The Super bull run on Hengyuan in 2017 was started on 2/11/2017 before Q3 2017 result released. Will history repeats itself in 2022 ? The earning in Q3 2022 will definitely better than the earning in Q3 2017. Hope for the best.
asia.nikkei.com With nothing to sell, Vietnam gas stations start to close 10 hours ago — Another reason gas stations are temporarily closing is the lack of refineries in the southern part of
121 gas stations in Ho Chi Minh City face supply shortfall | Tuoi Tre News 11 Oct 2022 — The Ministry of Industry and Trade on Monday issued a statement saying that the temporary shutdown of
Most of oil stocks are up in the US stock market today. XOM, CVX, OXY, XLE, VLO, MPC, etc Hope Hengyuan can perform tomorrow.
The Super bull run on Hengyuan in 2017 was started on 2/11/2017 before Q3 2017 result released. Will history repeats itself in 2022 ? The earning result in Q3 2022 will definitely better than the earning result in Q3 2017. Hope for the best.
Is it a good timing to start buying Hengyuan tomorrow ?
"The big money is not in the buying and the selling, but in the waiting." - Charlie Munger
Q2 2022 result. Average crack spread of diesel = USD44.35 Average crack spread of gasoline = USD23.52 Average crack spread of Jet fuel = USD28.61 EPS = 2.22
Q3 2022 result (projection) Average crack spread of diesel = USD48.17 Average crack spread of gasoline = USD21.41 Average crack spread of Jet fuel = USD39.28 EPS (projection) = 2.62
Note : Hengyuan refined 46% of its refined product as diesel. Hengyuan refined 35% of its refined product as gasoline. Hengyuan refined 7% of its refined product as Jet fuel. 12% of its refined products are others. Q3 gross profit Gross profit of diesel =10.5*46%*48.17*4.5=RM1.047 billion Gross profit of gasoline =10.5*35%*21.41*4.5= RM354 million Gross profit of Jet Fuel =10.5*7%*39.28*4.5= RM130 million Gross profit of others =10.5*12%*10*4.5= RM57 million Total gross profit = RM1.588 billion Assuming less hedging loss like Q2 2022 = RM 439 million. Total gross profit = RM 1.149 billion Less manufacturing, admin and others expenses = 113 million PBT = RM 1.036 billion. Less income tax = 249 million. PAT = 787 million. NOSI = 300 million. EPS = 2.62. -------------------- Q3 2022 result I do not wish to take so high EPS, I assume EPS = 2.00 is good enough for Hengyuan. Cumulative EPS for 3 quarters will be = 2.38+2.00 = 4.38. No stock listed in KLSE has this type of EPS. The share price of Hengyuan is very undervalued.
Can huat or not, I do not know. I know the FA of Hengyuan is damn good.
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....
UlarSawa
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Posted by UlarSawa > 2022-11-01 13:48 | Report Abuse
Umno tonite will announce their candidates. Rumour said 4 ministers level not in the list leh. Haiyoh. Correct?