Highlights
KLSE : HIBISCS       HIBISCUS PETROLEUM BHD
Last Price Today's Change   Day's Range   Trading Volume
0.46   -0.005 (1.08%)  0.455 - 0.475  48,810,200
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Overview

Market Cap: 664 Million
NOSH: 1,443 Million
P/E | EY: 42.65  |  2.34%
DY | Payout %: 0.00%  |  - %
NAPS | P/NAPS: 0.4704  |  0.98
Avg Volume (4 weeks):75,604,350
4 Weeks Range:0.36 - 0.55
52 Weeks Range:0.145 - 0.55
Average Price Target: 0.44
Price Target Upside/Downside: -0.02

Headlines

Latest Headlines
09/01/2017  HIBISCS - Realising The Value
26/12/2016  What the PROBLEMS of HIBISCS?
20/12/2016  Stock With Momentum: Hibiscus Petroleum
15/12/2016  Daily technical highlights - (YONGTAI, HIBISCS)
13/12/2016  Daily Market Update - 13 Dec 2016 (HIBISCS, COMCORP)
07/12/2016  PublicInvest Research Headlines - 7 Dec 2016
06/12/2016  Stock With Momentum: Hibiscus Petroleum
28/11/2016  PublicInvest Research Headlines - 28 Nov 2016
30/10/2016  HIBISCS 短线飙升力度出乎意料强劲,对的买点倍的利润。。。
25/10/2016  Daily technical highlights - (ECONBHD, HIBISCS)
21/10/2016  Stock With Momentum: Hibiscus Petroleum
14/10/2016  Stock With Momentum: Hibiscus Petroleum
13/10/2016  Stock With Momentum: Hibiscus Petroleum
13/10/2016  M+ Online Market Pulse - Still Rangebound Ahead - 13 Oct 2016
12/10/2016  Evening Market Summary - 12 Oct 2016
11/10/2016  Evening Market Summary - 11 Oct 2016
25/08/2016  PublicInvest Research Headlines - 25 Aug 2016
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  30 people like this.
 
kakashi with all these selling pressure, hibiscus share price is consolidating.
Why I say so?
SMA25 days have moved up to 0.43, 12 days SMA had moved up to 0.475

it means the support is inching upwards from 0.40 to 0.43
20/01/2017 15:57
B4b4 Buy keep long term. Hibiscus is good investment simply because oil price is still good.
20/01/2017 15:59
kennny the overall market is very uncertain now.....all wait for next week...
20/01/2017 16:01
Teoh Boon Leong Operators cost is around 0.450 and 0.455,price hopefully won't lower than this
20/01/2017 16:11
8wpwtmt8 Today is T+3 of Tuesday's surge. Still holding on very well.
20/01/2017 16:11
B4b4 8wpwtmt8, yes sir, you are right. It will go up. Since oil is now otw up. Buy, keep ,wait long term. No worry. This stock is debt -free, with good healthy balance sheet.
20/01/2017 16:14
BabyTA later trump sing twinkle twinkle how?
20/01/2017 16:15
Franklim1989 Yap..next week will be stable if hibiscus..This week not stable because (UK problem , Trump problem , Opec problem)so going up and down...Next week is HIBISCUS theme...
20/01/2017 16:18
EasyInKlse Next week anything can happen.....
20/01/2017 16:26
B4b4 Trump has picked Rex Tillerson , a former Exxon Mobil to be the Secretary of State. Surely oil price will go up
20/01/2017 16:39
Ssmani B4b4 agreed with u.. Oil sure will up
20/01/2017 16:43
B4b4 Brilliant play by Hibiscus shareholders. Buy, KEEP, WAIT, Tp RM 1.00 mid term
20/01/2017 16:48
8wpwtmt8 Closed at RM0.46.
20/01/2017 16:50
Teoh Boon Leong 2017 is year of chicken,fong sui master says fire is the theme and favours O/G stocks,haha
20/01/2017 16:51
lee77 Heavy selling at closing price..
May be drop again on next monday..i guess
20/01/2017 17:01
Franklim1989 Nono,today or tomorrow see news of trump and opec sunday report...monday will be excited...HIBISCUS fly like BULL
20/01/2017 17:06
HeartBreakKid yes, for sure will drop like what sifu calvintaneng said. Please don't take risk with this counter if you have no confidence. Calvintaneng has already warned.
20/01/2017 17:07
Franklim1989 Today closed at 0.460 its ok...good show...next week will be stable
20/01/2017 17:07
B4b4 Yes, good show.
20/01/2017 17:32
bleuerouge yea, better than umwog
20/01/2017 17:34
8wpwtmt8 lee77 Heavy selling at closing price.
May be drop again on next Monday..I guess
20/01/2017 17:01
========================================================================
Since he/she has sold 30444,00 shares just now, he has no more shares to sell on Monday. So I think Monday will not be affected.
20/01/2017 17:43
8wpwtmt8 https://www.investing.com/news/forex-news/dollar-weakens-after-yellen-remarks-454533

