Posted by wallstreetrookie > 2022-11-07 09:41 | Report Abuse

Hengyuan is a garbage refinery company

Posted by HafizAjiad98 > 2022-11-07 10:11 | Report Abuse

Harga semakin naik Hibiscus ni. bagus

Posted by BeeNeutral > 2022-11-07 10:45 | Report Abuse

Looking forward to the SBB as 100M is a very good way to counter the IDSS and the management also can get cheap tickets from the IDSS

Posted by 3lephAnt > 2022-11-07 16:25 | Report Abuse

Ridiculously inflated sell queue at 1.05

Posted by rattynz > 2022-11-07 19:28 | Report Abuse

Not sure who keeps spouting that it’s only RM100million for the share buy back. It’s not. It’s 10% of all shares. Circa 200million shares.. the rebalancing of the books is a separate exercise. They have over 600 million in cash they can use for the SBB. And that Excludes the results for last quarter coming very soon and the big quarter they’ll have this quarter. With winter in the northern hemisphere, opec cuts, Russian embargoes, share buy backs, high oil and gas prices and big profits continuing its a perfect storm for Hibby

Posted by zhangzuode > 2022-11-08 08:18 | Report Abuse

Hmmm ... https://www.zerohedge.com/markets/biden-admits-truth-no-more-oil-drilling-energy-stocks-set-soar

Posted by HafizAjiad98 > 2022-11-08 09:58 | Report Abuse

Ini adalah mustahil untuk menggantikan minyak dengan tenaga hijau sepenuhnya sementara ini...

Posted by VegeBird1219 > 2022-11-08 12:15 | Report Abuse

Oil prices were little changed early on Tuesday as supply worries offset recession fears and China's commitment to its zero-COVID policy.

Brent crude rose 7 cents, or 0.1%, to US$97.99 a barrel by 0155 GMT, while U.S. West Texas Intermediate (WTI) crude rose 7 cents, or 0.1%, to $91.86 a barrel.

Both benchmarks hit their highest since August on Monday amid reports that leaders in China, the world's top crude importer, were weighing an exit from the country's strict COVID-19 restrictions.

However, Chinese health officials over the weekend reaffirmed China's commitment to its strict zero-COVID policy. Also, recent data showed the country's exports and imports unexpectedly contracted in October.

Posted by VegeBird1219 > 2022-11-08 12:15 | Report Abuse

U.S. crude oil stocks were expected to have risen by about 1.1 million barrels last week, a preliminary Reuters poll showed on Monday.

Posted by kobaytanhl > 2022-11-08 13:00 | Report Abuse

U.S. crude oil stocks were expected to have risen by about 1.1 million barrels last week, a preliminary Reuters poll showed on Monday.

Posted by kobaytanhl > 2022-11-08 13:00 | Report Abuse

The near-term fundamentals for oil remain bullish, with the focus returning to supply issues, ANZ Research analysts said.

Posted by kangedd > 2022-11-08 13:06 | Report Abuse

Sell queue will gone later

Posted by MoneyMakers > 2022-11-08 13:50 | Report Abuse

Close eyes wait rocket @ 2-3 weeks excellent QR/div & 100Mil share buyback incoming

Too undervalue @ PE only 2x

Posted by rattynz > 2022-11-08 15:11 | Report Abuse

It’s not 100 Million buy back. That’s just rebalancing of the parent Co accounts so they are then allowed to proceed with buy back. The buy back is 10% of all shares.. around RM210 mil at today’s price .. and they already have 600mill++ cash (pat) for this

Posted by MoneyMakers > 2022-11-08 16:34 | Report Abuse

Every co also apply 10% buyback during AGM - doesnt mean will execute (regardless financial ability)

More realistic expect share buyback 100Mil (part of share capital reduction)

Posted by UncleFollower > 2022-11-08 17:51 | Report Abuse

The best refuge in this market tq Hibiscus

Posted by MunChunxX > 2022-11-09 16:41 | Report Abuse

the only oil company that i can trust whole-heartedly

Posted by MunChunxX > 2022-11-09 16:42 | Report Abuse

合计此次的每股1仙股息，大红花石油在2022财年全年共派发了每股2仙股息。

另外，该公司同意向沙巴政府支付销售税，解决了早前与沙巴政府的纠纷，我们对此进展持积极态度。

值得注意的是，同意支付的8570万令吉销售税，这比原先的拖欠销售税及罚款总额9730万令吉有所折扣。

为了让2023财年从新开始，该公司决定将8570万令吉的销售税，以及1.255亿令吉的拨备，纳入在2022财年末季。

这使末季和2022财年全年的核心净利，分别调整至2.573亿令吉和3.825亿令吉。

考虑到该公司将向沙巴政府每年支付5%的销售税，我们将今明后财年盈利分别下调6%、12%和17%。

我们维持“买入”评级，但目标价从之前的1.63令吉，下调至1.54令吉。

Posted by smshahrom > 2022-11-09 17:03 | Report Abuse

so next TP is 1.54 instead of 1.63

Posted by BobAxelrod > 2022-11-10 08:27 |

Post removed.Why?

Posted by BobAxelrod > 2022-11-10 10:01 |

Post removed.Why?

