If I am not mistaken, USD 69 - 79 range from 2019 - 2021 for PublicInvestmentBank

Dericlock Thanks erkongseng.
Seems all party give the same tp to hibiscus of around 1.45.
Just curious what oil price they based on.

Agree. Sustainability is key.

offshore For oil companies to commit capex on a well that will pump oil for the next 20 years, they must ensure the oil price is sustainable in future. A sudden short term oil rally is not going to make them jump start drilling campaigns. Even if oil companies believe this rally is sustainable, it will take around six months from planning to awarding of drilling contracts. Any contracts awarded will also be matched to market day rate, which is currently plagued with rig over supply.
22/01/2018 16:42

Which part of the article is funny? haha!

DarKLoRD888999 Funny article from The Star haha
22/01/2018 11:29

Aiyoo....dun tell me the local asset management company wants to accumulate and put up thid type of news ah? Ahhh...are they the one(s) buying of late? Come on, if you see this, just admit. There is nothing to be shy....haha!

Yes, revenue growth infers increased market share and the larger it gets the more punch it presents to the competitors be it local or overseas and the more it becomes a takeover target. Who wants to vyy a business with shrinking revenue base, yeah? Haha!

Amcor makan tomypak lah..haha!

Aiyoyoyo....the writer copycat....mention amcor like me. Haha!!

Ah carp......Exodus 20:7...hehehe..

Aiyooo....Ah Lu.....JP Morgan got TP meh? Templeton, BlackRock? Good lah, hope you strike your dua ringgit..hahaha!

No worries, Derilock. More relevant info is always better. Haha!

ChannelFeelGood stuff....you believe?

samiar merlin...have some credibility bro. why so fast remove your blog article on Sumatec? Many wish to read.
19/01/2018 17:29

Really? Wow, we have chemistry!

jasontan1177 Ozzie u may buy some dgsb....he is he he he there
19/01/2018 17:29

If Captain comes back, I join. No one leads like him. I miss him..especially he..he..he

Already one of the leaders in the packaging business leh. Want to be king...I think hor...tough le...becoz hor...need to overrun Amcor. haha!

Mark your word...else I juice you alive, Papayaya.. hahaha!

Papaya Juice The last time you see Hibiscus this cheap!
19/01/2018 17:16

If you are referring to the AllianceDBS TP, it had been revised to 1.45 (https://www.theedgemarkets.com/article/hibiscus-best-malaysianlisted-proxy-rising-oil-prices-says-alliancedbs-research)

The 1.48 (http://www.theedgemarkets.com/article/alliancedbs-research-starts-coverage-hibiscus-target-rm148)

I think they priced in the Sabah thingy. Have fun. :)

Dericlock 1.48 TP for hibiscus, still got almost 50c to climb more.haha.
Anyway, i never really able to read the DBS report on hibiscus. Is the 1.48 exclude sabah eor or already include into the TP as well?

Still waiting at 1.01 or another top up.come on...
19/01/2018 15:34

aiyoo.....more and more part-time ma chai appearing...the stable never lock the gate...hahaha..

Yeah. That's why I said 'should the exploratory works....' or if the exploratory works have positive discovery(s) within the renewed 5-year timeframe from Jan18. :)

Dericlock Australia to bear fruits going to be few years time. Not that easy to start a new field just like that. So most likely they might sell to some party on the geological data for a quick fund
19/01/2018 14:30

Well, I see a fox...do you? haha!

jasontan1177 he is the one said so..

some people said i will hold on the stock as long as it profit result still good..
19/01/2018 14:00

Aiyooo....that one...kyy inside. Set target price achieve just chop and go ah....wakakakaka....kikikiki..

jasontan1177 some people said i will hold on the stock as long as it profit result still good..

to me , this is very naive leh....up alot kasi jual saje . take profit. itu olang ciakap lia tala jual HY when 19 RM now 12 RM....aiyoyo
19/01/2018 13:56

Ok ok, dragon....I see tan seli there as bell boy I give him RM 55 sen tip, ok? wakakakaka....kikikiki...

dragonslayer Aiyo..YAB lah..he always fly yo kazak...stay in Aqtou town one..tan seli sleep mana hotel he also know lah...he sleep next room lah...wakakaka...kikiki
19/01/2018 13:54

Aiyooo....their external auditors gave modified opinion on the recoverability of that related party receivables in Kazak land leh...Grant Thornton conspired with them to cosmetic the books ah?hahaha

I can't remember to be honest but back in 2014 the Sumatec story was about the exit from PN17 and the hype on its oil & gas production and which, obviously didn't materialise as represented repeatedly, whereas Hibiscus was a SPAC hunting around for opportunities and today it is a different scenario and the same for Sumatec (which got worse).