Dollar weakens after Yellen remarks
20/01/2017 17:46
Calvin882 Holding quite well. It shows that most shareholders not willing to sell lower than the current price. Next week will go up from .46 onwards. Congrats to whom able to grab at the current price
20/01/2017 17:47
Franklim1989 NOW oil ptice up to 52,trump really make effect...
20/01/2017 16:32
cksam All you investors/gamblers here better stop your 'screen staring' routine. It is the main culprit for causing your emotions to roller coaster. Once you are in this emotional state you cannot differentiate whether the market is trending up or down. You are confused what state the market is in at the moment whether it is trending long term, intermediate or short term.

You people cannot tell whether a dip in thecurrent stock price is due to profit taking or the market is making a significant new low or maybe breaking new support. You people just trying to find excuses to cover your wrong judgements whether it's due to a dip in Brent price, Trump inaguration, shark selling, weather in North sea, shale oil ramping up productiom, conflict in Iraq, record oil pumpimg by Iran, new oil production from Giant Kazakhstan oilfield (see below),

http://oilprice.com/Latest-Energy-News/World-News/Kazakhstans-Giant-Oil-Field-Set-To-Open-In-2016.html


Opec cutting production, strong US dollar, increase world demand of oil due to population growth, rig count decreasing/increasing, strike in PetroBras cause supply reduction, Nigeria cutting production due to rebel attacks on pipelines, economic chaos in Venezuala halting oil production, demand in Europe is increasing sue to improving economy, vehicles are becoming more efficient i.e hybrid and electric vehicles sales are booming, oil majors are increasing investment in exploration activities due to expectations in oil price recovery over the next few years, Shell is selling oil assets globally to reduce debts, Angola replaces Nigeria as the largest oil producer in Africa in 2016 and blah blah blah.

You see the above are some of the reasons affecting the demand and supply curve of oil. I am just wondering how can you guys predict the forward price of oil using a few simple reasoning? Oil price movement is a very complex thing. Volatility can be due to many factors as above. As for the current oil price recovery from the lows of USD 40s last year it is mostly due to the 'psycholigically effect'. It seems like Saudi Arabia has been calling the shots since last year.

Whenever its oil minister says the current oil price is not reflecting the true value the price of oil then will shoot up. Whenever oil price goes for some serious dip, Saudi Arabia will always come up with some cock and bull story (Opec production cut) so as to create some support for the oil price. However the market is already sick and tired by the psychological manipulation by Saudi Arabia. It still remain to be seen how they are going to get their act together as how much each Opec members required to cut back production. See below.

Opec is expecting to cut between 1.2 to 1.4 million barrels per day from its production. But the problem is Indonesia has just been kick out of Opec recently and this means there is already a 722,000 barrels/day (Indonesia daily production) cut in Opec production. Thus this leaves roughly only about 500,000 to 700,000 barrel/day cut divided among the Opec members. So how much will this roughly 0.5 million barrels/day affects the oil price? So, not much of a cut isn't it?Minimal i would say maybe it will be a knee jerk reaction on Monday but in the medium term oil price will again move downwards to reflect its true value by the intersection of supply and demand forces.

