HENGYUAN REFINING COMPANY BERHAD

KLSE (MYR): HENGYUAN (4324)

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Last Price

2.42

Today's Change

+0.03 (1.26%)

Day's Change

2.39 - 2.46

Trading Volume

638,700


33 people like this.

123,785 comment(s). Last comment by kebling98 1 day ago

ks55

3,802 posts

Posted by ks55 > 2022-09-02 16:32 | Report Abuse

Recall how much PPB making every year from wheat and sugar futures. Why PPB could make so much from these commodities? Simply because it was the largest downstream end user in Malaysia, and one of the major commodity trader in wheat and wheat just like Glencore.

HYR is just a small fry in oil industry. If HYR is a big player in upstream like Shell, Exxon or BP, it will make sense to hedge or lock in profit as and when appropriate. Profit recognition must take into consideration market value of crude oil inventory. Many big oil companies will factor in Replacement Cost Profit in their financial reporting. How about HYR?

UlarSawa

35,552 posts

Posted by UlarSawa > 2022-09-02 16:32 | Report Abuse

Wei hoe to shut up. You teach ular first. You set an example first lah. Boleh?


Posted by MoneyMakers > 8 minutes ago | Report Abuse

Ular just shut up & go back to ur TG snake bbq

No need reply my post with nonsense

UlarSawa

35,552 posts

Posted by UlarSawa > 2022-09-02 16:33 | Report Abuse

Ya kah. Taikor banklap in 2022 like you cakap kah. Haiyoh. So black heart. Haiyoh. Correct?

Posted by i3lurker > 28 seconds ago | Report Abuse

IMPORTANT Conclusion

Dragon went to TG coz smelt blood => Global Excess Gloves Supply

Dragon came to HRC coz smelt blood => Global Excess Refinery Capacity

i3lurker

13,737 posts

Posted by i3lurker > 2022-09-02 16:35 | Report Abuse

thats what PSAi3alert said
after HRC bought Shell Refinery at RM1.80 per share, magically profits went up. "cough cough"
and Syndicates cooked the share price to get magical profits



Posted by ks55 > 39 seconds ago | Report Abuse

Recall how much PPB making every year from wheat and sugar futures. Why PPB could make so much from these commodities? Simply because it was the largest downstream end user in Malaysia, and one of the major commodity trader in wheat and wheat just like Glencore.

HYR is just a small fry in oil industry. If HYR is a big player in upstream like Shell, Exxon or BP, it will make sense to hedge or lock in profit as and when appropriate. Profit recognition must take into consideration market value of crude oil inventory. Many big oil companies will factor in Replacement Cost Profit in their financial reporting. How about HYR?

Primeinvestor

1,454 posts

Posted by Primeinvestor > 2022-09-02 16:36 | Report Abuse

money maker has nothing to do but spam the forum everyday and night, just like last time in supermax lol, why people can be so free, nothing to do, unless they are bloody rich or bloody poor lol

UlarSawa

35,552 posts

Posted by UlarSawa > 2022-09-02 16:36 | Report Abuse

Taikor sudah destroyed kah. Mana ada lah. Taikor still dragonhead lagi mah. Small kucing kurup glove maker baru mau start tutup show mah. Taikor still stand tall as dragonhead lagi without loss QR leh. Correct?

Posted by SinGor > 6 minutes ago | Report Abuse

snake has destroyed TG and many others, now HengY is destiny for destruction

UlarSawa

35,552 posts

Posted by UlarSawa > 2022-09-02 16:37 | Report Abuse

Ya even Rm5 you also warned mah. Everyone also saw it mah. Ular pun ada repost your same post mah. Haiyoh. Correct?


Posted by MoneyMakers > 13 seconds ago | Report Abuse

Same warning since rm6 last week:

HY low-floating shares @ few big sell orders (syndicate run) easily collapse 15%/20%

Either retail dump 1st or syndicate dump 1st..choose wisely

Phoebe

452 posts

Posted by Phoebe > 2022-09-02 16:39 | Report Abuse

Will today down by 10%??
The Grandmaster silence is deafening. Become grandfather a'dy ^_^

UlarSawa

35,552 posts

Posted by UlarSawa > 2022-09-02 16:40 | Report Abuse

Really kah. The same MM or not. Haiyoh. Correct?

