Now Dow Futures down 560 points. Really could not see its collapse coming.

Another banking serious collapse. Credit Suisse of Europe. Hitting all time low. Dow futures is now down 394 points.

Close at RM3.95. Next is the US PPI reading at 8.30 pm tonight and next week Thursday Jeremy Powell rate decision.

Next week Thursday morning in Malaysia, Federal Reserve says rate hikes pause, then the whole world markets will rally.

Selling pressure very great.

Does not look good in the second session. Tonight PPI data from US. Betting Federal Reserve on 22 March 2023 will keep rates unchanged.

PBBANK-C90 is issued by CIMB INVESTMENT BANK BERHAD.

Please help: I have the live matrix for PBBANK-C89 (MACQUERIE), PBBANK-C88 (KENANGA KIBB) but I could not find the live matrix for PBBANK-C90. Please help me because the price of PBBANK-C90 is only RM0.035. What I mean is mother price vs PBBANK-C90 at RM0.035.

Does anyone know the link to print LIVE MATRIX for PBBANK C-90 issued by CIMB? I mean SHARE PRICE vs CO-WARRANT price.

It could turn green in the second session (11 Oct 2022).

Heavy selling due to uncertainty of GE 15 results.

RM1.42 not RM1.24.

I all in at RM0.91. It is still a far journey. UMNO and Barisan Nasional must win by 2/3 majority. GST must pass through Dewan Rakyat. And the collection of GST must be awarded to MyEG. Like this only can go up to RM1.24.

Berasa hampa. Parlimen masih belum tiba masanya untuk dibubarkan. Saya berharap harga saham MYEG dapat bertahan, bergerak sideway.

Today red blood bath. Both Ooi Teik Bee and Koon Yew Yin cannot do anything. Ooi Teik Bee's Technical Analysis and Fundamental Analysis, even though very good; the share price of Heng Yuan will continue to fall. Koon Yew Yin's of two consecutive quarters growth also cannot help; such that people are panic selling,

Koon Yew Yin said Heng Yuan will hit all time high but it is like dumping money into the salt water sea. Eat salty fish and you can stand the salty taste,

Tomorrow global red blood bath including Heng Yuan.

The phycology calm down factor is the 3 times earning from Repsol in the 3rd and 4th quarters.

Michael Kwok Suspect a correction to near RM 1 or below. Just too fast.
=======================================================
15 Feb 2022: From 1.12 to 1.23 back down to 1.13
18 Feb 2022: From 1.14 to 1.26 back down to 1.18
The above are disappointed daily corrections.

Russia-Ukraine news: All talks, no actions. We need a war for Brent oil to beat Iran output and not the other way round.

“We are extremely bullish about the Marigold opportunity and at current oil prices, it is much more valuable than when we initially made the acquisition. The Marigold project provides us with a material, long-term growth opportunity in the UK North Sea,” he says. The group’s merger and acquisition track record has caught the attention of the investing community.
The company’s shares had risen about 40% since the start of the year, closing at RM1.18 yesterday. Market capitalisation stood at RM2.37bil.
BIMB Securities Research has a RM1.40 target price on the stock, pegged at 1.3 times

price-to-book to its FY23 forecast book value. This is fair, according to the research firm with Hibiscus in asset acquisition drive amidst foreign PSC leaving the country.
Meanwhile, AmInvestment Bank Research said based on the enterprise value (EV) for the group’s expanded 2P reserves, the stock is currently trading at US$5.86 (RM24.52) a barrel, which was an unjustified discount of 55% to its closest peer, UK-listed EnQuest and 64% of regional average. It has RM1.30 fair value on the stock. PublicInvest Research has a 12-month target price of RM1.31, while Maybank IB’s target price is RM1.70.
Maybank IB says the stock is the most leveraged O&G play to capitalise on the strong energy push given its relatively low lifting cost.“Our target price is conservatively pegged to US$10 (RM41.86)/boe of EV/2P valuation, which is undemanding vis-à-vis its peers that trade at higher multiples”. The research firm says it prefers this valuation method over others for it captures the cyclical nature of the operations and takes into account balance sheet and cashflows aspects.

