Posted by BobAxelrod > 2023-05-25 11:57 | Report Abuse

Sslee, no feedbacks from your whistleblowing queries...........so sad!!.......best and responsible shareholder and no hew you?? Took the troubles to do so much homework, gone to waste??

Posted by Sslee > 2023-05-25 12:22 | Report Abuse

Dear Haniza Abdul Hamid
IR Contact: HRCPD-Corporate-Affairs@hrc.com.my

I tried to follow yesterday's HRC 64th AGM (LIVE STREAM MEETING) from my Indonesia workplace but facing technical problems: “Firefox detected a potential security threat and did not continue to vimeo.com because this website requires a secure connection.
What can you do about it?
vimeo.com has a security policy called HTTP Strict Transport Security (HSTS), which means that Firefox can only connect to it securely. You can’t add an exception to visit this site”

I quote your previous email, “Please also be advised that the Board/Company will endeavour to answer the questions submitted through the TIIH Online Website at the AGM. If there is time constraints, the responses will be e-mailed to shareholders within fourteen (14) days after the AGM date.”

Will HRC kindly email to me a copy of BOD/Management answers to my AGM questions within (14) days after the AGM?

Thank you
Have a good day

Best Regards
Lee Soon Sheng

Posted by IshraaqNor > 2023-05-25 16:35 | Report Abuse

Susah. tak ada balasan drpd mereka, Sslee?

Posted by Sslee > 2023-05-25 17:31 | Report Abuse

Can HRC beat Petronm Q1 2023 PBT of RM 146,838,000?

Posted by i3lurker > 2023-05-25 17:44 | Report Abuse

whatever money companies make never belongs to minorities unless paid as dividends or share buyback.

I had always considered company profits as fake money, and somehow that works very well.
Especially for cases like Serba and XinqGuan

Posted by BobAxelrod > 2023-05-25 17:52 | Report Abuse

Beat that mark?..You mean HRC has been cured of gambling addiction???? F..ar O..ut!

Posted by Sslee > 2023-05-25 19:42 | Report Abuse

I3lurker,
Petronm dividend 25 cents coming.

Subject Type Amount Ex Date
Final Dividend DIVIDEND 0.2500 19/06/2023

Posted by kebling98 > 2023-05-25 22:19 | Report Abuse

Hengyuan pending derivatives loss drag down profit lah
If No loss in profit before tax consider good loh

Posted by Mikecyc > 2023-05-26 00:04 | Report Abuse

Haha 25 sen Dividend Payments Date on 4/7/2023 .. Market Open Price shl adjusted down with the Dividend Payment amount …


Posted by Sslee > 4 hours ago | Report Abuse

I3lurker,
Petronm dividend 25 cents coming.

Subject Type Amount Ex Date
Final Dividend DIVIDEND 0.2500 19/06/2023

Posted by kebling98 > 2023-05-26 00:47 | Report Abuse

Ask sifu cowboy to read Hengyuan reports,
Sifu Cowboy conclusions really interesting loh

Hengyuan will make hundred millions/ quarter from second quarter 2023 to third quarter 2024 loh
Provided crack margin keep below 12 lah

Sound weird lei. I not understand too
I thought margin up up is good.

But sifu cowboys is expert in valero loh. He estimates Hengyuan will made 900millions in 2023. Right or not kebling tak tahu yah. Do your own research yah.

Posted by Michael Kwok > 2023-05-26 01:03 | Report Abuse

Heng yuan 3.25(Sell on strength)
Tp below rm 2.90
26/5/23 1.03am

Posted by IshraaqNor > 2023-05-26 17:14 | Report Abuse

Naik hari ni sebaliknya... sabar dan tunggu QRnya keluar

Posted by Sslee > 2023-05-27 13:29 | Report Abuse

https://klse.i3investor.com/web/blog/detail/Sslee_blog/2023-05-27-story-h-269629315-Petronm_s_64th_AGM_questions

Please feel free to comment.
Will send out the email next week

Posted by IshraaqNor > 2023-05-29 17:54 | Report Abuse

Petronm dah keluar Q1, amat bagus. HY pun sama saya rasa

Posted by speakup > 2023-05-29 18:23 | Report Abuse

HY results out. Big loss

Posted by Sslee > 2023-05-29 19:09 | Report Abuse

Petronm Q1 EPS 40.30 cents
HRC Q1 EPS negative 40.18 cents.

