline, diesel, and jet fuel across the four states, which prompted the emergency declaration. The four states get a quarter of their fuel supply from the Whiting refinery.

Posted by hng33 > 2022-08-29 22:25 | Report Abuse

The federal government declared a regional emergency in the states of Illinois, Michigan, Indiana, and Wisconsin following a fire that broke out at a BP-owned refinery in Whiting, Indiana

What will likely crack spread for gasoline, diessel and jet fuel tomorrow!?

But, what confirm winner is - - - >hengyuan

Posted by eagerinvestor > 2022-08-29 22:54 | Report Abuse

https://oilprice.com/Latest-Energy-News/World-News/Baghdad-In-Crisis-As-Protesters-Storm-Presidential-Palace.html

Posted by kl_guy > 2022-08-29 22:55 | Report Abuse

wti and brent up USD 3.00 ....chk oilprice.com

Posted by hng33 > 2022-08-29 22:56 | Report Abuse

Coming Wednesday, RON 97 is expect to hike again

Posted by harold8990 > 2022-08-30 01:37 | Report Abuse

congrats to all holders.

Posted by donnybelowski > 2022-08-30 01:45 | Report Abuse

Hengyuan is otb and kyy main stock. Buy.

Posted by 888STOCK888 > 2022-08-30 03:18 | Report Abuse

Brent oil price hit $105!!!!

https://oilprice.com/Energy/Crude-Oil/Oil-Prices-Hit-104-On-New-Supply-Scare.html

https://investingmalaysia.com/brent-crack-spread/


SIALANG HENGYUAN & Petronm!!!! =D

Mother shares will shoot to 18.88 soon!!! =D

When Hengyuan hit 18.00 back in 2017/2018...the oil price was only $60pb and crack spread about $8.00...

So the current oil price is sibeh good enough to push the price higher....

THE COMING YEARSSSSSS PROFIT ARE SIBEHHHHHHHHHHHHH AWESOME!!!!!

Syndicates are in for BIG BIG GAIN.... show time!!! =D

Heng~

Ong~

Huatt ah~ =D

Posted by Mikecyc > 2022-08-30 03:34 |

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Posted by bullmarket1628 > 2022-08-30 06:49 |

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Posted by Sslee > 2022-08-30 07:27 | Report Abuse

Petronm and HRC refinery make money from the refining margin (diesel, mogas, jet fuel ,LPG , naphtha, and Residue /fuel oil price different against the feed crude)

In fact HRC and Petronm need to hedge on their crude to prevent inventories loss/gain when crude price sudden U turn .

Higher crude also cost them in higer working capital. (High inventories)

It is good for refinery if crude cost can be lower but cracks spread remain at high double digit figure.

Posted by Mikecyc > 2022-08-30 07:36 |

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Posted by Mikecyc > 2022-08-30 07:44 |

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Posted by Mikecyc > 2022-08-30 07:49 |

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Posted by Mikecyc > 2022-08-30 07:52 |

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Posted by Mikecyc > 2022-08-30 07:55 |

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Posted by Sslee > 2022-08-30 07:58 | Report Abuse

Petronm management trying very hard to explained in the AGM whatever commodity hedging loss/gain will be cancel each either with physical revenue or purchase increase/reduce. If this is true then this provision of hedging/derivatives loss of RM166.8 million will be fully written back in Q3.

Or in other word Petronm Q2 profit before tax should be RM (240,671,000 + 166,799,000)

Rabbit2
@Sslee
Agreed that derivative losses will be reversed but it's not a provision. It is merely a marked to market losses as at end June to reflect the current contract price in the market. This will eventually be reversed and replaced with actual periodical settlement.

If HRC and Petron consistently apply its hedging strategy and based on today's 29 August cut off, most losses will be reversed and likely there is a marked to market gain by now.

Accounting standards are trying hard to force all companies to reflect their numbers based on current fair values but it comes with unintended consequences in particular to those companies that are entering derivatives for hedging purposes.

If both HRC and Petron apply new hedge accounting rules under MFRS 9, these marked to market losses/gains could possibly be reflected under other comprehensive income instead of profit or loss.

That's my thought

Posted by Mikecyc > 2022-08-30 08:04 |

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Posted by donnybelowski > 2022-08-30 08:41 | Report Abuse

Buy. This is the main otbkyy stock. Uncle is buying. Buy.

