Ding3 what a massacre

Expecting worse bloodbath nxt week (margin call/panic sell/cutloss)

Aiyoyo probability some refineries can increase diesel output & lower gasoline output

For refineries that cannot, they currently still incentivised to increase both gasoline/diesel output b’coz ‘blended’ crack spread still profitable

Eventually diesel crack spread will also collapse @ oversupply (follow Mogas)

Aiyoyo probability/sslee ofcos refineries can increase diesel output (subsequently crack spread collapse)

Think global refinery utilisation/run rate @ 100% meh aiyoyo

Aiyaa BobAxel nonstop BS nonsense since last week

Just ignore

Aiyoyo sslee u think refineries can survive with Mogas crack 70sen meh

U think diesel crack wont follow Mogas collapse meh

Refineries overproduce when Mogas spread high - now oversupply (Mogas crack collapse)

Now every refinery will overproduce diesel until diesel crack collapse - just like Mogas

Walao what a morning bloodbath

Still need drop alot more..HY usually 50sen BELOW petron

Aiyoyo another 1 complain Ular nonsense

This fella really thick face - never sense/feel when people hate him kikiki

Mogas crack spread alrdy negative (-) @ refiner sell product at loss

WORST fundamental ever..refiners overproduce when crack spread high - now got too much inventory

Inevitable HY collapse back to rm3 (historical fair value)

Refiners dont have pricing power - their margins always squeezed by oil producers

Oil will remain high but all crack spread eventually collapse together (historically proven)

Walao Mogas crack spread collapse until (-negative)

Alrdy warn last time - high oil price doesnt mean high crack spread

BREAKING NEWS - China locks down Megacity Chengdu (21Mil resident - biggest covid lockdown since Shanghai)

Becareful oil collapse tonite

Sslee Higher gross profit/physical gain alrdy realised in Q2

HY 1.07Bil hedging loss should’ve correspond with higher gross profit in Q2

But due to timing mismatch (swap expiry), will only realise hedging loss 1.07Bil in Q3 (without corresponding higher gross profit/physical gain)

Sslee If HY hedge swaps expire/renewable monthly, will ur so-called ‘unrealised derivatives fair value loss’ become realised 1.07Bil hedging loss in Q3??

Post removed.Why?

If really caring/sharing - should share coming Q3 1.07Bil hedging loss + crack spread collapse

Post removed.Why?

Easier if limit down tomorrow

Then know collapse b’coz both (oil drop + bad QR)

See oil price heavy drop (WTI left usd90) alrdy know HY collapse tomorrow

Just dunno whether collapse b’coz oil drop or bad QR (record comprehensive loss -400Mil @ after include hedging loss 1.07Bil)

Q3 how to survive - need swallow 1.07Bil hedging loss (crack spread alrdy collapse somemore)

They alrdy highlight 1.07Bil hedging loss in ‘other comprehensive expense’ as WARNING of HY’s overall weakness

Post removed.Why?

No need panic yet..just wait&see where share price go tomorrow

P/s: better dont watch oil price tonite (collapsing)

Aiyaa then why got 2 QR loss in 2021 leh

Dont BS soo much leh

Aiyaa ownself queue buy rm6/6.95 better lo..such good deal

Sure got many willing seller kikiki

Aiyoyo Probability longer maturity = higher risk

Thats why 6month bonds pay lower yield/interest than 10yr/30yr bonds

Longer maturity = higher risk = compensate with higher bond yield/interest

Post removed.Why?

Thats why commodity hedge usually short term aiyoyo

Post removed.Why?

Post removed.Why?

Post removed.Why?

Commodity daily/weekly price highly volatile - nobody gonna hedge longterm 1yr at same hedged price aiyoyo

Post removed.Why?

Anyway oil price dropping hard

HY sure collapse tomorrow..just dunno whether collapse b’coz oil drop or bad QR (record comprehensive loss -400Mil)

Logically should dump (record ‘comprehensive loss’ -400Mil after include pending hedging loss 1.07Bil)

But mybe pump @ retail only see profit 600Mil+div

Just wait&see lo thursday kikiki

Hanky panky windowdressing - just delay 1.07Bil hedging loss to Q3

Q3 crack spread alrdy collapse - how to swallow 1.07Bil hedging loss somemore

Item A22: free cash/bank balance drop from (Q1) 775Mil to (Q2) 276Mil

Item A20: As of 30 June, company REFINANCING its 1.5Bil loan

P/s: HY got cashflow problem or what

Post removed.Why?

Post removed.Why?

Q3 how to survive - pending 1.07Bil hedging loss

Post removed.Why?

Countdown final hour QR judgement day

Either singsong or bloodbath

Tehka Nobody can give u Q2 estimate b’coz nobody know HY’s hedged price

Post removed.Why?

Syndicate alrdy dump high this morning

Nobody dare keep b’coz nobody can predict HY hedging loss

Kahkahkah Boomberg create fake story yesterday - ‘insider info EPS rm1.36’

Not surprised at all..forever liar kikiki

If another bad QR today, sure limit down below rm4 @ Thursday

Looks like Boomberg stuck high in HY now

Wonder create what fake story this time

Just ignore Boomberg - last time slaughtered in gloves

Everyday create fake story like bigboss privatisation / US co want takeover MY glove etc - try stop glove bloodbath but fail

No use when refined oil price up but crude oil price bigger up

Thats why crack spread (refined oil - crude oil) collapse

HY low-floating shares @ few big sell orders (syndicate run) easily collapse 15% instantly

Either retail dump 1st or syndicate dump 1st..choose wisely