Posted by UlarSawa > 2022-09-04 16:27 | Report Abuse

HY past record hedging ada good kah. Now more like buying time only leh. If not good then you expect future betting will be good kah. Like this praying TiGong popi popi liao leh. Haiyoh. Correct?

Posted by Sslee > 2022-09-04 16:27 | Report Abuse

AA hedged the fuel cost against their selling forward air ticket.

So whatever hedged loss (jet fuel become cheaper) the loss should be offset by extra gain in physical flight in carrying the passangers(lower cost due to cheaper fuel)

Unfortunately during Covid their hedge loss was not offset by extra gain in physical flight in carry the passangers (lower cost due to cheaper fuel) because of flight cancellation.

Posted by UlarSawa > 2022-09-04 16:29 | Report Abuse

They all also scare mah. Ask someone else to buy lah. Haiyoh. Correct?


Income

If you like HY so much because HY can make hedging ( cannot lose money) , then you buy 10 lorries of HY shares and keep them for your anak or cucu cicit cocot? Correct?

1 minute ago

Posted by Sslee > 2022-09-04 16:30 | Report Abuse

HRC in H1 2022 alone make realised hedging loss of RM 870,964,000.
So who tell you hedging don't make loss?

Posted by UlarSawa > 2022-09-04 16:32 |

Post removed.Why?

Posted by Johnzhang > 2022-09-04 16:33 | Report Abuse

Very true ! In the case of HY, don’t open your cards!
Just do your trades quietly .
Like Ular always says stock market is a gambling ground. In gambling , you don’t let your opponents knows your card .
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Posted by tehka > 47 minutes ago | Report Abuse

Haiyah Income, it is true fact mah! You see Uncle Koon always buka his poker cards, everyone see and take the opposite trade. Better is keep your own judi card to yourself loh. Kikiko. Correct?

Posted by UlarSawa > 2022-09-04 16:36 | Report Abuse

Gambling follow market lah. TP is kakikongkakisong lah. You follow TP so rigid when judi kah. Haiyoh. Correct?


Johnzhang


Very true ! In the case of HY, don’t open your cards!
Just do your trades quietly .
Like Ular always says stock market is a gambling ground. In gambling , you don’t let your opponents knows your card .

Posted by Sslee > 2022-09-04 16:37 | Report Abuse

Please read and not to be too emotional.
What I said if the fuel hedge loss during normal businese should be offset by extra gain in physical flight in carrying the passangers (lower cost due to cheaper fuel)

Posted by i3lurker > 2022-09-04 16:38 | Report Abuse

need sslee to attend AGM to ask who they hedge with. Is it Licensed Broker?

Posted by Income > 2 minutes ago | Report Abuse

Hello, you please Google AA history,
Even before Covid, AA aviation oil hedging caused huge losses as stated in AA annual reports.
You Google it. I don’t bluff you.
That’s why I don’t play AA stock.

Posted by Johnzhang > 2022-09-04 16:42 | Report Abuse

Why barking nonstop on hedging loss ! What matters is if HY still make good money after taking into account whatever hedging loss or hedging cost ! Don’t bark at the wrong tree .
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Posted by UlarSawa > 1 minute ago | Report Abuse

Someone else in the forum. Cakap hedging surewin. Haiyoh. Correct?

Sslee

HRC in H1 2022 alone make realised hedging loss of RM 870,964,000.
So who tell you hedging don't make loss?

Posted by Sslee > 2022-09-04 16:42 | Report Abuse

HRC H1 2022 realised hedging loss of RM 870,964,000 is offset by extra refining margin acheived during the period and thus overall still make a record profit before tax of RM 982,535,000.

Posted by i3lurker > 2022-09-04 16:42 | Report Abuse

There is a Real Reason why Marathon do not hedge
if oil peaks to USD150..00, for just milliseconds
margin call for milliseconds
your position could be closed within milliseconds with RM1.5 Billion loss

thats what Raider trying to tell you.

Posted by UlarSawa > 2022-09-04 16:47 | Report Abuse

Ex Insuran Agent why angry. Their choice if they dont want to TP openly lah. You cannot force ppl one leh. Referee not agree forcing forcing macam gangster leh. Haiyoh. Correct?


