Posted by mayleow > Feb 17, 2019 06:30 AM | Report Abuse

positive factos as catalyst for Hibiscus to soar....at least 118
1.Oil price above usd66
2.Us market soar 444 n closed on monday
3.Sabah oil rich state politic scenerio stable as all join PH
4.consumer confidence in malaysia Biggest jump according to LGE
5.Return of GST fund to company.
6.pilitic stable

Posted by Tongkarat > Feb 17, 2019 08:16 AM | Report Abuse

Pokok bungaraya nak berbunga....

Posted by seanteoh > Feb 17, 2019 09:47 AM | Report Abuse

https://klse.i3investor.com/blogs/magnetking/193470.jsp

Posted by DickyMe > Feb 17, 2019 10:09 AM | Report Abuse

Alright, near term expectation of $66 is hit with some "news" also known as gossip without any fundamental backing Technically, Brent crude, if really have power, MAXIMUM $73 which is a sign of trapping DREAMERS. However, caution should be exercised as sudden reversal could wipe out recent rise which is what I expect. Expect this counter to drop to 70 sen soon.
https://i.postimg.cc/PrtMBR2L/Brent-Down-Trend.jpg

Posted by dexeric > Feb 17, 2019 11:15 AM | Report Abuse

@dickyme, your view on the brent oil price is meaningless. Trying to predict this commodity price has proven wrong many times, even the big financial analysts.
There are no maximum for the price. It is a silly move to put a price ceiling that are so conservative. If you are so conservative then it is better you move your interest to invest in FD and not to comment on stock market.

Posted by KLim > Feb 17, 2019 12:03 PM | Report Abuse

Agreed @ dexeric as the rise of crude oil price is affected by many international issues and even beyond the control of international hacker fund..so it is meaningless to set a target price for the upswing movement.

Posted by KLim > Feb 17, 2019 12:08 PM | Report Abuse

The increase consumption market in China,output reduction program by OPEC , sanction in Iran & Venuezulla few of the many factors will contribute uprise of crude oil prices in near future

Posted by KLim > Feb 17, 2019 12:11 PM | Report Abuse

Of course the dominant of electric car market will reduce oil consumption in future but the impact probably in next few years so why bother to consider this factor? By then I think Hibicus is in the next leval of pricing and retailers could have made tons of money from this counter

Posted by dexeric > Feb 17, 2019 12:38 PM | Report Abuse

In this year there is alot of bottleneck in production. Expect the price to be very unstable this year.

Posted by Ron90 > Feb 17, 2019 12:53 PM | Report Abuse

hovering above 70 should be ok...whose gonna be hurt when oil price high?..china or US..i think la..

Posted by CoolBull > Feb 17, 2019 01:11 PM | Report Abuse

What hurt. Nobody was hurt when Brent was 100+ in 2014. If high oil is so bad then there would have happened a global recession or something every time Brent hits 100. But that's not how it works.

High oil only means oil exporting nations gain more export revenue. Which then means that that they then have more money to buy goods from other countries, including US & China. It is Donald Trump who does not have an adequate understanding of how the global economy really works & has an exaggerated phobia about high oil.

Posted by KLim > Feb 17, 2019 01:46 PM | Report Abuse

The bottom line is fantastic profit for Hibicus as their production cost is as low as USD 18 per barrel !

Posted by DickyMe > Feb 17, 2019 02:34 PM | Report Abuse

If Trump has inadequate knowledge he would not be a Billionaire. Fossil fuel will go the way Dutch's TULIP.. Alternative energy sources are being aggressively developed. West understands the problem of being dependent on fossil fuel and the arrogance of the countries producing it. They are moving towards self reliance.Say good bye to oil.