Other factors include Opec Nov output rises to 34.06 million b/p up from 33.84 million b/d or up 220,000 per day. Iran has also been increasing its output while Libya, Nigeria and Angola gets exemption from cutting their oil production. Iraq gets upset because it is not getting an exemption. So how will this going to workout on who is going to cut how much this Sunday?

You tell me?
20/01/2017 17:58
B4b4 Nobody dare to predict oil prices. Even oil traders with many years experience and oil experts cannot say oil goes up or down. However, when Trump takes over, his moves clearly sent a message that oil industry is too important to let it fail. So, let us be patient and see how it goes. Oil stocks can only pray and hope, Trump will do a good job in creating more jobs in US
20/01/2017 18:35
lucaluca I bought more Hibiscus today at 46sen.
20/01/2017 18:44
thinkfirst They will open many Rig and give many job but when oil float at market I don't think price will go up. Hope the best. Still waiting for lower price to enter.
20/01/2017 18:51
thinkfirst https://www.energyvoice.com/oilandgas/129322/explorers-oil-bright-spot-seek-tax-breaks-spur-output/
20/01/2017 19:22
8wpwtmt8 https://www.investing.com/news/stock-market-news/top-5-things-to-know-in-the-market-on-friday-454572

Top 5 Things to Know In the Market on Friday

This weekend market participants will also be looking for any clues on the landmark agreement among major oil producers to cut production by nearly 1.8 million barrels per day.

Really there is a meeting among oil producers this Sunday.
20/01/2017 20:00
xinanfen "Royal Dutch Shell is selling many assets to cut debt...." is posted by me because there is opinion HIBI is stealing from oil giant, bukan steal from oil giant, it is Shell herself has to raise > 50 billion to buy BG group...HIBI is junior O&G production and development company...bukan pencuri mar...
20/01/2017 20:08
B4b4 Sabah Shell, concept is willing buyer willing seller
20/01/2017 20:19
8wpwtmt8 Brent Oil 55.02 +0.86

Brent oil temporary reclaim USD55 territory.
20/01/2017 20:24
pc007 Bunga Raya kasi Angpau CNY minggu depan
20/01/2017 20:35
B4b4 8wpwtmt8, yes good news starting to flow in from Trump office!
20/01/2017 20:35
Ssmani Crude oil 52.90, brent oil 55.03 now..
20/01/2017 21:08
B4b4 Another good news is Polo Resources in London SE is now at trading at 1 year high ie above 7 p
20/01/2017 21:12
kakashi What's about polo resources?
By the way.. who flinch today? Sold at 0.555?
20/01/2017 21:20
B4b4 Polo Resources , the second largest stake holder in Hibiscus.
20/01/2017 21:25
Teoh Boon Leong More good news may come when Trump speaks tonight
20/01/2017 21:45
kakashi Ooh....i have to ask a stupid question. How much polo hold in term of % n who is the largest shareholder
20/01/2017 21:49
kakashi Polo Resources Limited is a natural resources investment company focused on investing in undervalued companies and projects with strong fundamentals and attractive growth prospects. For complete details on Polo, please refer to: www.poloresources.com.
20/01/2017 22:06
kakashi 10.8%
20/01/2017 17:01
Calvin882 Look at the oil price now!!
20/01/2017 17:14
8wpwtmt8 Brent Oil 55.45 +1.29 (+2.38%)
Wow! Can it sustain?
20/01/2017 22:19
8wpwtmt8 https://www.investing.com/news/commodities-news/oil-up-1-after-china-gdp-data,-rig-count-ahead-454605

Oil up 2% after China GDP data, rig count ahead.
20/01/2017 22:54
hian949372 those sell today. heart pain
20/01/2017 23:24
Calvin882 Why heart pain? Hibiscus will not go away. Summore at discounted price now.
20/01/2017 23:45
B4b4 Good news, oil up almost 3% for Brent.
20/01/2017 23:57
B4b4 Buy, keep , wait , long term because oil price is still strong .Tp mid term RM 1.00
21/01/2017 00:01


 

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