Zhuge, you can defend your investment in Hengyuan. You can even defend those “sifus” that had helped you make money. Inthe past. I absolutely understand that

But you gotta look at the numbers

I saw fire shooting out from Hengyuan’s several tall chimneys during my visit to PD early this year. Their plant there are several kilometers inland from the PD coast. This is not good ESG

Remove Hengyuan’s non current assets which primarily consist of real estate which then would take a huge capex for any company to buy, demolish and re-develop. That’s RM2 Billion right there, real estate assets propping up their balance sheet, real estate astate assets that are extremely extremely difficult to monetise

That means total assets reduced by RM2 Billion, which leaves them with just over RM5 Billion in assets

Cross check with their liabilities totalling RM5.4 Billion

They have almost RM2 Billion in equity. They have RM2 Billion retained earnings. Their dividends payout is downtrending which are non-consistent even with the bull oil price due to Russia’s terrible act against Ukraine. Refer further back to my previous posts regarding Hengyuan’s fundamentals

Refer to who are listed in their Top30 shareholders

Do the maths

Unless the management do something really good, an announcement of “material concern about ongoing business” will come

I don’t like Hengyuan fundamentally. I really hope they try and strike a deal with their creditors, make their balance sheet better

Unfortunately, I doubt it

Ps. Some so-called “sifus” here (and unfortunately recognized as so) have their selfish motives. I encourage more in-depth study of companies, s’all. Cheers, no harm intended, only hope all do their own personal analysis instead of being a “follower”

You are nuts, Zhuge

What about “Lost your mind”?

Pak, hahaha… can change my price ah just to win this “battle”? Cmon, you tau, saya tau, kita gurau sini jer…

Still income, right? Expectations grew too high for your remisier? Spent too much? Before rate increase(s)? Cmon… go with the tide…

PSA, go write to SC. Rhb covered this company. You think a bit

Sorry, only just checked in this thread. Less is better, huh?

Domp, most remisiers ain’t “suffering”. They’re all good. But less happy lor since our beloved G decided to increase cost on trading…

No battle, Boss Pak. This is for fun. All prices quoted in the list also most likely for fun. Except mine. With a date, no less. Ahahaha

It is now confirmed we can all ignore Zhuge

I gave you a chance to explain, Zhuge. You are obviously what I know you are. Stop your tirade against those you don’t like and focus on what you can do personally

Hah, domp is no dump! Good trading, domp!

Zhuge, appreciate you answer my question : Is Hengyuan a financially healthy fundamentally good company?

This operator always last minute make their moves wan

To be precise, 1.15 by 24 Aug

1.15

I will only mention my price if I know what I will win, ahahaha

Anyway, add me to the above list

Dunno why you guys bother wasting time with that brazenly pompous p.o.s fella that boasts about owning a lakeside bungalow, drives a 400k car and repeatedly calls himself a master trader everywhere

Zhuge, read my earlier post as I quote below. Does Hengyuan have good fundamentals as per the “sifus” you mentioned? What are good fundamentals to you without reading what “sifus” say?

I ain’t here to denigrate your “sifus”. Many congrats on you making money based on such “sifus recommendations” but I’d like your explanation on why you think Hengyuan have good fundamentals when I know they don’t. Many thanks

===
Zhuge_Liang :
Johnzhang, Sslee and OTB are knowledgeable and responsible sifu here.
They recommend good fundamental stocks.

Me earlier this week :
Hengyuan’s revenue keep growing every year. But look at their profits every year with the increasing revenue. See any profit increase in tandem with increased revenue? No. They have very bad leverage (liabilities absolutely trounce their equity), they got more than 800M in cash but check their bank borrowing changes. And then check their biggest challenge… they need better credit control… they owe creditors a lot

Be careful. Hengyuan isn’t healthy. Two of their shareholders that own 15-17M shares together (may have changed since) made their moves and will continue to do so. Refer to what I said above why these 2 shareholders trade their investments

Vtrade, we are now in what I call a "hit slap market". Funds will make their moves without queueing like retailers always do. This is a bargain hunting market in the run up to earnings result by majority of companies come end August

Every individual got his/her own personal situation and so the decision is theirs when it comes to hold, buy or sell. For me, I've always done what funds do ie. buy and invest and trade my investment. In the fortunate cases where a stock has risen substatntially, I will sell up to my cost to protect my capital (priority #1 for me) and monitor my remaining free shares

---
Anthony if ada about 10% untung
Maybe 7bit.
We should dumb dumb hold
Or lepas tangan?
If company is "healthy"

Trader or investor ?
Doubt..

Ask anthony coz dia terjelup dalam PLC and boleh feel the market
Others also can give oppion.
Memang doubt on strategy mana kena pakai

Ya kah Vtrade? I always thought following bearish followers will result in bullish naysayers ;)

What happened to this stock? Why are you guys following this ahole rr67?

