HENGYUAN REFINING COMPANY BERHAD

KLSE (MYR): HENGYUAN (4324)

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Last Price

6.27

Today's Change

-0.13 (2.03%)

Day's Change

6.11 - 6.58

Trading Volume

3,581,000

Overview

Market Cap

1,881 Million

NOSH

300 Million

Avg Volume (4 weeks)

7,310,081

4 Weeks Range

5.25 - 7.70

4 Weeks Price Volatility (%)

41.63%

52 Weeks Range

3.65 - 7.70

52 Weeks Price Volatility (%)

64.69%

Previous Close

6.27

Open

6.52

Bid

6.26 x 7,500

Ask

6.27 x 2,200

Day's Range

6.11 - 6.58

Trading Volume

3,581,000

Financial Highlight

Latest Quarter | Ann. Date

31-Dec-2021 [#4] | 28-Feb-2022

Next QR | Est. Ann. Date

31-Mar-2022 | 28-May-2022

T4Q P/E | EY

22.75 | 4.40%

T4Q DY | Payout %

0.00% | 0.00%

T4Q NAPS | P/NAPS

6.84 | 0.92

T4Q NP Margin | ROE

0.69% | 4.03%

Company Profile

Sector: ENERGY

Sector: ENERGY

Subsector: OIL & GAS PRODUCERS

Subsector: OIL & GAS PRODUCERS

Description:

Hengyuan Refining Co Bhd is engaged in refining and manufacturing of petroleum products in Malaysia. The company?s operating units in its refinery consist of two crude distillers, a long residue catalytic cracker, two naptha treaters and a merox plant, two reformers, and a gasoil treatment plant. Its product portfolio consists of liquefied petroleum gas (LPG), gasoline, diesel, aviation fuel, fuel oil components, and chemical feedstocks like light naphtha and propylene. Its segment consists of manufacturing of petroleum products with all of the operations in Malaysia. Majority of its revenue is derived from the sale of refined petroleum products.

Discussions
28 people like this. Showing 50 of 91,473 comments

subwayzzz

LET'S SHORT CIMB STOCK !!!!!!!!!!!!!!!!!!!!!!!!

12 hours ago

BoomBerg

So CIMB and C22 is a main culprit

12 hours ago

rr88

Medium term? Dont be naive.
Medium term it will go back to hibernate sideways 3.70 - 4.00 for 1 - 2 yrs up 10 cents, down 10 cents, until you get bored with it and dump it with 40% loss.

12 hours ago

subwayzzz

greed is good

12 hours ago

subwayzzz

that's when you have negative refining margin


rr88

Medium term? Dont be naive.
Medium term it will go back to hibernate sideways 3.70 - 4.00 for 1 - 2 yrs up 10 cents, down 10 cents, until you get bored with it and dump it with 40% loss.

3 minutes ago

12 hours ago

BoomBerg

HAHAHA rr88
Katak di dalam tempurung

12 hours ago

BoomBerg

Long war and record crack spread never seen before just like glove euphoria who can expected that

12 hours ago

Jaes

tq, rr88 i cut already

12 hours ago

rr88

Ho ho ho....spot on!
I sold 6.52 the first few mins of market open!

Lowest 6.11, highest 6.58, close 6.27

Ho ho ho, la la la...

Come to papa, papa is waiting for you at 5.30++..

12 hours ago

BoomBerg

Tankuku bird only got ok rr88

12 hours ago

subwayzzz

but we have ATH margin right now
3.70-4.00?我切掉

12 hours ago

Ravi Kumar

Wow Petron up 76%. HY sure fly

rr88 please suck lemons

12 hours ago

Ravi Kumar

Loser rr88 please pergi mampus. Bodoh punya lembu

26 May 22 31 Dec 22 Q1 Mar 22 3,800,335 143,753 106,377 39.40 0.00 7.685 Malaysia Stock - KLSE Quarter Report History 76% Malaysia Stock - KLSE Quarter Report History 3%

12 hours ago

Dimitri_Ivanov

Check his comments these few days and you will know how manipulative he is. Instead of thanking him, you should be careful of this person.

