Posted by UlarSawa > 2022-09-03 22:50 | Report Abuse

You so good heart one meh. Pray for people. Unbelievable leh. Haiyoh. Correct?

i3lurker

qqq3333

I will pray for you.

8 minutes ago

Posted by UlarSawa > 2022-09-03 22:51 |

Post removed.Why?

Posted by hope888 > 2022-09-03 22:51 | Report Abuse

Can someone please tell me if the dividend is RM100 or RM10.

Posted by UlarSawa > 2022-09-03 22:52 | Report Abuse

Correct. Correct. Correct.


titan3322

Lots of OKU in this forum. Anyway HY would not be a good investment for long term

25 minutes ago

Posted by UlarSawa > 2022-09-03 22:53 | Report Abuse

Both also correct. 10sen for small lot 100saham is rm10.00. 10sen for big lot 1000saham is rm100. Correct?


hope888

Can someone please tell me if the dividend is RM100 or RM10.

52 seconds ago

Posted by i3lurker > 2022-09-03 22:54 |

Post removed.Why?

Posted by Zhuge_Liang > 2022-09-03 22:56 | Report Abuse

Posted by hope888 > 3 minutes ago | Report Abuse
Can someone please tell me if the dividend is RM100 or RM10.
---------------
If you have 1,000 shares of Hengyuan, you will get RM100 as dividend.

Posted by UlarSawa > 2022-09-03 22:58 | Report Abuse

Michael sometime also correct leh. Saw he posting many times cut and paste old posting not always not correct also leh. So cannot say your TA is better than Michael also leh. Your one sometime pun not correct also leh. So no right or wrong siapa correct or not correct leh. Sama sama juga
sometime correct sometime not correct leh. Haiyoh. Correct?

Zhuge_Liang

Michael Kwok can write good English until all the white cannot understand it.
I also cannot understand it.
What is the biggest joke in town ?
Still can teach TA using English.
Hope his students can understand him.

1 hour ago

Posted by UlarSawa > 2022-09-03 22:59 | Report Abuse

Ya kah. You trade Angmoh Stockgod buffolo ctrs one can achieve lah. Haiyoh. Correct?


i3lurker

qqq3333

those days for me to open account at Morgan Stanley was so difficult.
Nowadays you can trade US market so easily even Maybank and Rakuten can do already.

I believe you can easily make money if you focus on it.

RM1,000.00 to RM1 million within 1 or 2 years is not that difficult in US market

3 minutes ago

Posted by MoneyMakers > 2022-09-03 23:00 | Report Abuse

Aiyoyo i3lurker oil trading US/NY session start @ 9pm leh

Simple trading hour also dunno..dont even talk derivatives kikiki

This fella really full BS kikiki

Posted by i3lurker > 2022-09-03 23:01 | Report Abuse

I am sure you are the expert !!!
:)


MoneyMakers

Aiyoyo i3lurker oil trading US/NY session start @ 9pm leh

Simple trading hour also dunno..dont even talk derivatives kikiki

This fella really full BS kikiki

6 seconds ago

Posted by UlarSawa > 2022-09-03 23:03 | Report Abuse

Do take note you need to choose 10sen divvy and HY price also reduce 10sen ex date. No different also. Sometime ex date saham price drop even more lower than 10sen divvy you get. For those short term kakijudi need to take note. Ok. Haiyoh. Correct?

Posted by qqq3333MotherDies > 2022-09-03 23:03 | Report Abuse

Itu Emak qqq3333 sudah MAMPUS. Mati makan racun sebab tak bolih bayar hutang judi CONTRA.
lam mor or mi tor for UNTUK EMAK qqq3333
lam mor or mi tor for UNTUK EMAK qqq3333
lam mor or mi tor for UNTUK EMAK qqq3333
Selamat jalan ke neraka.
Tak ada ajar loo punya anak qqq3333 jadi anak kurang ajar.
Emak qqq3333 kena bakar di neraka.

