HIBISCUS PETROLEUM BHD

KLSE (MYR): HIBISCS (5199)

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Last Price

1.92

Today's Change

-0.04 (2.04%)

Day's Change

1.92 - 1.97

Trading Volume

3,254,100

Financial

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Last 10 FY Result
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
Revenue 1,909,580 2,446,505 2,715,734 2,344,830 1,696,521 804,781 646,504 988,303 394,344 261,273 81,694 7,098 93.51%
PBT 147,968 515,900 738,078 712,086 790,698 167,603 25,289 391,467 244,467 62,007 -56,321 -65,874 -
Tax 154,444 -127,471 -270,954 -311,568 -177,640 -63,927 -74,543 -161,457 -40,755 44,090 -3,639 624 -
NP 302,412 388,429 467,124 400,518 613,058 103,676 -49,254 230,010 203,712 106,097 -59,960 -65,250 -
-
NP to SH 302,412 388,429 467,124 400,518 613,058 103,676 -49,254 230,010 203,712 106,097 -59,960 -65,250 -
-
Tax Rate -104.38% 24.71% 36.71% 43.75% 22.47% 38.14% 294.76% 41.24% 16.67% -71.10% - - -
Total Cost 1,607,168 2,058,076 2,248,610 1,944,312 1,083,463 701,105 695,758 758,293 190,632 155,176 141,654 72,348 46.44%
-
Net Worth 2,782,348 2,782,348 3,098,498 2,696,641 2,153,288 1,473,066 1,222,936 1,238,818 1,000,584 720,498 477,557 506,739 22.26%
Dividend
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
Div 63,415 84,172 59,893 40,248 20,124 9,953 - - - - - - -
Div Payout % 20.97% 21.67% 12.82% 10.05% 3.28% 9.60% - - - - - - -
Equity
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
Net Worth 2,782,348 2,782,348 3,098,498 2,696,641 2,153,288 1,473,066 1,222,936 1,238,818 1,000,584 720,498 477,557 506,739 22.26%
NOSH 804,967 804,967 804,967 2,012,418 2,012,418 2,000,137 1,588,228 1,588,228 1,588,228 1,412,742 1,061,238 921,344 -1.48%
Ratio Analysis
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
NP Margin 15.84% 15.88% 17.20% 17.08% 36.14% 12.88% -7.62% 23.27% 51.66% 40.61% -73.40% -919.27% -
ROE 10.87% 13.96% 15.08% 14.85% 28.47% 7.04% -4.03% 18.57% 20.36% 14.73% -12.56% -12.88% -
Per Share
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
RPS 240.90 308.63 340.07 116.52 84.30 40.43 40.71 62.23 24.83 18.49 7.70 0.77 96.62%
EPS 38.16 49.00 58.22 19.90 30.52 5.91 -3.10 14.48 13.19 7.51 -5.66 -7.40 -
DPS 8.00 10.62 7.50 2.00 1.00 0.50 0.00 0.00 0.00 0.00 0.00 0.00 -
NAPS 3.51 3.51 3.88 1.34 1.07 0.74 0.77 0.78 0.63 0.51 0.45 0.55 24.21%
Adjusted Per Share Value based on latest NOSH - 804,967
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
RPS 237.22 303.93 337.37 291.29 210.76 99.98 80.31 122.78 48.99 32.46 10.15 0.88 93.55%
EPS 37.57 48.25 58.03 49.76 76.16 12.88 -6.12 28.57 25.31 13.18 -7.45 -8.11 -
DPS 7.88 10.46 7.44 5.00 2.50 1.24 0.00 0.00 0.00 0.00 0.00 0.00 -
NAPS 3.4565 3.4565 3.8492 3.35 2.675 1.83 1.5192 1.539 1.243 0.8951 0.5933 0.6295 22.26%
Price Multiplier on Financial Quarter End Date
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
Date 30/09/24 30/09/24 28/06/24 30/06/23 30/06/22 30/06/21 30/06/20 28/06/19 29/06/18 30/06/17 30/06/16 30/06/15 -
Price 2.00 2.00 2.33 0.865 1.00 0.685 0.615 1.07 0.885 0.41 0.18 0.745 -
P/RPS 0.83 0.65 0.69 0.74 1.19 1.69 1.51 1.72 3.56 2.22 2.34 96.70 -42.22%
P/EPS 5.24 4.08 3.98 4.35 3.28 13.15 -19.83 7.39 6.90 5.46 -3.19 -10.52 -
EY 19.08 24.50 25.10 23.01 30.46 7.60 -5.04 13.53 14.49 18.32 -31.39 -9.51 -
DY 4.00 5.31 3.22 2.31 1.00 0.73 0.00 0.00 0.00 0.00 0.00 0.00 -
P/NAPS 0.57 0.57 0.60 0.65 0.93 0.93 0.80 1.37 1.40 0.80 0.40 1.35 -8.60%
Price Multiplier on Announcement Date
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
Date 19/11/24 19/11/24 27/08/24 23/08/23 24/08/22 26/08/21 24/08/20 20/08/19 29/08/18 28/08/17 24/08/16 26/08/15 -
Price 1.97 1.97 2.33 0.95 0.96 0.645 0.605 1.01 1.10 0.425 0.20 0.625 -
P/RPS 0.82 0.64 0.69 0.82 1.14 1.60 1.49 1.62 4.43 2.30 2.60 81.13 -41.09%
P/EPS 5.16 4.02 3.98 4.77 3.15 12.38 -19.51 6.97 8.58 5.66 -3.54 -8.83 -
EY 19.37 24.87 25.10 20.95 31.73 8.07 -5.13 14.34 11.66 17.67 -28.25 -11.33 -
DY 4.06 5.39 3.22 2.11 1.04 0.78 0.00 0.00 0.00 0.00 0.00 0.00 -
P/NAPS 0.56 0.56 0.60 0.71 0.90 0.87 0.79 1.29 1.75 0.83 0.44 1.14 -6.87%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ ⃤ & YoY ⃤ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

