Highlights
KLSE: HIBISCS (5199)       HIBISCUS PETROLEUM BHD MAIN : Energy
Last Price Today's Change   Day's Range   Trading Volume
0.45   +0.02 (4.65%)  0.425 - 0.495  431,875,500
Analyze this stock with MQ Trader system

Financials


Market Cap: 715 Million

Market Cap 715 Million
NOSH 1,588 Million

Latest Audited Result:  30-Jun-2019

Latest Audited Result: 30-Jun-2019
Announcement Date 31-Oct-2019
Next Audited Result: 30-Jun-2020
Est. Ann. Date: 31-Oct-2020
Est. Ann. Due Date: 27-Dec-2020

Latest Quarter:  31-Dec-2019 [#2]

Latest Quarter: 31-Dec-2019 [#2]
Announcement Date 25-Feb-2020
Next Quarter: 31-Mar-2020
Est. Ann. Date: 27-May-2020
Est. Ann. Due Date: 30-May-2020
QoQ | YoY   215.80%  |    2.28%

Annual (Unaudited) ( EPS: 14.48, P/E: 3.11 )

Revenue | NP to SH 988,303  |  230,010
RPS | P/RPS 62.23 Cent  |  0.72
EPS | P/E | EY 14.48 Cent  |  3.11  |  32.18%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 0.78  |  0.58
YoY   12.91%
NP Margin | ROE 23.27%  |  18.57%
F.Y. | Ann. Date 30-Jun-2019  |  20-Aug-2019

T4Q Result ( EPS: 9.28, P/E: 4.85 )

Revenue | NP to SH 894,335  |  147,380
RPS | P/RPS 56.31 Cent  |  0.80
EPS | P/E | EY 9.28 Cent  |  4.85  |  20.62%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 0.81  |  0.56
QoQ | YoY   0.78%  |    -55.61%
NP Margin | ROE 16.48%  |  11.46%
F.Y. | Ann. Date 31-Dec-2019  |  25-Feb-2020

Annualized Result ( EPS: 8.50, P/E: 5.30 )

Revenue | NP to SH 862,290  |  134,952
RPS | P/RPS 54.29 Cent  |  0.83
EPS | P/E | EY 8.50 Cent  |  5.30  |  18.88%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   107.90%  |    -55.05%
NP Margin | ROE 15.65%  |  10.49%
F.Y. | Ann. Date 31-Dec-2019  |  25-Feb-2020


