HENGYUAN REFINING COMPANY BERHAD

KLSE (MYR): HENGYUAN (4324)

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Last Price

4.19

Today's Change

+0.10 (2.44%)

Day's Change

4.13 - 4.28

Trading Volume

1,524,400

Financial

T4Q

31-Mar-2021

2020

31-Mar-2021

2019

31-Mar-2021

2018

31-Mar-2021

2017

31-Mar-2021

Total assets

238

-1.64%

1000

+11.55%

110

+81.66%

900

-13.16%

600

+235.36%

Total current assets

238

1000

110

900

600

Cash & equivalents

238

1000

110

900

600

Short term investments

238

1000

110

900

600

Total receivables, net

238

1000

110

900

600

Accounts receivable - trade, net

238

1000

110

900

600

Other receivables

238

1000

110

900

600

Total inventory

238

1000

110

900

600

Inventories - work in progress

238

1000

110

900

600

Inventories - progress payments & other

238

1000

110

900

600

Inventories - finished goods

238

1000

110

900

600

Inventories - raw materials

238

1000

110

900

600

Total non-current assets

238

1000

110

900

600

Long term investments

238

1000

110

900

600

Note receivable - long term

238

1000

110

900

600

Investments in unconsolidated subsidiaries

238

1000

110

900

600

Other investments

238

1000

110

900

600

Net property/plant/equipment

238

1000

110

900

600

Gross property/plant/equipment

238

1000

110

900

600

Accumulated depreciation, total

238

1000

110

900

600

Deferred tax assets

238

1000

110

900

600

Net intangible assets

238

1000

110

900

600

Other current assets, total

238

1000

110

900

600

Total liabilities

238

-1.64%

1000

+11.55%

110

+81.66%

900

-13.16%

600

+235.36%

Total current liabilities

-238

-1000

-110

-900

-600

Total non-current liabilities

-238

-1000

-110

-900

-600

Long term debt

238

1000

110

900

600

Long term debt excl. lease liabilities

238

1000

110

900

600

Capital and operating lease obligations

238

1000

110

900

600

Provision for risks & charge

-238

-1000

-110

-900

-600

Deferred tax liabilities

-238

-1000

-110

-900

-600

Other liabilities, total

-238

-1000

-110

-900

-600

Total equity

-238

-1.64%

-1000

+11.55%

-110

+81.66%

-900

-13.16%

-600

+235.36%

Total liabilities & shareholders' equities

238B

1000B

110B

900B

600B

Total debt

238

1000

110

900

600

Book value per share

-238

-1000

-110

-900

-600

Discussions
30 people like this. Showing 50 of 98,495 comments

AntiConman22

Jerichomy =AntiConman=AntiHollandKing=AntiOTB will tell true story with facts.

1 day ago

tehka

I believe Q2 result draw near, Uncle kyy will buy back hengyuan. I believe I read OTB post before here, he understand uncle very well, uncle don't want to left out on HY good result

1 day ago

probability

Germans brace for two ‘stressful’ winters amid gas shortage

https://www.thevibes.com/articles/business/68936/germans-brace-for-two...

“It’s not just about one winter but rather at least two. And the second winter could be even harder,” he said.

“We’ve got to save a lot of gas for at least another year. To put it clearly: it’s going to be at least two stressful winters.”

He said shortages in the cold months of 2022-23 were “probable” in some regions.

“The shortfalls will probably be temporary at first and then could stop or return repeatedly,” Mueller cautioned, meaning that gas might have to be transported to stricken regions of the country.

Germany is heavily dependent on Russian gas and has seen deliveries drop sharply amid tensions over the Ukraine war.

1 day ago

Eldon

On last 29th July…Hibiscus closed at 0.895 and HY closed at 4.42…
But today Hibiscus able to close at 0.895, but HY only closed at 4.09..weird…

1 day ago

probability

Natural Gas Shortage Fears Buoy US Market as Winter Reserves Lag

https://www.bloomberg.com/news/articles/2022-08-17/natural-gas-shortag...

1 day ago

probability

Correction:
...........

we shall use Mogas 95 instead of Mogas 92 with a premium of about US $4/brl

https://www.tradingview.com/symbols/NYMEX-SMU1!/

and the avg of the remaining products matching Mogas 95 as a minimum

Revised refining margin calculation:


= (0.46 x 42.34 ) + (0.35 x 15.91) + (0.07 x 34.10) + (0.12 x 15.91)
= 19.46 + 5.56 + 2.38 + 1.90
= US $ 29.3 / brl

I really wish all of HY debt is cleared soon..


