Tantoro

GloveWin | Joined since 2021-02-10

Investing Experience -
Risk Profile -

Followers

0

Following

0

Blog Posts

0

Threads

545

Blogs

Threads

Portfolio

Follower

Following

Summary
Total comments
545
Past 30 days
0
Past 7 days
0
Today
0

User Comments
Stock

2022-10-17 19:30 | Report Abuse

Burung Kakak Tua
Non stop barking nonsense

Stock

2022-10-17 18:48 | Report Abuse

Others are vengeful to OTB
So sad

Stock

2022-10-17 18:45 | Report Abuse

Ular bring omen when he appear

Stock

2022-10-17 18:44 | Report Abuse

Stay away from the stock when ular appear

Stock

2022-10-17 18:16 | Report Abuse

Mana ular pergi stock mesti mati

Stock
Stock
Stock
Stock

2022-08-31 18:25 | Report Abuse

Sharewire Yes flood this forum too


probability HY does hedging on the crack and also on the inventory.

If the hedging is done on inventory, you can see hng33's explanation.

If the hedging was done on margin, you can see my explanation. It can be purely gasoline or any combination of the refined products. But, gasoline fits the changes best for ease of explanation here.

Its most likely combination of both inventory and crack / margin.


Posted by hng33 > Aug 31, 2022 11:43 AM | Report Abuse

Based on Q2 revenues and cost, hengyuan realize crack spread around USD 28, which in accord to average crack spread range from Mar to May crack for gasoline+ diesel + jet fuel. Hengyuan realize pretax profit RM 900m.

The next Q3 result comprises of crack spread june to Aug, average crack spread for gasoline + diesel + jet fuel is around USD38. Therefore, it can extimate than hengyuan upcoming Q3 pretax profit is RM 1.2 billion. EPS = RM 3

The hedging position will revert back from loss to gain as crude oil, feedstock cost, fallen from USD 135 in Q2 to USD 105 in Q3. Hengyuan NTA will booster significantly from RM 5.2 to + RM 3( from reversal hedging) + Q3 EPS RM 3 - - - - > total NTA for hengyuan RM 11


Posted by probability > Aug 31, 2022 9:16 AM | Report Abuse X

The most likely commodity hedging that caused the unrealized derivative loss is the Gasoline.

Note that the crack spread of gasoline jumped from 10 USD/brl to 32 USD/brl from Q4 21 by end of Q2 22

Say they hedged 10 million barrels 'gasoline - brent' crack by end of 2021 (considering the intent to secure relatively good margin in Q4 21' compared to avg of only 7 USD/brl last few years).

They would have bought brent crude at 100 USD and sold gasoline at 110 USD/brl in futures market with maturity of 2 years (end of 2023).

The above means they have a margin swap hedging contract valued at 10 million barrels x 10 USD/brl = USD 100 million expiring by Dec 2023.

Now by end of Q2 , the gasoline margin had expanded to 32 USD/brl.

They would need to mark to market the hedging contract status by end of Q2

This means they will report an unrealized hedging loss of 10 million x 22 USD/brl (crack expansion from their hedging to 32 from 10), which equal 220 million USD.

Now by end of Q3, if the present crack maintains for gasoline, the crack would drop back to 10 USD/brl resulting with zero hedging loss.

They can choose to realize the hedging by this qtr without affecting the P&L at all or they can do it when another opportunity arise before end of 2023 (but they must realize before the maturity).
31/08/2022 3:00 PM
31/08/2022 4:47 PM

Sharewire Petronm suffer 300++ hedging loss but not shiphoned money to Philippines!
Hengyuan suffer hedging loss but shiphoned to china
"CLAIM STOCK RAIDER"
Stock raider own petronm but didn't own hengyuan.
So his verdict is Fake
31/08/2022 4:48 PM

Sharewire Pay thru the nose tax 230million ! What a fool
If I the MD I pay rm1 ringgit for tax!
I divert the dividends 30million into mine pocket.
I hire qqq333 and stock raider as my advisor.
And not forgotten moneymaker
2 hours ago

