Posted by UlarSawa > 2022-11-14 17:48 | Report Abuse

DAP supporter pun support KJ leh. Like this say many swing vote will happen kah. 26k majority and KJ can win if got half of them 13k swing to support KJ leh. Haiyoh. Correct?

Posted by UlarSawa > 2022-11-14 18:13 | Report Abuse

KJ mana ada keep quiet leh. He selalu ada cakap Court cluster one mah. You see he in Umno takda post at all leh. If he is President of Umno then different story lah. Last Umno election he lost to Zahid leh. If he won then the outcome will not be the same leh. Haiyoh. Correct?

Posted by UlarSawa > 2022-11-14 18:17 | Report Abuse

Now rakyat Sg buloh must choose the one can work for them more one leh. PH given 3 terms also cannot settle their problem. KJ pun not MP yet solved their problem already leh. You see KJ Plan for Sg Buloh or not. So good leh. PH mana ada so good plan for Sg Buloh constituency leh. KJSungaiBulohMP is correct candidate leh
Many agreed and tulis their comment in KJ FB on banjir issue they faced for many years leh. Everyone also praised him efficient leh. Haiyoh. Correct?

Posted by UlarSawa > 2022-11-14 18:19 | Report Abuse

Ypu all go to Sg Buloh see lah. A very good testimonial he can solve problem one leh. Dont keep talk bad about KJ lah. He is destined to be Sg Buloh MP lah. Haiyoh. Correct?

Posted by brightsmart > 2022-11-14 18:33 | Report Abuse

Good man wrong camp must kill to avoid future trouble

Posted by brightsmart > 2022-11-14 18:34 | Report Abuse

Cao cao says

Posted by Sslee > 2022-11-14 20:32 | Report Abuse

will send out below email tomorrow.
Dear MR. MANOJ DEVADASAN
General Counsel / Company Secretary / Manager-Human Resources/Compliance Office
Shahidah Aris
Senior Legal Advisor/Assistant Company Secretary

I refer Petron Malaysia holding company: Petron Corp Q3 financial result

Year-on-year prices of Dubai grew by 59% to $95.6/bbl in 1Q 2022 vs. $60.0/bbl in the same period last year, due to the continued geopolitical tensions surrounding Russia’s invasion of Ukraine and a further draw in US crude and distillate inventories added to the price support. Ytd- March 2022 product cracks improved with strong demand as supply tightens.
Q12022
Prices of Dubai crude $ 95.6/bbl
Gasoline cracks increased from $7.1/bbl in 1Q 2021 to $17.8/bbl in 1Q 2022.
Diesel cracks from $5.8/bbl to $21.6/bbl.
kero-jet cracks from $3.3/bbl to $16.2/bbl.

Year-on-year prices of Dubai grew by 60.4% to $101.8/bbl in 1H 2021 vs. $63.5/bbl in the same period last year, as supply concerns continue resulting from the ongoing geopolitical conflicts amid recovering global demand. 1H 2022 product cracks also reached record-high level Q2. Average refining cracks of gasoline cracks increased from $8.5/bbl in 1H 2021 to $26.4/bbl in 1H 2022, diesel cracks from $6.4/bbl to $36.6/bbl, and kero-jet cracks from $3.9/bbl to $27.7/bbl.
Q2 2022
Prices of Dubai crude $ (101.8X2- 95.6) = 108
Gasoline cracks $ (26.4X2-17.8) = 35
Diesel cracks $ (36.6X2-21.6) = 51.6
Kero-jet cracks $(27.7X2-16.2) = 39.2

Dubai prices grew by 51.3% to $100.2/bbl as of ytd-September vs. $66.2/bbl in the same period last year, as supplies remained tight because of the sanctions on Russian oil after its invasion of Ukraine. Ytd-September 2022 product cracks have also been elevated with gasoline cracks increasing from $9.6/bbl in the same period last year to $22.0/bbl, diesel cracks from $6.9/bbl to $38.1/bbl, and kero-jet cracks from $4.4/bbl to $29.3/bbl.
Q3 2022
Prices of Dubai crude $ (101.2X3- 95.6-108) = 100.3
Gasoline cracks $ (22X3-17.8-35) = 13.2
Diesel cracks $ (38.1X3-21.6-51.6) = 41.1
Kero-jet cracks $(29.3X3-16.2-39.2) = 32.5

