IT IS THE TIME FOR HENGYUAN TO DRIVE A NOTCH HIGHER WITH RISING CRACK SPREAD
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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.
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.
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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