Posted by beinvested > 2022-08-31 18:17 | Report Abuse

1 Kings 1
New International Version

>>Prophet Nathan asked/advised Bathsheba, Solomon’s mother to approach King David, so that Solomon will inherit the throne.
1. When King David was very old, he could not keep warm even when they put covers over him.

But Adonijah, the son of Haggith, another wife of King David, had declared himself the king without the knowledge of his father/King David. But Solomon was chosen by his father over the other sons.

Inside 1 King 2.13 - Adonijah talked to Bathsheba (Solomon's mother).

And saying that he should be given Abishaq as his wife.
17. So he continued, “Please ask King Solomon—he will not refuse you—to give me Abishag the Shunammite as my wife.”
SO auntie Bathsheba really went to talk to King Solomon, by saying that the half brother wanted Abishaq
20 “I have one small request to make of you,” she said. “Do not refuse me.”

The king replied, “Make it, my mother; I will not refuse you.”

21 So she said, “Let Abishag the Shunammite be given in marriage to your brother Adonijah.”

22 King Solomon answered his mother, “Why do you request Abishag the Shunammite for Adonijah? You might as well request the kingdom for him—after all, he is my older brother—yes, for him and for Abiathar the priest and Joab son of Zeruiah!”

23 Then King Solomon swore by the Lord: “May God deal with me, be it ever so severely, if Adonijah does not pay with his life for this request! 24 And now, as surely as the Lord lives—he who has established me securely on the throne of my father David and has founded a dynasty for me as he promised—Adonijah shall be put to death today!” 25 So King Solomon gave orders to Benaiah son of Jehoiada, and he struck down Adonijah and he died.

SEE that in the past, the decree from the King is the criminal will be executed on the same day without any delay using "buying time" , pretend don't know, tak mengaku

Posted by Jerichomy > 2022-08-31 18:18 |

Post removed.Why?

Posted by Jerichomy > 2022-08-31 18:19 |

Post removed.Why?

Posted by Jerichomy > 2022-08-31 18:20 | Report Abuse

Long Live KYY

Posted by Tantoro > 2022-08-31 18:25 | Report Abuse

Sharewire Yes flood this forum too


probability HY does hedging on the crack and also on the inventory.

If the hedging is done on inventory, you can see hng33's explanation.

If the hedging was done on margin, you can see my explanation. It can be purely gasoline or any combination of the refined products. But, gasoline fits the changes best for ease of explanation here.

Its most likely combination of both inventory and crack / margin.


Posted by hng33 > Aug 31, 2022 11:43 AM | Report Abuse

Based on Q2 revenues and cost, hengyuan realize crack spread around USD 28, which in accord to average crack spread range from Mar to May crack for gasoline+ diesel + jet fuel. Hengyuan realize pretax profit RM 900m.

The next Q3 result comprises of crack spread june to Aug, average crack spread for gasoline + diesel + jet fuel is around USD38. Therefore, it can extimate than hengyuan upcoming Q3 pretax profit is RM 1.2 billion. EPS = RM 3

The hedging position will revert back from loss to gain as crude oil, feedstock cost, fallen from USD 135 in Q2 to USD 105 in Q3. Hengyuan NTA will booster significantly from RM 5.2 to + RM 3( from reversal hedging) + Q3 EPS RM 3 - - - - > total NTA for hengyuan RM 11


Posted by probability > Aug 31, 2022 9:16 AM | Report Abuse X

The most likely commodity hedging that caused the unrealized derivative loss is the Gasoline.

Note that the crack spread of gasoline jumped from 10 USD/brl to 32 USD/brl from Q4 21 by end of Q2 22

Say they hedged 10 million barrels 'gasoline - brent' crack by end of 2021 (considering the intent to secure relatively good margin in Q4 21' compared to avg of only 7 USD/brl last few years).

They would have bought brent crude at 100 USD and sold gasoline at 110 USD/brl in futures market with maturity of 2 years (end of 2023).

The above means they have a margin swap hedging contract valued at 10 million barrels x 10 USD/brl = USD 100 million expiring by Dec 2023.

Now by end of Q2 , the gasoline margin had expanded to 32 USD/brl.

