Won big in Genting Singapore, myeg, Hibiscus, Pchem and Harta. Sold 50% of my holding in Genting Singapore and transferring the fund back to support HengYuan. Cheers!
Last quarter shocked by the crude inventory and hedging even though high crack spread margin. Not sure about latest quarter. This Chinaman company never failed to surprise.
James_bond the Armada still undervalued. Trading at PE 5.70. Should look at safety margin from valuation perspective. Doesn't matter how much the price has appreciated, it still very much undervalued (cheap).
HY estimated EPS 50 cents x 4 quarters ie 200 cents! PE less than 2. That’s why estimated earning only 50 cents per quarter, instead of 100 to 200 cents in anticipation of possible hedging loss.
Expecting HY profits will be better with the completion of euro 4 mogas, euro 5 gasoil, Hydrogen manufacturing unit. Remember, when crack spread about 10+, HY share price was selling more than 10+ many years ago even without euro 4 mogas, euro 5 gasoil, Hydrogen manufacturing unit.
Simple fact finding from the HY worker that HY would be able to sell more profitable refinery products once euro 4 mogas, euro 5 gasoil, Hydrogen manufacturing unit completed. Cheers!
Let me share a story to all of you with the heart of loving kindness again…
There is an old monk in the temple. The temple is on the mountain.
One day, many investors who speculated in stocks came to the temple. At the Bodhisattva, the investors said that the shares fell sharply, and we lost a lot of money, and did not know how to get rid of the suffering.
The old monk has been compassionate to those investors. He bought up the shares and saved those people with the heart of loving kindness.
Many days later, those investors came to the temple to burn incense, and they were all excited, begging the monk to sell the shares to them. Out of loving kindness, the monk sold the shares to them.
Soon after all the shares in the were sold, and the market fell sharply.
The old monk made a lot of money back and forth, and everyone asked the old monk for advice on share trading.
The monk said: "I have NO CRAVING for anything is the SECRET! Merely holding a KIND HEART!"
Core value of this analogy is so close to the Modus Operandi of someone here who collects subscriptions, buy first, spread the news to buy and run first....and all the while pretends to be so Holy..........hahahaha
Euro 4 and Euro are just emission complaint. Nothing to do with throughput and refining capacity. For the past few years, no refining expansion. Please don't mislead people.
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....
pang72
49,608 posts
Posted by pang72 > 2023-04-04 21:10 | Report Abuse
Brent up usd86 up 1..
Inventory gain..