All this temporary yup and down in the oil market is normally non linear movement ... it’s the trend that you must look .. basically Brent crude is holding a support above 60 usd ..: it’s higher compare to previous quarter. oul price .. the earnings should be better .:. So why not keep till next Q..: with some corporate activity coming soon ....

If tomorrow there is no huge shake up in the price volatility , I believe by end of December it will close this year above Rm13 and form a support over there ...

Trade the warrants , invest on neither HRC.

0.810 is support and with high volume at 0.83 ... it should bring to the 0.90 cent very soon ... stay calm and invested ...

Is this record high closing ?? Moved beyond expectations ... it should trade above PETRON , then only it’s logical ...

It’s great to see the breaking of rm 12. More to come indeed ..:

Waiting for confirmation will be late. Buy on the hibiscus growth story.. let see the outcomes of central banks this week ..

10. APPLICATION TO THE RELEVANT AUTHORITIES Barring any unforeseen circumstances, the application to Bursa Securities in relation to the Proposed Free Warrants Issue is expected to be made within two (2) months from the date of this announcement. 11. ESTIMATED TIMEFRAME FOR COMPLETION Subject to the relevant approvals being obtained and barring any unforeseen circumstances, the Proposed Free Warrants Issue is expected to be completed by the first (1st) half of 2018.

On behalf of the Board of Directors of Hibiscus Petroleum, RHB Investment Bank Berhad wishes to announce that the Company proposes to undertake a proposed issue of up to 317,645,744 free warrants in Hibiscus Petroleum (“Warrants”) on the basis of one (1) new Warrant for every five (5) existing ordinary shares in Hibiscus Petroleum held on an entitlement date to be determined later (“Proposed Free Warrants Issue").

Further details of the Proposed Free Warrants Issue are set out in the attachment.

This announcement is dated 8 December 2017.

0.82 is true resistance to break .:. No worries , it shall be broken bring to 0.90 cents .. stay confidence end importantly disciplined ..

Will be rm 12 today

Looking at how US energy stocks performing, hope it will be spillover to KLSE OnG stocks too..

2018 forecast is 19.3 cents , that is PE of 5. Very conservative target for Hibiscus, net cash company even though not much but it’s a growth story Company ... very sure after next Qr the Pe will be re rate higher ..

10 cents higher than yesterday ...

Public bank research knows this is potentially higher growth Corp . It’s conservative TP is to accumulate and after they accumulate , they will revise again to higher ...

Sabah daal also will
Materialize soon, again hold with confidence

It’s a break out if 0.82 cents broken , would run to 90 cents .. expecting to run 0.90 by this week if index don’t hard fell again ....

It’s going to break 12 for sure , hold with patience ..

Bullish market stay invested ... risk taken will be paid with rewards .. conservative target price is rm 1.00 ...

Rm 12 would be next trading phase..

Saudis to slash oil exports to Asia by 100,000 Bpd

The Saudi Energy Ministry said on Monday that it cut its crude oil exports to Asia by more than 100,000 barrels per day (bpd) in January compared to December, but will keep its exports to Europe and the U.S. unchanged.

“We hope that by leading by example, our partners from OPEC and non-OPEC will do the same in order to keep conformity levels above 100 percent and accelerate the rebalancing of the market,” the energy ministry spokesman said.

As per Reuters report, Saudi Arabia’s overall global crude oil shipments will be kept at 6.9 million bpd in January,

Dec 12, 09:09 – FXStreet

Oil price can move above 100 usd anytime. If historical 4 years ago its 100 usd is achievable then that same 100usd have lesser value today:, the same condition is applied today , the price would skyrocket. Goof thing about hibiscus is they were acquiring oil fileld during bad times of oil and gas and expanding while oil and gas is flowing uptrend. That would make the opex low and revenue to grow exponentially.

Should trade above rm 12.00 very soon. It’s pefect pitch condition for HRC to win. Just be an investor,l

The next year theme will be oil and gas at least the 1H 2018. Many companies going to show turnaround and Hibiscus would be growth company among the oil and gas. Buy and accumulate in the dip. The management is very professional.

Prefer no split or whatsoever, let the price go above 20 - 30 -50, only genuine investor will hold at that price

The crack spread image is so wrong. seem like tampered from old chart and pasted. Can see there is no continuity. The oil is rising because the production cut, which eventually can cause supply choke. Oil and gas is heading to optimisation of supply (oil driller and produce) and demand (refineries, consumer). I can only foresee that this high crack spread situation will maintain. The author just want to justify his action to sell, but having to cheat by providing photoshopped image is crime. Mistaken can be forgiven but not cheating....

Market can be wrong on stocks. It can be wrong at both ends. The case of HENG YUAN its wrong for being undervalue, which in case of investors is a opportunity to buy.

"Opportunities come infrequently, when it rains gold put the bucket and not thimble"

This is the quote I remember now, and it had shut many doomsayers sceptical and hopefully they will join the ride. Congrats all investors.