They would need to mark to market the hedging contract status by end of Q2

This means they will report an unrealized hedging loss of 10 million x 22 USD/brl (crack expansion from their hedging to 32 from 10), which equal 220 million USD.

Now by end of Q3, if the present crack maintains for gasoline, the crack would drop back to 10 USD/brl resulting with zero hedging loss.

They can choose to realize the hedging by this qtr without affecting the P&L at all or they can do it when another opportunity arise before end of 2023 (but they must realize before the maturity).
31/08/2022 3:00 PM
31/08/2022 4:47 PM

Sharewire Petronm suffer 300++ hedging loss but not shiphoned money to Philippines!
Hengyuan suffer hedging loss but shiphoned to china
"CLAIM STOCK RAIDER"
Stock raider own petronm but didn't own hengyuan.
So his verdict is Fake
31/08/2022 4:48 PM

Sharewire Pay thru the nose tax 230million ! What a fool
If I the MD I pay rm1 ringgit for tax!
I divert the dividends 30million into mine pocket.
I hire qqq333 and stock raider as my advisor.
And not forgotten moneymaker
2 hours ago

Posted by Sharewire > 2022-08-31 18:38 | Report Abuse

probability HY does hedging on the crack and also on the inventory.

If the hedging is done on inventory, you can see hng33's explanation.

If the hedging was done on margin, you can see my explanation. It can be purely gasoline or any combination of the refined products. But, gasoline fits the changes best for ease of explanation here.

Its most likely combination of both inventory and crack / margin.


Posted by hng33 > Aug 31, 2022 11:43 AM | Report Abuse

Based on Q2 revenues and cost, hengyuan realize crack spread around USD 28, which in accord to average crack spread range from Mar to May crack for gasoline+ diesel + jet fuel. Hengyuan realize pretax profit RM 900m.

The next Q3 result comprises of crack spread june to Aug, average crack spread for gasoline + diesel + jet fuel is around USD38. Therefore, it can extimate than hengyuan upcoming Q3 pretax profit is RM 1.2 billion. EPS = RM 3

The hedging position will revert back from loss to gain as crude oil, feedstock cost, fallen from USD 135 in Q2 to USD 105 in Q3. Hengyuan NTA will booster significantly from RM 5.2 to + RM 3( from reversal hedging) + Q3 EPS RM 3 - - - - > total NTA for hengyuan RM 11


Posted by probability > Aug 31, 2022 9:16 AM | Report Abuse X

The most likely commodity hedging that caused the unrealized derivative loss is the Gasoline.

Note that the crack spread of gasoline jumped from 10 USD/brl to 32 USD/brl from Q4 21 by end of Q2 22

Say they hedged 10 million barrels 'gasoline - brent' crack by end of 2021 (considering the intent to secure relatively good margin in Q4 21' compared to avg of only 7 USD/brl last few years).

They would have bought brent crude at 100 USD and sold gasoline at 110 USD/brl in futures market with maturity of 2 years (end of 2023).

The above means they have a margin swap hedging contract valued at 10 million barrels x 10 USD/brl = USD 100 million expiring by Dec 2023.

Now by end of Q2 , the gasoline margin had expanded to 32 USD/brl.

They would need to mark to market the hedging contract status by end of Q2

This means they will report an unrealized hedging loss of 10 million x 22 USD/brl (crack expansion from their hedging to 32 from 10), which equal 220 million USD.

Now by end of Q3, if the present crack maintains for gasoline, the crack would drop back to 10 USD/brl resulting with zero hedging loss.

They can choose to realize the hedging by this qtr without affecting the P&L at all or they can do it when another opportunity arise before end of 2023 (but they must realize before the maturity).
31/08/2022 3:00 PM
31/08/2022 4:47 PM

Sharewire Petronm suffer 300++ hedging loss but not shiphoned money to Philippines!
Hengyuan suffer hedging loss but shiphoned to china
"CLAIM STOCK RAIDER"
Stock raider own petronm but didn't own hengyuan.
So his verdict is Fake
31/08/2022 4:48 PM

Sharewire Pay thru the nose tax 230million ! What a fool
If I the MD I pay rm1 ringgit for tax!
I divert the dividends 30million into mine pocket.
I hire qqq333 and stock raider as my advisor.
And not forgotten moneymaker
2 hours ago
31/08/2022 4:49 PM

Posted by beinvested > 2022-08-31 18:41 | Report Abuse

That was 3,000 years ago, Solomon the beloved son of David and Bathsheba.