Posted by TheStarKLedition > 3 minutes ago | Report Abuse

Friday 2nd September 2022. Kuala Lumpur : MONEY MAKERS MONEY MAKERS 4 FAMILY MEMBERS DIE IN AN ACCIDENT.

UlarSawa

35,552 posts

Posted by UlarSawa > 2022-09-02 16:41 | Report Abuse

Facts n Figures also not better than toss a coin leh. Sifu tossed coin pun more chun leh. Haiyoh. Correct?

Posted by Phoebe > 55 seconds ago | Report Abuse

Will today down by 10%??
The Grandmaster silence is deafening. Become grandfather a'dy ^_^

$$ BUYSELL $$

1,715 posts

Posted by $$ BUYSELL $$ > 2022-09-02 16:42 | Report Abuse

pee pee

UlarSawa

35,552 posts

Posted by UlarSawa > 2022-09-02 16:43 | Report Abuse

This is how hardcore penkritik so powerful lah. Kutuk no satu but promote pun kanasai juga. So chose the easy role to do lah. Kutuk. Haiyoh. Correct?

Posted by Primeinvestor > 5 minutes ago | Report Abuse

money maker has nothing to do but spam the forum everyday and night, just like last time in supermax lol, why people can be so free, nothing to do, unless they are bloody rich or bloody poor lol

tehka

1,928 posts

Posted by tehka > 2022-09-02 16:44 | Report Abuse

Haiyoh ular, leave mm alone lah! MM got agenda want to push price down to untung mah! Same like sifus got agenda want to push price up to untung mah! Actually both also same same what. Correct?

UlarSawa

35,552 posts

Posted by UlarSawa > 2022-09-02 16:45 | Report Abuse

No lah. MM is too much lah. Pasal he kutuk ular punya sifu lah. Haiyoh. Correct?


Posted by tehka > 39 seconds ago | Report Abuse

Haiyoh ular, leave mm alone lah! MM got agenda want to push price down to untung mah! Same like sifus got agenda want to push price up to untung mah! Actually both also same same what. Correct?

Phoebe

452 posts

Posted by Phoebe > 2022-09-02 16:46 | Report Abuse

@Ular, who is your sifu?

i3lurker

13,737 posts

Posted by i3lurker > 2022-09-02 16:48 |

Post removed.Why?

UlarSawa

35,552 posts

Posted by UlarSawa > 2022-09-02 16:48 | Report Abuse

Wow Uncle Koon continue his blog again on HY kah. Short statement only leh. Haiyoh. Correct?

Posted by Phoebe > 56 seconds ago | Report Abuse

Mr. Koon just post an article on HY. Next Q might repeat loss?

BobAxelrod

8,255 posts

Posted by BobAxelrod > 2022-09-02 16:50 | Report Abuse

Dia mau.......

i3lurker

13,737 posts

Posted by i3lurker > 2022-09-02 16:52 |

Post removed.Why?

UlarSawa

35,552 posts

Posted by UlarSawa > 2022-09-02 16:54 | Report Abuse

Oh ular punya Sifu is Stingray lah. Last time pun ada mari sharing at here b4 lah. Lagi ada sharing di Bungaraya juga. Tapi itu MM very panlai lah kutuk Ular punya sifu lah. Ular pun very angry lor. Sifu ada cakap HY derivative loss alot lah. Sudah advice tak mau judi lah. Haiyoh. Correct?


Posted by Phoebe > 2 minutes ago | Report Abuse

@Ular, who is your sifu?

UlarSawa

35,552 posts

Posted by UlarSawa > 2022-09-02 16:58 | Report Abuse

Ya lah. Ular OKU lah.. At least judi your stockgod Buffolo ctr pun ada earn lah. Buffolo lost 43 bil last Qtr leh. You so proud of your idol lost so much kah. Haiyoh. Correct?


anymore


i3lurker

11,714 posts

Posted by i3lurker > 3 minutes ago | Report Abuse

Buying HRC = Buying Gloves

both have Global Excess Supply

why are there so many Suiyee Sucker Bilis around who buys up downhill shares with no immediate future?
Answer => Dragon cracked their skull open, poured in Vodka and ate up their brains at roadside restaurant

tehka

1,928 posts

Posted by tehka > 2022-09-02 17:02 | Report Abuse

Haiyoh uncle delete his post ah? I want to see uncle kutuk or praise hengyuan. Because some are saying uncle kutuk = buy signal. Uncle praise = sell signal. Some claim the win rate very high follow this. Don't know true or not lah. Use own judi judgement. Correct?


