@JayC: https://www.dbs.com.sg/sme/aics/templatedata/article/generic/data/en/GR/000000/000000_insights_malaysia_model_portfolio.xml

Lokely to be the most current. Cheers

No catalysts for now.

Download the pdf...hahaha

https://www.dbs.com.sg/treasures-private-client/templatedata/article/generic/data/en/GR/012018/180117_insights_turning_positive_on_malaysia_oil_gas_sector.xml#

JayC please provide research by Alliance DBS , so that we can confirm what they have written is true or just fake news
31/05/2018 16:37

An optimist indeed. If it comes, great for us. haha. :)

Dericlock Haha, @ Ozzie, not a big fans of technical analysis.
Especially donovan's estimation is too good to be true every time. So a bit conservative from it.
31/05/2018 13:10

http://donovan-ang.blogspot.com/2018/05/hibiscus-petroleum-31-may-2018-thursday.html

If we see the current ownership %, the counter is kind of cornered by few individuals, with 2 ladies occupying about 60%, while the executive gentlemen also about 20% combined? So, the liquidity of this counter would probably be less, with the shareholdings largely in the hands of a few. Depreciation/write-offs are significant this qtr, probably due to ongoing business rationalisation and hopefully the MMAG business equation would be logistically premised in time to come.

cyrix8 bad result, all prices should go down
31/05/2018 08:19

hmm....storyline pretty much the same as last qr. Is this the best the management team can do?

Hahaha....hmmm....what are those links up there for?

@vespa: thanks for sharing. Analysts can make mistakes too so let's stay composed while we await the qr next week.

@Dericlock: in the last quarter details, particiularly Note 15.2 it was mentioned that 'the production are back at expected level'.

@Dicky11: Look at Point 5 of the report:
http://klse.i3investor.com/blogs/taresearch/158173.jsp

@Dericlock: if you are referring to Dnex, their energy business is faving increasing competitive pressure as mentioned in Note 19 (page 13 of their QR).

The associate company revenue and expenses are not consolidated into the reported numbers of Dnex.

Beautiful day.. Take it easy. :)

My suspect is this coming Q3 (this month's QR) ending 31 March 2018 that we could see the one-off negative goodwill (or discount), on the strength that the Company represented that the North Sabah deal was completed on 31 March 2018 and that being the last day of the coming QR period. The valuation....I guess it would be based on the date of completion.

We would know in time to come. :)

Dericlock It depends on what oil price (or when) they based on for the purchase consideration of North Sabah. And on what date they revalue the asset they bought from North Sabah (most likely 31st March?)
But ya, if it really is negative goodwill, then the amount might be huge....

But still it will appear in Q1( coming this week) or Q2 ?
21/05/2018 11:41

@Dericlock: While perusing the updated presentation earlier, the Company had specified the completion date being 31 March 2018. I am more inclined towards a one-off gain taken up in the books (ie. fair value >purchase price), on the premise of a positive relationship between fair value and oil prices.

Bro, if we take the announcement date of completion of the North Sabah deal, being 2 April 2018, I reckon that North Sabah is unlikely to be in the books this QR for the period 1 Jan - 31 March.


Dericlock Ya, volume is dying off even though oil price keep on rallying.
Maybe ZULKEFLI done selling off?
Or everybody is waiting for the next QR out to see how sabah contributes to hibiscus' account.

By the way, are we confirm that north sabah will get into hibiscus' account book this QR?
18/05/2018 12:15

@Dericlock: Thanks for sharing.

http://www.theedgemarkets.com/article/myeg-downgraded-underperform-credit-suisse

Yourself? haha.

cyrix8 anyone buying now?
15/05/2018 11:50

Support Malaysia.:)

Dericlock ya, petrofac is handling their FPSO.
But from the news, they are selling their own field. And it didnt mention what country nor which segment of their upstream part is selling off.

Plus, nowadays so many FPSO for hibsicus to choose actually. Haha.
Can consider armada if it really happens

https://www.petrofac.com/en-gb/regions/europe/projects/service-operato...
15/05/2018 20:25

Sounds like the BN style of administration, yeah? Don't ask, cannot tell, keep quiet....shut up etc. Selamat pagi, my friend. :)

Dericlock haha, only 2 type of person will ask people to keep quiet when we are sharing news on hibiscus.

One is losing money in this stock currently, second not in yet but still waiting for the stock to come down.

Take the lead, please. :)

unclelim123 today tp 1.12-.1.4
15/05/2018 08:43

Mampos Your Evil Govt. Payback time.

Those were the ones who ran away. haha.

Posted by youkian2 > May 14, 2018 02:56 PM | Report Abuse

I saw many people in this forum shouted "Run......" last week.

