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

Itu MM promote Bungaraya paling kuat, tiap pagi malam teriak limit up limit up

Posted by UlarSawa > 2022-08-31 20:21 |

Post removed.Why?

Posted by UlarSawa > 2022-08-31 20:22 |

Post removed.Why?

Posted by Goldberg > 2022-08-31 20:25 | Report Abuse

Fully agree with you prob.- we have a classy ular with substance & intelligence.

Posted by probability > Aug 31, 2022 8:10 PM | Report Abuse

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

Posted by MoneyMakers > 2022-08-31 20:25 | Report Abuse

Aiyaa ownself queue buy rm6/6.95 better lo..such good deal

Sure got many willing seller kikiki

Posted by Sslee > 2022-08-31 20:28 | Report Abuse

Itu nasib MM saja saja naysayer. Besok kita sama sama sokong Hengyuan limit up, Henyuan limt up Henyuan limit upupupupupupup

Posted by Jerichomy > 2022-08-31 20:43 |

Post removed.Why?

Posted by UlarSawa > 2022-08-31 20:44 | Report Abuse

So rumour cakap Buffolo unloaded BYD is true kah. No wonder lah. Saham keep turun lah. Haiyoh. Correct?



qqq3333

BYD Sinks as Buffett’s Stake Sale Fuels Fears of More to Come.......................................................

when things look good, they sell........................... thats the way they do it.

3 minutes ago

Posted by Amoneymous > 2022-08-31 20:45 | Report Abuse

Run... Is end of the world.

Posted by MoneyMakers > 12 minutes ago | Report Abuse

Oil price crazy drop (WTI below usd90 again) + bad QR (record comprehensive loss -400Mil) = limit down also possible tomorrow

Posted by UlarSawa > 2022-08-31 20:45 | Report Abuse

Very logic also lah. Provided negative rm2 is true lah. Correct?

qqq3333

ayoh yo..................HY eps $ 2 .....don't sell, wait for what? wait for EPS negative $2 meh?

3 minutes ago

Posted by investor77 > 2022-08-31 20:49 | Report Abuse

The loss in NTA is due to Allocation for hedging loss and is not Realized during the 2 nd Quarter 22. It is just like you buy Glove shares at RM 4, and it fell to RM 2, but you have not sold it, it is just paper loss !! The price may recover, and when you sell it, then only actual gain or loss. The Hedging loss allocation is till 2024 according to report. Since allocation for loss in Balance Sheet, thus NTA is down by the Hedging loss. Recently Thai Oil released their Q2 report, and said prospects for Diesel is still very good with good Crack Spread. So all is still well with HYuan and Q3 will still be good.

Posted by stockwin > 2022-08-31 20:51 | Report Abuse

HY is a polished diamond and yet some think its only an ordinary stone?

