Posted by Johnzhang > 2022-04-29 13:25 | Report Abuse

I concur his view

Posted by gladiator > 2022-04-29 13:27 | Report Abuse

Hengyuan best recovery stock.

Posted by Johnzhang > 2022-04-29 13:46 | Report Abuse

Valueguru, could you tell us the relative potential between HY and PetronM. If I am not wrong both have about the same refining capacity. I am in both counters

Posted by pang72 > 2022-04-29 14:23 | Report Abuse

Good sharing for latest important fa t and figures

Posted by probability > 2022-04-29 16:02 | Report Abuse

https://www.theedgemarkets.com/article/bursa-energy-index-rises-most-led-refiners-rally-line-crack-spread-spike

Reuters also reported that profit margins for complex refiners in Singapore — the bellwether for Asian refiners — had tipped over US$20 a barrel on Wednesday while crack spreads for gasoline, diesel and jet fuel had set fresh record highs of US$22.28, US$47.53 and US$37.38 per barrel respectively on Thursday, as transportation returns to form amid easing of pandemic containment measures across the globe.

Earlier this month on April 4, rating agency Moody’s Investors Service had also said Asian refining margins will remain buoyant in 2022 as easing movement restrictions boost demand for transportation fuels, while uptake for Asian fuels from Europe has increased due to international sanctions on Russia.

It noted that at the same time, supply has fallen due to significant refinery closures last year, coupled with decreased fuel exports from China.

Strong demand for transportation fuels amid a supply shortfall would drive refining margins even as a recent surge in crude prices bolsters feedstock costs, Moody’s added.

Posted by Tobby > 2022-04-29 16:03 | Report Abuse

Absolutely very true! Valueguru is spot on!

Posted by Mr NoNeedToStudy > 2022-05-02 13:44 | Report Abuse

Too late. Hy value around rm6 - rm7. Buying high dont cry when lost later lol

Posted by Tobby > 2022-05-02 14:10 | Report Abuse

Of course it's just beginning! Probably going RM10!

Posted by soon2795 > 2022-05-05 10:58 | Report Abuse

Hi, Valueguru. I am a newbie here. I would like to ask whether is O&G share price affected by Brent crude oil price or gasoline crack spread price? This is because few weeks back there are news that Brent crude oil drop. People panic sell because it is thought that it will adversely affect O&G shares.

Then not too long back, Warren Buffet bought O&G shares. I follow him by buying a bit of Hibiscus share as the Brent crude oil sentiment is still there.

Hope you can enlighten newbie like me on this.

Posted by speakup > 2022-05-05 14:25 | Report Abuse

look like a lot ppl sell plantations swap to oil & gas like Hengyuan & Petron