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HENGYUAN REFINING COMPANY BERHAD (HENGYUAN - 4324) will be reporting it's quarterly report in a few days time.
With the rising crack spread margin in the overall industry, it will be safe to say that oil refinery company should be making a profit from their services as the margin enable them for a profit.
Above is the Singapore MOGAS 92 UNLEADED BRENT CRACK SPREAD FUTURES.
The crack spread trading almost to an all time high. The margin is sufficient enough for the company to report very high profit.
As you can see from past historical record, the current price can be considered at the high zone which can delivery promising profit to refinery company.
While every refinery company have their own fixed cost and overhead, HENGYUAN did delivery some stunning record profit back then which had sent the share price over to more than RM 20 per share.
As HENGYUAN price chart movement had finally broken away from the long term downtrend, the current uptrend in 2022 had just started, backed with high crack spread margin for the share to appreciate more when the company delivery the profit.
I do not possess any insider information on HENGYUAN coming quarter report. I got no idea if HENGYUAN can be reporting a big profit, or a big loss again. Technically speaking, it should be able to give a report back to the black. As a normal retail investor, I am still holding this share as prospect of the refinery margin improves.
Above is the Singapore MOGAS 92 UNLEADED BRENT CRACK SPREAD FUTURES.
IMPORTANT NOTICE
Please be informed that I am not a professional or certified analyst. I am not a licensed consultant, just a normal retail investor. I am just sharing my ideas and opinion on the market outlook. Any company mentioned should not be interpreted as a buy/sell/trade call. Please do your own research and buy/sell/trade at your own risk.
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