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2022-06-13 12:10 | Report Abuse
generally, today is good time to buy stocks for short term bet. Most stocks in KLSE are on sale.
2022-06-13 11:36 | Report Abuse
Sharks really love retail investors... When up, most chase high and high, when low, all rush to sell low...
2022-06-13 11:06 | Report Abuse
CWs have dropped more than 50%-60%, mother share dropped by 10%-20%, depending on when you buy. The worst hit are cw investors.
2022-06-08 16:06 | Report Abuse
Petron, my side bet, is doing better than HY.
I believe HY will follow soon, just need more "shaking"
2022-06-08 16:03 | Report Abuse
petron more fun...i bottomed fish this morning at 6.90+now can take profit.
Henyuan like kena KYY curse...Perhaps uncle bought too much operators' shares, so have to wait for more "shaking" by operators.
2022-06-08 11:13 | Report Abuse
again bottom fish at 6.10-6.13...
2022-06-07 11:21 | Report Abuse
in about 3 months time, we will know who is right and who is wrong.
2022-06-02 16:42 | Report Abuse
i am happy to buy below RM 6.20
2022-06-02 16:37 | Report Abuse
Kyy effect, mother share dropping 18sen+now
2022-06-01 18:37 | Report Abuse
when price up, this forum is peaceful. When down, this forum become fxxxxxxxxxxxx
2022-06-01 15:11 | Report Abuse
price surge again...
2022-05-31 11:23 | Report Abuse
grabbed some RM 6 at the opening... earning some peanuts now, let see can become gold latter
2022-05-30 19:18 | Report Abuse
This is true. probably all losses already provided in Q1...kitchen sinking.
New hedging will be based on existing high crack spread even crack drop they will have gain on derivatives. As such Q2 will be explosive.
Nonetheless, this is pure rational speculation only. HY results are very difficult to predict since 2017...
.....................................
probability
when your margin expanded, new hedging will be done with expanded crack
their hedging contract size is always 25% of their qtrly revenue
1 hour ago
when your margin expanded, new hedging will be done with expanded crack
their hedging contract size is always 25% of their qtrly revenue
2022-05-30 17:37 | Report Abuse
Lower profit qoq due to fair value loss on derivatives RM 432 million, inventories written down RM 131m.
2022-05-30 15:29 | Report Abuse
2022-05-30 15:26 | Report Abuse
Can google : Warren Buffett’s Worst Investments of All Time
A good lesson to learn.
2022-05-30 15:20 | Report Abuse
taking clue from Warren B who is betting big on O&G. He feels O&G bull will last longer due to under investment and various geographical issues...
2022-05-30 15:15 | Report Abuse
Don't hantam people if a stock failed to perform...Even Warren Buffet is only 60%-70% right in his investment. He also made a lot of mistakes. If one can achieve 60% right in investment, he is doing well in investment.
2022-05-30 15:07 | Report Abuse
https://finance.yahoo.com/news/buffett-betting-big-oil-gas-000000803.html
Buffett Is Betting Big On Oil And Gas Stocks
taking clue from Buffet which means he still believes oil and gas can run further...
2022-05-30 15:05 | Report Abuse
https://finance.yahoo.com/news/buffett-betting-big-oil-gas-000000803.html
Buffett Is Betting Big On Oil And Gas Stocks
2022-05-30 15:04 | Report Abuse
Buffett’s Energy Investments
Buffett has been doubling down on his energy investments while trimming his banking holdings despite oil and gas stocks being at multi-year high valuations.
To wit, the legendary investor has added new shares in red-hot E&P companies Occidental Petroleum Corp. (NYSE:OXY) and Chevron Inc. (NYSE:CVX) despite both currently trading at multi-year highs.
According to Berkshire’s latest 13F filing, the company bought 118.3M OXY shares in multiple transactions from March 12 to March 16, bringing its stake in OXY to 136.4M shares, or ~14.6% of its shares outstanding. Berkshire also owns OXY warrants granting the right to acquire some 83.9M additional common shares at about $59.62 each plus another 100,000 OXY preferred shares.
Earlier, Berkshire revealed that it purchased about 9.4 million shares of oil titan Chevron in the fourth quarter, boosting its stake to 38 million shares currently worth $6.2 billion.
OXY has more than doubled over the past 12 months, while CVX is up 50%, with both stocks trading near multi-year highs. But, obviously, Buffet thinks they still have plenty of upside judging by the huge positions opened by his investment conglomerate.
Buffett is hardly alone.
Related: How 3D Printers Could Transform The Energy Industry
OXY CEO Vicki Hollub has snapped up OXY shares in the open market, even as shares trade near three-year highs. According to an SEC filing, Hollub paid $798K on March 28 for 14,191 OXY shares at an average price of $56.24, raising her holdings to 467,282 shares and an additional 23,390 shares through a savings plan. Hollub last bought OXY shares on the open market nearly three years ago, when she paid $1.8M for 37,460 shares at an average $48.15/share on June 10, 2019.
Wall Street is enthralled by OXY, too.
