Expected the share price will drop further, oil price has been downtrend since October

Never expect oil price will drop to $66 but it did today

As more and more countries announced lockdown will supply outstrip demand?

Pump n dump by operator yesterday??

Agreed with your statement kakiminyak, most people forgot that there is financing cost involved with Repsol acquisition. It is not free from the sky

@kahhoeng i dont think your figures are correct. It is clearly stated in their latest quarter report, their realized oil price is $75 for North Sabah and $76.31 for Anansuria which is higher than current oil price. During those period crude is not around $62 but it is around $70-$76 (except for month August). So not sure where you get your figure 62 from?

Plus a malfunction of a critical component of the subsea infrastructure was identified in their Anansuria project which wont be fixed till 3rd quarter 2022. So I expect a flattish quarter from them.

WTI already below $70 even lower than September. What would be Hibiscus share price?
Any guess?

All resolution passed jst now in the meeting

Oil price drop a lot last night, will Hibiscus share the same fate?

Oil price is back to July to Sept pricing. Jst look at Hibiscus share price back then it should give you clearer picture

Oil price is being manipulated by the big funds. They can influence the media to write according to their wish.

Oil price drop immediately upon OPEC announcement then short bull run now drop again lol

OPEC+ To Add 400,000 Bpd In January Despite Oil Price Plunge

https://oilprice.com/Energy/Crude-Oil/OPEC-To-Add-400000-Bpd-In-January-Despite-Oil-Price-Plunge.html

https://oilprice.com/Energy/Oil-Prices/Deutsche-Bank-Bucks-Bullish-Oil-Predictions.html

Yeah agreed was expecting it to drop more but again when Hibiscus drop it is fast and furious :)

At current price, oil price is even lower than July. In July - Sept, Hibiscus was only trading at 61-70cents so trade with caution

https://www.reuters.com/world/us-tightens-covid-19-travel-rules-countries-race-quell-omicron-threat-2021-12-01/

Omicron rapidly dominating in South Africa, U.S. reports first case

Hopefully the world wont go in lockdown again, it won't do anyone good

https://oilprice.com/Energy/Crude-Oil/OPEC-Expects-Large-Oil-Glut-In-Early-2022.html

That is old news derrick 10 Nov way before omicron variant arrives, please post updated relevant news

Tobby last time u say it will go to 60 cents now u say 70 cents. Haiyah be a man lah dont left right left right

Closing price 76cents very far leh from 60cents. So how apple168 and Tobby?

Agreed with value_seeker and Windy1974, people like Tobby is the reason why the world cant be a better place. Shout 60cents but himself buy at 70cents? Lol despicable people. Trust me once he sell his position at profit, he will shout 60cents again lol

For those pople say gap down but Hibiscus is green now. How leh?
Haiya con people lah u all, u all want to collect cheap too right? Hehe

Queuing at 0.705 tak dapat haishhh

Both WTI and Brent is up again

https://m.investing.com/news/stock-market-news/stocks-oil-regain-some-composure-after-omicron-battering-2692215

https://www.zerohedge.com/commodities/after-todays-crazy-meltdown-what-oils-fair-value-goldman-has-answer

https://www.cnbc.com/amp/2021/11/26/pfizer-biontech-investigating-new-covid-variant-jj-testing-vaccine-against-it.html

https://themalaysianreserve.com/2019/10/30/new-orders-lead-the-way-for-mtag/amp/

MTAG supply to SKP and VS as well not just ATAIMS. So if Dyson terminate their contract and move their order to SKP or VS, MTAG will also benefit. So in all, no difference for MTAG.
Knee jerk reaction.

Repsol acquisition will increase 8,000 barrels of oil equivalent per day to about 25,000 barrels oil equivalent per day. (3x times increase). 17000 plus 8000 = 25000 (50% increase not 3 times more). Rookie mistakes?

Just few weeks ago this uncle ask investors to avoid steel stocks, now he is promoting it?

Come on lah uncle, have some decency in your life. Want to bring people to holland is it?

Quarter result why so bad?

Funnily enough the admin of klse forum too lazy to post news about Iris

https://www.nst.com.my/business/2021/06/695292/iris-corp-bags-rm109bil-niise-project

https://www.bharian.com.my/bisnes/korporat/2020/07/713415/iris-sasar-jadi-pengeluar-utama-kad-pengenalan-diri

When shorties buy back 32million shares how come the share price didnt go up but instead it is down. But when they short sell the share price is down. Very unfair leh like this!!