Stock

2022-08-31 17:25 | Report Abuse

ib lackey spamming lies

Stock

2022-08-31 17:13 | Report Abuse

InvestView You can see a pattern of naysayers behaviors before and after the QR2 is out.Before the QR2 results it was always MM Jerichomy etc shouting unfounded, un back up facts ... now after the QR is out you hv Stock Raider qqq3 etc doing the same!
IBs are the biggest suspects wanting to suppress the share price.. the naysayers are either their agents or the know the facts that what ibs will do in the aftermath of QR2 result ..suppress the price and the naysayers want to take a ride... sickening!
31/08/2022 1:33 PM

Amoneymous Because they are panic?

Lets short squeeze the IB?

Posted by InvestView > 48 seconds ago | Report Abuse

You can see a pattern of naysayers behaviors before and after the QR2 is out.Before the QR2 results it was always MM Jerichomy etc shouting unfounded, un back up facts ... now after the QR is out you hv Stock Raider qqq3 etc doing the same!
IBs are the biggest suspects wanting to suppress the share price.. the naysayers are either their agents or the know the facts that what ibs will do in the aftermath of QR2 result ..suppress the price and the naysayers want to take a ride... sickening!
31/08/2022 1:36 PM

Amoneymous Yeah If you understand cockrider logic.
This is what cockrider mean.

Posted by Sharewire > 6 minutes ago | Report Abuse

Pay thru the nose tax 230million ! What a fool
If I the MD I pay rm1 ringgit for tax!
I divert the dividends 30million into mine pocket.
I hire qqq333, moneymaker and stock raider as my advisor.
31/08/2022 1:37 PM

probability no worries, i dont think these naysayers are agents to the IBs...

these are plain old man with very little education who had been surviving either by bullying or cheating..

they are scavenger category people

both driven by jealousy (qqq3 is jealous of OTB)
raider is jealous of HY over petronM..he got bitten by HY earlier as he never managed to understand how their earnings are related to crack spread and how their hedging works... that past phobia had haunted him to an extent he just cant reverse his views


market can be slow but eventually it gets intelligent

watch the show..


Posted by InvestView > Aug 31, 2022 1:33 PM | Report Abuse

You can see a pattern of naysayers behaviors before and after the QR2 is out.Before the QR2 results it was always MM Jerichomy etc shouting unfounded, un back up facts ... now after the QR is out you hv Stock Raider qqq3 etc doing the same!
IBs are the biggest suspects wanting to suppress the share price.. the naysayers are either their agents or the know the facts that what ibs will do in the aftermath of QR2 result ..suppress the price and the naysayers want to take a ride... sickening!
31/08/2022 1:42 PM
31/08/2022 3:12 PM

BoomBerg Lulu
31/08/2022 3:13 PM

BoomBerg 2.24 Lulu
31/08/2022 3:13 PM
X
Tantoro Zhuge_Liang Using karma to curse MoneyMakers is too kind to her.
I want to see her jump down from a tall building.
The damage done by her on all investors in Hengyuan forum is too huge.
This type of damage done by her cannot be forgiven.
All poor investors just cut loss because of her bad mouth.
31/08/2022 3:02 PM
31/08/2022 3:14 PM

Stock

2022-08-31 17:10 | Report Abuse

Sharewire Yes flood this forum too


probability HY does hedging on the crack and also on the inventory.

If the hedging is done on inventory, you can see hng33's explanation.

If the hedging was done on margin, you can see my explanation. It can be purely gasoline or any combination of the refined products. But, gasoline fits the changes best for ease of explanation here.

Its most likely combination of both inventory and crack / margin.


Posted by hng33 > Aug 31, 2022 11:43 AM | Report Abuse

Based on Q2 revenues and cost, hengyuan realize crack spread around USD 28, which in accord to average crack spread range from Mar to May crack for gasoline+ diesel + jet fuel. Hengyuan realize pretax profit RM 900m.

