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2018-01-17 15:59 | Report Abuse
Hibiscus best Malaysian-listed proxy to rising oil prices, says AllianceDBS Research
TheEdgeWed, Jan 17, 2018 - 1 hour ago
KUALA LUMPUR (Jan 17): AllianceDBS Research has rated Hibiscus Petroleum Bhd a “Buy’ with a target price of RM1.45 and said the company is the best Malaysian-listed proxy to rising oil prices.
In an oil and gas industry focus today, the research house said Hibiscus’ completion of the acquisition of Anasuria Cluster in March 2016 had led a turnaround from a core net loss of RM145 million in FY16 (FYE June) to a core net profit of RM29 million in FY17.
It said the impending completion of the acquisition of North Sabah Enhanced Oil Recovery PSC, estimated by end 1QCY18, will more than double its earnings in FY19.
“Recent enhancement works on Anasuria Cluster and oil price rebound are further icings on the cake, which gives strong support to our core EPS (fully diluted) CAGR of 29% from FY17-20F,” the research house said.
At noon break, Hibiscus fell 4.46% or 5 sen to RM1.07 with 18.64 million shares traded, in line with the bearish broader market.
2018-01-16 09:25 | Report Abuse
someone is taking care ... sure naik punya
2018-01-12 16:28 | Report Abuse
so next tp 0.65 .. let everbody marching to 0.65
2018-01-10 16:45 | Report Abuse
HUAAN ...expected to tread higher today and should continue to break 0.60 this week. My 0.80 TP should be realised sooner than i expected probably by month end.
2018-01-10 12:02 | Report Abuse
60s today make it happen ....yehhhaaa
2018-01-08 10:13 | Report Abuse
scomnet,, klci 1822 ko masih takut mau naik ka?
2018-01-08 09:41 | Report Abuse
sad too ..scomnet wat happen to u
2018-01-04 11:14 | Report Abuse
wiil up at afternoon session
2017-12-28 12:09 | Report Abuse
ada ... kasi supoort pasti meletop hari ni
2017-12-27 11:49 | Report Abuse
apo konoi dgn keyasic .. huaan meroket ...lu masih gigit jari
2017-12-27 09:24 | Report Abuse
time for u to go up la ...no more holiday .. cristmas gone already
2017-12-26 12:22 | Report Abuse
it good to buy bcz near to support 220
2017-12-22 14:49 | Report Abuse
dont worry ...coming tuesday will up again ..
Stock: [TECHNAX]: TECHNA-X BERHAD
2018-01-19 16:13 | Report Abuse
look at volume i think rebound is really ..