HENGYUAN REFINING COMPANY BERHAD

KLSE (MYR): HENGYUAN (4324)

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Last Price

2.39

Today's Change

-0.01 (0.42%)

Day's Change

2.38 - 2.42

Trading Volume

737,900


33 people like this.

123,785 comment(s). Last comment by kebling98 35 minutes ago

UlarSawa

35,552 posts

Posted by UlarSawa > 2022-09-12 20:54 | Report Abuse

Ular wondering leh. Borrow money also can say until very good kah. Lagi mau limit up kah. Wei. Can afford to pay the debt no need to get loan lah. What so happy the company getting loan to pay old loan leh. Everyone talking about cash rich company leh. Not high debt lah. Need to pay interest one leh . Not even kira repayment of loan leh. Why you all so happy about leh. Haiyoh. Correct?

UlarSawa

35,552 posts

Posted by UlarSawa > 2022-09-12 20:56 | Report Abuse

You very good penkritik leh. Can think of such word leh. Buyer
exhausted by penkritik. lol. Haiyoh.. Correct?

qqq3333

y miracle_trader > 16 minutes ago | Report Abuse

hengyuan will indeed fly soon. experience trader can see that, seller have exhausted.
==========================================

sellers exhausted................buyers also exhausted by all the penkritic.

1 minute ago

Zhuge_Liang

2,384 posts

Posted by Zhuge_Liang > 2022-09-12 20:57 |

Post removed.Why?

BobAxelrod

8,255 posts

Posted by BobAxelrod > 2022-09-12 20:59 |

Post removed.Why?

UlarSawa

35,552 posts

Posted by UlarSawa > 2022-09-12 21:00 | Report Abuse

What so happy if the company want to borrow 5bil leh. If the company generate 5bil profit baru kira good news leh. Why you terbalik thinking one leh. Get more loan means better kah. Ini mana sekolah teach one leh. If cannot service it later how. 5 000 000 000.00 leh. 9 zero behind leh. Haiyoh. Correct?

Posted by Ahahah > 14 seconds ago | Report Abuse

Well done Hengyuan BOD to raise 5 b bond. Pmetal only manage to get 1b bond, that already consider very good company.

10 minutes ago

Zhuge_Liang

2,384 posts

Posted by Zhuge_Liang > 2022-09-12 21:01 | Report Abuse

Is Hengyuan a holland stock ?
Let a few naysayers clarified themselves.
90% of traders lost money in KLSE, they do not have the patience to wait.

Posted by niktraderinvestor > 2022-09-12 21:02 | Report Abuse

Hahahahahahahaha

Zhuge_Liang

2,384 posts

Posted by Zhuge_Liang > 2022-09-12 21:05 | Report Abuse

Do not know whether it is a coincident or not, every time KYY talks bad about Hengyuan, a good news will appear to help the share price of Hengyuan to move up north.
When KYY said Hengyuan is a sell, it means you must buy.

sharemarket21

1,894 posts

Posted by sharemarket21 > 2022-09-12 21:05 | Report Abuse

Any quick and short term spike warrants liquidation if there's money to be made. Earlier news failed to lift a reasonable landing, what is more certain good published news carries potential risk as well. Forward looking. SELLing is the trend for now if you have invested or not keen anymore.

UlarSawa

35,552 posts

Posted by UlarSawa > 2022-09-12 21:06 | Report Abuse

You pun takda patient lah. Want to be millionaire again in 2022 leh. Left 3 1/2 mths only leh. No wonder keep kpkb at here leh. Haiyoh. Correct?


Zhuge_Liang

Is Hengyuan a holland stock ?
Let a few naysayers clarified themselves.
90% of traders lost money in KLSE, they do not have the patience to wait.

3 minutes ago

Ahahah

453 posts

Posted by Ahahah > 2022-09-12 21:06 | Report Abuse

@UlarSawa, if they can raise 5 bil bond, that mean all bankers already help us to do due diligence.

BobAxelrod

8,255 posts

Posted by BobAxelrod > 2022-09-12 21:06 | Report Abuse

Christmas is indeed early this year.....hahahaha......
TAYOR

Zhuge_Liang

2,384 posts

Posted by Zhuge_Liang > 2022-09-12 21:08 |

Post removed.Why?