The next Q3 result comprises of crack spread june to Aug, average crack spread for gasoline + diesel + jet fuel is around USD38. Therefore, it can extimate than hengyuan upcoming Q3 pretax profit is RM 1.2 billion. EPS = RM 3

The hedging position will revert back from loss to gain as crude oil, feedstock cost, fallen from USD 135 in Q2 to USD 105 in Q3. Hengyuan NTA will booster significantly from RM 5.2 to + RM 3( from reversal hedging) + Q3 EPS RM 3 - - - - > total NTA for hengyuan RM 11


Posted by probability > Aug 31, 2022 9:16 AM | Report Abuse X

The most likely commodity hedging that caused the unrealized derivative loss is the Gasoline.

Note that the crack spread of gasoline jumped from 10 USD/brl to 32 USD/brl from Q4 21 by end of Q2 22

Say they hedged 10 million barrels 'gasoline - brent' crack by end of 2021 (considering the intent to secure relatively good margin in Q4 21' compared to avg of only 7 USD/brl last few years).

They would have bought brent crude at 100 USD and sold gasoline at 110 USD/brl in futures market with maturity of 2 years (end of 2023).

The above means they have a margin swap hedging contract valued at 10 million barrels x 10 USD/brl = USD 100 million expiring by Dec 2023.

Now by end of Q2 , the gasoline margin had expanded to 32 USD/brl.

They would need to mark to market the hedging contract status by end of Q2

This means they will report an unrealized hedging loss of 10 million x 22 USD/brl (crack expansion from their hedging to 32 from 10), which equal 220 million USD.

Now by end of Q3, if the present crack maintains for gasoline, the crack would drop back to 10 USD/brl resulting with zero hedging loss.

They can choose to realize the hedging by this qtr without affecting the P&L at all or they can do it when another opportunity arise before end of 2023 (but they must realize before the maturity).
31/08/2022 3:00 PM
31/08/2022 4:47 PM

Sharewire Petronm suffer 300++ hedging loss but not shiphoned money to Philippines!
Hengyuan suffer hedging loss but shiphoned to china
"CLAIM STOCK RAIDER"
Stock raider own petronm but didn't own hengyuan.
So his verdict is Fake
31/08/2022 4:48 PM

Sharewire Pay thru the nose tax 230million ! What a fool
If I the MD I pay rm1 ringgit for tax!
I divert the dividends 30million into mine pocket.
I hire qqq333 and stock raider as my advisor.
And not forgotten moneymaker
2 hours ago
31/08/2022 4:49 PM

Stock

2022-08-31 17:04 | Report Abuse

Sharewire Yes flood this forum too


probability HY does hedging on the crack and also on the inventory.

If the hedging is done on inventory, you can see hng33's explanation.

If the hedging was done on margin, you can see my explanation. It can be purely gasoline or any combination of the refined products. But, gasoline fits the changes best for ease of explanation here.

Its most likely combination of both inventory and crack / margin.


Posted by hng33 > Aug 31, 2022 11:43 AM | Report Abuse

Based on Q2 revenues and cost, hengyuan realize crack spread around USD 28, which in accord to average crack spread range from Mar to May crack for gasoline+ diesel + jet fuel. Hengyuan realize pretax profit RM 900m.

The next Q3 result comprises of crack spread june to Aug, average crack spread for gasoline + diesel + jet fuel is around USD38. Therefore, it can extimate than hengyuan upcoming Q3 pretax profit is RM 1.2 billion. EPS = RM 3

The hedging position will revert back from loss to gain as crude oil, feedstock cost, fallen from USD 135 in Q2 to USD 105 in Q3. Hengyuan NTA will booster significantly from RM 5.2 to + RM 3( from reversal hedging) + Q3 EPS RM 3 - - - - > total NTA for hengyuan RM 11


Posted by probability > Aug 31, 2022 9:16 AM | Report Abuse X

The most likely commodity hedging that caused the unrealized derivative loss is the Gasoline.