From Q3 end 30 Sept 2022
Net income attributable to non-controlling interest: 95 million Peso
Petron Corp owned 73.4% Petron Malaysia hence Petron Malaysia net income is 95/0.266 = 357.14 million Peso;
On 30th Sept 2022 MYR to Philippine Peso was 12.6426.
Q3 Petron Malaysia net income: RM 357.14/12.6426 = 28.25 million.
Q2 Petron Malaysia net income: RM 183.479 million
Q1 Petron Malaysia net income: RM 106.377 million

I am very disappointed with the projected Petron Malaysia Q3 net income of RM 28.25 million (from Petron Corp Q3 financial result) when Petron Malaysia petrol stations should be doing very well and Q3 refining crack spread as of below should also bring in the refiner profit. I just can’t understand how Q3 net income is lower than Q1 net income?
Gasoline cracks $ (22X3-17.8-35) = 13.2
Diesel cracks $ (38.1X3-21.6-51.6) = 41.1
Kero-jet cracks $(29.3X3-16.2-39.2) = 32.

For your information I had posted my previous email to you in i3investor and the blog had generated 20,747 views, 6 likes and 17 comments.
https://klse1.i3investor.com/blogs/Sslee_blog/2022-10-31-story-h1651095893-Petron_Malaysia_My_email_to_Kenanga_IB_analyst_and_Petron_Malaysia_IR.jsp

The 20.747 views can only mean the investing public have very high expectations on Petron Malaysia Business and profitable moving forward. I believe the Petron Board will meet in the next few days before the Petron Malaysia Q3 result is released to the public. It is my hope the Board will consider to give investors’ briefings to Kenanga IB analyst and the briefing minutes published at Petron Malaysia website

Thank you
Have a good day

Best Regards
Lee Soon Sheng

Posted by brightsmart > 2022-11-14 21:05 | Report Abuse

I just can’t understand how Q3 net income is lower than Q1 net income? lol.............what u see is what u get.................................................................

Posted by brightsmart > 2022-11-14 21:06 | Report Abuse

I just can’t understand how Q3 net income is lower than Q1 net income? lol.............what u see is what u get................................................................. there are many factors, not just what sslee/ probability posting in i3.

Posted by Sslee > 2022-11-14 21:35 | Report Abuse

Q12022
Prices of Dubai crude $ 95.6/bbl
Gasoline cracks increased from $7.1/bbl in 1Q 2021 to $17.8/bbl in 1Q 2022.
Diesel cracks from $5.8/bbl to $21.6/bbl.
kero-jet cracks from $3.3/bbl to $16.2/bbl.

Q2 2022
Prices of Dubai crude $ (101.8X2- 95.6) = 108
Gasoline cracks $ (26.4X2-17.8) = 35
Diesel cracks $ (36.6X2-21.6) = 51.6
Kero-jet cracks $(27.7X2-16.2) = 39.2

Q3 2022
Prices of Dubai crude $ (101.2X3- 95.6-108) = 100.3
Gasoline cracks $ (22X3-17.8-35) = 13.2
Diesel cracks $ (38.1X3-21.6-51.6) = 41.1
Kero-jet cracks $(29.3X3-16.2-39.2) = 32.5

So what you see is what you get.
With Q3 gasoline, diesel and kero-jet crack sptead as above, you can make an intelligent guess what will be HRC a pure refinery Q3 profit.

Posted by brightsmart > 2022-11-14 21:42 |

Post removed.Why?

Posted by probability > 2022-11-14 23:05 | Report Abuse

simple rock bottom EPS derivation for HY:
........................................

