Posted by paktua73 > 2022-10-04 09:42 |

Post removed.Why?

Posted by bullmarket1628 > 2022-10-04 09:56 |

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Posted by paktua73 > 2022-10-04 10:05 |

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Posted by NatsukoMishima > 2022-10-04 10:27 | Report Abuse

Up 5 sens drop 15 sens later ! Becareful !

Posted by paktua73 > 2022-10-04 10:29 |

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Posted by NatsukoMishima > 2022-10-04 10:32 | Report Abuse

Take profit before 11am , oil price wont sustain if USA keeps pressing down for curb inflation , USA is the biggest oil exporter !

Posted by paktua73 > 2022-10-04 10:36 |

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Posted by lordfish30 > 2022-10-04 11:44 | Report Abuse

someone mention after 11 oil price drop...hahahaha. dont confuse people... everyone knows another hike in oil price coming up

Posted by BobAxelrod6868 > 2022-10-04 11:46 |

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Posted by bullmarket1628 > 2022-10-04 15:13 |

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Posted by bullmarket1628 > 2022-10-04 15:14 | Report Abuse

Wow, Fantastics !
Now Hibiscs already traded at=>
0.88 (+0.03) (+3.5%)!

Heng ah, Ong ah, Huat ah !

Posted by ks5S > 2022-10-04 15:19 | Report Abuse

buy

Posted by ks5S > 2022-10-04 15:19 | Report Abuse

banzai

Posted by cK1973 > 2022-10-04 15:21 | Report Abuse

cantik kali ini ....

Posted by paktua73 > 2022-10-04 15:26 |

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Posted by zhangzuode > 2022-10-04 15:30 | Report Abuse

Goldman Sachs is bullish : https://www.zerohedge.com/markets/opec-taking-fed-and-goldman-buying-every-barrell-it-can-find

Posted by ks5S > 2022-10-04 15:35 | Report Abuse

buyyyyyyyyyy

Posted by ks5S > 2022-10-04 15:36 | Report Abuse

1.00 coming

Posted by ks5S > 2022-10-04 15:40 | Report Abuse

winter is coming. oil will bull

Posted by Bobii > 2022-10-04 18:01 | Report Abuse

Wow 10% share buy back! This is a very good news

Posted by derrtan > 2022-10-04 18:08 | Report Abuse

paid tax 85mil

Posted by marigold8 > 2022-10-04 18:12 | Report Abuse

and gained 120mil from LHDN.

Posted by ks5S > 2022-10-04 19:59 | Report Abuse

oil break 90. heading to, 100.

Posted by drken91 > 2022-10-04 20:57 | Report Abuse

saya ulang lagi,

beli. simpan. tidor.
March 2023 tgk balik

by then - semua org sudah habis-curse this company, instead will panic buy

esok mandi minyakkkk yeeehaaa

Posted by maps > 2022-10-04 21:14 | Report Abuse

Should limit up tomorrow

Posted by UncleFollower > 2022-10-04 22:30 | Report Abuse

Omg thank you Hibiscus well done management limit up tomorrow

Posted by izoklse > 2022-10-04 22:42 | Report Abuse

wow paid tax to sabah already. Capital reduction and share buy back 10%. Well done Hibiscus. Good job management. Now the ship can sail to north.

Posted by boss_smtrack > 2022-10-04 22:49 |

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Posted by imvu > 2022-10-05 04:48 | Report Abuse

billionaire !

Posted by bullmarket1628 > 2022-10-05 06:55 |

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Posted by bullmarket1628 > 2022-10-05 07:24 | Report Abuse

Oil prices could soon return to $100 as OPEC+ considers ‘historic’ cut, analysts say
PUBLISHED MON, OCT 3 2022 6:43 AM EDT

Lee Ying Shan @LEEYINGSHAN
Sam Meredith @SMEREDITH19

https://www.cnbc.com/amp/2022/10/03/opec-oil-prices-could-soon-return-to-100-a-barrel-analysts-say.html

KEY POINTS
* OPEC and non-OPEC producers, a group often referred to as OPEC+, will meet in Vienna, Austria on Wednesday to decide on the next phase of production policy.
* The oil cartel and its allies are considering an output cut of more than a million barrels per day, according to OPEC+ sources who spoke to Reuters.
* "The OPEC ministers are not going to come to Austria for the first time in two years to do nothing. So there's going to be a cut of some historic kind," said Dan Pickering, CIO of Pickering Energy Partners.

Posted by paktua73 > 2022-10-05 07:48 |

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Posted by NorazmiAR > 2022-10-05 07:58 | Report Abuse

"Hibiscus Petroleum Bhd* has proposed to undertake a RM800 million capital reduction to eliminate RM690.6 million in accumulated losses as of June 30, 2022. The exercise entails a reduction of the issued share capital of Hibiscus via the cancellation of the company's paid-up capital of RM966.01 million. Less the estimated expenses for the exercise of RM880,000, the remaining RM108.53 million will be credited to the retained earnings of the company, which will be used to facilitate a proposed share buy-back."

Can anyone explain what is the exercise above all about? What does it means to eliminate RM690.6 million in accumulated losses as of June 30, 2022?