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Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
30-Jun-2020 25-Feb-2020 31-Dec-2019 2 431,145 129,895 67,476 67,476 - 1,286,465 - % 15.65% 5.25% 1,588,228 27.15 27.15 4.25 4.25 0.00 0.00 0.8100 0.81   315.80%   -55.05% 31-Dec-2019 0.94 3.46 22.13 1.16 4.52% 0.00% 25-Feb-2020 0.88 3.24 20.71 1.09 4.83% 0.00%
30-Jun-2020 21-Nov-2019 30-Sep-2019 1 159,299 38,644 16,228 16,228 - 1,254,700 - % 10.19% 1.29% 1,588,228 10.03 10.03 1.02 1.02 0.00 0.00 0.7900 0.79   -92.94%   -83.77% 30-Sep-2019 0.955 9.52 93.47 1.21 1.07% 0.00% 21-Nov-2019 0.915 9.12 89.55 1.16 1.12% 0.00%
30-Jun-2019 20-Aug-2019 30-Jun-2019 4 988,303 391,467 230,010 230,010 - 1,238,818 - % 23.27% 18.57% 1,588,228 62.23 62.23 14.48 14.48 0.00 0.00 0.7800 0.78   12.04%   12.91% 28-Jun-2019 1.07 1.72 7.39 1.37 13.53% 0.00% 20-Aug-2019 1.01 1.62 6.97 1.29 14.34% 0.00%
30-Jun-2019 27-May-2019 31-Mar-2019 3 751,234 299,105 205,287 205,287 - 1,207,053 - % 27.33% 17.01% 1,588,228 47.30 47.30 12.93 12.93 0.00 0.00 0.7600 0.76   36.76%   95.58% 29-Mar-2019 1.07 2.26 8.28 1.41 12.08% 0.00% 27-May-2019 1.02 2.16 7.89 1.34 12.67% 0.00%
30-Jun-2019 19-Feb-2019 31-Dec-2018 2 525,113 217,136 150,106 150,106 - 1,159,407 - % 28.59% 12.95% 1,588,228 33.06 33.06 9.45 9.45 0.00 0.00 0.7300 0.73   50.10%   587.74% 31-Dec-2018 0.84 2.54 8.89 1.15 11.25% 0.00% 19-Feb-2019 1.05 3.18 11.11 1.44 9.00% 0.00%
30-Jun-2019 27-Nov-2018 30-Sep-2018 1 359,955 165,210 100,001 100,001 - 1,111,760 - % 27.78% 8.99% 1,588,228 22.66 22.66 6.30 6.30 0.00 0.00 0.7000 0.70   -50.91%   827.31% 28-Sep-2018 1.26 5.56 20.01 1.80 5.00% 0.00% 27-Nov-2018 0.985 4.35 15.64 1.41 6.39% 0.00%
30-Jun-2018 29-Aug-2018 30-Jun-2018 4 394,344 244,467 203,712 203,712 - 1,000,584 - % 51.66% 20.36% 1,588,228 24.83 24.83 13.19 13.19 0.00 0.00 0.6300 0.63   94.08%   92.01% 29-Jun-2018 0.885 3.56 6.90 1.40 14.49% 0.00% 29-Aug-2018 1.10 4.43 8.58 1.75 11.66% 0.00%
30-Jun-2018 28-May-2018 31-Mar-2018 3 209,717 104,398 104,961 104,961 - 874,475 - % 50.05% 12.00% 1,589,956 13.19 13.20 6.87 6.61 0.00 0.00 0.5500 0.55   380.90%   7.72% 30-Mar-2018 0.82 6.22 12.42 1.49 8.05% 0.00% 28-May-2018 0.875 6.63 13.25 1.59 7.54% 0.00%
30-Jun-2018 21-Feb-2018 31-Dec-2017 2 134,297 22,829 21,826 21,826 - 765,753 - % 16.25% 2.85% 1,531,506 8.77 8.46 1.45 1.37 0.00 0.00 0.5000 0.48   102.39%   -76.00% 29-Dec-2017 0.895 10.21 62.80 1.79 1.59% 0.00% 21-Feb-2018 0.965 11.00 67.71 1.93 1.48% 0.00%
