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2018-12-08 21:40 | Report Abuse
I hope the profit he made in 2015 still can cover for this big loss.
This big loss can be avoided if he is not so arrogant to listen to his advisers.
There are advisers told him not to touch Jaks, he refused to listen and insisted to proceed.
The profit made from Power plant construction is not real profit, it is just paper profit used to payback investment in Power plant.
No physical cash taken out from this construction work.
Want to buy Jaks, wait until power plant is completed.
Are you sure power plant can be completed in time ?
Jaks is famous for not complete work in time in all Malaysian projects.
2018-12-04 16:28 | Report Abuse
Need Brent crude oil price up to support share price of Hibiscus.
Close above 1.10 then 1.19 is within reach now.
Up !! Up !!
2018-12-03 22:25 | Report Abuse
Do not take it seriously, just opinion only to stir up poor market sentiment.
True, KLSE is still very bearish.
2018-12-03 22:15 | Report Abuse
Agreed.
Presently is bearish.
It is bullish after today.
Wait and see for yourself.
2018-12-03 22:14 | Report Abuse
Sell your house and use margin account to load in KLSE if you believe it.
2018-12-03 22:04 | Report Abuse
Donovan looked at share price based on 10 years cycle.
You want to say he is wrong, you can comment it and watch the result in 10 years.
In actual fact, I also doubt him because I think he is too bullish.
There are many instances, he is right.
He said China stock market is bottoming up, true or not ?
Wait for the answer.
2018-12-03 21:58 | Report Abuse
Donovan bought Hibiscus at 0.20, 400% profit in a year only. You have to trust his special skill.
You may not agree with him, please do not doubt his capability.
2018-12-03 21:36 | Report Abuse
According to Donovan, KLSE is a super bull market.
FBMKLCI will touch 6,000 points. 300% gain in this super bull cycle.
Donovan bought Hibiscus at 0.20, 400% profit in a year only. You have to trust his special skill.
I hope his prediction in FBMKLCI is a true and correct one, everyone invested in KLSE make a lot of money like 1993.
2018-12-03 21:17 | Report Abuse
The worst part of Jaks is that all local projects mostly lost money.
I checked the financial reports, I cannot remember any local construction project Jaks had made money.
2018-12-03 21:03 | Report Abuse
Posted by Up_down > Dec 3, 2018 08:47 PM | Report Abuse
Finally, Uncle has realized potential disaster of a construction firm. The management team and PAC are cunning enough squeezing him and minority out of the game. Never ever place too must trust on construction firm. They can do a lot funny things easily for their own pocket due to vulnerable nature of the business.
You are right and very smart too.
His advisers had informed him about this cunning management team. KYY did not take the words seriously.
The worst part is KYY pushed up the share and let this group to take profit.
Issued out private placement to buy cheap and sell in the market to make big profit. Very good deal.
Either way KYY is a loser all the times.
He had been cheated all the times, because of his ego, he did not sell Jaks.
Very wrong decision in the first place, should not touch this stock if he had listened to his advisers, not one, I was told 3 of them.
2018-12-03 15:03 | Report Abuse
Closed at 1.10, all noise will disappear.
Crude oil price must support this increase in price in order to be effective.
2018-12-02 00:25 |
Post removed.Why?
2018-12-02 00:18 |
Post removed.Why?
2018-12-01 23:44 | Report Abuse
Talk cock, Bloomberg does not have 1MDB scandal.
Bloomberg cannot be bribed so easily.
2018-12-01 22:41 | Report Abuse
Posted by CharlesT > Dec 1, 2018 10:22 PM | Report Abuse
Now u shared the same thought with yr twin bro leh
I can only say I will be the second best person to know this story because this story was relayed to me by the first man.
2018-12-01 22:29 | Report Abuse
I feel sad for KYY because he lost a lot of money.
This big loss can help a lot of students.
2018-12-01 22:28 | Report Abuse
I feel sad for KYY because he lost a lot of money.
This big loss can help a lot of students.
2018-12-01 22:26 |
Post removed.Why?
2018-11-30 10:46 | Report Abuse
I feel sad for KYY, so much money can help a lot of students.
KYY asks for a board seat, the owner refused to give.
KYY should cut loss long time ago, never listen to his adviser.
