Posted by Jerichomy > 2022-11-29 20:05 |

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Posted by rchi > 2022-11-29 20:13 | Report Abuse

2022 is not otb's year.But we cant ignore his good calls before, to be fair.
Time to move on guys.Lesson...never trust chinaman cos listed on bursa.

Posted by brightsmart > 2022-11-29 20:13 |

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Posted by brightsmart > 2022-11-29 20:15 |

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Posted by brightsmart > 2022-11-29 20:16 |

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Posted by UlarSawa > 2022-11-29 20:18 | Report Abuse

Plan your trade mau cutloss or buy more or what. Sendiri decide liao. No sifu will tell you openly what to do when the QR is so bad. Sendiri decide to minimise your loss. Haiyoh. Correct?

Posted by Investing_Bursa > 2022-11-29 20:18 | Report Abuse

https://www.theedgemarkets.com/article/hengyuan-posts-loss-3q-lower-motor-gas-cracks-high-crude-premium-stockholding-losses

Posted by UlarSawa > 2022-11-29 20:23 |

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Posted by brightsmart > 2022-11-29 20:24 |

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Posted by UlarSawa > 2022-11-29 20:24 | Report Abuse

Mana tau esok gap up leh. Possible or not. Anyone every think it will happen. Haiyoh. Boleh?

Posted by brightsmart > 2022-11-29 20:26 |

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Posted by Sslee > 2022-11-29 20:27 | Report Abuse

I3lurker,
Thank you for the explanation.

May I know from you why buying crude need to pay so much premium in Malaysia (purchased is about USD16 per barrel higher than market products at average price of USD 124 per barrel?

Why Malaysia do not allow buying Russia crude at discount?

Posted by brightsmart > 2022-11-29 20:28 |

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Posted by brightsmart > 2022-11-29 20:34 |

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Posted by Permutation > 2022-11-29 20:35 | Report Abuse

Give OTB and Probability the benefit of the doubt. They are responsible people who promote the stock. Perhaps in a couple of hours they will come out with an explanation of why the qtr result is so different from their projections. The results are certainly shocking.

Posted by kebling98 > 2022-11-29 20:43 | Report Abuse

So sad, hy become titanic
production downtime reduces 18% revenue
9 millions sales generate such revenue is ok one lah
9 x 124 x 4.5 = 5022
But why 9 million barrels x 101 x 4.5 = 5751m?

Paper gain become cut loss
Better invest valero
Chinaman really amazing
All refinery stock make money, except this china stock!

Posted by Sslee > 2022-11-29 20:47 | Report Abuse

I3lurker,
Thank again. But why don't HRC buy from Petronas Malaysia crude?

Then no need Supertankers, freight charges or pull cable with Jacqueline Onassis in the afterworld in order to book long term supertankers

Posted by Mikecyc > 2022-11-29 21:04 |

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Posted by Mikecyc > 2022-11-29 21:11 |

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Posted by Mikecyc > 2022-11-29 21:12 |

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Posted by brightsmart > 2022-11-29 21:18 | Report Abuse

kebling98 > 3
All refinery stock make money, except this china stock!
===================


also gross loss at Petron. So the problem is u not China stock. Petron even got petrol stations gives them cushion.

Posted by brightsmart > 2022-11-29 21:20 | Report Abuse

u see when people don't understand what they buy, they go and blame the company.

Posted by brightsmart > 2022-11-29 21:23 |

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Posted by Sslee > 2022-11-29 21:23 | Report Abuse

I3lurker,
Below official Malaysia crude oil selling price.
I do not think Malaysia crude are so much expensive as what you mentioned.

SINGAPORE : The official selling price of a basket of August-loading Malaysian crude oil (MCO) grades has been set at $118.04 a barrel, a price document showed on Thursday.

MCO grades include Labuan, Miri, Kikeh and Kimanis.

OSPs for the Malaysian grades in dollars per barrel:

Grade August July June May
MCO 118.04 124.30 132.50 121.15
Tapis 111.75 119.59 128.89 118.51
Dulang 121.64 127.32 134.98 123.24

Oct 4): Petroliam Nasional Bhd (Petronas) set the official selling price (OSP) of Malaysian crude oil at US$108.37 (RM503.60) a barrel (bbl) for September 2022, according to a statement.

The September 2022 OSP compares with US$118.04/bbl for August 2022, according to the national oil company.

The OSPs of other Malaysian crude oil grades for September 2022 are listed below.

Cendor at US$109.61/bbl
Tapis blend at US$102.58/bbl
Dulang at US$110.65/bbl
Bintulu at US$105.24/bbl

Posted by Philip ( buy what you understand) > 2022-11-29 21:24 | Report Abuse

Sslee/ probability, care to explained what is happening on the hy huge losses? And as someone told me to sell my pchem and ql to buy hengyuan all in, I wonder if I was lucky or smart to not listen to them in their wild recollection. In fact I am so happy to have kept the faith in the stocks that I understand better versus stocks that I know nothing about.

Posted by Mikecyc > 2022-11-29 21:28 |

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Posted by Sslee > 2022-11-29 21:32 | Report Abuse

Philip,
HRC enter wrongly puchased as revenue and revenue as purchased that is why gross profit is RM (720,812,000) instead of RM 720,812,000.

Hope you learn somthing new and know what I mean.

