Posted by i3lurker > 2023-05-30 09:51 |

Post removed.Why?

Posted by UnicornP > 2023-05-30 09:52 | Report Abuse

Bought at 3.14 😃

Posted by kebling98 > 2023-05-30 10:15 | Report Abuse

Grab dnex at 0.38 and Hengyuan 3.14
Panic sell has no difference with transfer money to others account lah

Told you , dnex just deferred tax, don’t panic sell
Hengyuan hedging is making hundred millions, don’t panic sell
Unless you want help us collect more at 2.98 and 2.50 lah haha

Posted by FreshMango > 2023-05-30 10:18 | Report Abuse

syndicate always up to no good on Bursa😾

Posted by IshraaqNor > 2023-05-30 12:16 | Report Abuse

boleh dikatakan terdapat peningkatan dlm Q1nya, kerugian bersih telah dikurangkan. Tapi sangka HY blh menjana keuntungan...

Posted by James_Bond > 2023-05-31 11:49 | Report Abuse

Time to short HengYuan…

Posted by IshraaqNor > 2023-05-31 19:47 | Report Abuse

Susah...fikir nak masuk lagi jika ia jatuh ke Rm3

Posted by kebling98 > 2023-05-31 23:06 | Report Abuse

The cost to charter a Long Range (LR) vessel on the Middle East to Singapore route has dropped to slightly below $25 a tonne from around $34 a tonne in the last two months, they added. That is half the cost for the same ship to travel to Europe, they said.

Posted by kebling98 > 2023-05-31 23:16 | Report Abuse

Crude premium is going down loh
Hengyuan no afraid margin down lah
Hedging at 12 promise minimum gross profit of 270m lah
With condition no high crude premium lah
Since logistic cost had fallen lah
2Q anticipates minimum EPS 0.66 loh
But my cowboy sifu modelling predict that
eps will be 1.20—-2.15 lah
Lets see betul keh salah

Posted by kebling98 > 2023-05-31 23:24 | Report Abuse

Tomorrow ekovest cheap sales lah
Deferred tax again like dnex
If they panic sell
Repeat yesterday story like dnex
1 hours can make 10% profits loh

Posted by kebling98 > 2023-05-31 23:28 | Report Abuse

My sifu modeling assumptions is based on updated data yah so might changes yah
2Q left June lah , should be accurate lah
Read the quarter report carefully
You will find out
Hengyuan is enjoying hedging gains lah
Gains, a lot of gains. Juicy and yummy lah

Posted by kebling98 > 2023-06-01 10:11 | Report Abuse

If Miss dnex don’t miss ekovest yah
Kebling told u don’t panic sell dnex
Dnex results is not bad
Ekovest result is fantastic
Hengyuan result is top
My cowboy sifu team with certified accountant lah
Kebling know blowing only lah

House passes us debt ceiling bill
Senate next

Posted by kebling98 > 2023-06-01 12:36 | Report Abuse

Please check 2020 4Q result yah
Refined margin is negative USD 1
But PAT is 171 millions

2020 oil price drop like hell lah
But Hengyuan making profits in 2020 oh…

In 2020 derivatives hedging only 2.05—-23.05
Good enough to provide few hundred million gains in derivatives loh
2023 we have 12—-36.1 loh
Guess how much gains can get lei
All data available in Hengyuan report yah
Data no lies

Posted by IshraaqNor > 2023-06-01 16:53 | Report Abuse

RON 97 naik harga

https://ringgitplus.com/en/blog/petrol-credit-card/petrol-price-malaysia-live-updates-ron95-ron97-diesel.html

Posted by speakup > 2023-06-01 17:40 | Report Abuse

mesti baca:
https://www.therakyatpost.com/news/malaysia/2023/06/01/should-the-rich-pay-more-tax-and-be-denied-government-subsidies/

Posted by speakup > 2023-06-02 15:38 | Report Abuse

https://www.thestar.com.my/news/nation/2023/06/02/family-mansion-of-jho-low-is-still-in-tip-top-condition

Posted by IshraaqNor > 2023-06-02 16:52 | Report Abuse

Boleh kata miskin jd lebih miskin, kaya jadi lebih kaya pd zaman skrg

Posted by BursaTornado > 2023-06-02 20:35 | Report Abuse

Hope HY management can read this, HY management buat malu saja. Tahu eja malu? Look at Petronm.