Note that the crack spread of gasoline jumped from 10 USD/brl to 32 USD/brl from Q4 21 by end of Q2 22

Say they hedged 10 million barrels 'gasoline - brent' crack by end of 2021 (considering the intent to secure relatively good margin in Q4 21' compared to avg of only 7 USD/brl last few years).

They would have bought brent crude at 100 USD and sold gasoline at 110 USD/brl in futures market with maturity of 2 years (end of 2023).

The above means they have a margin swap hedging contract valued at 10 million barrels x 10 USD/brl = USD 100 million expiring by Dec 2023.

Now by end of Q2 , the gasoline margin had expanded to 32 USD/brl.

They would need to mark to market the hedging contract status by end of Q2

This means they will report an unrealized hedging loss of 10 million x 22 USD/brl (crack expansion from their hedging to 32 from 10), which equal 220 million USD.

Now by end of Q3, if the present crack maintains for gasoline, the crack would drop back to 10 USD/brl resulting with zero hedging loss.

They can choose to realize the hedging by this qtr without affecting the P&L at all or they can do it when another opportunity arise before end of 2023 (but they must realize before the maturity).
31/08/2022 3:00 PM
31/08/2022 4:47 PM

Sharewire Petronm suffer 300++ hedging loss but not shiphoned money to Philippines!
Hengyuan suffer hedging loss but shiphoned to china
"CLAIM STOCK RAIDER"
Stock raider own petronm but didn't own hengyuan.
So his verdict is Fake
31/08/2022 4:48 PM

Sharewire Pay thru the nose tax 230million ! What a fool
If I the MD I pay rm1 ringgit for tax!
I divert the dividends 30million into mine pocket.
I hire qqq333 and stock raider as my advisor.
And not forgotten moneymaker
2 hours ago
31/08/2022 4:49 PM

Stock

2022-08-31 15:14 | Report Abuse

Zhuge_Liang Using karma to curse MoneyMakers is too kind to her.
I want to see her jump down from a tall building.
The damage done by her on all investors in Hengyuan forum is too huge.
This type of damage done by her cannot be forgiven.
All poor investors just cut loss because of her bad mouth.
31/08/2022 3:02 PM

Stock

2022-08-31 15:12 | Report Abuse

InvestView You can see a pattern of naysayers behaviors before and after the QR2 is out.Before the QR2 results it was always MM Jerichomy etc shouting unfounded, un back up facts ... now after the QR is out you hv Stock Raider qqq3 etc doing the same!
IBs are the biggest suspects wanting to suppress the share price.. the naysayers are either their agents or the know the facts that what ibs will do in the aftermath of QR2 result ..suppress the price and the naysayers want to take a ride... sickening!
31/08/2022 1:33 PM

Amoneymous Because they are panic?

Lets short squeeze the IB?

Posted by InvestView > 48 seconds ago | Report Abuse

You can see a pattern of naysayers behaviors before and after the QR2 is out.Before the QR2 results it was always MM Jerichomy etc shouting unfounded, un back up facts ... now after the QR is out you hv Stock Raider qqq3 etc doing the same!
IBs are the biggest suspects wanting to suppress the share price.. the naysayers are either their agents or the know the facts that what ibs will do in the aftermath of QR2 result ..suppress the price and the naysayers want to take a ride... sickening!
31/08/2022 1:36 PM

Amoneymous Yeah If you understand cockrider logic.
This is what cockrider mean.

Posted by Sharewire > 6 minutes ago | Report Abuse

Pay thru the nose tax 230million ! What a fool
If I the MD I pay rm1 ringgit for tax!
I divert the dividends 30million into mine pocket.
I hire qqq333, moneymaker and stock raider as my advisor.
31/08/2022 1:37 PM

probability no worries, i dont think these naysayers are agents to the IBs...

these are plain old man with very little education who had been surviving either by bullying or cheating..

they are scavenger category people

both driven by jealousy (qqq3 is jealous of OTB)
raider is jealous of HY over petronM..he got bitten by HY earlier as he never managed to understand how their earnings are related to crack spread and how their hedging works... that past phobia had haunted him to an extent he just cant reverse his views


market can be slow but eventually it gets intelligent

watch the show..


