Posted by Sangranghaeyo > 2024-08-12 19:36 | Report Abuse

It might hit 2.5x after Q4 results are released 😀

Posted by Six6thsense > 2024-08-13 11:09 | Report Abuse

So many golden needle

Posted by instaRgram > 2024-08-13 14:15 | Report Abuse

Collect the flowers 🌺

Posted by Six6thsense > 2024-08-13 15:20 | Report Abuse

Test down test up test till when

Posted by instaRgram > 2024-08-14 19:19 | Report Abuse

Testing is the Bursa games. But I never test before marriage….Goods sold are not returnable :-)
Boleh testing Musangking but marriage is no testing business…

Posted by dompeilee > 2024-08-15 09:25 | Report Abuse

James_Bond

Please be informed that US trying to push away the blame of US economic recession to Middle East War! This is not due to PMX, without PMX, Malaysia would be in the worst performing market of all!

1 week ago

Please be informed that your head is leaking! 🤣 Proven amply by your call in PetDag...

Posted by Sangranghaeyo > 2024-08-15 16:29 | Report Abuse

IEA maintains 2024 oil demand forecast and trims 2025 outlook...That's interesting

https://www.thestar.com.my/business/business-news/2024/08/13/iea-maintains-2024-oil-demand-forecast-and-trims-2025-outlook

Posted by Six6thsense > 2024-08-16 09:11 | Report Abuse

The sea is always calm before the storm. Open table. Bet big or small

Posted by Sangranghaeyo > 2024-08-16 14:58 | Report Abuse

Yinson suddenly shoots up. Will Hibiscus follow ? 😃

Posted by bose00 > 2024-08-18 18:47 | Report Abuse

wait for QR released ..

Posted by James_Bond > 2024-08-19 23:00 | Report Abuse

Uncivilized lady remains as such a person who losing big in share market! Copied others buy calls and claimed her victories… sold PetDag as staying away from uncivilized lady… she indeed miserable… guess she cut big losses at PetronM, Panamy etc…

Posted by James_Bond > 2024-08-19 23:14 | Report Abuse

I had earned big from so many other counters as in my previous posts… not earning from one counter is nothing to me… only uncivilized individuals would try to defame others… smart and civilized individuals would bring others up, not drag others down!

Posted by instaRgram > 2024-08-20 11:27 | Report Abuse

Flower 🌺

Posted by xytee3006 > 2024-08-20 11:48 | Report Abuse

When is the quarter result announcement...?

Posted by Six6thsense > 2024-08-20 17:44 | Report Abuse

Very bad

Posted by Sangranghaeyo > 2 months ago | Report Abuse

Q4 will outperform Q3 for sure

Posted by instaRgram > 2 months ago | Report Abuse

👩‍🎤

Posted by instaRgram > 2 months ago | Report Abuse

i love you, <—in korea
Do you really think I love you?

Posted by Six6thsense > 2 months ago | Report Abuse

Will be very bad. Standard rule. Expect the worst hope for the best

Posted by Sangranghaeyo > 2 months ago | Report Abuse

Hibiscus Petroleum's indirect unit acquires 30% stake in Block PM327 production sharing contract. TP RM3.20 by Public Bank

https://theedgemalaysia.com/node/724056

Posted by kahhoeng > 2 months ago | Report Abuse

WTF, poor quarterly report expected shortly later? share price drops to reward a recovering oil price

Posted by Six6thsense > 2 months ago | Report Abuse

Good or bad?

Posted by kahhoeng > 2 months ago | Report Abuse

A quarterly 738 mil revenue and a net profit of 108 mil after 64 mil write-off/impairment, is that good? If yes, how come share price never response???

Posted by Followgrass > 2 months ago | Report Abuse

Thanks for off trading, closed 9 sen higher.

