Highlights of the first quarter performance were as follows: Consolidated Sales Volume was up by 11% to 28.59 million barrels (MMB) versus 25.67 MMB in the same period last year. Except for exports, all Sales Trade posted improvements from the growing fuel demand. Commercial sales grew owing to the rebound in the aviation sector as more countries lifted their COVID-19 quarantine protocols. Retail sales also continued its recovery resulting from the increased mobility in both Philippines and Malaysia Net Sales rose by 10% to P= 188.75 billion primarily from the growth in sales volume. Meanwhile, the effect of lower benchmark Dubai average from USD95.56/bbl in 1Q 2022 to USD80.32/bbl this year was partially offset by the depreciation of the peso against US dollar from P= 51.54/USD to P= 54.84/USD. Similarly, Cost of Goods Sold increased by 10% to P= 176.72 billion from higher sales volume. While commodity prices softened this year, the strong regional refining cracks were sustained improving gross profit by P316 million to P= 12.04 billion from =P 11.72 billion last year Selling and Administrative Expenses was 10% higher at P= 4.01 billion as against P3.64 billion in the 1Q last year due to the increase in maintenance and repairs at the service stations, terminals, and IT-related assets and LPG cylinder purchases. Other Operating Income increased to P= 394 million from P= 351 million attributed to higher rental income
Petron is making 100m profits Hengyuan lei? Loss again? Or make 200m profits? Whole market awaiting red red report Later profit 50m with no more derivatives loss Limit up hahaha
The 2023 Atlantic hurricane season is the current hurricane season in the Atlantic Ocean. It officially begins on June 1, 2023, and ends on November 30, 2023. These dates, adopted by convention, historically describe the period in each year when most tropical cyclogenesis occurs in the Atlantic (over 97%)
Pre-season forecasts
On December 6, 2022, TSR released the first early prediction for the 2023 Atlantic season, predicting a slightly below average year with 13 named storms, 6 hurricanes, and 3 major hurricanes.[5] Their updated prediction on April 6, 2023, called for a similar number of hurricanes and major hurricanes, but reduced the number of named storms by one.[6] The following day, the University of Arizona (UA) posted their forecast for a very busy season featuring 19 named storms, 9 hurricanes, 5 major hurricanes, and an ACE index of 163 units.[7] On April 13, CSU researchers released their prediction of 13 named storms, 6 hurricanes, 2 major hurricanes, and an ACE index of 100 units.[13] Also on April 13, TWC posted their forecast for 2023, calling for 15 named storms, 7 hurricanes, and 3 major hurricanes.[9] On May 1, PSU released their forecast for 12–20 named storms.[11] While most organizations expressed growing confidence in the development of an El Niño, which typically suppresses Atlantic hurricane activity, TWC, UA, PSU and CSU noted that well above average ocean temperatures in the Atlantic basin could yield greater activity, particularly if a weaker El Niño event materializes
Coming report, eye on derivatives yah If the deriviatives loss had turn around lei meaning forwards, hengheng will start enjoying derivatives gains loh
After petron results out , petron will move to 5 Hengheng will follow a bit and if hengheng result is good good one Hengheng fly back to 4.2-4.6
If tapis price keep at this low level lah than in Year end , petron and hengheng maybe back to 6 -7 loh
Hehe , above is my sifu sifu say one at dinner yah not me yah Kebling lose many money in hengheng last year. Waiting to buy back hengheng to take my money back lah
Cauca panas Need money pay TNB bills lah
Already bought petron / Hengyuan high risk high gain
We have verified your registration for remote participation against the General Meeting Record of Depositors (“ROD”).
We wish to inform that you are accepted to engage in the remote participation at the meeting.
Please follow the procedures for remote participation as set out below:-
1) Login Website: https://tiih.online with your user ID and password from 9.00 a.m. on Wednesday, 24 May 2023.