Having recently “refreshed” its mission for the 2022-2026 period, Hibiscus aims to achieve a target production of 35,000 to 50,000 barrels of oil equivalent per day and maintain its proven and probable (2P) reserves at about 100 million barrels of oil equivalent by 2026. It also aims to become a net-zero emission producer by 2050.
Under its previous five-year plan covering the period of 2017-2021, Pereira describes the group has having “materially delivered” on its mission. This was to achieve production of about 20,000 barrels of oil per day and build a 2P reserves base of 100 million barrels.
In its pursuit of growth, Hibiscus intends to maintain a geographic focus in the North Sea and South-East Asia.

“We will continue to assess future growth opportunities in these area, but at these oil price levels, we will also be cognisant of the downside oil price risks,” he says, adding that the group also intends to address environmental concerns associated with its business and “this will be done in a meaningful and financially responsible manner”.
Recalling the last two years, Pereira says capital discipline and fiscal prudence enabled it to ride out the challenges of Covid-19 and the low oil price environment.
“We continued to deliver positive cashflows. Mainly, we deferred discretionary capital expenditure to preserve cash.
“We also felt it was important to keep all our team fully employed throughout the period and to pay our contractors promptly. And we did so,” he shares.
With business activities returning to normalcy, Pereira says the main priority now is to

integrate the acquired Repsol assets into the group’s day-to-day operations to maximise value. Over at the UK, a Hibiscus subsidiary project, namely the Anasuria Hibiscus’ Marigold cluster in the North Sea fields, has been identified as one of six projects to be fast-tracked for approvals by its government.
Pereira says the group is “pleasantly surprised” by the development and will be meeting the regulators there in the coming weeks to understand their expectations.

Oil prices are now on a tear, which is making analysts become more bullish on the earnings potential of oil and gas companies like Hibiscus.


Notes Maybank IB, “Oil is nearing US$100 (RM418.45). The demand-supply mismatch in the oil market is prevalent, strained by prolonged under-investment since 2014. The adverse situation will extend over the next two to three years, resulting in oil prices sustained at elevated levels.”
As a result, Maybank IB has raised earnings estimates for Hibiscus from FY22-FY24 by 36%, 35% and 28% respectively, noting that the group should be generating strong free cash flows during those financial years.
The Repsol element
In the middle of last year, Hibiscus announced that it was buying Spanish energy major Repsol Exploración SA’s upstream assets in Malaysia and Vietnam for US$212.5mil (RM889.48mil). The deal, which comprised five production-sharing contracts with Vietnam being a new market for Hibiscus, was completed late last month.

On how much Repsol’s acquisition will contribute towards Hibiscus, Pereira says that a third-party expert, RPS Energy Consultants Ltd, estimates that the total revenue contribution from the new assets would reach US$271mil (RM1.13bil) in 2022.
As for Ebitda, RPS Energy in its mid-2021 report estimates that it could be in the range of US$135mil (RM564.91mil) for the new assets. With oil prices now north of US$90 (RM376.61), further upside could be possible.
“As an operator of the newly acquired assets, we are well-positioned to build on our successful operational track record to further enhance value in 2022 and beyond,” he says. The group expects to produce about 2.5 million barrels of oil equivalent (boe) for the period between the completion and the end of FY22 from the acquired assets, on top of its production in North Sabah and the Anasuria oilfield in the United Kingdom.
Refreshed five-year mission

Hibiscus Petroleum Bhd is clearly riding nicely on tHibiscus Petroleum Bhd is clearly riding nicely on the upcycle of oil prices. On Thursday it posted a second-quarter profit that beat analysts’ expectations. And as Maybank Investment Bank (Maybank IB) Research points out, the profits have yet to take into account earnings from the recently completed acquisition of assets from Spain’s Repsol.
“Hibiscus will consolidate Repsol’s earnings from the third quarter of the financial year 2022 (Q3‘FY22). We are positive on this transaction. The deal was done at an

undemanding price and instantly lifts Hibiscus’ production by three times. It also offers Hibiscus the prospect to diversify its assets portfolio to 17% gas (versus 2% gas previously) – a crucial aspect, in its environmental, social, and governance and energy transition quest,” Maybank IB analyst Liaw Thong Jung says in a post-results report yesterday.
Hibiscus’ net profit for the Q2 of FY22 quadrupled to RM48.49mil, while earnings before interest, taxes, depreciation and amortisation or Ebitda stood at RM139.9mil. For the six-month period ended Dec 31, 2021, net profit rose to RM90.01mil, from RM22.05mil in the same period before.
The pure upstream oil and gas (O&G) player with a portfolio of assets in Malaysia, North Sea and Oceania, did not declare a dividend for the quarter.