Posted by qqq3333MotherDies > 2022-09-03 23:04 | Report Abuse

qqq3333MotherDies

Itu Emak qqq3333 sudah MAMPUS. Mati makan racun sebab tak bolih bayar hutang judi CONTRA.
lam mor or mi tor for UNTUK EMAK qqq3333
lam mor or mi tor for UNTUK EMAK qqq3333
lam mor or mi tor for UNTUK EMAK qqq3333
Selamat jalan ke neraka.
Tak ada ajar loo punya anak qqq3333 jadi anak kurang ajar.
Emak qqq3333 kena bakar di neraka.

Posted by qqq3333MotherDies > 2022-09-03 23:04 | Report Abuse

qqq3333MotherDies

qqq3333MotherDies

Itu Emak qqq3333 sudah MAMPUS. Mati makan racun sebab tak bolih bayar hutang judi CONTRA.
lam mor or mi tor for UNTUK EMAK qqq3333
lam mor or mi tor for UNTUK EMAK qqq3333
lam mor or mi tor for UNTUK EMAK qqq3333
Selamat jalan ke neraka.
Tak ada ajar loo punya anak qqq3333 jadi anak kurang ajar.
Emak qqq3333 kena bakar di neraka.

0 seconds ago


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Posted by qqq3333MotherDies > 2022-09-03 23:05 | Report Abuse

qqq3333MotherDies

qqq3333MotherDies

Itu Emak qqq3333 sudah MAMPUS. Mati makan racun sebab tak bolih bayar hutang judi CONTRA.
lam mor or mi tor for UNTUK EMAK qqq3333
lam mor or mi tor for UNTUK EMAK qqq3333
lam mor or mi tor for UNTUK EMAK qqq3333
Selamat jalan ke neraka.
Tak ada ajar loo punya anak qqq3333 jadi anak kurang ajar.
Emak qqq3333 kena bakar di neraka.

Posted by UlarSawa > 2022-09-03 23:05 | Report Abuse

Walao so many kakijudi at here judi derivatives one kah. Lagi cakap sendiri bukan kakijudi lagi kah. Haiyoh. Correct?

Posted by qqq3333MotherDies > 2022-09-03 23:05 | Report Abuse

qqq3333MotherDies

qqq3333MotherDies

qqq3333MotherDies

Itu Emak qqq3333 sudah MAMPUS. Mati makan racun sebab tak bolih bayar hutang judi CONTRA.
lam mor or mi tor for UNTUK EMAK qqq3333
lam mor or mi tor for UNTUK EMAK qqq3333
lam mor or mi tor for UNTUK EMAK qqq3333
Selamat jalan ke neraka.
Tak ada ajar loo punya anak qqq3333 jadi anak kurang ajar.
Emak qqq3333 kena bakar di neraka.

0 seconds ago

Posted by qqq3333MotherDies > 2022-09-03 23:07 | Report Abuse

qqq3333MotherDies

qqq3333MotherDies

qqq3333MotherDies

qqq3333MotherDies

Itu Emak qqq3333 sudah MAMPUS. Mati makan racun sebab tak bolih bayar hutang judi CONTRA.
lam mor or mi tor for UNTUK EMAK qqq3333
lam mor or mi tor for UNTUK EMAK qqq3333
lam mor or mi tor for UNTUK EMAK qqq3333
Selamat jalan ke neraka.
Tak ada ajar loo punya anak qqq3333 jadi anak kurang ajar.
Emak qqq3333 kena bakar di neraka.

0 seconds ago

Posted by UlarSawa > 2022-09-03 23:07 | Report Abuse

Wei cafe owner. What are you doing here. So many ID created for what lah. No effect also lah. Ppl still lepaking at here mah. Haiyoh. Correct?

Posted by UlarSawa > 2022-09-03 23:08 |

Post removed.Why?

Posted by UlarSawa > 2022-09-03 23:11 |

Post removed.Why?

Posted by probability > 2022-09-03 23:12 | Report Abuse

The reason why HY shows large unrealized loss on Cost of hedging reserve (COHR) is because it has around 18 million barrels of refined products, e.g Gasoline crack spread that is hedged for next 24 months at 12.7 USD/brl margin.