The Ismaelites, Arab was travelling in the middle of the big desert. No Oman, Qatar, UAE...
The primitive Arabs moving in the dark by the help of the oil/fuel from the "no so deep" drilling
The was no Aramco and refineries...HY like nowadays.

Posted by BlessedInvestor > 2022-08-31 18:57 | Report Abuse

https://oilprice.com/Energy/Energy-General/US-Diesel-Prices-Are-Back-Above-5.html

U.S. Diesel Prices Are Back Above $5

By Tsvetana Paraskova - Aug 30, 2022, 11:00 AM CDT

Low inventories sent the national average diesel price in the United States back above $5, the first weekly price increase in more than two months.

Distillate fuel inventories in the Northeast are particularly low, with supplies of diesel fuel and heating oil in New England currently 63% below the five-year average.

There is a growing fear that an extreme weather event could significantly disrupt distillate supply in the North East.

Posted by BlessedInvestor > 2022-08-31 18:58 | Report Abuse

no easy fit to diesel shortage in next few months, at least...

Posted by Sslee > 2022-08-31 19:00 | Report Abuse

UlarSawa
Another OKU question why so high trade and other payable leh. Almost 4bil. jumped almost double leh. Wei Anyone know why so high one. Ini kena bayar one leh. Hutang lah. Correct?

Itu petrol stations belum dapat government RON 95 subsidy, maka petrol stations pun tak bayar ke HRC dan terus HRC pun tak bayar crude oil suppliers lah. Semua hutang hutang sampai receivables dan payables pun lompat lompat naik bumbung

KUALA LUMPUR (Aug 30): Petroliam Nasional Bhd (Petronas) said on Tuesday that its subsidiary Petronas Dagangan Bhd's (PetDag) recent statement on resolving the lingering effects of outstanding subsidy receivables from the government is not an empty promise.

"I can see that the situation is under control, the dialogue channels are in place and I think the assurances from the company [PetDag] about the solution that will be done in due course is not an empty promise," said Petronas president and group chief executive Datuk Tengku Muhammad Taufik.

Tengku Muhammad, who was speaking at a press conference in conjunction with the announcement of Petronas' first half results, was tight-lipped as to when the government was expected to pay the subsidy.

PetDag, in which Petronas holds a 63.92% stake, had warned of the lingering impact of outstanding subsidy claims that will affect the group's profitability and liquidity after its trade receivables rose to RM10 billion.

Posted by Ali123456 > 2022-08-31 19:12 | Report Abuse

Many sickening people just condemn and criticise without substance !

Posted by UlarSawa > 2022-08-31 19:16 |

Post removed.Why?

Posted by UlarSawa > 2022-08-31 19:16 |

Post removed.Why?

Posted by UlarSawa > 2022-08-31 19:17 | Report Abuse

Sometimes you see other no substance and other also see you no substance too. So sama sama no substance juga lah. Why so bother lah. Haiyoh. Corect?



Ali123456

Many sickening people just condemn and criticise without substance !

4 minutes ago

Posted by profit profits > 2022-08-31 19:27 | Report Abuse

MMakers, shotsell lah and do charity, let other people collect more.

Posted by Ali123456 > 2022-08-31 19:32 |

Post removed.Why?

Posted by AlsvinChangan > 2022-08-31 19:32 | Report Abuse

True and fair view

Old NTA 6.83
Profit 2.22+
Gambling Loss 3.80--
New NTA 5.25

Posted by Primeinvestor > 2022-08-31 19:33 | Report Abuse

Follow moneymakers if you wanna be poor hahaha

Posted by DonLee > 2022-08-31 19:33 | Report Abuse

that m d f KYY will soon said Hengyuan u sell u can never buy back at lower price.

someone collected enough and will come say buy hengyuan

Posted by Ali123456 > 2022-08-31 19:37 |

Post removed.Why?

