Stick to Petron our reliable corp governance that is willing to share with minority shareholders unlike Hengyuan mah!
Sifu Sslee,
Lu tau boh ?? Hengyuan already writedown its Russia Oil to USD 7 from USD 80 mah! Thats why there is a writedown losses of more than Rm 130m loh!
Since the cost of Russian Oil to Hengyuan is USD 7m whereas the mkt price is USD 80....hengyuan can sell to its china parent at USD 7m at no losses loh!
This how cash can siphon from Hengyuan, quietly mah!
"For every RM1 of fuel subsidy, 53 cents go to the T20, while 15 cents benefit the B40. So, for example if the subsidy bill this year is expected to top RM30 billion, over RM15 billion is subsidy to the T20" said Tengku Zafrul.
@ stockraider, what u see in govt fuel subsidy (ard 30 billion) other than helping d rakyat but indierctly gives huge benefits to PetDag, Hengyuan n Petronm?
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....
investor2021trading
999 posts
Posted by investor2021trading > 2022-06-05 10:03 | Report Abuse
jet fuel has been on d uptrend from USD 2.1/gallon in Dec.'21 to USD 3.91/gallon in April '22.