HENGYUAN REFINING COMPANY BERHAD

KLSE (MYR): HENGYUAN (4324)

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Last Price

4.04

Today's Change

+0.02 (0.50%)

Day's Change

4.00 - 4.11

Trading Volume

970,000

IPO Info
Discussions
30 people like this. Showing 50 of 98,387 comments

Sslee

My common sense tell me Petronm amd HRC will have the best ever Quarter result in Q2 2022.

As of Petronm and HRC share price movement god only know. Man proposes, God disposes.

1 day ago

stockraider

Stick with safe Petron & avoid HRC loh!

1 day ago

Sslee

I think petronm will make as good profit as Petdag but look at the valuation of Petdag and petronm, this one is god decide.

1 day ago

anthonytkh

God decide?

1 day ago

Johnzhang

Syndicates and short sellers decide .

1 day ago

ValueInvestor888

at RM 4, the margin of safety is very high...

1 day ago

IshraaqNor

Harga minyak terjejas oleh sebab kelembapan ekonomi di China...

1 day ago

probability

Jangan lihat harga minyak, klu turun lagi mantap!

Tengok crack spread saja udah cukup...

Sekarang, merekah besar lagi spread nya...

Esok, kemungkinan besar angka dibawa mencecah atas 41 $/brl

https://www.tradingview.com/symbols/NYMEX-GZ1!/

1 day ago

probability

Look at Ampol refinery's historical refining margins:

4Q 2021 Lytton Refinery Performance Update

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

Q2 results, 19 July 22'

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

1 barrel = 159 liters

Even Ampol throughput volume is about 9 million barrels per qtr, very close to HY

23 hours ago

probability

The above is in Australia, and the below is in Vietnam

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

........


130,000 bpd refinery means, 11.7 million barrels per qtr.

refining margin:
= Profit / sales volume
= $424m/11.7m
= $ 36/brl

23 hours ago

probability

However, margin above is not accurate as they have petrochemical & retails

23 hours ago

Jerichomy

For me tyy is correct as he is trying protect the ikan bilis from kena bunuh by assssholeeee in this forum

16 hours ago

Jerichomy

For me tyy is correct as he is trying protect the ikan bilis from kena bunuh by assssholeeee in this forum

16 hours ago

probability

wednesday crack spread will be up again

15 hours ago

kebling98

Crack spread up! Oil down! Stockpig investor will dispose as they thought oil down is not favour to hy. They must be subscriber of stockpig to u.

12 hours ago

Sslee

D1N1!
SINGAPORE MOGAS 92 UNLEADED (PLATTS) BRENT CRACK SPREAD FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT)NYMEX
10.641
D
USD
+0.808
(+8.22%)

10 hours ago

Sslee

Q1 2021 compare to Q1 2022 and H1 2021 compare to H1 2022 average refining crack by Hng33

hng33 Q1 2022, the Average refining crack increased from
1. Gasoline cracks from USD 7.1/bbl to USD 17.8/bbl
2. diesel cracks from USD 5.8/bbl to USD 21.6/bbl
3. kero-jet cracks from USD 3.3/bbl to USD 16.2/bbl.

1H 2022 Average refining cracks increased from
1. Gasoline crack from USD 8.5/bbl to USD 26.4/bbl
2. diesel cracks from USD 6.4/bbl to USD 36.6/bbl,
3. kero-jet cracks from USD 3.9/bbl to USD 27.7/bbl.
16/08/2022 9:47 AM

10 hours ago

BobAxelrod

How is it a stock that can drop from above 7.00+ to only 4.00 a solid and fundamental company???

No need to praise to the skies, just give reasonable and logical explanation why it cannot stand and stay at 7.00?

P/S don't own a single ticket yet.

