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.

Posted by brightsmart > 2022-11-30 18:56 | Report Abuse

and next question.......elections over already. Anwar is PM.........sslee cries.................why still no bull market?

Posted by brightsmart > 2022-11-30 18:58 | Report Abuse

one day reaction up 50 points...........is that all? after that day all red again........................

Posted by MoneyMakers > 2022-11-30 19:15 | Report Abuse

Aiyaa no use warn HY anymore (alrdy collapse)

Sheeps stuck rm7/6/5 alrdy slaughtered 30%-50%

Worse dunno when can escape - nobody want HY anymore after disaster QR

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

My Jtiasa and Armada already start to move.

Posted by UlarSawa > 2022-11-30 19:24 |

Post removed.Why?

Posted by dompeilee > 2022-11-30 19:24 | Report Abuse

Why popular website says crack spread is still $31.3 per barrel? Used to have 10 lots of this @ a cost of 6.77...but started running @ 7.60 & sold the last lot @ 10.82 in Dec '17.

Bought back 200 shrs for AGM @ 8+ then averaged down another 400 for the recent dividend, with the new cost @ around 6.00. I guess they finally crystallized the floating paper derivative losses...Nvm lah...hold 600 shrs for another 3+ years like I did the original purchase when it was still called Shell Refining...consolation prize is that 2day is my FIFTH time trading in & out of the shrs short-term so far in '22, after coming up empty handed in 2019-2021.

This co. won't bankrupt but it could go as low as 1.80-2.00...so what?lol

Posted by Vicky > 2022-11-30 19:25 | Report Abuse

The sell down is over. Time to turn green tomorrow and grab before it comes back. Remember this is the nature of crack but HY will be ready for the next big move !

Posted by UlarSawa > 2022-11-30 19:26 | Report Abuse

MHP again kah. No need to report lah. Out from nowhere you history telling also no one bother lah. Hsiyoh. Correct?

Posted by brightsmart > 2022-11-30 19:33 | Report Abuse

Sslee, why trading loss? Many things could happen. High crude prices bought forward could be charged to purchases account .....low selling prices sold forward could have been could have been credited to sales. U are not the accountant and I don't know. What I am saying is all your bs calculations are your own imaginations without any foundation any basis.

Posted by Mikecyc > 2022-11-30 19:45 |

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Posted by Mikecyc > 2022-11-30 19:49 |

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Posted by Mikecyc > 2022-11-30 19:51 |

Post removed.Why?

Posted by Mikecyc > 2022-11-30 19:54 |

Post removed.Why?

Posted by OldWiseMan100 > 2022-11-30 19:56 | Report Abuse

OTB losing most of the money he gained from glove this year? giving back pledge....

Posted by Sslee > 2022-11-30 20:02 | Report Abuse

qqq3 the crude price and selling price for Q2 and Q3 as below:
The only unknow is why HRC paid high premium above official price for crude purchased?
And why the hedged do that protect the inventories loss? and reduce crack margin?
Why HRC products at average USD124 per barrel when Q3 average:
Gasoline $ 113.5
Diesel $ 141.4
Kero-jet $ 132.8


From Petron Corp Q3 report:
Q2 2022
Prices of Dubai crude $ (101.8X2- 95.6) = 108
Gasoline cracks $ (26.4X2-17.8) = 35. Gasoline $ 143
Diesel cracks $ (36.6X2-21.6) = 51.6. Diesel $ 159.6
Kero-jet cracks $(27.7X2-16.2) = 39.2. Kero jet $ 147.2

Q3 2022 from Petronm Corp Q3 report
Prices of Dubai crude $ (101.2X3- 95.6-108) = 100.3
Gasoline cracks $ (22X3-17.8-35) = 13.2. Gasoline $ 113.5
Diesel cracks $ (38.1X3-21.6-51.6) = 41.1. Diesel $ 141.4
Kero-jet cracks $(29.3X3-16.2-39.2) = 32.5. Kero-jet $ 132.8

From Petron Malaysia:
Q3 Dated Brent dropped by 11% to USD 101/barrel in Q3 from the USD 114/barrel in Q2.

Posted by Sslee > 2022-11-30 20:05 | Report Abuse

I3lurker,
I think the selling price is set weekly as per government setting weekly retail price for petrol and diesel.

Posted by UlarSawa > 2022-11-30 20:07 | Report Abuse

Federal Reserve Chairman Jerome Powell will have an opportunity on Wednesday to lay the groundwork for where the central bank is headed when policy makers meet next month—and he’ll likely use it to make the case for slower but steady interest rate hikes.

In a speech Wednesday afternoon at the Brookings Institution, Powell is expected to reinforce the dual message central bank officials have been making for weeks: that the Fed is on track to ease up slightly on its pace of monetary policy tightening, likely slowing to a 50 basis point increase next month after four straight 75 basis point hikes.

