I agree with Phoebe. The HRC mill will be key to Hiaptek success. If they can produce HRC locally, that will be a game changer. Currents China HRC future is equivalent to RM 2,400 but this is FOB China. Which means buyer pay for shipping which needs to be included into their selling price. Furthermore, it will takes 3 to 4 months with custom clearance.

Hi Phoebe, Can share why are you so confident with this counter as I see you keep accumulating this counter.

RM8? hmmm.....

Now I remember & now the chance to buy oh.....are you buying truck loads of it??

Posted by TanDavid88 > 2 months ago | Report Abuse

Still waiting for 0.30.
Sudah lame tunggu masih belum bolih dapat.
Memang tak bolih jatuk sampai 0.30.
Memang tipu nya.

wow.....really reach 30c like someone predicted (can't remember who but u can come claim your trophy). If not mistaken, Mr. OTB and diehard supporter (can't remember his name) says impossible to reach 30c.

ICPT will be adjusted every 6 months. So, we need to see the will the ICPT July - Dec remains the same or adjusted upward. Only the Tariff will be locked till Dec 2024.

I disagree with thundery. Actually the 1 no money makes more sound. The 1 got plenty of money has been quietly collecting.

Si for loh. Sifu promise the star and moon in the sky and many has follow his dream. The dream now turn to nightmare???

dropby to say hi. I wonder where is master "O". Sudah pi O-land ah? Those stuck high in penthouse, don't worry and don't feel to bad for yourself. History will repeat itself. 3 years later, you will see a new batch of water fish get stuck like you. Hope by them we grow up a bit wiser.

earmarked 1B for capital management & special dividend? Ini macam minimum must have 35c la. If not, no justice. 35c is about 10% DY loh...better still is can give 38c. sure huat .....

6 yrs ago....masteel. Now is Hiaptek. 6 yrs later i sure it will happen same story. It will be same script and the difference is sifu will get richer while more billis will get burnt. And the ending is soli soli soli.

I will wait for rr88 1.14 to buy more. Pls short till 1.14 if you can.

if brent up to $130, not only shorty but i too will pee in my pant. Getting too scary as eventually everything will go up. Transport charges will increase and thus cause everything up. Hyperinflation coming. Keep cash also die because it get devalue

I think is due to expectation. Some might expect PAT 100M. Some expect 150M and others might expect 200M. Also, this QR result will not be the best yet as Jan - Mar average oil price is lower than Apr & May. Furthermore, Annasuria critical component is not repair yet. Then only able tp produce 60 to 70%. That is why it somehow impact Hibiscus performance. If oil price continue at 100 till year end and 1usd =Rm4.4, hibiscus si beh ang ang ah. I will just do nothing. It will just get better and better.

@looiting. I'm not sure why but when I read your comment, it seems like you envy the retailer and wish to get trapped too. Hehe. .....trapped in the King Solomon mines??

Hahah....rr, thought u dump all at 1.35 and waiting for 1.30 ma. If follow ur advise, I make less 10c a'dy.
Already said, no need expect brent to be above 110. $90 to $100 already ciak beh liao. . No 1.80 also no consider selling. Furthermore now brent still $110. Half quarter production selling at $105 to $110. Don't forget Sabah oil sell on premium some more.

The summer holiday is coming in US. It is about 1 month time from now. Can expect hell a lot of travelling going on for the next 3 months. The demand will increase significantly. If now already deficit, I couldn't imagine how much more it could be short.

Good point. Never occur to me some company might have have already lock in their produce on a future contract. So, with current rise of CPO price, they won't be able to benefit much. But it goes both was as well. If the price tank, at least they have sold. Can't have best of both world.

Will today break 1.50??? hehehe.....
I think super inflation is coming. News reported in June, most food will raise by another 60%. Keeping my hibiscus to hedge against the inflation. Any other stock in mind that can hedge against inflation. I know many says plantation. I'm not familiar with plantation especially with the labor issue, fertiliser, logistic cost and lastly most of them in Indonesia and not sure is Malaysian company operate in Indonesia also subject to the no exporting.

@TehBeng, Depends who you ask. If apple 168 or rr, they will tell you below RM 1 soon. If you ask the Dr. Kenneth, the CEO....he just close his mouth and Um chiew. He a'dy says, wait till end of the month. The results should be optimistic.
To me, they have perform well when price is at $70+. I can't see any reason how they can screw up when it is at 90+ 100+ & 110%.

i hope you are referrig to the share price go green and not the face that is scared until green

Everyone go goreng in Heng yuan. HY lagi super hot.

Oh No.....brent went up again.... Tiger mana? Why Brent at 107 no report?
As long Oil is above $90, Hibiscus ho seh liao..... ciak beh liao

Can't blame the investor as they were sold the dream of revenue expanding regionally. If that indeed comes true, the revenue will multiply by 3 fold. Imagine the population in Vietnam and Cambodia but unfortunately the plan has been shelf. The money raise for that plan has been use to buy more EDC machine. Hence, you can kiss goodbye to the expansion plan. So, the story shift to digital banking and that did not materiliase as well.