Posted by probability > Aug 18, 2022 10:34 AM | Report Abuse X

spiked as predicted:

https://www.tradingview.com/symbols/NYMEX-GOC1!/

https://www.tradingview.com/symbols/NYMEX-D1N1%21/

https://www.tradingview.com/symbols/NYMEX-ASD1!/


1. Diesel cracks USD 42.34/bbl
2. Gasoline crack USD 12.04/bbl
3. kero-jet cracks USD 34.10/bb


Yield Basis: Gasoline 35%, Diesel 46%, Jet fuel 7%, the rest 12 % at crack of 10 USD/brl

Refining margin:

= (0.46 x 42.34 ) + (0.35 x 12.04) + (0.07 x 34.10) + (0.12 x 10.0)
= 19.46 + 4.21 + 2.38 + 1.2
= US $ 27.3 / brl

1 day ago

probability

Gross Profit at above derived present refining margin of US $29.3/brl

= (10.7 million barrel sales per qtr) x ( US $29.3/brl) x (MYR 4.4/USD)
= 1.379 Billion MYR
....................

1 day ago

probability

The above is not a dream... it is ACTUALIZED by similar capacity neigbouring refinery:

https://www.listcorp.com/asx/ald/ampol-limited/news/4q-2021-lytton-ref...

https://www.listcorp.com/asx/ald/ampol-limited/news/2q-2022-lytton-ref...

The Lytton Refiner Margin (LRM)1 for the second quarter reached the unprecedented level of US$32.96 per barrel, materially higher than the US$10.59 per barrel realised in the first quarter. The significant increase in Singapore Weighted Average Margin (SWAM) was the key driver of the increase, reaching US$33.62 per barrel for the quarter

https://www.indoasiancommodities.com/2022/08/03/psu-indian-oil-sold-pe...

“IOC (Indian Oil Corporation) reported an 88 per cent year-on-year decline in its standalone EBITDA to Rs 1,358.9 crore and a net loss of Rs 1,992.5 crore, despite record high gross refining margins (GRMs) of $ 31.8 per barrel for the quarter.

https://www.hydrocarbonprocessing.com/news/2022/07/binh-son-refinery-q...

Vietnam's Binh Son Refining and Petrochemical recorded net profit of $424 MM in the second quarter, up by nearly six times from a year earlier, the company said on Tuesday.

Binh Son, which owns a 130,000-bpd refinery in central Vietnam

1 day ago

probability

https://www.theguardian.com/world/2022/aug/11/russia-oil-production-sa...

However, the IEA said the EU embargo on Russian crude and product imports, which comes into full effect in February 2023, would result in “further declines” as about 1m barrels a day of products and 1.3m barrels a day of crude “would have to find new homes”.

Meanwhile, with natural gas and electricity prices soaring, “incentivising gas-to-oil switching in some countries”, the IEA has raised its estimates for 2022 global oil demand growth by 380,000 barrels a day, to 2.1m barrels a day.

The global heatwave has also seen an increased oil burn in power generation, especially in Europe and the Middle East but also across Asia.

The report added: “EU members have committed to reducing their demand for gas by 15% from August 2022 to March 2023. We estimate that this will increase oil consumption by roughly 300,000 barrels a day for the next six quarters.”

1 day ago

888STOCK888


SIALANG HENGYUAN C24 & PETRONM CY~~~ =D

Both mother shares will shoot to 8.88 soon!!! =D
When Hengyuan & Petronm hit 18.00 & 15.00 back in 2017/2018...the oil price was only $60pb...

So the current oil price is sibeh good enough to push the price higher....

Syndicates are coming in.... show time!!! =D

Oil up~ Crack spread up~ profit 99.99% up~ what are you waiting for???

Heng~

Ong~

Huatt ah~ =D

1 day ago

bullmarket1628

Walaoeh, oil price continue it’s bull run !

Brent closed at=> $96.59 +2.94 +3.14 %


Like that today Hengyuan will be limit up already liao lah ! 


Heng ah, Ong ah, Huat ah !

20 hours ago

888STOCK888

Added more HENGYUAN C24 =D



19 hours ago

888STOCK888



Result should out by next Friday (26/08), drumroll please~ =D



19 hours ago

IshraaqNor

Seperti yg saya katakan sebelum ini, permintaan O&G masih meningkat.

https://www.reuters.com/business/energy/oil-prices-recover-6-month-low...