Raymond James analyst John Freeman recently raised his OXY price target to $85 from $60, setting a new Wall Street high. That’s good for nearly 50% upside.
OXY has 9 Strong Buy ratings; 2 Buy, 13 Hold, 1 Sell and 1 String Sell ratings on Wall Street.
2022-05-30 14:53 | Report Abuse
Forgot to update timely. Below is my i3 thread in respective stock forum.
Add some HY during big selldown. Sold MSC... most commodities not so se xy except for O&G section still ok for short term bet. Take profit on Pmetal as well
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Stock: [HENGYUAN]: HENGYUAN REFINING CO BHD
May 26, 2022 2:31 PM | Report Abuse
so good to chase low again today below RM 6.20
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Stock: [MSC]: MALAYSIA SMELTING CORP BHD
May 19, 2022 1:59 PM | Report Abuse
Good investor must know when to buy and when to take profit...
2022-05-30 10:26 | Report Abuse
how can players beat banker?
2022-05-30 10:26 | Report Abuse
cw is casino play... IB is banker, retail investors are players
2022-05-30 10:23 | Report Abuse
today is last day for IB issuer of C22 to sell balance of their shares bought for hedging and end of manipulation, with result announcement likely today. The worst should be over for now...
2022-05-30 10:10 | Report Abuse
congrate to those bottom fish last week...
2022-05-27 09:56 | Report Abuse
Could be also due to overhang of HY shares due to at least 2 cws expire this month.
Big boys are resting waiting for c22 to expire as they let IB or licensed mkt maker to perform their show. IB when they issued cw they would need to hedge by buying millions of hy shares. Upon expiry or prior to expiry, they will sell those shares. This is short term overhang.
2022-05-26 17:21 | Report Abuse
Petron quarterly profit up 76% qoq, EPS 39sen
2022-05-26 14:31 | Report Abuse
so good to chase low again today below RM 6.20
2022-05-25 15:51 | Report Abuse
both petron and hy are a buy at good bargain today.
2022-05-25 12:00 | Report Abuse
chase low... chase low
2022-05-25 10:05 | Report Abuse
bottom fish HY at 6.20-6.25. Thank you....
2022-05-25 10:02 | Report Abuse
uncle from his latest article has changed tone and looked like he is buying HY and sell his plantation stocks... Today is a good price.
2022-05-25 09:58 | Report Abuse
wow, IB is good lah. almost back to my purchase price about 1 month ago, all profits evaporate ...
Anyway, I am happy to add n buy low....
2022-05-24 17:15 | Report Abuse
Crack spread for Q4 2021 is averaging USD10.85.
The average Brent crude oil price is = USD77.90.
Crack spread for Q1 2022 is averaging USD13.86.
The average Brent crude oil price is = USD100.68.
Simple math, this quarter result should be much better than last quarter EPS of around 59.93sen. Inventory gain should be able to offset loss in derivative hedge.
2022-05-24 15:11 | Report Abuse
both HY and Petron are correlated. When one sentiment is bad, the other will the same.
2022-05-24 14:13 | Report Abuse
petronm to report results today?
They reported their results on 24th last 2 quarters. Today is 24th...
2022-05-24 13:06 | Report Abuse
could be due to T+3, expiring of c22 next few days where IB maybe shorting.
I has warned the expected volatility of Hy earlier. If it is not due to big drop in spread, then fundamental still intact
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Stock: [HENGYUAN]: HENGYUAN REFINING CO BHD
May 13, 2022 3:46 PM | Report Abuse
This month has 2 cws expiry, otherwise hengyuan will fly much faster?
Contra players be careful of volatility...
2022-05-23 11:34 | Report Abuse
no power despite all good news...
2022-05-19 14:48 | Report Abuse
Marathon Petroleum Corp current PE is 5...
Hengyuan PE 5 = ?
2022-05-19 13:59 | Report Abuse
Good investor must know when to buy and when to take profit...
2022-05-19 13:52 | Report Abuse
Party over for plantation stocks?
2022-05-18 18:00 | Report Abuse
Last time spread was around 15, price goreng to RM 15-19
This round spread is around 20-30+, price can shoot up to ???
2022-05-17 18:28 | Report Abuse
start trending up, my short term bet on commodities namely MSC, Pmetal and Henguan made some good profit again....
2022-05-17 14:05 | Report Abuse
“
Hopefully not big surprises in next few quarters....
However, we would like to highlight that refineries typically take on progressive hedging positions (forward sales) and due to the lack of access, we are unsure of the spot/hedge portion for both Hengyuan and Petron Malaysia,” it added.
2022-05-13 15:46 | Report Abuse
This month has 2 cws expiry, otherwise hengyuan will fly much faster?
Contra players be careful of volatility...
Stock: [HENGYUAN]: HENGYUAN REFINING COMPANY BERHAD
2022-06-13 12:23 | Report Abuse
i don't think HY price will collapse esp crack spread remains high. Those who wish to cut loss should not sell at such low price now. Tech rebound is imminent.