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2018-08-28 08:12 | Report Abuse
94.7m is net profit?
Modest erks
Singapore DBS has 117m net profit for ye 2018
Singapore DBS say TP at 1.46 at oil price 60
Some from Batam says TP higher 3.30 +1000% gain since day one
2018-08-27 09:17 | Report Abuse
It is now or never my love won't wait
It is now or never my love won't wait
MY LOOOOVVVEE WON'T WAIT
2018-08-25 17:41 | Report Abuse
Earnings upcycle to start in 2QFY18. From the offshore activity levels that are currently taking place, we believe that the earnings upcycle for Dayang could start as early as 2QFY18.
Latest results say this is right on. Earnings upcycle start in 2QFY18.
Reiterate BUY with unchanged target price of RM1.06 per share
target price of RM1.06 per share
NVESTMENT HIGHLIGHTS
Dayang Enterprise clinched PM-MCM from Murphy Sarawak and Murphy Sabah
Campaign period for 2018-2023 with one year extension option
Contract is on call-out basis estimated to be between RM1-2b
Reiterate BUY with unchanged target price of RM1.06 per share
PAN-MCM. Dayang Enterprise announced that it has secured a Pan Malaysia Maintenance Construction and Modification (PM-MCM) contract from Murphy Sarawak Oil Co Ltd and Murphy Sabah Oil Co Ltd for the campaign period of 2018-2023. The contract period is effective from 17 July 2018 and shall expire on 16 July 2023 with an option to extend for a period of one year.
Current jobs at hand. Activity levels for the Maintenance, Construction and Modifications Contract (MCM) and Topside Maintenance Services works under the Pan Hook-up and Commissioning Contract (Pan HUC) has improved in 1QFY18 despite the typical cyclical monsoon months and will continue to improve into 3QFY18. The company's current orderbook, inclusive of this new win stands at approximately RM2.5-3b lasting through to 2023.
Tenderbook. The company has participated in approximately RM8b worth of projects, in particular the Pan MCM tenders. The company remains fairly confident of winning a portion given its track record and successful campaigns in similar projects.
Dayang’s forte. Dayang is no stranger to maintenance, construction and modification (MCM) works as it was the incumbent for the previous HUC contracts from 2013, and more recently the winner of the MCM from Petronas Carigali. Currently, Dayang on its own has: (i) 6 work vessels and; (ii) 2 supply boats with an average age of approximately 6.5 years old. All of which are fit for purpose, within the stringent specifications required by Petronas and its production sharing contractors.
Earnings upcycle to start in 2QFY18. From the offshore activity levels that are currently taking place, we believe that the earnings upcycle for Dayang could start as early as 2QFY18.
Source: MIDF Research - 30 Jul 2018
09/08/2018 09:12
2018-08-24 14:15 | Report Abuse
Don't think d reserve report wil do anything to d NTA
2018-08-23 20:22 | Report Abuse
Set ur view longer term is d msg
2018-08-23 20:20 | Report Abuse
Hope not a u want good news or bad news first situation
2018-08-23 20:17 | Report Abuse
A sedative pill to calm u down before a so so....
2018-08-23 20:04 | Report Abuse
Hope tis reserve report is not a sweet before d sour
2018-08-23 14:40 | Report Abuse
Wat profit do u want fr Sabah EOR PSC for qtr ended Jun ?
2018-08-20 15:56 | Report Abuse
oil price not up price up must b good qr
2018-08-15 14:40 | Report Abuse
George is betting big on oil follow him me
2018-08-10 19:17 | Report Abuse
Don't feel good
Buy Hibiscus now is more risky thn buying Reach?
Both nid to produce more oil
High expectation against non existent expectation
Need to give d sky to impress against jz don't die enough to impress
2018-08-09 11:57 | Report Abuse
After tis morning more certainty
2018-08-09 09:12 | Report Abuse
NVESTMENT HIGHLIGHTS
Dayang Enterprise clinched PM-MCM from Murphy Sarawak and Murphy Sabah
Campaign period for 2018-2023 with one year extension option
Contract is on call-out basis estimated to be between RM1-2b
Reiterate BUY with unchanged target price of RM1.06 per share
PAN-MCM. Dayang Enterprise announced that it has secured a Pan Malaysia Maintenance Construction and Modification (PM-MCM) contract from Murphy Sarawak Oil Co Ltd and Murphy Sabah Oil Co Ltd for the campaign period of 2018-2023. The contract period is effective from 17 July 2018 and shall expire on 16 July 2023 with an option to extend for a period of one year.
Current jobs at hand. Activity levels for the Maintenance, Construction and Modifications Contract (MCM) and Topside Maintenance Services works under the Pan Hook-up and Commissioning Contract (Pan HUC) has improved in 1QFY18 despite the typical cyclical monsoon months and will continue to improve into 3QFY18. The company's current orderbook, inclusive of this new win stands at approximately RM2.5-3b lasting through to 2023.
Tenderbook. The company has participated in approximately RM8b worth of projects, in particular the Pan MCM tenders. The company remains fairly confident of winning a portion given its track record and successful campaigns in similar projects.