Posted by HafizAjiad98 > 2022-11-10 10:02 | Report Abuse

TP RM1.56 dibagikan oleh Hong Leong Bank...

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

Mau dibawa ke Holland ke????

Posted by BobAxelrod > 2022-11-10 10:37 | Report Abuse

So, it's DAP's fault????

Posted by MoneyMakers > 2022-11-10 10:52 | Report Abuse

Temporary pressure on oil (china lockdown):

“CNN - China's Guangzhou (manufacturing hub) has locked down a third district as authorities rush to stamp out widening Covid outbreak”

Posted by HafizAjiad98 > 2022-11-11 09:45 | Report Abuse

Pembukaan sempadan semula dari China memang adalah pemangkin besar utk meningkatkan permintaan O&G. Tunggu berita baik tersebut

Posted by BobAxelrod > 2022-11-11 12:01 | Report Abuse

LOL.....Why reverse gear one??? Can stand above 1.00???

Posted by mrcrab > 2022-11-11 13:51 | Report Abuse

China trim covid quarantine time

Posted by zhangzuode > 2022-11-11 14:10 | Report Abuse

mrcrab - source please, thanks,

Posted by mrcrab > 2022-11-11 14:12 | Report Abuse

WSJ & CNBC.

Posted by GLNT > 2022-11-11 14:40 | Report Abuse

Who is placing algo to run down Hibiscus share price? Each buy up is immediately followed by sell down.

Posted by smshahrom > 2022-11-11 16:12 | Report Abuse

yup China eases covid curbs

Posted by dashengyong82 > 2022-11-11 16:58 | Report Abuse

Oil steadies on US inflation data, but set for weekly fall due to China Covid fears

Posted by dashengyong82 > 2022-11-11 16:59 | Report Abuse

Oil prices picked up on Friday after a milder than expected U.S. inflation data reinforced hopes that the Federal Reserve will slow down rate hikes, boosting chances of a soft landing for the world's biggest economy.

Prices were still set to show a decline for the week after COVID-19 cases in top oil importer China jumped, raising fears of weaker fuel demand.

Brent crude futures rose 21 cents, or 0.2%, to $93.88 a barrel at 0500 GMT, extending a 1.1% rise in the previous session.

U.S. West Texas Intermediate (WTI) crude futures gained 22 cents, or 0.3%, to $86.69 a barrel, after climbing 0.8% in the previous session.

Posted by searchingmoney > 2022-11-11 17:26 | Report Abuse

https://gnews.org/articles/517152

Posted by MoneyMakers > 2022-11-12 13:12 | Report Abuse

Midweek abit oil pressure (guangzhou lockdown) but strong rally after china loosen covid policy

2weeks till another excellent QR (hopefully xtra div)

3weeks till EU oil ban (Dec 5) + vote share capital reduction/share buyback (EGM Dec 1)

Just sit back relax & see how high Hib can rocket yr-end

Posted by searchingmoney > 2022-11-14 08:14 | Report Abuse

https://gnews.org/articles/519756

Posted by mokluhanj21 > 2022-11-14 09:52 | Report Abuse

interesting to see that Hibby is now trading at 4x FY24 Earnings only. :) [Hong Leong IB Note 10 Nov 22]
shock and awe please Dr Kenneth. declare crazy dividends and the market cannot ignore this counter anymore :P

Posted by HafizAjiad98 > 2022-11-14 10:04 | Report Abuse

Tunggu Hibiscus keluar q1 results dulu bulan ni

Posted by derrtan > 2022-11-15 12:17 | Report Abuse

The QR will not be good compared to previous Q due to short of 1 time offload and oil price average a but lower than previous Q.

Posted by HafizAjiad98 > 2022-11-16 10:29 | Report Abuse

Setuju. Saya rasa Hibiscus masih boleh menjana pendapatan kira-kira RM700 juta untuk Q1nya

Posted by BobAxelrod > 2022-11-17 10:19 |

Post removed.Why?

Posted by HafizAjiad98 > 2022-11-17 11:05 | Report Abuse

Menggerunkan

https://www.thestar.com.my/news/nation/2022/11/16/explosion-reported-along-sabah-s039wak-gas-pipeline-near-lawas-at-least-one-killed

Posted by Phoebe > 2022-11-17 12:36 | Report Abuse

Does hibiscus operate any gas in sarawak? I thought they only involved in gas after acquiring repsol asset which is the PM3 that operating in Vietnam.

Posted by smshahrom > 2022-11-17 14:38 | Report Abuse

nope, its belong to petronas

Posted by NatsukoMishima > 2022-11-20 13:08 | Report Abuse

Oil price keeps dropping
......

Posted by King_trader_shadow > 2022-11-20 14:55 | Report Abuse

Sadly, I should have exited, when it hit 1.07 that's like triple top of the downtrend.

Posted by derrtan > 2022-11-21 16:17 | Report Abuse

once trigger share buy back...should be around 1.2

Posted by BobAxelrod > 2022-11-21 18:44 | Report Abuse

It won't breach 1.10 for sure......Go figure.

Posted by MoneyMakers > 2022-11-21 22:46 | Report Abuse

“OPEC plans Dec production increase (WSJ)” - no wonder oil nonstop heavy drop