Diesel & Jet Fuel combined yield (46% Diesel + 7% Jet Fuel) of 53 %, conservatively use: 50%

Diesel & Jet Fuel crack assumed averages going forward 30 USD/brl (not difficult considering it had averaged 43 USD/brl last 6 months)


Gross margin from Diesel & Jet Fuel alone:

= (10.5 million barrels/qtr x 50% yield) x (30 USD/brl) x (MYR 4.64/USD)
= 730 million MYR ....

PBT = 650 million
PAT = 494 million
EPS = 1.64
..........

The above is assuming zero contribution from Gasoline which they had hedged at least 18 million barrels at about 10 USD/brl (good for 4 quarters output, i.e at 3.6 million barrels gasoline per qtr at 35% yield).

This is the advantage HY has over other refineries while having almost zero output of Fuel Oil (at negative crack spread) as complex refiner

Posted by UlarSawa > 2022-11-14 23:06 | Report Abuse

KJ popularity and acceptance by Sg Buloh ppl. His vote macam share price Breakout ini macam leh. Langit tuju like this leh. Haiyoh. Correct?

Posted by UlarSawa > 2022-11-14 23:08 | Report Abuse

HY share price is like PH candidate in Sg Buloh. Flat only. Takda breakout leh. Haiyoh. Correct?

Posted by UlarSawa > 2022-11-14 23:12 | Report Abuse

SUNGAI BULOH: Barisan Nasional candidate Khairy Jamaluddin says the turnout for his campaign to become Sungai Buloh’s next MP shows that the people can expect winds of change in their constituency.

“After a week of campaigning, I am very happy with the turnout in Sungai Buloh. This is an indication that there will be winds of change in Sungai Buloh.

“I have fallen in love with Sungai Buloh and can’t wait to become the MP. If possible, I want to start serving the people of Sungai Buloh today,” he said during a meet-the-people rally here today.

He said he expected the voters in Sungai Buloh to elect him as their new MP. The constituency has been represented by R Sivarasa (Pakatan Harapan-PKR) since 2018.

Posted by UlarSawa > 2022-11-14 23:15 | Report Abuse

“I have already worked very hard as the health minister and I pledge to work very hard in Sungai Buloh as well. Please do not ‘waste’ the opportunity when I have been given the chance to stand as a candidate here, for the sake of progress and development. You need someone to fight for you,” he said to applause.

The Sungai Buloh parliamentary constituency has 160,000 voters, made up of Malays (65%), Chinese (21%), Indians (10%) and 2% others.

BN treasurer-general Hishammuddin Hussein, who was at the rally, referred to Khairy as a “game changer” sent to Sungai Buloh by BN, to bring about changes and to attract young voters.

Posted by UlarSawa > 2022-11-14 23:15 | Report Abuse

“We need a ‘game changer’ especially in the political world. If we remain ‘stagnant’, there will be no changes and the people, especially the youths, will be tired due to the lack of progress and will lose interest in the current developments,” he said.

Hishammuddin said Khairy’s dedication as health minister proved his capabilities in tackling tough assignments when the country was affected by the Covid-19 pandemic.

Posted by brightsmart > 2022-11-14 23:18 | Report Abuse

not exceeding 2 weeks before probability expires and banished.

Posted by brightsmart > 2022-11-14 23:20 | Report Abuse

Cao cao says
Good man wrong camp must kill to avoid future trouble

Posted by UlarSawa > 2022-11-14 23:30 | Report Abuse

Cao Cao also die in his hand lah. He want the Youth to bangkit to topple Cao Cao leh. Haiyoh. Correct?


Posted by brightsmart > 9 minutes ago | Report Abuse

Cao cao says
Good man wrong camp must kill to avoid future trouble

Posted by Mikecyc > 2022-11-15 06:26 |

Post removed.Why?

Posted by StartOfTheBull > 2022-11-15 06:41 | Report Abuse

TG swings back to longkang, just a matter of time. Just watch.

Posted by Mikecyc > 2022-11-15 07:20 |

Post removed.Why?

Posted by Mikecyc > 2022-11-15 07:26 |

Post removed.Why?