Posted by speakup > 2023-06-03 09:53 | Report Abuse

https://www.therakyatpost.com/news/malaysia/2023/06/02/woman-criticized-for-using-free-water-at-petrol-station-to-wash-her-toyota-vios/

Posted by IshraaqNor > 2023-06-06 15:51 | Report Abuse

Dah naik. Tengok minggu ni HY mampu memecah Rm3.30 tak...

Posted by abc333 > 2023-06-06 17:03 | Report Abuse

Petron 5 , HY 3.24

Posted by abc333 > 2023-06-06 19:30 | Report Abuse

https://shipandbunker.com/prices/apac/sea/sg-sin-singapore#VLSFO

Posted by IshraaqNor > 2023-06-07 15:54 | Report Abuse

Petronm punya Q1 ada keuntungan , sebaliknya HY tak ada. Itu sebablah harga saham petronm lebih tinggi dprd HY

Posted by kebling98 > 2023-06-07 18:13 | Report Abuse

Hengyuan Ada keuntungan lah
loss is due to 2022 derivatives liabilities of 400-500 millions mah
Hengyuan record higher PAT than Petronm lah

Posted by IshraaqNor > 2023-06-08 12:19 | Report Abuse

betul, selepas pelarasan ia jadi keuntungan...

Posted by kebling98 > 2023-06-08 23:35 | Report Abuse

My cowboy sifu group continue buy slowly, 2Q pasti cantik

Posted by DickyMe > 2023-06-08 23:45 | Report Abuse

"Posted by DickyMe 2023-02-22 17:44 | Report Abuse

Paper loss will become real loss.
RM 1.50 coming soon!"
==============================

Another 50% drop could reach my target price.

Posted by abc333 > 2023-06-09 08:30 | Report Abuse

Is already June, If the hedging margin is really in the range of 12-36. Q2 should have very good return in hedging. But there is no data showing the margin is between 8.5-36 in the QR. where you guys get that info?

Posted by Sslee > 2023-06-09 08:42 | Report Abuse

Question 19: Are the refining margin swap contracts how many % are based on Singapore Mogas 92 Unleaded (Platts) Vs Brent and on Singapore Gasoil (Platts) Vs Brent?

Question 20: Notional value: USD 180,413,000. Gross margin per barrel (USD) range 9.50 to 36.10: What is the total volume (barrel) and volume weighted average gross margin per barrel?

Question 21: Of the total volume, how many (barrel) and volume weighted average gross margin per barrel refining margin swap contracts mature in quarter 1, quarter 2, quarter 3 and quarter 4 2023?

Response from HRC:

Reference to questions 19, 20 & 21: We are unable to disclose this information due to commercial sensitivity in order to protect our market competitiveness.

Posted by Sslee > 2023-06-09 08:44 | Report Abuse

Page: 134 (2022 AR)
Refining margin swap contracts (continued)
The effects of the refining margin swap contracts on the Company’s financial position and performance are as follows:
2022: 2021
Carrying amount liability, net (RM’000): (830,596): (179,886)
Notional value (USD’000): 180,413: 265,421
Maturity date January 2023 to September 2024: January 2022 to September 2024
Hedge ratio (%): 100: 100
Change in fair value of designated hedging instruments (RM’000): (829,075): (97,395)
Change in value of hedged item used to determine hedge effectiveness (RM’000): 829,075: 97,395
Gross margin per barrel (USD): 9.50 to 36.10: 8.00 to 12.30

Posted by Sslee > 2023-06-09 08:50 | Report Abuse

A 19 million barrel at gross margin at 9.50 with 1 million barrel at gross margin 36.10. The weighted average is 10.83.

The range 9.50 to 36.10 is meaningless without weighted average.

Posted by abc333 > 2023-06-09 09:02 | Report Abuse

Thanks SSlee.
Meaning
Maturity date January 2022 to September 2024 was hedge in 2021
Gross margin per barrel (USD): 8.00 to 12.30

January 2023 to September 2024:
Gross margin per barrel (USD): 9.50 to 36.10
(hedge in 2022 + some hedge in 2021)

no wonder HY lose so much in hedging 2022 Q2.

Posted by IshraaqNor > 2023-06-09 16:00 | Report Abuse

Bagus macam ni. Tapi kenapa HY beli minyak pd harga yg tinggi tahun 2021?

Posted by kebling98 > 2023-06-09 22:39 | Report Abuse

haiyoh we all know refinery companies need crack margin 4 to break even loh
Imagine lah if you are the hedging manager lah
When you see refining margin goes up to 12
What is your action lei?
Push the buy button lah of course
Lock in gross profit of 8*4.2*10millions = 320 millions loh
Who knows russian will attack Ukraine lei at that time?