Sad.
2018-11-29 22:13 | Report Abuse
Look at Q3 2018 (July to September 2018) reporting, which company reported good PAT.
Hibiscus is one of the best in this season.
No reason she cannot perform.
I talk facts.
2018-11-29 22:04 | Report Abuse
Malaysian is rank # 1 best emerging market in the world reported by bloomberg.
Good job to LGE and the team.
Despite the uncertainty, our country managed to outshine due to good fundamentals, good governance of the new gov, good corruption-free perception, prudence spending and vibrant businesses
https://www.facebook.com/266790296879/posts/10156905292076880/
Hope this good news will help KLSE to catch up in next few weeks.
2018-11-29 17:19 | Report Abuse
We had discussed before, OTB did not like to talk on this stock.
No comment from me.
2018-11-29 16:38 | Report Abuse
CharlesT,
Dont waste your time to guess.
I am his good buddy and is in his office most of the time to do trading.
2018-11-29 15:43 | Report Abuse
Survival of fittest.
The share price is almost bottom, good time to buy in 2019.
2018-11-28 11:40 | Report Abuse
Posted by paperplane > Nov 28, 2018 11:35 AM | Report Abuse
sorry, net barrel per day target 20,000 in 2021, now ard 5,000 barrel/day, x4 by 2021.
I believe the present production per day is around 9,600 bbl, not 5,000 bbl.
DBS projection production per day is around 18,700 bbl.
2018-11-28 09:39 | Report Abuse
Market sentiment in KLSE is not good, do not expect a miracle to happen.
Buy a good stock, transparent management and net cash company.
2018-11-27 22:19 | Report Abuse
I agreed that there is an extra cargo from Anasuria in Q1 2019.
Please note that the production volume will increase in every quarter.
Posted by Dericlock > Nov 27, 2018 09:28 PM | Report Abuse
And P2-ST is pumping extra 1500bbl to anasuria daily start from sept, ah the math is so tough to calculate how much hibiscus will earn
The PAT will be affected by low Brent crude price will be my worry since Brent crude oil price chart is in bear market.
Brent crude oil price at USD 60 is still a very good figure.
2018-11-27 21:11 | Report Abuse
It is important to note that Hibiscus is a growing company from 2019 to 2021.
Crude oil production is increasing every year.
It is also important that Brent crude oil price must be good around USD 70 is good enough.
2018-11-27 21:08 | Report Abuse
Posted by Dericlock > Nov 27, 2018 09:02 PM | Report Abuse
my math no good, can someone calculate the PE now?
And oil producer in the world trading around PE of 15, can approximate what is its the price when it is PE 15?
400 Million a year, EPS = 0.2518
PER = 10, the price = 2.51
PER = 15, the price = 3.76
2.00 is good enough for me for time being.
2018-11-27 19:15 | Report Abuse
A gentleman recommended this type of company, I lose also will not complain here.
No point to attack a gentleman who ceased to post in I3.
Be gentleman a bit, you will be blessed.
2018-11-27 19:00 | Report Abuse
Someone may say, luckily follow the rule, did not cut loss.
2018-11-27 18:58 | Report Abuse
derrtan, you are a good analyst here.
2018-11-27 18:53 | Report Abuse
A person with good IQ will ask 100 PAT is a real profit or extraordinary gain or negative goodwill.
I hope it is 100 PAT on real profit from operation.
2018-11-27 18:50 | Report Abuse
DBS projected annual PAT = 292 million, I hope actual result should be higher than DBS projection.
2018-11-27 18:44 | Report Abuse
We can afford to wait patiently.
2018-11-27 18:41 | Report Abuse
400 Million a year, EPS = 0.2518
PER = 10, the price = 2.51
2.00 is good enough for me.
Stock: [HIBISCS]: HIBISCUS PETROLEUM BHD
2018-12-08 21:48 | Report Abuse
If you need to look at crude oil price everyday in order to invest in Hibiscus, then it is a very difficult job.
The daily fluctuated crude oil price movement is not within your control.
The production cost of < USD 20 per bbl is good enough to make good profit if Brent crude oil price is around USD 60.
The profit margin for any construction company is < 10% in Malaysia.
Do you think the profit margin of Hibiscus is good ?
Is it better than construction industry ?