Oil settling below $100 is a good thing. It prevents big company drilling more wells which will eventually cause oversupply. Oil price between 90 to 100 is good for Hibiscus already. No need to trust me. Trust the upcoming QR report.

Anyone knows the contribution breakdown in terms of revenue/profits according to country? Is 90% from Malaysia and 10% oversea?

Don't worry....sorry sorry sorry coming soon....

https://www.youtube.com/watch?v=AAWqnA8PdcY

It is not bad Q but the earlier price was in anticipation that they will have a very steep growth rate but then the project didn't materialise one after another. So, ppl are leaving. My guess only.

Gone apple but come a tiger......laugh die me.
Why it goes back up to 105, u no report leh? As long it is above USD 100, Hibiscus going to fatt until like pig head. Please remember they don't sell oil on daily basis la. So no need track the oil everyday, every hour oe every minute. Just guai guai sit quietly till end of May.

Rather of spotting the low, l rather look into what else the business can offer? If there is no new product or market, then I too think it is expensive. If they can restart their expansion plan to Indonesia, Myanmar, Thailand, then there will be big potential. Local market is saturated. How many more CDC machine can there sell? Unless the machine have a short lifespan and need all need to be replace or upgraded. I doubt the rate will not be exponential as they 1st started.

is this the same rr that keep on saying hibiscus going to crash back to 80c? Now giving target price of RM2.40?????

Frieght charges are increasing on weekly basis. I know normally frieght charges are paid by client but recently heard many industry complaining that their buyer putting on hold their shipment due to high shipment cost. Will be interesting to see upcoming QR Tguan inventory and receivables. It both are high, then need to be extra cautious.

Told u all long time ago it is a repeat of Masteel le......nobody 1 to believe...

If oil remains above 80, repsol aquisition could be fully paid off before end of this year. Refer to Aminvest report. Repsol stop clock was on 1st Jan 2021. From then on, whatever earning will be belong to hibiscus. If i understand it correctly, the final price Hibiscus pay for repsol asset is RM 138.7 by deducting the cash generated over the 1 year period. Meaning Repsol generated $75 million on the average of $65/barrel. Now oil is above $80/barrel. If it stays at this level, no need 1 year, fully paid off this asset. If that the case, this is damm good investment by Hibiscus management. Kudos to Hibiscus management

"The finalised purchase price for Repsol’s assets has been lowered by 35% from US$212.5mil to US$138.7mil cash from the distribution of dividends from cash flows of the acquiree since January last year, net of time value adjustments. We note that the finalised price is at a slight 2% below our earlier assumption as guided by management."

https://klse.i3investor.com/blogs/AmInvestResearch/2022-01-26-story-h1597538309-Hibiscus_Petroleum_Transformative_growth_and_Repsol_assets.jsp

Desperate time call for desperate measure. Interest is adding up daily. Double down his bet now

Extension of RP2 is good for consumer but bad for TNB.

For the benefit of long term share holder, I think it is good that the price maintain at this level for few months. Let those thinking of fast money and bought on margin pay the penalty of interest. Or else AYS will turn into a goreng stock oni.

Hiaptek CFO resign effective 1/1/22??? I no worry he sell of his share but i more worried he resign. Apa reason resign? Anyone knows? Old age? Health? business problem?

margin compression or margin call coming???

Next year steel demand will come from locally. Gomen need to pump up the feel good feeling b4 election. If no push infrastructure project, gomen also die. One might ask, gomen got money meh? Got, gomen use future money loh which our son and daughter will eventually to pay for it.

I think there will be many floats claim and damage claims. Despite many don't buy flood insurance but there will be still a handful of ppl have flood insurance. It will affect this Q results.

I think uncle must have bought alot using margin. Everyday counting interest even on weekend. So he need AYS to fly soon and that why need to attract buyer. I think if AYS bound range 60c to 62c for a month, enough to make uncle sweat.....i think oni...

Iron ore drop no good for hiaptek?? Isn't cheaper input while selling price remain high is good for hiaptek?

Because oil not yet reach $120

Mayb is good idea to put in both resolution. AYS will buyback shares with the condition mr.koon cannot sell for the next 5 years. Agree??

If the Share price rose above current price, can AYS board of director request an EGM to bar Mr. Koon from selling his shares??

Holy cow. Trading revenue is 35.4mil but PBT is 116k only? Like that better tk the money n put in FD. At least can get higher. Operating cash flow is -22mil. Unbelievable....

The cukai makmur will affect next yr div. Imagine if the same earning as current Q, the PAT will be 840mil instead of 1 billion. I think TNB will use next yr to kitchen sink whatever that they HV not reported yet coz why declare high profit n pay additional tax.

Don't so early dismiss hibiscus. Rome also not built in 1 day. I believed management is building strong foundation for tis company. Management unable to control share price but can manage the company well. Give 6 months. If oil price hover around 80, I think it just matter of time only.

https://www.theedgemarkets.com/article/us-japan-start-steel-aluminum-talks-over-excess-capacity