This is the Refining Margin Swap Contract (RMSC) shown as USD 227 million (USD 12.7 crack x 18 million barrels hedged).

As per accounting rules, this hedged contract (RMSC) has to show the opportunity lost / gained presuming the current crack spread of these refined products at the end of reporting Q2 22' (30 June) persist indefinitely till all hedging contract matures (more than 24 months).

Unrealized Cost of Hedging Reserve (COHR) , loss / gain: (A-M) x V

A = hedged crack spread value, 12.7 USD/brl
V = barrels volume of refined products hedged, 18 million
M = Market pricing of the hedged refined product at end of reporting period (mark to market)

Since at the end of June 22', the avg crack spread of the refined products, e.g gasoline at 31.6 USD/brl, the opportunity lost for the period of hedging is

Unrealized Cost of Hedging Reserve (COHR):
= (12.7 - 31.6) USD/brl x 18 million barrels
= - 338 million USD or MYR 1,490,267,000

The above is what reported as (Asset 261,065,000 - Liabilities 1,751,332,000)

The above after taxation is placed into 'Other comprehensive
(expense)/income' , reported as Cost of hedging reserve (net of tax).

Posted by UlarSawa > 2022-09-03 23:12 | Report Abuse

Mau judi judi lah. Mau kalah judi tak mau complain other lah. Sendiri judi pun takda orang paksa you to judi mah. Kalah menang judi is just a game in bursa lah. Good Nite everyone. Haiyoh. Correct?

Posted by probability > 2022-09-03 23:15 | Report Abuse

Now lets see what happens, when Gasoline crack drops to its usual average of 5.7 USD/brl (currently its about 7.8 USD/brl)

Unrealized Cost of Hedging Reserve (COHR):
= (12.7 - 5.7) USD/brl x 18 million barrels
= 90 million USD or gain of MYR 395,000,000

When its a loss, COHR only shows the 'greater opportunity lost' compared to smaller opportunity gained by hedging - by locking down the margin.

When its a gain, COHR only shows the 'benefit of opportunity locked' compared to if you had not locked the opportunity available earlier.

As such, we can see why the above is not reported in P&L statement.


COHR gain of 395 million from loss of 1.1 billion will cause the NTA to jump by RM5 and if you add that to EPS of RM2, you get RM 7

that means by end of Q3, NTA is above RM12...

Posted by i3lurker > 2022-09-03 23:19 | Report Abuse

sslee

your KBK tuition is here
liabilities is profit

Posted by Jerichomy > 2022-09-03 23:21 | Report Abuse

Bijaknya you ya

titan3322
Lots of OKU in this forum. Anyway HY would not be a good investment for long term
53 minutes ago

Posted by Jerichomy > 2022-09-03 23:21 | Report Abuse

I agree with ilurker below

i3lurker
sslee

your KBK tuition is here
liabilities is profit
1 minute ago

Posted by qqq3333MotherDies > 2022-09-03 23:26 | Report Abuse

qqq3333 Emak sudah HUM KA charn. Mama qqq3333 tak ada ajar dia punya anak. Nanti kami taruh taik ATAS DIA punya keranda.
Saya supervisour Mahbur rahman di cafe.Boss ta ada ..BOss ADA cakap bila ada masa KACAU sama itu 3 atau 4 orang.
qqq3333 emak sudah mati..kami bangkala ambil perigi KONG kek

Posted by qqq3333MotherDies > 2022-09-03 23:26 | Report Abuse

qqq3333 Emak sudah HUM KA charn. Mama qqq3333 tak ada ajar dia punya anak. Nanti kami taruh taik ATAS DIA punya keranda.
Saya supervisour Mahbur rahman di cafe.Boss ta ada ..BOss ADA cakap bila ada masa KACAU sama itu 3 atau 4 orang.
qqq3333 emak sudah mati..kami bangkala ambil perigi KONG kek

