Everyone waiting for 'tanah runtuh' or 'durian runtuh' ? ...

What will happen to Hibiscus share price when crude oil price drop to USD60 per barrel ? ... Scary it's it ? ...

Doesn't matter lar, let them sell, good opportunity for us to collect undervalued shares from them ...

Maybe it's good time to overtake Hibiscus again at over 1.00 > 1.30 > 1.60 ? ... Hahaha ...

Wow ... Very good quarterly report announcement ...

Dnex going above 1.00 in this week ? ... 1.30 is coming soon ? ... Next target 1.60 is coming ? ...

Lai Lai Lai ... Next week move above 1.00 ... First target 1.30, 2nd target 1.60 ...

Don't cry ... Don't worry, be happy ... No need to fight, Dnex n Hibiscus go up together ...

Next week above 1.00 ? ... Short term target 1.30 to 1.60 ? ...

Can close green by end of today ? ...

Alright, cleared 0.910 ... Slowly move up to above 1.00 > 1.30 > 1.60 ...

Good ! ... Lai Lai Lai ... Next target 1.00 > 1.30 > 1.60 ...

Strong resistance at 0.905 n 0.910 ... Must break above 0.910 in order to achieve above 1.00 ...

Beautiful ...

Looks like buying momentum is very strong, next week may break above 1.00 ... Short term first target 1.30, 2nd target 1.60 ...

Today can close green or above 0.90 ? ... Next week rally above 1.00 ? ...

Afternoon above 0.90 ? ... Next week above 1.00 ? ...

Looks like tomorrow going to be above 0.90 toward 1.00 already ...

Tomorrow opening gap up above 0.90 ? ... Big rally is coming ? ...

Wow ... Dnex on the way up ... Tomorrow above 0.90 ? ... Next week above 1.00 ? ...

Dnex n Hibiscus slowly moving up to above 1.00 > 1.30 > 1.60 ? ...

Dnex slowly moving up to 0.90 > 1.00 > 1.30 > 1.60 ? ...

Slowly n quietly moving up ... Good ...

Dnex ada gaya lar ... Overtake Hibiscus by next week ? ...

I also hold some Hibiscus, small qty only ...

Crude oil price may not be able to sustain at high price above $100 per barrel for long time, it may collapse at least 30% later ... Just like how gloves ASP collapsed n Palm oil price collapsed ... Be cautious of crude oil price n Sabah tax issues ...

When UNCLE promote his stock, not everytime successful one, don't follow blindly ... Look at what happen to AT Systemization, uncle promoted it from above 0.10 to 0.01 now ...

Where are all the big n brave warriors ? ... So far only about RM10 million worth of transactions done ... I thought big warriors can push up to above 1.00 with hundreds of millions ... A bit disappointed ...

In case the Sabah government enforce the stop work order in Sabah territory from 1st Oct 2022 onward, no oil n gas extraction for Hibiscus in Sabah, Brent crude oil price shoot up to $300 per barrel also no use ...

Interesting to see retailers reaction by tomorrow's opening bell ...

Walao ... Hibiscus kena kao kao liao ... Can wait at 0.60 or below ? ...

Got chance to buy at 0.60 ? ... Waiting ...

Hibiscus pun masuk longkang kah ? ... Hahaha ...

Profit taking or sell down ? ... 1.00 ? 0.95 ? 0.90 ? Or below ? ...

Non stop sinking ... Next week below 0.90 ? ... Below 0.80 ? ... Below 0.70 ? ... Scary ! ...

Crude oil price going to collapse/fall to $60 per barrel ? ...

Hibiscus share price go below 1.00 by next week ? ... Can reach 0.80 ? ...

Rely on good faith basis ? ... Cautious ...

Be cautious ... Hibiscus said its discontinuance of the payment of SST under protest (in the case of RML) and non-payment of SST (in the case of SEA Hibiscus) may lead to the state authorities taking action.

"It is possible that such action may cause disruption to the group's operations.

Will this Titanic sinking to the bottom of the ocean ? ...

Profit taking ? ...

Casino de-SD today close green or red ? ... Big or small ? ... Place your bet, 50% chance of winning n 50% chance of losing ...

Casino de-SD is open for biz ... Place your bet, big or small, 50% winning or 50% losing rate ...

This counter remind me of Sumatec ... Share price slowly going lower from above 0.10 to 0.005 n finally delisted ... Only suitable for gambling now ...

Walao ... Heavy bloodbath ... Maybe can consider betting when the price reach 0.005/0.010 ... Hoping for a rebound later ...

