HENGYUAN REFINING COMPANY BERHAD

KLSE (MYR): HENGYUAN (4324)

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Last Price

2.05

Today's Change

-0.01 (0.49%)

Day's Change

2.04 - 2.08

Trading Volume

421,500


33 people like this.

124,237 comment(s). Last comment by yongyong88 4 days ago

Jerichomy

4,346 posts

Posted by Jerichomy > 2023-05-18 19:33 |

Post removed.Why?

kebling98

317 posts

Posted by kebling98 > 2023-05-19 12:25 | Report Abuse

Price had show result is very bad lei

IshraaqNor

671 posts

Posted by IshraaqNor > 2023-05-19 16:50 | Report Abuse

Tak pasti...tunggu HY keluar minggu depan baru tahu

kebling98

317 posts

Posted by kebling98 > 2023-05-20 00:02 | Report Abuse

Highlights of the first quarter performance were as follows:
Consolidated Sales Volume was up by 11% to 28.59 million barrels (MMB) versus 25.67 MMB in the same period last year. Except for exports, all Sales Trade posted improvements from the growing fuel demand. Commercial sales grew owing to the rebound in the aviation sector as more countries lifted their COVID-19 quarantine protocols. Retail sales also continued its recovery resulting from the increased mobility in both Philippines and Malaysia
Net Sales rose by 10% to P= 188.75 billion primarily from the growth in sales volume. Meanwhile, the effect of lower benchmark Dubai average from USD95.56/bbl in 1Q 2022 to USD80.32/bbl this year was partially offset by the depreciation of the peso against US dollar from P= 51.54/USD to P= 54.84/USD.
Similarly, Cost of Goods Sold increased by 10% to P= 176.72 billion from higher sales volume. While commodity prices softened this year, the strong regional refining cracks were sustained improving gross profit by P316 million to P= 12.04 billion from =P 11.72 billion last year
Selling and Administrative Expenses was 10% higher at P= 4.01 billion as against P3.64 billion in the 1Q last year due to the increase in maintenance and repairs at the service stations, terminals, and IT-related assets and LPG cylinder purchases.
Other Operating Income increased to P= 394 million from P= 351 million attributed to higher rental income

kebling98

317 posts

Posted by kebling98 > 2023-05-20 00:07 | Report Abuse

Petron is making 100m profits
Hengyuan lei?
Loss again?
Or make 200m profits?
Whole market awaiting red red report
Later profit 50m with no more derivatives loss
Limit up hahaha

Sslee

7,017 posts

Posted by Sslee > 2023-05-20 07:04 | Report Abuse

The 2023 Atlantic hurricane season is the current hurricane season in the Atlantic Ocean. It officially begins on June 1, 2023, and ends on November 30, 2023. These dates, adopted by convention, historically describe the period in each year when most tropical cyclogenesis occurs in the Atlantic (over 97%)

Pre-season forecasts

On December 6, 2022, TSR released the first early prediction for the 2023 Atlantic season, predicting a slightly below average year with 13 named storms, 6 hurricanes, and 3 major hurricanes.[5] Their updated prediction on April 6, 2023, called for a similar number of hurricanes and major hurricanes, but reduced the number of named storms by one.[6] The following day, the University of Arizona (UA) posted their forecast for a very busy season featuring 19 named storms, 9 hurricanes, 5 major hurricanes, and an ACE index of 163 units.[7] On April 13, CSU researchers released their prediction of 13 named storms, 6 hurricanes, 2 major hurricanes, and an ACE index of 100 units.[13] Also on April 13, TWC posted their forecast for 2023, calling for 15 named storms, 7 hurricanes, and 3 major hurricanes.[9] On May 1, PSU released their forecast for 12–20 named storms.[11] While most organizations expressed growing confidence in the development of an El Niño, which typically suppresses Atlantic hurricane activity, TWC, UA, PSU and CSU noted that well above average ocean temperatures in the Atlantic basin could yield greater activity, particularly if a weaker El Niño event materializes

kebling98

317 posts

Posted by kebling98 > 2023-05-20 20:09 | Report Abuse

Coming report, eye on derivatives yah
If the deriviatives loss had turn around lei
meaning forwards, hengheng will start enjoying derivatives gains loh

After petron results out , petron will move to 5
Hengheng will follow a bit and if hengheng result is good good one
Hengheng fly back to 4.2-4.6

If tapis price keep at this low level lah
than in Year end , petron and hengheng maybe back to 6 -7 loh


Hehe , above is my sifu sifu say one at dinner yah
not me yah
Kebling lose many money in hengheng last year. Waiting to buy back hengheng to take my money back lah

Cauca panas
Need money pay TNB bills lah

Already bought petron / Hengyuan high risk high gain



IshraaqNor

671 posts

Posted by IshraaqNor > 2023-05-22 16:46 | Report Abuse

secara optimistik, HY akan menjana RM10 juta atau RM20 juta dlm profit utk Q1nya

Sslee

7,017 posts

Posted by Sslee > 2023-05-23 08:54 | Report Abuse

Dear Sir/Madam,

We have verified your registration for remote participation against the General Meeting Record of Depositors (“ROD”).