BobAxelrod

8,255 posts

Posted by BobAxelrod > 2022-09-12 21:08 | Report Abuse

Brothers in arms.....Money for nothing, chicks for Free......

UlarSawa

35,552 posts

Posted by UlarSawa > 2022-09-12 21:08 | Report Abuse

You means earning rm2.22 cannot limit up. Now new loan make it limit down izzit. Many at here celebrating the new loan as good news and expect it to limit up leh. Haiyoh. Correct?

sharemarket21

Any quick and short term spike warrants liquidation if there's money to be made. Earlier news failed to lift a reasonable landing, what is more certain good published news carries potential risk as well. Forward looking. SELLing is the trend for now if you have invested or not keen anymore.

37 seconds ago

Ahahah

453 posts

Posted by Ahahah > 2022-09-12 21:09 | Report Abuse

Also thanks uncle K, then we have chance to buy at this price.

UlarSawa

35,552 posts

Posted by UlarSawa > 2022-09-12 21:10 | Report Abuse

2020 past tense leh. Still not millionaire lagi meh. Haiyoh. Correct?

Zhuge_Liang

Posted by BobAxelrod > 2 minutes ago | Report Abuse

Christmas is indeed early this year.....hahahaha......
Already eyeing that BM EV... or .....
----------
Good news to hear from you.
I still prefer Hengyuan share able to make me a millionaire again in 2020.

36 seconds ago

BobAxelrod

8,255 posts

Posted by BobAxelrod > 2022-09-12 21:10 | Report Abuse

Zhuge...you need a new watch. This is 2022....hehehe

UlarSawa

35,552 posts

Posted by UlarSawa > 2022-09-12 21:10 | Report Abuse

Uncle Koon horsim you thank him. Not bad leh. Haiyoh. Correct?

Ahahah

Also thanks uncle K, then we have chance to buy at this price.

39 seconds ago

probability

14,463 posts

Posted by probability > 2022-09-12 21:12 | Report Abuse

https://home.kpmg/de/en/home/insights/2020/10/super-contange-crude-oil.html

COST OF HEDGING RESERVE - IFRS 9 (WHY IT CAME ABOUT)

Fair value hedge accounting and volatilities from inventory valuation. Price volatility on the commodity markets creates both opportunities and risks when trading or procuring commodities.

For companies in industries that are commodity-intensive or in commodity trading that according to IAS 2 are defined as "broker-traders" and that measure their inventories at fair value, price volatility causes the consolidated net income to become highly volatile. These volatilities arise from the fact that both inventories and derivative financial instruments (e.g. futures, forward contracts) must be recognized at fair value.

Inventories are measured at spot prices, whereas the fair value of derivative financial instruments is determined by the respective forward rate.

Even if a company procured its inventory at a "moderate" price, the market situation in the wake of Covid led to MASSIVE VALUE CHANGES DUE TO THE SHARP DROP IN SPOT PRICES in the inventory. As a result of the "broker-trader" rule, the inventory valuation resulted in a significant expense entry in the income statement.

Given the LARGE DIFFERENCES between the SPORT and FORWARD rates, the desired compensatory effect of existing financial hedging with futures or forward contracts mitigated volatility on the income statement only so much.

This begs the question of whether companies subject to the "broker-trader" rule could have mitigated their income statement volatility better by using fair value hedge accounting.

Employing fair value hedge accounting with a spot designation and simultaneously applying the cost-of-hedging approach means that the value changes of the spot component of the hedged item and the hedging instrument offset each other (ceteris paribus) for the duration of the inventory hedge.

In contrast, changes in the forward component are recognized in Other Comprehensive Income II under the cost of hedging approach and reclassified to the income statement over the duration of the hedging relationship (so-called cost-of-hedging approach; see IFRS 9.B6.5.29 et seq.)

This leads to a "smoothing" of the income statement over the term of the hedge, particularly for long-term hedging relationships, while significant changes in the forward component's value are not directly reflected in the income statement.

