Yes nothing wrong with what I write........ stock market is forward looking not backwards looking and the worse is over for hengyuan....last few sessions nothing unusual, it's hengyuan following general market sentiments
The (loss)/profit before taxation is arrived at after (crediting)/ charging: RM'000 Fair value loss on derivative financial instruments : 461,939
Just wonder why HRC outdtanding derivatives the liabilities are always higher than assets? So when and under what conditions will HRC start to make money from derivatives hedging?
Fair value of financial instruments that were outstanding as at the reporting date are detailed below: Contract/ Notional amount Assets (Liabilities) USD’000: RM’000: RM’000 Financial assets/(liabilities) – Level 2 31.12.2022 Forward foreign currency contracts 181,500: - :(12,659) Commodity swap contracts 119,734 :- :(40,158) Refining margin swap contracts 235,068 :116,530 :(839,801)
Further to our announcement dated 24 November 2022 in relation to the public shareholding spread of Berjaya Land Berhad (“BLand” or “Company”), the Board of Directors of BLand wishes to announce that the public shareholding spread of the Company as at 22 February 2023 was 12.26%.
Bursa Malaysia Securities Berhad had, vide its letter dated 20 September 2022, granted BLand further extension of time of 6 months until 22 March 2023 to comply with the approved public shareholding spread of 20% (“Approved Public Spread”).
The Board of Directors and the Management of BLand are continuing to explore options to address the shortfall in the Approved Public Spread.
Bjcorp need to take over bjland as promised by former CEO Jalil to steamline the business for better efficient and the good of shareholders of bjland and bjcorp.
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....
Johnchew5
10,367 posts
Posted by Johnchew5 > 2023-02-27 07:04 |
Post removed.Why?