Hibiscus gave me some good returns. Sumatec? marginally positive after my complete exit. haha.

jasontan1177 ozzie i remember last time when i asked u guys buy hibisc... you guy said FA not cantek....

when hibisc at 30 cents plus after a good r report. if i not mistaken la....

hehehe no offence bro..
19/01/2018 13:40

aiyoyoyo...very simple. Do Your Own Due Diligence (DYODD). Pocket is yours and if ok then buy lor. People ask you to buy you buy meh? They ask you jump you jump too? Aiyoo....
19/01/2018 13:37

Well, the differences between Bungaraya and Suma : Receivables in Bungaraya eventuate as operating cash inflow but not Suma, Undertakings of Bungaraya are largely independent whereas Suma largely related party....and ongoing litigation of Bungaraya is 1 whereas Suma is I lost count.

And projection is not equal to production.

Representations of plan after plan, talk no action.

And to Halim Saad: Your 2015 statement of 55 sen a good buy, still holds? Or a 'good bye'?

JoshuaMS7 Correction we can't control but as long as within above 60 ++ usd what point this counter will drop v increasing oil production??? If March 1500 barrel was archive coming May report revenue and profit should be big gap!! Then the shares price should be big gap adjusted too! Remember hibics shares price? It's increasing to break RM1 when their oil production is increasing to 4000 barrel!! If sumatec year end increases to 7500 barrels what the shares price should be??
19/01/2018 13:12

"inader"? LOL

Mark T Bird r u investor or trader? LOLLL
19/01/2018 13:06

If you don't know, here and now you probably should know:

https://www.theedgemarkets.com/article/umwog-down-49-following-research-house-downgrade

pradeep i do not know whether the stock had been downgraded if it is true it is not good and chart wise it looks technical rebound.if anyone of you knows of the down grading please share with us and why it should be downgraded, to my opinion it had been restructured so why downgrade and since oil price is up it should be profitable nevertheless this stock must have holding power do not speculate and it is long term investment.
19/01/2018 12:53

Aiyooo...

Confident? Hold
Not confident? Sell

haha!

Posted by SNHI89 > Jan 19, 2018 01:04 PM | Report Abuse

To hold or to sell?
Please advice

No worries. Anyway is publicly available and it provides a decent overview of what Hibiscus is about and its current developments.

Much of the focus of lately had been on the North Sabah PSC and Anasuria Cluster. Should the exploratory works in Australia bear fruits subsequent to the recent permit renewal of another 5 years, gonna be 'oooyeah' for Hibiscus vested folks.

DYODD. "Wind-direction" forecasts..hmm...can go awfully wrong at times...hehehe..

Dericlock thanks oozie75 for sharing the JP Morgan report, very detail and informative.

My friend...keep your eyes not just on the profit. Remember the prime minister of this country said 'cash is king'? Sumatec's profits from the past..where's the cash? If you still do not get it, take the last 2 years of quarterly numbers particularly the cash flow statements, put them side and side and try to rationalise the comparative movements. :)

JoshuaMS7 @BigDaddyCool even oil price volatile i strong believe will maintain 60usd and above correct (look at us inventory data)?? In this price range will sumatec profit?? think about it
19/01/2018 11:30

aiyooo...so many runners of the operators, or "ma chai"....are you all paid hourly? haha!

You had been preaching tons and it is their individual decision. Saying more is not going to make you the saviour, or messiah, if you want. Protect yourself first. haha!