So, the manager hedge maybe 1 ~2 million barrels every months until 2024 loh. It is possible to hedge 5 millions barrels for 33 months? Impossible lah.

In 2022, refining margin surge to the moon lah
The manager continues hedge loh.

Checking CME data, hedging price after July 2022, is below 9 lah
So, the manager no more hedge after July loh.

That’s why we see the margin is 9.5~36.1 loh

One more things yah
The margin in 2022 is 8~12.30
lazy explain lah
Go check the data, you will find in which quarter they were hedging lah
Is FIFO one lah. Most of margin below 12 had been closed position in 2022lah. Forwards, Hengyuan enjoy very high very high crack spread margin lah.

Noticed this year, refining margin is above normal loh

Diesel maybe a bit lower but they already hedge it high mah

shipping cost & insurance premiums pun dah turun lah

Btw we already full load in petron m loh. Hengyuan no rush, buy slowly while others tak
Percaya loh

Tesla up 7% loh kayanya my cowboy sifu

Posted by kebling98 > 2023-06-09 22:45 | Report Abuse

But before buy Hengyuan
Think carefully yah
Because
The management is Chinaman yah.

Posted by speakup > 2023-06-10 14:46 | Report Abuse

https://www.therakyatpost.com/fun/2023/06/10/american-comedian-chrissie-mayr-baits-malaysians-on-twitter-makes-mas-joke/

Posted by Sslee > 2023-06-11 15:32 | Report Abuse

https://klse.i3investor.com/blogs/Sslee_blog/2023-06-11-story-h-267933244-Hengyuan_Follow_up_questions_on_HRC_response_to_my_whistle_blowing_ques.jsp

Hengyuan: Follow up questions on HRC response to my whistle blowing questions

Posted by IshraaqNor > 2023-06-12 14:16 | Report Abuse

Tak kesah. Proton punya management juga adalah Chinaman

Posted by DickyMe > 2023-06-12 15:08 | Report Abuse

"kebling98

But before buy Hengyuan
Think carefully yah
Because
The management is Chinaman yah.

2 days ago"
===============

Management Bumi pun dua kali juga.
Harapkan pagar, pagar makan padi.

Posted by kebling98 > 2023-06-12 15:30 | Report Abuse

Bumi sometimes jadi batu mah
Always watching this lah , this Hengyuan always limit up mah
Cw anytime make 2000% returns loh

Watching msc too, tin price is In uptrend loh

Posted by kebling98 > 2023-06-12 17:54 | Report Abuse

Malu tapi kadang2 benar.
Sakit tapi apa boleh buat?
Engine rosak, captain bodoh

Posted by kebling98 > 2023-06-12 18:16 | Report Abuse

Gods will
I like Andy lau ! Used to listen this song when I was young

Posted by i3lurker > 2023-06-12 21:40 | Report Abuse

WTI is 68
means China refiners is buying unlimited Russian Urals, refine to diesel and dump into international markets.
With cheap Urals, 3 Gorges, low China salaries, HRC is having a headache

to rescue HRC from PN17 will need rapid defeat of Russia

Posted by Sslee > 2023-06-13 08:43 | Report Abuse

https://klse.i3investor.com/blogs/Sslee_blog/2023-06-13-story-h-267899357-i3admin_pleasae_take_action_on_Mikecyc_abusive_and_cyber_sexual_harassm.jsp

Posted by IshraaqNor > 2023-06-13 16:03 | Report Abuse

Jgn gaduh lah. Melabur scr amai dan damai. Keep learning!

Posted by kebling98 > 2023-06-14 13:26 | Report Abuse

tech show time loh
hengyuan tidur dulu

Posted by IshraaqNor > 2023-06-14 16:56 | Report Abuse

HY ada naik sikit hari ni dan Tech naik lebih tinggi

Posted by kebling98 > 2023-06-15 09:58 | Report Abuse

MSC ! Check Myanmar news lah
Up trend stocks till year end loh

Told you don’t worry about deferred tax , buy dnex
Tin price uptrend, buy msc

Kebling no lies one loh

TENAGA so cheap now , ready some bullets loh

Posted by pang72 > 2023-06-15 11:09 | Report Abuse

PETRON can going up only near next QR day..
If not 40c then 30c can lift up the price at least to rm5

Posted by IshraaqNor > 2023-06-15 16:56 | Report Abuse

Semasa goreng, HY akan naik lebih tinggi drpd Petron, hehe