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.

123,784 comment(s). Last comment by yongyong88 11 hours ago

BobAxelrod

8,255 posts

Posted by BobAxelrod > 2022-09-20 11:20 | Report Abuse

Oh yeah, Secretary loves to sharpen pencils to write on Application documents......hehehehe

Sslee

5,587 posts

Posted by Sslee > 2022-09-20 11:21 | Report Abuse

Posted by qqq3333 > Sep 20, 2022 11:12 AM | Report Abuse
facts and figures cannot overcome trend

qqq3,
I rather proven right and earn less than proven wrong and earn a lot.

sharemarket21

1,894 posts

Posted by sharemarket21 > 2022-09-20 11:21 | Report Abuse

Should have not bought post jackpot surge, post QR result and even the recent post neutral bond announcement. The sign was clear it is under consolidating phase. It's judgement day at least for the day. Some spammers and scammers need to be bashed here.

UlarSawa

35,552 posts

Posted by UlarSawa > 2022-09-20 11:21 | Report Abuse

But many cases in bursa after get the money and the money hilang leh. Haiyoh. Correct?


BobAxelrod

You belum tau "Money makes money" meh????

2 minutes ago

BobAxelrod

8,255 posts

Posted by BobAxelrod > 2022-09-20 11:21 |

Post removed.Why?

BobAxelrod

8,255 posts

Posted by BobAxelrod > 2022-09-20 11:22 | Report Abuse

Usually, the torchlight only shine and try to find the money after 3-5 years....Ular still around here ke?

UlarSawa

35,552 posts

Posted by UlarSawa > 2022-09-20 11:22 | Report Abuse

You cant stop promoters frim promoting leh. This is their right leh. Haiyoh. Correct?

sharemarket21

Should have not bought post jackpot surge, post QR result and even the recent post neutral bond announcement. The sign was clear it is under consolidating phase. It's judgement day at least for the day. Some spammers and scammers need to be bashed here.

13 seconds ago

sharemarket21

1,894 posts

Posted by sharemarket21 > 2022-09-20 11:24 | Report Abuse

Genuine promoters and scammers and spammers are two different things. Bash all you want in this slight better quality room now.

UlarSawa

35,552 posts

Posted by UlarSawa > 2022-09-20 11:24 | Report Abuse

Thats why many company cannot pay back then declare banklap leh. Then talk with bond holders mau haircut leh. Pay you 10% of the value. You want or not. Macam scammer leh. Haiyoh. Correct?

BobAxelrod

Aiyoooh, Loans are back solid with assets lor..........Bonds no need assets mah.....

1 minute ago


BobAxelrod

Aiyoooh, Loans are back solid with assets lor..........Bonds no need assets mah.....

1 minute ago

UlarSawa

35,552 posts

Posted by UlarSawa > 2022-09-20 11:26 | Report Abuse

This week ex divvy very close already should be rm3.00 not rm4.00 leh. You TP you chgd kah. Haiyoh. Correct?


MoneyMakers

Walao HY bloodbath continues (almost 30% collapse since QR week)

Wouldnt be surprised see HY collapse to rm4 this week

10 seconds ago

UlarSawa

35,552 posts

Posted by UlarSawa > 2022-09-20 11:28 | Report Abuse

Ular no judi leh. 3 to 5 yrs maybe not at here lah. Unless ada another millionaire in the making again lah. Haiyoh. Correct?


BobAxelrod

Usually, the torchlight only shine and try to find the money after 3-5 years....Ular still around here ke?

3 minutes ago

BobAxelrod

8,255 posts

Posted by BobAxelrod > 2022-09-20 11:29 | Report Abuse

You've just answered your own question on the Bonds......

sharemarket21

1,894 posts

Posted by sharemarket21 > 2022-09-20 11:46 | Report Abuse

Should have sold even the recent spike dude. Why keep scamming and now have to hide in different ID to cuss in this noble room.

Jerichomy

4,346 posts

Posted by Jerichomy > 2022-09-20 11:53 | Report Abuse

Test21

Jerichomy

4,346 posts

Posted by Jerichomy > 2022-09-20 11:54 | Report Abuse

Finally i come bek after kena ban again for whole day

sharemarket21

1,894 posts

Posted by sharemarket21 > 2022-09-20 12:02 | Report Abuse

You sounds like one of the commenter and looks like educated as well. Why must continue to do the cussing dude ? The more you fill in, the stock will go down further. Breaking 4.30 soon. Your loss was someone gain already.