Income

Hello, IF NO BALLS, SAY OUT HERE YOU HAVE NO BALLS TO GIVE YOUR TP FOR HY.

DONT HIDE BEHIND MUMMY SKIRT AND SAY CANT REVEAL HY TP BECAUSE IB CAN MANIPULATE BASE ON YOUR TP.

Posted by MoneyMakers > 2022-09-04 16:48 | Report Abuse

Aiyoyo sslee u really 1-trick donkey

Can only repeat ‘hedging loss offset by something else physical gain’

So every QR sure got profit issit

Never see HY soo many times QR loss meh aiyoyo

Posted by MoneyMakers > 2022-09-04 16:49 | Report Abuse

Only probability/sslee think HY hedging always perfect/profitable

Dunno whether they blind or what - never see HY soo many prev QR got losses

Posted by MoneyMakers > 2022-09-04 16:53 | Report Abuse

If HY hedging expired in Q2, would’ve reported (-400Mil) loss

The ‘comprehensive loss’ (-400Mil) basically WARNING of HY hedging failure

Posted by Sslee > 2022-09-04 16:53 | Report Abuse

Singapore airlines also make fuel hedging losses if fuel oil on the uptrend.

HRC and Petronm make hedging loss because of crude, finished products and refining margin on the uptrend.

If crude, finished products and refining margin on a downtrend then their hedged will make a gain.

Posted by probability > 2022-09-04 16:56 | Report Abuse

@MM, i bet if you can squeeze your brain cells a bit after a strong cup of coffee and spend 10 minutes to understand the below concept, you will be quite confident HY makes money (secures) through hedging

try taking this challenge for you:

Extract from below article:
www.cmegroup.com/education/articles-and-reports/introduction-to-crack-spreads.html

Fixing Refiner Margins Through a Simple 1:1 Crack Spread

In January, a refiner reviews his crude oil acquisition strategy and his potential gasoline margins for the spring. He sees that gasoline prices are strong, and plans a two-month crude-to-gasoline spread strategy that will allow him to lock in his margins. Similarly, a professional trader can analyze the technical charts and decide to “sell” the crack spread as a directional play, if the trader takes a view that current crack spread levels are relatively high, and will probably decline in the future.

In January, the spread between April crude oil futures ($50.00 per barrel) and May RBOB gasoline futures ($1.60 per gallon or $67.20 per barrel) presents what the refiner believes to be a favorable 1:1 crack spread of $17.20 per barrel. Typically, refiners purchase crude oil for processing in a particular month, and sell the refined products one month later.

The refiner decides to “sell” the crack spread by selling RBOB gasoline futures, and buying crude oil futures, thereby locking in the $17.20 per barrel crack spread value. He executes this by selling May RBOB gasoline futures at $1.60 per gallon (or $67.20 per barrel), and buying April crude oil futures at $50.00 per barrel.

Two months later, in March, the refiner purchases the crude oil at $60.00 per barrel in the cash market for refining into products. At the same time, he also sells gasoline from his existing stock in the cash market for $1.75 per gallon, or $73.50 per barrel. His crack spread value in the cash market has declined since January, and is now $13.50 per barrel ($73.50 per barrel gasoline less $60.00 per barrel for crude oil).

Since the futures market reflects the cash market, April crude oil futures are also selling at $60.00 per barrel in March — $10 more than when he purchased them. May RBOB gasoline futures are also trading higher at $1.75 per gallon ($73.50 per barrel). To complete the crack spread transaction, the refiner buys back the crack spread by first repurchasing the gasoline futures he sold in January, and he also sells back the crude oil futures. The refiner locks in a $3.70 per barrel profit on this crack spread futures trade.

The refiner has successfully locked in a crack spread of $17.20 (the futures gain of $3.70 is added to the cash market cracking margin of $13.50). Had the refiner been un-hedged, his cracking margin would have been limited to the $13.50 gain he had in the cash market. Instead, combined with the futures gain, his final net cracking margin with the hedge is $17.20 — the favorable margin he originally sought in January.

