Global average refining margins shrank from $16.30 per barrel in the third quarter to $14.40 per barrel in the fourth, according to BP. That narrowed even further to $12.10 per barrel in the first few weeks of 2018. BP says that as a rule of thumb, its earnings fluctuate by $500 million for every $1-per-barrel change in the refining margin. While the figures are different for other companies, the general result is the same. Shell said it realized average margins of $8.59 per barrel in the fourth quarter along the U.S. Gulf Coast, compared to $13.04 per barrel in the third.

Blog: HENGYUAN: 50 Notices of Requisition needed to move and vote on proposed resolutions at the upcoming AGM.

Mar 24, 2018 12:32 PM | Report Abuse

Don't hold on to HYR.
Don't wait to attend AGM.
Donald Trump tsunami is now here.
Very likely there will be a Black Monday for World Market.
Equally probable another Black Tuesday for World Market ex NYSE if DJ can hold on Tuesday's trading.

To hold on to HYR will probably see you fortune halved by the end of Tuesday trading......


Stock: [HENGYUAN]: HENGYUAN REFINING CO BHD

Mar 24, 2018 12:26 PM | Report Abuse

Play safe, no OPM........


Stock: [HENGYUAN]: HENGYUAN REFINING CO BHD

Mar 24, 2018 12:25 PM | Report Abuse

Those who use OPM most like lose their underpants, if they are lucky.
If not so lucky, may go bankrupt or worst still take their own lives....just like what had happened in 1987.


Stock: [HENGYUAN]: HENGYUAN REFINING CO BHD

Mar 24, 2018 12:22 PM | Report Abuse

Looking at the trading activity in NYSE, look like there will be a Black Monday for world market, and Black Tuesday for world Market ex NYSE (hopefully DJ stabilizes on Tuesday.

As for HYR, worst case scenario is to reach rm 2.00 in next 3 month


Stock: [HENGYUAN]: HENGYUAN REFINING CO BHD

Mar 23, 2018 11:07 PM | Report Abuse

Too naive.
You think SC will act?
Check what happen to MSP, Maxwell, CAP, Xinquan, CNOhua, CSL. Which one was not having problem with account?


Blog: HENGYUAN: 50 Notices of Requisition needed to move and vote on proposed resolutions at the upcoming AGM.

Mar 23, 2018 07:37 PM | Report Abuse

FY 2013 Xinquan made 41 sen per share, Directors gave you 2 sen.
Now HYR made 5.00 ringgit, Directors also give you 2 sen.

Next year, that 2 sen dividend also gone with the wind.........


Blog: HENGYUAN: 50 Notices of Requisition needed to move and vote on proposed resolutions at the upcoming AGM.

Mar 23, 2018 07:30 PM | Report Abuse

Stock: [HENGYUAN]: HENGYUAN REFINING CO BHD

Dec 31, 2017 09:31 PM | Report Abuse

When did Hengyuan pay dividend for the last time? 2013?
When do you expect Hengyuan to pay dividend again? 2023?

Like all Red Chips, if you still think Hengyuan is making 5 ringgit or 10 ringgit a year, and expect windfall dividend, you might as well wait for Xinquan to declare a 10 sen dividend.

Sama-sama lah, all are red chips.

Don't believe, check CAP, Maxwell, CSL, Xinquan, Xinghe, Kanger, CNOuhua, all were PE 1.5x, and all cannot afford to pay dividend.

Later on fire will break out in their factories/ refinery.

Be careful, when major shareholders start to unload, it will be like Maxwell owner selling her share at 2 sen.........


Blog: HENGYUAN: 50 Notices of Requisition needed to move and vote on proposed resolutions at the upcoming AGM.

Mar 23, 2018 07:29 PM | Report Abuse

Still believe red chip to declare dividend?
2 sen is already good enough.
Next year may be none.......


Blog: HENGYUAN: 50 Notices of Requisition needed to move and vote on proposed resolutions at the upcoming AGM.

