Posted by brightsmart > 2022-11-30 16:47 | Report Abuse

Singapore nice place.........if u are billionaire.

Posted by brightsmart > 2022-11-30 16:49 | Report Abuse

last price 3.57, not easy to break 3.50.....................................................

Posted by DickyMe > 2022-11-30 16:50 | Report Abuse

LOL! All this while Heng has been fermenting it' s-h-itt, only to release in an explosive rear end loose discharge smearing every shareholder. As always, I say RM 1.70 is coming. This will be deleted soon by some sore fans of Heng.

Posted by DickyMe > 2022-11-30 16:51 | Report Abuse

As usual, wherever the snake goes, the stock is doomed. Such a suey Ular.

Posted by pang72 > 2022-11-30 16:54 | Report Abuse

UlarSawa

You sure or not. Haiyoh. Correct?

pang72

The fake buy queue at 3.60, 3.61 will disappear any time..
Don't happily look at those fake support

1 minute ago

1 hour ago

I AM VERY SURE MAH..
3.60 SUDAH TENGGELAM

Posted by pang72 > 2022-11-30 16:59 | Report Abuse

Ular Referee,
You can conclude the winner of the last open table judi at HRC.. Counter...

So, we can know who is liar or who is sifu leh..

Posted by MoneyMakers > 2022-11-30 17:10 |

Post removed.Why?

Posted by UlarSawa > 2022-11-30 17:11 | Report Abuse

The winner is non other than TP from rm4 to rm3.50 iaitu the best tukang tilik leh. Haiyoh. Correct?

Posted by UlarSawa > 2022-11-30 17:12 |

Post removed.Why?

Posted by UlarSawa > 2022-11-30 17:14 | Report Abuse

14. wailaidis 4.00 to 3.50 soon. WINNER.


The winner can MHP now. Haiyoh. Correct?

Posted by Sslee > 2022-11-30 17:19 | Report Abuse

Dear all,
My sincere apologies for my interpretation of what will be the HRC earning potential moving forward based on facts and figures contained in Q2 and crack spread of Diesel, Mogas92/95 and Jet fuel from public available data.

I am shocked, surprised and angry with HRC Q3 result and some of questions begging for answers.

I admitted, I loss some money on HRC but life need to go on and by tomorrow the sun will raise again as it always does.

A10 (Loss)/Profit before taxation:
The (loss)/profit before taxation are arrived at after (crediting)/charging:
Fair value loss on derivative financial instruments RM 364,570,000
Inventories written down RM 70,045,000
Foreign exchange loss –
Realized RM 23,422,000
Unrealized RM 21,169,000

The carrying amounts of financial assets and liabilities measured at amortised cost approximate their respective fair values as at 30 September 2022.
Fair value of financial instruments that were outstanding as at the reporting date is detailed below:
Net liabilities of RM 1,113,870,000
Q2 the net liabilities as at 30 June 2022: RM 1,524,516,000

So I do not understand
Other comprehensive (expense)/income: Q3 is RM 422,463,000 when the outstanding financial instruments are net liabilities of RM 1,113,870,000.
Qqq3 can you explain this?

Note: Other comprehensive (expense)/income: Q2 is RM (1,079,600,000) when outstanding financial instruments is net liabilities of RM 1,524,516,000


So basically Q3 refining margin loss +inventories loss + realized hedge loss and loss in outstanding financial instruments of net liabilities of RM 1,113,870,000
The intention of HRC hedging is to protect the refining margin, (loss in physical refining margin will be result in gain on refining margin hedged), inventories loss/gain (loss in physical inventories will be covered by inventories hedged) and future earning (future refining margin already locked in at USD xx - xx per barrel hence future loss is mogas crack should generated gain in derivatives assets) were totally did not implied (went the opposite way) as per Q3 financial result.

The million question is anyone can explain why, why, why???