0 seconds ago

Posted by qqq3333MotherDies > 2022-09-03 23:26 | Report Abuse

qqq3333 Emak sudah HUM KA charn. Mama qqq3333 tak ada ajar dia punya anak. Nanti kami taruh taik ATAS DIA punya keranda.
Saya supervisour Mahbur rahman di cafe.Boss ta ada ..BOss ADA cakap bila ada masa KACAU sama itu 3 atau 4 orang.
qqq3333 emak sudah mati..kami bangkala ambil perigi KONG kek

Posted by qqq3333MotherDies > 2022-09-03 23:27 | Report Abuse

qqq3333 Emak sudah HUM KA charn. Mama qqq3333 tak ada ajar dia punya anak. Nanti kami taruh taik ATAS DIA punya keranda.
Saya supervisour Mahbur rahman di cafe.Boss ta ada ..BOss ADA cakap bila ada masa KACAU sama itu 3 atau 4 orang.
qqq3333 emak sudah mati..kami ban

Posted by i3lurker > 2022-09-03 23:28 | Report Abuse

Dragon
////sometime correct sometime not correct////

you are telling us something we do not know?

if people correct all the time no need everyday more tha 30 people die from traffic accidents

Posted by hope888 > 2022-09-03 23:35 | Report Abuse

Thank you for your reply Zhuge_Liang . I have 1000 shares of HengYuan. I am happy that I will be receiving RM100 dividend.

Posted by PSAi3alert > 2022-09-03 23:35 | Report Abuse

SSLee,

Ok, agreed that HRC's directors' fees of around RM2M are reasonable. Actually low compared to Insas' directors' fees (over RM10M?).

Also, the directors are also unlikely to go to Jalan Alor to kiu kai like Mike-Catch-Yucky-Chlamydia.

However, those points are not germane at all.

If HRC were to fully hedge their capacity last year, their profits will be capacity x hedged margins.

Whatever crack spread now will be irrelevant.

Marathon does not hedge. They suffered losses in 2020 but are enjoying superior profits now.

HRC's latest quarterly gross profit of RM912.942M will be attributable to prevailing operating crack margins. The derivative losses will take out the difference between the current and previously hedged margins. Unfortunately, the losses of RM1,079.600M suggest that they have over-hedged and started gambling.

To suggest that the derivative losses will unwind themselves will give rise to an unlikely scenario - whereby a refinery company can be profitable during periods of negative crack margins, and have superior profits during periods of very high crack margins (that were hedged 12 months ago).

Sounds like a unicorn.

I would rather belief Mabel is a buxom blond.

https://www.tradingview.com/symbols/NYMEX-D1N1%21/


---

Posted by Sslee > 2 hours ago |

...

Just to be fair, do you see the China and Philipine boss of HRC and Petronm:
Draw millions and hundred million in CEO/Chairman/MD/director fees and bonus like Shahril and Tony and many others?
Cash call year after year like Jaks, Serba and many other companies?
Reward themselve with free share grant (LTIP), ESOS, warrant and etc?

The China and Philipine boss are doing a favor for Malaysians by taking up Shell and ESSO refinery in Malaysia because ESSO and Shell do not intend to upgrade their Malaysia refinery with huge CAPEX to produce low sulfur petrol and diesel. They prefer to spend their money on their refinery complex in Singapore.

Posted by i3lurker > 2022-09-03 23:43 | Report Abuse

PSAi3alert

I am shocked !!!
Mabel is NOT a buxom blond?

I was misinformed ... just like Rick who went to Casablanca for the "waters"

Posted by $$ BUYSELL $$ > 2022-09-03 23:46 | Report Abuse

pee pee again

Posted by i3lurker > 2022-09-03 23:48 | Report Abuse

////They prefer to spend their money on their refinery complex in Singapore.///

kwailoh always believe Malaysia will end up just like Pakistan or maybe Afghanistan => Malaysistan
look at the number of Regional HQ in Singapore and you have the answer..

You cannot blame these Kwailoh, look at PAS press announcements.

Posted by i3lurker > 2022-09-04 00:01 | Report Abuse

Since you are the ONLY Expert here
You are saying that OTB already sold all HRC
and OTB want to buy back in HRC again at cheap price?