Posted by UlarSawa > 2022-11-15 07:33 | Report Abuse

Nu Holdings Q3 Earnings Highlights: Warren Buffett-Backed Digital Bank Sees Shares Rally, Here's Why
Benzinga

2022-11-15 07:05

Nu Holdings Ltd.
+14.94%
Post
A leading digital bank in Brazil reported third-quarter financial results and an update on its growth Monday after market close. Here are the key highlights.

What Happened: Fintech company Nu Holdings (NYSE:NU) reported third quarter revenue of $1.31 billion, up 171% year-over-year. Revenue was up from last year’s $480.9 million and $1.16 billion in the second quarter.

Posted by UlarSawa > 2022-11-15 07:35 | Report Abuse

The average revenue per active customer in the third quarter was $7.90, up 61% year-over-year. Deposits for the company were up 73% year-over-year to $14.0 billion.

The company reported it added 5.1 million customers in the third quarter to hit a total of 70.4 million, up 46% year-over-year. The company reported record highs for retail customers in the third quarter. Customers were up 41% to 66.9 million in Brazil, the company’s largest market.

Nu posted a net profit of $7.8 million in the third quarter.

Posted by UlarSawa > 2022-11-15 07:36 | Report Abuse

Our customer base grew to over 70 million with a record high activity rate of 82% and a leading customer satisfaction score in our industry. We continue to launch and cross sell best-in-class products, while keeping a low-cost tech platform with low cost of funding and a widening profit margin,” Nu CEO David Velez said.

The company reported its NuCrypto unit had 1.3 million customers since its full rollout in July 2022. The company having exposure to cryptocurrency and offering several Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) related products has generated headlines.

Posted by UlarSawa > 2022-11-15 07:36 | Report Abuse

Berkshire Hathaway (NYSE:BRKA)(NYSE:BRKB) has a stake in the company with investments in June 2021 and later when the company went public in late 2021 totaling $1 billion. The stake gives Berkshire Hathaway CEO Warren Buffett, who has been a vocal critic of Bitcoin, exposure to the leading cryptocurrency.

Nubank is considered a cryptocurrency-friendly bank and announced it would allocate 1% of its cash to Bitcoin as well.

Posted by Mikecyc > 2022-11-15 07:39 |

Post removed.Why?

Posted by UlarSawa > 2022-11-15 07:40 | Report Abuse

Cantik post market Buffolo ctr Ular holding ada limited up 14% only. Takda Limit up. Dunno malam nanti can limit up or not. Yesterday Ular swing another round again. Managed to get lower price again. Haiyoh. Correct?

Posted by Sslee > 2022-11-15 07:50 | Report Abuse

Agree with i3 lurker:Crack rates are just wild guesses to revenues, usually wrong guesses

A better way to guess revenue as below:
Q2 HRC financial report:
The product prices during 2Q 2022 and YTD 2022 improved from an average price of USD75 per barrel and USD71 per barrel for the corresponding periods in 2021 to USD151 per barrel and USD133 per barrel respectively

Sale of oil products
- Refined RM 6,892,976,000
- Crude oil 1,184,000

Revenue is sales volume X average products price
Q2 average products price USD 151 per barrel.

From Petron Corp:
Q2 2022
Prices of Dubai crude $ (101.8X2- 95.6) = 108
Gasoline cracks $ (26.4X2-17.8) = 35
Diesel cracks $ (36.6X2-21.6) = 51.6
Kero-jet cracks $(27.7X2-16.2) = 39.2
You can work out the products (gasoline, diesel and kero-jet) selling price and then the % sell in gasoline, diesel and kero-jet to get an average product price of USD 151/bbl.

Then use Q3 information below to work out Q3 product average selling price.
Q3 2022
Prices of Dubai crude $ (101.2X3- 95.6-108) = 100.3
Gasoline cracks $ (22X3-17.8-35) = 13.2
Diesel cracks $ (38.1X3-21.6-51.6) = 41.1
Kero-jet cracks $(29.3X3-16.2-39.2) = 32.5

Posted by BobAxelrod > 2022-11-15 08:05 |

Post removed.Why?

