Again jpmorgan seem on track for their TP

This khatu come to make a joke again. Sometimes said have enough of glove, cut lost bla bla bla. Then suddenly said will boost up this and that. All nonsense, not trustable at all. He is like come to play whenever he free and contradict himself on and off....

Ular you better do back your study. Normally is hengyuan higher than petronm, you can check via bursa chart........ It's the way before, now you are coming here? How is your tg? I remember you have been promoting there quite some time. Lol what make you come here now, you are not here since early of the time. I think last week only start to saw you here

I think you are not doing your study well enough. Normally hengyuan is higher than petronm, just last month past 2 to 3 month petronm is higher due to QR of petronm is much better than hengyuan in Q1

All the discussion on hedging loss or gain is nonsense at the moment. Only insider know how the management hedge and if there are losses or gain then it will reported in coming QR. Confident then buy, otherwise sell as simple as that

Nothing much to argue, hedging is common in o&g and whether it will be profit or lost is depending on oil trend but non deniable is crack spread is very high in Q2 and hence the highest profit recorded for most refiner. Meanwhile some said spread break down I'm Q3 but somehow it's nonsense as it's just lower than historic high in Q2 but yet still higher than covid timing. With economy open up, refining product usage will be higher due to demand increase. NTA wise yes it is reduced but if u offset the net profit from nta that was reduced 2.2249-1.374 they still earn 0.851 per share which is highest in the history.

Every time jpm slash tp of glove, a lot of ppl come out and talk bad on jpm but interestingly jpm target price reach within 6 month of their target price....

Weird. What is the purpose of discuss China and US. They not even care about small country like Malaysia. Sometimes I wonder where those supporter and hater coming from. Hilarious, if China bankruptcy then how about Malaysia, bankruptcy talk have been continuous for so many years and see what happen

Those fd talk have been continue since rm 3 to 2 then to 1. Everyone scold jpm and accuse they want to collect cheap whenever they renew lower TP. If I remember correctly the latest TP of jpm is 0.9 few month ago when tg is around 1.5 something. Now see what happen, the time report speak for itself

Very likely is profit margin getting lesser but not till the extent of huge loss. Huge loss is only possible when they cannot even sell the product. I don't think that is the case, anyhow they can sell just lower margin

Big 4 survivability should be no issues. Just topg might be worst among big 4 as spent too much for share buy back at high price. Survive is not an issue but the price drop is seem very likely. The question Who is how long it need to just cover back the lost.

The QR is even worst than pre pandemic. Nothing much to expect, the cost should remain elevated while labour issues persist. On top of that us might exempt China tariff, all is not looking good for the sector

Lol seem like kyy is in opposite. Smart move indeed ask people buy hrc knowing no people will trust him and then ask promoter to start promote here then pump for the opposite site. Just an opinion, think twice before chase high. A lot of promoter will encourage you to chase high moving onward

Lol who know they did it purposely to promote other counter. Shortly after article published then out of sudden so many promoter pop out promoting the other counter. Coincidentally or pre planned? Only those active promoter that pop out suddenly will know the truth

Action speak louder than word. If you are so confident then just keep quiet and collecting. Not go other counter and promote......... Over doing it just show you are in fact not confident enough.....

Nonstop promoting other counter in different forum. If you guys are that confident in petronm why not slowly collecting. It is so obvious is to push the price up. It's kind of annoying yet repeat again again and again with different account same wording.
Do you know that over promote can have opposite effect?

Reality is those earn a lot from market won't even bother to wasting time look at the forum and comment. Sadly I am not one of them so here I am, look at the forum and comment

Lol never underestimate old man. Who know he aware his article got opposite effect so he write and collect? It is also possible that he is truly dumb and not aware what effect his article bring after such a long time. Anyway don't ever listen to anyone comment for sell & buy decision and make own judgment. No people so nice do charity to advise people how to earn and lost lesser out of goodwill. Mainly got their own intention, especially on this kind of forum.

No people can say for sure whether he don't know or intentionally act that way. Don't believe him blindly and make your own judgement better. Don't ever read any of his article to affect your decision, you will never know those get used to cheat is telling the truth or lie and they can interchanging their mode of action for their own benefit

Lol I guess ignore him is the best way, don't waste time thinking what his intention.

