Koon Yew Yin's Blog

Hibiscus price is up-trend - Koon Yew Yin

Koon Yew Yin
Publish date: Thu, 01 Sep 2022, 05:58 PM
Koon Yew Yin
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An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.

All materials published here are prepared by Mr. Koon Yew Yin
Following Message

Below are 2 Hibiscus price charts to show that despite its 5 sen drop this morning, it is still moving up trend.

The first chart is the 3 months price chart.

The second chart is the 20 day and 50 day moving average price chart.

The blue line is the 50 day moving average and the red line is the 20 day moving average. The blue line crossed the red line on 11 August when the share price was trading at 83 sen.

All expert chartists can tell you that when the blue line crosses the red line it means that it is moving up trend.


Hibiscus reported record profit on 24 August.

Hibiscus Petroleum Financial Year 2022 Results Fueled by Contribution from Recently Acquired Assets and High Oil Prices

  • Full year EBITDA increases nearly three times to RM1.1 billion as compared to FY2021 
  • Almost six-fold increase in full year PAT of RM613.1 million as compared to FY2021
  • Target met for FY2022 with total sales of 4.6 MMboe of oil, condensate and gas
  • Sales target of approximately 7.2 to 7.5 MMboe of oil, condensate and gas for FY2023

All investors should note that Hibiscus share price is moving up-trend. Moreover, it has excellent profit growth prospect.

My sole intention for writing this piece for your information. Whether you buy or sell does not matter because the average daily traded volume is tens of million shares.


HIBISCS (5199)
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Discussions
Be the first to like this. Showing 5 of 5 comments

emsvsi

Dear Koon,

Does this mean you are selling Hibiscus

2022-09-02 17:49

Tobby

Yesterday said hopeless stock, today say on the uptrend! Next day say Hibiscus is an erotic stock! Remind me of the old senile five foot fortune teller foretold my future in 5 different version within 30 minutes! Well, at least out of 5, he got 1 correct!

2022-09-02 22:27

ben0303

Copycat of Tun Mahathir

2022-09-02 23:06

DestinyL

Sell call, run!!!

2022-09-03 22:13

abcb

MMSV (0113) had met the uncle KYY golden rule share selection criteria which the stock must have reported increasing profit for 2 quarters and it is selling at projected PE below 15

2022-09-08 14:51

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