Dayang’s forte. Dayang is no stranger to maintenance, construction and modification (MCM) works as it was the incumbent for the previous HUC contracts from 2013, and more recently the winner of the MCM from Petronas Carigali. Currently, Dayang on its own has: (i) 6 work vessels and; (ii) 2 supply boats with an average age of approximately 6.5 years old. All of which are fit for purpose, within the stringent specifications required by Petronas and its production sharing contractors.
Earnings upcycle to start in 2QFY18. From the offshore activity levels that are currently taking place, we believe that the earnings upcycle for Dayang could start as early as 2QFY18.
Source: MIDF Research - 30 Jul 2018
2018-08-09 08:36 | Report Abuse
Ppl play ur mind to make u sell low
2018-08-08 16:44 | Report Abuse
Big operators do big queue to sell??
2018-08-06 11:46 | Report Abuse
Don't b too affect by q418 result
Sabah psc hit 25-35m in q418 good indicate 2019 pat rm 300m is on d way
2018-08-06 11:09 | Report Abuse
Bt d one to watch is year 2019
For 2019
Anasuria rm 75m per year
Sabah psc rm 225m per year
Test 4 for u Dericlock
Hw many bbl must Sabah PSC produce to get rm225 at oil price us 75 per bbl?
2018-08-06 11:05 | Report Abuse
Hw to read 4q18 result?
Anasuria
Rm 15m meet expectation
Sabah psc
Rm 25m base case
Rm 35m wit incease in production
Rm 50m wit very good ramp up in production
2018-07-30 10:21 | Report Abuse
IB'S 2019 EPS from 0.15 to 0.21
PE 10X 1.5 to 2.1
PE 15X 2.25 to 3.15
TP by some from Batam 3.30 +1100% gain since day one not impossible
2018-07-30 09:32 | Report Abuse
Thing abt slow bloomer once it start it is goin to b fireworks n it is goin to last
2018-07-29 18:38 | Report Abuse
-tive goodwill is Hibiscus's share of profit d PSC made in d 15 mths
2018-07-29 17:53 | Report Abuse
No u come Balakong police station I wait u knn
2018-07-29 17:47 | Report Abuse
Not 0 la recovered in 1 year la PE 1x la
2018-07-29 17:41 | Report Abuse
Dapking
D path to God is straight n narrow
U who posted tis wil go to see Him first St Peter waiting for u
Posted by Dapking > Jul 29, 2018 04:59 PM | Report Abuse
Hope everyone here swear on you OrlandoOil and soon you loose in your life...
2018-07-29 17:13 | Report Abuse
I do ur mother 3 thousand times alex a boy
2018-07-29 17:10 | Report Abuse
I curse u death by a thousand stabs Dapking
2018-07-29 15:50 | Report Abuse
Kikiki
I hv seen d note 17
Get it from me, man
Its is jz US 25m tat time = RM 90.106m
2018-07-29 14:49 | Report Abuse
Knn jayc u stupid ah u nvr read note 7 of last qtr report ? US 25m tat time = RM 90.106m
Hibiscus paid only RM 90.106m for Sabah EOR PSC stupid or eye got problems?
2018-07-29 09:59 | Report Abuse
http://klse.i3investor.com/blogs/icon8888/161804.jsp
In October 2016, Hibiscus announced that it was acquiring 50% equity interest in North Sabah Production Sharing Contract ("North Sabah PSC") for an extremely cheap price of RM200 mil. The vendor was Shell. Petronas holds the remaining 50% interest. The acquisition was completed recently on 31 March 2018.
...an extremely cheap price of RM200 mil.
RM 200m is extremely cheap price d??
Well good news for u RM200m is a mistake d price is actually US 25m or RM 90.106m
RM 90.106m thn is extremely extremely extremely extremely cheap price
Hibiscus actually bot d 50% participation interest at PE 1
2018-07-27 16:49 | Report Abuse
Dear Anasuria is profitable on her own right
2018-07-27 16:48 | Report Abuse
Sabah EOR PSC alone can gv 0.17 EPS 10x PE 1.70 15x 2.55
2018-07-27 16:44 | Report Abuse
Singapore DBS say TP at 1.46 at oil price 60
Some from Batam says TP higher 3.30 +1100% gain since day one
2018-07-27 16:44 | Report Abuse
Singapore DBS say TP at 1.46 at oil price 60
Some from Batam says TP higher 3.30 +1000% gain since day one
2018-07-25 11:59 | Report Abuse
Good sign a positive lead to coming good QR
2018-07-24 14:54 | Report Abuse
Knn wat? Profit too good to b true? Nid confirmation by lookin at qr is it? By thn hopefully not too late
2018-07-24 08:53 | Report Abuse
If takin 5500 bpd as profit oil
Still tis part not clear
Bt wit 1,588,000,000 shares difference in EPS not big
2018-07-24 08:45 | Report Abuse
If takin 5500 bpd as profit oil
Profit oil = 5,500×90×78×4×4=617,760,000
Net of 38% PITA = 383,011,200
Net of 30,000,000 admin = 353,011,200
PAT @ 24% tax = 268,288,512
2018-07-23 16:31 | Report Abuse
Disappointment all around
Take it from me
It is abt time to fly high
Stock: [HIBISCS]: HIBISCUS PETROLEUM BHD
2018-08-28 16:39 | Report Abuse
Reach is going up great