Posted by BobAxelrod > 2022-11-15 08:09 |

Post removed.Why?

Posted by BobAxelrod > 2022-11-15 08:24 | Report Abuse

Amid higher Oil demands and prices, Petronas can come up with higher Operations Cost which leveled their Net Profits.

HY operation costs should remain unchanged and do not expect that to be any extra costing.

Posted by BobAxelrod > 2022-11-15 08:25 |

Post removed.Why?

Posted by Sslee > 2022-11-15 08:36 | Report Abuse

https://klse1.i3investor.com/blogs/Sslee_blog/2022-11-15-story-h1651990549-Petron_Malaysia_projected_net_income_from_Petron_Corp_Q3_financial_resu.jsp

Petron Malaysia projected net income from Petron Corp Q3 financial result announced on 14th Sept 2022.

Posted by BobAxelrod > 2022-11-15 08:41 |

Post removed.Why?

Posted by BobAxelrod > 2022-11-15 08:42 | Report Abuse

Dun gamble a bit where's the fun in life???

i3lurker

Current Price at PER 1.88x => Only Gamblers and Money Launderers playing, no long term Funs

Posted by BobAxelrod > 2022-11-15 08:47 |

Post removed.Why?

Posted by UlarSawa > 2022-11-15 08:57 | Report Abuse

In Bagan Datuk, pockets of discontent leave Zahid vulnerable as giantkiller visits

BAGAN DATUK, Nov 15 — As the seat of Umno president and former deputy prime minister Datuk Seri Ahmad Zahid Hamidi, Bagan Datuk would be expected to be an impenetrable bastion to rival parties and would-be challengers.

However, two of the last three elections have shown there were chinks in Zahid’s armour, with the Barisan Nasional chairman winning with just over 2,000 votes in these.

When Malay Mail arrived on a Monday afternoon at the heart of the district, Bagan Datuk town appeared lethargic, with sound of the scant traffic easily overpowered by birdsong.

Dominated by an empty square and a clock tower that no longer told the time, little else stood out about town save for a beautiful waterfront and a blue-roofed mosque that appeared as though rising up from the sea.

Posted by UlarSawa > 2022-11-15 08:59 | Report Abuse

https://www.malaymail.com/news/malaysia/2022/11/15/in-bagan-datuk-pockets-of-discontent-leave-zahid-vulnerable-as-giantkiller-visits/39561

Posted by UlarSawa > 2022-11-15 09:02 | Report Abuse

The Giant Killer can kill Cao Cao or not. If can the KJ will have better chance to cleanse Umno leh. DSAI in Cao Cao constituency ceramah maybe can help KJ to kill Cao Cao leh. Haiyoh. Correct?

Posted by brightsmart > 2022-11-15 09:08 | Report Abuse

Hengyuan and petron both dropping after sslee, honestly, stating he don't know why results so bad......still don't cut loss?

Posted by brightsmart > 2022-11-15 09:11 |

Post removed.Why?

Posted by brightsmart > 2022-11-15 09:13 | Report Abuse

Money politics in umno beyond repair

Posted by UlarSawa > 2022-11-15 09:18 |

Post removed.Why?

Posted by UlarSawa > 2022-11-15 09:24 | Report Abuse

With new leader like KJ mana tau can reform Umno leh. Let KJ try first lah. If can why not. Better than dont try at all mah. Umno still a very strong party with many hardcore supporters one leh. Haiyoh. Correct?

Posted by BobAxelrod > 2022-11-15 09:31 |

Post removed.Why?

Posted by BobAxelrod > 2022-11-15 09:32 |

Post removed.Why?

Posted by hng33 > 2022-11-15 09:35 | Report Abuse

Upcoming Q3 PetronM result only expect to deliver EPS 11sen, is 86% decrease compared Q2 to Q3. What can hengyuan expect to deliver in Q3 ?

https://klse1.i3investor.com/blogs/Sslee_blog/2022-11-15-story-h1651990549-Petron_Malaysia_projected_net_income_from_Petron_Corp_Q3_financial_resu.jsp