Mar 23, 2018 07:27 PM | Report Abuse

If you think Directors are not trustworthy, vote with your legs.
It will just mere waste of time expecting somebody to help you.
Remember Xinquan?
Remember CAP?
What did SC tell you ?


Stock: [HENGYUAN]: HENGYUAN REFINING CO BHD

Mar 23, 2018 07:25 PM | Report Abuse

If you think Directors are not trustworthy, vote with your legs.
It will just mere waste of time expecting somebody to help you.
Remember Xinquan?
Remember CAP?
What did SC tell you ?


Stock: [HENGYUAN]: HENGYUAN REFINING CO BHD

Mar 23, 2018 09:31 AM | Report Abuse

Those who not selling now will see his last residue of wealth turns ashes.
Donald Duck tsunami already coming..........


Blog: How to get rich quick in stock market: kcchongnz

Mar 17, 2018 09:25 PM | Report Abuse

OK.
Lets talk about OPM and Margin Finance.
When someone bought millions and millions of a counter, unless that counter is as active as Sapnergy, he will not be able to exit fast enough when he sees tsunami coming.
What make thing worse if he using Margin Finance?
He will just be a sitting duck waiting to be slaughtered.




Stock: [JAKS]: JAKS RESOURCES BERHAD

Mar 7, 2018 10:29 AM | Report Abuse

Buying Jaks is easy.
Just keep on buying till 160m and you will jack up the price.

With average volume 3-4 million a day, you will need to be net seller for 40 market days at 4m each day.
Can you do it without depress its share price?

If you cannot run with F1 speed, can you beat Donald Duck tsunami 2018?
OPM really kill.
It kills all those greedy and daredevil, regardless you are big shark or small shrimp............

Donald Duck is the most hypocrite animal in this world.
Just recall what did he say while he kowtow to Xi Jinping in Beijing?
Just recall what did he say immediately after he fired Secretary of State?

All in all, Donald Duck is an ugly duckling not worth to trust even a single sen......

Don't hold on to Jaks and Sendai.
Donald Trump tsunami is now here.
Very likely there will be a Black Monday for NYSE.
Equally probable another Black Tuesday for World Market.

To hold on to these two stocks will probably see you fortune halved by the end of next Tuesday trading......

Yes.
Jaks and Sendai are both high risk punting stocks with operator now trapped looking for scapegoat.
Ask kcchongnz and he will tell you by all means avoid buying stock with BS (bullshitting) advocated by stockmanmy...........

Don't hold on to HYR.
Don't wait to attend AGM.
Donald Trump tsunami is now here.
Very likely there will be a Black Monday for NYSE.
Equally probable another Black Tuesday for World Market.

To hold on to HYR will probably see you fortune halved by the end of next Tuesday trading......

Now HYR gave 2 sen dividend.
Next year may be none.

Check out yourself after Xinquan gave 2 sen dividend for FYE 2013, even profit was at 41 sen, no subsequent dividend was paid. Instead RI was made, and subsequently it went to holland straight away...........

Not to buy with PE higher than 1.5x for red chips, should also apply to HYR.
Profit 303 sen, highest price you should pay is 450 and not more.........

HYR -- Red Chip. Don't buy at PE higher than 1.5x.
Standard PE before collapse.
Re: Xinquan, CSL, CAP, Maxwell, MSP, Kanger

Sendai -- High risk stock unless you are so confident with its major shareholders.
Take Q from Linear Corp, Masterskill, William Cheng, Chen Lip Keong.

Jaks -- Very high risk to lose money buying at 1.40
Potential dumping by someone not able to get board representation, and cannot go for GO.
Donald Duck tsunami kills all punters with no mercy.

He is desperate to hook water fish so that he may escape Donald Duck tsunami.
Not to forget he also trapped in Jaks with 160m but can't unload because no more water fish in the market.