Posted by UlarSawa > 2022-09-04 16:56 | Report Abuse

Good money need to get more loan. Need to issue 5bil notes. Ada see salah boh. Trade payable pun double to 4bil. Debt more than double to 1.5bil leh. Haiyoh. Correct?



Johnzhang


Why barking nonstop on hedging loss ! What matters is if HY still make good money after taking into account whatever hedging loss or hedging cost ! Don’t bark at the wrong tree .
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Posted by i3lurker > 2022-09-04 16:56 |

Post removed.Why?

Posted by UlarSawa > 2022-09-04 16:58 | Report Abuse

Dont mislead if hedging sure will be better as you also dunno when they close position leh. Dont keep assume the brighter side leh. Macam toss coin sure will get head and wont get tail leh. Haiyoh. Correct?

Posted by UlarSawa > 2022-09-04 16:59 | Report Abuse

It is ok. Dont force ppl. TP is just a game lah. Not a must for all to join lah. You think ppl judi follow your TP meh. Haiyoh. Correct?


Income

Ular, so Soli Soli for my bad manners here.

Posted by i3lurker > 2022-09-04 17:00 |

Post removed.Why?

Posted by Sslee > 2022-09-04 17:01 | Report Abuse

So MM you are basically 1-trick idoit keep posting then delete and then keep reposting your 1 lie over and over again and hoping that with repeat posting of lie it will become truth

Posted by UlarSawa > 2022-09-04 17:04 |

Post removed.Why?

Posted by UlarSawa > 2022-09-04 17:05 | Report Abuse

You mean no profit izzit. Then debt increased mean loss lah. Haiyoh. Correct?


qqq3333

Ular...
Volume same price double surely both receivables and payables double la

38 seconds ago

Posted by i3lurker > 2022-09-04 17:06 |

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Posted by UlarSawa > 2022-09-04 17:10 |

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Posted by i3lurker > 2022-09-04 17:12 |

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Posted by UlarSawa > 2022-09-04 17:12 | Report Abuse

Now many not happy you post delete post delete lah. Tak perasan ke. At least rephrase it dont look the same lah. Haiyoh. Correct?


MoneyMakers

Aiyoyo i3lurker u angry i expose ur BS issit kikiki

7 seconds ago

Posted by Sslee > 2022-09-04 17:15 | Report Abuse

Stockraider is right, the other receivables and prepayment + derivaties assets is to cover the derivaties liabilities.

The inventories+ trade recivables + bank deposits currently cover most of trade payables and borrowings.

Hopefully with another good H2. The inventories+ trade recivables + bank deposits should be able to cover all the trade payables and borrowings.

Posted by UlarSawa > 2022-09-04 17:15 | Report Abuse

All also blow water mah. Same like you at bungaraya blowing the biggest trumpet. Explosive QR with 3 sen divvy and will limit up. You see ada limit up or not. Ada announce divvy 3 sen or not. Haiyoh. Correct?



MoneyMakers

This weekend i3lurker try pretend as economist + oil trader + geopolitical expert

But dont have basic knowledge to be either 1 kikiki

Just blow&blow&blow kikiki

25 seconds ago

Posted by Mikecyc > 2022-09-04 17:20 |

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Posted by UlarSawa > 2022-09-04 17:27 |

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Posted by UlarSawa > 2022-09-04 17:28 | Report Abuse

Not very happy when you attack ular punya sifu mah. Openly told you mah. Haiyoh. Correct?

MoneyMakers

Aiyoyo Ular why u soo bitter about my Hib??

I start promote Hib since 80sen..everyone made money

Even tho Hib never limit-up 1day, Hib went above 1.04 (basically limit-up also)

1 minute ago

Posted by Mikecyc > 2022-09-04 17:28 |

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Posted by UlarSawa > 2022-09-04 17:30 |

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Posted by UlarSawa > 2022-09-04 17:34 | Report Abuse

Ok ok. Ular put your TP 4.49 lah. Boleh?

Posted by Mikecyc > 2022-09-04 17:34 |

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