Maybe it's still possible to go above 0.20 ? ... Surprise if can go above 0.30 ? ...

MELBOURNE (March 10): Oil prices rebounded on Thursday after the United Arab Emirates said it is committed to major producers' pact to add 400,000 barrels per day of supply monthly, hours after UAE's ambassador to Washington said his country favoured a bigger increase.

U.S. West Texas Intermediate (WTI) crude futures jumped more than $3 shortly after opening and were trading up $1.53, or 1.4%, at $110.23 at 2324 GMT. The contract had tumbled 12.5% in the previous session in the biggest daily decline since November.

UAE Energy Minister Suhail al-Mazrouei said on Twitter late on Wednesday his country is committed to the agreement by the Organization of the Petroleum Exporting Countries and allies, together called OPEC+, to ramp up oil supply gradually following sharp cuts in 2020.

"The UAE believes in the value OPEC+ brings to the oil market," al-Mazrouei said.

His comments came just hours after prices slumped on comments by UAE's ambassador to Washington that his country will be encouraging OPEC to consider higher output to fill the supply gap due to sanctions on Russia after it invaded Ukraine. Russia calls its incursion a "special operation" to disarm its neighbour.

While UAE and Saudi Arabia have spare capacity, some other OPEC+ producers are struggling to meet their output targets due to underinvestment in infrastructure over the past few years, which will limit their ability to lift output further.

"We think it will be challenging for OPEC+ to boost production in this environment," Commonwealth Bank commodities analyst Vivek Dhar said.

KUALA LUMPUR (March 7): Hibiscus Petroleum Bhd rose as much as 12 sen or 9.68% to RM1.36 amid active trade on Monday morning as an analyst foresees high oil prices to lift its earnings.

At noon break, the stock settled at RM1.35, still up 11 sen or 8.87%.

The counter, which was the most actively traded stock on the bourse on Monday morning, saw 89.4 million shares traded. This is almost four times its 200-day trading volume average of 24.3 million shares.

Maybank Investment Bank analyst Liaw Thong Jung, who has a "buy" call on Hibiscus Petroleum, said in a note on Monday that he revised up Hibiscus Petroleum's target price to RM1.90 from RM1.70 as higher crude oil price outlook is expected to lift the company?s financial year ending June 30, 2022 (FY22) to FY24 earnings estimates by 9% to 28%.

?Hibiscus Petroleum is the best play for a cyclical, rising energy price market ? fundamentally sound, financially resilient and offers compelling growth (three-year net profit compound annual growth rate of 80%) with undemanding valuations,? he said.

He noted his target price (+12% revision), based on US$10/barrel of oil equivalent (boe) (about RM41.78/boe) 2P reserves, is undemanding vis-�-vis its peers that trade at higher multiples (US$12/boe to US$31/boe).

He also sees further upside for the stock should it succeed in securing Repsol?s PSC extension, converting some of its sizeable 2C resources (73.2 million barrels) to 2P reserves and/or monetising some of its development fields (i.e. Marigold, Australia) along the way.

According to him, Hibiscus Petroleum, a pure upstream oil and gas (O&G) operator, with a relatively low lifting cost (profit and loss break-even oil price of sub-US$40/boe), is the most leveraged O&G play to capitalise on the strong energy push.

?Oil price has surpassed US$100 per barrel and should sustain over an extended period, for the energy market is facing a trilemma: (i) stronger demand growth post-pandemic, (ii) supply disruption (structural under-capacity) and (iii) rising geo-political risk (Russia-Ukraine crisis),? he said.

He raised his crude oil price outlook by US$10/boe to US$90/US$85/US$85/boe in FY22/FY23/FY24 but lowered Repsol?s FY22 output by 2,000 boe, which raises Hibiscus Petroleum operating expenditure/boe by US$3.

?The Repsol acquisition (completed on Jan 24, 2022) is timely, to ride on the higher oil price outlook. All in, we expect Hibiscus to see strong earnings growth in FY22 (3.1 times year on year) and FY23 (1.9 times year on year) respectively,? he said.

By Lam Jian Wyn

The edge markets reported 3 hours ago ... Maybank Investment Bank analyst Liaw Thong Jung, who has a "buy" call on Hibiscus Petroleum, said in a note on Monday that he revised up Hibiscus Petroleum's target price to RM1.90 from RM1.70 as higher crude oil price outlook is expected to lift the company?s financial year ending June 30, 2022 (FY22) to FY24 earnings estimates by 9% to 28%.

Maybank upgraded Hibiscus target price to RM1.90 ...