Posted by Mikecyc > 2022-09-08 06:24 |

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Posted by Mikecyc > 2022-09-08 06:29 | Report Abuse

Currency in USD
Date Open High Low Close* Adj Close** Volume

Sep 01, 2022 88.83 90.39 85.98 86.88 86.88 860,172

Aug 01, 2022 98.46 98.65 85.73 89.55 89.55 6,941,741

Jul 01, 2022 106.01 111.45 90.56 98.62 98.62 6,442,224

Jun 01, 2022 115.40 123.68 101.53 105.76 105.76 6,646,137

Apr 01, 2022 101.23 109.81 92.93 104.69 104.69 5,669,971

Mar 01, 2022 96.09 130.50 93.53 100.28 100.28 9,128,833

Feb 01, 2022 88.15 100.54 86.55 95.72 95.72 9,108,602

Jan 01, 2022 75.69 88.84 74.27 88.15 88.15 8,385,229

Dec 01, 2021 67.01 77.44 62.43 75.21 75.21 7,853,281

Nov 01, 2021 83.36 84.97 64.43 66.18 66.18 10,364,108

Oct 01, 2021 75.12 85.41 74.23 83.57 83.57 9,725,158

Sep 01, 2021 68.55 76.67 67.12 75.03 75.03 8,102,078

Jul 01, 2021 73.50 76.98 65.21 73.95 73.95 8,643,164

Jun 01, 2021 66.68 74.45 66.41 73.47 73.47 8,261,945

May 01, 2021 63.64 67.52 61.56 66.32 66.32 8,001,095

Apr 01, 2021 59.49 65.47 57.63 63.58 63.58 8,438,272

Mar 01, 2021 61.95 67.98 57.25 59.16 59.16 10,167,951

Feb 01, 2021 51.99 63.81 51.64 61.50 61.50 8,065,615

Jan 01, 2021 48.40 53.93 47.18 52.20 52.20 7,574,920

Posted by Mikecyc > 2022-09-08 06:36 |

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Posted by Mikecyc > 2022-09-08 06:40 |

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Posted by Mikecyc > 2022-09-08 06:42 |

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Posted by Mikecyc > 2022-09-08 06:44 |

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Posted by Vicky > 2022-09-08 07:14 | Report Abuse

Gd morning. As discussed oil will extend sell down due to massive drop and fear of recession.

Posted by Sslee > 2022-09-08 07:27 | Report Abuse

2021 annual report page 132

Cash flow hedge reserve and cost of hedging reserve:

The cash flow hedge reserve is used to record gains and losses on derivatives that are designated and qualify as cash flow hedges and that are recognised in other comprehensive income. Amounts are reclassified to profit or loss when the associated hedged transaction affects profit or loss.

The cost of hedging is seen as cost of achieving the risk mitigation inherent in the hedge. It is incurred to protect the Company against unfavourable changes in price. The changes in the cost of hedging is initially recognised in other comprehensive income and removed from equity and recognised in profit or loss in the same period that the hedged cash flows affect profit or loss.

Cash flow hedge reserve: Cost of hedging reserve
RM’000 RM’000
2021
At 1 January 49,552 (2,210)
Interest rate swap contracts 62 -
Refining margin swap contracts (221,173) (79,563)
Recycled to profit or loss, included in finance cost 9,069 -
Recycled to profit or loss, included in purchases 45,445 -
Deferred tax 39,982 19,095
At 31 December (77,063) (62,678)

2020
At 1 January 175,346 (34,059)
Interest rate swap contracts (11,042) -
Refining margin swap contracts 659,613 41,906
Recycled to profit or loss, included in finance cost (Note 8) 8,426 -
Recycled to profit or loss, included in purchases (823,935) -
Deferred tax 41,144 (10,057)
At 31 December 49,552 (2,210)

Posted by steven223838 > 2022-09-08 07:44 | Report Abuse

RM4.5 or below is definitely a good buy .

