Diverging fortunes of Hengyuan and Petron Malaysia
Photo: New Straits Times
KUALA LUMPUR: Two Port Dickson-based refiners are seeing sharply diverging fortunes on Bursa Malaysia, with Hengyuan Refining Co Bhd outperforming Petron Malaysia Refining Marketing Bhd as investors weigh their ability to benefit from elevated refining margins.
From the original report
Hengyuan's shares have surged more than fourfold this year, with the refiner emerging as a major outperformer amid heightened US-Iran tensions.
The stock has jumped 353 per cent to RM3.49 from 77 sen on Jan 2 so far this year. From end of February, when the US-Iran conflict began, Hengyuan's share price has rallied by more than 250 per cent.
…
This is a brief of a report by another newsroom. The excerpt below is from the original.
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New Straits Times
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About this story
- Source
- New Straits Times
- Originally published
- Sep 15, 2026
- Updated here
- Sep 16, 2026
- Produced by
- Malaysia Times desk (brief) — reporting by the source
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