UlarSawa

Wow Uncle Koon continue his blog again on HY kah. Short statement only leh. Haiyoh. Correct?

Jerichomy

4,346 posts

Posted by Jerichomy > 2022-09-02 17:03 |

Post removed.Why?

anthonytkh

1,802 posts

Posted by anthonytkh > 2022-09-02 17:03 | Report Abuse

I had posted here several times HRC has bad fundamentals (just check and compare the numbers for the past 3 quarterly reports, check the cash in hand, the debtors, the creditors, the equity vs liabilities… it’s bad) and that both EPF and PNB had sold down their holdings substantially from circa 2015-2017 (from more than 10% to 2% for the former and from 6% to 3% for the latter). Both became non substantial shareholders and because of this they can trade without any need for company announcements

If you are interested in OnG counters, go check which one specific counter EPF have been buying and buying (EPF held 11% based on that company’s 2021 AR). Super good fundamentals. RM8 Billion equity vs RM3 Billion liabilities

Jerichomy

4,346 posts

Posted by Jerichomy > 2022-09-02 17:04 |

Post removed.Why?

UlarSawa

35,552 posts

Posted by UlarSawa > 2022-09-02 17:08 | Report Abuse

Uncle Koon very frank person mah. No good he say no good lah. Good he say good lah. We all eat garam less than uncle koon mah. Must respect Uncle Koon sikit leh. At least he was the co founder of few listed company in Bursa leh. The rest of those kutuk uncle koon one not even ada such experience leh.Uncle Koon pun so old already mah. Kutuk Uncle Koon is like their own parent ini macam leh. No respect orang tua kah. Very bad manner leh
Uncle koon so nice person always give angpow one leh. You takda get angpow from him kah. Haiyoh. Correct?


tehka

Haiyoh uncle delete his post ah? I want to see uncle kutuk or praise hengyuan. Because some are saying uncle kutuk = buy signal. Uncle praise = sell signal. Some claim the win rate very high follow this. Don't know true or not lah. Use own judi judgement. Correct?


UlarSawa

Wow Uncle Koon continue his blog again on HY kah. Short statement only leh. Haiyoh. Correct?

17 seconds ago

Jerichomy

4,346 posts

Posted by Jerichomy > 2022-09-02 17:09 |

Post removed.Why?

MoneyMakers

7,496 posts

Posted by MoneyMakers > 2022-09-02 17:09 | Report Abuse

Ding3 what a massacre

Expecting worse bloodbath nxt week (margin call/panic sell/cutloss)

Posted by The St. Goreng > 2022-09-02 17:13 | Report Abuse

All HY supporters talked like guru but when share price tanked they come out with all twisted facts to con bilis buying their share...

tehka

1,928 posts

Posted by tehka > 2022-09-02 17:16 | Report Abuse

Haiyoh ular, cannot say like that. Of course I respect uncle as elder person to me. I say he is very panlai. But you must remember uncle write article also got agenda one. Thats why always pusing pusing. Correct or not? When see uncle article must think why he write the article, not the content of the article. End of day uncle also want to make money from others not do charity in share market. Correct?

$$ BUYSELL $$

1,715 posts

Posted by $$ BUYSELL $$ > 2022-09-02 17:16 | Report Abuse

habis wayang.

UlarSawa

35,552 posts

Posted by UlarSawa > 2022-09-02 17:22 | Report Abuse

Uncle koon write blog is when he want to give angpow time mah. You takda dapat angpow meh. After dapat angpow must remember to kiss uncle koon hand and ucap terima kasih uncle koon leh. Next time uncle koon will remember you and continue to give angpow mah. Those many kutuk uncle koon one must be giving angpow one takda take angpow from Uncle koon lah. Ular ada dapat angpow from uncle koon one leh. Kenot bite the hand that gave you angpow leh. Haiyoh. Correct?


tehka

Haiyoh ular, cannot say like that. Of course I respect uncle as elder person to me. I say he is very panlai. But you must remember uncle write article also got agenda one. Thats why always pusing pusing. Correct or not? When see uncle article must think why he write the article, not the content of the article. End of day uncle also want to make money from others not do charity in share market. Correct?