Every thing is relative.
Most property counters already less than half the price from their respective high.
By same analogy, Ekovest should be at 60 sen, iwcity at 70 sen.
Not to forget both Ekovest and iwcity share price were artificially maintained due to corporate exercise.
Otherwise might as well go for better buy.

If he says sell by nominees need not report, if he is right, buy under nominees account also no need to report.

Who know yesterday Sendai share price moved up not due to him buying with nominee accounts?

When Donald Duck tsunami arrives, all OPMs will go into ICU.

Ignorance does not form a defense.

If SC try to find fault with him, he will be fined 500k.....

KYY wrote:
"In fact, my nominees sold 2.8 million shares yesterday which I don’t have to report."

He is courting trouble.
Who is beneficial owner?
No need to report?

KYY wrote:

"Most of my critics have behavioural problems. Some are very egotistic and they like to criticise me just to show how clever they are. They must honestly examine their track record to see why they are still so poor. They must change their method of selecting shares to buy or sell. Moreover, they must be able to control their emotion of fear and greed to know when to sell or when to buy. I can see that they are so stupid to write to tell readers to sell Eversendai at 70 sen per share. Why did not tell reader to sell when it was selling at Rm 1.40 per share"





Blog: Banging on Eversendai: Risk and Return kcchongnz

Sep 12, 2017 09:06 PM | Report Abuse

Like all red chips, I just want to bring home one point. i.e. I don't trust the owner. Regardless what other people want to say, I always remind myself if I don't trust the Director, I will stay away from that counter.

Remember what analysts told you about Linear Corp when it announced to the whole world it got Dinding District Cooling Tower project worth RM 1000 million (1 Billion)?

Remember Masterskill? What happened now?

There are many many similar example.
If Directors not credible, your hard-earned money will go down the drain.
To invest in any counter, first and foremost look at who are the owners/ Directors.
Certain characters you should by all means......AVOID.
There are thousand and one other counters to look at..............

Want to see kyy walk out from Jaks AGM just like what he did in Xinquan AGM ?
KYY was not given a board representation.
He can either go for GO or just sell out all his holding.
Meaningless for him to be biggest shareholder but bar from BOD........

Go and study how Walmart exploited Chinese manufacturers 15 years ago.
Chinese manufacturers learn MO of US retailers like Walmart to squeeze every drop from the low cost manufacturers earning paltry wages.
They later learnt never trust and rely on a single major buyer, or else they will lose out from fair pricing mechanism.

Now US Donald Duck and his machai want to blame on China.
They had been exploiting Chinese for too long.........

Stock: [JAKS]: JAKS RESOURCES BHD

Mar 7, 2018 10:29 AM | Report Abuse

Buying Jaks is easy.
Just keep on buying till 160m and you will jack up the price.

With average volume 3-4 million a day, you will need to be net seller for 40 market days at 4m each day.
Can you do it without depress its share price?

If you cannot run with F1 speed, can you beat Donald Duck tsunami 2018?
OPM really kill.
It kills all those greedy and daredevil, regardless you are big shark or small shrimp............

Stock: [JAKS]: JAKS RESOURCES BHD

Mar 6, 2018 05:25 PM | Report Abuse

KYY and wife now own 31.745% of Jaks.
At most he can buy only 1.255% more.
If he stop buying, only logical that he will sell, sooner or later unless he is going for GO -- highly not probable.

So better sell now before he unload it............

Tomorrow HYR still down...down........and down......................

All unrelated infra is not an asset.
It need extra money to remove all the rubbish.....

Industrial land in PD worth RM 50 psf?
Day dream too much.......

Tomorrow down..down.....and down...........

Donald Duck main masak-masak?

OTB - Based on your professionalism, your experience and your TA skill, will you recommend to your subscribers to cut loss/ take profit/ hold and wait on Monday?

I would say tomorrow world market would be hyper volatile.

Give a right call will save your subscribers millions.
Otherwise your subscribers may end up penniless.....