18 hours ago

tehka

I trust uncle kyy will buy back

18 hours ago

888STOCK888




KYY is the Ting Hai effect, please respectfully ask him not to post whether he is buying/selling Heng Yuan!!!


18 hours ago

BobAxelrod

How come cannot find the Telegram : swindler-in-dark-red-73?????? Hahahaha

18 hours ago

kl_guy

today volume increase is a good sign ,

17 hours ago

Mikecyc

Haha why is kon Bobb leh :

1.) Use many aka id to promote stock : Trevor777 , Trevor888 , Dr Michael

2.) Used id image to Axe Capital CEO Billionaire BobbyAxelrod and New Boss Michael .

3.) posted in SD said will not recommend his best stock but is used so many aka id to promote stock .

4.) When ppl made a query on his promoted stock with Trading Software , replied is Dumb lah , Kid lah , n further with Suckk yr momm milk lah :

<Why don't they call for selling ALL at RM4.00 ? Are their algo trading software always that accurate.
Even in this counter as the shares have been speculated with huge increase hence their algo trading margin of error is small.

I only question him what wrong with TP RM2 .
Please explain?
2022-01-18 11:36 >


Oh promote Trading Software also ke ... recalled i had posted when some one mentioned Trading Software , my friend’s friend bought a Trading Software ard 15,000 , result is so so ... no wander lah ... saya terpijak ekor anjjing lah ... hahahahaha

15 hours ago

Mikecyc

Haha itu X Cap Ayam Trading Software ke as posted in SD …

15 hours ago

Sslee

Someone actually bought a TA Chart reading software from pasar malam and start teaching TA at PA forum.

The result is forgone conclusion. Running from PA forum with tail between his legs.

15 hours ago

Mikecyc

Haha konartist Ssllee is Ran Road from Insas ke … hahaha

15 hours ago

Mikecyc

Haha oh like konartist Ssllee 62 years old rotten root ke .. asked a Professional Question in PA : Why Labour expenses is increased during Production Capacity expansion ??

15 hours ago

Mikecyc

Haha why ah Ssllee kon gang in Insas leno is flag report to post removed my posts in PA from March to April 2021 .. then He is disppeared from i3 for 2 months ..

15 hours ago

Mikecyc

Haha konartist Ssllee what happened to Petronm that you promoted in Insas asked ppl to Chase High … as i am posted is ard Point 1 High range Price above RM 7.00

15 hours ago

Mikecyc

Haha 1st Volume play Free Case Study in HLT during which is LU 3 times in a week …

2nd V.P Free Case Study in PA with 2 objectives :

a) To share n learn Investment knowledge n skills as Newbie n ikanbilis.

b ) To Exposé kon man n actor…

3rd V.P Free Case Study in Hiapteck .. bought at 58 sen n sold 70 % at 1st TP 70sen .. when OTP said is no longer Ms Universe.. sold all with some Profit ..

Learned from Hiapteck on Volume Play Case Study .. when Volume is b/f to T+ 6 … meaning Retailers is holding the shares .. Goreng is Done …

Haha in PA .. Case Study is from Mid Uptrend , ie : 16.5 sen Up to 24 sen before share consolidation 2 into 1 … Peak is 59 sen ( Point 1 ) … then down with swing swing swing many times .. tanam biji dan tuai hasil many times … after which highligted to Jkgland which i learn to try to catch the starting Uptrend to Point 1 ….

15 hours ago

Mikecyc

Haha konartist Ssllee do go to TSH to see yr Idol conartist Callvin is getting desperate liaw … n my posts on Price movement prediction .. and Point 1, Poin2 , Point3, Point4 …

14 hours ago

Mikecyc

Haha Stop here … just dropped by to expose kon man …

14 hours ago

Sslee

Sslee Petron Q1 EPS 39.4 cents
Estimate Q 2 EPS about 66 cents
Last year dividend 20 cents

I already average down my Petronm to about RM 5 cost and now holding 50K units.

14 hours ago

Mikecyc

Haha konartist Ssllee as per your record : 1st time posted yr Top 4 list … then posted the 2nd time saying averaging Down Insas … but being Exposéd by me is Actually Averaging Up .. then you own deleted the 2 posts … what a Lie … same same as you play wayang with kon stockraider in Netx on Insas WB … then klon the wayang script on Insas n WC ….