Posted by Jerichomy > 2022-08-31 19:43 | Report Abuse

Long Live KYY

DonLee
that m d f KYY will soon said Hengyuan u sell u can never buy back at lower price.

someone collected enough and will come say buy hengyuan
9 minutes ago

Posted by Sslee > 2022-08-31 19:47 | Report Abuse

Ular gotone very OKU question want to ask you leh. Why HY earn 222sen in last Qtr but NTA drop more than than lat Qtr from 662 sen to 524sen.

Itu China boss ada baca MM punya comment: war over, no more war premium, crude oil and refining margin rutuh harga maka dia pun takut dan terus buat future refining margin 3 juta barrel setiap bulan untuk 15 bulan pada USD 20. Manatahu itu MM blow water saja refining margin sudah naik ke USD30 dan account boss sudah realised rugi USD 3x3x10= USD 90 juta dan unrealised rugi USD 3x12x10 = USD 360 juta.

Maka kalau unrealised loss USD 360 juta masuk P&L itu profit sudah jadi loss kurang cantik. Boss pun pandai masuk itu unrealised loss ke Balance sheet maka NTA pun jadi jatuk dari 662 sen to 524sen.

Itu semua salah MM

Posted by Jerichomy > 2022-08-31 19:52 |

Post removed.Why?

Posted by probability > 2022-08-31 19:52 | Report Abuse

LOL! what a sharp and yet comical answer..

fantastic sslee

Posted by Sslee > Aug 31, 2022 7:47 PM | Report Abuse

Ular gotone very OKU question want to ask you leh. Why HY earn 222sen in last Qtr but NTA drop more than than lat Qtr from 662 sen to 524sen.

Itu China boss ada baca MM punya comment: war over, no more war premium, crude oil and refining margin rutuh harga maka dia pun takut dan terus buat future refining margin 3 juta barrel setiap bulan untuk 15 bulan pada USD 20. Manatahu itu MM blow water saja refining margin sudah naik ke USD30 dan account boss sudah realised rugi USD 3x3x10= USD 90 juta dan unrealised rugi USD 3x12x10 = USD 360 juta.

Maka kalau unrealised loss USD 360 juta masuk P&L itu profit sudah jadi loss kurang cantik. Boss pun pandai masuk itu unrealised loss ke Balance sheet maka NTA pun jadi jatuk dari 662 sen to 524sen.

Itu semua salah MM

Posted by Sslee > 2022-08-31 19:54 | Report Abuse

PS: kalau Refining margin turun jadi USD20 seperti apa cakap oleh MM maka Q3 itu unrealised refining margin loss pun jadi kosang dan dalam Balance sheet tak ada lagi unrealised loss NTA akan naik balik.

Posted by Jerichomy > 2022-08-31 19:54 |

Post removed.Why?

Posted by Jerichomy > 2022-08-31 19:55 |

Post removed.Why?

Posted by probability > 2022-08-31 19:59 | Report Abuse

I think tomorrow when trading opens...

it is SIAPA CEPAT 'FAHAM HEDGING' DIA DAPAT - jackpot untung dari saham HY.......LOL!

Posted by UlarSawa > 2022-08-31 20:01 |

Post removed.Why?

Posted by UlarSawa > 2022-08-31 20:02 | Report Abuse

Oh like this. Hedge tu apa. Ular OKU leh. Can share share or not. Boleh?

probability

I think tomorrow when trading opens...

it is SIAPA CEPAT 'FAHAM HEDGING' DIA DAPAT - jackpot untung dari saham HY.......LOL!

2 minutes ago

Posted by probability > 2022-08-31 20:02 | Report Abuse

Yang lambat faham seperti ularsaw...mungking dapat at limit up price

Posted by Goldberg > 2022-08-31 20:03 | Report Abuse

Well said and absolutely comical .

Posted by Sslee > Aug 31, 2022 7:47 PM | Report Abuse

Ular got one very OKU question want to ask you leh. Why HY earn 222sen in last Qtr but NTA drop more than than lat Qtr from 662 sen to 524sen.

Itu China boss ada baca MM punya comment: war over, no more war premium, crude oil and refining margin rutuh harga maka dia pun takut dan terus buat future refining margin 3 juta barrel setiap bulan untuk 15 bulan pada USD 20. Manatahu itu MM blow water saja refining margin sudah naik ke USD30 dan account boss sudah realised rugi USD 3x3x10= USD 90 juta dan unrealised rugi USD 3x12x10 = USD 360 juta.

