Hengyuan is not issue only, its tai zi tuah tiaw oh !!!! No hurry to buy petron now, its going to be dragged down again by HY !! If jaks also sell down, dont buy hy n petron first..wait after cny .....
1. How is the 14B fund is used, any detail announcement from the company yet ? what happen if only part of it is used for refinery , the rest is used for retailing ,petrochemical and other, then your calculation and comparison are wrong.
2. This sentence is very misleading. Futureeye: "....Perhaps, the above may also answer what could be the fair valuation of Hengyuan, RM 14 Billion?"
why ?
if all the 14B is dump into refinery, then how do you know Petronm 14B new plant has the same efficiency as Hengyuan which costs less than 2B, any data to support you claim . do not tell me the chinaman can do magic
3. The article indirectly implies that Hengyuan is a better buy than Petronm .
This is not right .
Hengyuan has only refinery , no land , no petrol stattion , no petrochemical Petronm has refinery, 560 petrol stations, petrol chemical and land asset
no value investor will think a high risk business like hengyuan where its earning rely heavily on crack spread and God so that there is less maintenance plant shut down and mishap ,is better than a well integrated business like Petronm
4. management efficiency Petronm management has already proven its ability to reward the shareholders with handsome dividend , to bring the company to net cash status with zero borrowing from the billion borrowing at the time of acquisition and now a mega expansion plan to upgrade the company to the next level growth
what about hengyuan? nothing, current huge borrowing of 1.3B + a new borrowing of 1.7B for upgrading any dividend ? nothing ! but EPS RM3.6 what about Petronm? paid 22 cents dividend with the EPS less than 1.60
Hy basically got NO foreign funds other than china owner. Its a very speculative counter which control by few big speculative individuals, most of them using margin, very lightly few of them might run on monday......if old fox also run then hy might free fall again on monday !!! Its all depend on jaks, if jak falls, he got to dump hy again to rescue jaks !!!!
Petronm is a good stock to invest, chosen based on you own stock pick criteria no such thing as cut loss Do nothing to your portfolio while others are running on hot plate is always a right move. Your portfolio are your best picks that satisfy your stocks pick criteria, so there is no reason to panic while others panic Why they are panic? 1. They are using margin to trade, they got no choice but to cut loss 2. Sell and buy back later. This is TA not FA play, ask yourself honestly, how many of you buy back later. Many a time end up into an even worse stock or come back with an even higher price. This is a poor man mentally. Behave like a poor man you can't get rich. What is best to do then? Just watch do nothing now, buy more at a cheaper price, then you have a lower tp to realise your gain. I gained more than 50% last year with a tp of 30%. I also made more than 90% gain in hengyuan last year with a tp of 20%.. I am not telling you I am pandai, I am just sharing with you a strategy that had helped me earned more than I want to.
Now still early of the year 2018 Why worry you can't make more than you want for 2018 Aim to gain your pocket money for 2019 before you aim high for 2018, when there is money in your pocket to live the way you want to live for 2018, then running on hot plate is other people game not your game. So, the key word is DO NOT BE Greedy, you can never make enough but you should know enough
I have just bought a small piece of land to plant some fruits, there are mustang King, red prawn and black thorn. Can't make big money with this project. So just hope to share my success and joys with my friends who come to visit me
I am waiting to collect at 11 to bring down my cost to 12. Next entry is 10 to make it 11. That is good enough. No more buy because the quota for 2018 is full. Plan well and follow your plan strictly. If win then eat 2 bowls of rice, if lose, then eat 1 bowl. Do not feel frustrated when you lose. You have already won so many times, lose a few time is fair enough and reasonable. A person can't grow smarter and more successful if he has not fail before
oldeagle and pitbull, You are most welcome to my farm I can't serve you durian from my farm. Durian not planted yet But I can buy durian from other people farm to serve you
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
oldeagle
39 posts
Posted by oldeagle > 2018-01-29 22:25 | Report Abuse
Sold most of my Public Bank and Maybank, switching to Petronm with right timing