Foreign funds are also coming

https://www.theedgemarkets.com/article/malaysias-total-trade-surpassed-rm2-tril-2021-fastest-growth-1994?fbclid=IwAR0DDRqf2VRE2BQWktIbv8AuqG0m9Bt1Jpj4CCVGygaPB1sUS-KB9FcY3fo

Today HY will hit 7.00

Thanks for selling for uncle to collect

Yeah, sell now so uncle can buy more

hng33 wants you to sell so uncle can collect ma

0.10 coming.... sell~

Congratulations to the investors, sorry to the consumer.

"Energy Supply Chains Face Worst Crisis In Five Decades As Extensive Shortages Push Prices To Explode"

https://www.youtube.com/watch?v=13TfWA8uCMc&t=505s

Aiyo... rr88...you said so sibeh many times you out of here and only come back when HY at 5.00.... now only few days come back kakacaucau again.... sibeh annoying

My Singapore Guru says sometime buy stock cannot be too rational... the more you analyse, you better keep your money in the bank, the return is 99.99% accurate.... otherwise shares with explicit growth will always take risk...

When he called buy on glove stocks last time, the PE was 50 then reach PE100!!! Who cares??? Everyone needs glove at that time!!!! Just remember to take profit during one of the high prices....

Now is the same, oil price is all time high, crack is high, economy reopen, everyone needs petrol and the share price is attractive~ IBs are brewing the oil news via mediat!!! Like it or not, FMs and syndicate will goreng it high....

My Singapura guru maintain Hengyuan can hit 50.00 by January 2023, which is about 20% discount from his TP 62.50. =D

Hello rr88 not yet 5.00 yet why you come back?

Thanks Petron, now it's time to switch to HengYuan, 1.00 gap, too cheap to ignore. =D

People are selling Petron and switch to HengYuan~ =D

People are selling Petron and switch to HengYuan~ =D

lolzzz.... regardless how you promote Petron, HengYuan will have a bigger gain than Petron. =D

Kyy now a symbol of Ting Hai effect (丁蟹效应)? Don't be superstitious la

In case someone missed kyy's removed post, just not able to copy the chart.... lol

Hengyuan will hit a new record - Koon Yew Yin

Koon Yew Yin
Publish date: Wed, 01 Jun 2022, 07:06 PM
Hengyuan reported reduced profit of 15.82 sen EPS for 1st quarter ending March and 59.9 sen EPS for its previous quarter ending December 2021. The reasons are 1) Inventories written down Rm 131.5 million.

2) Rm 432.2 million loss from forward sales of derivatives or refined products.

The company did not expect Russia to invade Ukraine during the 1st quarter, on 24 February and sold forward some refined oil products. Moreover, the company did not expect crude oil price to shoot up higher and higher so rapidly as shown on the chart below. In fact, there is no reason to write down the value of the inventories because crude oil price is shooting up higher and higher.





Due to the Ukraine-Russia conflict, the prices for almost all commodities especially petroleum products have shot up. Russia is the 3rd largest petroleum producer in the world. NATO countries including US have imposed economic sanctions on Russia. They have been buying Russian oil before and now they are trying to find alternative supply source. The British PM Boris Johnson went to the Middle East to plead with the Sultans to increase oil production. They refused to comply because they also want to gain more profit. As a result, the price of WTI Crude Oil price has been going higher and higher as shown on the chart above.





In this situation, oil producers can increase production to make more profit. But oil refineries just cannot pump faster to refine more oil. As a result, the Brent Crack Spread profit margin has been increasing rapidly in the last few months as shown on the chart above.

A crack spread is the overall pricing difference between a barrel of crude oil and the petroleum products refined from it. Refined products are various grades of petrol, gas, fertilizers and many other chemicals.

Hengyuan’s profit solely depends on Brent Crack Spread margin of profit.

Projected Q2 2022 PAT and EPS

I take the inventory value of Q1 2022 to be assumed as 1 month inventory.

The average price gain in Q2 = USD6.50.

Inventory gain from increase of Brent crude oil price= 2679.2 * 3 * USD6.5 = USD52.2 million.
Assume 1 USD= RM4.38, inventory gain = RM228.6 million.
Average crack spread for Q2 2022 = USD24.2
Profit margin = (10.6 million* USD24.2) - manufacturing & administrative expenses and finance cost
Manufacturing & administrative expenses and finance cost = -RM84.8 million

Profit margin = USD256.52 * 4.38 = RM1123.6 million - RM84.8 million = RM1038.8 million

Assume derivative financial liabilities = 161.1 - 568.4 = -407.3 million

Profit before tax = RM228.6 + 1038.8 - 407.3 = RM860.1 million

Income tax = (860.1*24%) million = 206.4 million

PAT = RM653.7 million
Number of shares = 300 million
EPS = 2.18



Investors should be wait patiently for the announcement of the 2nd quarter ending June. I expect Hengyuan to break its old record price of Rm 18.50 established in Jan 2018 when the Crack Spread was below 10 as shown on the long term Brent Crack Spread chart below.





Comparison of the 2 listed oil refineries in Malaysia.

Petron Refinery capacity is 88,000 barrels a day and Hengyuan Refinery capacity is 120,000 barrels a day.