BigDaddyCool some people here are so stubborn headed & greedy..I did mentioned several days ago that BRENT is going into a consolidation phase after a long run up since NOV 2017..But decision money is in your hand.your choice.Looking into this coming weeks oil is going to be volatile ahead!
19/01/2018 11:24

http://ir.chartnexus.com/hibiscuspetroleum/download/pdf/media/analyst-reports/JPM_Hibiscus_Petroleum_Bhd_2018-01-12_2546108.pdf

locomania There is a 42 page on Hibiscus prospect report by JP Morgan on 12 January 2018 that has much deeper analysis. Since is copyrighted I will post here but available if you guys go google it.

Hibiscus Petroleum Bhd
Malaysia's only listed E&P "pure play" evolving from
the North Sea to Malaysia - Company Visit Note


ozzie75 @Alex KL: the report : http://klse.i3investor.com/servlets/staticfile/318089.jsp
18/01/2018 23:35
19/01/2018 10:51

Wah..i want to work for tomypak. Can buy their shares at a discount!

@Alex KL: the report : http://klse.i3investor.com/servlets/staticfile/318089.jsp

@Alex KL Paddington Chin: regarding the PBB 1.44, is not the TP but the fair value estimate assuming 50% of the 2C reserves convert to 2P reserves. Have a look at the PBB report sometime in Dec17 which is somewhere up there. What Hibiscus had secured is what I understand is a brownfield and which is potentially more cost savings and effective.

Confident? Invest
Not confident? Don't invest
No clue? Put your money in the bank

Speaking to North Koreans is useless. Someone got to tell Kim Jong Un that Trump's been calling Ri Sol-Ju's name in his slumber though Melanie's clothlesss beside him....


i3lurker somebody please speak to the North Koreans... we need another missile test on Saturday or Sunday....

:)
18/01/2018 15:06

Folks, any idea what is the premise Brent price in PBB coverage leading to the fair value of RM 1.44?

Dericlock @DamienCYH, agree with u.
I doing long term one, holding hibiscus since 42c.
But still all this roller coaster in KLCI is pretty scary.
Really giving heart attack on all these roller coaster ride.

See now back to neutral and maybe back to green.
Too scary till i also not have enough guts to top up at rm1.

Congratz to those pick the falling blade this morning.
one day 6-7% earning, lol
18/01/2018 11:23

2018? beginning of the year, too early to tell. 2017 alright. 2 extra bowls of rice. enough jer..haha.

Yes....sayang? hahahaha...aiyooo...for DC not you leh..

Posted by KAQ4468 > Jan 18, 2018 02:28 PM | Report Abuse

aiyoooo ozzie ...

Aiyoyo..DC....chill...come come: https://www.youtube.com/watch?v=REGmG3cwRIQ

No worries. Take it easy. Chill and relax. I know how to get you. hahaha.

nomanland Bro, thank you for summary. I should had put in it. My brain just cannot straight.
18/01/2018 14:19

Bro, let's summarise into 1 sentence: You have been warned. haha.

Posted by nomanland > Jan 18, 2018 02:13 PM | Report Abuse

if the average above 4000lots, you have big player queuing.
After the market, first thing, next morning, before 830am or earlier, check the best queue + volume. find the average. Big or small player. Those big players have the patient to queue. Small fry, you can easily guest it.

Take it easy, bro. Can't earn the whole world, yeah? Sleep issue? can catch up. Sex issue..hmmm...must tickle more...haha

nomanland Bro ozzie75, I am very busy with my projects. Today, I off and having a "brain's fart" and cannot solve any problem properly. Not enough sleep and sex.
18/01/2018 13:48

Bro, you missed the excitement over the last couple of days. Some Caspian Sea old guards came back and we kind of had mini hell of a good time. haha.

Bro, you are back. :)

nomanland Aiya amet2017. That magician already shown you the chart. The crystal ball said, "2+2=5"
18/01/2018 01:59

There has to be a strategic objective on why the listing of the PP shares and the free warrants announcements are in tandem. :)

Luoli, sometimes you got to bring the palm to the hot kettle to appreciate the meaning of scald. I am happy that you made your gains, my dear sister. :)

LuoLi Yesterday ask to sell dun listen. Now cry lah. Tomolo will be around 8sen
17/01/2018 15:49

https://www.investopedia.com/terms/p/privateplacement.asp

sklim What is pp?
17/01/2018 15:18