STFUrr88

We minority shareholders are in a lurk as we are unsure the next move by the company. We can only wish with the improved pricing, extraordinary profits will provide the company with bullets for SBB or special dividend. I personally have bought too much that I can't afford to lose.

Coming qr will get a lifted boost from the Brunei asset and zero offline field. But the subsequent qr will be even better with current oil price.

1 week ago

kahhoeng

may i know how to check on the RSS information on a particular stock on bursa? thanks

1 week ago

jimmylim11

Brent $80. Downside risk very very minimal. All in.

1 week ago

Gaussian

Keep buying low lol

1 week ago

Six6thsense

Lie flat now and watch the drama.

1 week ago

Gaussian

Just buy lol

1 week ago

Titan

Nice. Gas price up. Brent price up. Hibiscus production capacity up = revenue up & profit also up

1 week ago

Gaussian

Brent going to 100 lol

1 week ago

Phoebe

Gas jumped 6% today breaking USD 4. That is very good news for hibiscus because there has been a significant gas increase in there portfolio.

1 week ago

Six6thsense

Lie flat and just watch what the market is doing

1 week ago

pang72

Whole world in red but hibiscus in green

1 week ago

pang72

So hibiscus is the leader in bursa from today.. Correct?

1 week ago

pang72

169up
735 down

Index drop 15pts

1 week ago

pang72

Technology crashing...
Oil starts to replace the tech as leader

1 week ago

STFUrr88

Market is just so bad. Hibiscus is also a victim. Expecting a gap up of minimum 5 per cent due to massive jump in pricing. But didn't match my expectation.

1 week ago

Six6thsense

Need to wash de mar. If so easy to expect then everyone become rich.

1 week ago

kahhoeng

the last time brent was above 81 is oct 07, 2024 with USD to MYR around 4.20, Hibiscus was trading above 2.30. Today, with brent hitting 81 again, USD to MYR is above 4.50 with additional 10+ million shares bought back, and 36 million cancelled. Hibiscus at 2.00 now???

1 week ago

Six6thsense

Left hand right hand transaction so don lose the ticket.

1 week ago

jimmylim11

3 million shares transacted today. Let's see how much shorts covering took place.

1 week ago

pang72

T4Q Result: ( EPS: 48.25, P/E: 4.21 )

Pe4. 2 only..
How come people wanna short hibiscus?
Your car or my car are all fossils car...
We still need oil

1 week ago

STFUrr88

Closing is at least closer to a 5 percent gain. Hopefully it's not pure covering of shorts. PE for 2025 is definitely below 4. Possibly even reaching 3.

1 week ago

Gaussian

2.4 cumming. lol

1 week ago

Gaussian

Tomorrow all
Shorties die lol

1 week ago

EngineeringProfit

Huat ar!!!! Lai lai lai.......

1 week ago

alesi

twin listing

1 week ago

Six6thsense

Target 4.0

1 week ago

jimmylim11

Surprisingly no shorts covering yesterday. Net shorts remain at 13.x million shares.

Brent still at USD80 but momentum losing ground to RM2.02

1 week ago

STFUrr88

Luckily there isn't covering yet. Still giving us ample of time to buy in till announcement if next qr

1 week ago

Six6thsense

Sell

6 days ago

wattsy

Interesting thing for me as that Gas is now at year highs and 100% higher than the beginning of the year when Hibiscus would have been evaluating the Brunei gas acquisition! 100% more and climbing .. can’t see the share price being repressed much longer.. NTA must almost be RM6 with Brunei and they’ll be in a hugely cash positive position this quarter with all maintenance done in full production mode and Brunei fully contributing. Would not surprise if their PAT for this quarter is RM250 mill+. Is Hibiscus the most hugely undervalued Bursa bargin of the year?

6 days ago

STFUrr88

Watsy, how did u come out to a PAT of 250 mill. Definitely hibiscus is the most underrated stock in bursa. Lowest PE.

6 days ago

Six6thsense

Buy

6 days ago

Phoebe

Nice!!! Before Brunei acquisitions, gas was $2.1.....now already $4.1 and climbing...

5 days ago

learner9

regardless, this counter is still sleeping.

5 days ago

Six6thsense

Prepare cash and wait for confirmed direction

5 days ago

jimmylim11

Can someone provide some analysis for the Gas sold by Hibiscus? Since it is now 49% of the portfolio, we should look more into the Gas numbers as well.

How much is expected to be sold in FYE2025? Can be either in MMscf or MMBtu.
What is the production cost for Gas? This is to know roughly the margin for profits.
Could it be that the profits from Gas is still too little in comparison to oil sold that nobody is paying attention to Gas. Didn't see any analysis in any analyst's reports.

5 days ago

STFUrr88

Previously there's a forumer named twynstar who gave detailed facts based analysis on hibiscus. Wished that twynstar can continue providing insight into the company that we can all benefit for. LNG is just too difficult to comprehend due to it's benchmark unlike oil in brent. Just that to comfort ourselves, the acquisition is done when the range of US natural gas future is around the 3.2 region. Since then it has gone up to 4. Judging from wat management provided, the Brunei asset contributes about 8k bboe. I guess at current natural gas price, the asset itself would have generated about 40-50 mill PAT per qr.

5 days ago

STFUrr88

My figures might not be very accurate, but conservatively speaking the coming qr might provide a PAT of about 140 mill. And the qr in may will definitely beat the 150 mill mark.

5 days ago

jimmylim11

STFU, I have the same exact expectations as you. This coming QR 130-140mil and next QR more than 150 mil. I also expect NTA to revalue back upwards since the USD has appreciated back to RM3.70+ . But I'm not sure how the NTA will be affected with the inclusion of Brunei assets & debt. Looking forward to the next few days to collect the dividends 3 Cents. Will not be using it for CNY but to top up more HIBISCUS. Still have to average down.