14 hours ago

probability

Gasoil margins, cash premiums up

Published about 4 hours ago
https://www.brecorder.com/news/40192474

Refining margins for 10 ppm gasoil rose to $46.16 a barrel over Dubai crude in Asian trading hours, extending gains to a seventh consecutive session and hitting their highest since mid-July, compared with $44.97 on Wednesday.

14 hours ago

probability

HY refinery margin update - 19/08/22
.........................................

Diesel: https://www.tradingview.com/symbols/NYMEX-GOC1!/

Jet Fuel: https://www.tradingview.com/symbols/NYMEX-ASD1!/

Gasoline Mogas 92: https://www.tradingview.com/symbols/NYMEX-D1N1%21/
Gasoline Mogas 95 premium: https://www.tradingview.com/symbols/NYMEX-SMU1!/

From above:

1. Diesel at 46% yield, cracks USD 42.98/bbl
2. Jet fuel at 7% yield, cracks USD 34.54/bb
3. Gasoline Mogas 95 at 35% yield, cracks USD (11.35 + 3.84) / bbl
4. Rest of product yield at 12%, using Mogas 95 cracks USD 15.19/bbl

Gross refining margin:

= (0.46 x 42.98 ) + (0.07 x 34.54) + (0.35 x 15.19)+ (0.12 x 15.19)
= 19.77 + 2.42 + 5.31 + 1.82
= US $ 29.3 / brl
.................

Gross Profit at above derived present refining margin of US $29.3/brl

= (10.7 million barrel sales per qtr) x ( US $29.3/brl) x (MYR 4.4/USD)
= 1.379 Billion MYR
...................

13 hours ago

BobAxelrod

Back to swimming in 2 inches of water........and this is fundamentally solid?

13 hours ago

888STOCK888




Get ready, Heng Yuan will lead the way first then follow by PetronM.... =D


12 hours ago

investor77

Now, Tech Analysis shows good to go in Margin of Safety OK as MM accumulating around RM 4 for a long time before pushing up when astonishing profit announced.

11 hours ago

Investing_Bursa

Buying momentum is building . Lets go next week !

10 hours ago

probability

https://cyprus-mail.com/2022/08/19/ukraine-says-russia-plans-to-discon...

“There is information that the Russian occupation forces are planning to shut down the power blocks and disconnect them from the power supply lines to the Ukrainian power system in the near future,” the Ukrainian statement said.

“The Russian military is currently looking for fuel suppliers for the diesel generators, which are supposed to turn on after the power units are shut down in the absence of an external power supply for the nuclear fuel cooling systems,” it said.

The vast nuclear power plant, Europe’s largest, was captured by Russian forces in March, but it is still staffed by Ukrainian technicians, though only two of its six reactors are working at full capacity.

Turning the plant off would pile new pressure on Ukrainian supplies, particularly in the south. Ukraine is already bracing for its most difficult winter since independence and preparing for a possible energy shortage.

10 hours ago

probability

Russia wants to disconnect power plant from Ukrainian grid - Ukraine energy company

www.bbc.com/news/live/world-62603741

Energoatom, the state power company that operates the plant, says the Russian occupiers are preparing to stage a "large-scale provocation" there.

It also says the Russian military is looking for suppliers of fuel for diesel generators, which would need to be turned on if power units are shut down.

All station personnel - except for those essential to the running of the plant - have been told to stay at home.

10 hours ago

probability

no wonder russia was reducing diesel exports earlier

https://24.kg/english/242602_Russia_cuts_diesel_exports_amid_rising_pr...

10 hours ago

probability

The Zaporizhzhia Nuclear plant has energy producing capacity of 5700 MW

https://en.wikipedia.org/wiki/Zaporizhzhia_Nuclear_Power_Plant#:~:text...

If they are going to replace the energy with fuel from crude oil, its equivalent to increase in fuel demand at 100,000 bpd (refined oil consumption)

9 hours ago

anthonytkh

So many informative posts here. Mostly by probability

“But will it go back up to *at least* 7 bucks?” is probably (no pun intended) many here (and at Petronm) want to know

Q : So how, can 7 bucks again?
A : Probably
Q : Oh. When?
A : Probably sometime in the future

:)

Sorry. I’m just trying to be realistic and pragmatic. And trying to put a smile on someone’s face

Enjoy the weekend. May 7 bucks and beyond happen real soon!