Don't hold on to HYR.
Don't wait to attend AGM.
Donald Trump tsunami is now here.
Very likely there will be a Black Monday for World Market.
Equally probable another Black Tuesday for World Market ex NYSE if DJ can hold on Tuesday's trading.

To hold on to HYR will probably see you fortune halved by the end of Tuesday trading......

Play safe, no OPM........

Those who use OPM most like lose their underpants, if they are lucky.
If not so lucky, may go bankrupt or worst still take their own lives....just like what had happened in 1987.

Looking at the trading activity in NYSE, look like there will be a Black Monday for world market, and Black Tuesday for world Market ex NYSE (hopefully DJ stabilizes on Tuesday.

As for HYR, worst case scenario is to reach rm 2.00 in next 3 months.....

Who was Enron auditors?
Enron burst, its auditors also burst.
So there is no more big 4.
Only Big 3 left.........

Too naive.
You think SC will act?
Check what happen to MSP, Maxwell, CAP, Xinquan, CNOhua, CSL. Which one was not having problem with account?

FY 2013 Xinquan made 41 sen per share, Directors gave you 2 sen.
Now HYR made 5.00 ringgit, Directors also give you 2 sen.

Next year, that 2 sen dividend also gone with the wind.........

Stock: [HENGYUAN]: HENGYUAN REFINING CO BHD

Dec 31, 2017 09:31 PM | Report Abuse

When did Hengyuan pay dividend for the last time? 2013?
When do you expect Hengyuan to pay dividend again? 2023?

Like all Red Chips, if you still think Hengyuan is making 5 ringgit or 10 ringgit a year, and expect windfall dividend, you might as well wait for Xinquan to declare a 10 sen dividend.

Sama-sama lah, all are red chips.

Don't believe, check CAP, Maxwell, CSL, Xinquan, Xinghe, Kanger, CNOuhua, all were PE 1.5x, and all cannot afford to pay dividend.

Later on fire will break out in their factories/ refinery.

Be careful, when major shareholders start to unload, it will be like Maxwell owner selling her share at 2 sen.........

Still believe red chip to declare dividend?
2 sen is already good enough.
Next year may be none.......

If you think Directors are not trustworthy, vote with your legs.
It will just mere waste of time expecting somebody to help you.
Remember Xinquan?
Remember CAP?
What did SC tell you ?

If you think Directors are not trustworthy, vote with your legs.
It will just mere waste of time expecting somebody to help you.
Remember Xinquan?
Remember CAP?
What did SC tell you ?

Those who not selling now will see his last residue of wealth turns ashes.
Donald Duck tsunami already coming..........

OK.
Lets talk about OPM and Margin Finance.
When someone bought millions and millions of a counter, unless that counter is as active as Sapnergy, he will not be able to exit fast enough when he sees tsunami coming.
What make thing worse if he using Margin Finance?
He will just be a sitting duck waiting to be slaughtered.




Stock: [JAKS]: JAKS RESOURCES BERHAD

Mar 7, 2018 10:29 AM | Report Abuse

Buying Jaks is easy.
Just keep on buying till 160m and you will jack up the price.

With average volume 3-4 million a day, you will need to be net seller for 40 market days at 4m each day.
Can you do it without depress its share price?

If you cannot run with F1 speed, can you beat Donald Duck tsunami 2018?
OPM really kill.
It kills all those greedy and daredevil, regardless you are big shark or small shrimp............

Surely this Tan Sri also bring you to holland.
Understand how to read and interpret financial statement before you say he is a good Tan Sri.

OMG!
You trust that Tan Sri?
Frankly speaking, I never trust that Tan Sri.
I never trust many-many more Tan Sri.

Linear Tan Sri bring a lot of Dinding fella to holland.
Masterskill Tan Sri also bring many to holland.
King of Steel Tan Sri also bring a lot of pensioner to holland.
Who else?
Lost count lah.
People come here to Kow Choy, not to Kow Ming.

I believe Mr kcchong will agree with me..........

Who is this hollander?
Without Iwcity, it may be a 'buy', surely not a 'good buy' relative to other property counters.