30-Jun-2018 28-Nov-2017 30-Sep-2017 1 58,236 9,722 10,784 10,784 - 753,402 - % 18.52% 1.43% 1,477,260 3.94 3.67 0.73 0.68 0.00 0.00 0.5100 0.47   -89.84%   -86.57% 29-Sep-2017 0.645 16.36 88.36 1.26 1.13% 0.00% 28-Nov-2017 0.735 18.64 100.68 1.44 0.99% 0.00%
30-Jun-2017 28-Aug-2017 30-Jun-2017 4 261,273 62,007 106,097 106,097 - 720,498 - % 40.61% 14.73% 1,412,742 18.49 16.45 7.51 6.68 0.00 0.00 0.5100 0.45   8.88%   276.95% 30-Jun-2017 0.41 2.22 5.46 0.80 18.32% 0.00% 28-Aug-2017 0.425 2.30 5.66 0.83 17.67% 0.00%
30-Jun-2017 24-May-2017 31-Mar-2017 3 186,808 34,304 97,443 97,443 - 732,230 - % 52.16% 13.31% 1,408,135 13.27 11.76 6.92 6.14 0.00 0.00 0.5200 0.46   7.13%   223.48% 31-Mar-2017 0.445 3.35 6.43 0.86 15.55% 0.00% 24-May-2017 0.44 3.32 6.36 0.85 15.73% 0.00%
30-Jun-2017 22-Feb-2017 31-Dec-2016 2 117,566 17,513 90,958 90,958 - 731,916 - % 77.37% 12.43% 1,407,531 8.35 7.40 6.54 5.73 0.00 0.00 0.5200 0.46   13.30%   157.06% 30-Dec-2016 0.41 4.91 6.34 0.79 15.76% 0.00% 22-Feb-2017 0.545 6.52 8.43 1.05 11.86% 0.00%
30-Jun-2017 25-Nov-2016 30-Sep-2016 1 54,745 7,481 80,283 80,283 - 679,213 - % 146.65% 11.82% 1,358,426 4.03 3.45 5.91 5.05 0.00 0.00 0.5000 0.43   233.89%   1,590.52% 30-Sep-2016 0.195 4.84 3.30 0.39 30.31% 0.00% 25-Nov-2016 0.30 7.44 5.08 0.60 19.70% 0.00%
30-Jun-2016 24-Aug-2016 30-Jun-2016 4 81,694 -56,321 -59,960 -59,960 - 477,557 - % -73.40% -12.56% 1,061,238 7.70 5.14 -5.66 -3.78 0.00 0.00 0.4500 0.30   24.02%   8.11% 30-Jun-2016 0.18 2.34 -3.19 0.40 -31.39% 0.00% 24-Aug-2016 0.20 2.60 -3.54 0.44 -28.25% 0.00%
30-Jun-2016 31-May-2016 31-Mar-2016 3 32,977 -79,559 -78,912 -78,912 - 470,810 - % -239.29% -16.76% 1,023,501 3.22 2.08 -7.71 -4.97 0.00 0.00 0.4600 0.30   50.50%   -354.75% 31-Mar-2016 0.195 6.05 -2.53 0.42 -39.54% 0.00% 31-May-2016 0.185 5.74 -2.40 0.40 -41.68% 0.00%
30-Jun-2016 29-Feb-2016 31-Dec-2015 2 1,200 -159,398 -159,417 -159,417 - 423,666 - % -13,284.75% -37.63% 985,271 0.12 0.08 -16.18 -10.04 0.00 0.00 0.4300 0.27   -3,456.85%   -699.68% 31-Dec-2015 0.23 188.84 -1.42 0.53 -70.35% 0.00% 29-Feb-2016 0.18 147.79 -1.11 0.42 -89.89% 0.00%
30-Jun-2016 30-Nov-2015 30-Sep-2015 1 245 4,759 4,749 4,749 - 600,893 - % 1,938.37% 0.79% 969,183 0.03 0.02 0.49 0.30 0.00 0.00 0.6200 0.38   107.28%   151.19% 30-Sep-2015 0.675 2,670.20 137.76 1.09 0.73% 0.00% 30-Nov-2015 0.235 929.63 47.96 0.38 2.09% 0.00%
