you are saying 3iii

Posted by Kingchek Hong > Nov 7, 2017 10:45 AM | Report Abuse

Persons who keep changing their views on Hengyuan, opposing most of the times despite facts and figures presented by others who know, are people without principle in life. I would classify them as invertebrates.

ASB has been buying Petdag while selling HY and today petdag drop 0.86 cents while HY gain 0.59 cents, how stupid can ASB be, as raider said its a double loss

Yeah, congrats 3iii.... you are so smart

as long as yield is good, other fund manager will accumulate ASB stake, its only matter of time before all will be taken out

run before next qtr result, will drop further

I think funds are buying, theme chemical/refinery turnaround

Weavefinder, what are you saying? HRC skyrocket after QTR 3 results

TV at 8.40 and below already sold out, that why low volume, new TV now limited edition sold only at much higher price.

RM150 million Amanah raya stake will be taken out easily even before end Nov result out , dont underestimate the market

Conflict of Interest, he will make sure MAS loose money if he is chosen.

Result is already out , some know about it

https://www.google.com/amp/www.moneycontrol.com/news/business/stocks-business/reliance-industries-hits-record-high-up-5-increases-investors-wealth-by-rs-2-4-lakh-cr-2415711.html/amp

KLSE is among the worst, the rest of the world most are at their all-time high, NYSE, Nikkei, Kospi, ASX and a lot more, this country really going to the dogs

star has no future, going to report losses from now onwards, better to sell

just 5 more weeks to go for Q3, after that kadaboooooooooom, waiting patiently

http://www.reuters.com/article/us-global-markets/asian-shares-conquer-10-year-peak-commodities-ride-high-on-china-idUSKBN1CL022

Only in Malaysia market not performing, the rest of the world most are at their all time high, Japan, USA etc.

crack spread margin increased to USD10.03

http://www.cmegroup.com/trading/energy/refined-products/singapore-mogas-92-unleaded-platts-brent-crack-spread-swap-futures.html

EPF has been selling HRC from RM2.00 and completely disposed all their holding even before reaching RM5.00, Now HRC is RM8.40

http://www.thehindu.com/business/Industry/refining-petrochemicals-margins-lift-ril-profit-by-7/article19855812.ece

all on mc , cuti sakit

Its a sunset industry, get out while you can , will be worth only in cents going forward

Stockmanmy, 3iii, Beary taking turn at this tread , good

Why eps only 1 cents last quarter for lionind ?

next week up another 30 cents or more

http://m.yna.co.kr/mob2/en/contents_en.jsp?cid=AEN20170929003900320&site=0500000000&mobile

PetronM from top gainer become one of the top loser hahahahahahha

PetronM drop too, fund manager tactic to collect as much as possible

revalue land, NTA increase, share capital increase, profit increase during the period and HRC share price increase and that whats shareholders want.

hahahahhahahhahahaha

Its a joke loh...

in accounting , assets need to be reflected to its true value either up or down and hence the requirement for revaluation, this is applicable all over the world.

If land is revalued, the RM650 million goes to P&L just like inventory are valued in the quarterly report

the paper gain is yet to be reflected in the accounts like most company in Bursa

Per sq ft in PD for Industrial land is around RM40 TO RM60, if take RM50/6.69=7.5, revaluation gain on land itself is 6.5*101=RM656Million.

use your own brain to invest, me never dare counter like atta, jaks, sendai unless have concrete proof but I believe in HRC, dont blame others your losses idiots

Q3 eps I think between rm1.5 to rm1.7, my estimate

The ‘’Silver Age’’ For Refiners

By Nick Cunningham - Sep 28, 2017, 4:00 PM CDT
Refinery
Refining margins jumped after Hurricane Harvey, due to the sudden disruptions of a significant chunk of the world’s refining capacity. In fact, the outages highlight how tight global refining supply actually is—with limited spare capacity, there’s not much room for error.