When Lim Botak inject Iwcity into Ekovest, with cash alternative @ 1.50, nobody is going for share swap. So Ekovest has to borrow to accept all offered shares.

What make thing worse is Ekovest now has to resume all liabilities of Iwcity.
With Danga Bay fast becoming a ghost town, to be joined hand in hand with R&F, further aggravated by Forest City, no way Greenland going to continue with the project.
This will increase holding cost for land held for development.

Hollander should suggest developers with cheap land cost, building affordable landed properties or industrial properties, rather than trying to bring newbies to holland........

China is ready to take on US for trade war.
You think who will suffer more?
Donald Duck is an idiot to fire Gary Cohn.
He will make all American suffer.

https://www.cnbc.com/2018/03/15/us-tariffs-on-china-costs-to-americans.html

Blog: 特朗普給美國帶來通膨

Mar 10, 2018 04:17 PM | Report Abuse

Donald Duck is an idiot !
What is the root problem ?
Household income 5000 RMB is a middle class in China, just like middle class in US need 5000 USD. Middle class spending is the the driver for any economies.
US was able to enjoy high quality of life at the expense and exploitation of others. But US has no more added advantage over the rest of the world now especially when it has to compete with emerging countries like China.

Minimum wage for China 13 RMB per hour.
Minimum wage for US 13 USD per hour.
Trade union in US kills all investment from foreign countries.
China has no such problem.
Cost for doing business is very much less in China, talk of land cost, labour cost, insurance, transport (except petrol), energy cost, legal cost etc.

US has no more technological advantage when come to industrial products for civilian usage.
Nanochips technology no more monopolized by Intel.
Many western countries, China, Taiwan, Korea and Japan have developed their own nano-technology equally advance compared with US product.
You should take note most of the so-called US product like Intel, Western Digital etc are not manufactured in US but in countries like Malaysia, Thailand and China.

Similar product bearing same brand name with same quality when it is manufactured in US is 6 time more expensive than those manufactured in China.

Apple with Apple, solar panel with solar panel, steel with steel, what is produced by Donald Duck cannot compete with what is produced by Xi Jinping.

How to overcome this problem?
Why US was able to enjoy working less with higher income?
Still can remember once 40" plasma TV selling at RM 13,000 ?
Still can remember one bottle-size Motorola mobile phone selling at RM 23,000 ?
Those days are over.
So Donald Duck must come back to real world of today.

In order to save US economy, US citizen must prepare to work harder for lesser pay.
Instead of 13 USD per hour, Donald Duck should reduce it to 6.5 USD per hour.
If on everage every household earns 2500 USD per month, earning 3000 USD a month is good to be middle class in US. That is still earning 3 times more than the Chinese workers.

If Chinese workers can survive on 13 RMB minimum wage, no reason why US workers cannot survive cannot on a 6.5 USD hourly wage?

Posted by ks55 > Mar 8, 2018 11:25 PM | Report Abuse X

Might as well US ask for sanction against China in UN.
Giving reason China businessmen cheat US businessmen.
US not buying from China.
US not selling to China.
US ask all its allies boycott trading with China.

So where do you think Malaysia will take side?

Malaysia total trade with China in excess of 25% (China itself 15.8%, Hongkong 3.3% , say half of Singapore trade final destination is China amounts to 6.5%).

Malaysia trade wit US is 8.8%

China is simply too important trading partners with most countries compared with US.
So Donald Duck will be as good as Peking Roast Duck if he try to start full scale trade war with China.
US will be a country of the Beggars............

Buy good share cheap.
When can the share price cheap?
How to determine if the share is good?
How are you going to collect good share?
Do you have an exit plan?

Investing clock cycle:-

NYSE is now at 1.00pm
KLSE is at 3.00pm

Up to you to decide when is the best timing.
Up to you to formulate your buying and exit strategy.

Make money is because you are good.
Lose money because you are not up to the mark.