5 days ago

STFUrr88

Jimmy, hopefully the management can stun us with a better results. Make hibiscus the first company in bursa with PE less than 3 to show to the world how manipulated is our stock market. Brent above 80 for the whole year means 10.5c dividend is coming next year. I just don't see any negatives at this point of time.

5 days ago

Gaussian

Keep buying. Brent going to 100 😆

5 days ago

twynstar

For crude oil pricing, major indices were Brent crude oil and West Texas Intermediate (WTI) crude oil price.

For natural gas or LNG pricing, different regions, different index, different units ( per mmBTU, per megawatt hour)

For examples,

US : Henry Hub Natural Gas

Europe : Dutch Title Transfer Facility ( TTF) Natural Gas

UK : Heren National Balancing Point (NBP) Natural Gas

Asia : Japan Korea Marker ( JKM ) LNG price

4 days ago

twynstar

North Sabah, Kinabalu, PM3 CAA and Anasuria Hibiscus all produce oil. Meanwhile, PM3 CAA, Anasuria Hibiscus and Brunei MLJ produce gas.

The PM3 CAA gas price is linked to the price of Singapore High Sulphur Fuel Oil (HSFO). In FY23 and FY24, the PM3 CAA gas price on a US$ per boe basis was 47-48% of the Singapore HSFO price. This worked out to between US$5/MMBtu and US$6/MMBtu


Gas prices for the respective fields in the Anasuria Cluster, are as follows:
• Cook field – gas is priced at 75% of the Heren National Balancing Point (NBP) index;
• Guillemot A, Teal and Teal South fields – gas is priced at 85% of the Heren NBP index.

4 days ago

twynstar

These are summaries from Mr Raymand Yap, CGS analyst. He did a very good and detail analysis of Hibiscus, published on 02/12/2024

Hibiscus has a much greater sensitivity to oil prices compared to gas prices. North Sabah, Kinabalu, PM3 CAA and Anasuria Hibiscus all produce oil. Meanwhile, PM3 CAA’s gas output is priced against Singapore HSFO, which is closely linked to oil price.

Natural gas prices in the UK (the Heren NBP index) will determine the pricing for Anasuria Cluster’s gas output, but the Anasuria Cluster’s production of gas only accounted for 11% of its overall production in FY24, which represented just 1.1% of Hibiscus group’s total production in boe terms.

Once Brunei MLJ is consolidated into the group accounts, Hibiscus’s sensitivity to gas prices will increase, but not by much. Brunei MLJ’s production of condensate is sold at prices linked to oil, and RPS estimates that condensate will represent 15.6% of Brunei MLJ’s production in CY24F. The remaining 84.4% of Brunei MLJ’s production is gas.

A 10% portion of the gas volume is sold at a fixed price of US$0.33/MMBtu under the Brunei Domestic Gas Supply Obligation (DGSO). The remaining 90% of the gas volume is sold to BLNG at a contracted ratio to BLNG’s realised price of LNG. We believe that BLNG sells at least two-thirds of its LNG based on long-term contracts that are pegged to the Japan Crude Cocktail (JCC) price and less than one-third sold is sold at the spot Japan Korea Marker (JKM) price. Consequently, we estimate that: • 10% of Brunei MLJ’s wellhead gas is sold at a fixed domestic price;• c.60% of Brunei MLJ’s wellhead gas is ultimately linked to oil prices [90% x 2/3]; and • Only c.30% of Brunei MLJ’s wellhead gas is leveraged to spot JKM prices [90% x 1/3]. Hibiscus disclosed that the actual realised Brunei MLJ’s wellhead gas in 2023 was US$4.70/MMBtu.

Overall, we estimate that on a full-year basis, only an average of about 7% of Hibiscus’s total production on a boe basis is exposed to spot gas prices, using proforma FY25F data as if Brunei MLJ had been consolidated into Hibiscus from the start of the financial year. Without Brunei MLJ, the direct exposure to spot gas prices is only c.1%.

4 days ago

STFUrr88

Tqvm twynstar for the explanation. None of the posts here can match the information that u provide. I have always admired u in hibiscus forum just like dragon328 in ytlp forum.

4 days ago

Six6thsense

Sense 80percent pull up

4 days ago

wattsy

Thanks Twynstar - Raymond Yap certainly knows how to put a comprehensive report together - I do find though that it’s overly conservative. Sure I understand some conservatism is ok but it would also be good if they put a range perspective in quantifying and valuing upsides also. For example you can’t say that Hibiscus is going to do nothing more than what is announced todate to increase profit / production in the years ahead and then put an overly conservative DCF model on this basis and derive ur valuation from it. The business is dynamic and they are very proactive,evolving and moving forwards. Already Raymonds model is out with both exchange rates and oil prices both more favourable to hibiscus’s bottom line. I’m sure the PM3 extension will also happen and none of that including the reduction in depreciation and amortisation the significant increase in extractible reserves is valued. Can’t believe they also only forecast a profit of RM240 million for the year.. seems way off. At least they still give a target price of RM2.8 by year end. Very generous of them..

2 days ago

STFUrr88

Exactly watsy. Again and again the company has surprised us with earlier than expected acquisition. All of them has exceptional IRR. There's so many more exploration projects in the line which we can't gauge the discovery yet. Profit is definitely above the 400 mill mark and that's very conservative.

1 day ago

Six6thsense

Waiting to cut 10 yrs average

1 day ago

Sam88888

2.35

21 hours ago