Posted by stockpicker888 > 2 months ago | Report Abuse

Whats with the last minute pump? LOL

Posted by kahhoeng > 2 months ago | Report Abuse

hibiscus initiating share buy back

Posted by bose00 > 2 months ago | Report Abuse

Lol Maybank tp 1.6

Posted by NESARAJAH1 > 2 months ago | Report Abuse

Price collapsing

Posted by kl_guy > 2 months ago | Report Abuse

every quater make 12sen 13sen ....4 quater around 48sen . IF you PE 10 ...hibicus should value RM4.80 and not at this price.

Posted by kahhoeng > 2 months ago | Report Abuse

guess somebody is/are really f**king pissed off by Hibiscus management to sell at this level

Posted by maps > 2 months ago | Report Abuse

Agreed. People sick of hibiscus management. They don’t defend their share price. People get burned in this stock

Posted by UncleFollower > 2 months ago | Report Abuse

Wah this one going to 52Wk low when Index is near highs

Posted by Apple4Oranges > 2 months ago | Report Abuse

Now the P/E drops to 3.62x ... Cheapest upstream O&G stock

Posted by Sangranghaeyo > 2 months ago | Report Abuse

Thanks to bank sector that push KLCI to near high

Posted by nazr690519a > 2 months ago | Report Abuse

They say MB analysts made a SELL call at TP1.60 in bad faith or under influence. Bloomberg TP is 2.98. PBank's TP is at 3.2. They claimed they also seen HLIB TP = 2.95. These TPs are close each other which we can understand why this happens. They use the same formula/equation and methods. Their numbers vary because they use difference allowances. They basically just estimate these allowances. Sometimes, their employers dictate how much.
In the end, you TP must make sense. If Jeremy Yap deduced Hibiscs TP is 1.60, then he must justify why. Because of his TP is 1.60 now (after share consolidation), Hibiscus produced higher revenue, higher earning and higher FCF then 3 years ago before share price consolidation. By back of the hand calculation, Hibiscs share price was around 0.65 - 0.75 back then before share price consolidation. Clearly, Jeremy Yap made a huge error in calculating his TP.
The problem with local analyst reports, local analysts work with investment banks. These investment banks also do stock trading, invest in stocks, warrants, ETF and etc. He is not free or impartial. His integrity is in doubt.
If you found any numbers out of certain range or clusters, you immediately know there is either something wrong with others or if there is something wrong with this fella.

Posted by Mar2083 > 2 months ago | Report Abuse

Potentially may test rm2 soon

Posted by kahhoeng > 2 months ago | Report Abuse

The concern Maybank has is the capex if I were not wrong. Hibiscus may have to borrow quite some money to pay for the Brunei asset, maintain current dividend and a USD 260 mil capex.

Posted by mf > 2 months ago | Report Abuse

Dow Jones

Dow Jones Industrial Average

41,091.42

-159.08

0.38%

Nasdaq

NASDAQ Composite

17,556.02

-198.79

1.11%

Posted by kl_guy > 2 months ago | Report Abuse

look like the IB or big boy using RSS to keep price down.

Posted by Six6thsense > 2 months ago | Report Abuse

Is this double bottom?

Posted by wattsy > 2 months ago | Report Abuse

Kahhoeng, this isn't correct. The final consideration will be significantly less as the asset effectively transferred to them 1st Jan 2023. They have been collecting profit against the final consideration for almost 21 months now. It's another great deal for hibiscus - they will end up paying circa US$160 mill and every month it's making significant profit. If Oil and Gas prices stay where they are their profit will increase another 30-40% for Q2 this FY. This includes all their Capex spend which is increasing production and opening up new production. Their stock is an absolute bargain.

Posted by kahhoeng > 2 months ago | Report Abuse

watssy, that's what I come to believe after reading Maybank's report on Hibiscus, not mine.