Maka kalau unrealised loss USD 360 juta masuk P&L itu profit sudah jadi loss kurang cantik. Boss pun pandai masuk itu unrealised loss ke Balance sheet maka NTA pun jadi jatuk dari 662 sen to 524sen.

Itu semua salah MM

Posted by UlarSawa > 2022-08-31 20:04 |

Post removed.Why?

Posted by s3phiroth > 2022-08-31 20:04 | Report Abuse

Limit down tomorrow!

Posted by UlarSawa > 2022-08-31 20:05 | Report Abuse

Ular takda judi pasal Ular OKU mah. Haiyoh. Correct?

probability

Yang lambat faham seperti ularsaw...mungking dapat at limit up price

1 minute ago

Posted by probability > 2022-08-31 20:07 | Report Abuse

collect at 6.95 also not bad....still got good chance to make money... got 300% return potential when it hits 2017 peak price

Posted by UlarSawa > 2022-08-31 20:07 | Report Abuse

Insider kasi punya data or sendiri tikam tikam punya data. Ini very important leh. Haiyoh. Correct?

Posted by UlarSawa > 2022-08-31 20:08 | Report Abuse

Dont promise if you kenot make it happen leh. Nanti orang cakap you very not telus leh. Haiyoh. Correct?

probability

collect at 6.95 also not bad....still got good chance to make money... got 300% return potential when it hits 2017 peak price

10 seconds ago

Posted by tehka > 2022-08-31 20:08 | Report Abuse

Haiyah, Why Ah John go attack Bunga Raya forum, now attact a snake come back to Hengyuan?

Posted by probability > 2022-08-31 20:09 | Report Abuse

i guarantee anyone who bought at 6.95 tomorrow, in 3 months time will make fantastic profit....

Posted by UlarSawa > 2022-08-31 20:10 | Report Abuse

Wow so limit up limit up promised then can get then you are happy lah. If limited up then also not bad lah. Jangan kejar lah. Let other kejar you rileks minum kopi lah. Haiyoh. Correct?

Posted by probability > 2022-08-31 20:10 | Report Abuse

snake at least got some substance..that MM and Jerichomy is space junk

Posted by UlarSawa > 2022-08-31 20:11 | Report Abuse

Not really true lah. Ular pun takda promote Bungaraya leh. You mana satu eye cakap Ular is Bungaraya promoter. Ular come here lepak leh. Haiyoh. Correct?


tehka

Haiyah, Why Ah John go attack Bunga Raya forum, now attact a snake come back to Hengyuan?

1 minute ago

Posted by huhaha > 2022-08-31 20:12 | Report Abuse

tomorrow open price at RM6 above, believe or not... kyy also cant predict correct, are you better than kyy??

Posted by Sslee > 2022-08-31 20:15 | Report Abuse

UlarSawa,
Itu HRC jiwa Malaysia nak kasi income tax lebih ke kerajaan Malaysia.

Itu Petrom cari jalan bayar sikit income tax maka dia buat unrealised derivatives loss masuk P&L. Itu profit before tax sudah turun maka tax pun turun.

Tapi dia pandai masuk balik/add back unrealised derivatives loss ke cash flow make operation cash flow dia sudah banyak.

Posted by UlarSawa > 2022-08-31 20:16 | Report Abuse

One thing Uncle Koon cakap HY income very irratic. Look at the past records pun very true mah. You cakap lah. Not like this meh. Haiyoh. Correct?

huhaha

tomorrow open price at RM6 above, believe or not... kyy also cant predict correct, are you better than kyy??

2 minutes ago

Posted by tehka > 2022-08-31 20:16 | Report Abuse

Hahaha. Anyway got ular this forum more meriah loh. Anyway result is good or bad we let the market to answer the question loh.

Posted by tehka > 2022-08-31 20:17 | Report Abuse

Uncle kyy cakap Henyuan result very erotic

Posted by UlarSawa > 2022-08-31 20:18 |

Post removed.Why?

Posted by UlarSawa > 2022-08-31 20:19 | Report Abuse

Mana ada. Ular Koon takda cakap ini macam leh. Haiyoh. Correct?

tehka

Uncle kyy cakap Henyuan result very erotic

45 seconds ago