30-Jun-2015 26-Aug-2015 30-Jun-2015 4 7,098 -65,874 -65,250 -65,250 - 506,739 - % -919.27% -12.88% 921,344 0.77 0.45 -7.40 -4.11 0.00 0.00 0.5500 0.32   -310.65%   -627.75% 30-Jun-2015 0.745 96.70 -10.52 1.35 -9.51% 0.00% 26-Aug-2015 0.625 81.13 -8.83 1.14 -11.33% 0.00%
30-Jun-2015 28-May-2015 31-Mar-2015 3 6,267 -31,617 -30,976 30,976 - 520,632 - % -494.27% 5.95% 897,642 0.70 0.39 -3.57 1.95 - - 0.5800 0.33   255.39%   19,956.41% 31-Mar-2015 0.765 109.57 22.17 1.32 4.51% 0.00% 28-May-2015 0.715 102.41 20.72 1.23 4.83% 0.00%
31-Dec-2014 27-Feb-2015 31-Dec-2014 2 4,550 -20,600 -19,935 -19,935 - 382,104 - % -438.13% -5.22% 694,735 0.65 0.29 -2.87 -1.26 0.00 0.00 0.5500 0.24   -114.89%   -237.52% 31-Dec-2014 0.85 129.79 -29.62 1.55 -3.38% 0.00% 27-Feb-2015 0.92 140.47 -32.06 1.67 -3.12% 0.00%
31-Dec-2014 27-Nov-2014 30-Sep-2014 1 2,171 -9,966 -9,277 -9,277 - 357,337 - % -427.31% -2.60% 626,907 0.35 0.14 -1.14 -0.58 0.00 0.00 0.5700 0.22   -3.47%   -279.79% 30-Sep-2014 1.45 418.71 -97.99 2.54 -1.02% 0.00% 27-Nov-2014 1.06 306.09 -71.63 1.86 -1.40% 0.00%
31-Dec-2014 26-Aug-2014 30-Jun-2014 2 8,488 -9,938 -8,966 -8,966 - 357,572 - % -105.63% -2.51% 533,690 1.59 0.53 -1.68 -0.56 0.00 0.00 0.6700 0.23   -5,647.44%   8.91% 30-Jun-2014 1.61 101.23 -95.83 2.40 -1.04% 0.00% 26-Aug-2014 1.55 97.46 -92.26 2.31 -1.08% 0.00%
31-Dec-2014 26-May-2014 31-Mar-2014 1 5,980 -146 -156 -156 - 369,199 - % -2.61% -0.04% 520,000 1.15 0.38 -0.03 -0.01 0.00 0.00 0.7100 0.23   -101.08%   -106.61% 31-Mar-2014 1.88 163.48 -6,266.67 2.65 -0.02% 0.00% 26-May-2014 1.62 140.87 -5,400.00 2.28 -0.02% 0.00%
31-Dec-2013 24-Feb-2014 31-Dec-2013 4 15,657 13,405 14,496 14,496 - 338,112 - % 92.58% 4.29% 463,167 3.38 0.99 3.17 0.91 0.00 0.00 0.7300 0.21   180.93%   321.04% 31-Dec-2013 1.75 51.77 55.92 2.40 1.79% 0.00% 24-Feb-2014 2.11 62.42 67.42 2.89 1.48% 0.00%
31-Mar-2014 20-Nov-2013 30-Sep-2013 3 8,877 5,190 5,160 5,160 - 270,870 - % 58.13% 1.90% 451,451 1.97 0.56 1.16 0.32 0.00 0.00 0.6000 0.17   152.42%   227.19% 30-Sep-2013 1.86 94.59 162.73 3.10 0.61% 0.00% 20-Nov-2013 1.95 99.17 170.61 3.25 0.59% 0.00%
31-Mar-2014 21-Aug-2013 30-Jun-2013 1 3,520 -10,133 -9,843 -9,843 - 239,424 - % -279.63% -4.11% 443,378 0.79 0.22 -2.22 -0.62 0.00 0.00 0.5400 0.15   -516.90%   -725.06% 28-Jun-2013 1.44 181.38 -64.86 2.67 -1.54% 0.00% 21-Aug-2013 1.50 188.94 -67.57 2.78 -1.48% 0.00%