.....

Any of you giving weightage to the Cost of Hedging reserve reported on HY financial report, take note on the above.

BobAxelrod

8,255 posts

Posted by BobAxelrod > 2022-09-12 21:13 |

Post removed.Why?

BobAxelrod

8,255 posts

Posted by BobAxelrod > 2022-09-12 21:14 | Report Abuse

Our lovely Bankers have already scrutinised their Accounts under the microscope.......

BobAxelrod

8,255 posts

Posted by BobAxelrod > 2022-09-12 21:15 | Report Abuse

And they came out with flying colors...........

BobAxelrod

8,255 posts

Posted by BobAxelrod > 2022-09-12 21:16 | Report Abuse

This is 5,000 millions.......not 5 millions only.

BobAxelrod

8,255 posts

Posted by BobAxelrod > 2022-09-12 21:17 |

Post removed.Why?

Ahahah

453 posts

Posted by Ahahah > 2022-09-12 21:17 | Report Abuse

MM old recorder broken. Keep on repeat the same and never go to find out and understand more.

BobAxelrod

8,255 posts

Posted by BobAxelrod > 2022-09-12 21:24 | Report Abuse

Someone said when it rains, it pours? And MM's banker has just collected back their umbrella...you know the saying, when going get bad, bankers want back their umbrellas??

BUT OFFERED 5 BILLIONS TO HENGYUAN....hahaha

BobAxelrod

8,255 posts

Posted by BobAxelrod > 2022-09-12 21:28 |

Post removed.Why?

BobAxelrod

8,255 posts

Posted by BobAxelrod > 2022-09-12 21:29 |

Post removed.Why?

kebling98

314 posts

Posted by kebling98 > 2022-09-12 21:32 | Report Abuse

Haiyoh why so complicated
Q2
Your friend Heng Heng have 3 stocks
Stock A , buy sell buy sell making profit 1000
Stock B sells, lose. 400
Stock C ,accumulated, buy more , no sell, paper loss 1000

Q3 part of stock C upgrade to B
Stock A buy sell buy sell, make 100 only this time
Stock B sells, make profit 500
Stock C accumulated, buy only, paper gains 1000

Very simple story lah, up to you want to believe or not loh

BobAxelrod

8,255 posts

Posted by BobAxelrod > 2022-09-12 21:32 |

Post removed.Why?

BobAxelrod

8,255 posts

Posted by BobAxelrod > 2022-09-12 21:38 | Report Abuse

Good night, boys and girls......Mr Eric Clapton........Wonderful tonight...... have a good sleep and see ya bright and early tomorrow ya.

https://www.youtube.com/watch?v=UprwkbzUX6g

BobAxelrod

8,255 posts

Posted by BobAxelrod > 2022-09-12 21:40 | Report Abuse

BTW
FYI
PS
PS2
Across EU...all green
DJ is +100 Green
Oil is up +1.70

yahoooooooooo!

UlarSawa

35,552 posts

Posted by UlarSawa > 2022-09-12 21:49 | Report Abuse

Esok ular predict red leh. So this loan matter is bad news lah. Anyone not agree one. Pls raise your hand. Ular play big small only. Tomolo open small lah. Boleh?

kebling98

314 posts

Posted by kebling98 > 2022-09-12 21:49 | Report Abuse

MRO 26.60
VLO tade at 114 both close to 5 years high
Hengheng share price following us oil stocks one , just a bit lagged
VLO business model is similar to Hengheng
They do hedging as well lah

Posted by niktraderinvestor > 2022-09-12 21:51 | Report Abuse

Hahahahahahahaha

UlarSawa

35,552 posts

Posted by UlarSawa > 2022-09-12 21:56 | Report Abuse

Wei limited down not limit down leh. If limit down pecah rm4.20 leh. Then how. Ular will become part time promoter again leh. Haiyoh. Correct?


MoneyMakers

Now HY want borrow 5B somemore (via bought deal or private placement)

Limit down lo tomorrow

5 minutes ago

BoomBerg

812 posts

Posted by BoomBerg > 2022-09-12 21:59 |

Post removed.Why?