9 hours ago

OTB

Jerichomy is a bankrupt in I3.
He lost all his money in KLSE.
The worst part is he lost until bankrupt.
He is also a shameless liar in I3.
When he started posting in I3, he bullshits that he stayed in a big bungalow and owns all expensive cars.
He claimed himself to be super rich.
He lost until cannot afford to lose further, he seeks my help to help him to push up his stock so that he can escape from bankruptcy.
Of course, I did not help him because the stock he recommended is not a good fundamental stock.
He deserved to lose until bankrupt for all those bad behaviours he has.
He bad mouth many stocks in I3 to cause many poor investors to lose money.
Hence I believe the god is very fair to make him a bankrupt.
I believe he never correct his mistake and turns into a new leaf.
Let us watch the final outcome.
Thank you.

9 hours ago

Sslee

What is fundamental?

Philip said Harta fundamental very strong but Harta drop non stop.
I can only say Harta drop because the earning drop and glove supply more than market demand.

I say Peteonm and HRC fundamental good because oil refining products supply cannot cope up with demand for some years to come. (Especially the bycott of Russia oil and and refining products come into effect next year)

9 hours ago

BobAxelrod

Does that mean to say HY is just like the Gloves, once in a lifetime WINDFALL profits and being goreng to the skies? 3 year old babies also know Gloves are not long term Industries......

Still offering illogical comparison?

Just want to know why HY cannot stay at 7.00....that's all....if it's basically solid, is it?

9 hours ago

BobAxelrod

So silly to offer comparison of the former Shell Refineries in Port Dickson to gloves counters whom are all rotting in their coffins.

9 hours ago

Sslee

No point talking to those cannot talk with rational mind (What is the most important point of fundamental is supply and demand imbalance) but resolve to emotional personal attack.

By the way thank you for talking down HRC and Petronm for me to collect.

9 hours ago

BobAxelrod

Stock fundamental is about Demand and Supply imbalance? Which school you went to? Demand and Supply is the equation for Product Price and Market price......hahahaha

Fundamentals of Stock is their ability to remain within the parameters of their business fields and industry, yet remaining strong and holding on to good Revenues and turnovers.

Nothing personal........ouch!

8 hours ago

ty Y

Yes, we should no longer be influenced by such people in our investment philosophy. From now on, as long as otb and kyy come out to write scribbled reports, please don't believe it, especially if you see that the stock price has risen by more than 20% from the bottom. It's obviously asking us to buy at high prices what they bought at the bottom. I've been keeping an eye on it for a few years. I am not a master, but I am a careful observer. Whether you listen or not is your decision. Because the money is yours. If hengyuan can really benefit from the oil split, this quarterly earnings report will be very good。 good luck my dear shareholder in heng yuan. My last comments on heng yuan. Want to play badminton already :)

8 hours ago

KooSan

Wah......good life can play badminton.....no need to work

8 hours ago

Sslee

Its a fundamental change in the whole supply n demand equilibrium of oil and refining products biz with post covid 2022 economy and travel opening result in fuel demand surge couple with many year of under funding for refinery capacity expansion + Ukraine war with impending Russia oil and refine products boycott.

Will high energy price cause demand destruction?
That a million dollar question. But I think moving forward crude oil will come down with refining margin hopefully stay at double digit figure.

Nothing personal just my thought.

hng33 Q1 2022, the Average refining crack increased from
1. Gasoline cracks from USD 7.1/bbl to USD 17.8/bbl
2. diesel cracks from USD 5.8/bbl to USD 21.6/bbl
3. kero-jet cracks from USD 3.3/bbl to USD 16.2/bbl.

1H 2022 Average refining cracks increased from
1. Gasoline crack from USD 8.5/bbl to USD 26.4/bbl
2. diesel cracks from USD 6.4/bbl to USD 36.6/bbl,
3. kero-jet cracks from USD 3.9/bbl to USD 27.7/bbl.

8 hours ago

profit profits

all linds of kopitiam talks and all base on personal greed and selfishness. persons who had not bot the shares always hope price drop more and those who already onboard hope price would go north.

