top 2...hengyuan, jaks...shows how 'surface level' analyst retail investors are...and they are flooded here

airasia really depends on this vaccine ability to eliminate the cases...may be possible by year end

supermax...should shine anytime soon...when market realize it would take years for asp rise to dampen

Higher target price for Dayang on recovery theme

https://www.thestar.com.my/business/business-news/2020/12/25/higher-target-price-for-dayang-on-recovery-theme

No Christmas joy for US jet fuel

https://www.thestar.com.my/business/business-news/2020/12/25/no-christmas-joy-for-us-jet-fuel

Kenanga maintains 'outperform' on Dayang

TheStar Thu, Dec 24

https://www.klsescreener.com/v2/news/view/770145/kenanga-maintains-outperform-on-dayang

The research house mantained "outperform" on Dayang and raised its target price to RM1.35 from RM1.20 previously with no change to its FY20-21 numbers.

thanks for all the effort sslee...amazing energy you have

another factor to note is the jet fuel crack spread....

till all the flights resume, margin on this product would be very low, unlike gasoline and diesel with land and sea transport demand

jet fuel is an inevitable product of refinery when you produce gasoline and diesel, but there are no consumers presently

hibiscut? enak rasa biskutnya...

well said sifu sslee, i concur

its a fake fundamental that retailers are chasing

in a nut shell....hengyuan is like a glass bead thats sparkling with rising sunlight - oil price....masking itself like a diamond for those naive..

real diamonds are there, look for it instead

infact like sifu sslee pointed out refining margin currently is razor thin ..cant even break even to positive PAT considering their cost of production and overhead costs

high oil price does not benefit refining margin, but 'rising' oil price benefits momentarily on stock gain, its non recurring and it reverses when oil price comes down

High oil price purely and significantly... benefits upstream, O&G service and maintenance players only

VenFx, the moment Brent touched 50, O&G stocks should have exploded upwards...

If current Brent price sustains, rise of O&G stocks is inevitable

OPEC will not increase output till there is a clear demand rise, but price is forward looking

Oil price shooting like this, they cannot suppress Serba for too long.

Its like ticking time bomb..

Petronas Carigali likely to farm out more jobs

https://www.klsescreener.com/v2/news/view/767451/petronas-carigali-likely-to-farm-out-more-jobs

“Our ‘outperform’ call is premised on Uzma’s recovery play. Being an integral upstream services provider, any factors leading to an increase in oil demand, such as positive news flow on Covid-19 vaccine developments, will bode well for the stock’s trading sentiment, ” it said.

Kenanga maintains 'outperform' on Uzma

https://www.klsescreener.com/v2/news/view/767921/kenanga-maintains-outperform-on-uzma

KUALA LUMPUR: Kenanga Research has maintained "outperform" on Uzma Bhd given the recent contract wins, and expectations of further wins moving forward.

Uzma yesterday announced a RM130mil contract by Petronas Carigali for the provision of portable water injection modules, with a tenure of 12 years.

THe contract was the third in December alone, with a previous contract awarded in June for teh Sepat platform.

"We are positive on the win as this showcases UZMA’s class-leading competencies.

"Additionally, a long-term contract of similar nature is fairly rare in this space, further proving the client’s confidence in UZMA, as well as being able to enhance the group’s long-term earnings visibility," said Kenanga.

Including the latest wins, Uzma's order book stands at about RM1.6bil.

Kenanga expects gross margins for the contract to be 30% to 35%, broadly in line with the group's average.

Uzma has submitted a bid book of over RM1bil, while management targets its bid book to grow more than RM2.5bil in the coming months in preparation for additional job bids.

"This is encouraging as it signals the presence of opportunities despite the challenging environment.

"Of the submitted bids, management guides that roughly half has a 70% chance or better at winning, displaying its confidence in further contract wins to come," said Kenanga.

The research house raised its target price to 72 sen from 64 sen previously as it sees the recent contract wins as a rerating catalyst, raising its ascribed valuations to 0.45x from 0.4x previously.

Structural underinvestment in oil and gas will put upward pressure on oil prices, Goldman Sachs’ commodities chief Jeffrey Currie told CNBC this week, commenting on commodity markets.

