MM and JJ This is what I tell in Petronm forum so mark my words.
Wait until Petron Corp (parent company of petronm) release the Q3 result then I can work from the PAT attributable to non controlling interest to get the Petronm Q3 PAT.
As of HRC since HRC already hedged the refining margin forward for many months till end of year and beyound hence HRC PBT H2 should be at least same as H1.
But Petronm did not hedged their refining margin so much, everything will still depend on what will be refining margin ( petrol, diesel and jet fuel) crack spread moving forward
SsLee, can HYuan management clarify on the hedging loss provision and make announcement. ?? I believe this is the reason many sceptical on good eps since derivative loss is taken to be negative to the good profit announced. Whatever it is Probability explanation is good to allay the retailers fears. Price is very undervalued since in Q3, with crack spread hedged at 12 Usd for 18 mil barrels , should give a handsome profit since present crack spread below 10 Usd.
I am not even a HRC shareholder during the last AGM. I will be a shareholder come next AGM and will send my submitted in advance questions for the AGM.
At current stage I do not have any contact with HRC management.
One of the misinformation is crack spread is Loss Now. What that statement mean? Is he refer to diesel, mogas92 or jet fuel crack spread?
One of the fearmogering with deliberate fake information and repeat it again and again
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
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Sslee
7,400 posts
Posted by Sslee > 2022-09-05 13:57 | Report Abuse
My C24 already at no cost to me because I already sold some to get back my capital.
The C26 not yet sold any still book loss.