Investor on the Street

HIBISCS (5199) : High Oil Price. Pitiful Share Price.

Publish date: Sat, 05 Aug 2023, 10:45 PM

HIBISCS (5199) is an Main Market company in the oil & gas(O&G) industry. HIBISCS is involved in oil & gas exploration & production. (upstream O&G).

Is HIBISCS selling at cheap price now?

1. Share price you pay is lower than Price to Book.

HIBISCS' share price is RM 0.94, whilst its net assets is about RM 1.21.

2. Best performance in FY2022.

HIBISCS' revenue hit all-time high in FY2022. Net profit hit all-time high in the same year. Share price all-time high was in May 2022 around RM 1.40. Share price could have further upside. 

3. Financial Statements.

HIBISCS usually has positive net cash from operations each quarter. HIBISCS is a net cash company with little debts. HIBISCS started giving dividends in 2021. 

4. Insider dealings.

Independent Non-Executive Director Dato' Sri Roushan Arumugam had been purchasing in the recent months.  

5. PE ratio is around 4.

HIBISCS' trailing PE ratio is rather low. Maybe it's because crude oil is cyclical & investors think crude oil prices reached cycle peaks.


I don't have HIBISCS shares. Suppose HIBISCS produces an average net profit to shareholders of 54mil./quarter, given PE ratio of 12, HIBISCS should be worth RM 1.29.

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