BobAxelrod

8,255 posts

Posted by BobAxelrod > 2022-09-20 12:34 | Report Abuse

Bursa de’ Casino has never been holy. You want to pray, someone will guide you to a church, mosque or a cave for your perusal.

Joker never seen blood being spilled here.

Posted by The St. Goreng > 2022-09-20 12:37 | Report Abuse

Cirit birit non-stop one? How come expert do all calculations on paper but not dare to buy at "offer" price?

Sudah cakap many times this stock suitable to pump and dump only. 4.30 is the price on 22/8 before pump and dump event on 23 & 24/8. Now back to square one and trapped many ikan bilis above 5th and 6th floor.

UlarSawa

35,552 posts

Posted by UlarSawa > 2022-09-20 12:46 | Report Abuse

You sound like kakijudi leh. Know very well HY leh. Haiyoh. Correct?


The St. Goreng

Cirit birit non-stop one? How come expert do all calculations on paper but not dare to buy at "offer" price?

Sudah cakap many times this stock suitable to pump and dump only. 4.30 is the price on 22/8 before pump and dump event on 23 & 24/8. Now back to square one and trapped many ikan bilis above 5th and 6th floor.

3 minutes ago

UlarSawa

35,552 posts

Posted by UlarSawa > 2022-09-20 12:47 | Report Abuse

Now getting more are align the judi mentality liao leh. Not very good sign to Investors leh. Haiyoh. Correct?


BobAxelrod

Bursa de’ Casino has never been holy. You want to pray, someone will guide you to a church, mosque or a cave for your perusal.

Joker never seen blood being spilled here.

11 minutes ago

Sslee

5,587 posts

Posted by Sslee > 2022-09-20 12:51 | Report Abuse

qqq3,
Just a simple math with:
Mogas92 crack spread at usd3
Diesel crack spread at usd43
Jetfuel crack spread at usd27

What should be HRC refining margin?

Sslee

5,587 posts

Posted by Sslee > 2022-09-20 13:02 | Report Abuse

MM,
Do not interpret what you do not know about the meaning behind the figures as facts.

And please do not put words into my mouth.

UlarSawa

35,552 posts

Posted by UlarSawa > 2022-09-20 13:04 |

Post removed.Why?

Sslee

5,587 posts

Posted by Sslee > 2022-09-20 13:09 | Report Abuse

Man proposes but god disposes.

I can only interpret the available data and figures into facts.

As on share price if anyone in here dare to say he can predict the share price movement then I will tell him why you are here, when you should be a billionaire by now.

BobAxelrod

8,255 posts

Posted by BobAxelrod > 2022-09-20 13:10 |

Post removed.Why?

wailaidis

14 posts

Posted by wailaidis > 2022-09-20 13:12 | Report Abuse

Non-stop washing.

BobAxelrod

8,255 posts

Posted by BobAxelrod > 2022-09-20 13:25 |

Post removed.Why?

MoneyMakers

7,496 posts

Posted by MoneyMakers > 2022-09-20 13:37 |

Post removed.Why?

MoneyMakers

7,496 posts

Posted by MoneyMakers > 2022-09-20 13:38 |

Post removed.Why?

Sslee

5,587 posts

Posted by Sslee > 2022-09-20 13:54 | Report Abuse

MM,
I repeat again, do not put words into my mouth. I am still holding HRC, C24 and C26.

Just bought another 2,000 untits HRC at RM 4.31.

mf

28,403 posts

Posted by mf > 2022-09-20 14:44 | Report Abuse

run

Posted by ValueInvestor888 > 2022-09-20 15:08 | Report Abuse

today can fish again @ 4.30. Margin of safety is very high at current fire sale price

sharemarket21

1,894 posts

Posted by sharemarket21 > 2022-09-20 15:51 | Report Abuse

Good fundamental stock would not behaved like this. Obviously its commodity play and consolidating taking place until where it should belongs at the first place. Let's wait for the first sign...If any chance, perhaps 4.13

BobAxelrod

8,255 posts

Posted by BobAxelrod > 2022-09-20 15:55 |

Post removed.Why?

mf

28,403 posts

Posted by mf > 2022-09-20 16:09 | Report Abuse


US 30

30,960.40 31,149.80 30,957.90 -59.3 -0.19% 04:08:51
US 500

3,891.20 3,918.30 3,890.80 -8.7 -0.22% 04:08:53
US Tech 100

11,914.00 12,018.90 11,912.40 -39.3 -0.33%

sharemarket21

1,894 posts

Posted by sharemarket21 > 2022-09-20 16:44 | Report Abuse

Bursa is green and positive for many. Unfortunately not for these few stocks and sectors. Covid-19 fast recovery and oil price normalizing are bad news for some existing investors but good for the economy and people. They had their peak and it's time to visit the low ground.