Considering this rise in cash flows, coupled with the rising oil price and earnings contributions from Repsol, will Hibiscus declare more dividends going forward?
Hibiscus says this is a possibility.
“We paid a total dividend of 1.5 sen in respect of the financial year 2021. This dividend was declared during a period when oil prices were not as strong as they are now.
“Crude oil prices have only recently strengthened and we hope that they remain stable at these levels. If they do for an extended period of time and we provide adequately for any capital expenditure commitments for projects that we have in the pipeline, the board may consider declaring dividends of a higher quantum,” managing director Dr Kenneth Gerard Pereira tells StarBizWeek. It is interesting to note that Hibiscus profitability in the Q2 of FY22 was based on an average crude oil price of US$72 (RM301.28) to US$75 (RM313.84).

Oil price drops 0.91 to USD95.58.

Russia-Ukraine crisis LIVE Updates: Germany's Chancellor Olaf Scholz visited Ukraine on Monday and plans to visit Moscow as well in what seems to be a last-ditch attempt to avoid a feared Russian invasion that as per a US intelligence report could begin as soon as Wednesday.

Just have a feeling that the second session will spike upward.

API: Crude -2.025M Gasoline -1.138M Distillate -2.203M

Brent oil now USD90.67 down USD2.03 due to US and Iran talk. Please enlighten me. How?

I thought it is like glove, keep on up, up, up, ... Disappointed!

Next Monday, Tuesday and Wednesday (up to 3:30 am), it will go down. After 3:30 am Wednesday, it will be sell on rumours, buy on news. But this dead cat bounce won't last long. Eventually, it will fall back.

It is bursa de casino. It is gambling. Involves a lot of mental strength. No index goes up in a straight line. Likewise, no index goes down in a straight line.

To: Legend. Thank you very much for the information "Charts suggest that S&P 500 may continue through early February, says Jim Cramer". I have read through the article many-many times. I know what to do already, which is to buy SP500-HX next Monday. In early February, we are in CNY public holidays, but US markets continue to trade. It is OK that we can't do anything in Malaysia but S&P Futures keep on going down, little-by-little.

Dear Mr Calvin Tan, I am a newbie. Can you guide me step by step how to see palm oil futures. Thank you.

VS already working for Dyson.

SKP is contracted by Dyson for the manufacture of air-dryers, while VS Industries is one of Dyson’s major manufacturers in Malaysia.

Now KLSE is so bearish. Don't know what to do?

SKP is contracted by Dyson for the manufacture of air-dryers, while VS Industries is one of Dyson’s major manufacturers in Malaysia.

Now KLSE is so bearish. Don't know what to do?

Only half day show. Disappointed. Quarter results probably after market close today.

Over sold already. Please rebound. Still holding.

Formation of a "cup and handle". Sky is the limit.

Why today, market is so bad? Got to cut loss already.

Why today market is so bad? Any bad news?

Why up and not down? T + 3 already. Cuci sangat bersih already.

Adui! Cuci bersih bersih already. Those who chased up cut lost already. Tomorrow please be the same price, not up, not down.

Incorrect forecast. So fast need to cuci again.

PENSONI - Company Turnaround (TheProfessors777) - TheProfessor @ 22:19
Rival Pensonic also turn around.

OK. Cuci habis. Tomorrow (27 October 2021), it will shoot above the roof.

Today 26 October 2021 last day of cuci. Tomorrow 27 October 2021 will go up steadily.

Hopefully after the cuci tomorrow 26 November 2021, it can steadily go up.

Still got tomorrow 26 Oct 2021 to cuci. T + 3 contra players.