If there is no more bad news coming..oil price will organically goes up as the USD is devaluing. However, if Democrats and the Republican can't agree any stimulus package by tommorow..you may expect another Black Monday next week..

feezzy @ can if it could stay afloat till 2023

chtan33, i think by the minute..what if next minute the big sharks suddenly lost appetite with the 100 PE stock and start profit taking..

Oil price will only get higher when USD start to stumble..trillions of money have printed in US and it will only devalue the USD in due diligence.. and with lesser oil rigged around due to bankruptcy and lesser exploration...Oil price should goes up to USD70+ per barrel within 3 years time.

i miss IDSS

Earning report month coming for 2Q..another 800m+ lost for AA will be a disaster...hope Tony get the liquidity he need before the Q report.

Vaccine need at least 18 months to get ready, it needed to be tested on animal before it test on human. After it test on human subject, they need to monitor the subject for some time to make sure its effective and possible side effect.

Any error on the vaccine it may create chronic disease (cancer) or mutated viruses. Even when it is ready, it need at least another 6 month to 12 month to produce 6 billion of vaccine worldwidely.

So it's better to make sure our company has a strong balance sheet to go thru the long fight with CV19.

@KAQ, tangan sudah gatal..harap-harap correction coming soon~!

AA balance sheet is ugly, and I do hope Tony found the liquidity he needed to go thru the storm..if Tony manage to keep it afloat until CV19 dissipate. 70c AA is a steal~!

Dont worry, Padini have a very strong balance sheet, it won't go down even the great depression coming but im more worried on the long term plan of Padini as outlet is closing and Padini didn't show us much on long term planning for its expansion on overseas.. Malaysia market have been stagnant. Not much grow unless it could lower cost or expand more Brands Outlet like Uniqlo @ GU Brand in Japan

@patient Investor, anything lower than 50c will be good for me but still wont put all my bullet in one shot, as I may dollar cost averaging it if it goes lower..

@KAQ, I do belief it just matter of time that Hibi will be up to 1.60 - 3.00 when oil price going up to 60 to 70 and Hibi have upscale it's production to 22000 barrel a day. But just sit out for now and following up closely on the American Stimulus after July, China US trade tension, oil demand, bank moratorium end of Sept and 2Q report of economic data. Any of the above may trigger those big sharks to sell mindlessly and I will prepare to grab as much as I could when it fall under my price target... I wanna be kaya raya with Bunga Raya~!

senyap coz everyone had gone to Glove sector.. now Supermax Buy 1 free 1 and Top Glove Buy 2 Free 1

This just 1Q result, the cashflow should be much lower on 2Q, will act on AA only after the 2Q result is out. I hope they will report the 2Q result on schedule

@wilson, stock market is totally disconnected with economic factor (QR, unemployment, debt, economic data). Price movement is run by news and stimulus package now..As long as government keep on printing money..stock market will hit new high everyday~! Cheers

It will spike more if Trump shoot down one of Iran ship

@sammofee, don't have slightest news what happen but based on old news, IIS the 3b project suppose to be announce by this month.

@spchia, looking at current momentum, yes, we could hit 1.20 today..

Seems like its gonna go up after lunch break

Oil price is a cyclical product. Low pricing will eventually rise back. Being one of the most energy commodities for the past 100 years. I dont see why it wont get back to USD50 and above.

The moment Covid-19 being dissipated and economy start to recover. Price will rise.

The question is only whether Hibi could go thru the bad time. With 200m cash with 0 debt. Its a much better position than most of its energy peers. By the way I dont see hibi 2 main customer BP and Petronas will be closing down anytime soon.

Dont miss the 2nd time of 26c again.

@icecool, yeap market is always irrational whether it go up or down..so we just focus on the company fundamental instead of guessing what is others going to do

@wallstreetrookie, you are right, the market super irrational, with best qtr performance, double digit growth during MCO (according to Mr Wong), Nak Makan prospect and expansion to Indon, Phillipines and Bangla..MYEG should be 1.50 now..yet market value it at 1.10+

@monetary. This time we fart tart!

wow..welcome back Mabel and KAQ...u all been bz with Energy Stock..lolx

what is the surge for? NakMakan prospect? or we are going to get the VLN or IIS contract?

@Luke91, I like your optimism, I'm thrill if it could end with 1.10 today

Please feed more bad sentiment..I'm looking to collect as low as I could and keep it for nxt 3 years.. at this moment I miss IDSS.

@jack, EPF is just a speculator with a lots of money~! lolz

@icecool..yeah I'm loving it..as long as my money grew faster than Inflation..I'm happy.. EPF needed 16 years to double our money by 6% growth a year..In 1 or 2 years time..I'm pretty sure Ah Wong have double our money...

Ah Wong is really an opportunist..never fail to impress me..Iour money is in good hand..It will be one or two year to double our money..much better than FD, EPF or investment fund~!

aiyoyo...Data moves from 50+ to 1.. what ashame that MYEG are so slow compare to our peer...

Aiyo. I let go at 43. Sakit hati la KAQ

Yeap, too early to talk about GST, might well keep a close eye on VLN and IIS contract. That's MYEG bread and butter.

@kidsplay, because myeg had develop a GST online accounting tool before PE14. Due to the abolishment of GST by PH Government, the system investment have to be writes off in MYEG account in 2018.

Should gov restart GST, MYEG will have a ready use GST system.

aiyo @KAQ, this morning tak boleh tahan sell at 0.43...good luck to u all..I'll be back wait for nxt red cycle~!

aiyoyo...bila balik 1.15...amaaa appaa...Encik Wong tolongg

@winner128, I think he is referring to WTI but Hibi is selling Brent Crude

Ini macam skim cepat kaya. Oil up 30%. Hibi tmrw up 50-60c.

Tutt tutt

@KAQ, jkalau boleh pi 2.60, wa muntah duit la..

@csan, the time when the oil is 68 to 70 per barrel.. Hibi is a 1.00+ counter

@mayzam, trump kata dia dah settle Saudi dan Russia Perang Harga..Brent Future naik 11%

@KAQ u are here too..Mari Mari Mari.. Tutt Tutt

bought at 1.157 and still waiting to gain 40% by end of 2020

ya @Naz90, bunga raya dah underprice.. dengan book to price 0.4 dan nett cash. kalau hari ini bunga raya tutup..kita masih boleh dapat 70c/share..

I have some question here, since Saudi is having Covid 19 outbreak now. Is it possible that they would impose a lockdown in Saudi sometime? Should one of the largest oil producer stop production? What will happen to the oil price?

To check Hibi debt u may refer to Debt to Equity ratio. Hibi is 0.00. Mean 0 debt.

Hibi have become a cigar butt company? If so Im not too worry with Graham calculation of 0.71. I still make money when it go south.

Ini Kalilah!!!

@newbiesPG, don't get too worry on the Covid-19 test kit approval, it is never myeg core business. Should VLN or IIS awarded to MYEG, it will limit up~!

Maybe the oil war wont last long

https://www.google.com/amp/s/oilprice.com/Energy/Crude-Oil/Saudi-Arabias-Oil-Price-War-Is-Backfiring.amp.html

While MBS is trying to strengthen his crown prince position now. Economy breakdown in Saudi is unnecessary.

Saudi and Russia is playing who will blink first game. By the way. I wont think China and US will be sitting down quietly letting them whack the world econonmy

paktua hebat lah~!