31-Mar-2013 23-May-2013 31-Mar-2013 1 2,313 2,675 2,361 2,361 - 319,146 - % 102.08% 0.74% 437,187 0.53 0.15 0.54 0.15 0.00 0.00 0.7300 0.20   136.00%   148.34% 29-Mar-2013 1.49 281.63 275.90 2.04 0.36% 0.00% 23-May-2013 1.53 289.19 283.31 2.10 0.35% 0.00%
31-Mar-2013 25-Feb-2013 31-Dec-2012 3 6,203 -6,605 -6,558 -6,558 - 236,088 - % -105.72% -2.78% 437,200 1.42 0.39 -1.50 -0.41 0.00 0.00 0.5400 0.15   -61.65%   -56.97% 31-Dec-2012 1.41 99.38 -94.00 2.61 -1.06% 0.00% 25-Feb-2013 1.49 105.02 -99.33 2.76 -1.01% 0.00%
31-Mar-2013 23-Nov-2012 30-Sep-2012 2 3,869 -4,093 -4,057 -4,057 - 233,061 - % -104.86% -1.74% 431,595 0.90 0.24 -0.94 -0.26 0.00 0.00 0.5400 0.15   -240.07%   -218.45% 28-Sep-2012 1.76 196.33 -187.23 3.26 -0.53% 0.00% 23-Nov-2012 1.57 175.14 -167.02 2.91 -0.60% 0.00%
31-Mar-2013 27-Aug-2012 30-Jun-2012 1 1,999 -1,209 -1,193 -1,193 - 242,860 - % -59.68% -0.49% 426,071 0.47 0.13 0.28 -0.08 0.00 0.00 0.5700 0.15   75.57%   -84.96% 29-Jun-2012 1.51 321.84 -539.29 2.65 -0.19% 0.00% 27-Aug-2012 1.70 362.34 -607.14 2.98 -0.16% 0.00%
31-Mar-2012 30-May-2012 31-Mar-2012 4 7,961 -4,358 -4,884 -4,884 - 9,116,800 - % -61.35% -0.05% 16,280,000 0.05 0.50 -0.03 -0.31 0.00 0.00 0.5600 5.74   -16.90%   -309.05% 30-Mar-2012 1.65 3,374.20 -5,500.00 2.95 -0.02% 0.00% 30-May-2012 1.49 3,047.00 -4,966.67 2.66 -0.02% 0.00%
31-Mar-2012 31-Dec-2011 3 4,788 -3,832 -4,178 -4,178 - - - % -87.26% - % 267,820 1.79 0.30 -1.56 -0.26 0.00 0.00 - -   -227.94%   - % 30-Dec-2011 0.94 52.58 -60.26 0.00 -1.66% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
31-Mar-2012 02-Feb-2012 30-Sep-2011 2 2,292 -1,177 -1,274 -1,274 - 7,261,800 - % -55.58% -0.02% 12,740,000 0.02 0.14 -0.01 -0.08 0.00 0.00 0.5700 4.57   -97.52%   -9,700.00% 30-Sep-2011 0.55 3,057.16 -5,500.00 0.96 -0.02% 0.00% 02-Feb-2012 1.55 8,615.62 -15,500.00 2.72 -0.01% 0.00%
31-Mar-2012 30-Jun-2011 1 93 -645 -645 -645 - - - % -693.55% - % 52,439 0.18 0.01 1.23 -0.04 0.00 0.00 - -   45.98%   - % 0.00 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
31-Mar-2011 31-Mar-2011 4 15 -1,194 -1,194 -1,194 - - - % -7,960.00% - % 20 74.99 0.00 -5,969.00 -0.08 0.00 0.00 - -   -9,084.62%   - % 0.00 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
31-Mar-2011 30-Sep-2010 2 0 -13 -13 -13 - - - % 0.00% - % 20 - - -62.50 0.00 0.00 0.00 - -   - %   - % 0.00 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%