Yep, to the best of knowledge, is clean. :)

cyrix8 impossible mmag is linked to BN
13/05/2018 16:32

Your wish had been granted. :)

StockKeeper faster break 0.945. QR coming soon
14/05/2018 09:10

So....is MMAG connected to any? Haha

Joker. Hahaha

Busyinvestor This stock is pro BN.... Be careful...
11/05/2018 22:08

MMAG: Make Malaysia Absolutely Great
Congratulations. :)

haha.

st0ckraider tp raised to 19.2
08/05/2018 13:54

DBS 1.48 or 1.97? Haha

Is Hibiscus an index counter? Brent above USD 74...apart from that...any other direct catalyst(s) for Hibiscus?

No?....Tunggu...

Jant10 Brent oil above USD74 + KLCI 1895.18 new high? Why not Hibiscus also?
19/04/2018 17:01

That is the best they can do? haha

Dericlock super powerful the seller, can throw till drop 0.015c in one shot. geng
19/04/2018 16:27

Benjamin Graham taught you that too? hehehe..

paperplane using bone theory, TP is 0.17x2=0.34
17/04/2018 17:01

That is kind of overblown, to be honest. I don't think Wong Eng Su is solely responsible for GDEX profitability within a short period of time, but his carried forward experience from GDEX does instil certain degree of confidence, at least for me. haha.

stncws WONG turns GDEX into a profitable company within short period of time. i share the same view, is in the transformation stage could attracts LIM's participation, and the Tax free and pioneer status sure does help !!

GDEX 60c
19/04/2018 10:06

I am not sure what is the big plan about but for a fact her plan is to make money and not burn money. haha.

stncws Lim is buying those minoritis's share now...Lim sure got big plan for this...!
19/04/2018 10:09

Thanks for sharing. I agree with you on the casion part. :)

Windy1974 Hi Hibiscus fans. I was the one that sold my holdings at RM1 after holding for around 1 and a half year and i stated why in my previous post. I have accumulated back my holdings in the last week, simply because the oil price seems to be holding at different level now. (higher) In fact, crude still heading higher from here i believe. Hence, Bunga Raya being an upstream player, will be an immediate benefactor. (You can see that the director also bought some recently from filing) I say, it's easily worth RM1.20 with current crude price. However, i am appalled and puzzled by why wc can sell at 0.40. Obviously, KLSE is a casino and not sure those wc people realise or not, they are only in money when Bunga Raya reaches RM1.40?? And that only till March 2019. With current price at 0.90, you can make more than 50% when it reaches RM1.40 and these wc people are happy to pay a premium of 0.40 for it. I salute them. Obviously, if you are smart Bunga Raya free warrant holder, you would have sold everything by now
19/04/2018 09:43

Seems unlikely. The company is still in its transformation phase and probably stirred the major shareholder's buying interest.

stncws feel cbl wife uses the same tactic 5 years ago... MGO...50c and turn down......

now waiting 33% !

offer again 50c 70c RM1 ....???
19/04/2018 09:47

Seems that Wong Eng Su's effort is seeing light at the end of the tunnel...keep up the good work. Let this be the GDEX comparable in the making.

@Derilock: just keep it at the back of our mind that the AllianceDBS assumes a usd60/bbl in their coverage. :)

The bloke could have a better hit rate with Google...haha..

https://www.energia16.com/shell-kicks-off-its-divestment-plan/?lang=en


Dericlock Lol, quite a funny question asked in Hibiscus Q&A. Not sure what the inquirer hope to get from hibiscus, lol

Why did Shell sell off its interest in the 2011 North Sabah EOR PSC?

Hibiscus Petroleum is unable to comment on behalf of Shell as to why it has chosen to sell the North Sabah asset. However, you may refer to a press release dated 2 February 2017 by Shell (click here) in relation to the sale of the North Sabah asset.
17/04/2018 08:49

Moving forward, the management had made a reasonable decision to reinvest operating profits for the betterment of its operations. :)

https://www.cnbc.com/2018/04/13/oil-prices-could-rally-to-100-a-barrel-if-middle-east-tensions-really-kick-off-analyst-says.html

Derilock: life goes on. Just ignore the barks and mew mew. :)

The dork who is responsible for 2 storms: 1. Stormy Daniels 2. Stormy markets

https://www.cnbc.com/2018/04/11/trump-economic-advisor-larry-kudlow-tariffs-might-come-before-negotiations-with-china.html

If crude oil at 0.72++ level like what you said......you probably be the last man standing. hahaha..

Hang on...is there a typo? Crude at 72 or 0.72? haha

astalavista At crude oil being at 0.72 ++ level..imagine the profit of bungaraya..wow :) will surpass 1.00 soon
12/04/2018 12:48

https://www.cnbc.com/2018/04/11/tariffs-china-will-fight-back-if-us-escalates-trade-spat.html


AlexFergusan Oh boy not again...


Asian stocks declined as investors digested the latest signals from the Federal Reserve on the monetary-policy outlook, escalating tensions in the Middle East and a fractious U.S. political landscape.
12/04/2018 12:36

Well said. haha.

Posted by AlexFergusan > Apr 12, 2018 11:06 AM | Report Abuse

Sold already right so tutup mulut n leave this forum. No need to show off

Good. Hehe