HENGYUAN REFINING COMPANY BERHAD

KLSE (MYR): HENGYUAN (4324)

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Last Price

4.10

Today's Change

-0.03 (0.73%)

Day's Change

4.07 - 4.14

Trading Volume

472,500

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30 people like this. Showing 50 of 98,142 comments

ty Y

Recommendation
Do not sell Hengyuan, buy and hold until the Q2 2022 result is released to make a final decision.
I believe the target price of Hengyuan will be very high, the target price should be higher than the all-time high price at 19.50.
The final decision to buy is always yours.

Thank you.

寧可天下人負我, 休教我負天下人

5 days ago

stockwin

ty Y
Recommendation
Do not sell Hengyuan, buy and hold until the Q2 2022 result is released to make a final decision.
I believe the target price of Hengyuan will be very high, the target price should be higher than the all-time high price at 19.50.
The final decision to buy is always yours.

Thank you.

寧可天下人負我, 休教我負天下人

=================================================================

You sounded like OTB ??haha.. So what is his take on HY now? I think he is unable to predict the derivative losses?? Thats is the biggest mystery now.
@Probability did a good job explaining HY hedging . lets wait for another 3-4 weeks and we will get the answer.

5 days ago

ty Y

Of course I didn't write it, my friend passed it on to me! I share with you. My friend told me something! I will tell you after this heng yuan releases its second quarter financial report. The so-called master of you guys heart. Blek !

5 days ago

probability

@stockwin, good you reminded on the hedging

For those who are fearful on hedging loss, kindly check on the below

In summary, hedging done by HY is absolutely mandatory as pure refiner unlike PetronM (who's selling price is naturally hedged by the retail price that floats) to secure refining margin (else, HY would be considered a trader). The hedging loss is purely a delayed gain that will be reflected on the following month and vise versa for hedging gain.

There is really no other way to go about it.

https://klse1.i3investor.com/blogs/2017/2022-06-11-story-h1624320379-H...

5 days ago

IshraaqNor

Betul. Tunggu HY mengumumkan Q2 results...

4 days ago

tehka

Ty Y got what news your friend telling you? Lai share pls

4 days ago

cK1973

Chinaman, Chinaman.....
Sustaining well as still above 4.....
Relax first.

4 days ago

cK1973

unker & otb takde sini...
mana syok....

4 days ago

ty Y

8月2日,三大石油公司同一天发布财报,业绩均大超预期。其中,英国石油公司 (NYSE:BP)(BP)第二季度利润高达93亿美元,创下14年以来单季利润新高;美国最大炼油厂马拉松原油(Marathon Petroleum Corp (NYSE:MPC))二季度则大赚近57亿美元,较去年同期的4.37亿美元,暴增12倍。

此外,被巴菲特狂买的西方石油也在周二盘后公布了第二季度业绩,季度净利润达到37.55亿美元,同比狂飙36倍多。

已经公布财报的能源巨头中,埃克森美孚 (NYSE:XOM)、雪佛龙公司 (NYSE:CVX)、壳牌、道达尔的二季度利润均刷新历史新高,加上英国石油公司,五大能源巨头当季利润总和高达550亿美元(折合人民币3700亿元),几乎是去年同期的两倍。此前,美国总统拜登就直言,石油巨头赚的“比上帝还多”。

4 days ago

ty Y

I don't think much needs to be said.

4 days ago

probability

Diesel crack spread is moving up again on live data..
Tomorrow will be even higher with the crude oil price drop.


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

= (10.5 million barrels sales /qtr ) x (yield at 46 % for Diesel) x ( crack spread USD 40/brl)
= MYR 846 million gross profit

and you only need a gross profit of 500 for EPS of RM 1

lets not bring in Mogas 95 , Jet Fuel, LPG etc...for simplicity

Relax....just 24 days to go.

3 days ago

IshraaqNor

Masih pegang dan menantikan keputusan Q2 yg baik...

3 days ago

brian3381

Post removed.Why?

3 days ago

cK1973

slow and steady ma... speed limit 40 je ma

3 days ago

IshraaqNor

Tak apa. Tengok apa yang akan dikatakan oleh pasukan pengurusan HengYuan tentang prospek minyak dan gas

3 days ago

sharemarket21

Commodities play and thin volume trading range. Expected. Good job for those who have cashed out 4.40 above. Big boys have so much mercy. Oil price normalizing benefiting sectoral but impacting the stock further. The share price tumbled during the oil price peaking. Imagine the other way round ? No brainer.

3 days ago

PenditaAlam

RM 1.67 coming soon

3 days ago

abc333

3.9 coming soon

3 days ago

kl_guy

good if hit rm3.90 ...then can pick up call warrant

3 days ago

Fc78020

this stock no more hope?

3 days ago

Yawn.... Zzzzz

Hengyuan no hope already,giveup la

3 days ago

cooldownguy86

@probability: hengyuan profit doesn't seem to be correlated to diesel crack spread especially in 2018 and 2019. Any comments on that?

3 days ago

Phoebe

@ty Y. Thanks for sharing. The phase really look so familiar. Just like yester years.

Is this an advise or instruction?? ^_^
"Do not sell Hengyuan, buy and hold until the Q2 2022 result is released to make a final decision."

This is so contradicting on the above statement
"The final decision to buy is always yours."

RM19.50??? So many innocent small fish will jump in to buy loh.

ty Y
Recommendation
Do not sell Hengyuan, buy and hold until the Q2 2022 result is released to make a final decision.
I believe the target price of Hengyuan will be very high, the target price should be higher than the all-time high price at 19.50.
The final decision to buy is always yours.

