Koon Yew Yin's Blog

Hibiscus price is up-trend - Koon Yew Yin

Koon Yew Yin
Publish date: Thu, 01 Sep 2022, 05:58 PM
Koon Yew Yin
0 1,414
An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.

All materials published here are prepared by Mr. Koon Yew Yin

Below are 2 Hibiscus price charts to show that despite its 5 sen drop this morning, it is still moving up trend.

The first chart is the 3 months price chart.

The second chart is the 20 day and 50 day moving average price chart.

The blue line is the 50 day moving average and the red line is the 20 day moving average. The blue line crossed the red line on 11 August when the share price was trading at 83 sen.

All expert chartists can tell you that when the blue line crosses the red line it means that it is moving up trend.


Hibiscus reported record profit on 24 August.

Hibiscus Petroleum Financial Year 2022 Results Fueled by Contribution from Recently Acquired Assets and High Oil Prices

  • Full year EBITDA increases nearly three times to RM1.1 billion as compared to FY2021 
  • Almost six-fold increase in full year PAT of RM613.1 million as compared to FY2021
  • Target met for FY2022 with total sales of 4.6 MMboe of oil, condensate and gas
  • Sales target of approximately 7.2 to 7.5 MMboe of oil, condensate and gas for FY2023

All investors should note that Hibiscus share price is moving up-trend. Moreover, it has excellent profit growth prospect.

My sole intention for writing this piece for your information. Whether you buy or sell does not matter because the average daily traded volume is tens of million shares.


Related Stocks
More articles on Koon Yew Yin's Blog
Eversendai Corporation made a remarkable comeback in FY2023 - Koon Yew Yin

Created by Koon Yew Yin | Apr 22, 2024

Eversendai Corporation Berhad made a remarkable comeback in FY2023, reporting strong profit growth. Here are the key highlights from their financial performance:

Sendai price trend reversal - Koon Yew Yin

Created by Koon Yew Yin | Apr 22, 2024

Sendai price chart below is showing its price trend reversal. It is hitting a record high.

How can KSL double its profit? - Koon Yew Yin

Created by Koon Yew Yin | Apr 18, 2024

After the stock closed yesterday, KSL announced its 4th quarter EPS which is 40.76 sen and its net tangible asset (NTA) backing of Rm 3.65. Its profit increased by 230% more than last year.

Why Sabah will leave Malaysia - Koon Yew Yin

Created by Koon Yew Yin | Mar 29, 2024

Currently Sabah Government does not know that solar panel produces the cheapest electricity???

Malaysia can be one of the richest nations in the world - Koon Yew Yin

Created by Koon Yew Yin | Mar 23, 2024

During my life time I saw every Prime Minister being replaced by another politician for one reason or another. Dr Mahathir managed to stay the longest time of 22 years.

Property Developers comparison - Koon Yew Yin

Created by Koon Yew Yin | Mar 04, 2024

All property developers have just announced their annual profit for 2023. All of them reported increased profit.

My contribution as an Engineer - Koon Yew Yin

Created by Koon Yew Yin | Mar 04, 2024

Although my writing of this article sounds boastful but I feel that it is important to keep this record for posterity. Engineers play a pivotal role in shaping our modern world.

What can KSL can do to benefit shareholder? - Koon Yew Yin

Created by Koon Yew Yin | Mar 01, 2024

What can KSL do to benefit shareholders? I hope all the shareholders will read this article so that they can attend the coming annual general meeting to vote out those directors who are seeking re...

All Investors require Anticipation - Koon Yew Yin

Created by Koon Yew Yin | Feb 29, 2024

After the stock market closed, KSL announced its 4th quarter ending Dec 2023 EPS of 12.74 sen. The total is 40.76 sen for 4 quarters. Its total EPS for 4 quarter ending 2020 was only 17.8 sen.

Property developers share prices comparison based on latest EPS - Koon Yew Yin

Created by Koon Yew Yin | Feb 29, 2024

KSL is the cheapest in terms of PE ratio. KSL Holdings Bhd is a holding company. It is engaged in real estate services.

Discussions
Be the first to like this. Showing 5 of 5 comments

emsvsi

Dear Koon,

Does this mean you are selling Hibiscus

2022-09-02 17:49

Tobby

Yesterday said hopeless stock, today say on the uptrend! Next day say Hibiscus is an erotic stock! Remind me of the old senile five foot fortune teller foretold my future in 5 different version within 30 minutes! Well, at least out of 5, he got 1 correct!

2022-09-02 22:27

ben0303

Copycat of Tun Mahathir

2022-09-02 23:06

DestinyL

Sell call, run!!!

2022-09-03 22:13

abcb

MMSV (0113) had met the uncle KYY golden rule share selection criteria which the stock must have reported increasing profit for 2 quarters and it is selling at projected PE below 15

2022-09-08 14:51

Post a Comment