All markets except wheat, Currie noted, are in a deficit, and this is certainly bullish for prices. But what he calls structural underinvestment also has its part to play for the future of prices. This is particularly true for oil, where the underinvestment is not just motivated by the price rout but by the shift towards renewable energy investments.

This shift, however, may stimulate short-term demand for oil, Currie also noted, expecting it to rise over the next few years as so-called green infrastructure is being built. Afterward, as this infrastructure starts operating, there will be a negative impact on oil demand and, likely, prices.

Oil started this week with a gain as the United States began vaccinating its frontline workers, but by the end of trade, prices were on the decline again as worry about excessive supply outweighed the positive news about the vaccines.

A supply and demand update from OPEC also weighed on prices, as the cartel revised down its forecast for oil demand for this year and next. In addition, Baker Hughes’ latest rig count report for the U.S. showed the most rig additions since January, fueling the oversupply worry. On top of it all, Libya has continued to boost its production, with the average daily hitting 1.28 million bpd this month, up from 1.25 million bpd at the end of November.

Despite the current challenges, Goldman is bullish on oil, expecting Brent to average $65 a barrel next year. The investment bank cited mass vaccinations and the limited increase in production from OPEC+ as factors driving the favorable trend.

Oil inventories are also declining thanks to strengthening demand from Asia, which has added to the general optimism about oil prices next year.

Goldman Turns Bullish On Oil: Sees $65 Brent In 2021

By Irina Slav - Dec 15, 2020

https://oilprice.com/Energy/Oil-Prices/Goldman-Turns-Bullish-On-Oil-Sees-65-Brent-In-2021.html

https://www.theedgemarkets.com/article/uzma-bags-rm200m-contract-extension-petronas-carigali

Uzma bags RM200m contract extension from Petronas Carigali

The extension period is from Dec 1 this year until Nov 30, 2022, according to Uzma's stock exchange filing today.


“We believe the award is timely, as it will enable Uzma Group to continue to support the Malaysian Oil & Gas sector at a time when improving global oil prices and sentiment will lead to higher production demand, especially from existing brownfields,” he added.

Uzma bags RM200m contract extension from Petronas Carigali

https://www.theedgemarkets.com/article/uzma-bags-rm200m-contract-extension-petronas-carigali

The extension period is from Dec 1 this year until Nov 30, 2022, according to Uzma's stock exchange filing today.

“We believe the award is timely, as it will enable Uzma Group to continue to support the Malaysian Oil & Gas sector at a time when improving global oil prices and sentiment will lead to higher production demand, especially from existing brownfields,” he added.

Uzma bags RM200m contract extension from Petronas Carigali

https://www.theedgemarkets.com/article/uzma-bags-rm200m-contract-extension-petronas-carigali

The extension period is from Dec 1 this year until Nov 30, 2022, according to Uzma's stock exchange filing today.


“We believe the award is timely, as it will enable Uzma Group to continue to support the Malaysian Oil & Gas sector at a time when improving global oil prices and sentiment will lead to higher production demand, especially from existing brownfields,” he added.

Uzma bags RM200m contract extension from Petronas Carigali

https://www.theedgemarkets.com/article/uzma-bags-rm200m-contract-extension-petronas-carigali

The extension period is from Dec 1 this year until Nov 30, 2022, according to Uzma's stock exchange filing today.


“We believe the award is timely, as it will enable Uzma Group to continue to support the Malaysian Oil & Gas sector at a time when improving global oil prices and sentiment will lead to higher production demand, especially from existing brownfields,” he added.

Uzma bags RM200m contract extension from Petronas Carigali

https://www.theedgemarkets.com/article/uzma-bags-rm200m-contract-extension-petronas-carigali

The extension period is from Dec 1 this year until Nov 30, 2022, according to Uzma's stock exchange filing today.


