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This 3rd quarter PetronM will break even or even report a loss. Although crack spread margins is at record level but PetronM not able to capitalize on it cause of its jetty collapsed issue. You will see this company gathering momentum comes 2027. Trading will be sideways until year end. Hengyuan is a different story which can go above 10rm with it's FY2026 Eps of 4rm
If can make 6 billion, share price will be more than 100rm. hahaha. Hengyuan profit is not solely based on oil price up or down. Most of it's profit comes from the crack margins of currently 4x more than normal due to the war and limitation of refinery worldwide. Pure economics if demand is more than what is being produced then prices will shoot up. So now at this current price is still very cheap with expectation of another stellar profit for 3rd quarter. Many funds manager today buying.