8 hours ago

hng33

Just wait for coming Q result, the windfall profit will change stock fundamental. In regard to sustainability, as long as gasoline crack spread sustain above USD4 + diessel crack spread above USD 7 + Jet crack spread above USD 10; Hengyuan will remain operation breakeven.

Anything above these level is pure profit for hengyuan

8 hours ago

hng33

As of latest up-to-date crack spread level now, obly gasoline crack spread adjust more significantly from peak level, but still remain above USD 10 which is still command fat profit margin. The other two crack spread index remain at elevated level, at multiple year high upper range

1. Gasoline crack USD 10.641/bbl
2. diesel cracks USD 41.46/bbl
3. kero-jet cracks USD 32.30/bbl

8 hours ago

Johnzhang

We need an explosive Q2 nett profit to dispel some peoples notion of bad management, huge hedging loss, shifting profit to parent company etc
Finger crossed .

8 hours ago

IshraaqNor

Betul. Tunggu keputusan Q2 dan baru buat keputusan yg rational

7 hours ago

probability

www.listcorp.com/asx/ald/ampol-limited/news/4q-2021-lytton-refinery-pe...

4Q 2021 Lytton Refiner Margin UpdateThe Lytton Refiner Margin (LRM)1 for 4Q 2021 was US$11.24 per barrel, significantly higher than the third quarter margin of US$6.76 per barrel. Singapore Weighted Average Margin (SWAM) rose above the 5-year historical average, reaching US$12.79 per barrel in 4Q 2021, as regional refining supply and demand fundamentals improved. This was significantly higher than the US$7.67 per barrel for 3Q 2021.

....

Note how they say 'weighted average' above and that its the highest in last 5 years even at US$12.79/brl in 4Q 2021


Posted by hng33 > Aug 17, 2022 10:03 AM | Report Abuse

As of latest up-to-date crack spread level now, obly gasoline crack spread adjust more significantly from peak level, but still remain above USD 10 which is still command fat profit margin. The other two crack spread index remain at elevated level, at multiple year high upper range

1. Gasoline crack USD 10.641/bbl
2. diesel cracks USD 41.46/bbl
3. kero-jet cracks USD 32.30/bb

7 hours ago

probability

well said, its all about future earnings

Posted by Sslee > Aug 17, 2022 8:44 AM | Report Abuse

What is fundamental?

Philip said Harta fundamental very strong but Harta drop non stop.
I can only say Harta drop because the earning drop and glove supply more than market demand.

I say Peteonm and HRC fundamental good because oil refining products supply cannot cope up with demand for some years to come. (Especially the bycott of Russia oil and and refining products come into effect next year)

7 hours ago

probability

how to calculate weighted average refining margin:
................................................

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

Refining margin:

= (0.35 x 10.641 ) + (0.46 x 41.46) + (0.07 x 32.30) + (0.12 x 10.0)
= 3.72 + 19.07 + 2.26 + 1.2
= US $ 26 / brl


Posted by hng33 > Aug 17, 2022 10:03 AM | Report Abuse

As of latest up-to-date crack spread level now, obly gasoline crack spread adjust more significantly from peak level, but still remain above USD 10 which is still command fat profit margin. The other two crack spread index remain at elevated level, at multiple year high upper range

1. Gasoline crack USD 10.641/bbl
2. diesel cracks USD 41.46/bbl
3. kero-jet cracks USD 32.30/bb

7 hours ago

kl_guy

10 more day till q-report out . bet HY is q-report eps is above rm1.00. buy in call warrant .HOOT9E

6 hours ago

probability

wei, EPS 80 cents, you still want to sell meh? terrible la you all... even gloves (cheapskate product) with such low EPS went up so high...

