Posted by tehka > 2022-09-02 20:13 | Report Abuse

Ular, lu mimpi. Tomolo takda trading

Posted by UlarSawa > 2022-09-02 20:24 | Report Abuse

Joking lah. So tense at here mah. Haiyoh. Correct?

tehka

Ular, lu mimpi. Tomolo takda trading

10 minutes ago

Posted by i3lurker > 2022-09-02 20:30 | Report Abuse

SINGAPORE MOGAS 92 UNLEADED (PLATTS) BRENT CRACK SPREAD FUTURES climbed up from -0.637 to 0.789

essentially Petrol is FREE
coz Refineries have no space to store petrol anymore

these FREE petrol thingy only happened on 31 August 2022 Merdeka Day free gift.
This caught Syndicates with deep shock and surprise
coz it happened while they are busily pumping HRC share price up for dumping purposes.

Hence general public dumped PetronM and HRC today 01/09/22

Posted by Ahahah > 2022-09-02 20:38 | Report Abuse

If petrol is free, then they can use it to blend with diesel too sell off.
I am from oil and gas industry and understand that very well.

Posted by i3lurker > 2022-09-02 20:39 | Report Abuse

that begs the question
how can refineries make profits if Petrol is FREE ?

https://www.tradingview.com/chart/Z777hoqr/?symbol=NYMEX%3AD1N1%21

=> but of course, these are Tulip trades which does not exist in real life, its a Gambling Trade.

the underlying reason
is most likely that Refineries had ran out of money to pay for hedging trades "notional value"

Even HRC is making arrangements to borrow RM5 Billion via Medium Term Notes.
This illustrates the extent of how Refineries had all become money addicts since the Ukraine War started.

Posted by Ahahah > 2022-09-02 20:39 | Report Abuse

Then they will increase the profit much higher.

Posted by Ahahah > 2022-09-02 20:41 | Report Abuse

Petrol can blend with diesel to sell off as diesel but not the other way round.

Posted by Ahahah > 2022-09-02 20:42 | Report Abuse

Important that diesel have good margin.

Posted by BobAxelrod > 2022-09-02 20:57 |

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Posted by BobAxelrod > 2022-09-02 20:57 |

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Posted by i3lurker > 2022-09-02 20:58 | Report Abuse

conclusion => US Interest rates will increase 50 or 75 basis points in September Meeting

=> bad for refinery hedging

Posted by BobAxelrod > 2022-09-02 20:59 |

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Posted by BobAxelrod > 2022-09-02 21:00 | Report Abuse

And Putin had a phone call a moment ago, someone from Gazprom seems to have misplaced the key to re-open NS 1 on Sunday..........boy, is he in for a whacking....or maybe a reward?

Posted by probability > 2022-09-02 21:02 | Report Abuse

HENGYUAN - How to calculate its refinery margin? & Why share price hesitating to move up despite Q2 EPS of RM 2.2?

https://klse1.i3investor.com/blogs/2017/2022-09-02-story-h1627801128-HENGYUAN_How_to_calculate_its_refinery_margin_Why_share_price_hesitatin.jsp

@Rabbit2 & @Sslee, hope you dont me quoting your salient comments here in HY forum earlier.

The more investor learn about hedging the better their appreciation of HY & PetronM.

Posted by BobAxelrod > 2022-09-02 21:07 |

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Posted by BobAxelrod > 2022-09-02 21:09 |

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Posted by BobAxelrod > 2022-09-02 21:13 |

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Posted by UlarSawa > 2022-09-02 21:15 | Report Abuse

Still talking facts n figures. Can rest liao leh. Many pun kakijudi in bursa who really bother facts n figures so much leh. Haiyoh. Correct?

Posted by BobAxelrod > 2022-09-02 21:19 |

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Posted by UlarSawa > 2022-09-02 21:20 | Report Abuse

HY past years report pun can see mah. Suddenly good then suddenly bad mah. Good time you talk facts n figures. Then bad time talk what leh. Also facts n figures right. Then you want ppl to pay the high price base on facts n figures during good time and fact n figures turn bad you want them to hold at high price kah. Haiyoh. Mana ada so many suiyee can find leh. Suiyee pun clever already mah. Haiyoh. Correct?

Posted by gemfinder > 2022-09-02 21:21 | Report Abuse

Wasting time reading the so call tedios facts n figure

Posted by BobAxelrod > 2022-09-02 21:22 | Report Abuse

Sorry, no put money without facts and figures. I don't have a crystal ball.

And please don't follow my cue.

TAYOR

Posted by Mikecyc > 2022-09-02 21:29 |

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Posted by BobAxelrod > 2022-09-02 21:30 | Report Abuse

I don't go around pasar or coffee shops. No drinking sessions with uncles and aunties for tips. You got good tips can share ah?