Posted by CharlesT > 2022-11-30 17:21 | Report Abuse

Why Xinquan has cash ard RM1.50+ in their banks in China but the Co still get suspended n delisted few years ago...

Why? Why????

Posted by CharlesT > 2022-11-30 17:23 | Report Abuse

Rules no 1 to no 999 in Bursa

Dont buy Red Chips Stocks

Or else u hv to ask why why why for many times

Posted by dompeilee > 2022-11-30 17:23 | Report Abuse

Stock: [HENGYUAN]: HENGYUAN REFINING COMPANY BERHAD

7 hours ago | Report Abuse

dompeilee

Speculatively bought Hengyuan @ 3.56 & 3.54

26 minutes ago

SOLD half @ 3.72

SOLD balance @ 3.67

Posted by calvintaneng > 2022-11-30 17:25 | Report Abuse

SSLee

only one answer

integrity of China red chip co all suspect

Hengyuan is also a China red chip managed co

in Malaysia, in Singapore and in USA China red chip co generally lost money up to 90% listed there

the question is WHY?

Posted by CharlesT > 2022-11-30 17:31 | Report Abuse

Whats next for SSLee to do now?

Sending a very long questionaires to HY Board to query on their Q3 results?

Posted by ks55 > 2022-11-30 17:35 | Report Abuse

Creative account been practised to the highest order. Chinese use to say Closing both eyes talking cock.

Posted by Sslee > 2022-11-30 17:35 | Report Abuse

Did all of you implied insider fraud? So are we going to stand still and let the China Scumbag get away with scamming?

Posted by ks55 > 2022-11-30 17:36 | Report Abuse

Just compare it with XinQuan. Notice any similarity? Red chip is forever red, won't change colour to blue or green.

Posted by pang72 > 2022-11-30 17:37 | Report Abuse

Up to today, I still don't understand why you all believe HRC can earn rm2 eps in this QR?

This is my Why question?

Posted by brightsmart > 2022-11-30 17:38 | Report Abuse

Sslee

Did all of you implied insider fraud? So are we going to stand still and let the China Scumbag get away with scamming?
==========

petron also gross loss. Why no one say filipino man one?

Posted by ks55 > 2022-11-30 17:39 | Report Abuse

If you think Red Chip counters not credible, then vote with your legs. There are more than a thousand stocks for you to buy (or punt if you like).

Posted by brightsmart > 2022-11-30 17:42 | Report Abuse

So I do not understand
Other comprehensive (expense)/income: Q3 is RM 422,463,000 when the outstanding financial instruments are net liabilities of RM 1,113,870,000.
Qqq3 can you explain this?
=====


there is no link between the two numbers....Balance sheet is as at ................while P/l is the financial effects..............and the volume outstanding varies every day.

Posted by brightsmart > 2022-11-30 17:42 | Report Abuse

we are assuming they did nothing...............................but that is patently not true.

Posted by brightsmart > 2022-11-30 17:45 | Report Abuse

HY for the 9months $ 768 million debited to comprehensive income, for the latest 3 months $ 422 million credited to comprehensive income..............that is hedging.

Posted by brightsmart > 2022-11-30 17:46 | Report Abuse

sslee................ u have been saying they will show hedging gains................well, they did show hedging gains and huge gross loss.

Posted by Sslee > 2022-11-30 17:47 | Report Abuse

qqq3,
Petron Malaysia managed to turn Marked to market Q2 derivatives of unrealised loss RM 166,799,000 into Q3 Realized gain: RM 139,957,000 and marked to market unrealized gain RM 7,588,000

Posted by brightsmart > 2022-11-30 17:50 |

Post removed.Why?

Posted by MoneyMakers > 2022-11-30 17:51 |

Post removed.Why?

Posted by MoneyMakers > 2022-11-30 17:52 | Report Abuse

Explain many times dont even know hedged price/position/period - simply create own BS calculation

Dunno hedging details - how to know drop in refining margin/inventory 100% offset by hedging gain aiyoyo

Totally ridiculous

Posted by Income > 2022-11-30 17:54 | Report Abuse

9. Income—> Rm2.65 until next QR

See my prediction above.
Very sad for HRC.