Posted by RWG > 2023-05-29 19:12 | Report Abuse

china compnay really cheat ppl

Posted by RWG > 2023-05-29 19:20 | Report Abuse

tutup lagi baik ini refinery

Posted by Ahahah > 2023-05-29 19:24 | Report Abuse

Something wrong with this company. Internal people said they did vary well but big red again.

Posted by RWG > 2023-05-29 19:26 | Report Abuse

hengyuan tp 0.20sen

Posted by ncy810116 > 2023-05-29 20:10 | Report Abuse

NTA improve. better than 5168

Posted by Amoneymous > 2023-05-29 21:14 | Report Abuse

Something is really wrong with the QR and management.

Posted by FreshMango > 2023-05-29 21:37 | Report Abuse

is bad. is so bad. is so so so bad.💩💩💩

Posted by StartOfTheBull > 2023-05-29 21:45 | Report Abuse

This is a "Chinaman" company. Should becareful before buy in long ago.

Posted by RWG > 2023-05-29 21:55 | Report Abuse

habis la , hengyuan

Posted by VincentTang > 2023-05-29 22:33 | Report Abuse

Sell hengyuan and buy petronm

Posted by Vicky > 2023-05-29 23:13 | Report Abuse

Gap down...gap dawn tomorrow !

Posted by kebling98 > 2023-05-29 23:45 | Report Abuse

If take out 490m derivatives liabilities that occurred 2Q last year
hengyuan dapat gross profit 440millions

this quarter is excellent lah! Gross profit this quarter actually is 440 millions lah
Haiyoh

Moving forwards
Hengyuan will enjoy derivatives hedging gains

Due to hedging strategies
Hengyuan ni different to others refinery stock loh
This year others refinery hard to make profits loh
2023-2024 sep is hengyuan harvest time
They hedge from 9.5-36 loh
Refining margin very thin nowadays lah
Hedging contracts turn hundred millions soon lah

Tomorrow buy on dip

Posted by kebling98 > 2023-05-29 23:47 | Report Abuse

You will see hedging gains next quarter yah
Read the A18 please yah

Posted by Bon888 > 2023-05-29 23:51 | Report Abuse

Operating Cash flow 📛 910 million 😱

Posted by kebling98 > 2023-05-30 00:12 | Report Abuse

For April -May 2023
Global refining margins is about usd 4 by average loh
Others refinery going to loss in 2Q loh

But since hengyuan hedge at 24-36 in 2Q last year
Hengyuan will gains 1100 millions for the hedging done in 2Q.
And 270millions for others quarter
Estimate only yah

Hengyuan is difference to others refinery lah
Because hengyuan is the only one crazy in hedging activity lah
That’s is why hengyuan loss so much last year when others is making’s money lah

Posted by kebling98 > 2023-05-30 00:14 | Report Abuse

Those not understand deferred tax will panic sell dnex
Those not understand derivatives hedging will panic sell hengyuan

Posted by DickyMe > 2023-05-30 00:17 | Report Abuse

Once was trading around RM 7.xx.
Already 50% became ash!
Still have hope in this Chinese company?
Most of the Chinese companies registered are penny stocks now.
Real Hustlers!

Posted by kebling98 > 2023-05-30 00:18 | Report Abuse

Profit after tax should be 200-300 millions loh
Haiyah about 490m liability is from last year mah
This quarter hedging is gain lah , don’t focus eps only lah
read report please lah

Posted by Bon888 > 2023-05-30 00:50 | Report Abuse

Adui old man sing old song...

Posted by StartOfTheBull > 2023-05-30 06:04 | Report Abuse

Wish him one road follow the wind, goodbye.

Posted by kebling98 > 2023-05-30 07:21 | Report Abuse

nta melonjat dari 4..579 to 5.56
Year end back to 7 lah since derivatives gains so huge



Please panic sell yah
I want buy at 2.5 yah

Posted by dompeilee > 2023-05-30 07:25 | Report Abuse

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
31.03.2023
Forward foreign currency contracts 195,000 2,964 (8,689)
Forward priced commodity contracts 75,434 17,143 -
Refining margin swap contracts 185,301 55,326 (320,202)
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 i3lurker > 2023-05-30 07:41 | Report Abuse

HRC financial situation been deteriorating past few quarters.
Its so bad even revenue dropped RM500 million.
If US companies, entire BOD and CEO already sacked long ago,

another 4 quarters of financial deterioration and it will become irreversible.