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 Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


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  50 people like this.
 
Baby Shark Dis wants come d la..
03/04/2020 4:17 PM
KAQ4468 ini hari kasi closing cantekkkk punya
03/04/2020 4:17 PM
signalmw Ini kali ya
03/04/2020 4:19 PM
KAQ4468 apa lagi mau ????


mau 5 kupang la


kikikikik
03/04/2020 4:20 PM
beachboy ok. 455 end game for today
03/04/2020 4:46 PM
beachboy opps 450 pulak.. ok... so next week 0.5?
03/04/2020 4:51 PM
KAQ4468 dia bagi 45 cents saja


tak pa , 50 cents postpone pi next week
03/04/2020 4:52 PM
astalavista Monday pecah langit..collect 2nd round dah
03/04/2020 4:59 PM
pengyou Apa sudah jadi supermx2?

supermx2 Many monkeys got burnt today..lol...

More to come...0.20 coming!
03/04/2020 11:22 AM
03/04/2020 5:02 PM
Mabel Wah so nice..

Everyday Hibi is climbing the corporate ladder...

Meow Meow Meow
03/04/2020 5:19 PM
KAQ4468 Bunga kebangsaan bunga raya

Beli bunga raya pasti kaya raya
03/04/2020 5:21 PM
KAQ4468 Wakakakaka


No IDSS no short selling ....kita bermaharaja Lela
03/04/2020 5:23 PM
Mabel Meow KAQ

I call my Hibiscus, Panglima after Panglima Enrique of Malacca

All my Battleships are name after the Ships in Pirates of the Caribbean. It was said that Panglima Enrique is the character portray by Jack Sparrow in the Pirates of the Caribbean..

https://en.wikipedia.org/wiki/Enrique_of_Malacca

Meow...
03/04/2020 6:17 PM
Mabel @KAQ4468 Wakakakaka

No IDSS no short selling ....kita bermaharaja Lela
03/04/2020 5:23 PM

IDSS sometimes is good to have them around especially when you are still collecting...

It has been a good week..

Meow..
03/04/2020 6:19 PM
tkl88 Wow, Amazing, Oil price continue to spike up !
As at ‪6.37pm,‬
Nymex => $26.52 ‪(+1.20) (+4.74%)‬
Brent => $32.77 ‪(+2.83) (+9.45%)‬
03/04/2020 6:38 PM
paulthesotong Ripley believe or not... your ron95 1.30/l whreas my mineral water 1.50/l ....make no sen!!!
03/04/2020 8:22 PM
DreamKentut Post removed. Why?
03/04/2020 8:28 PM
char1234 oil price is up ......maybe hit bottom already.
03/04/2020 8:30 PM
char1234 demand still weak .... l
03/04/2020 8:31 PM
beachboy 34 usd per barrel... Reduce the output to suit the demand... So Monday hibi open straight 0.6
03/04/2020 8:46 PM
Cakes Moon Hold hibiscus tight tight, u cant be wrong next week.
03/04/2020 8:50 PM
ivanlau sell on news........ it is time for sell......
03/04/2020 9:07 PM
apple168 Bullish signal! Bull! Bull! Bull!
WTI => $27.72 (+10%)
Brent => $34.42 ‪(+15%)
03/04/2020 9:16 PM
Money122 Limit up on next Monday
03/04/2020 9:17 PM
apple168 Will Hibiscus repeat frontken, multi-bagger gain for all of you? Hmm...
03/04/2020 9:20 PM
up88up How was frontken last time?
03/04/2020 9:24 PM
Sarara are thr any official news update to support?
03/04/2020 9:49 PM
Nepo https://www.enanyang.my/?p=1385951
US shale oil producer bankrupt..
03/04/2020 10:00 PM
tkl88 Walaoeh, Unbelievable !
Oil price spike up like mad !
As at 11.10pm,
Nymex => $27.19 ‪ (+1.87) (+7.39%‬)
Brent => $33.71 (‪+3.77) (+12.59%‬)
03/04/2020 11:13 PM
LeeHoMah Actually it’s a chain reaction of this pandemic. Oil production already cut on end of last year to early of this year but it didn’t help with the oil price. No country will willing to cut oil production in current economy situation (economy wise or the costing of restart drilling will be a huge amount). demand will still eventually become lower in these few month due to the economy cause by pandemic ( airplane can’t fly , business close shop , factory close and etc) less using of oil. Many country had already facing huge unemployment(US already around 10mil ppl). So this chain reaction will continue to worsen until the pandemic curve flatten. But for short term gain it’s quite nice, I already exit today. For newbie actually don’t be sad, Maby some will regret didn’t buy as it’s almost 100% gain. But think of yourself will u all in when hibi goes to 0.25? Up down 5 cents is 1x%, can u manage if it goes lower? Or if u really manage to buy little bit on 0.25 and u know the situation of oil price will get better and when price goes up u will still buy more and more, then the average price will still goes up too. My advice is Just grab the second chance(if there is) and accumulate averagely using ur “spare cash” and wait for few years and confirm u can see hibi bring u few hundred percent when oil price goes up. For mean time just read more article or news regarding oil price and follow up pandemic daily update. I know someone that make fortune just trading hibi. Chill and u will get your turn , oil price will still goes up and down in the future but u have to understand how oil price works and how they maintain/manipulate oil price. Above is just my 2cents posting.
03/04/2020 11:36 PM
tkl88 Oil surges 13% on reports that OPEC and allies are working on a deal to cut production amid the coronavirus pandemic
Carmen Reinicke
Apr. 3, 2020, 10:27 AM