But at the same time, Powell will likely note as well the central bank is still focused on reining in inflation and will continue raising interest rates for months to come—and policy makers may ultimately lift rates higher than they had once expected.

“There’s no way he’s going in there tomorrow to shock and awe,” says Claudia Sahm, a former Fed economist and the founder of Sahm Consulting. “This is going to be a really strong signal to 50 [basis points].”

The speech will be one of the last and highest-profile opportunities for the Fed to set the narrative before central bank officials enter their “blackout period” ahead of the Dec. 13-14 policy meeting. It comes just two days before the release of the November jobs report, which will offer the clearest indication yet of whether the Fed’s steps to tighten monetary policy so far have begun to weaken the labor market.

Posted by Sslee > 2022-11-30 20:08 | Report Abuse

And Petronas set tgeir selling price of varies crude monthly.

Q3 Petdag actually make increase PAT.

Posted by UlarSawa > 2022-11-30 20:10 | Report Abuse

Reuters

2022-11-30 19:37

BYD COMPANY
+5.22%
BYD Co., Ltd.
+5.50%
(Reuters) - BYD was the top-selling car brand in China in the first four weeks of November, brokerage data showed, outperforming the Volkswagen brand in a reversal that highlights the pressure on legacy brands in the world's largest auto market.

Tesla's retail sales in China also nearly doubled in November, from a year earlier, after the U.S. automaker cut prices and offered incentives on its Model 3 and Model Y, the data from China Merchants Bank International (CMBI) showed.

Retail sales for BYD totaled 152,863 vehicles from Nov. 1 to Nov. 27, logging a nearly 83% increase in average daily sales compared to the same period a year earlier, according to the data.

BYD's tally was higher than Volkswagen's retail sales of 143,602 retail sales and Toyota Motor Corp's 115,272, which were 0.3% and 0.5% lower, respectively, on the year.

However, the Volkswagen AG group still outsold BYD, when the 36,847 units sold under the Audi brand are included.

If the retail sales trend holds for the full month, it would be the first time that BYD, which only began making cars in 2003, has topped the sales charts in China and the first time a company with a line up of plug-in hybrids and pure electric vehicles (EVs) has led the charts.

Overall retail sales of cars produced in China fell 7% year-on-year in terms of average daily sales in the first four weeks of November, compared to the 2% decline in the first three weeks of October, according to CMBI data.

Established global carmakers, other than Tesla, have been losing sales and market share tumble in China to their domestic rivals who win consumers with a wider range of affordable EVs and features like in-car entertainment and autonomous drive.

Stellantis said in October that its Jeep joint venture in China would file for bankruptcy, the first JV failure by a foreign brand in the EV era.

Other established brands, including Volkswagen, General Motors , Ford and Hyundai , have seen plant usage in China fall by between 30 percentage points and over 50 percentage points in the past five years.

Posted by Sslee > 2022-11-30 20:18 | Report Abuse

Ular capital A net loss RM 901.31 million in Q3, so tomorrow will drop how much?

KUALA LUMPUR (Nov 30): Capital A Bhd, formerly AirAsia Group Bhd, posted a wider net loss of RM901.31 million for its third quarter ended Sept 30, 2022 (3QFY2022), compared with RM887 million in the corresponding quarter in FY2021, as the group was impacted by a share of loss from associates and foreign exchange losses.

Posted by IshraaqNor > 2022-11-30 20:26 | Report Abuse

Harga saham HY terus terjunam selepas keputusan Q3 yg lemah disampaikan...

Posted by UlarSawa > 2022-11-30 20:27 | Report Abuse

Capital A still ada orang caya Anthony kah. Haiyoh. Boleh?

Posted by UlarSawa > 2022-11-30 20:31 | Report Abuse

SIA GROUP POSTS HIGHEST HALF YEAR AND QUARTERLY OPERATING PROFIT IN HISTORY, RESUMES DIVIDEND PAYMENT • Record $1.23 billion half year and $678 million quarterly operating profit • Proactive fund raising, talent retention, and resource deployment initiatives positioned the Group to capture the surge in travel demand • Robust near-term forward passenger sales across all cabin classes • Potential headwinds in 2023 from inflationary pressures and global economic uncertainties • Interim dividend of 10 cents per share to be paid in December

Posted by UlarSawa > 2022-11-30 20:32 | Report Abuse

SIA making tons of money already leh. Capital A still loss making kah. Kesian. Correct?

Posted by UlarSawa > 2022-11-30 21:12 | Report Abuse

Buffolo ctr pre market ada naik leh. Ada kfc again. Haiyoh. Correct?

Posted by UlarSawa > 2022-11-30 21:16 | Report Abuse

Haiyoh Genting promoter takda promoter haram ctr mari sini korek kubur kah. Genting HK sudah banklap leh. You promote the Genting brand sampai Genting HK pun kena tanam masuk kubur leh. Haiyoh. Correct?


