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,Q3 results will be very good as crack spread is manageable. Lots of refineries out of action due to Mid East War plus Hurricanes. Those with limited Capital can consider Call Wrts ,62 as it is the best with low Exercise Price, Low Conversion Ratio, and still few mths to Expiry. You only need small amt to reap benefit of higher price as it moves to Rm 5 and beyond.
In Q2 the average crack spread for HY was Us$23. Q3 should be around Usd 40. But what we don't know is how the high transport cost affect the crack spread. But making Rm600m shud not be a problem.
