Posted by brightsmart > 2023-04-03 12:17 | Report Abuse

Bot Hy today

Posted by brightsmart > 2023-04-03 12:19 | Report Abuse

This Hy usually like this, strong quarter after two bad quarters

Posted by Investing_Bursa > 2023-04-03 12:21 | Report Abuse

Everyday ban ban climb is good

Posted by Star8888 > 2023-04-03 12:27 | Report Abuse

What I can say, don't get con again. This cannot be trusted.

Posted by Star8888 > 2023-04-03 12:28 | Report Abuse

Sell all Hengyuan to buy more Armada.

Posted by nicholas99 > 2023-04-03 13:02 | Report Abuse

yameh

Posted by i3lurker > 2023-04-03 13:13 | Report Abuse

world flooded with crude.
many predict 60.00
so OPEC cut production
this means the China Gap buying from Russia at 60 for resale will be maintained

Posted by i3lurker > 2023-04-03 13:29 | Report Abuse

China cannot resell Urals but can resell diesel so end products prices all flooded cheap cheap
Heng Yuan dies.
US refineries will not export end products.

Another round of OPEC cut later.
OPEC will keep cutting production and Russia will increase production unless Ukraine bomb Russian oil fields

Posted by Yu_and_Mee > 2023-04-03 13:35 | Report Abuse

so can buy hengyuan or cannot buy?
can buy oil counters or cannot?
if hengyuan die, will armada also die?
i felt you all making thing complicated.
may be you all just chitchat to pass time only hahahahhaa
you all really kaya-raya people, no need to work, just trading

Posted by James_Bond > 2023-04-03 13:50 | Report Abuse

Time will tell if Bro Pang investment in HengYuan is correct or not… at the moment, it sounds like Bro Pang is right about HY…

All the best to you, Bro Pang and the rest of HY shareholders! We shall Huat big and ride the wave up to above 8 in this bullish market!

Cheers!

Posted by James_Bond > 2023-04-03 16:23 | Report Abuse

Investing in HY is risky. High risk comes with high returns. Same goes to buying Capital A and AAX shares. You could see how high can they go… haha…

Posted by Investing_Bursa > 2023-04-03 16:38 | Report Abuse

At rm3.++ levels, risk is quite low actually. Buying at this levels and hold for medium
Term shd be very profitable

Posted by James_Bond > 2023-04-03 16:56 | Report Abuse

Smart Bro Pang and Bro Bursa! Congrats for your successful investment in HY! Cheers!

Posted by IshraaqNor > 2023-04-03 18:32 | Report Abuse

Menujuk ke harga RM4

Posted by Sslee > 2023-04-03 19:37 | Report Abuse

HRC buy crude oil at premium to Brent. Hence raw mat cost increase is bad news for HRC.

The only bright spot is HRC keep about 1 to 1 1/2 months crude.

Posted by brightsmart > 2023-04-03 19:42 | Report Abuse

y Sslee > 2 minutes ago | Report Abuse

HRC buy crude oil at premium to Brent. Hence raw mat cost increase is bad news for HRC.

The only bright spot is HRC keep about 1 to 1 1/2 months crude.
======


say what u want but hy do well when oil up nd don't do well when oil down.

Posted by Sslee > 2023-04-03 20:01 | Report Abuse

By right all oil refinery should make good profit bacause the crack spread is still very good. Abou USD 15+ per barrel.
Price different between Mogas92 and Brent is USD 15+ per barrel.

The only thing unknow is HRC purchase their crude at what premium to Brent?


SINGAPORE MOGAS 92 UNLEADED (PLATTS) BRENT CRACK SPREAD FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT)

NYMEXD1N1!

Market open
15.198USDD
−0.152
−0.99%

Posted by James_Bond > 2023-04-03 20:08 | Report Abuse

Crude Brent oil USD 85 now. Wow, Bro Pang good job. Could imagine like, smell like, looks like, feel like you r right again! Congrats Bro Pang and the rest of HY comrades! Bro Pang, your buy call on HY, shifting local bursa theme to oil theme! Thumb up x100!

Posted by James_Bond > 2023-04-03 20:11 | Report Abuse

Bro Pang, correct me if I m wrong, when crack was 15 in the good old days, HY was priced at 15-18 per share?

Posted by James_Bond > 2023-04-03 20:19 | Report Abuse

Wow, that would be whooping +500% profits!

Posted by Sslee > 2023-04-03 20:26 | Report Abuse

Becareful as at 31.12.2022 the outstanding refining margin swap contracts is net liabilities of RM 723,271,000

In Q3 2017 when HRC Q3 Net profit of RM 361.77 million is due to 2017 hurricane Harvey shuttered about 20 percent of U.S. refining capacity causing refining margin spike and HRC enjoyed the full benefit of the hike without financial derivatives gain/loss.

But today HRC is like casino betting heavily on derivative hedge that look like, smell like and sound like profit transfer to xxxxx.