The disruption of about a quarter of U.S. refining capacity led to a spike in the share prices for refiners unaffected by the Hurricane. Refining margins have soared and demand for gasoline has spiked, incentivizing refiners around the globe to ramp up operations to fill the void left over by the flooded refineries in Texas. The result has been a windfall for refiners not impacted by Harvey. For example, PBF Energy, a company with refining assets in the U.S. Northeast and Midwest, has seen its share price jump by more than 25 percent since the storm hit the Gulf Coast.

The outages will be temporary (although there are still several refineries operating below capacity in Texas), but they illustrate just how tight conditions are in the downstream sector.

While refineries can ramp operations up and down to meet market conditions, total nameplate capacity is pretty inflexible. It takes years and a lot of investment to bring a plant online, so the short-term supply response can only come from running existing plants at higher rates. The problem, though, is that refineries are already running at relatively elevated levels as it is.



According to BP’s head of refining economics, cited by Reuters, global refining is maxed out with capacity utilization at 85.5 percent. But utilization currently stands at about 83 percent, leaving almost no capacity on the sidelines that can increase to meet an immediate shortfall.

“The spare capacity is not really there,” Dario Scaffardi, general manager of Italian refiner Saras, told Reuters. “In as much as consumption worldwide is growing, refinery capacity is not long at all.”

Indeed, without the construction of new refineries, the problem will only grow worse over time because demand for refined products continues to expand. Crude oil demand is set to jump by 1.6 million barrels per day (mb/d) this year, according to the IEA, before rising by another 1.4 mb/d next year. But refining capacity will only increase by 700,000 to 800,000 bpd in 2018, according to Morgan Stanley. It will take years before more refineries come online to meet soaring demand.

“You’ve got a lot of refiners running at full tilt, and they’re going to make better margins,” Sandy Fielden, an energy analyst with Morningstar Inc., said in an interview with The Wall Street Journal. “Supply and demand is effectively telling the market that there’s a big incentive to produce more.”

The result will be, if not a Golden Age for refining, perhaps a “Silver Age,” Morgan Stanley recently declared. The investment bank said between now and the end of the decade, refining profits could be unusually high due to the stress on supply. Morgan Stanley forecasts that BP’s Refining Marker Margin, one of the more transparent proxy’s for refining industry profits, will rise from just over $12 per barrel in 2017 to $16 per barrel by the end of the decade.


On paper, there doesn’t appear to be a problem. Reuters cites data from FGE, an energy consultancy, which pegs global refining spare capacity at 14 mb/d, down from 18 mb/d a few years ago. That seems like a lot, but it’s a misleading figure. A large portion of that spare capacity is only theoretical—some plants, because of inadequate investment, can’t operate as high as their nameplate capacity suggests.

Related: US Shale, End Of OPEC Cuts Could Stifle Oil Prices In 2018

Reuters cites Venezuela, where years of underinvestment—coupled with the country’s economic crisis—mean that its refineries can only produce a fraction of what they once could. The same is true for refineries in Brazil, Mexico and Nigeria. “Are we going to assume Venezuelan refinery utilization rates will suddenly jump?” Energy Aspects said, according to Reuters. “Or are we going to rely on Nigeria’s dilapidated refineries to fill the gap? None of this capacity is available to the current market.”

Supply will be strained for the next few years, which means that a single outage anywhere could push up refining margins everywhere. Whether it’s a fire, malfunction, unusually high volume offline for maintenance, or, perhaps most significant, a hurricane along the Gulf Coast, global refining capacity could be tested in the years ahead. For the companies that manage to stay online, they could potentially reap huge profits.

By Nick Cunningham of Oilprice.com

The ‘’Silver Age’’ For Refiners

By Nick Cunningham - Sep 28, 2017, 4:00 PM CDT
Refinery
Refining margins jumped after Hurricane Harvey, due to the sudden disruptions of a significant chunk of the world’s refining capacity. In fact, the outages highlight how tight global refining supply actually is—with limited spare capacity, there’s not much room for error.

The disruption of about a quarter of U.S. refining capacity led to a spike in the share prices for refiners unaffected by the Hurricane. Refining margins have soared and demand for gasoline has spiked, incentivizing refiners around the globe to ramp up operations to fill the void left over by the flooded refineries in Texas. The result has been a windfall for refiners not impacted by Harvey. For example, PBF Energy, a company with refining assets in the U.S. Northeast and Midwest, has seen its share price jump by more than 25 percent since the storm hit the Gulf Coast.