Posted by InvestView > Aug 31, 2022 1:33 PM | Report Abuse

You can see a pattern of naysayers behaviors before and after the QR2 is out.Before the QR2 results it was always MM Jerichomy etc shouting unfounded, un back up facts ... now after the QR is out you hv Stock Raider qqq3 etc doing the same!
IBs are the biggest suspects wanting to suppress the share price.. the naysayers are either their agents or the know the facts that what ibs will do in the aftermath of QR2 result ..suppress the price and the naysayers want to take a ride... sickening!
31/08/2022 1:42 PM

Stock

2022-08-31 15:11 | Report Abuse

Yes flood this forum too


probability HY does hedging on the crack and also on the inventory.

If the hedging is done on inventory, you can see hng33's explanation.

If the hedging was done on margin, you can see my explanation. It can be purely gasoline or any combination of the refined products. But, gasoline fits the changes best for ease of explanation here.

Its most likely combination of both inventory and crack / margin.


Posted by hng33 > Aug 31, 2022 11:43 AM | Report Abuse

Based on Q2 revenues and cost, hengyuan realize crack spread around USD 28, which in accord to average crack spread range from Mar to May crack for gasoline+ diesel + jet fuel. Hengyuan realize pretax profit RM 900m.

The next Q3 result comprises of crack spread june to Aug, average crack spread for gasoline + diesel + jet fuel is around USD38. Therefore, it can extimate than hengyuan upcoming Q3 pretax profit is RM 1.2 billion. EPS = RM 3

The hedging position will revert back from loss to gain as crude oil, feedstock cost, fallen from USD 135 in Q2 to USD 105 in Q3. Hengyuan NTA will booster significantly from RM 5.2 to + RM 3( from reversal hedging) + Q3 EPS RM 3 - - - - > total NTA for hengyuan RM 11


Posted by probability > Aug 31, 2022 9:16 AM | Report Abuse X

The most likely commodity hedging that caused the unrealized derivative loss is the Gasoline.

Note that the crack spread of gasoline jumped from 10 USD/brl to 32 USD/brl from Q4 21 by end of Q2 22

Say they hedged 10 million barrels 'gasoline - brent' crack by end of 2021 (considering the intent to secure relatively good margin in Q4 21' compared to avg of only 7 USD/brl last few years).

They would have bought brent crude at 100 USD and sold gasoline at 110 USD/brl in futures market with maturity of 2 years (end of 2023).

The above means they have a margin swap hedging contract valued at 10 million barrels x 10 USD/brl = USD 100 million expiring by Dec 2023.

Now by end of Q2 , the gasoline margin had expanded to 32 USD/brl.

They would need to mark to market the hedging contract status by end of Q2

This means they will report an unrealized hedging loss of 10 million x 22 USD/brl (crack expansion from their hedging to 32 from 10), which equal 220 million USD.

Now by end of Q3, if the present crack maintains for gasoline, the crack would drop back to 10 USD/brl resulting with zero hedging loss.

They can choose to realize the hedging by this qtr without affecting the P&L at all or they can do it when another opportunity arise before end of 2023 (but they must realize before the maturity).
31/08/2022 3:00 PM

Stock
Stock

2022-08-31 14:54 | Report Abuse

How about Jeric and Mickey mouse
Zhuge_Liang Using karma to curse MoneyMakers is too kind to her.
I want to see her jump down from a tall building.
The damage done by her on all investors in Hengyuan forum is too huge.
This type of damage done by her cannot be forgiven.
All poor investors just cut loss because of her bad mouth.
31/08/2022 2:48 PM

Stock

2022-08-31 14:39 | Report Abuse

Seeing HY record eps 2.24 olk man K bangbang balballs already
Maybe curi curi buying and later come out a article praising HY and apologies he make a very stuuppid mistake

Stock

2022-08-31 14:32 | Report Abuse

Vietnam new refinery cost US$ 13 B to built with 210 K barrel per day
Where else HY capacity is 156 k barrel per day

Stock

2022-08-31 14:23 | Report Abuse

As predicted by stockraider TP 25.00 back in 2017

Stock
Stock

2022-08-31 14:04 | Report Abuse

MM abalone also very smelly
Nobody dare to go near her
From far can smell stint abalone

Stock

2022-08-31 11:51 | Report Abuse

Sslee In 2017 Stockraider late to the party, overstay late for the last lucky draw and end up holding the bag.