Whether follow opposite will make money or not is hard to say. Who know now he act in different way? I guess he is not that dumb to realize people no longer believe him anymore

You will never know when kyy call buy is him want to collect or sell. With the way it's probably he can consider call buy whenever want to collect cheap. No people believe him anymore nowadays. His reputation really go down the drain

Kyy is full of nonsense. Two weeks ago ask to people to sell. Then out of sudden today ask people to buy. Even weird is he ask sell then share increase price, he ask buy then share went down. Seem like best course of action is ignore him.

Kyy is proven toxic. Next time whenever he want to collect cheap, just promote the share will do

The share price is dropping because people speculate the ASP to drop further due to oversupply from China and other glove factory that mushrooming during covid era. Another reasons is labour shortage as well as increase raw material cost due to rising of energy cost worldwide together with tariff's exemption for China medical goods. Inflation worldwide especially will drive user to switch to lower pricing goods and further squeeze the margin. Oversea inflation was crazy, just Malaysia is much lower due to government subsidy fuel but we do impacted due to transport and cost from oversea raw material is increasing due to rising in energy cost

Average selling price

Those talk bad or good about the particular thing got their own motive. No people so free doing something extra for thing they not interested. The only thing reliable is the data not comment and have to make own judgment. Kyy wise better to ignore whatever he said. That guy not credible at all.

Kyy is toxic. At first he talk bad on the stock so can collect cheap but in fact his comment cause the price to shoot up afterward. I suppose now he finally realize his reputation is go down the drain, now do the opposite instead. Either way this guy is super toxic

The trust already gone by the time faking account. True investor will stay away as regardless of poor or good result, no way to tell is it legitimate or not. The only remain here is short trader or those with interest. Undeniable the background was tough, faking account and gotten out with just paying fine. It's kind of sad but for creditor, the best way to recover debt is by vote for winding up.

Petronas extension license also didn't really meaningful other than title to goreng stock, as even the license extended serba still have to submit for financial security for every tender they initiated.

Nothing lost from petronas side by extending the license but indeed this news is better than nothing to boost share price before winding up. Unless creditor is pressured by some other factors or else I don't think why they will against winding up, it's like a dark hole that not able to pay for debt and faking account

Not fair to compare petron and hengyuan. Hengyuan refinery capacity is double to petron which is a plus point. Petron plus point is they got own petrol station to sell petrol. In term of refinery capacity hengyuan is more potential. Just that they messed up this round, have to see Q2 then only can compare. Somehow the mistake was reflected in share price, capacity double but yet lower price than petron.

No use to write in and ask for explanation. I don't think they will even entertain. It's just some guru excuses to explain to unhappy students. In fact the result is not bad if compared with last year same quarter. In a business sense, it's kind of questionable to compare to last quarter and talk about growth. Every business got their own cycle, certain cycle will earn more and certain will earn less. It's also why when you look at quarterly report mostly just compare against last year same quarter. Even if they written down is due to Russian oil they buy, do you think they will disclose? They won't and cannot as it is not a good thing. The positive side is that prospect still intact and the Russian oil is most probably just one off incident. If they repeat the same mistake then there are something wrong with the management

The lost might be from there. Written down simply mean they sell something lower than the book value they buy. It might be because they buy Russian oil but have to sell it cheaper on that incident due to rejection by Malaysia government to dock. If that's the case then they perform quite good, as that particular stock yet to material to profit of end product. If the stock can then is not just recorded profit of the written down amount plus current net profit. Prospect is intact but too bad that they make a mistake.

Russia oil is cheap but the sanction itself is troublesome. It might be really due to Russian oil that Malaysia rejected for dock that give rise to around 130m of inventories written down. Otherwise seem like hard to explain how this figure arise, I doubt they will disclose even if that is the case. It shouldn't happen in second Q onward. Too bad, if they can buy Russian oil and sell as refined product then the margin will be even more better. Same goes for most of countries where they not dare to oppose sanction and buy Russian crude & refined product. In turn there will be a big gap of refinery capacity and supply

Apple show up. Last time he call buy axiata and airport, look what happen.