Discussions
69 people like this. Showing 50 of 105,371 comments

jimmylim11

15.4 million shares. Still do not see them covering.

3 weeks ago

STFUrr88

Covering of this 15.4 million shares and perhaps another SBB of 40 million shares can push the share price above RM 3. Hopefully my dream will come true

3 weeks ago

Alextan916

Hope the management can aso purchase the shares as to show they are confident with the company. This will help a lot more.

3 weeks ago

STFUrr88

Good morning shorties, why haven't u short the stock for us?

2 weeks ago

Sangranghaeyo

They stop shorting becuz oil prices rise on US demand surge

2 weeks ago

jimmylim11

So yesterday was kind of weird. There were 12 lots shorted but also covering of 12 lots. No SBB yesterday and the price closed flat at RM2.03

2 weeks ago

xyz99

CGS just initiated coverage with RM2.81

2 weeks ago

STFUrr88

Perhaps the shorties are not dare to hold long enough. Or the shorties change hands. Anyway the stock is obviously on the upside of a cycle. RM 3 is definitely coming. RM 4 maybe?

2 weeks ago

jimmylim11

After cancelling RM78 million worths of shares, SBB continues with another RM6 million from that date.

Maybank want to talk about incurring debt? Company got worse off by buying Brunei gas deal? Company will be in huge debt to fund that deal? Here's how the company shows they've got cash and balls

Hopefully with new set of buyers from Icapital and CGS as well as existing funds topping up when they noticed this upward momentum, shorties will begin to cover

2 weeks ago

STFUrr88

Yes Jimmy. Everything is on the right track. Hopefully we can reach the TP of 4. Which is the previous high when oil is at the highest.

2 weeks ago

jimmylim11

Couldn't resist not to ride along the strong momentum. Topped up another 5k lots at RM2.09 today. Hopefully few months down the road, it will justify my decision.