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

as predicted, Diesel Crack exploded to 55 USD/brl...

https://www.tradingview.com/symbols/NYMEX-GZ1!/

Posted by probability > 2022-09-08 08:05 | Report Abuse

Jet fuel, crack spread jumped to 41 USD/brl..

https://www.tradingview.com/symbols/NYMEX-ASD1!/

Posted by tehka > 2022-09-08 08:12 | Report Abuse

Crack up by a lot. Crude oil down by a lot. US market up by a lot.
All this good for Hengyuan.
But many people only think crude oil down means sell Hengyuan.

Posted by Sslee > 2022-09-08 08:15 | Report Abuse

Please allow me to repeat again:

The changes in the cost of hedging is initially recognised in other comprehensive income and removed from equity and recognised in profit or loss in the same period that the hedged cash flows affect profit or loss.

So tell me if you hedge the refining margin at USD 12-20 per barrel from month july onward till maybe beyond 2022 up to 2023

So when Q2 end 30/06/2022 the spot month and future month refining margin is now at USD 30-25 per barrel.
How you going to capture this unrealised loss in your Q2 account? Is this unrealised loss a great concerned?

Posted by Vicky > 2022-09-08 08:19 | Report Abuse

Embrace impact on slowing economy to battle inflation by Fed and demand for oil vanishes.

Posted by UlarSawa > 2022-09-08 08:25 |

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Posted by UlarSawa > 2022-09-08 08:27 | Report Abuse

Thats why Oil price drop so much lah. Refined oil also will drop kah. Why no one talking facts anymore kah. Haiyoh. Correct?


Vicky

Embrace impact on slowing economy to battle inflation by Fed and demand for oil vanishes.

6 minutes ago

Posted by UlarSawa > 2022-09-08 08:29 | Report Abuse

Why kaki pendek so clever. Then kaki panjang bodoh kah. Haiyoh. Correct?

Income

Hello Kaki Pendek, you are very clever. Many people thought when crude oil prices came down is not good for HY. But they don’t know that the cracks margins are good.

11 minutes ago

Posted by UlarSawa > 2022-09-08 08:30 |

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Posted by UlarSawa > 2022-09-08 08:33 | Report Abuse

Oil price drop is good for refinery then oil price drop bcos of demand drop leh. Then refined products demand increase kah. Refinery volume ada increase or reduce. Ular very confuse leh. Why like this kira kah. Haiyoh. Correct?

Posted by UlarSawa > 2022-09-08 08:35 | Report Abuse

Ular OKU leh. Very hard yo digest all the facts n figures leh. Maybe need to attend nite classes baru can catch up all the facts n figures leh. Common sense not enuf leh. Haiyoh. Correct?

Posted by UlarSawa > 2022-09-08 08:38 | Report Abuse

Someone at here cakap oil price higher better leh. Someone at here cakap oil price lower better leh. So siapa is correct can make the HY price up leh. Ular pun dunno leh. Haiyoh. Correct?

Posted by Sslee > 2022-09-08 08:41 | Report Abuse

Ular,
I am asking two questions for people to think.

The changes in the cost of hedging is initially recognised in other comprehensive income and removed from equity and recognised in profit or loss in the same period that the hedged cash flows affect profit or loss.

So tell me if you hedge the refining margin at USD 12-20 per barrel from month july onward till maybe beyond 2022 up to 2023

So when Q2 end 30/06/2022 the spot month and future month refining margin is now at USD 30-25 per barrel.
How you going to capture this unrealised loss in your Q2 account?
Is this unrealised loss a great concerned?

Posted by UlarSawa > 2022-09-08 08:42 | Report Abuse

Someone still can TP HY skyhigh with higher PE but why HY only allowed lower PE leh. Dont they know HY dont command higher PE meh. Why want to mislead the public with facts n figures that can get higher PE padahal HY will never get higher PE leh. Haiyoh. Correct?

Posted by UlarSawa > 2022-09-08 08:43 | Report Abuse

Not many kakijudi are so educated leh. Macam Ular OKU alot leh. Haiyoh. Correct?


Ular,
I am asking two questions for people to think.

Posted by Sslee > 2022-09-08 08:44 | Report Abuse

Ular when Russia shut of the gas to EU. The replacement for gas is heating oil/diesel hence price of heating oil/diesel increase.