Posted by emsvsi > 2 hours ago | Report Abuse

THIS ULARSAWA EVERYDAY CORRECT CORRECT KOREK LUBANG KUBUR KA LU

Posted by brightsmart > 2022-11-30 21:19 | Report Abuse

Forwards and hedging....forwards can be just one transaction being sell forward for physical deliveries.
Hedging involves two transactions one real and one virtual.
Accounting is different. Sslee, don't put so much faith in your bs calculations


There are too many variables to be exact

Posted by brightsmart > 2022-11-30 21:25 |

Post removed.Why?

Posted by Sslee > 2022-11-30 21:27 | Report Abuse

qqq3 for inventories hedging when you buy your crude from physical market you quicky enter a virtual sell 2 months forward commodity swap contract on your refined products.

So after 2 months that batch of crude (delivery, stocks and process into refine products for selling physical). If physical refined products price drop (physical your refine product earned less) but you will get a gain on cash settlement matured commodity Swap contracta on your refined product and vice versa you hedged 2 months ago.

Posted by brightsmart > 2022-11-30 21:33 | Report Abuse

Buffalo counters? Not interested....wall Street no direction....but HK is ready to pounce

Posted by brightsmart > 2022-11-30 21:34 | Report Abuse

One green light from Xi, China ready to bounce

Posted by Sslee > 2022-11-30 21:36 | Report Abuse

And by the way when you do long term refining margin hedged swap contracts on diesel, mogas and jet fuel and when this refining margin matured at the period your crack spread margin turn negative. Then you loss in physcical business of buying crude and selling refine finished products but gain on cash settlement refining margin swap contracts entered many months ago.
Vice versa.

Posted by brightsmart > 2022-11-30 21:40 | Report Abuse

Sslee.....analysts refused to cover Hy and petron because they don't want to be embarrassed......now tell me, analysts smart or not ? Or u are the smart one embarrassing yourself with your wrong analysis?

Posted by UlarSawa > 2022-11-30 22:09 | Report Abuse

Uncle Koon tulis blog again leh. Cham lor many kutuk Uncle Koon luan luan tulis article on HY leh. Now proven Uncle Koon pun takda salah leh. So next time tak mau kutuk Uncle Koon dunno apa tu crack Spread leh. Now Uncle Koon cakap next QR pun will be loss making leh. Cham lor. Dunno ada orang not agree or not with Uncle Koon tilikan for next QR loss leh. Haiyoh. Correct?

Posted by UlarSawa > 2022-11-30 22:09 | Report Abuse

https://klse.i3investor.com/web/blog/detail/koonyewyinblog/2022-11-30-story-h-304692304-Hengyuan_will_continue_to_report_more_losses_Koon_Yew_Yin

Posted by UlarSawa > 2022-11-30 22:14 |

Post removed.Why?

Posted by brightsmart > 2022-11-30 22:19 | Report Abuse

cham lo........................now uncle also hantam..............again.

Posted by UlarSawa > 2022-11-30 22:28 | Report Abuse

Haiyoh Buffolo ctr turun balik again leh. Ular beli balik again at lower price round 3 leh. Why koboi so easy can get kfc one leh. Why bursa ular tunggu tunggu tulang pun belum dapat lagi leh. Kesian bet wrong horse leh. Haiyoh. Correct?

Posted by UlarSawa > 2022-11-30 22:33 | Report Abuse

Cham lor Buffolo ctr open terus gap down leh. Kena tunggu liao. Haiyoh. Correct?

Posted by NatsukoMishima > 2022-11-30 22:34 | Report Abuse

HY always spookes investors in their qr , it can be good for 1 qr but suddenly huge loss at qr ahead , if u are not gambler better avoid this stock , it might drop to rm 2.00 if continue net loss !

Posted by UlarSawa > 2022-11-30 22:37 | Report Abuse

HY yearly still profitable lagi leh. Only like Uncle Koon cakap erratic earning only. Ada plus ada minus. Harga saham pun ikut only. Haiyoh. Correct?

Posted by UlarSawa > 2022-11-30 22:38 | Report Abuse

TiGong popi popi ular Buffolo ctr rebounded again. Ada kfc again liao lor but ular mau greedy sikit waiting abalone leh. Boleh?

Posted by UlarSawa > 2022-11-30 22:41 | Report Abuse

HY is a good ctr to judi leh. If you see the trend not that difficult to judi also leh. Siapa mau try their judi skill can try leh. No harm polish your judi skill also leh. Haiyoh. Correct?

Posted by UlarSawa > 2022-11-30 22:44 |

Post removed.Why?

Posted by UlarSawa > 2022-11-30 22:52 | Report Abuse

Cham lor. Mau abalone now kfc pun no more leh. TiGong punish ular greedy leh. Sob Sob. Correct?

Posted by Mikecyc > 2022-12-01 05:07 |

Post removed.Why?

Posted by Mikecyc > 2022-12-01 05:29 |

Post removed.Why?