Pay to get tips is a lazy fella hoping others to help you make money.
If you are good and willing to take risk, go for common stocks.
If you want to take lesser risk, go for selected Reits.
If you cannot afford to lose, go for MGS.
If you need liquidity to spend on daily expenses, go for FD.

Don"t go for Unit Trust especially Public Mutual.
If you read their analysts' report, surely you go bankrupt.

Equip yourself with basic investing principles.
Consult kcchongnz for he will teach you how to fish, instead of selling you his fish.....

Donald Duck is an idiot !
What is the root problem ?
Household income 5000 RMB is a middle class in China, just like middle class in US need 5000 USD. Middle class spending is the the driver for any economies.
US was able to enjoy high quality of life at the expense and exploitation of others. But US has no more added advantage over the rest of the world now especially when it has to compete with emerging countries like China.

Minimum wage for China 13 RMB per hour.
Minimum wage for US 13 USD per hour.
Trade union in US kills all investment from foreign countries.
China has no such problem.
Cost for doing business is very much less in China, talk of land cost, labour cost, insurance, transport (except petrol), energy cost, legal cost etc.

US has no more technological advantage when come to industrial products for civilian usage.
Nanochips technology no more monopolized by Intel.
Many western countries, China, Taiwan, Korea and Japan have developed their own nano-technology equally advance compared with US product.
You should take note most of the so-called US product like Intel, Western Digital etc are not manufactured in US but in countries like Malaysia, Thailand and China.

Similar product bearing same brand name with same quality when it is manufactured in US is 6 time more expensive than those manufactured in China.

Apple with Apple, solar panel with solar panel, steel with steel, what is produced by Donald Duck cannot compete with what is produced by Xi Jinping.

How to overcome this problem?
Why US was able to enjoy working less with higher income?
Still can remember once 40" plasma TV selling at RM 13,000 ?
Still can remember one bottle-size Motorola mobile phone selling at RM 23,000 ?
Those days are over.
So Donald Duck must come back to real world of today.

In order to save US economy, US citizen must prepare to work harder for lesser pay.
Instead of 13 USD per hour, Donald Duck should reduce it to 6.5 USD per hour.
If on everage every household earns 2500 USD per month, earning 3000 USD a month is good to be middle class in US. That is still earning 3 times more than the Chinese workers.

If Chinese workers can survive on 13 RMB minimum wage, no reason why US workers cannot survive cannot on a 6.5 USD hourly wage?

Might as well US ask for sanction against China in UN.
Giving reason China businessmen cheat US businessmen.
US not buying from China.
US not selling to China.
US ask all its allies boycott trading with China.

So where do you think Malaysia will take side?

Malaysia total trade with China in excess of 25% (China itself 15.8%, Hongkong 3.3% , say half of Singapore trade final destination is China amounts to 6.5%).

Malaysia trade wit US is 8.8%

China is simply too important trading partners with most countries compared with US.
So Donald Duck will be as good as Peking Roast Duck if he try to start full scale trade war with China.
US will be a country of the Beggars............

Stock: [HENGYUAN]: HENGYUAN REFINING CO BHD

Dec 31, 2017 09:29 PM | Report Abuse

Why I am here?

I hate to see idiots promoting Hengyuan day and night non-stop.

Already gone overboard.

Just syiok-syiok sendiri.

Always think of the positive side.

Never want to pay attention to the negative aspects.

Try to lure ignorant newbies without giving due caution to the potential risk.

Promoters are not promoting a decent stock with decent price with good faith.........ALL IN ALL, THEY ARE HERE TO CON YOU..................

Stock: [HENGYUAN]: HENGYUAN REFINING CO BHD

Mar 2, 2018 09:05 AM | Report Abuse

Donald Duck finally declared Trade War with China and the rest of the world.
Bad share drops, good share also drops.
Low price stock drops, high price stock drops more.

HYC may drop to 2 ringgit............

http://nymag.com/daily/intelligencer/2018/03/trump-finally-declares-hi...