Today, I could not resist the opportunity, bought some at 1.18, 1.19, 1.20.

Now you know that Hibiscus is going to produce 20000 bpd ( currently 10000), simple logic apply here, do not sell your share, keep holding and top up. Cause it simply worth double, maybe in two month or two years, who knows..I hold mine tightly. Oil price may add another 30%.

Today would be nice to close above 1.23, oil up, production up, ringgit 4.14,..no reason for the share to close in red, there is plenty of investors are willing to buy your share.

US sanction on Iranian oil will create a 1.5 millions barrel per day of vaccume that no one will be able to fill. This 1.5 millions is like 430 New FPSO similar to Anasuria that Hibiscus own. Need at least 3 to 4 years to delliver a new one FPSO, at about 500 millions usd each. I think oil price is on its way to $90 usd by Nov, and $100 by Dec this year. Hibiscus share should continue moving up along the way toward RM2.5.

Oil still holding above $82.

Opportunity to grab more.

Tomorrow will open 1.19, opportunity to top up now or too late.

I think 1.19 closing price for today, finger cross..

Why 7000 ??!!!

its 10700bpdx$85x90x0.94xRM4.13 = revenue per every quarter..

Lets see tonight if oil price can hold above $80. Hibiscus share is still undervalued now.

A RM400 Millions of net profit per year give Hibiscus a share value of at least RM2.5. It will not happen tomorrow, but it will happen within this year.

JP Morgan just confirmed that the average Brent oil price from now till End of 2018 will be $85 ( average). This means alot, in fact it means additional 16% of Net profit for Hibiscus in 1Q19 & 2Q19. With a net of approx. 1 millions barrels per QR produced, Hibiscus can easely score 100 Millions RM of net profit each quarter.

https://www.bloomberg.com/news/articles/2018-09-24/major-traders-see-return-of-100-oil-due-to-u-s-iran-sanctions

Brent crude crossed $80 just now, hehe, Thanks to Trump lol.

Hibiscus produce brent crude oil $79.87 now, adding $5 premium from Sabah for each barrel.

Trump can bark day and night, it wont help at all, price on the way back to $79. Lol. https://www.bloomberg.com/quote/CO1:COM

Now enough talk, i go on the side line again, see you all by end this year.

@alandrake, I think its possible to reach 1.60 or even beyond that this year end. The downside could be oil price below $65, unplanned shut down. However these downsides can be balanced by increase in production rate or lowering production cost, or getting some additional revenue from Australia drilling rig & licences etc.. so all and all, Hibiscus still moving along the right track. I see Excelent future ahead

Thanks Huat1, feel sory for Latuk, he left very early...where is he now?

Speedy Boy, agree with you, this is why i stayed on the side line for about 4 month, when Hibiscus was at 0.82..there is no need to keep whatching minutes by minutes or day by day, enough to lookahead monthly basis, as the trend is cleare, year by year, Hibiscus stock was moving up very good and steady, 100% gain each year,
2015= share price 0.195
2016= share price 0.400
2017= share price 0.820
2018= share price now 1.02, by end this year should be 1.600
2019= share price should be 3.20.

Oil market will remain healthy through 2019 and 2022.

Thanjs Mitchu, I am allways here, but was on the side line. Hapoy to see your here too.

Oil price is still holding above $79. Every one dollar rise give Hibiscus a net profite of 1.3 millions..

I think this quarter will show a total oil production of at least 1.2 million barrels net to Hibiscus. If it sold at average price of $75 (RM310), the revenu will be in the range of RM372 millions. With Profit margin of only 25% this means a Net profit after tax of about RM 92 millions. Anyone can challenge these figures, feel free to comment.

Dare to bet that Hibiscus share will gain 30% per quarter starting within a month or two from now. However, some big investors still need to collect your shares at cheap price, so they are selling and buying back at low to create panic, but this cannot continue fir ever, how more you hold how faster share will move upward, faster it goes when there is buy call sentiment. This quarter no more goodwill, but a fat revenue and big fat profit, i guess a record profit, wait and see.

No need to fly, just Take the bullet train...

Yeh, Latuk, you are right, looking back two years ago, Hibiscus share stood at 0.195, a year ago stood at 0.6 now its 0.96. Who knows next year ?

Those who still have cash to top up i think this is the moment of no return, 0.96 is very atractive price, tonight oil price should cross $80, who knows when Hibiscus share will start to rise, if it does it will go all the way up, i take no chance, I buy, top up and hold.

TP RM1.7 is possible. Oil may hit $100 this year, early November. Hold tight.

I do not mind when ppl who call themself Superinvestor,, spread rumors about me, last time he did it on 15 May morning sessions when huaan was 0.430, and in afternoon sessions huaan rose up to 0.480 and closed at 0.470. You all can check his comments against the price, unless he deleted it. i hold, even if drop, ill buy more. Not selling below RM1..this is my tp. Good luck to all.

Coke price today up by 7.5%
https://m.investing.com/commodities/metallurgical-coke-futures-historical-data

Super, you should run together with hohong.lol. i stay.

Superinvestor9, i recall last time your account posting was blocked by the manager of this site due to your bad wording...after that the share rise 12cent..

Hohong, time to move the share up, your boss has no more patient, enough been greedy, what you collected its enough, start the tack off to 0.6. why we did not hear from you when a week ago huaan rose from 0.355 to 0.480, ahaa..and you was posting here to run at that time!. So simply said, i do not truss you..

Its very clear, those who just sold, they will recommend you to sell, so they can buy again at low..nothing to do with fundamental, just pure manupulation of mind, truss your own study, if you did not do any study you should better stop trading in stock market afterall....

Hohong recommend run again? Since huaan was at 0.34 he was still recommending run, ! Run where? Lol.

I think This quarter should be positive, at least 30 millions in profit. I dought Huaan will report any less then previous quarter. Anyway trade at own risk. Good luck.

Yeh, i think 0.68 is reasonable and achievable...

FreeSpirit, so coke spot price must be above RMB2,050. Thanks for sharing.

Malaysia stock market is gaining back its confidence from local and foreign institutions, investors and i think, sooner or later the share should improve.

Free Spirit, am I correct to say that based on this article the coking coal price is faling and the coke price is rising? So the margin is increasing.

Goverment should abolishe the road tax too. Especially for engine with high capacity. 4400cc you pay 8400 ringgit !!! You can Keep the toll at least road will be properly maintain and remove the road tax...

Oil at record hight, 79.50 usd, why the share is not floating upward?

Up or else? Down , we buy more..

Today, spot coke price was up by 3.5% 1,949.50
As per link below. Tomorrow Huaan may rise above 50c.

Metallurgical Coke Futures - (DCJc1)
DCE
1,949.50 +66.00 +3.50%
01:00:00 - Closed. Currency in CNY
https://m.investing.com/commodities/metallurgical-coke-futures-historical-data

Drop, buy more..collect more..

Today same senario as yesterday, morning session down, afternoon session up, top up now.

What would be the PE value in HK? If Huaan was listed there? Who knows?

So PE is 8 means share value should be 0.7 if keith was right.

Gohoks, maybe there was some misunderstanding here. This statment is old and outdated, anyway, the good thing here is that at that time 2008, with net profit if only about 37 millions the share value was RM1.5. Thanks for sharing.

Gohaks, Honk Kong not Singapore, PE valuation has nothing to do with the bursa choice. Suggest you read more on Huaan historical decision. .tomorrow guessing all the way to 0.525.