Petdag just reported very good profit. About 300 percent increase in term of profit compared to corresponding period. Hope the same for pretronm.

Result out already?

@Probability
The EIA data seem like contrasting with the report. Anyway the oil price drop should encourage petrol consumption.

https://gu.qq.com/resources/shy/news/detail-v2/index.html?t=1#/index?id=nesSN20220805135748805461ff&s=b&zxtype=1&wxurl=qqstock://newsV2/19//nesSN20220805135748805461ff///&pagetype=share&fchannel_id_fm=4003000016

Hengyuan China company might export diesel through Malaysia Heng Yuan since China has imposed export quota

If remove sanction mean all the effort down the drain.

Current price reflects scare and panic conditions among investors. Not related to basic of Heng Yuan

@OTB, would like to know how to subscribe your stock selection. Thank you.

No market will up or down forever. Today sunset tomorrow sunrise.

Next Monday is the entitlement for dividen. Cw holder becareful

I think it will be more meaningful try to understand current condition before next move

Current condition is will the world shift into recession based on what has happened now.

https://www.tradingview.com/chart/?symbol=NYMEX%3AGZ1!


Would like to confirm the above is the amount paid by goverment to HY?

Did HY mention who is the buyer for write down stock?

Nobody know which company will earn more in the 2nd quarter. Now both companies are on the 风口 since crack spread is keep on increasing. Just sell high and buy low between petronm and HY.

Both share price tend to follow each other.

HY and Petronm both are involves in refinery. The best strategy to deal with HY and Petronm is buy both and then sell the one who go up first. After selling, buy the remained one which is still stagnant or lagging behind. Please check both historical share prices. Nobody know which company will show excellent result in the coming quarter.

Diesel price even higher 52.395, up 10%. This will even bring more profit to HY since it can produce more diesel

https://www.tradingview.com/chart/?symbol=NYMEX%3AGZ1!

HY need time to show us what they have achieved in 2017. Be patient.

@Probability, those with lower crack, high profit is not layman. They just want cheap entry by misleading true layman investors. Thank for sharing all the information and analysis.

AGM first then followed by release of quartly results

@subwayzzz
Q2 result should be able to reflect the high crack spread. Q1 got too many unexpected event which erode the profit. Petronm and HY both also got hedging loss. Even more, HY got inventory write down RM 131558000 probably due to purchase of Russian oil. Without the write down, total profit for HY will be RM 179014000 or EPS RM 0.597.

For Q1:
The 1Q 2022 performance was mainly contributed by improved crack for Mogas, Gasoil and Jet Oil fuel,
coupled with increase in sales volume as compared to the corresponding period in 1Q 2021.

Still got so many buyer today

Q1 result is good. Earn more than corresponding period. Just less than our high expectations.

Q1 result before hedging and other loss is quite amazing. Now my head is full of questions how the hedging and inventory write down lead to erosion of profit. Fortunately, the management tean also mentioned the crack spread contribute to the profit of Q1. This mean that crack spread will contribute more to Q2 profit since the crack spread is much higher in Q2. So does the sale volume.

@Probability, Thank for your analysis. I believe what your analysis will come true.

@SSLee, any idea on the loss on derivative?

Don't be too disappointed.

Quoted from the report:
The 1Q 2022 performance was mainly contributed by improved crack for Mogas, Gasoil and Jet Oil fuel,
coupled with increase in sales volume as compared to the corresponding period in 1Q 2021.
Lower net foreign exchange loss and lower manufacturing expenses further improved the profit after
taxation quarter-on-quarter.

Limit up how to buy

Cw26
Exp 3 April 2023
Price 4.88
Ratio 5:1

Can consider w26

Quarter report also changed date to announce. How strong will to press down the price

Mari mampus sama sekali

If the result out during lunch break is excellent, CIMB will be out of control. Anywhere the loss have been minimized by price pressing down from Tue to Thursday.

Today the result might out during lunch break

Q1 might not satisfy all party. High crack spread began Q2

Not many contra player

Tue trading 91k
Wed trading 84k
Thurs trading 31k till 4 pm

CW is based on five day average price. If few day low already helpful to lower the settlement price. It will be too risky to keep five day low. Other player might take the golden opportunity to accumulate it.

Now is time to accumulate since result might come out any time.

Agree@vinc3362.

Somemore Ron97 just increase another 37 cent today. Refinery margin still attractive here. I can't find any reason to stop me from buying HY.

I just top up WC 25. Trading volume for HY is low- only 19931 compared to Tue and Wed. Not sure still got how many contra player remained. Buy or sell depend on what you believe. All adult and must be responsible for own behavior.

Please recommend the share which will show strong earning like HY. Thank you

Agree @ profit profits. C22 settlement next week. Current problem in oil price is limited refinery capacity. I have no idea what share to invest after dumping HY which is ride on the current rise trend. Plantation stock? Labour shortage and skyrocket fertilizer cost.

HYR sure will earn big. Will know how much earning next few days. So does the target price. RM 20 or RM 50. However, journey to RM 20 is not easy and straightforward.

Result not out yet still can press. Once result out will fly

@valueguru, what is the asia crack spread now? Any spikes?

Check cw27. Conversion price is 8.88 plus 8:1 ratio.