The outages will be temporary (although there are still several refineries operating below capacity in Texas), but they illustrate just how tight conditions are in the downstream sector.

While refineries can ramp operations up and down to meet market conditions, total nameplate capacity is pretty inflexible. It takes years and a lot of investment to bring a plant online, so the short-term supply response can only come from running existing plants at higher rates. The problem, though, is that refineries are already running at relatively elevated levels as it is.

Related: Oil Analysts Baffled As Venezuela Ditches Petrodollar

According to BP’s head of refining economics, cited by Reuters, global refining is maxed out with capacity utilization at 85.5 percent. But utilization currently stands at about 83 percent, leaving almost no capacity on the sidelines that can increase to meet an immediate shortfall.

“The spare capacity is not really there,” Dario Scaffardi, general manager of Italian refiner Saras, told Reuters. “In as much as consumption worldwide is growing, refinery capacity is not long at all.”

Indeed, without the construction of new refineries, the problem will only grow worse over time because demand for refined products continues to expand. Crude oil demand is set to jump by 1.6 million barrels per day (mb/d) this year, according to the IEA, before rising by another 1.4 mb/d next year. But refining capacity will only increase by 700,000 to 800,000 bpd in 2018, according to Morgan Stanley. It will take years before more refineries come online to meet soaring demand.

“You’ve got a lot of refiners running at full tilt, and they’re going to make better margins,” Sandy Fielden, an energy analyst with Morningstar Inc., said in an interview with The Wall Street Journal. “Supply and demand is effectively telling the market that there’s a big incentive to produce more.”

The result will be, if not a Golden Age for refining, perhaps a “Silver Age,” Morgan Stanley recently declared. The investment bank said between now and the end of the decade, refining profits could be unusually high due to the stress on supply. Morgan Stanley forecasts that BP’s Refining Marker Margin, one of the more transparent proxy’s for refining industry profits, will rise from just over $12 per barrel in 2017 to $16 per barrel by the end of the decade.



(Click to enlarge)

On paper, there doesn’t appear to be a problem. Reuters cites data from FGE, an energy consultancy, which pegs global refining spare capacity at 14 mb/d, down from 18 mb/d a few years ago. That seems like a lot, but it’s a misleading figure. A large portion of that spare capacity is only theoretical—some plants, because of inadequate investment, can’t operate as high as their nameplate capacity suggests.

Related: US Shale, End Of OPEC Cuts Could Stifle Oil Prices In 2018

Reuters cites Venezuela, where years of underinvestment—coupled with the country’s economic crisis—mean that its refineries can only produce a fraction of what they once could. The same is true for refineries in Brazil, Mexico and Nigeria. “Are we going to assume Venezuelan refinery utilization rates will suddenly jump?” Energy Aspects said, according to Reuters. “Or are we going to rely on Nigeria’s dilapidated refineries to fill the gap? None of this capacity is available to the current market.”

Supply will be strained for the next few years, which means that a single outage anywhere could push up refining margins everywhere. Whether it’s a fire, malfunction, unusually high volume offline for maintenance, or, perhaps most significant, a hurricane along the Gulf Coast, global refining capacity could be tested in the years ahead. For the companies that manage to stay online, they could potentially reap huge profits.

By Nick Cunningham of Oilprice.com

http://oilprice.com/Energy/Oil-Prices/The-Silver-Age-For-Refiners.html

High crack spread to stay for few years

http://oilprice.com/Energy/Oil-Prices/The-Silver-Age-For-Refiners.html

Property is almost dead, too many unsold units and agents keep sending messages even if not interested.

Good time ahead, Jupiterang is CKC

Going to incur losses going forward just like utusan and better to dispose off. accouts i think is manupulated to hide losses incured ytd

Yaloooo, why display banner at sendai ?

Thomashan, CG @ 28 cents is 18 cents above the conversion value at today price @RM8.00 (8-7)/10

all this C's already at a premium, buy mother is better

added some at 8.00 & 8.01