sold at 18sen, better don touch first

locked profit at 3.80

bought ASB at 18sen

added more gamuda at 3.61-3.63

cut genting at 4.22

sold at 1.62

Gamuda oversea orderbook is now far higher than local work. It has now become regional construction giant

Gamuda toll concession only contribute about 19% group earning. Therefore, the divestment toll concession only will erode 19% gamuda EPS of 10sen/quarter. These impact could further mitigate by balance cash proceed from divestment after special dividend payout through reduce finance inteerest cost. All in, gamuda still comfortable to deliver quarter EPS 8sen or annualize 32sen after divestmen

The special dividend should announce entitlement by these week, ex-date next month and payment date in next Jan before CNY

took balance profit at 1.30-1.32

bought genting at 4.20-4.22

bought toto at 1.60

bought gamuda at 3.64-3.65

took profit at 1.28

From Q3 end 30 Sept 2022
Net income attributable to non-controlling interest: Philippine Peso 95 million
Petron Corp owned 73.4% Petron Malaysia hence Petron Malaysia net income is 95/0.266 = 357.14 million Peso;
On 30th Sept 2022 MYR to Philippine Peso was 12.6426.
Q3 Petron Malaysia net income: RM 357.14/12.6426 = 28.25 million, EPS 11sen only

Don get trap again if someone compared again the different between Hengyuan and Petron Malaysia, the impact on decrease in refinary margin is real.

Upcoming Q3 PetronM result only expect to deliver EPS 11sen, is 86% decrease compared Q2 to Q3. What can hengyuan expect to deliver in Q3 ?

https://klse1.i3investor.com/blogs/Sslee_blog/2022-11-15-story-h1651990549-Petron_Malaysia_projected_net_income_from_Petron_Corp_Q3_financial_resu.jsp

Upcoming Q3 PetronM result only expect to deliver EPS 11sen, is 86% decrease compared Q2 to Q3.

https://klse1.i3investor.com/blogs/Sslee_blog/2022-11-15-story-h1651990549-Petron_Malaysia_projected_net_income_from_Petron_Corp_Q3_financial_resu.jsp

Foreign fund is buying.

Coming Q result, Dayang will report very excelent result due to ramp up asctivities and higher vessel utilization

After careful calculate impact on kraken maintenance, upcoming Q3 should still able to record about EPS 3.6sen due to absent of one off impairment in Q2 and strengthen USD.

If armanda indeed record Eps 3.6sen, it imply profit growth both for Q to Q and Q o Q

bought back armanda at 42sen

The characteristic of sifu are
1. Setting high target price, but, 90% odds unable to achieve.
2. Buy call at multiple price level, but never have sell call.
3. TA come first, FA is second. But, often is vice versa. Contradicting.
4. Advice to sell all underperform stock to single presume big wining stock to recoup back loss, but, often ended with even bigger loss. Many so call core stock he previous like the most like LCtitan slash half of market value now
5. Self claim very gentleman, but, often get ban from operator

Many so call sifu tend to have buy call on stock they posses ahead. Self-claim sifu will have many buy call when share on uptrend at different high level. Lets take example, supermax have buy call at RM 4.8, sifu make continue buy call when supermax uptrend to RM 6, 8 , 10, 15 etc. Setting big high target price to justify his call. But when blame by follower, these sifu will claim he make good buy call at RM 4.8. but, simply ignore other high level. The worse thing is sifu never make sell call target price even TA prompted warrant. Sifu will onlyy hint to hold longer for big profit in next 6 month time which tend to fail later.

Bear in mind, what happen in Petron huge USD borrowing cost may also will incur in hengyuan as hengyuan big borrowing cost mostly also in USD denominated

Every single retail petrol station sell both gasoline and diessel. Both gasoline crack and diessel crack need to average to yield final profit margin. Petron corp Q3 result is 80% decrease if compared to Q2, and is 50% decrease if compared to conrespnding Q2 2021

Just be careful for those have high expectation on upcoming hengyuan Q3 result, expecially to those holding call warrant. The earliest indicator earning warming by Petron corp slumping Q3 result cannot simply ignore.

Petron corp Q3 result is 80% decrease if compared to Q2, and is 50% decrease if compared to conrespnding Q2 2021

Sslee

Bear in mind, what happen in Petron may recur in hengyuan as hengyuan big borrowing cost mostly is in USD denominated

With petron corp release Q3 result, now, better use wise windom to project what will hengyuan upcoming Q3 result !!!

With petron corp release Q3 result, now, better use wise windom to project what will PetronM upcoming Q3 result !!!

Whatever calculation on profit become useless now as Petron corp, a holding company of PetronM already release slumping Q3 result.

Whatever calculation on profit become useless now as Petron corp, a holding company of PetronM already release slumping Q3 result.

Petron corp release Q3 result, profit slump more than 80% Q2 2022 to Q3 2022 and decrease 50% Q3 2021 on Q3 2022

https://www.petron.com/news/petron-remains-on-track-to-recovery-reports-p8-2-billion-net-income-in-first-nine-months/

https://www.petron.com/news/petron-doubles-consolidated-net-income-in-h1-2022/

https://www.petron.com/news/petron-reports-strong-2022-q1-results/

Petron corp release Q3 result, profit slump more than 80% Q2 2022 to Q3 2022 and decrease 50% Q3 2021 on Q3 2022

https://www.petron.com/news/petron-remains-on-track-to-recovery-reports-p8-2-billion-net-income-in-first-nine-months/

https://www.petron.com/news/petron-doubles-consolidated-net-income-in-h1-2022/

https://www.petron.com/news/petron-reports-strong-2022-q1-results/

cut contra loss hengyuan at 4.40-4.42

Cheap 30% private placement with 10% discount is only reserve for special 'B' investor in order to retain cypark as 'B' stock, innocent Mr Chung must awaken before too late

added last batch hengyuan at 4.52

Don silly, private placement 30% price will be based on 10% discount to 5 day open market price. Mr Chung if clever enough should disposed off his stake as soon possible now

Crack spread for gasoil and jet oil still enough for hengyuan to record about Q3 EPS RM 2, albeit lower than Q2

Buyback on weakness, sell on strength later to locked solid profit is best strategy for cyclical stock

bought back hengyuan at 4.56-4.57 for trading purpose

added balance margin to uzma, at 39sen

bought uzma with margin at 39.5sen

add all balance capital to Dayang at 1.22-1.24

We deem the results to be within our expectations (57%) but above consensus (61%) as we believe 3Q22 might post weaker earnings performance as Armada Kraken is slated for maintenance in Sep 2022.

Remark: Armanda major earning driver, Kraken, will on maintenance in Sept, will affect revenue income for Q3

sold off all armanda at 42.5sen, locked all profit, offset slightly on today intraday transaction cost loss

Top up all margin line capital to armanda at 42.5sen

Great news for armanda

Opt to take all handsome profit today to avoid getting trap later if crack spread continue tumbling