2) Participate through Live Streaming Select corporate event: “(LIVE STREAM MEETING) HENGYUAN 64TH AGM” to engage in the proceeding of the meeting remotely. If you have any question for the Chairman/Board of Directors, you may use the query box to transmit your question. The Chairman/Board of Directors will endeavor to respond to your questions. If there is time constraint, the response will be e-mailed to you at the earliest possible time after the meeting.
3) Online Remote Voting Select corporate event: “(REMOTE VOTING) HENGYUAN 64TH AGM” or if you are on the live stream meeting page, you can select "GO TO REMOTE VOTING PAGE" button below the query box and proceed with the steps stated therein to submit your votes.
Please refer to the Administrative Guide/Note which is posed in our TIIH Online for more details on the remote participation.
Please follow the live stream HRC AGM tomorrow to know what the BOD and Management have to say about my above questions.
Note: I cannot follow the live streaming bevause I am in Medan and telecom Indonesia do not allow assess to foreign live streaming. I can only do remote voting.
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My HRC AGM vote: No. Resolution(s) For Against Abstain 1 RESOLUTION 1: Against 2 RESOLUTION 2: For 3 RESOLUTION 3: For 4 RESOLUTION 4: For 5 RESOLUTION 5: Against 6 RESOLUTION 6: For 7 RESOLUTION 7: For 8 RESOLUTION 8: Against This is computer-generated document by TIIH Online. No signature is required. Date : 24 May 2023 , 10:05 AM
Sslee, no feedbacks from your whistleblowing queries...........so sad!!.......best and responsible shareholder and no hew you?? Took the troubles to do so much homework, gone to waste??
Dear Haniza Abdul Hamid IR Contact: HRCPD-Corporate-Affairs@hrc.com.my
I tried to follow yesterday's HRC 64th AGM (LIVE STREAM MEETING) from my Indonesia workplace but facing technical problems: “Firefox detected a potential security threat and did not continue to vimeo.com because this website requires a secure connection. What can you do about it? vimeo.com has a security policy called HTTP Strict Transport Security (HSTS), which means that Firefox can only connect to it securely. You can’t add an exception to visit this site”
I quote your previous email, “Please also be advised that the Board/Company will endeavour to answer the questions submitted through the TIIH Online Website at the AGM. If there is time constraints, the responses will be e-mailed to shareholders within fourteen (14) days after the AGM date.”
Will HRC kindly email to me a copy of BOD/Management answers to my AGM questions within (14) days after the AGM?
Hengyuan will make hundred millions/ quarter from second quarter 2023 to third quarter 2024 loh Provided crack margin keep below 12 lah
Sound weird lei. I not understand too I thought margin up up is good.
But sifu cowboys is expert in valero loh. He estimates Hengyuan will made 900millions in 2023. Right or not kebling tak tahu yah. Do your own research yah.
If take out 490m derivatives liabilities that occurred 2Q last year hengyuan dapat gross profit 440millions
this quarter is excellent lah! Gross profit this quarter actually is 440 millions lah Haiyoh
Moving forwards Hengyuan will enjoy derivatives hedging gains
Due to hedging strategies Hengyuan ni different to others refinery stock loh This year others refinery hard to make profits loh 2023-2024 sep is hengyuan harvest time They hedge from 9.5-36 loh Refining margin very thin nowadays lah Hedging contracts turn hundred millions soon lah
For April -May 2023 Global refining margins is about usd 4 by average loh Others refinery going to loss in 2Q loh
But since hengyuan hedge at 24-36 in 2Q last year Hengyuan will gains 1100 millions for the hedging done in 2Q. And 270millions for others quarter Estimate only yah
Hengyuan is difference to others refinery lah Because hengyuan is the only one crazy in hedging activity lah That’s is why hengyuan loss so much last year when others is making’s money lah
Once was trading around RM 7.xx. Already 50% became ash! Still have hope in this Chinese company? Most of the Chinese companies registered are penny stocks now. Real Hustlers!
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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....
Jerichomy
4,346 posts
Posted by Jerichomy > 2023-05-18 19:33 |
Post removed.Why?