I learned something here…
When you see a lot of papa or mama or someone died posted here some days ago…
Meaning it is time to runaway faster lah. Very sad.

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

sslee........HY is still in a very weak position as at 30 / 9/ .............current liabilities more than current assets......................this company is operating under stress all the time without enough liquidity and that is why they have arranged a $ 5 billion loan facility to assists in cash flows....................each time there is large fluctuations in oil prices , this company is in cash flow difficulties.

Posted by MoneyMakers > 2022-11-30 18:01 |

Post removed.Why?

Posted by brightsmart > 2022-11-30 18:03 | Report Abuse

MoneyMakers

Explain many times dont even know hedged price/position/period - simply create own BS calculation
========

its true.......sslee/ probabiliity has created their own BS calculations.....now want to sue HY..............where got fair like that? sslee, u will be thrown out of court

Posted by TanDavid88 > 2022-11-30 18:12 |

Post removed.Why?

Posted by brightsmart > 2022-11-30 18:16 | Report Abuse

tan david, u sailang all your funeral money into this stock? too bad, sorry for u but fools and their money are soon separated.

Posted by TanDavid88 > 2022-11-30 18:20 |

Post removed.Why?

Posted by brightsmart > 2022-11-30 18:21 | Report Abuse

tan david.........did u read company explanation for the losses?


well, I have covered all the areas mentioned in the announcement, all the reasons for the bad performance....no surprises there.

Posted by TanDavid88 > 2022-11-30 18:23 |

Post removed.Why?

Posted by brightsmart > 2022-11-30 18:24 | Report Abuse

I think people like tan deserve to lose their funeral money.............stock market is set up to take money from tan and put into my pocket.

Posted by Sslee > 2022-11-30 18:26 | Report Abuse

MM did keep repeating crack spread and crude oil already crash and pending derivaties loss of billion.

So he still can repeating the same broken record till Q4 result out.

Posted by TanDavid88 > 2022-11-30 18:27 |

Post removed.Why?

Posted by TanDavid88 > 2022-11-30 18:29 |

Post removed.Why?

Posted by brightsmart > 2022-11-30 18:32 |

Post removed.Why?

Posted by TanDavid88 > 2022-11-30 18:33 | Report Abuse

Sslee, no worries, it is not your fault.
You try your best.
We really cannot understand the logic for a big loss on Hengyuan.

Posted by Sslee > 2022-11-30 18:37 | Report Abuse

I3lurker,
I can understand Petron Malaysia explanation on higher crude price since they used premium crude for their simple refining plant. But they still need to explain why their average products selling price is lower than HRC average USD124 per barrel

Petron Malaysia
Average USD to MYR July to Sept: 4.50
Revenue per barrel: USD 4,684,552,000/(8,600,000 x4.50) = USD 121.o47

But HRC refinery is a more complex refinery with Long chain cracker and able to run on cheaper heavy crude.

Posted by emsvsi > 2022-11-30 18:40 | Report Abuse

THIS ULARSAWA EVERYDAY CORRECT CORRECT KOREK LUBANG KUBUR KA LU

Posted by Sslee > 2022-11-30 18:42 | Report Abuse

Yalah,
MM and all the naysayers why didn't you all short sell (RSS) and make millions?

Posted by brightsmart > 2022-11-30 18:51 | Report Abuse

Sslee

Yalah,
MM and all the naysayers why didn't you all short sell (RSS) and make millions?
=============

if I could I would............ but my computer screen got no button call short.

Posted by brightsmart > 2022-11-30 18:54 | Report Abuse

take yesterday..............all signs are there the results no good........

petron results already give good guidance, HY at 4.50 not 6.50, oil has collapsed, crack has collapsed................. all the indicators are there already and my comments yesterday.