500 million share with RM1 price

if company offer 500 million more, the price will become RM0.50

Your call bro. But I am just a bit concerned that right now REV has sold off all its business.

FYI, the Valuation is 2.10/3.00 whilst the Fundamental is 2.15/3.00.

Hi, I subscribed to Absolutely Stocks and that is where I got the info. It is a paid subscription. The higher the valuation and fundamental score, the better the stock.

Of course it is not risk proof. A good e.g. is Thong Guan. It has all the right scores but the stock price cannot move.

Sold off LCTitan today. Cut loss at about -2%.
Sold off Cocoaland today. Locked in profit at about 9.5%.

Short term, its fundamental is rosy, due to very good crack spread or refining margin.

But it needs to undergo major upgrade on their refining operation to meet Euro 4 spec in 2018 and a more distant future Euro 5, aka needs some major capex and potential downtime due to upgrading works, which may affect its future profitability level.

Currently no major capex, little depreciation, good profit figure.

After major capex, more depreciation may drag down the profitability, if profit margin is still the same.

There is a reason why refining company stocks are trading at single digit of PE across the globe, as it is capital intensive hence it may affect potential generous dividend prospect for minority shareholders as well as profit margin is always in cyclical in nature.

Refining margin is always exposed to crude oil movement, which we know crude oil is never a stable commodity.
Gasoline price is affected by demand and supply of between refiners and consumer vehicle.
Crude oil price is affected by demand of supply of oil producing countries and refiners.

For the last 1-2 years, there is oversupply of crude oil, hence refiners can buy cheap crude oil, while consumer demand of gasoline still the same, resulted refiners can earn good profit (good crack spread).

Summarise,
Short term up to next year major capex, fundamental is indeed very good, that's why its price shoot up a lot.

Long term, up to anyone guess.
Refining business or profitability is always cyclical, up and down never in a stable line one.

It has to do with deferred taxation due to previous year of massive loss.

The major issue of HY is that its needs major capex for Euro 4M upgrade and needs to do within next year due to regulatory requirement in 2018, which means  potential downtime in near future.
The downtime may affect its financial result.

It depends on the coming Q result, which should be quite good, around 5~8x PE should be a fair for its stock price.
You can check other global refiners, data should be easily available in CNBC or Bloomberg.

Generally, refiners need to do major overhaul for every 3-4 years, whereby you see their profit figure plunge during that period/Q result/financial year due to downtime.

Wah, you dug up my post from 3 months ago to reply? 

IMHO, the minority shareholders such as the forumers here need to help each other. The big sharks are out there, from the majority shareholders, the directors doing insider trading, the syndicates practising pump and dump, the management of listed companies working hand in hand with analysts to write glowing reviews about their companies, etc.

I have dealt with the management of some listed companies before. I will not touch the shares of those companies with a 20 feet pole. Sadly, based on my experience, the corporate governance in Malaysia  for some listed companies leaves much to be desired.

Sorry, no time to read Airasia’s latest QR in detail but I thought the results are acceptable? Increase in operating expenses has anything to do with the news below?

“AirAsia said the group's total net operating profits fell by 8% on-year to RM374.2mil mainly due to one-off items which were the depreciation on engine overhaul costs in IAA’s books of RM23.9mil; increase in maintenance activities and costs of PAA by approximately RM31mil million as a result of the depreciation of PHP and aircraft re-delivery. There was a net gain on disposal of aircraft recorded in 3Q16 of RM35.2mil.”

The above extract is taken from the Staronline today.

The share price of AirAsia went down these few days partly I think because Bali Airport is closed because of Mount Agung.

Air Asia has hedged most of its fuel prices for the year 2017. AirAsia earns in local currencies so it should benefit from a stronger ringgit; I stand corrected by the sifus here.

The good high EPS or specifically net EPS (market only concern about net EPS as it is the net amount shareholders can get) is due to

1. Higher than usual crack spread due to Hurricane in US that resulted many refiners offline and sent crack spread rocketing in the Q.

2. There is a portion is contributed by forex gain.

3. There is no tax incurred, due to previous year of massive loss. Once those loss is "absorbed" and being utilised, it needs to pay tax again.

Having said that, crack spread still maintains at reasonable high level, which it should able to register good EPS number for near term although may not as high as 120 cents, probably in the region of 60~90 cents. <-- my guess only

Share price may continue to creep forward due to the good number.

Risk
a) In the report, the company did mention potential narrowing refining margin ahead, may be due to crack spread futures market indicator

b) Potential delay in the Euro4 upgrading, and potential turnaround (offline) for 2 and 1/2 months in 2018, so it may cause a Q result in a significant red number in 2018.

Entered AnnJoo just now.

We will know when the QR is released tomorrow whether I made the right choice.