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Latest news:
1) Israel said they will keep bombing Iran for at least 3 weeks.
2) Straits of Hormuz may be passed if transaction with Chinese Yuan but so far no one dares to try yet. The last saying was also a lie when Bangkok tanker was grounded.
3) No countries dare to support Trump to safeguard the Straits
As of today, the oil disruption is still exists and Israel- Iran-US keeps attacking each other.
Calculated PE for year is 64 and even year 2025 has 18% profit increase but the PE is still around 54. Extremely high to see it coming when listed and it is even much higher than IHH. Some more its war time in the Middle East with poorer economic forecast… Abit susah
I switched from Hibiscus to Hengyuan this time cause the percentage is always higher here. 400mil oil barrels confirmed to release. Sources say it could last for 20 days but i think the release wouldn’t help much.