Jaes

tq, rr88 i cut already

12 hours ago

subwayzzz

@Ravi kumar

Hahaha

12 hours ago

Ravi Kumar

One should realize all his comments since 2020 when he missed out on Supermax, TG, harta etc he could only buy HLT. From this you know he doesn't have $$$. He has to rain on other people's parade. he is nothing but a low life
Dimitri_Ivanov

Check his comments these few days and you will know how manipulative he is. Instead of thanking him, you should be careful of this person.

Jaes

tq, rr88 i cut already

12 hours ago

smartly

6.2873

12 hours ago

smartly

C22 below 30sen can buy if HY stay above 6.30

12 hours ago

ValueInvestor888

Petron quarterly profit up 76% qoq, EPS 39sen

12 hours ago

Ravi Kumar

Mind you most of the Q1 crack spread was about between USD 13 to USD 15 average. The average for April to May YTD is hovering currently 23 to 25 USD
ValueInvestor888

Petron quarterly profit up 76% qoq, EPS 39sen

19 seconds ago

12 hours ago

investor77

Tomorrow HYuan results probably out. With Inventory gain, high Gross Refinery Margin, hope net profit can touch 300 mil, if not more or Eps of RM1. For Q2, crack spread is higher at USD 30, thus profit will be much higher !!

12 hours ago

Ravi Kumar

Even if Q1 2022 isn't as high looking at how the crack spread for April and May Q2 2022 confirm explosive.

investor77

Tomorrow HYuan results probably out. With Inventory gain, high Gross Refinery Margin, hope net profit can touch 300 mil, if not more or Eps of RM1. For Q2, crack spread is higher at USD 30, thus profit will be much higher !!

3 minutes ago

11 hours ago

blackgold77

sometimes pity also la, let the joker be, he just wanna earn his 17 cents profit

11 hours ago

Ravi Kumar

Ya lor. Poor thing la Missed out on glove rally give chance la. Let's be the bigger people

blackgold77

sometimes pity also la, let the joker be, he just wanna earn his 17 cents profit

59 seconds ago

11 hours ago

blackgold77

some more the joker always make dirty jokes. if this kind of 17 cents already sell it is called premature... ejacccc

11 hours ago

Ravi1969

@blackgold77 don't know if can naik at all even with blue pill

10 hours ago

GrowthCapitalist

I'm looking forward for the earning tomorrow. Indeed abit weird with the price valuation between PetronM and Hengyuan regardless their market cap is similar. Indeed, the PAT would be at least 300MIl and expecting the price around RM27 at least. In fact, for the PetronM the fair price is the same as the market value!

Anyway, as long the crack spread is remain high and just keep it! Bursa is abit funny, earning high yet the price doesnt move but rise with speculation and rumuors. Sometime, investing isn't comprehend with hard knowledge rule but more to Take Profit as long hit your target!

Cheers guys! Try not to open the trading today yet the price is remain stagnant!

10 hours ago

subwayzzz

These are macam yes people. Tell people to short all the up from 4.xx to 7.80. diam diam saja when losing money.

Earn few cents on the way down lately then bagai katak menguak lepas hujan

10 hours ago

Ravi1969

Wakaka.

10 hours ago

VTrade

Many trap above 7

10 hours ago

subwayzzz

Pity

9 hours ago

blackgold77

Ravi, not just glove la.
This legendary joker has an illustrious history. He sold greatec at 0.8 and was super proud of it.

Still dare to advise others triangle this triangle that. Biasa lah, short sighted aim for 17 cents. Miss the forest for the trees.

8 hours ago

stockwin

With Petron reported a decent PAT for Q1 2022, we can expect a very good set of numbers from Hengyuan tomorrow. Hopefully we will see green , very green for hengyuan tomorrow.

8 hours ago

OTB

Dear BoomBerg,
You should not wait to buy Hengyuan after 31/5/2022.
I believe both the share prices of Hengyuan and Petronm will move up north tomorrow.

Q1 2022 result of Petronm is released today.
Petronm made a PAT of 106 million for Q1 2022 result. EPS = 39.40 sen.
Petronm has a derivative losses of 230 million.
The quarter sale volume is 7.7 million barrels.

Based on above result, I believe the Q1 2022 result of Hengyuan will be very good.
I already provide 227 million derivative losses for Hengyuan in my calculation.
The quarter sale volume is 9.0 million barrels.