By the way, I think by next year when EU boycott Russia oil and refined products the refining margin will be very good. This time round hope stockraider don't be late again to the party.
31/08/2022 7:17 AM

Stock

2022-08-31 11:51 | Report Abuse

BoomBerg Stock raider was a stern supporter of HY back in 2017 and strongly promoted tp of $25.00
Now is anti HY

Stock

2022-08-31 11:48 | Report Abuse

Johnzhang I tend to agree with you. There are a total of 16 CWs remain outstanding. Total unit adds up to 1.130 bil CW and average excercise price is $6.16 and average conversion ratio is 9.50.
If HY shot up to $15, IBs collective theoritical loss is 1,130,000,000 unit x(($15 - $6.16)/9.50)
=$1,051494,737 ie $1.05 billion !!!

IBs die die employing naysayers to spam fake news, create doubt to scare off buying interest on one hand and to do IDSS to depress price which is quite easy in the absence of buying interest yet.

----------------------------
Posted by BoomBerg > 7 hours ago | Report Abuse

Beware of Ib lackey pouring negative info so that price won’t go up
Or else their cw will make them lost their pants off
31/08/2022 9:28 AM

Totally agree

Stock

2022-08-30 18:39 | Report Abuse

MM KKK KKS
KAKIKONG KAKISONG

Stock

2022-08-30 18:19 | Report Abuse

Repeat of like glove euphoria will be next HY

Stock

2022-08-30 18:05 | Report Abuse

HY eps of 2.24 per qtr is record high in Bursa history

Stock

2022-08-30 17:24 | Report Abuse

Probability you hit jackpot so do OTB
Congratulation

Stock

2022-08-25 17:41 | Report Abuse

PETROM

Date Financial Year Quarter Revenu PBT Net Profit EPS

25 Aug 22 31 Dec 22 Q2 Jun 22 5,596,062 240,671 183,479 68.00

All Time High

Stock

2022-08-25 17:33 | Report Abuse

Petrom
22 Feb 17 31 Dec 16 Q4 Dec 16 2,289,544 152,768 112,618 41.71 eps

Stock

2022-05-26 23:44 | Report Abuse

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

Stock

2022-05-26 23:43 | Report Abuse

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

Stock

2022-05-26 23:39 | Report Abuse

Correction for you BoomBerg

Stock

2022-05-26 23:08 | Report Abuse

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

Stock

2022-05-26 23:07 | Report Abuse

Crude Oil WTI Futures - Jul 22 (CLN2)


Real-time capital.com

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

Stock

2022-05-26 23:06 | Report Abuse

Brent Oil Futures - Aug 22 (LCOQ2)


Real-time capital.com

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

Stock

2022-05-05 21:22 | Report Abuse

I wonder HY water fish investor know about Holland
If not they will soon migrate and convert to be Hollander

Stock

2022-05-05 21:05 | Report Abuse

pang72 Rm21 by 2022
05/05/2022 6:15 PM

What 21 only by 2022
should be at least RM 88.00

Stock

2022-05-05 21:03 | Report Abuse

JPM Jeff just called and said he is watching closely

Stock

2022-05-05 16:40 | Report Abuse

dont think of oil euphoria like glove
rss jeff and jpm waiting to slaughter

Stock

2022-05-05 16:37 | Report Abuse

WILL BE KENA SLAUGHTER SOONER OR LATER
watersfish

Stock
Stock