1 minute ago

Jerichomy

4,346 posts

Posted by Jerichomy > 2022-09-02 17:22 |

Post removed.Why?

Mikecyc

45,534 posts

Posted by Mikecyc > 2022-09-02 17:23 |

Post removed.Why?

UlarSawa

35,552 posts

Posted by UlarSawa > 2022-09-02 17:27 |

Post removed.Why?

Mikecyc

45,534 posts

Posted by Mikecyc > 2022-09-02 17:30 |

Post removed.Why?

anthonytkh

1,802 posts

Posted by anthonytkh > 2022-09-02 17:31 | Report Abuse

Just ask yourself this question : Are you hoping?

Bad fundamentals qoqoqoq. Big local funds kept selling. Inconsistent dividends.

Go have a dialogue with EPF and ask them what’s their rationale and criterias for investing (as in buying and buying one company’s shares instead of selling and selling another company’s shares). They will answer with only one worD (with two reasons).

UlarSawa

35,552 posts

Posted by UlarSawa > 2022-09-02 17:32 |

Post removed.Why?

Jerichomy

4,346 posts

Posted by Jerichomy > 2022-09-02 17:37 |

Post removed.Why?

Jerichomy

4,346 posts

Posted by Jerichomy > 2022-09-02 17:39 |

Post removed.Why?

Sslee

5,601 posts

Posted by Sslee > 2022-09-02 17:44 | Report Abuse

Just a thought,
HRC make a derivative gain of RM 1,234,316,000 in year 2020.

So in case refining margin is negative then HRC might as well shut the plant to prevent physical loss in buying crude, refining the crude and selling refine products and at the same time pocket all the cash settlement refining margin swap contracts gain on contract maturity date.
Remember the outstanding refining margin swap notional value as on 30/6/3022 Is USD 226,945,000.

Jerichomy

4,346 posts

Posted by Jerichomy > 2022-09-02 17:50 |

Post removed.Why?

Jerichomy

4,346 posts

Posted by Jerichomy > 2022-09-02 17:50 |

Post removed.Why?

i3lurker

13,737 posts

Posted by i3lurker > 2022-09-02 17:50 | Report Abuse

dun forget

Global Excess Refinery Capacity
Global Excess Gloves Supply
Global Excess Prostitute Supply
Global Excess Vaccine Supply
Global Excess Chips Capacity
Global Excess Dragons
Global Excess Office Space
Global Excess Coffee Shops
Global Excess Air Planes
Global Excess Smart Phone Capacity
Global Excess Streaming Services
Global Excess Mobile Capacity

and lastly
Global Excess Politicians, need to send some to jail

Sslee

5,601 posts

Posted by Sslee > 2022-09-02 17:54 | Report Abuse

Totally agreed with i3lurker on the last one:
and lastly
Global Excess Politicians, need to send some to jail

i3lurker

13,737 posts

Posted by i3lurker > 2022-09-02 17:59 | Report Abuse

the notional value is what you pay at start of Gamble
[in example above given by me its the USD18,000.00 initial payment to start Gamble]
1=>
the market value had already been given
and its Unrealized loss RM Billions
the unrealized loss likely to double or triple to more RM Billions

2=>
dun forget its all USD
USD => 4.5 to 5.5
another 25% more RM billions mari mari



////Remember the outstanding refining margin swap notional value as on 30/6/3022 Is USD 226,945,000.////

i3lurker

13,737 posts

Posted by i3lurker > 2022-09-02 18:02 | Report Abuse

forget about complicated definitions

Notional Value => see above example USD18,000.00 initial payment to start Gamble

Notional Value money is all gone
and its RM billions in losses unrealized Market Value

Jerichomy

4,346 posts

Posted by Jerichomy > 2022-09-02 18:04 |

Post removed.Why?

i3lurker

13,737 posts

Posted by i3lurker > 2022-09-02 18:06 | Report Abuse

HRC could end up with a RM 3 Billion derivative loss based on my understanding of oil market today.

=> RM0.10 per share

thats why Syndicates desperately dumping HRC shares just like TG
thats why Dragon is here for the blood sucking

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