Posted by firehawk > 2022-08-31 20:51 | Report Abuse

Posted by probability > 2 hours ago | Report Abuse
@firehawk, when you hedge its about protecting yourself from future transaction that will take place, not what had already happened (like the inventory you already purchase).
extract from above provided link:
~~~~~~~~~~~~~~~~~~
thks, seemed is much complicated than the example you gave earlier .......
btw, i do not mean what had already happened (like the inventory you already purchase),the hedge to be done, of cause, should be simultaneously!

Posted by Sharewire > 2022-08-31 20:56 | Report Abuse

Now hedging losses turn into GAINS
As oil price ,crack spread drop from 30++
Huge gain .Qtr3 will turn profit sky high !!

Posted by Goldberg > 2022-08-31 20:57 | Report Abuse

@ investor77- Very clear explanation for all to understand.

The loss in NTA is due to Allocation for hedging loss and is not Realized during the 2 nd Quarter 22. It is just like you buy Glove shares at RM 4, and it fell to RM 2, but you have not sold it, it is just paper loss !! The price may recover, and when you sell it, then only actual gain or loss. The Hedging loss allocation is till 2024 according to report. Since allocation for loss in Balance Sheet, thus NTA is down by the Hedging loss. Recently Thai Oil released their Q2 report, and said prospects for Diesel is still very good with good Crack Spread. So all is still well with HYuan and Q3 will still be good.

Posted by Sharewire > 2022-08-31 20:57 | Report Abuse

The different is huge
Brent 130 to 100
Crack spread 30++ to 10

Posted by Sharewire > 2022-08-31 20:59 | Report Abuse

Qtr3 is explosive dynamite profit!!!

Posted by Sharewire > 2022-08-31 21:01 | Report Abuse

They don't expect crack spread reach 30++,Brent 130+
Like petronm also hit by hedging losses
But everything turn into GAINS.

Posted by Sharewire > 2022-08-31 21:05 | Report Abuse

Before crack spread drop from 30++,hengyuan management already hedge at 30++.
Any crack spread drop like now 10,everything turn into gold!

Posted by Sharewire > 2022-08-31 21:06 | Report Abuse

Qtr3 is explosive dynamite crazy EXTRA profit !

Posted by Sharewire > 2022-08-31 21:08 | Report Abuse

Hengyuan already hedging for 2 year at 30++
Explosive dynamite profit for 2 years!!!!!!!!!!

Posted by Sharewire > 2022-08-31 21:09 | Report Abuse

Hengyuan should reach rm100
Due to persistent crazy hedging Gain

Posted by Sharewire > 2022-08-31 21:11 | Report Abuse

Even crack spread drop to 1
Hengyuan will enjoy crazy profit

Posted by Sharewire > 2022-08-31 21:13 | Report Abuse

hengyuan management got great chance to hedge at 30++.One in the life time opportunity to hedge at 30!!!

Posted by Sharewire > 2022-08-31 21:15 | Report Abuse

For 2 future contract hedge at 30++
Greatest highest eps company in history of bursa

Posted by Sharewire > 2022-08-31 21:15 | Report Abuse

It like you hit magnum life for 2 year!!!!

Posted by Sharewire > 2022-08-31 21:16 | Report Abuse

Everyday is money masuk pocket due to hedging gains

Posted by Sharewire > 2022-08-31 21:18 | Report Abuse

Crack spread drop till minus
Wow lagi bagus.More hedging gains masuk pocket.
Future contract hedge at 30.
Apalagi u mahu?

Posted by Sharewire > 2022-08-31 21:20 | Report Abuse

Hengyuan should reach rm100
Due to persistent crazy hedging Gain

Posted by Sharewire > 2022-08-31 21:22 | Report Abuse

Hedging is not 1 way only!!!!!!
Warning persistent crazy hedging Gain for 2 year

Posted by MoneyMakers > 2022-08-31 21:23 | Report Abuse

Aiyaa then why got 2 QR loss in 2021 leh

Dont BS soo much leh

Posted by Sharewire > 2022-08-31 21:24 | Report Abuse

The world work by 2 way
Not 1 way or jalan mati

Posted by Sharewire > 2022-08-31 21:25 | Report Abuse

I believe you don't understand hedging is all about!

Posted by Sharewire > 2022-08-31 21:27 | Report Abuse

Like share market you sell by idss or go long
2 way !
Hedging also 2 way !

Posted by Sharewire > 2022-08-31 21:28 | Report Abuse

Hengyuan management already hedge at 30++
Now crack is at 10 , explosive hedging gains!!

Posted by Sharewire > 2022-08-31 21:28 | Report Abuse

Why can't hengyuan hedge at 30++
Mrqqq33?

Posted by Sharewire > 2022-08-31 21:29 | Report Abuse

Because qqq33 don't allow?

Posted by MoneyMakers > 2022-08-31 21:30 | Report Abuse

No need panic yet..just wait&see where share price go tomorrow

P/s: better dont watch oil price tonite (collapsing)

Posted by Sharewire > 2022-08-31 21:32 | Report Abuse