“We believe the award is timely, as it will enable Uzma Group to continue to support the Malaysian Oil & Gas sector at a time when improving global oil prices and sentiment will lead to higher production demand, especially from existing brownfields,” he added.

this was the biggest scam in Bursa 2020

Posted by Sslee > Dec 15, 2020 10:19 AM | Report Abuse

Haha his next article "Security Commission should investigate my articles on AT - Koon Yew Yin

this company never failed to maintain its earnings even under covid 19 pandemic peak in middle east - it really shows maintenance are mandatory activity unaffected by the pandemic or the oil price

price depression is purely due to sentiment and the huge debt factor

why worry on debt when earnings is intact and growing

and now that the oil price and demand is to pick up going forward with vaccine

what? uncle pang72 regret selling and want to buy back???

ITS COMING LORR!!....ITS COMING & COMING MA!!!

its coming...

i also look forward on this

Posted by maf1964 > Dec 13, 2020 3:15 PM | Report Abuse

uncle kyy gel. plse write good article abt dayang and it will shot up. u make money and i make money. kyy gel do us a favour and for youseelf too

Monday, you see Brent rise above 50usd/brl....do not wait to whack!

By taking trailing naphta price with a relative lag of 1.5 months and comparing with current PP price, the spread should be approximately maintained

The volume (or throughput) rise should be real

Vaccines, economy
.................

The demand recovery in 2021 is based on a global GDP growth of 5%, with oil prices expected to range between $41-51/b, according to Platts Analytics.

But vaccine deployment will be a critical variable, affecting oil demand positively if developed and applied quicker than expected, the note said.

The vaccination campaign will begin in H1 2020, with a widespread rollout only expected in the second half of 2021.

Chinese oil demand will only grow 500,000 b/d or 3% next year, as the world's largest oil importer reported a steady demand increase in the second half of the year.

US oil demand is forecast to grow by 1.7 million b/d next year, with Europe expected to rise by 1.1 million b/d, Platts Analytics added.

Gasoline demand will rebound the strongest next year followed by jet fuel and then by gasoil/diesel.

"Global gasoline demand will recover by 2.4 million b/d or 10% and gasoil/diesel demand to rise by 1.3 million b/d or 5%," the note added.

Jet fuel has been the biggest casualty of the coronavirus pandemic as aircraft fleets have been grounded and borders closed.

Jet fuel normally accounts for 8% of total oil demand, but in 2020, this has more than halved.

..................

OIL 24 Nov 2020
Uneven recovery will see oil demand grow by 6.3 mil b/d in 2021: Platts Analytics

https://www.spglobal.com/platts/en/market-insights/latest-news/oil/112420-uneven-recovery-will-see-oil-demand-grow-by-63-mil-bd-in-2021-platts-analytics

RM20 IS COMING MA!!...ITS COMING & COMING LORR!!

Posted by pang72 > Dec 13, 2020 11:02 AM | Report Abuse

More and more hengyuan article posted here for reference like Supermx in the beginning!!

This is good start!!

Remember to sell your hengyuan at rm19 like you did for Supermx selling at rm19!!

gohkimhock
tankw
yistock

who else ah? too many new members in i3...i cannot keep track or trace

pang72 sifu can add any other sifu i left out in i3....active and high odds winning bets sifus i3

Icon8888
now little Jon also

these are some of the legends in i3...

charlest
pang72
moneykj

sifu Pang...is one of the top 10 investors in i3 liao...

i estimate his net worth already exceeding 50m now...minimum

Product PP price had moved about 8 % (from trailing 3 months)

http://www.sunsirs.com/uk/prodetail-718.html

LDPE: 14%

http://www.sunsirs.com/uk/prodetail-334.html

Butadiene rubber: 30%

http://www.sunsirs.com/uk/prodetail-358.html

........................

Raw material Naphta: about 10% (from trailing 3 months)

https://markets.businessinsider.com/commodities/naphthapreis

..............


Note that Naphta to be taken with lag of 1.5 months to calculate the spread:

https://assets.theedgemarkets.com/pictures/Lotte_cht_TEM1347_theedgemarkets.jpg

https://www.theedgemarkets.com/article/lotte-chemical-titan-sees-demand-growth-offsetting-oversupply-pressure

In an Oct 30 note, Maybank IB Research says it expects LCT to post stronger q-o-q earnings in 4Q, as Lotte Chemical USA Corp plants have fully resumed operations since mid-October after Hurricane Laura, coupled with a higher polymer spread of US$650 a tonne in October against US$589 a tonne in 3Q.