If in paper profits, must sell
If in paper loss, depending on your percentage of loss, HRC still has some hope.
Urgent cut loss scenario not reached yet.
Still can do high risk hold depending on your risk appetite which only you know yourself.

Posted by i3lurker > 2023-05-30 08:15 | Report Abuse

Urgent cut loss scenario not reached yet.

Posted by kebling98 > 2023-05-30 08:21 | Report Abuse

Hengyuan hedge huge refining margin in 2021 4Q loh
Hedging margin around 11-12 , for every months until September 2024 loh
(Not 100% of the sales volume yah ) they hedge for above 12 in 2022 1Q , and 24-36 in 2Q. Valero and marathon no this action loh. Only crazy hengyuan doing this gambling thing.

Nowadays, us refinery suffering for low refining margin loh
They need refining margin 4-5 to break even lah
But refining margin is very very low now

The only one benefit is Hengyuan loh
They had lock in their refining margin at least 12 until Sep 2024

That’s why my cowboy sifu ask me to sell valero but follow hengyuan lah
Wait the right time to enter…. 2.5 ?
Last year lose so many money in this counter…

Posted by i3lurker > 2023-05-30 08:30 | Report Abuse

You have totally no idea what is derivative
high interest rate regime now
=> derivatives are high interest costs products.
interests are charged as swap rates and shown as cost of derivatives.

=> HRC is at borderline bankruptcy due to buying too much derivatives.
except that if recession, then interest rates will dive down and HRC will be rescued

=> If you buy HRC you better pray for recession, millions unemployed, hungry, suicide and crying everyday.
and hope people like Phillip jump from Merdeka 118 [refer sslee]

Posted by Cass > 2023-05-30 08:33 | Report Abuse

DTL become lower ( -563m ), equity cash flow hedge seem like almost finish reclass to pnl. FV loss only declare 252m really surprise me. Is it means this quarter start hedge gain?

Posted by i3lurker > 2023-05-30 08:40 | Report Abuse

ordinary investors have zero idea
thats why wise investors avoid HRC
=> HRC anytime can hedge or dun hedge, nobody knows why

to me HRC is hedging themselves to bankruptcy in this high interest rate regime.
Recession better come very soon or HRC stop all hedging.

funny thing is during recession interest rate comes down
but do you thing during recession HRC will do well?

Conclusion:-
Recession HRC die,
No Recession HRC also die from high interests
Is that an investable company?


Posted by Cass > 1 minute ago | Report Abuse

DTL become lower ( -563m ), equity cash flow hedge seem like almost finish reclass to pnl. FV loss only declare 252m really surprise me. Is it means this quarter start hedge gain?

Posted by i3lurker > 2023-05-30 08:52 | Report Abuse

My analysis is that HRC ramped up hedging to billions
HRC caught unaware and unprepared when FOMC rapidly ratcheted up US interest rates.
To avoid bankruptcy HRC took 5 Billion loan as standby, [a good move]
no matter how you spin it, it comes out as very bad.

All oil derivatives in USD
and interest charged as swap rates is calculated as US interest rates

Posted by Sslee > 2023-05-30 09:14 | Report Abuse

Each barrel of crude oil is refine breakdown into 3 major component product, with largest component is diesel, second is RON gasoline and lastly refine jet fuel

1. Gasoil/diesel crack spread chart (historical highest level range)
https://www.tradingview.com/symbols/NYMEX-GOC1%21/

2. Gasoline/petrol RON 92 crack spread spread chart (normalize level range)
https://www.tradingview.com/symbols/NYMEX-D1N1%21/

3. Kerosene/ jet fuel crack spread (at historical highest range level)
https://www.tradingview.com/symbols/NYMEX-ASD2!/

Posted by Sslee > 2023-05-30 09:15 | Report Abuse

https://www.tradingview.com/symbols/NYMEX-AV02%21/

https://www.investing.com/commodities/nymex-singapore-gasoil-platts-c1-futures-historical-data

Posted by Sslee > 2023-05-30 09:17 | Report Abuse

https://tradingeconomics.com/commodity/brent-crude-oil

Posted by Bon888 > 2023-05-30 09:19 | Report Abuse

The management treat this business like banker player table. 🎲

Posted by speakup > 2023-05-30 09:25 | Report Abuse

So bad results only down 9¢?