Qtr2 600million is very small amount
Wait till qtr3 more then 1billion
Mm might lose his job

Posted by firehawk > 2022-08-31 21:33 | Report Abuse

@probability, is ok, up to yr willing, even u don do it, is ok ...... we do not really know how HY/Petron do their hedging, they never revealed their derivatives, but only the result.
My observation is, HY/Petron financial result go quite in parallel, basically both favor to high oil price but HY is more extreme (in profit or lost). Is more meaningful if you put in effort to study the average oil price during the reported quarter vs their quarterly P/L ...... ;-)

Posted by Sharewire > 2022-08-31 21:34 | Report Abuse

Mm I not talking about share price as I got no worry
But I worry you may get panic attack.

Posted by Sharewire > 2022-08-31 21:41 | Report Abuse

MM I know you are worry
Qqq333 I know you are worry
Otb always win as the better ones win
He right with those crazy profit.

Posted by Sharewire > 2022-08-31 21:43 | Report Abuse

I not his supporters or personally known him .
But we can judge right or wrong loh.

Posted by Sharewire > 2022-08-31 21:50 | Report Abuse

Ihahaha

Posted by probability > 2022-08-31 21:51 | Report Abuse

@firehawk, the below link is for you:

https://www.investopedia.com/terms/m/marktomarket.asp

KEY TAKEAWAYS

Mark to market can present a more accurate figure for the current value of a company's assets, based on what the company might receive in exchange for the asset under current market conditions.

However, during unfavorable or volatile times, MTM may not accurately represent an asset's true value in an orderly market.

Mark to market is an alternative to historical cost accounting, which maintains an asset's value at the original purchase cost.

In futures trading, accounts in a futures contract are marked to market on a daily basis. Profit and loss are calculated between the long and short positions.

...

For HY case, their hedging on crude oil will be on LONG position

hedging on refined products are on SHORT position

when market crude price drop, they will have hedging loss (and vice versa)

when refined products price up, they will have hedging loss (and vice versa)

Posted by Zhuge_Liang > 2022-08-31 21:59 |

Post removed.Why?

Posted by probability > 2022-08-31 21:59 | Report Abuse

once you read above and understand hedging and mark to market, it should be quite easy to understand why Q3 will have its unrealized hedging loss back to end of Q1 22 level if current pricing remains till end of Sept 22 (Q3).

see the charts presented here - the pricing of each commodity at end of Q1 22, end of Q2 22 and present.

Q1 22 could not make the PAT projected here as the crack margin only shot up at end of Mar 22.



Posted by probability > Aug 31, 2022 8:54 PM | Report Abuse X

@investor77, no doubt on that

the great thing is the unrealized hedging will likely be back to neutral as gasoline crack had returned back to Q1 level

there is absolutely no reason for the unrealized hedging loss of Q2 to remain in Q3 at present pricing of Crude & refined products which are all back to end of Q1 22 level. This is simple common sense

.........


HY Complex refinery margin update - 31/08/22


Diesel: https://www.tradingview.com/symbols/NYMEX-GOC1!/

Jet Fuel: https://www.tradingview.com/symbols/NYMEX-ASD1!/

Gasoline Mogas 92: https://www.tradingview.com/symbols/NYMEX-D1N1%21/
Gasoline Mogas 95 premium: https://www.tradingview.com/symbols/NYMEX-SMU1!/

From above:

1. Diesel at 46% yield, cracks USD 45.24/bbl
2. Jet fuel at 7% yield, cracks USD 35.83/bb
3. Gasoline Mogas 95 at 35% yield, cracks USD (9.62 + 3.75) / bbl
4. Rest of product yield at 12%, using Mogas 95 cracks USD 13.40/bbl

Gross refining margin:

= (0.46 x 45.24 ) + (0.07 x 35.83) + (0.35 x 13.40)+ (0.12 x 13.40)
= 20.81 + 2.50 + 4.69 + 1.61
= US $ 29.6 / brl
.................

Gross Profit at above derived present refining margin

= (10.7 million barrel sales per qtr) x ( US $29.6/brl) x (MYR 4.4/USD)
= 1.393 Billion MYR
...................

Posted by MoneyMakers > 2022-08-31 22:01 |

Post removed.Why?

Posted by MoneyMakers > 2022-08-31 22:01 | Report Abuse

Q3 how to survive - need swallow 1.07Bil hedging loss (crack spread alrdy collapse somemore)

They alrdy highlight 1.07Bil hedging loss in ‘other comprehensive expense’ as WARNING of HY’s overall weakness

Posted by Sharewire > 2022-08-31 22:06 | Report Abuse

Hengyuan already hedging for 2 year at 30++
Explosive dynamite profit for 2 years!!!!!!!!!!