Now up to 6.16...not falling

Hengyuan 156,000 per barrel is a small size refinery which has reach full capacity. Hence US disaster will not benefit Hengyuan in term of quantity unless it could increase capital investment to increase capacity.

One example of China background co...with high cash RM1,021,416,000 with financial scandal

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5346857

Other China manage listed co in Bursa

http://www.thesundaily.my/news/2017/06/05/spotlight-bursa-listed-china-firms-first-delisting-looms

Bear in mind that 90% of HRC sales consists of related party sales. Hence the the Q4 2016 69 sen and Q1 2017 93 sen EPS subject to manipulation and it is a China "manage" company....please judge the reliability of the recent EPS

In the past historic, the average EPS approximately 30 sen per quarter.

Based on the real profit for Q2 2017 of 38,681 , at P/E 6 the share price should quoted at RM3.43 if P/E 4.58

Repost :

the real operation performance could see from below:

Noted as well the gross profit margin drop


Gross profit Margin
Q2 2017 123,979k 5.13%

Q2 2016 135,600k 7.4%
Q1 2017 183,135 7.2%

All my post yesterday 7pm till 9pm (under 1681 name) and this morning 850am post has been deleted, I do not know why as I display all figures based on facts:

Admin , please be fair and let me post my view. Thanks

Repost:

davidtslim

Petronm part 7 (New valuation)

https://klse.i3investor.com/blogs/david_petronm/130782.jsp

Reply:::::
PE is a common tools to evaluate a share price. Excellent cash management will hardly a driver for share price to fly unless lucrative dividend is paying out soon.

So far Petronm price has move from RM4.14 to RM9.xx in short period due to good prospect in PE and not on cash. With current good cash management and shrinking profit , it would unable to elevate the price futher from RM9.xx.

It required new prospect and development to expand the price

I speak on fact and figure, Dear admin, please do not delete my post. Let all investors get the info and filter themselves.

Repost:


After reading all comment really tempted to invest in this counter..yet looking at the quarterly announment and noted the following:






Non- operational effect:
Gain from disposal of fixed asset 39,902
Increase in realised forex gain 7,212 (11,996-4,784)
Reduce in unrealised forex loss 5,204 (7,155-1,951)

Total non-operational effect = 39902+7212+5204=52,318

Q2 2017 Profit vs Q2 2016 should compared apple to apple as follows:
90,999-52,318 vs 61, 531 = 38,681 vs 61,531
Actual profit after tax reduce by 37.1%

Q2 2017 Profit vs Q1 2017 profit:
90,999-39,902-2,121(realised and unrealised forex effect) vs 108,537
=48,976 vs 108,537 = drop 54.9%


Noted "review in performance" of quaterly annoucement the Management do not comment on why how profit increase. Perhaps above non-operation effect will answer this.

All my post yesterday (7pm to 9pm under 1681 name) and this morning post has been deleted, I do not know why as I display all figures based on facts:

Dear Admin...I believe I acted on good faith and hope my post could stay here. Thanks

the real operation performance could see from below:

Noted as well the gross profit margin drop


Gross profit Margin
Q2 2017 123,979k 5.13%

Q2 2016 135,600k 7.4%
Q1 2017 183,135 7.2%

davidtslim

Petronm part 7 (New valuation)

https://klse.i3investor.com/blogs/david_petronm/130782.jsp

Reply:::::
PE is a common tools to evaluate a share price. Excellent cash management will hardly a driver for share price to fly unless lucrative dividend is paying out soon.

So far Petronm price has move from RM4.14 to RM9.xx in short period due to good prospect in PE and not on cash. With current good cash management and shrinking profit , it would unable to elevate the price futher from RM9.xx.

It required new prospect and development to expand the price

I guess my post will be deleted soon by admin....

Based on the real profit for Q2 2017 of 38,681 , at P/E 6 the share price should quoted at RM3.43 if P/E 4.58

All my post yesterday has been deleted, I do not know why as I display all figures based on facts:

Repost here:

After reading all comment really tempted to invest in this counter..yet looking at the quarterly announment and noted the following:






Non- operational effect:
Gain from disposal of fixed asset 39,902
Increase in realised forex gain 7,212 (11,996-4,784)
Reduce in unrealised forex loss 5,204 (7,155-1,951)

Total non-operational effect = 39902+7212+5204=52,318

Q2 2017 Profit vs Q2 2016 should compared apple to apple as follows:
90,999-52,318 vs 61, 531 = 38,681 vs 61,531
Actual profit after tax reduce by 37.1%

Q2 2017 Profit vs Q1 2017 profit:
90,999-39,902-2,121(realised and unrealised forex effect) vs 108,537
=48,976 vs 108,537 = drop 54.9%


Noted "review in performance" of quaterly annoucement the Management do not comment on why how profit increase. Perhaps above non-operation effect will answer this.