https://www.google.com.my/amp/s/markets.businessinsider.com/amp/news/oil-price-surges-report-opec-meeting-production-cuts-coronavirus-pandemic-2020-4-1029063327

* Oil prices surged Friday, continuing gains from the best day on record Thursday. 
* US West Texas Intermediate crude surged as much as 13% to $28.56 per barrel Friday, while Brent crude jumped 17% to $34.91 per barrel at its intraday highs.
* A Reuters report that OPEC and its allies will meet Monday to discuss a production cut amid the coronavirus pandemic fueled the gains. 
* Watch oil trade live on Markets Insider.
* Read more on Business Insider.

Oil climbed on Friday, extending gains from the best day on record Thursday, after OPEC and its allies said they will meet Monday to discuss a production cut amid the coronavirus pandemic, according to a Reuters.
US West Texas Intermediate crude surged as much as 13% to $28.56 per barrel after gaining 25% Thursday. International benchmark Brent crude jumped 17% to $34.91 per barrel at its Friday intraday highs, continuing the previous day's 21% gain. 
The cut could be around 10% of global supply, Reuters reported Monday, citing an OPEC source. The meeting to discuss a potential deal to curb production came after President Donald Trump told CNBC Thursday he expected Saudi Arabia and Russia to announce a deal to drastically cut oil production.
03/04/2020 11:42 PM
DreamKentut Post removed. Why?
04/04/2020 12:07 AM
Yippy68 well said
04/04/2020 1:58 AM
astalavista https://oilprice.com/Energy/Oil-Prices/OPEC-Discuss-10-Million-Bpd-Cut-Involving-Other-Producers.html
04/04/2020 2:03 AM
LeeHoMah Just remember the current oil price crash is bcos world consumption/demand gone. if 10-15mbpd really happen(but hard to happen), it will help for a short time. U think the first us shale company that declare bankruptcy is due to the 10days oil price crash? Focus on the pandemic curve,vaccine or medicine that cure this disease . Trade wise and don’t gamble in stock, u won’t be as fast as trum’s boys that can position and push the oil price up 10min before he tweet
04/04/2020 3:29 AM
Kancil4848 Oil price will climb so fast and hold tight to hibiscs
04/04/2020 6:13 AM
Kancil4848 OIL JUMP 32%
HOLD TIGHT TO HIBISCS
04/04/2020 6:22 AM
tkl88 Superb, Oil Price closed at new record high !‬
Nymex => $28.97 ‪(+3.65) (+14.42%)‬
Brent => $34.83 ‪(+4.89) (+16.33%)‬

‪Next week definitely will break the USD $40 per barrel !‬
Huat ah ! Heng ah ! Ong ah !
04/04/2020 6:29 AM
BlackWhite Hard to see why russia n Arabia will cut when US will not cut. Honest the world became up side down due to Trump flamboyant style. First trade wall n now. Tuesday will back to normal??Many meetings people go only to show face
04/04/2020 9:18 AM
Leong1982 Russian President Vladimir Putin told the country’s top oil executives that oil producing countries should join together to slash output to reverse the collapse in world oil prices.