Posted by UlarSawa > 2022-09-02 21:30 |

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Posted by Mikecyc > 2022-09-02 21:33 |

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Posted by Mikecyc > 2022-09-02 21:34 |

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Posted by UlarSawa > 2022-09-02 21:36 |

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Posted by UlarSawa > 2022-09-02 21:37 |

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Posted by Mikecyc > 2022-09-02 21:42 |

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Posted by UlarSawa > 2022-09-02 21:45 |

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Posted by Mikecyc > 2022-09-02 21:45 |

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Posted by i3lurker > 2022-09-02 21:45 | Report Abuse

can ask taxi drivers
or nite club girls

or visit Bossku at Kajang Prison
or Kak Ros

BobAxelrod

I don't go around pasar or coffee shops. No drinking sessions with uncles and aunties for tips. You got good tips can share ah?

12 minutes ago

Posted by UlarSawa > 2022-09-02 21:48 | Report Abuse

Now ular tengah tikam grab leh. Paperloss now. Kesian kena trap at 3.01 leh. Dunno when can get kfc leh. That day grab announced Spore digital banking start on 5/9/2022 then ular tikam leh. Mana tau good news pun saham kena shorted down leh. kesian ular. Haiyoh. Correct?

Posted by BobAxelrod > 2022-09-02 21:48 | Report Abuse

Good idea, maybe Jo Low also can give good tips too.

Posted by Mikecyc > 2022-09-02 21:49 |

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Posted by UlarSawa > 2022-09-02 21:49 |

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Posted by UlarSawa > 2022-09-02 21:50 |

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Posted by Mikecyc > 2022-09-02 21:58 |

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Posted by Mikecyc > 2022-09-02 22:03 |

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Posted by Rabbit2 > 2022-09-02 22:23 | Report Abuse

@Probability, please do not quote me as I'm only blowing water like others:)

Posted by probability > 2022-09-02 22:26 | Report Abuse

no worries, we share our opinions...thats the purpose of i3...keep learning and have an open mind

Posted by Rabbit2 > 2022-09-02 22:47 | Report Abuse

@Probability, I could be wrong as I'm still learning

Posted by probability > 2022-09-02 22:56 |

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Posted by UlarSawa > 2022-09-02 22:58 | Report Abuse

Even you get the facts n figures correct but share price red also no use mah. Same as Ular think grab Spore digital banking start this coming monday the price will go up pun didnt happen also pasal shortists still shorting mah. Haiyoh. Correct?

Posted by stockraider > 2022-09-02 22:59 | Report Abuse

Do not get kon loh!

Let Raider summarised Petron & hengyuan position loh!

1.Petron Q2 for 30-6-2022
2. Pet 6mts 30-6-2022

1a.Profit attributable to shareholder............Rm 183m
1b. Profit comprehensive to shareholder...Rm 183m
number of shares Rm 270m
1a. Eps Rm 0.68
1b Eps Rm 0.68

Culmulative 6m
2a, Profit attributable to shareholders..... Rm 289m
2b. Profit comprehensive income shareholders Rm 289m

2a, EPS Rm Rm 1.07
2b. Eps Rm 1.07

Notice that Petron Eps attributable to shareholders & Petron comprehensive income to shareholders are the same bcos Petron treat Hedging gain & loss must flow thru the P&L which is the rightful treatment loh!

Posted by stockraider > 2022-09-02 22:59 | Report Abuse

Let Raider summarised hengyuan position loh!

1.HRC Q2 for 30-6-2022
2. HRC 6mts 30-6-2022

1a.Profit/{loss} attributable to shareholder............Rm 667m
1b. Profit/{loss? comprehensive to shareholder...Rm {412}m
number of shares Rm 300m
1a. Eps Rm 2.22
1b Eps Rm {1.37}

Culmulative 6m
2a, Profit attributable to shareholders..... Rm 714m
2b. Profit comprehensive income shareholders Rm (475m}

2a, EPS Rm Rm 2.38
2b. Eps Rm {1.58}

Notice that Petron Eps attributable to shareholders & Petron comprehensive income to shareholders are the same bcos Petron treat Hedging gain & loss must flow thru the P&L which is the rightful treatment loh!

But hengyuan do not loh! It keep the hedging loss as no impact to EPS loh!

If we standardised the treatment like Petron....Hengyuan will be reporting huge losses loh!

Rightfully Hedging losses should flow thru P&L mah!

Thus Hengyuan performance appear very bad compare to Petron loh!

Posted by stockraider > 2022-09-02 22:59 | Report Abuse

The most question for those people who invest in hengyuan is to ask whether the derivative executed are actually a faked device to siphon money from the company loh ?

The most danger question is the hedging instrument is completely unrelated to business hedging but it is a device instrument to siphon money from hengyuan loh!

The red flags can be seen by;

1. Many qtr of hedging losses loh!
2. Very suspicious long dated of the hedging instrument loh!
3. Extremely large hedging value has been contracted mah!
4. Extremely Huge hedging losses incurred todate loh!

If the above suspicion is proven true.....then hengyuan will eventually be worthless just like Serba loh!

Be extremely very careful on hengyuan loh!

Posted by UlarSawa > 2022-09-02 23:01 | Report Abuse

Those G7 cap the price but Putin cakap dont want to supply to those capped the price mah. Any effect or not. Putin still can give discounted to buyer that pro russia mah. Siapa rugi. G7 mah pay market price mah. Haiyoh. Correct?

Posted by probability > 2022-09-02 23:02 |

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