MoneyMakers

Plan exit ASAP..possible huge dump down to orig price rm3 by month-end (div xdate)

Either ownself dump 1st or syndicate dump 1st..choose wisely or 4ever regret

16 minutes ago

Posted by probability > 2022-09-04 00:08 |

Post removed.Why?

Posted by Jerichomy > 2022-09-04 00:23 | Report Abuse

Next time we export maid

i3lurker
////They prefer to spend their money on their refinery complex in Singapore.///

kwailoh always believe Malaysia will end up just like Pakistan or maybe Afghanistan => Malaysistan
look at the number of Regional HQ in Singapore and you have the answer..

You cannot blame these Kwailoh, look at PAS press announcements.
33 minutes ago

Posted by Jerichomy > 2022-09-04 00:23 | Report Abuse

Next we export maid from malaysia

i3lurker
////They prefer to spend their money on their refinery complex in Singapore.///

kwailoh always believe Malaysia will end up just like Pakistan or maybe Afghanistan => Malaysistan
look at the number of Regional HQ in Singapore and you have the answer..

You cannot blame these Kwailoh, look at PAS press announcements.
33 minutes ago

Posted by JerichomyFatherDies > 2022-09-04 01:06 | Report Abuse

Jerichomy buat bising.Bapa Jerichomy sudah mati. Mati sakit hisap pu ki kotor.Esok ambil bakar. Ham ka charn Jerichomy

Posted by JerichomyFatherDies > 2022-09-04 01:08 | Report Abuse

Saya mahbur rahman supervisour.boss ada cakap fcuk itu Jerichomy.Bapa dan Emak Jerichomy mati sakit.keluarga.tada guna.Semua Jerichomy keluarga habis

Posted by Sslee > 2022-09-04 07:43 | Report Abuse

PSAi3alert,
Quote "HRC's latest quarterly gross profit of RM912.942M will be attributable to prevailing operating crack margins. The derivative losses will take out the difference between the current and previously hedged margins. Unfortunately, the losses of RM1,079.600M suggest that they have over-hedged and started gambling.

To suggest that the derivative losses will unwind themselves will give rise to an unlikely scenario - whereby a refinery company can be profitable during periods of negative crack margins, and have superior profits during periods of very high crack margins (that were hedged 12 months ago).

Sounds like a unicorn" unquote.

I do not have information on HRC hedge position nor the duration of hedged nor whether HRC overhedged or underhedged. But be objective and look into Q2 result.
Page 8
The profit/(loss) before taxation is arrived at after crediting)/charging
Fair value loss on derivative financial instruments:
Q2: RM 438,758,000. Cumulative RM 870,964,000
Page 5
Operating profit before changes in working capital RM 939,171,000

So in H1 the realised fair value loss on derivative is RM 870,964,000 and HRC still able to make an operating profit before changes in working capital RM 939,171,000.

Hence should you be very afraid of the unrealised losses RM1,079.600,000 marked to market (as on 31/06/22 when the crack spread was at the peak) outstanding derivatives till proclaims that HRC will have cash flow problems and going to bankrupt like Serba or AAX or CapitalA.

By the way the directors and chairperson of Insas had profited much more from their Inari ESOS year after year.

Posted by Sslee > 2022-09-04 07:50 | Report Abuse

In other word if HRC do not do hedged by now H1 sale volume of about 21 million barrels should have gave them a super fat profit before tax of RM RM 870,964,000 + RM 897,257,000.

Posted by Sslee > 2022-09-04 07:55 | Report Abuse

Correction:
In other word if HRC do not do hedged by now H1 sale volume of about 21 million barrels should have gave them a super fat profit before tax of RM RM 870,964,000 + RM 982,535,000

Posted by Sslee > 2022-09-04 08:04 | Report Abuse

Or a profit before tax of about USD 20 per barrel.

Posted by Jerichomy > 2022-09-04 08:06 |

Post removed.Why?

Posted by BobAxelrod > 2022-09-04 08:25 |

Post removed.Why?