Putin said global cuts of a little above or below 10 million barrels a day are possible, according to televised comments Friday. He echoed a Tweet by U.S. President Donald Trump saying Russia and Saudi Arabia were ready to cut output that sent Brent oil prices up as much as 47%.
04/04/2020 9:53 AM
AAAwell The OPEC Meeting Could Send Oil Prices Crashing Below $10
04/04/2020 10:20 AM
vivabursa Most oil producing countries need money to fight covid 19. Pushing up the oil price is the immediate solution.
04/04/2020 10:25 AM
Kancil4848 The great TRUMP will help us shale from death
Indirect big cut from us firm
USD 50 APPEAR IN FRONTS YOUR EYE SOON
YOU GOT NO TIME TO BLINKS
GONE GONE GONE OPPORTUNITY
PENTA GREATEC MASTER FRONTKN
IN BLINKS OF EYE THEY SHOOT UP
YOU JUST SHAKE YOUR HEAD
04/04/2020 10:38 AM
beachboy OK. 4th wave on Monday. 0.55 open is possible
04/04/2020 10:42 AM
gsi723 no demand... so fair value is $30
04/04/2020 10:59 AM
Investor48 No venture no again..
Monday God of fortune is coming here..

Hehe...
04/04/2020 11:01 AM
laychee 40% gain in less than 48 hours.

It's like a chase over toilet papers now.

Traders nowadays cash rich but don't know what to buy.
04/04/2020 11:17 AM
Fc78020 hahaha... all so hyped up over trump tweet thats not materialised yet. im with AAAwell, lets see how the market reacts after the OPEC meeting.
04/04/2020 11:58 AM
AAAwell Supposed to have the meeting on Friday. And no official news yet. The latest news was The OPEC Meeting Could Send Oil Prices Crashing Below $10... So beware
04/04/2020 12:20 PM
RedEagle WASHINGTON (Reuters) - It is illegal for oil producers to meet to discuss pushing up oil prices under U.S. antitrust law, but perfectly legal if state regulators or the federal government set lower production levels for them, U.S. antitrust experts said on Friday.
That said, the decision by a Texas state official to talk with Saudi Arabia and Russia about supporting oil prices marks a sharp contrast with U.S. policy. A year ago President Donald Trump tweeted that OPEC needed to "increase the flow of oil. World Markets are fragile, price of Oil getting too high."
A two-thirds drop in oil prices in the last three months has swiftly changed Washington's thinking on whether or not it should meddle in the energy market.
Trump has called on top producers to stop a market rout caused by the coronavirus pandemic, as OPEC and its allies work on a deal for an unprecedented oil production cut equivalent to around 10% of global supply.
"Trump himself, other federal officials, and Congress cannot violate antitrust (law) by any official actions they take. It doesn't apply to them," said Chris Sagers, who teaches antitrust at the Cleveland-Marshall College of Law.  
When oil prices are high, anti-OPEC bills, nicknamed NOPEC, gained traction in Congress. The bills would allow OPEC to be sued in U.S. courts for violating antitrust laws.
Such bills have been introduced in the U.S. Senate and House of Representatives for more than a decade, but have never succeeded. In February 2019, the latest version was approved by the House Judiciary Committee.
"From an antitrust perspective, businesses have been complaining about OPEC and complaining about these foreign systems for years," said Barbara Sicalides, an antitrust expert at Pepper Hamilton LLP. "I don't think it's an antitrust violation. It's certainly a change in policy."
Oil prices have fallen to around $20 per barrel from nearly $65 at the start of the year as more than 3 billion people went into a lockdown, reducing global oil demand by as much as a third.
Texas regulator Ryan Sitton, one of three members of the Texas Railroad Commission, waded into oil diplomacy on Thursday, calling Russia's energy minister to discuss possible oil production curbs and angling for talks with Saudi Arabia as many producers in the U.S. state's biggest industry warned it was near collapse.
The Oklahoma Energy Producers Alliance has urged its state's regulator to curtail crude oil production.
This kind of conduct in private industry would not be permitted, but under the state action doctrine it is allowed if it is done under the commission's authority, said Sicalides.
04/04/2020 12:30 PM