2 weeks ago

STFUrr88

Well done. I entered at 2.07. do update us the shorted volume later. Tq

2 weeks ago

jimmylim11

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

This is a good analysis by Aaron Pek

2 weeks ago

jimmylim11

Today Shorties short 13 lots but SBB is 238 lots and I personally top up 5 lots hehehe. Tomorrow we will be able to see how much was covered

2 weeks ago

Six6thsense

Aiyo. I thought will press till 1.6. waste the 4 years time together and prepare more cash to get cheap chips

2 weeks ago

jimmylim11

Wow! Shorts covering seems to be picking up.

Update from yesterday's data

Shorts = 13 lots

Covering = 91 lots
SBB = 238 lots
Me = 5 lots

2 weeks ago

jimmylim11

It's more interesting to see what happens since the share cancellations

Total SBB = 4,073 mil shares
Total shorts covering = 120k shares

Total Shorts = 83k shares

Throughout the above period, the share price was moving RM1.96 to RM2.09 and now back to RM2.06/8.

Basically, the shorties are not bringing down the share price, they are overwhelmed by the SBBs and of very small volume after the Share Cancellations. We can see that the SBBs are about 25% of daily volume traded. So for 75% who are the sellers who are keep losing money/cutting loss?

2 weeks ago

STFUrr88

I'm also curious who is dumping for me and the SBB to collect. Buying momentum is still not here yet and thus it's reali hard for us to see massive gap up.

2 weeks ago

Sangranghaeyo

I always wait for the price to be lower than RM2 and buy 😊

1 week ago

jimmylim11

Quiet few days and price movement nothing exciting

Gathering some thoughts here

Negatives:

- Oil price seems to trend down, not helping
- 3 new call warrants issued HIBISCS-70, HIBISCS-71 and HIBISCS-72. HIBISCS-71 in particular has strike price of only RM1.85. This warrant is current "In the Money" but conversion rate is 4:1. With a long expiry date.
- Shorts covering not taking place yet
- Looking at the volume, doubt new players/funds taking a position in Hibiscus despite the superb valuation

Positives
-Since the shares cancellation, price has risen and sort of stabilized from RM1.96 to RM2.08
-Since Management is gungho on the production rates, expecting Q2 to be 100mil in profits, so EPS maybe around 0.13
-SBB continues with gusto. Roughly RM11 million spent
-Shorties missing in action

1 week ago

STFUrr88

C71 is reali a daring bet. By the time it reaches maturity., I'm quite sure the share price will be north of 2.5. load it up tmrw.

1 week ago

jimmylim11

Important update:

Short covering has started. Yesterday 887k lots was covered. Net Shorts now is 14,496k lots.

1 week ago

STFUrr88

But today, as usual there's heavy dumping again in the morning. SBB has to be more aggressive to counter this pressing. Totally agree with you that there's no fund house or big investor circling this counter.

1 week ago

jimmylim11

Heavy selling today despite no short sellers today. Even with RM2million SBBs today, the price still fell 4 cents.

Sometimes I wonder if Management should revise their dividend policy. They are effectively paying about 13% of net profit but have used up RM80-90 million for SBBs alone. If they announce say 20% dividend payout policy, this is definitely feasible, but I suppose, they prefer to buy out all the sellers approach

1 week ago

STFUrr88

Short term pain for long term gain. There's just too much sellers who wouldn't want to hold on to the stock. We will be the one willing to take over these holdings. Rest assured a year from now we can reap the harvest provided 20 per cent of shares are wiped out from free market

1 week ago

learner9

Today dropped again 🫠

1 week ago

STFUrr88

Today's SBB isn't heavy enough to defend the share price. Jimmy do update us the short position as usual. Tq

1 week ago

jimmylim11

There were no shorts on 12/12. Net shorts remain the same as 14,496k. Tomorrow we will be able to see if that figure changes to reflect any shorts covering.

With 700k SBB, but volume about 3mil, there are still a lot of sellers selling at a loss. At this price anything that was bought since 2022 is a loss, so the sellers must be selling at a loss.

I topped up another 5k lots at RM2.01. Just hope to get dividends on January 2025, and add on again.