Posted by Sslee > 2022-11-29 21:35 | Report Abuse

Highlight:
Purchased is about USD16 per barrel higher than market products at average price of USD 124 per barrel.

Posted by probability > 2022-11-29 21:36 | Report Abuse

to all, i am truly sorry that my insights on HY profit generation is far out from reality

it appears that there are many practical factors that affects their margin such as the way the crude supply contract is made with petronas and sales with Shell..

HY may not had the flexibility to switch crude supplier or sales to other buyer than Shell Malaysia (whose fuel demand for diesel could have been muted during the period) within a very short time

90% if their crude supply and sales are to these parties which they probably cannot change within a short span

the only consolation is no one including HY is disputing the available market margin of diesel and gasoline based on means of platts singapore (MOPS)

good luck

Posted by kebling98 > 2022-11-29 21:36 | Report Abuse

Sslee, your data accurate one boh?
Than why cost per barrel is so high lei ?
5751m for 11m barrels is reasonable lah
But now Q3 sales was only 8.9m only lei

Mungkin 30% untung dari VLO lenyap. Sakit

Posted by firehawk > 2022-11-29 21:36 | Report Abuse

Almost gave back all the profit of previous Q ..... when someone put up the very complicated crack spread analysis 2 month ago, another fellow replied, he felt like reading a sifu analysis on JAKS 2 years ago, I felt so humourous :-)

Posted by abang_misai > 2022-11-29 21:55 | Report Abuse

kambing kena pancung disebab terlalu percaya pada sifu tipu. hehe

Posted by Sslee > 2022-11-29 22:00 | Report Abuse

I3lurker,
Thanks again for all the explanations. I learn many new things today. I will move on and sayonara.

Posted by Mikecyc > 2022-11-29 22:02 |

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Posted by brightsmart > 2022-11-29 22:04 |

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Posted by speakup > 2022-11-29 22:18 | Report Abuse

Already factored in big loss

Posted by MoneyMakers > 2022-11-29 22:19 |

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Posted by MoneyMakers > 2022-11-29 22:28 | Report Abuse

Now alrdy too late 4 regrets..who wanna ‘queue buy’ company with (-600Mil) loss + no div

Fundamentals absolutely terrible (crack spread alrdy collapse - Mogas whole month Oct negative crack)

Ready huge massacre tomorrow

Posted by Kslee15 > 2022-11-29 22:39 | Report Abuse

Chill, already factored in losses

Posted by Kslee15 > 2022-11-29 22:45 | Report Abuse

The annual revenue has increased overall, annual net profit not too bad.

Oil price is currently on uptrend again.

Posted by Russel > 2022-11-29 22:46 | Report Abuse

Always believe..."Market Never Wrong, It Always Right"

Posted by Mikecyc > 2022-11-29 22:50 |

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Posted by Mikecyc > 2022-11-29 22:53 |

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Posted by Mikecyc > 2022-11-29 22:59 |

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Posted by sharemarket21 > 2022-11-29 23:30 | Report Abuse

Everyone took the chance and went against the odds. Signs are clear and let's wait how the share price react first thing in the morning. SELL way ahead before announcement. The strategy is old but still effective. Oil price went below 80 one time and another round at present. No research coverage, low liquidity and short hype didn't last long.

Posted by Philip ( buy what you understand) > 2022-11-29 23:55 | Report Abuse

You would have gotten much better and easier results buying Stondon simple like pchem where we just have another 1.89b of net profit, and we can look forward to another year of 50 cents in dividends to bring down the cost of ownership. I think knowing the business model of hy and petronm is very very important. And knowing why pchem had such high profit margins is also very very important.

Not all oil and gas companies are the same. Not all derivatives are similar. I think a huge bloodbath coming soon.
>>>>>>>>
Sslee

Good morning Philip,
I only put in abt 4% of my portfolio into HRC and warrants (betting purpose)

I invested abt 16% of my portfolio into Petronm.

Petronm:
Q2 Revenue : RM 5,596 million, PAT RM 183 million EPS RM 0.68
Q1 Revenue : RM 3,800 million, PAT RM 106 million and EPS RM 0.394

Petronm last year EPS 88 cents and dividend 20 cents. So this year H1 2022 EPS already excess last year EPS and I expect this year dividend will be higher.

Petronm earning from Biodiesel margin + refinering margin + retail (petrol stations) and commercial sales of refined petroluem products.

HRC earning solely from refining margin (diesel, gasoline and jetfuel crack spread) with lot of hedging.

1 month ago

Posted by alivetoinvest > 2022-11-29 23:59 | Report Abuse

Hengyuan made Rm667 million in quarter 3

Quarter 4 loss is just to offset the gains lol

Posted by kebling98 > 2022-11-30 00:06 | Report Abuse

Yahloh at least no more worry about the pending unrealised hedging loss of 1000m liao

Posted by kebling98 > 2022-11-30 00:18 | Report Abuse

Back to 3.8-4.2 hovering there until next story loh
Q2 667m profit no LU , in fact it down loh
Q3 640m loss only mah, no more huge pending derivatives loss lei
Haiyah, US stocks much easy to made money lah
Chinaman stock really jjptr

Posted by sharemarket21 > 2022-11-30 01:36 | Report Abuse

Kudos to those who have predicted QR huge losses. The only one here and wins all.