Unfortunately Ptrans don’t yet have the valuations for a PTransREIT…

I don’t even know what’s a bullish engulfing candle… is it good ah?

Dude, if the bugger “buy like tomorrow”, please explain why standing margin buy order of only 500k units everyday

Nvm, don’t answer me

Waste management is key…

Just checked in here. What’s all the excitement about? Is it the fella or that TSH went up a tiny bit?

Btw, choose The Middle Path…

Hengyuan is best for trading. I already posted my explanations yesterday

Not that many years ago (2016) I was actively trading the US options market but almost thoroughly gave up due to time difference stress. I do still trade it but barely

When news broke of Russia gathering along Ukraine border, I placed call options on Valero (VLO ticker). They’re an oil refiner. I had made tidy profits on VLO in 2016 before and they were all call options and never exercised

Commodity plays require constant research but, since I’m getting on a bit, I have just 3 such counters. All the best!

Always ALWAYS take note of substantial shareholders in any company and whether they are the “known funds” BUT yet they *choose to remain below 5%* holdings. That is a very clear signal about their intentions

Tehka, Hengyuan’s revenue keep growing every year. But look at their profits every year with the increasing revenue. See any profit increase in tandem with increased revenue? No. They have very bad leverage (liabilities absolutely trounce their equity), they got more than 800M in cash but check their bank borrowing changes. And then check their biggest challenge… they need better credit control… they owe creditors a lot

Be careful. Hengyuan isn’t healthy. Two of their shareholders that own 15-17M shares together (may have changed since) made their moves and will continue to do so. Refer to what I said above why these 2 shareholders trade their investments

Sting, excitement bcoz of stocks is not my recommendation. Can be dangerous unless, of coz, you spend a lot of time on it monitoring. Not my day job this stock investment/trading thing… really hope you’re doing really well at it!

Dunno what N stock you talking bout Skoh!

I don’t like “excitement”, Sting. Old jor. If you know more than me, all the very best lor

I just want everyone here to make money, s’all

The fella gone nuts again after witnessing, but not eating himself, a bit of green vege today

Dude. Stop. Let the market decide.

StingRay, no, not really the folks from those departments you guessed. Anyway, I’m interested in this thread but definitely not for why this thread is here. If you have been in a salaried job for a long time and dabble in trading, look at what the “fund” that gives you dividends do. Evidence was clear during the hike and the fall unfortunately. All the best. I will not buy Heng Yuan for investment due to a few things. Good luck *trading*!

Fixed asset management together with treasury

StingRay… you worked in a refinery company before? I visited the PD plant earlier this year…

Ageson have always had extremely tight shareholdings. With the conso and rights, it has become quite liquid now and we are seeing the evidence. May its price return to its glory days not that very long ago…

Where is my buddy Skoh?

This TSH thread returning to its old ages again possibly… ;)

Aw crap…. now this thread will be crap again… argh

Can you guys please stop mentioning Calvin anymore? I posted a few days ago here that he’s nuts and gave my suggestion on what he should do. He has kept his trap shut since then

The only person to blame if anyone is staring at big losses is the man in the mirror. Not Calvin coz you didn’t use your brain but followed him blindly

Now, focus on the matter at hand. Thank you

Sell bought bus tickets or sell the buses?

The difference between the vanquished versus the anguished…

End of August…

I think I wanna follow Skoh since we both like happy hour and chicks in mini skirts

Talk units to avoid misunderstanding. Our system has changed for quite awhile. We’re still a very small exchange but the higher ups decided a while back that retailers want in and 1k is too many

Now, this is the kinda short post I may read. Not all those loooong ones that I just ignore…

Sorry, I meant 1 year ago…

Ooh, now I see SEE (geddit?) post follow up my earlier post

What is 1 lot, first of all? 100 or 1,000 units?

11.49am today. And then 11.56am today.

These two hits weren’t queued. I have stopped analysing queues anyway for quite awhile. They just came in and hit the bids. Same can be said for slapping asks. These buggers don’t queue. Like Maverick said, don’t think and just do. They know their positions as well as their clients’ positions

Everyone here queue…

Anyway… Skoh… two days ago I gave a stock hint with “This TSH thread is one for the ages” (or something like that) and you said you didn’t check due to crap in this thread. Check again my hint, buddy…

Yewnamhung, why did you post that? That’s quite awhile ago. Nothing related at all to what happened today. What happened today must have something to do with what happened almost exactly 2 years ago; an off market transaction as well as MTN. The timing of boss doing a margin transfer a week ago and stopped buying add to the intrigue…

Ptrans and Emetall have nothing in common.

Emetall and Lsteel have the same boss (Dto Goh) however…

Just under a year ago, two things happened that caught my eye…

Boss has stopped buying for a week after buying for a long time…