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)

Posted by Sslee > 2023-04-03 20:30 | Report Abuse

Remember the lesson learned.

Fool me once, shame on you. Fool me twice, shame on me. Fool me three times, shame on both of us.- Stephen King

Posted by brightsmart > 2023-04-03 21:21 | Report Abuse

yeah...the real thing I make money on hy every time I come to hy......my record on HY very good.

Posted by searchingmoney > 2023-04-03 21:31 | Report Abuse

Chinamen treat ah heng like casino...

Posted by brightsmart > 2023-04-03 21:36 | Report Abuse

don't say chinaman cannot buy.....anwar don't like to hear that. Anwar took a 200 member delegate to beijing and came back 170 billion mou..........

Posted by brightsmart > 2023-04-03 21:43 | Report Abuse

oil in hot play....don't like oil can also green energy play....... up to u la.

but oil, u can only play when hy is around this level not when it is 7.

Posted by James_Bond > 2023-04-03 21:53 | Report Abuse

Wow, HY really Heng Ong Huat! Congrats!

Posted by pang72 > 2023-04-03 21:55 | Report Abuse

Dow up 300pts.
Tmr, HRC gap up again..

Hoho!!

Posted by brightsmart > 2023-04-03 22:28 | Report Abuse

Biden/ FED have their hands full...............de dollarisation, rise of BRICS+ and Opec+, risk of inflation, risk of recession, banking crisis, unrealized losses of banks. ...what u going to do?

do what is proven to be true..........oil rises good for HY.

Posted by brightsmart > 2023-04-03 22:49 | Report Abuse

Biden/ FED have their hands full...............de dollarisation, rise of BRICS+ and Opec+, risk of inflation, risk of recession, banking crisis, unrealized losses of banks. ...what u going to do?

not many sure thing left......................not many themes left to play.

Posted by success2628 > 2023-04-04 07:21 |

Post removed.Why?

Posted by Sslee > 2023-04-04 08:30 | Report Abuse

Finally mogas95 is more expensive than gasoil(diesel)

SINGAPORE MOGAS 95 UNLEADED (PLATTS) FUTURES (CONTINUOUS: NEXT CONTRACT IN FRONT)
NYMEXAV02!
Market open
103.993USDD
+5.508
+5.59%

NYMEX Singapore GASOIL PLATTS Futures - (SGBc1)
CME
Add to Watchlist
102.82
-0.11
(-0.11%)

Posted by pang72 > 2023-04-04 09:18 | Report Abuse

Ooo yeap...
Then, good news..
Everything is up... from margin to selling price

Posted by brightsmart > 2023-04-04 09:52 | Report Abuse

Sslee

Finally mogas95 is more expensive than gasoil(diesel)
=========


so? I always grow up thinking diesel is the cheaper dirtier alternative.

Posted by pang72 > 2023-04-04 11:03 | Report Abuse

Brent above usd85 liao

Posted by pang72 > 2023-04-04 11:04 | Report Abuse

PETRON turns to up.. 6c
Hrc down 1c

Posted by pang72 > 2023-04-04 11:15 | Report Abuse

Price is steady for collection.

Posted by brightsmart > 2023-04-04 11:17 | Report Abuse

I have park some at 3.56

Posted by brightsmart > 2023-04-04 11:17 | Report Abuse

To buy

Posted by pang72 > 2023-04-04 11:26 | Report Abuse

While some refining cracks will weaken over 2023 due to slower demand growth and new refinery startups, diesel cracks will likely stay much stronger than historical averages in 2023.

The report said that gasoline cracks are forecast to strengthen sharply for the second quarter.

2ND QR COMING..
GASOLINE CRACK REALLY STRONG AS PER FORECAST!!?

Posted by pang72 > 2023-04-04 11:27 | Report Abuse

No wonder, semua quietly buy

Posted by Investing_Bursa > 2023-04-04 12:06 | Report Abuse

Today conso day. Ban ban lai

Posted by IshraaqNor > 2023-04-04 12:42 | Report Abuse

Org beli semasa ada org cakap HY akan jadi bloodbath

Posted by James_Bond > 2023-04-04 15:24 | Report Abuse

Collected 3.55! Cheers!

Posted by James_Bond > 2023-04-04 15:25 | Report Abuse

Oil is bullish! It will drag all boats up! —mark my words!

Posted by James_Bond > 2023-04-04 16:04 | Report Abuse

Collected 3.54! Cheers!

Posted by James_Bond > 2023-04-04 16:15 | Report Abuse

Brent oil USD 85.47!

Posted by James_Bond > 2023-04-04 16:16 | Report Abuse

Don’t say bojio ya…

Posted by RWG > 2023-04-04 19:32 | Report Abuse

stuck at 5.50

Posted by pang72 > 2023-04-04 21:09 | Report Abuse

You will get out from 5.5 soon..
Be patient...

The crack margin is enough for HRC to turn positive now
Share price shall rise accordingly with superd earning