We wish to inform that you are accepted to engage in the remote participation at the meeting.

Please follow the procedures for remote participation as set out below:-

1) Login
Website: https://tiih.online with your user ID and password from 9.00 a.m. on Wednesday, 24 May 2023.

2) Participate through Live Streaming
Select corporate event: “(LIVE STREAM MEETING) HENGYUAN 64TH AGM” to engage in the proceeding of the meeting remotely. If you have any question for the Chairman/Board of Directors, you may use the query box to transmit your question. The Chairman/Board of Directors will endeavor to respond to your questions. If there is time constraint, the response will be e-mailed to you at the earliest possible time after the meeting.

3) Online Remote Voting
Select corporate event: “(REMOTE VOTING) HENGYUAN 64TH AGM” or if you are on the live stream meeting page, you can select "GO TO REMOTE VOTING PAGE" button below the query box and proceed with the steps stated therein to submit your votes.

Please refer to the Administrative Guide/Note which is posed in our TIIH Online for more details on the remote participation.

If you need any assistance, please contact us:-

IshraaqNor

671 posts

Posted by IshraaqNor > 2023-05-23 17:01 | Report Abuse

Terima kasih, sslee. peringatan yg bagus sebelum AGM HY

Sslee

7,017 posts

Posted by Sslee > 2023-05-23 17:36 | Report Abuse

https://klse.i3investor.com/blogs/Sslee_blog/2023-05-06-story-h-271507206-Hengyuan_Questions_for_the_upcoming_HRC_64th_AGM_schedule_on_24_may_202.jsp

Please follow the live stream HRC AGM tomorrow to know what the BOD and Management have to say about my above questions.

Note: I cannot follow the live streaming bevause I am in Medan and telecom Indonesia do not allow assess to foreign live streaming. I can only do remote voting.

Mikecyc

47,016 posts

Posted by Mikecyc > 2023-05-24 09:57 |

Post removed.Why?

Mikecyc

47,016 posts

Posted by Mikecyc > 2023-05-24 10:01 |

Post removed.Why?

Sslee

7,017 posts

Posted by Sslee > 2023-05-24 10:16 | Report Abuse

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


My HRC AGM vote:
No. Resolution(s) For Against Abstain
1 RESOLUTION 1: Against
2 RESOLUTION 2: For
3 RESOLUTION 3: For
4 RESOLUTION 4: For
5 RESOLUTION 5: Against
6 RESOLUTION 6: For
7 RESOLUTION 7: For
8 RESOLUTION 8: Against
This is computer-generated document by TIIH Online. No signature is required.
Date : 24 May 2023 , 10:05 AM

IshraaqNor

671 posts

Posted by IshraaqNor > 2023-05-24 15:26 | Report Abuse

Mereka ada membongkar sikit maklumat tentang keputusan Q1 tak semasa AGM?

abc333

1,544 posts

Posted by abc333 > 2023-05-24 15:39 | Report Abuse

price movement show AGM has no good news , bloody Qr again maybe

BobAxelrod

8,255 posts

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??

Sslee

7,017 posts

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

IshraaqNor

671 posts

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

Susah. tak ada balasan drpd mereka, Sslee?

Sslee

7,017 posts

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

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

i3lurker

14,785 posts

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

BobAxelrod

8,255 posts

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!

Sslee

7,017 posts

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

kebling98

317 posts

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

Mikecyc

47,016 posts

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

Post removed.Why?

kebling98

317 posts

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.


Michael Kwok

6,482 posts

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

IshraaqNor

671 posts

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

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

Sslee

7,017 posts

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

IshraaqNor

671 posts

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

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

speakup

27,202 posts

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

HY results out. Big loss

Sslee

7,017 posts

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

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

RWG

1,051 posts

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

china compnay really cheat ppl

RWG

1,051 posts

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

tutup lagi baik ini refinery

Ahahah

453 posts

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.

RWG

1,051 posts

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

hengyuan tp 0.20sen

ncy810116

340 posts

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.

RWG

1,051 posts

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

habis la , hengyuan

VincentTang

1,232 posts

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

Sell hengyuan and buy petronm

Vicky

1,601 posts

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

Gap down...gap dawn tomorrow !

kebling98

317 posts

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


kebling98

317 posts

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

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

Bon888

3,376 posts

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

Operating Cash flow 📛 910 million 😱

kebling98

317 posts

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


kebling98

317 posts

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


DickyMe

14,932 posts

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!

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