My Trading Adventure

Stock Watch : HSL

CP TEH
Publish date: Sun, 11 Dec 2016, 08:40 PM
CP TEH
0 2,918
All the writings in this weblog are mainly for PLEASURE reading purposes. I am in NO position to recommend a call(BUY/SELL). Please check with those know-hows before you make a decision. Yes, I am just a learner, with only five years experiences in KLSE. So, please BEAR with me.
Following Message

HSL at strong support RM1.60 ... will you buy? Yes ...why? No ... why?

From the chart, each time when it hits around RM1.60, chances are it will rebound. BUY RM1.60, sell around RM1.76 for 16cents = 10%. Worth it?

cut-loss if it breaks the support, of coz.

TEH
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Discussions
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John Lu

Cp teh, dont everyday cut lose or sell...buy hibiscus


John Lu
481 posts
Posted by John Lu > Dec 12, 2016 10:50 PM | Report Abuse X

10 reason buy Hibiscus
1) Opec and non Opec agreed to cut oil production (6 mths)
2) After 6 month, I believe they will cut more
3) Hisbiscus 3000 bpd now
4) Target 10000 bpd
5) Hibiscus cost at below 19
6) Management target to reduce the cost to below 15 pb
7) Oil price now 54 pb
8) Company continue 2Q profit
9) Free debt company
10) Last tranches pp at 29c

BUY! Tp 2.50 (2 years)

2016-12-12 23:24

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