Anyone knows why EPF selling TG at a loss? EPF has been buying TG since beginning of the year at around rm4.5 to rm6, but they have been selling TG this month at around rm4 only, what is the rationale behind it?

EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 1,200,000 shares on 08-Jul-2021.

EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 1,800,000 shares on 09-Jul-2021.

All glove companies stop production???

https://www.theedgemarkets.com/article/top-glove-kossan-hartalega-cb-industrial-product-tsh-serba-dinamik-hubline-and-aeon-credit

So basically myeg lost 2 big contracts:
First is the RM1.16 billion National Integrated Immigration System (NIIS) which is awarded to IRIS Berhad

https://www.theedgemarkets.com/article/niis-seen-game-changer-iris

Second is the Health Screening Services that supposed to be provided in KLIA also lose to BP Healthcare

https://www.theedgemarkets.com/content/advertise/new-stateoftheart-covid19-private-health-screening-facility-klia-bp-healthcare-provide-safe

This myeg ahhh promised that will win this tender here contract there. In the end apapun tak ada, no wonder price keeps dropping haishhh

Bursa to determine scope of special audit. Truth shall be revealed. Fraud or no fraud. Place your bets please....

https://www.theedgemarkets.com/article/bursa-determine-scope-special-audit

Suddenly the news about the CBP quiet down. The management also never give any update anymore about it. Will it ever be lifted? Waiting 1 year already

All the best to holders. I m moving on to next counter. Huat ahhh

Enter 38cents, 35cents sold 42cents, 44.5cents. Decent profit for holding 1 week.

Nice to trade but holding long term quite scary. Will only hold long term once EY and SC clear the issues.

Sold 0.445 bought in last week. Thanks Serba.

Business is bad now luckily can earn some from bursa

Pump and dump action by sydnicate???

Glove makers seek urgent meeting with MTI over EMCO impact

https://www.klsescreener.com/v2/news/view/849889/glove-makers-seek-urgent-meeting-with-mti-over-emco-impact

\With CBP ban still in place, lower ASP coming in, lower quantity due to EMCO, increased competition from China and Thailand can TG maintain rm2billion profit next quarter?

Anyone can share their thoughts?

Serba Dinamik appoints Ernst & Young as independent reviewer under directive of Bursa Malaysia

Good news indeed

https://www.theedgemarkets.com/article/serba-dinamik-appoints-ernst-young-independent-reviewer-under-directive-bursa-malaysia

Maybank says best is over for glove sector as ASP peaks

https://www.theedgemarkets.com/article/maybank-says-best-over-glove-sector-asp-peaks

https://www.theedgemarkets.com/article/serba-dinamik-appoints-ernst-young-independent-reviewer-under-directive-bursa-malaysia

Serba Dinamik appoints Ernst & Young as independent reviewer under directive of Bursa Malaysia

@Investoz88 of course the MD will know better lah. Tansri buy because of his ego.
That is why he buy back shares when it is still around rm7 plus back in Nov 2020. How about in these last few weeks i dont see the company do buy back anymore lol

If he thinks TG is cheap now at rm4 he should privatise it. Been hearing him saying the CBP will be resolved since last year lol

Even TG own Managing Director Dato' Lee Kim Meow disposed 1million shares at 4.35 on 25 Jun 2021 cause he probably knows next quarter is going to get worse.

Why I think TG next quarter is going from bad to worse:
1. CBP ban issues is still around.
2. Major customers like EU has been experiencing drop in covid cases since Jan 2021
3. FMCO which will limit TG production (60% workforce only)

The only thing that help TG now is to resolve CBP issues asap but it seems US is reluctant to do it.
US cases has been dropping to around 10k per day only from around 200k beginning of the year so they don't need gloves as desperate as before

Who knows the business better the Managing Director of TG or you?

Told ya second round engine started.

Just look at SCIB and Kpower chart if they fly Serba will also fly. 3 counters are being played by same gang

@ChekHupCoffee all I know shorties have more bullets than Malaysian retailers hence the FAIL bursabets in 29 Jan 2021.