Posted by SinGor > 2022-09-08 08:48 | Report Abuse

UlarSawa
Someone at here cakap oil price higher better leh. Someone at here cakap oil price lower better leh. So siapa is correct can make the HY price up leh.
________________________

I am Right the perfect Guru And the Seller of Major Banana Leaf Underwear Brand.
Ular in major scare scenario. No worry my Banana Leaf fresh from Tree is perfect
protection from all angles

Posted by UlarSawa > 2022-09-08 08:49 | Report Abuse

Ular not against the promoters but not agree with such promotion as HY is very easily cornered ctr due to low volume of shares available leh. Those want to chase high must remember thats no free lunch one leh. Need to work hard for your own lunch leh. So mau panlai panlai sikit judi leh. Your money are hard earned money not like those ada easy money one leh. Haiyoh. Correct?

Posted by UlarSawa > 2022-09-08 08:51 | Report Abuse

Thats why ular only left banana leaf to cover leh. Dont cakap ular naked like you also said at Taikor leh. Haiyoh. Correct?


SinGor



UlarSawa
Someone at here cakap oil price higher better leh. Someone at here cakap oil price lower better leh. So siapa is correct can make the HY price up leh.
________________________

I am Right the perfect Guru And the Seller of Major Banana Leaf Underwear Brand.
Ular in major scare scenario. No worry my Banana Leaf fresh from Tree is perfect
protection from all angles

1 minute ago

Posted by Mikecyc > 2022-09-08 08:51 |

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Posted by tehka > 2022-09-08 08:53 | Report Abuse

Dear ular, crude oil down means refinery can buy bahan mentah at cheaper price, but crack up means that the harga barang jual still high mah! So buy cheap cheap, proses, then sell high high mah

Posted by Mikecyc > 2022-09-08 08:53 |

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Posted by Sslee > 2022-09-08 08:54 | Report Abuse

Ular,
In normal time the refining margin is only a poor sigle digit and on and off when hurricane knocked down big refineries then refining margin will splke up. Thus i3lurker advise refinery PE should be only 5 to 6. Hence I adjusted my TP to PE 5.5.

Currently is unnormal time due to Ukraine war and EU impending boycott on Russia oil and refining products that cause the refining margin to maintain at high level especially the diesel crack spread.

Posted by MoneyMakersDieFather > 2022-09-08 08:56 | Report Abuse

1] MoneyMakers BAPA sudah mati. Sebab MoneyMakers kasi viakra mahu KONG kee lama lama.
2] Ini pagi TA DA kerja itu MoneyMakers sebab mahu urus itu HAM KA ch arn
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4] MoneyMakers sila keluar buat bising bila loo punya BAPA massuk keranda.

Posted by MoneyMakersDieFather > 2022-09-08 08:56 | Report Abuse

MoneyMakersDieFather

1] MoneyMakers BAPA sudah mati. Sebab MoneyMakers kasi viakra mahu KONG kee lama lama.
2] Ini pagi TA DA kerja itu MoneyMakers sebab mahu urus itu HAM KA ch arn
3]qqq3333 bolih tolong bagi dia punya bapa bagi MoneyMakers kong kek sebab dia pu ki ga tai.
4] MoneyMakers sila keluar buat bising bila loo punya BAPA massuk keranda.

Posted by UlarSawa > 2022-09-08 08:56 |

Post removed.Why?

Posted by MoneyMakersDieFather > 2022-09-08 08:56 | Report Abuse

MoneyMakersDieFather

1] MoneyMakers BAPA sudah mati. Sebab MoneyMakers kasi viakra mahu KONG kee lama lama.
2] Ini pagi TA DA kerja itu MoneyMakers sebab mahu urus itu HAM KA ch arn
3]qqq3333 bolih tolong bagi dia punya bapa bagi MoneyMakers kong kek sebab dia pu ki ga tai.
4] MoneyMakers sila keluar buat bising bila loo punya BAPA massuk keranda.

Posted by Vicky > 2022-09-08 08:56 | Report Abuse

Reduce oil holdings for any rebound. Support broken at USD90. Next support to be broken is USD85.