1 week ago

STFUrr88

No call warrant expiring this month. Hopefully the SBB can mitigate the short selling problem by January as another round of call warrant will expire then. We have to thank those who dump for us to collect.

1 week ago

Alextan916

May I know where can see the net short seller volume?

1 week ago

wattsy

https://oilprice.com/Energy/Natural-Gas/Gas-Prices-Set-for-a-Breakout-in-2025.html

1 week ago

wattsy

Note gas prices are creeping up again and should continue to do so into the new year. Analysts and those dumping completely miss this point. Hibiscus is cash rich and will keep buying shares and will also make great money, especially after Q1 when the full capacity of the gas asset which is Brunei is realised into the financials. Adding to my position also, even though I'm down overall

1 week ago

jimmylim11

Alextan it can be seen usually the next morning on bursa malaysia website. Go to market statistics - securities. Then find the net short sellers box.

1 week ago

STFUrr88

Perhaps we need to ask these ppl why they hate hibiscus so much. Please don't channel Ur hatred here. Plus according to the latest development on marigold and sunflower field, it is expected to produce 40k bbd at its peak. hibiscus is basically safeguarded with plenty of untapped resources. It might not be a dream to see a production of 100k bbd of oil and oil equivalent.

1 week ago

Sangranghaeyo

It has fallen through RM2. Time to grab some 😁

1 week ago

jimmylim11

Shorts covering 282k lots yesterday

Net shorts now 14,222k lots

1 week ago

STFUrr88

Allowing shorties to cover position at 1.99 is definitely not good for us.

1 week ago

jimmylim11

Since now we are at lows of over 2 years time frame, all shorts will make money. We can’t stop them.

What we should hope instead is for more shorts covering. That should signal the bottom is found and the more they do that, more buyers will come back. There is still rm28 mil to cover. Hopefully this may push the price up by 10 cents if not more.

What I am fearful of and disgust is if C69 at rm2.15 by may and C71 at rm1.85 by July will be out of money!! Please, let these IB lose money on these 2 if not all call warrants.

1 week ago

STFUrr88

Yes Jimmy. To issue warrant at these prices are totally a humiliating sign to the share price. We shouldn't let them win. To be frank if I could, I would have sacrifice all dividends in exchange of SBB. Just wipe out all these shares for the sake of future.

1 week ago

Alextan916

Hope the crude oil shooting up to 80 again

6 days ago

STFUrr88

Today's SBB is on the strong side. That's the only way to support the share price

6 days ago

jimmylim11

My friends

https://ir2.chartnexus.com/hibiscuspetroleum/docs/press/2024%20Hibiscus%20Investor%20Presentation%20-%20Dec%20R1.pdf

Please take some time to understand the company a little better.

Hibiscus now is almost 50:50 Oil to Gas. Gas price is creeping higher.

5 days ago

STFUrr88

There's almost negligible negatives apart from the shareholdings. Basically the current share price is low due to large holding by retailers (weak holding power), high free float shares in market. Well done management and thanks Jimmy for these slides. It's easier to read graphs n charts for better understanding

5 days ago

jimmylim11

We all know yesterday SBB was 1000 lots. Shorts covering yesterday was 238 lots.

However, there were 22 lots new shorts.

Hope to see stronger shorts covering to provide us with a signal that bottom has been found

5 days ago

STFUrr88

SBB didn't resume yesterday for unknown reason. A bit disappointed as currently volume is low and minimal SBB will provide a massive support

3 days ago

jimmylim11

125k lots shorts today, bringing down the price to RM1.96

2 days ago

Sangranghaeyo

Shorties continue to short, we continue to buy. Hibiscus will shoot back to RM2 above once they cover back their short position

2 days ago

STFUrr88

Yup. I buy for 2028. Not buying for tomorrow. A tortoise race for us to achieve our target. Slow but definitely

2 days ago

jimmylim11

Happy to see big boss Michael back to collect more

2 days ago

STFUrr88

The only bright point for yesterday. Today I've accumulated the largest single batch of stock in my life at 1.92. might not be the lowest for this share. But hopefully one of the lowest.

1 day ago

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