BobAxelrod

8,255 posts

Posted by BobAxelrod > 2022-09-20 16:46 |

Post removed.Why?

BobAxelrod

8,255 posts

Posted by BobAxelrod > 2022-09-20 17:06 |

Post removed.Why?

probability

14,463 posts

Posted by probability > 2022-09-20 17:23 | Report Abuse

Hi guys, just a reminder on below info. Do not blindly dispose using herd mentality. The crack spread of all products presently are way higher than what i used on below derivation.

We can wait for 1 month for our salary, 2 months is not that long.. NTA will shoot up by RM 4 by Q3 results along with below EPS.

........

Q3 - Rock bottom EPS analysis

(using lowest possible average crack spread during the period - as if it was this level every single day of 90 days in a quarter)
.........................

Using extreme conservative scenario where 50% of HY throughput is hedged where they will only reflect hedge margin at extra low 10 USD/brl, with the balance free to capture market margin

1. Diesel at 46% yield, cracks USD 39/brl

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

2. Jet fuel at 7% yield, cracks USD 29/brl

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

3. Gasoline at 35% yield, cracks USD 7/brl

www.tradingview.com/symbols/NYMEX-D1N1%21/
www.tradingview.com/symbols/NYMEX-SMU1!/

3. Rest of product yield at 12%, using Mogas 95 cracks USD 7/brl

Gross profit from (Hedged) portion:
..............................

= (10.7 million x 50%) x (10 USD/brl) x (MYR 4.5/USD)
= 240 million MYR .....(1)



Gross profit (UN-HEDGED) portion:
............................

Refining margin/brl:

= (0.46 x 39) + (0.07 x 29) + (0.35 x 7) + (0.12 x 7)
= (17.9 + 2.0 + 2.5 + 0.8)
= US $ 23.2 / brl

Gross profit:
= (10.7 million x 50%) x (23.2 USD/brl) x (MYR 4.5/USD)
= 558 million MYR ......(2)



Total gross profit (1) + (2)
= 240 + 558
= 798 million MYR

PBT = 718 million
PAT = 545 million
EPS = 1.81

probability

14,463 posts

Posted by probability > 2022-09-20 17:25 | Report Abuse

you can use whatever lowest figures for crack spread of gasoline, diesel and jet fuel based on the crack spread chart

you will never be able to obtain EPS below the record EPS of 2017

cK1973

1,837 posts

Posted by cK1973 > 2022-09-20 17:36 | Report Abuse

Relaks, saya tunggu kat 3 dulu....
2 - 8 range play ma....
best ma this counter

sharemarket21

1,894 posts

Posted by sharemarket21 > 2022-09-20 17:38 | Report Abuse

Even thrash talk and cussing are more refreshing than a few scammers and spammers here what cracking nonsense to justify the share price movement.

probability

14,463 posts

Posted by probability > 2022-09-20 19:23 | Report Abuse

expect crack spread to strengthen up tomorrow

BobAxelrod

8,255 posts

Posted by BobAxelrod > 2022-09-20 19:26 |

Post removed.Why?

Zhuge_Liang

2,384 posts

Posted by Zhuge_Liang > 2022-09-20 19:42 |

Post removed.Why?

Zhuge_Liang

2,384 posts

Posted by Zhuge_Liang > 2022-09-20 19:46 |

Post removed.Why?

BobAxelrod

8,255 posts

Posted by BobAxelrod > 2022-09-20 20:06 |

Post removed.Why?

ks55

3,801 posts

Posted by ks55 > 2022-09-20 20:31 | Report Abuse

Huat ah! 10 sen dividend is on the way. HYR made 10 ringgit, gives you 10 sen. Why?

ks55

3,801 posts

Posted by ks55 > 2022-09-20 20:37 | Report Abuse

10 sen dividend is better than no dividend, or 2 sen dividend, or 4 sen dividend. This time around, HYR is considered super generous as Red Chip counters were known to be dubious in the account. Remember XingQuan? External auditors were KYY's relative and KYY went to visit factories in China and still got cheated.

ks55

3,801 posts

Posted by ks55 > 2022-09-20 20:39 | Report Abuse

Trust me. Red Chip counters are forever Red Chip. Cannot suddenly become blue chip.

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