Limitless, not nececassary in infinity by value. Its layman term to mean that its potential is huge. While infinity is for mathematical notations, from what I undesrtood. Lots of valuation been posted and I reasonably resonate to their price and valuation. Why do you think picking up Naseem Taleb’s opinions to justify stock winning is rather randomness and pure luck. Though I believe luck does play a role for sure. Like internet revolution, makes access to the informatio easier, so I am lucky to be a trader in this era compare to my uncle who need to wait for some friends to tell him news and use ruler to draw the charts. Don’t ask me how he draw bollinger?

If you quote me as a charlatan, I don’t mind, however that I never miss this HY and do hope that others found this gem. Base on the growth story I convince myself to hold till today despite the volatile movement. I buy stocks base on potentials and growth story, I may be wrong but to wait for perfect ratios to validate, then opportunity will be missed. Stock selections have risk. The wiillingness to hold onto the belief. Both end of less information and too much information is dangerous. But who knows where is the perfect balance to this.

Agreeable science works by invalidating or trying to falsify the theory. Science and stocks are different, Remember Newton, great scientist with failed investment.

There is many instances we believed what we read is the ultimate truth, this is what the pessimist of hengyuan is doing here. HY capability seems limitless, so the argument focusing on falsification of Heng yuan quality by using randomness, probabilities theory and ratio that does not in favor to HY. We should look forward about the company and past result as a reference . The management of HY is new, corporation of China is looking outside china to establish their presence..If the Shell refinery at PD acquired by Phillip 66 or marathon corp then I doubt the PE would be 5, will commanding higher than Petron. Its this brand perception another thing.. There is not one company in the world that makes it have the perfect ratio and trade at discount. That gem is HY and its potential multi bagger.

I hold shell refineries last time, i love the dividend and sold off after it was went to heng yuan. I sold due to the fact that its under new corporate Thus not sure of the capability. Until recent turnover with the help of crack spread, i am more than happy to joined the Hengyuan again.
Disciplined investors will be paid.

The best thing about petron is they have parred down all debt as per expected. The PE should be re-rated to above 12-15, and that will make PETRON to above rm20. Market was bad, and many shared beaten down regardless of good QR or not. Its just profit taking. I am looking forward to acquire PETRON. Wishing Dividend may be raised too with such a great profit.

Let the rebound continue.. It should cover back the lost ground.

Breakout trade can only use in forex... change strategy.

The recent sell off, is due to bad market sentiment. Don't lose sight on the earnings, trends can buckle or rise. Any decisions to be made after QR. Earnings are facts. Good luck to holders.

Typical way of funds collecting, they will give hope and depress the price to collect lower.. All the traders will be out and left with only investors. That is when they have the power to control the price. So don't throw to them, be an investor.

Why does p/bv come to the picture. Cannot simply take any ratios. PE and EV/EBITDA is ample. Anyway few more days,report will out, it will be above 1.00 EPS

Don't sell, HY, its earnings would be superb all time best maybe. Market sentiment is bad so many short term traders in and out. keep it.

Does not that, Shell refinery was trading at 10 plus. Just because its Hengyuan, its in discount price now. If they could achieve the expected earnings, PE should be re-rated and they deserve higher value.

This rally is for PETDAG good result and next will be for Petron good result and finally the explosive HY run. Its important to keep the view for bigger picture rather than day to day movement.

HEngyuann reached the double digit price as per expected after 1st Q report. all about sustainability of earnings. any trading, just do it on warrants not the mother shares. I would say a flat RM 1 EPS would bring HY to uncharted territory.

High Crude oil price, best of crack spread would be enough for HY to have solid 3Q and 4Q. I prefer to hold HY rather than Petron, cause petron have more variables to estimate the earnings compare to HY. No doubt, PETRON is still good company and its still growing, no of petrol station is growing more and more and they establishing their presence in Malaysia. But my weightage inclined to HY...Happy weekends..

It close highest on the day for consecutive 2 days. Its a bullish, and i think the ASB selling absorbed by another or a few others big funds..

This company is for the investors whom prefer multi bagger. TP, is so difficult to derive just with PE alone. put at 10, its staggering RM 16 without even adding 2Q to come. Its still a commodity,so a higher crack spread its going to make it move the share price exponentially. Would this make HRC most efficient in terms of EPS?

Its a breakout, shall look at trading above 9.00

Its about demand for refined product. Supply and demand dynamics.

http://www.chron.com/business/energy/article/Phillips-66-posts-big-gain-from-strong-refining-12311012.php

Recent pullback gave me opportunity but VS and the WA... Lets see how the QR unfold and earnings in the 2018. Bullish on this.

Fantastic sharing, everything is a new knowledge for me .. Keep it up

Crash will happens when you least expect it. Now everyone want the crash thinking they will make money when it hit low .base on history. Perhaps even after the crash happen, yet some don't dare to buy cause another fear will take over, "would market rise again? Would it be record high again? Nikkei took 20 years to beat the 90's top but yet Japan’s market is nowhere near its heyday of the 1980s. So stay invested in prospect of potential stocks. Treat it like asset does not matter short , medium on forever.

Looks healthy correction. Patience will pay off

while the book value of equipment is depreciating, why can't the land value been included in DCF calculation, after all land value always go up.

Lets see the performance of Inari