Refining capacity is not enough definitely due to long underinvestment during covid time and it's not something that can be corrected in short time. Together with opening economy and travel one by one. Demand is much higher than the supply, that's why some oversea refinery report poor qr in Q1 yet their share price is increase. It is just because the prospect is good

Net profit can be under or increase adjusted with creative accounting but not the revenue

No need to argue, it's kind of pointless. Doesn't really help in share price either way round. Creative accounting indeed was interesting, like aax reported 33.6 billion net profit. It look like good earning but in fact it's a creative accounting to write off of liabilities. It doesn't mean it is good, so have to look in details of report

If I read it correctly, they do have around 770 million cash so I don't think they have any issues in 10% SBB around 185m according to the 10% of capital. Just a matter of whether they think is worth of not. Some more they are under shandong hengyuan China, so the amount is nothing for them

rr88 I don't think you have look at the stock correctly. Last qr after it was published around end of February, the share price didn't increase but in fact dropping or remain stagnant. The recent surge in share price is due to the increase in crack spread for quarter 2

Even if they did creative accounting, they cannot do it so many times as it increase the risk of been found by authorities. Few days before the results published, they approved 10% share buy back during agm. Just depend on what price they think is worth for them to sbb. Anyhow sbb shouldn't be used as basis for share price. As they do have cases where the more sbb, the more drop is there. It depend on how people think of the prospect and outlook of company

Hengyuan quite stingy, look at the creative accounting will know. Those inventories written down etc etc no way for outsider to verify. The net profit doubtful, I personally think it is more to creative accounting to avoid windfall tax. Like what happen oversea refinery like UK, after they report fantastic result, they was imposed 25% windfall tax. Looking at the nature of Chinaman company, it won't be surprising it they purposely suppress the result. The inventories indeed increase 1 billion as compare to last quarter and twice of 1st quarter 2021

Kyy got ask people to buy? Where can see that, I thought he ask people not to buy by publish something like doubtful result earlier?

Anyhow I think most likely share price will drop tomorrow and any discussion doesn't affect the share price. Let the market to decide whether a particular stock is worth for the price or not. It's the market where buyer and seller decide the price base on the prospect

Kyy cannot pakai. The profit indeed is growth as compared to last year same quarter. Where got people compare last quarter when talk about growth. This misperception seem like started when glove rally where people see every quarter higher than last quarter. If you look at kyy track record, those stock he said can pakai all end in sharp drop in share price.

Basically the QR is good if compare with same quarter last year. This is how it suppose to be as every business got their own cycle and it's only make sense it compare same quarter last year. Even when doing business review is also the same. Just the problem is people get used to the perception that explosive QR mean much higher QR than last quarter

Anything is possible, hibiscus at first glance like make awesome profit then the next day drop. No people can guess what will happening, it's just a market of what people think how much it worth. Like glove, cash rich and even with quite good QR for some of big 4 but keep dropping as people doesn't confident in it future earning due to oversupply, rising raw material cost, labour as well as us might drop china tariff to combat inflation.

Seem like they going to execute the 10% share buy back that just gotten approved soon at the right pricing. Feel like an attempt to press down the price of company to accumulate. Anyhow it's not the huge profit QR most people expected. Chinaman really calculative, such a creative accounting that most didn't saw it coming. Unlike Malaysia company like hibiscus who tried to boost profit with negative goodwill

Anyhow regardless of the report, most people look at the value only when buy or sell so very likely tmr will drop. Although realistically business performance is compare to same quarter last year but those who want to make price drop will compare with last quarter instead

Inventory written down of 131 million also a bit weird. The commodity pricing is on uptrend from January to March yet they record inventory written down. The more you look in depth of report, the more it look creative accounting. Perhaps they want to press down the price then back back the 10% share that approved during agm

Really a creative accounting. Hibiscus is accounting to make profit look much better but hengyuan is opposite. Inventories increase 1.1 billion compared to last quarter and 2 times of last year same quarter. Typical China man company press down profit to avoid tax