Posted by Sslee > 2022-08-30 08:48 | Report Abuse

Rabbit2 @Probability
Yes. There are many ways. You have the choice of either applying mfrs 139 (old) or mfrs 9 (new but irrevocable) hedge accounting. Or for simplicity doing natural hedge and ignore about the accounting impact.
29/08/2022 11:05 PM

TQVM Mike and Rabbits2 for confirmation that Petronm Q2 profit before tax should be RM (240,671,000 + 166,799,000)

The unrealized loss (RM166,799,000) on derivatives can be taken out from P&L and reflected under Other comprehensive income/(expense):Items that will be reclassified to profit or loss:

I will top up my Petronm today. Mike should I sell Insas to top up Petrronm?

Posted by Mikecyc > 2022-08-30 08:48 |

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Posted by Mikecyc > 2022-08-30 08:49 |

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Posted by Mikecyc > 2022-08-30 08:50 | Report Abuse

As i hv not research on that figure yet …

Posted by Mikecyc > 2022-08-30 08:53 |

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Posted by Mikecyc > 2022-08-30 08:56 |

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Posted by Mikecyc > 2022-08-30 08:58 |

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Posted by James_Bond > 2022-08-30 09:09 | Report Abuse

Expecting Bloodbath after Malaysia independent day… good luck!

Posted by donnybelowski > 2022-08-30 09:21 | Report Abuse

If u do not understand the complicated story from sslee and probability, just follow otbkyy. They have done good job analyzing the stock. Uncle is buying. Buy.

Posted by Mikecyc > 2022-08-30 09:22 |

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Posted by kl_guy > 2022-08-30 09:36 | Report Abuse

opec+ going to cut output. Look like oil price going to increase more.
Brent usd 104.5 WTI usd 96.68

Posted by goody99 > 2022-08-30 09:51 | Report Abuse

Hengyuan was up a lot last week before QR
Expectation is very high
Share price is not as strong as a few years ago
I suspect the funds that push its share price last week would sell on news after QR

Posted by Mikecyc > 2022-08-30 09:57 |

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Posted by tehka > 2022-08-30 10:01 | Report Abuse

Qr result release after 5pm today?

Posted by BobAxelrod > 2022-08-30 10:04 | Report Abuse

Already seeing QR in past few days trading.......

Posted by Primeinvestor > 2022-08-30 10:05 | Report Abuse

alot are waiting to sell, so sell now! and buy from them tomorrow

cause q3 spread lower than q2, people panic, but they didnt know hedging gains are coming in for q3 and q4

Posted by Eldon > 2022-08-30 10:07 | Report Abuse

Omg…become red…why? Poor QR coming?

Posted by cedcan > 2022-08-30 10:08 | Report Abuse

Wtf, all of the sudden its Red!?!

Posted by $$ BUYSELL $$ > 2022-08-30 10:52 | Report Abuse

look like is coming

Posted by $$ BUYSELL $$ > 2022-08-30 10:53 | Report Abuse

coming

Posted by Ahahah > 2022-08-30 10:54 | Report Abuse

So many people start to dispose off. Anyone know the result?

Posted by ty Y > 2022-08-30 10:56 | Report Abuse

Seeing that a lot of subscribers and readers here are stuck at high stock prices like hiaptek, Ays, MSc (miss universe) and some planting stocks, etc., and now what you see is Hengyuan. otb has taken you to hell. kyy said some important points this time, sense of responsibility! At least he still has a little conscience. These stocks are recommended to you by otb. But just when the price is high. Good luck to u all ,don’t wait target price of $ 19.20 ,he con u only .

Posted by BobAxelrod > 2022-08-30 11:05 |

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Posted by Ayoyo > 2022-08-30 11:14 | Report Abuse

petron's result considered excellent? Yet, price hardly move much.....how much profit would be needed to move HY? interesting indeed.......but, the catalyst is solid......strong spreads amidst tight supplies...unless russian sanctions are lifted, the oil companies should continue to reap good profits

Posted by stockraider > 2022-08-30 11:29 | Report Abuse

Future crack spread price not that good mah!

Posted by OTB > 2022-08-30 11:34 |

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Posted by lee77 > 2022-08-30 11:37 | Report Abuse

game over????

Posted by OTB > 2022-08-30 11:39 |

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Posted by sharemarket21 > 2022-08-30 11:40 | Report Abuse

Overall Bursa value is crucial to see through the momentum but unfortunately it did not sustain above 2B. The stock volume is decreasing too. Buy prior to the news excitement and SELL before announcement made regardless the results outcome will never go wrong. The Jackpot was created for those who bought far below 5. And those who stranded much higher should have taken the great opportunity to liquidate much earlier. Anyone who are still keen to buy should wait after the final announcement. All is done deal even though it can be super fantastic numbers. Market is softening yet again.