............


Considering above and the fact that economic recovery (due to vaccine) will only increase volume , the overall impact on bottom line will be significant improvement.

Any dampening on the margin spread between 'naphta - PP' can only be short term due to oil price spike as the driver of naphta demand is still the products

ha hah ha...cannot disclose....but i support hengyuan to move up...

and it will move up


Posted by pang72 > Dec 12, 2020 2:57 PM | Report Abuse

probability yes price can reach 19...eps 50 cents x 4 qtrs x PE10 = RM 20

its highly possible to hit this TP with current retail money 5 x stronger than 2017

(i support this target price, so that my other O&G stocks move up... but i have already said what need to be said)

TQ
10/12/2020 8:04 PM

I HOPE YOU SOLD YOUR ARMADA, DAYANG AND PNEGRY TO BUY MORE HENGYUAN LAST FRIDAY!!

ITS A MATTER OF TIME...and ITS COMING MA!!!

Refined product demand is picking up lorr...!!


Posted by Sslee > Dec 12, 2020 2:27 PM | Report Abuse

10 ppm sulphur is Euro 5.
50ppm sulpur is Euro 4.
Currently HRC only can produce some volumes of Euro 4M Mogas.

Posted by probability > Dec 12, 2020 1:48 PM | Report Abuse X

Asia Distillates-Gasoil refining margins post weekly rise

12/12/2020

https://www.hellenicshippingnews.com/asia-distillates-gasoil-refining-margins-post-weekly-rise/

Refining margins, or cracks, for 10 ppm gasoil rose 25 cents to $6.04 a barrel over Dubai crude during Asian trade, lingering close to a multi-month high of $6.40 touched earlier in the week.

..............


RM20 IS COMING LORR!! ITS COMING MA!!!

Just the logistics of flights to bring the vaccine (multiple doses) worldwid3 under very low temp will drive the energy price... it even takes a lot of energy to manufacture such low temp vaccine

People getting vaccinated also need to drive hundreds of miles multiple time to get vaccinated

It will for sure..

Today Hengyuan & PetronM is already on TheEdge weekly highlight....next week is O&G theme.... Banking stocks is over inflated, O&G is next....

ITS COMING LORR!!!!

Today Hengyuan & PetronM is already on TheEdge weekly highlight....next week is O&G theme.... Banking stocks is over inflated, O&G is next....

ITS COMING LORR!!!!

Asia Distillates-Gasoil refining margins post weekly rise

12/12/2020

https://www.hellenicshippingnews.com/asia-distillates-gasoil-refining-margins-post-weekly-rise/

Refining margins, or cracks, for 10 ppm gasoil rose 25 cents to $6.04 a barrel over Dubai crude during Asian trade, lingering close to a multi-month high of $6.40 touched earlier in the week.

..............


RM20 IS COMING LORR!! ITS COMING MA!!!

Asia Distillates-Gasoil refining margins post weekly rise

12/12/2020

https://www.hellenicshippingnews.com/asia-distillates-gasoil-refining-margins-post-weekly-rise/

Refining margins, or cracks, for 10 ppm gasoil rose 25 cents to $6.04 a barrel over Dubai crude during Asian trade, lingering close to a multi-month high of $6.40 touched earlier in the week.

..............


RM20 IS COMING LORR!! ITS COMING MA!!!

Post removed.Why?

very interesting

Posted by super_newbie > Dec 11, 2020 12:30 AM | Report Abuse

Check this out:
https://www.bloomberg.com/news/articles/2020-12-10/the-future-of-u-s-n...

confirm your jaw drop lor!!

Posted by Aus10053312 > Dec 10, 2020 11:11 PM | Report Abuse

tomorrow dayang confirm drop

your jaw drop lor!!

Posted by Aus10053312 > Dec 10, 2020 11:10 PM | Report Abuse

tomorrow possible drop

hope it breaks RM3 tomorrow