4 hours ago

kebling98

Stock market must always up up down down one. We have a princess looking forever love?
If Eps less than 0.50 , market reaction is sell
Eps 0.5-1. , buy
Eps below 0.30 panic sell
Eps above 1.0 panic buy , limit up?
Eps 3.00 in your dream got lah 19.50

Captain probability angry liao faster make corrections

4 hours ago

paktua73

afternoon..all oil upstream lovers..
let change to tech kingdom for better live..

oil upstream now in harass situation..
all downtrend storm soon will arrived..

let move to tech kingdom for more bright future..

paktua n red legions heavy on tech stock like:
1-coraza now below rm0.80
2-cnergen now below rm0.75
3-lgms now below rm0.95
4-sfptech now almost hit rm1.30(now already rm1.21)

all tech stock paktua set tp above rm1.30


paktua n red legion still strong in TSH(plantation)..
our aim only rm1.23-1.24..

paktua n red legion set our dream tech greenIsland is rm1.30..
we know to get there.. is not impossible..just need strong determination..
brave to stand facing it all
and rm1.30 green Island is the reward...





tut tut
we set our goal is rm1.30..
we will continue sail and face it all..
until we reach on our dream greenIsland rm1.30..

4 hours ago

kl_guy

https://www.petron.com/news/petron-doubles-consolidated-net-income-in-...
Petron Philippine make nice quarterly report , look like petronM and Hengyuan will be good too.

2 hours ago

kl_guy

https://www.petron.com/news/petron-doubles-consolidated-net-income-in-...
Petron Philippine make nice quarterly report , look like petronM and Hengyuan will be good too.

2 hours ago

NoviceJ

Thank you probability and may the force be with the longist
The writings are on the wall and flying everywhere

Cheers !!!!!!!!!!!!!!!!!!!!

2 hours ago

probability

Guys, good news again, live data shows margins had spiked further.

You will see the crack inching way high tomorrow

2 hours ago

investor77

Petron reported strong refining margin and increase in sales of its products. So like Binh Son in Vietnam and elsewhere, PetronM, and Heng Yuan should do well in the coming 6 or 7 work days results. Petron strong in retail sales and HengYuan from its 10.5 mil production, through its refining process, which has a high crack spread, resulting in huge profits.

2 hours ago

Jerichomy

I warn you OTB…i will spread u tell lies about hiap teck will become rm1.16 in september 2022. It is only 29 cents as today and it is August 2022. Are you joking !!!!

1 hour ago

Sslee

I will say Q2 result EPS should be above 1.0.

Posted by kebling98 > Aug 17, 2022 1:32 PM | Report Abuse
Stock market must always up up down down one. We have a princess looking forever love?
If Eps less than 0.50 , market reaction is sell
Eps 0.5-1. , buy
Eps below 0.30 panic sell
Eps above 1.0 panic buy , limit up?
Eps 3.00 in your dream got lah 19.50

Captain probability angry liao faster make corrections

1 hour ago

BobAxelrod

What just happened?? shoot to 4.11 and back to 4.04????? Someone wrongly pressed or what???

52 minutes ago

probability

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.

“Earnings decline was driven by a sharp fall in retail fuel margins for petrol and diesel with an estimated net loss of Rs 10 per litre for petrol and Rs 14 a litre for diesel for the quarter and inventory loss of Rs 1,500-1,600 crore due to excise duty cut in the quarter,” ICICI Securities said.

....

So now we have Australia (Ampol refinery), Vietnam (Binh Son refinery) and now Indian refinery...all reporting above US $30/brl gross refining margin....

only our HY is one of a kind special refinery which cannot make profit?

29 minutes ago

Sslee

Petron corp Q2 result already out.
Q2 Net income after tax attributable to:
Equity holders of parent company Peso 3,513 million
Non controlling interest Peso 595 million

H1 Net income after tax attributable to:
Equity holders of parent company Peso 6,761 million
Non controlling interest Peso 945 million

Note: Petron Corp hold 73.4 % Petronm.

13 minutes ago

hng33

Indian gov control retail petrol price without give subsidy compensation. Unlike indian, Malaysia gov give full subsidy

12 minutes ago

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