Dec 14 2017, 06:06 PM
QUOTE(cherroy @ Dec 14 2017, 03:35 PM)
Actually, it is more easier to buy when uptrend.
Never buy a downtrend stock especially for trading purpose.
You got good chance to make a profit in a uptrend stock.
Chase high also never mind, as long as can sell higher, profit.
Today buy, next few days already profit.
Down trend stock, today buy, tomorrow plunge further, stuck like a crab already.
Above only applied for trading purpose.
While, long term investing is another story though.
Anyway, my view,
HY price should be more than Petron, as its earning and cashflow is more better than Petron.
But HY risk is about next year upgrading shutdown, and potential delay in introducing Euro4.
So I expect more run up until next year 1Q to 2Q. May be good to profit taking around that time.
Ps: vested interest in this stock, so potential bias view.
Always interesting to hear your opinion on Hengyuan.Never buy a downtrend stock especially for trading purpose.
You got good chance to make a profit in a uptrend stock.
Chase high also never mind, as long as can sell higher, profit.
Today buy, next few days already profit.
Down trend stock, today buy, tomorrow plunge further, stuck like a crab already.
Above only applied for trading purpose.
While, long term investing is another story though.
Anyway, my view,
HY price should be more than Petron, as its earning and cashflow is more better than Petron.
But HY risk is about next year upgrading shutdown, and potential delay in introducing Euro4.
So I expect more run up until next year 1Q to 2Q. May be good to profit taking around that time.
Ps: vested interest in this stock, so potential bias view.
I think fundamentally, Petron should have a higher PE since its retail component sort of dampens the cyclic and somewhat volatile nature in the refinery business. But now that you mentioned it, on Hengyuan, despite its (already high) price, it still have potential to grow? Since its still trading in a significantly lower PE than Petron. Anyway, i assume you're holding on HRC, do you mind to share your price target?
On a second note, just purely for discussing. Have you got a chance to look at Serba Dinamik? I think looking at mid-term, it has strong earning visibility with many projects at hand. Fundamentally, still trading at a somewhat modest PE, maybe because it has not been able to show a consistent record of profits and growth.
I think, looking at the larger picture, the current oil price sort of benefit Serba Dinamik - O & M business. Since the current oil price does not encourage further exploration and development of new fields - operators tend to squeeze more out of their mature fields - which in turn tend to require more maintenance and workaround - fits nicely for Serba.
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