To me, Hibiscus's revenue wise, there'll be less FY 2025. 1st, production from existing asset will be less FY2025 at around 7.5 mboe compared to FY2024's 7.85 mboe (drop 4.5%). 2nd, exchange rate that's less favorable, 4.31-4.35 currently compared to FY2024 mostly between 4.6-4.7 (drop 7.5%) 3rd, on top of that, a lower brent/tapis oil price, 82+/- compared to FY2024's 90+/- (drop 9%) currently. Having said that, FY2024 operating cash flow from existing asset's close to RM 1 billion will be less that (at least 20%?) and profit will definitely not going to be as rosy as over 500 mil pre impairment/write-off FY2024.

Brunei acquisition depends greatly on going forward brent oil price, given it's product will be linked to brent (am I right?), on top of borrowing cost, given that Hibiscus has less than RM 300 mil free to use. But in the short-term, the newly added asset will surely be beneficial than keeping cash in bank. Long-term, all depends on how good this asset can perform long term, I guess.

FY2025 capex is 260 mil, that's more than RM 1 bil. So, I guess there's be borrowing given FY2025 operating cash flow should be lower, unless brent oil price suddenly spikes to above 90.

To assuage shareholder's concern, Hibiscus management should clarify how the money is going to come from should brent oil price is 75-80 and how it would impact its FY2025 PAT. The analyst meeting's very lousy, provides little when it could offer more.

https://www.youtube.com/watch?v=4kiiEScSk6k

Posted by kahhoeng > 2 months ago | Report Abuse

To me, as an investor, I view the share price to be too cheap and won't mind buying some if price is cheaper

Posted by Jack Khan > 2 months ago | Report Abuse

If you look at crude oild future the price have not bottom out yet. There might be a repeated 46/barrel

Posted by Six6thsense > 2 months ago | Report Abuse

Ok. In

Posted by Sangranghaeyo > 2 months ago | Report Abuse

That's not possible, Jack Khan. OPEC + won't allow oil price to drop that much

Posted by wattsy > 2 months ago | Report Abuse

Actually kahhoeng, Brunei is almost 100% gas. This is part of their pivot away from oil. Next year their production will reach 31k bOE/day from their Capex and Brunei acquisition. That's 30% more than present. They also have the ability to scale up or down Capex to suit - if the market drops they can stop spending cos when their production cost are so low (less than $20 per barrel) they can easily protect their margin. I think they've been very smart with their investments to date and I think this will start coming through over the next 6 months as these fall into place.

Posted by kahhoeng > 2 months ago | Report Abuse

I know Brunei asset is mainly gas, but price to be determined with brent from what I read. Oil below 40? Good luck to us all. I am buying oil assuming Brent will be above 75 for a while

Posted by rojakmee > 2 months ago | Report Abuse

In oil & gas , the benefit outwit the cost in acquiring new assets, just look at petronas they keep expanding since the profit generated is well above interest cost, oil price will never drop because supply is limited, I support hibiscus in acquiring new assets

Posted by hng33 > 2 months ago | Report Abuse

For now though, optimism is running high, even among sell-side strategists. Nomura Holdings Inc this week upgraded equities in both Indonesia and Malaysia citing solid macro fundamentals, while HSBC Holdings plc noted that Indonesian stocks had started commanding a bigger heft in the portfolios of Asian funds.

The ringgit and rupiah are among August’s top three gainers against the dollar in a basket of more than 20 developing-nation currencies. Fed chair Jerome Powell said this month that the time had come to cut its key policy rate, affirming expectations that US officials will begin lowering borrowing costs from September.

Exchange-rate watchers see likely further weakness in the greenback giving emerging-market currencies more wind in their sails. With foreign currency holdings at banks in Malaysia and Indonesia near a record according to data compiled by Bloomberg, more support is seen coming when exporters convert their dollars into local currencie

Remark: HIBISCUS derive USD profit, but, it's major earning contributor is from Msia operation, which paying in RM cost. Furthermore, crude oil have decrease from USD 89 to current USD 75-78, therefore, hibiscus next earning will record lower profit.