I projected PAT of 325 million for Hengyuan in this Q1 2022 result.
Below is my calculation.
Crack spread for Q1 2022 is averaging USD13.86.
The average Brent crude oil price is = USD100.68.

I factored in a derivative financial liabilities of USD227 (losses) million.

Projected Q1 2022 PAT and EPS
Inventory gain from increase of Brent crude oil price= 3.0 million * USD20.0 = USD60.0 million
Assume 1 USD= RM4.20, inventory gain = RM252.0 million

Profit margin = (9.0 million* USD13.86) - manufacturing & administrative expenses and finance cost
Manufacturing & administrative expenses and finance cost = -RM39.7 million

Profit margin = USD124.74 * 4.20 = RM523.9 million - RM39.7 million = RM484.2 million

Assume derivative financial liabilities = 227.0 million

Profit before tax = RM252.0 + 484.2 - 227.0 = RM509.2 million

Income tax = (100*24%) + (409.2*33%) million = (24.0 + 135.0) = 159.0 million

PAT = RM325.2 million

Number of shares = 300 million
EPS = 1.08

I believe the share price of Petronm will move up north tomorrow in view of good Q1 2022 result.
This will help to bring up the share price of Hengyuan tomorrow.

I wish you can do us a favour to teach CIMB a lesson, pick up all the Hengyuan shares at a cheap price tomorrow.
I hope CIMB will pay out more for her C22 call warrants expiry.

Thank you.

8 hours ago

onlyinvestment

Hahahahahaha, fighting with bank???

8 hours ago

Ravi Kumar

Walau minyak naik 116.80

6 hours ago

Tantoro

Brent Oil Futures - Aug 22 (LCOQ2)


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113.90 +2.78 +2.50%
11:05:48 - Real-time derived data. Currency in USD ( Disclaimer )

6 hours ago

Tantoro

Crude Oil WTI Futures - Jul 22 (CLN2)


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114.18 +3.85 +3.49%
11:06:48 - Real-time derived data. Currency in USD ( Disclaimer )

6 hours ago

Tantoro

Nymex higher than Brent Crude ????????????
wow surprise

6 hours ago

BoomBerg

Yes sifu OTB will follow your advice don’t wait till 1st June
Tomorrow will hoot 9 E until CIMB lowsai

6 hours ago

BoomBerg

I’ll be a mini operator tomorrow
Lai Lai Lai rr88 you dump I buy ok deal?

6 hours ago

BoomBerg

Tomorrow onwards HY all the way green till 2nd Qtr ever best eps due to ATH crack spread usd 25 above

5 hours ago

Tantoro

Correction for you BoomBerg

5 hours ago

Tantoro

Oil easily cross 120 soon and OTW to 150
JPM prediction too and others international IBS

5 hours ago

Tantoro

Petronm 88 K BPD
Hengyuan 156 K BPD + cheap Russian oil supply

5 hours ago

probability

Hengyuan is a complex refiner which produces 35% diesel + 40% gasoline with almost 0% fuel oil (with the rest Jet Fuel & LPG)

PetronM is a simple refiner which produces almost 10% Fuel Oil..

Crack Spread of Fuel Oil is NEGATIVE.

This is a critical difference between Hengyuan & PetronM majority do not know and will always fail to know (on top of the real refining throughput of these refiners).

5 hours ago

probability

Look at Fuel Oil spread on March 22'

https://www.tradingview.com/chart/?symbol=NYMEX%3ASF31!

5 hours ago

probability

Gas prices: U.S. hasn't built a major refinery 'in 60 years,' expert points out

https://finance.yahoo.com/news/gas-prices-us-hasnt-built-a-major-refin...

A big component of the energy puzzle has to do with refineries, which operate on margins. The refining business, says Dicker, is far behind and "they really can't catch up at this moment."

"We haven't had a major refinery build in this country in 60 years," he said. "In bad times, refineries are just terrible. I can recall Valero (VLO) trading in the teens. Now it's trading at $125 a share."

5 hours ago

888STOCK888

Calling SG FMs to hoot9 HY today!!! 10.00!!! =D

59 minutes ago

888STOCK888

Brent oil $117.30!!! =D

59 minutes ago

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