+ Oil wells that won't leak

kahhoeng,
MB concern on capex is not a concern at all. The reason behind why Jeremy Yap from MB gave lower TP is his NPV is lower than the rest. Very much lower. Any companies can easily get borrowings from banks e.g. E&O, Parkson
2 Less revenue FY25. 5199 has a production target for 2025-2026. 5199 intend to produce 35,000 - 50,000 bpd. As of today, 5199 already achieved the lower end of its target for 2025 -2026. That is 35,000 bpd.
3 As of reduction on production from existing asset in FY2025. Sometimes, they did this on purpose. You sell everything you got when price is high. You keep some when price is low. We do this all the time. Crude and LNG tankers just anchored nearby waiting for offtakes/offloading. There are also other fields are in 5199 pipeline e.g. North Sea, PM3 CAA and expected to go online early next year. This includes Brunei assets as soon as TotalEnergie agrees. And it appears that 5199 is very confident this will happen soon. The existing staffs just change their fireproof coverall from TotalEnergie to Hibiscs. And off they go.
4 As for lower exchange rate & crude oil prices. We especially those in Oil&Gas upstream industry know we can always increase our production to compensate this. It is true that Brent oil once dipped below USD40 or even gone as low as USD21, this is due to new entrant, oil shales. OPEC didn't want to loose their market share, so they dropped their selling price to maintain market share. Now due to fracking process, many countries banned extracting crude oil using fracking process.
5 5199 already made their forecast from 2025 onwards, brent oil will drop further from 72 - 75 range. And they already have a mitigation plan in place.
I find that these concerns are exaggerated and not taken into account that OWNERs or COMPANYs build tanks that they dont explode, structures that wont fail and ships that wont sank.

They say MB analysts made a SELL call at TP1.60 in bad faith or under influence. Bloomberg TP is 2.98. PBank's TP is at 3.2. They claimed they also seen HLIB TP = 2.95. These TPs are close each other which we can understand why this happens. They use the same formula/equation and methods. Their numbers vary because they use difference allowances. They basically just estimate these allowances. Sometimes, their employers dictate how much.
In the end, you TP must make sense. If Jeremy Yap deduced Hibiscs TP is 1.60, then he must justify why. Because of his TP is 1.60 now (after share consolidation), Hibiscus produced higher revenue, higher earning and higher FCF then 3 years ago before share price consolidation. By back of the hand calculation, Hibiscs share price was around 0.65 - 0.75 back then before share price consolidation. Clearly, Jeremy Yap made a huge error in calculating his TP.
The problem with local analyst reports, local analysts work with investment banks. These investment banks also do stock trading, invest in stocks, warrants, ETF and etc. He is not free or impartial. His integrity is in doubt.
If you found any numbers out of certain range or clusters, you immediately know there is either something wrong with others or if there is something wrong with this fella.

Damage control. Its about EOQ, Economic Order Quantity. Khairy Jamaluddin wanted vaccines at a discount. Pharma was made as a scapegoat to order vaccines in large quantities. Malaysian Government controls market price for medical supplies NOT to mention pharmaceuticals have to bribe all the way up to sell their product to MoH. Pharmaceutical companies overseas make tons of money BUT not here in Malaysia. Medical stocks are junk stocks. Ditch them!!😡