UlarSawa

35,552 posts

Posted by UlarSawa > 2022-09-12 22:00 | Report Abuse

Ya lah. Getting new revolving credit facility at higher interest rate sure bad new lah. Somemore 4/5 in USD denominated loan leh. High interest rate leh. Exch rate exposure lagi leh. Why HY like to gamble one leh. Gamble future USD will drop izzit. Haiyoh. Correct?



Acceptance of multi-currency revolving credit (“RC”) facilities comprising of (i) USD RC facility of up to USD235.0 million and (ii) MYR RC facility of up to RM250.0 million offered by AmBank (M) Berhad, China Construction Bank Corporation, Labuan Branch and Malayan Banking Berhad.



qqq3333

Tomorrow same as today la...next to zero volume

5 minutes ago

BoomBerg

812 posts

Posted by BoomBerg > 2022-09-12 22:00 |

Post removed.Why?

UlarSawa

35,552 posts

Posted by UlarSawa > 2022-09-12 22:04 | Report Abuse

Ya kah. Saham naik turun is part of judi lah. You cannot afford to lose then dont judi lah
Y ou curse ppl one very nice meh. Jaga lah sikit mulut tu. Ular can post mah. You also can post mah. You lose money is Ular punya problem kah. Not mah. You sendiri mau judi mah. Ular ada paksa lu judi kah. Takda leh. Haiyoh. Correct?


BoomBerg

Ularsawa mulut Macam ciiibaiii

1 minute ago

UlarSawa

35,552 posts

Posted by UlarSawa > 2022-09-12 22:06 | Report Abuse

Ular wondering why takda orang complained the Cafe Boss punya macai one leh. Their mulut very polite kah. Ada ini macam kah. Dun act macam double standard leh. Haiyoh. Correct?

BoomBerg

812 posts

Posted by BoomBerg > 2022-09-12 22:08 |

Post removed.Why?

UlarSawa

35,552 posts

Posted by UlarSawa > 2022-09-12 22:08 | Report Abuse

Still Ular predict tomolo red lah. You cannot change Ular want to predict red leh. Why leh. Bcos bad news mah. All talked macam very good news getting more loan kah. Mana sekolah punya leh. Mana sifu teach one like this kah. Bad news lagi cakap good news kah. Haiyoh. Correct?

sharemarket21

1,894 posts

Posted by sharemarket21 > 2022-09-12 22:09 | Report Abuse

Overall Bursa low value and stock thin volume. This news might be positive to some but can be construed as potential risk associated even just for the first year. Non rating bonds and tenure releasing in tranches subject to industrial environment and conditions. Cash out if there is indeed a mini spike but if the other way round, it's time to squeeze harder for a decent and comfort entry level.

UlarSawa

35,552 posts

Posted by UlarSawa > 2022-09-12 22:10 |

Post removed.Why?

UlarSawa

35,552 posts

Posted by UlarSawa > 2022-09-12 22:14 | Report Abuse

Not happy kah. Not happy also non of Ular problem lah. You not happy harga turun izzit. Then you buy more lah. Simple mah. Buy more drop more buy more until it stop drop lah. Then wait next QR ada see explosive QR or not lah. Not good meh. Ada discounted price lagi mau complained. Chase higher higher then tersangkut. Apa lagi lu mau lah. Haiyoh. Correct?

Sharewire

240 posts

Posted by Sharewire > 2022-09-12 22:34 | Report Abuse

Moneymakes you are fired
Why ?
Oil shoot up uncontrol
Oh shit

Sharewire

240 posts

Posted by Sharewire > 2022-09-12 22:35 | Report Abuse

Tomorow break kyy heart as hengyuan sail away but he will chase as always.

UlarSawa

35,552 posts

Posted by UlarSawa > 2022-09-12 22:44 | Report Abuse

Uncle Koon sold much higher and no more saham lah. Can sleep well than many at here ones everyday pun dry dry lagi lah. How to break his heart lah. Haiyoh. Correct?


Sharewire

Tomorow break kyy heart as hengyuan sail away but he will chase as always.

6 minutes ago

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