Posted by bullmarket1628 > 2022-10-05 09:10 |

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Posted by bullmarket1628 > 2022-10-05 09:13 |

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Posted by imvu > 2022-10-05 09:14 | Report Abuse

limit up !

Posted by paktua73 > 2022-10-05 09:14 |

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Posted by bullmarket1628 > 2022-10-05 09:18 | Report Abuse

Wow, Fantastics !
Now Hibiscs already traded at=>
0.955 (+0.085) (+9.8 %)!

Heng ah, Ong ah, Huat ah !

Posted by paktua73 > 2022-10-05 09:34 |

Post removed.Why?

Posted by bullmarket1628 > 2022-10-05 09:34 | Report Abuse

Wow, Fabulous !
Now Hibiscs already traded at=>
0.97 (+0.10) (+11.5 %)!

Heng ah, Ong ah, Huat ah !

Posted by papaya > 2022-10-05 09:35 | Report Abuse

natsuko......dnex makan asap hibbi......kikikikikikih

Posted by bullmarket1628 > 2022-10-05 09:37 | Report Abuse

Wow, Awesome !
Now Hibiscs already traded at=>
0.98 (+0.11) (+12.6 %)!

Heng ah, Ong ah, Huat ah !

Posted by pdchs > 2022-10-05 10:06 | Report Abuse

take profit and wait to buy 0.8 level

Posted by Cuncun7 > 2022-10-05 10:25 | Report Abuse

Really cuncun lah laughing all the way to my bank, happy happy man.

Posted by VFTRADER > 2022-10-05 10:36 | Report Abuse

Old Story....

https://www.theedgemarkets.com/article/petronas-says-it-has-paid-sarawak-sst-2019

Petronas has paid RM2.95b in SST to Sarawak
Muhammed Ahmad Hamdan
/
theedgemarkets.com

September 17, 2020 18:48 pm +08


Petronas has paid RM2.95b in SST to Sarawak
-A+A
KUALA LUMPUR (Sept 17): Petroliam Nasional Bhd (Petronas) has paid Sarawak RM2.95 billion in sales tax (SST) on petroleum products.

According to Bernama, Petronas chairman Datuk Ahmad Nizam Salleh presented a cheque for RM2,956,671,407.36 to Sarawak Chief Minister Datuk Patinggi Abang Johari Tun Openg at a ceremony at Wisma Bapa Malaysia in Kuching today.

Abang Johari Tun Openg said Petronas and its subsidiaries had fully settled the payments of State sales tax on petroleum products for 2019, as assessed by the Comptroller of State Sales Tax in accordance with the provisions of the Sarawak State Sales Tax Ordinance, 1998.

He said the amount paid by Petronas and its subsidiaries was without interest and penalties as Petronas had complied with the notices issued to it.

Petronas, in a statement, said it had paid Sarawak the SST on petroleum products for last year.

“The payment represents Petronas’ full and final settlement for the SST for the year 2019 and is evidence of Petronas’ commitment towards achieving commercial resolution,” Petronas said.

According to the national oil company, the payment for this year will be made upon assessments by the Sarawak comptroller of SST.

This, it noted, is a significant milestone following Petronas’ withdrawal of the appeal against the judicial review decision and also Sarawak’s withdrawal of the civil action on the Sarawak SST.

“Petronas is committed to work with the Sarawak State government in strengthening the Sarawak oil and gas (O&G) sector towards the creation of a stable and conducive business and investment environment for future growth,” it added.

It was reported yesterday that Sarawak’s endeavour to reclaim its rights on its O&G resources will reach a milestone today with Petronas finally handing over a cheque to the State government for the SST.

The matter was announced by Abang Johari.

In May, Petronas agreed to pay the full SST, amounting to RM2 billion, to Sarawak. The figure was 5% of the petroleum products’ sales value.

In news reports, Assistant Minister in the Chief Minister’s Department (Law, State-Federal Relations and Project Monitoring) Datuk Sharifah Hasidah Sayeed Aman Ghazali said the national oil company will pay over RM2 billion — after computing penalty and interest.

Posted by nkboon94 > 2022-10-05 10:39 | Report Abuse

To NorazmiAR, improving Financial ratios is the most "noticeable" impact ~~ Of course, there are reasons behind this. Still, the public may not be informed because it may relate to the Company's plan for the future, forecast and etc.
The number of shares in the stock market may also be reduced as well.

Posted by VFTRADER > 2022-10-05 11:06 | Report Abuse

Cap reduction lead to increase in Retained Profits means can use it to increase the share cap via BI in the future.....Correct???

Posted by Windy1974 > 2022-10-05 11:09 | Report Abuse

Congrats pak tua. Make money again.
Overall happy with Hib management direction except the 1 sen dividend. Of course, Repsol acquisition still early. Hopefully will see more dividend in 2023. More dividends mean higher share price

Posted by Abidjan > 2022-10-05 11:13 | Report Abuse

Hibiscus finally has to pay RM85.7M SST tax to Sabah Govt although it does not consider oil as taxable goods. It's just a simple arrangement. If no payment, no work permits for your workers... your choice

Posted by paktua73 > 2022-10-05 11:14 |

Post removed.Why?