stOne84@ Q1 FY 2021 results are good. This counter accumulation last 2/3 days ..

stOne84@ https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=214846&name=EA_FR_ATTACHMENTS

Brennan@ Yenher’s closing price up 2 sen to 0.92.
The Directors didn’t buy high, their Pink Forms were at 0.95 sen IPO price, in fact they bought cheaper in the open market at 0.928 and 0.929 respectively. No one can correctly forecast whether the counter will go up or down ..,

888@ Yenher will pay dividend on 40% of its profit.
This will translate to 2.6 sen per share or DY of 2.7% on IPO price of 0.95 sen.
Two directors bought 450k shares at 0.929 sen and 300k shares at 0.928 sen respectively yesterday.
This is a fundamental sound company.
Invest at your own risk, comments given without prejudice.

Hope is not another play “buy on rumors sell on news”
Best wishes

Stockraider..
Your research pretty comprehensive on PetronM and it's supported by the share price rally. Now, basing on the same environment HRC Q1 2017 profit ending 31.3.2017 should be able to match Q1 2016 or exceed it.
Q1'17 result should be out towards end May'17, watch this counter !!

Ken..
1)HRC don't own any petrol station, all Shell petrol stations are owned by Shell Malaysia Trading. HRC is a pure refinery company with production of related petroleum products as well.
2)Due to a perception problem that HRC is majority owned by a Chiina company.
Your assumptions, 3,4,5, are quite accurate but finally the market will decide.

HRC's ultimate parent co. Shandong Hengyuan Petrolchemical Co Ltd in China has very sound business plan for their first overseas acquisition. For a start they will or have set up a Desk to purchase Crude for HRC and SHPCL refinery operations. HRC is all of China Refineries first overseas acquisition, they will make it a success story.
HRC's Q1 results will be testimony to their management ability.

Q1 31.3.17 just ended, results to be announced normally in late May'17. It should mirrors the impressive results registered in corresponding Q1 2015/2016 due to stable crude prices then and now. This will augur well for the share price if forecast is anywhere near ...

Suregain.. The. Independent Adviser was AmInvestment Bank (Not RHB) to shareholders of SRC/HRC. The circular was dated 19th Jan'17, you can access the circular by going to Bursamalaysia.com
The fair value based on DCF valuation is between RM4.16 to RM4.75 per share according to the circular.
*China stock .. HRC is a Malaysian stock with 100% operation in Malaysia but majority owned by a Chinese Chinese company domicile in China.

HRC will remain profitable, with stable crude prices unlike the volatility in prices in the past. To gain an insight into their culture, please look up Hengyuan's parent company in Shangdong China with the same namesake.
Have faith... RHB Investment valued HRC in excess of RM4.00, at current price you can't really go wrong ...

Shell is currently trading at a bargain, with EPS 111.75 sen(2016)) and PE 3.41 times .
How wrong can you go ...

Hengyuan has just completed an exercise to take a majority stake (51%) in Shell, this is their first overseas acquisition. The rebranding will start in earnest once approval for name change is obtained. Shell Overseas sold their stake to HY after much deliberations and despite local, as usual, objections. Shell is a reputable MNC, for Shell to sell stake to HY it speaks volume.
HY will prove all the skeptics wrong in time to come...