Posted by MoneyMakersDieFather > 2022-09-08 08:56 | Report Abuse

MoneyMakersDieFather

1] MoneyMakers BAPA sudah mati. Sebab MoneyMakers kasi viakra mahu KONG kee lama lama.
2] Ini pagi TA DA kerja itu MoneyMakers sebab mahu urus itu HAM KA ch arn
3]qqq3333 bolih tolong bagi dia punya bapa bagi MoneyMakers kong kek sebab dia pu ki ga tai.
4] MoneyMakers sila keluar buat bising bila loo punya BAPA massuk keranda.

Posted by MoneyMakersDieFather > 2022-09-08 08:57 | Report Abuse

MoneyMakersDieFather

1] MoneyMakers BAPA sudah mati. Sebab MoneyMakers kasi viakra mahu KONG kee lama lama.
2] Ini pagi TA DA kerja itu MoneyMakers sebab mahu urus itu HAM KA ch arn
3]qqq3333 bolih tolong bagi dia punya bapa bagi MoneyMakers kong kek sebab dia pu ki ga tai.
4] MoneyMakers sila keluar buat bising bila loo punya BAPA massuk keranda.

Posted by MoneyMakersDieFather > 2022-09-08 08:57 | Report Abuse

MoneyMakersDieFather

1] MoneyMakers BAPA sudah mati. Sebab MoneyMakers kasi viakra mahu KONG kee lama lama.
2] Ini pagi TA DA kerja itu MoneyMakers sebab mahu urus itu HAM KA ch arn
3]qqq3333 bolih tolong bagi dia punya bapa bagi MoneyMakers kong kek sebab dia pu ki ga tai.
4] MoneyMakers sila keluar buat bising bila loo punya BAPA massuk keranda.

Posted by MoneyMakersDieFather > 2022-09-08 08:57 | Report Abuse

MoneyMakersDieFather

1] MoneyMakers BAPA sudah mati. Sebab MoneyMakers kasi viakra mahu KONG kee lama lama.
2] Ini pagi TA DA kerja itu MoneyMakers sebab mahu urus itu HAM KA ch arn
3]qqq3333 bolih tolong bagi dia punya bapa bagi MoneyMakers kong kek sebab dia pu ki ga tai.
4] MoneyMakers sila keluar buat bising bila loo punya BAPA massuk keranda.

Posted by MoneyMakersDieFather > 2022-09-08 08:57 | Report Abuse

MoneyMakersDieFather

1] MoneyMakers BAPA sudah mati. Sebab MoneyMakers kasi viakra mahu KONG kee lama lama.
2] Ini pagi TA DA kerja itu MoneyMakers sebab mahu urus itu HAM KA ch arn
3]qqq3333 bolih tolong bagi dia punya bapa bagi MoneyMakers kong kek sebab dia pu ki ga tai.
4] MoneyMakers sila keluar buat bising bila loo punya BAPA massuk keranda.

Posted by Vicky > 2022-09-08 08:57 | Report Abuse

Oil expect to plunge further when Fed deliver another huge rate hikes to battle inflation. Slowing oil demand is inevitable

Posted by UlarSawa > 2022-09-08 08:59 |

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Posted by Mikecyc > 2022-09-08 08:59 |

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Posted by tehka > 2022-09-08 09:00 | Report Abuse

In other words, got a lot of bahan mentah, but not enough kilang to convert the bahan mentah to diesel, so diesel still high loh! Sorry my economic also oku. Ular correct me if I am wrong

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

The US rate hike to fight inflation will cause recession hence all comodities price is on the downtrend. But people and industries still need diesel to replace gas for heating and energy

Posted by Zhuge_Liang > 2022-09-08 09:08 |

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Posted by Mikecyc > 2022-09-08 09:09 |

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Posted by sharemarket21 > 2022-09-08 09:12 | Report Abuse

Getting into this stock and sector, either way it will get punished in long run despite whatever results coming out next. The hype is over for the time being as consolidating has begun. Let's observe the next entry point closely for another mini spike if any.