3 days ago

Fc78020

stock will sleep 3 years, slowly drift to become worthless paper

3 days ago

probability

From Q3 2018 report - may be explains your query, did not check for 2019
.............

The results of the current quarter and cumulative period ended 30 September 2018 reflect the scheduled production downtime and operating expenditure to deliver the Major Turnaround 2018 (MTA 2018), which commenced on 6 August and was completed on 21 October.

As a direct result of the planned shutdown due to MTA 2018, the refinery recorded a reduced sales volume of 5.9 million barrels and 26.9 million barrels respectively for the current quarter and cumulative period ended 30 September 2018, compared to the 10.9 million barrels and 30.7 million barrels recorded in the corresponding comparative periods.

Market quoted product prices in the current quarter and 9-month period averaged at USD84 per barrel and USD81 per barrel respectively, higher than the average price of USD64 per barrel in both comparative period

Posted by cooldownguy86 > Aug 5, 2022 2:13 PM | Report Abuse

@probability: hengyuan profit doesn't seem to be correlated to diesel crack spread especially in 2018 and 2019. Any comments on that?

3 days ago

investor77

number of shares only 300 mil, so net profit of RM 300mil will give EPS of Rm 1/ !!! Dont understand why many wants to see HYuan go down to RM2. Even below RM 4/, there will be many buyers. In 2017, even with crack spread of around USD 10-15, price was above Rm 8 !! The most under rated share cos of fear of Derivative loss, which may turn to derivative gain !! Europe, Asia all stupendous gain for Refiners, why is Malaysia exceptional when refining capacity is limited ? Will be like TSH, now only starting to move, watch out. !!

3 days ago

anthonytkh

To the bosses of HY : You know why EPF did it recently. But that’s besides the point

Improve your fundamentals. It’s terrible

3 days ago

bullmarket1628

Walaoeh, oil price continue to rise !
Brent closed at=>$94.92 +0.80 +0.85 %

Like that next Monday Hengyuan will be limit up already liao lah !

Heng ah, Ong ah, Huat ah !

2 days ago

ty Y

Why warren buffer keep buying refinery company ?

2 days ago

Jerichomy

The follow loo…kaka see you in heellll haha

2 days ago

Jerichomy

So many holang king here hahaha

2 days ago

probability

The Diesel Crisis Is Far From Over

By Charles Kennedy - Aug 02, 2022

https://oilprice.com/Energy/Energy-General/The-Diesel-Crisis-Is-Far-Fr...

1 day ago

probability

German Oil Refiner Is Seeing ‘Run on Heating Oil and Diesel’

4 August 2022

https://www.bloomberg.com/news/articles/2022-08-04/oil-refiner-omv-ger...

1 day ago

probability

Column: U.S. diesel shortage shows economy hitting capacity limit

LONDON, Aug 4 (Reuters)

https://capital.com/column-u-s-diesel-shortage-shows-economy-hitting-c...

1 day ago

cactus81

@Probability
The EIA data seem like contrasting with the report. Anyway the oil price drop should encourage petrol consumption.

1 day ago

mf

Fed rate hikes expected to become more aggressive after strong jobs report
PUBLISHED FRI, AUG 5 202211:22 AM EDTUPDATED FRI, AUG 5 20221:06 PM EDT
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Patti Domm
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1 day ago

GrowthCapitalist

Mind sharing why the fed rates hikes cause by the strong job report?

1 day ago

Star8888

Sell HengYuan and PetronM

Crack spread drop 5.74%
https://www.tradingview.com/symbols/NYMEX-D1N1%21/

Gasolin crack spread drop 5.63%
https://www.tradingview.com/chart/hiuzadjh/?symbol=NYMEX%3AGZ1%21

1 day ago

kl_guy

i'm betting hengyuan q-report will be great. If monday drop , going to pick up hengyuan-c24 and wait till q-report out.

1 day ago

stockwin


https://www.tradingview.com/symbols/NYMEX-D1N1%21/
Never understand the relationship between the above chart and financial performance of HY, Do you??

1 day ago

ty Y

Exxon mobile n shell plc stock price increase 1.67% on last week friday

12 hours ago

kl_guy

coming q-report is for April till june 2022 and hengyuan product 43% is in diesel .

12 hours ago

Jerichomy

Gg

8 hours ago

Jerichomy

Pak tua and OTbbb macai macai promote banyak banyak…nak orang beli ticket…Dah stuckkk dan jadi long term investor


ty Y
Exxon mobile n shell plc stock price increase 1.67% on last week friday
3 hours ago

kl_guy
coming q-report is for April till june 2022 and hengyuan product 43% is in diesel .
3 hours ago

8 hours ago

rr88

1,497 lots half day volume. You take this lousy volume and you shove it up OTB ASS.

I told you its coming back to square 1 at 3.70 - 4.00 with little volume trading sideways for a year.

I told you dont follow LOUSY OTB. I told you I am 100x better than OTB.

8 hours ago

kl_guy

r88, u got stuck at which level ? maybe need to pickup when hengyuan hit bottom to average out. RM3.70 -rm4.00 possible.

7 hours ago

cK1973

boleh tahan jugak ma ... still above 4 ....
i relaks aje...

7 hours ago

IshraaqNor

Betul. Terus kaji pergerakan O&G dan tunggu keputusan Q2 yg cemerlang

3 hours ago

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