Petron just reported 39.4 sen EPS for its 1st quarter ending march. Previous quarter ending December its EPS was 22.4 sen, an increase of 76%.

https://www.reuters.com/world/india/indian-private-refiners-profit-cheap-russian-crude-state-refiners-suffer-2022-06-01/

Hooray~ Thanks Apple~ =D

So it is best time to collect and sapu now

Wait for Nanyang to report kyy's promotion on HengYuan, it always bring in loads of uncle and aunties to buy in

https://www.enanyang.my/

Petron 6.83 VS HengYuan 6.27..... HengYuan should be well ahead of Petron.... =D

All in C24 expire 24/01/2023 & C26 expire 03/04/2023

"Hengyuan will hit a new record - Koon Yew Yin"

https://klse.i3investor.com/web/blog/detail/koonyewyinblog/2022-06-01-story-h1624168633-Hengyuan_will_hit_a_new_record_Koon_Yew_Yin

"NOAA predicts above-normal 2022 Atlantic Hurricane Season"

https://www.noaa.gov/news-release/noaa-predicts-above-normal-2022-atlantic-hurricane-season

hng33

Yes, i learnt bad experience with kyy in jaks. Therefore, i rectify position onward

30 seconds ago

Really ah? From your posting sounds the same.... anyway you have your right to post anything.... just like rr88...

Sorry you not famous enough.... lol

hng33

kyy article is signal, when shark come, don fall become victim, lets shark pump and dump, come back later.

6 seconds ago

Yes...it's a contradicting signal..... or I also remember you posted repeatedly about kyy didn't sell his JAKS shares while it was falling from 1.20 to 0.50 then you went disappear from Jaks' forum

"Inflation is Going to Get Worse. Blame a Lack of Diesel"

https://time.com/6182262/diesel-shortage-inflation/

Petron 6.80 HY 6.29....HY can up much more lo

hng33

Repetition scenario happening, when kyy posted articles to promote, its right timing to exit first. Come back later

17 minutes ago

hng33 always post opposite what kyy doing one....

Exit first = let kyy sapu more first
Sell now = kyy sapu much more
Buy now = kyy is selling
Buy aggressively = kyy is selling aggressively

Jeng~Jeng~Jeng~Jeng~

LIMIT UP TODAY!!!! =D

"Hengyuan will hit a new record - Koon Yew Yin"

https://klse.i3investor.com/web/blog/detail/koonyewyinblog/2022-06-01-story-h1624168633-Hengyuan_will_hit_a_new_record_Koon_Yew_Yin

"I expect Hengyuan to break its old record price of Rm 18.50 established in Jan 2018 when the Crack Spread was below 10 as shown on the long term Brent Crack Spread chart below."

Uncle's next article, "Why I bought millions of HengYuan"? =D

Now it looks like Syndicate + FMs + IBs are align together to SAPU HY~~~
Go with the flow and Sapu gao gao early this morning!!!
LIMIT UP 3 TIMESSSSS COMING!!!!! =D

HENG~ ONG~ HUAT AH~ =D

"Biden confirms U.S. is sending advanced rocket systems to Ukraine"

https://www.washingtonpost.com/world/2022/05/31/ukraine-russia-war-hmars-mlrs-rockets-biden/

Tomorrow limit up... back tomorrow. =D

Actually rr88 you said you out of here so sibeh many times already.... I copy your words here first... sure you will come back and kakacaucau again


rr88

They pump petron (small float - much easier to pump) to lure you into HY in order for them to get out. Its their ESCAPE PLAN. You go in, you kena.

I am out of here for now. See you later at 5.00 thereabout.

9 minutes ago

Farewell rr88.... we probably won't see you in a year or 2 years... =D

I HOOT99 more C25....

Revenue wise HY got 5bil and Petron got 3.8bil...
HY should be ahead of Petronm lo...
Need some reports and analyst to goreng HY gao gao...

Hengyuan set to rebound strongly, says RHB Retail Research

https://www.theedgemarkets.com/article/hengyuan-set-rebound-strongly-says-rhb-retail-research

RHB started to write something about HY liao.... RHB IB still uncle's favorite??? If yes uncle should appear soon lo....

Syndicate and IBs are kawan....

All the weakholders sudah cabut liao..... no more roadblock for the FMs + syndicate to goreng up to 10.00

C25 sibeh nice.... =D

rr88 disappear liao

This round I HOOT99 C25~~~~ HY 10.00 COMING!!!!

Chinaman good ma... they don't worry about the share price, let you goreng gao gao, who needs the dividend??? Keep the cash with the company and make the report nicer ma.

Revenue HY got 5bil and Petron got 3.8bil... HY is better lo
Need some reports and analyst to goreng HY gao gao...

Hoot99~ Buy99~ IBs sapu all the way to 10.00!!! =D

lolz.... still waiting for your triangle sign??? lol

eventually HY will be higher. =D

Last round HY led the way, this round Petron lead the way

Big brothers are back to buy

waiting for uncle to show up lo

Thanks apple! everytime you call sell HY up!!!! please call more often!!! =D

Thanks apple! We will Hoot99 Buy99 HY today! =D

IBs are brewing wih the news and goreng will come....

Investing_Bursa

https://www.theedgemarkets.com/article/global-refiners-falter-efforts-keep-demand?type=malaysia

4 hours ago