9 hours ago

BobAxelrod

So, a stock's intrinsic value is not in its PE ratio and profitability? Which Economic fundamental and equations is not related to the product and field of industry?

Anyway, former Shell Refinery has the same trading patterns as decades ago.

8 hours ago

BobAxelrod

And here we were taught years ago that Current market price upon EPS would provide the "multiple" PE to evaluate the duration and extension of "high or low" ratios.....hahahaha......maybe we need to refresh our Training.....

8 hours ago

BobAxelrod

I must go find the Lecturer (if he is still alive!) at my varsity and knock his head for teaching us that the Current market Price (with Linear moving scales) is evaluated upon recent recorded Profits (EPS).

For speculation and prediction sake, only the incoming Profits (again estimated) works to evaluate the Stock is relatively cheap with "Lower" PER.

7 hours ago

probability

HANOI -- PetroVietnam Power, a unit of state-run Vietnam Oil and Gas Group, has announced plans to build an oil refinery and petrochemical complex in the country. The total investment is expected to be up to $18.5 billion.

https://asia.nikkei.com/Business/Materials/PetroVietnam-plans-to-build...

Proposal to invest in an oil refinery complex and Vietnam's national crude oil and petroleum storage depot

https://vietnamenergy.vn/proposal-to-invest-in-an-oil-refinery-complex...

1) Refinery with a capacity of 12-13 million tons of crude oil per year

In PVN estimate, the investment capital of phase 1 is 12.5 -13.5 billion US$

.......

The above means US $ 13 billion for a refinery with a capacity 210k bpd.

HY at half the capacity shall be valued at at least US $ 5 billion then.

7 hours ago

BobAxelrod

OMG!....you mean you don't understand what are PE ratios, NTA and Market Cap?????

Rest my case.......

Posted by probability > 3 minutes ago | Report Abuse

Its easier if you check with PVN (Petro Vietnam Power)...LOL!

Posted by BobAxelrod > Aug 19, 2022 8:53 PM | Report Abuse

I must go find the Lecturer (if he is still alive!) at my varsity and knock his head for teaching us that the Current market Price (with Linear moving scales) is evaluated upon recent recorded Profits (EPS).

For speculation and prediction sake, only the incoming Profits (again estimated) works to evaluate the Stock is relatively cheap with "Lower" PER.

7 hours ago

BobAxelrod

Public forum, public domain....let the readers judge for themselves........hahahaha

Posted by probability > 3 minutes ago | Report Abuse
aiyo amma..my grandchild wants to teach me abc...

7 hours ago

Zhuge_Liang

Posted by probability > 22 minutes ago | Report Abuse
The above means US $ 13 billion for a refinery with a capacity 210k bpd.
-----------------
The capacity of Hengyuan is 155k bpd.
Hence Hengyuan should worth =USD13/210*155=USD9.6 billion.
Hengyuan plant is about 40 years old, should worth at least USD5 billion or RM22 billion.

7 hours ago

probability

EU sixth package of sanctions against Russia

https://www.shiplawlog.com/2022/06/13/eu-sixth-package-of-sanctions-ag...

The package of sanctions E.U. has prohibits the import (or purchase or transfer, directly or indirectly) of Russian crude oil and certain petroleum products into member states, as well as the seaborne delivery of such goods to third countries. Any insurance, reinsurance, technical assistance, brokering services, financing, financial assistance or any other related services, direct or indirect, are also prohibited. A wind-down period of six to eight months applies to existing contracts and “one-off” spot contracts, provided certain reporting requirements are met.

Again, it is prohibited to provide insurance or reinsurance for maritime transport of crude oil and refined petroleum products to third countries. European Union operators and entities may not provide any new insurance or finance contracts for the transport, in particular through maritime routes, of Russian oil to third countries. The Council has included a wind-down period of six months (until 5 December 2022) for closing out any existing contracts executed before 4 June 2022.

https://ec.europa.eu/commission/presscorner/detail/en/QANDA_22_2823

What is the impact of the ban on oil, on Russia and the EU?

The impact of the oil ban on Russia will be significant. Around half of its total oil exports go to the EU. In 2021, the EU imported €71 billion worth of crude oil (€48 billion) and refined oil products (€23 billion) from Russia.

Losing this leading lucrative market will have a significant structural effect on Russia, whose budget relies substantially on these oil revenues.

6 hours ago

probability

we are only seeing the tip of the iceberg....every month as time ticks towards 5 Dec 2022, refining margin will only keep rising.

6 hours ago

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